Share Name Share Symbol Market Type Share ISIN Share Description
Serco Group LSE:SRP London Ordinary Share GB0007973794 ORD 2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.90p +2.18% 89.10p 89.05p 89.20p 89.25p 87.00p 87.75p 1,875,439 16:35:04
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 3,011.0 29.6 -0.1 - 978.81

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Date Time Title Posts
15/2/201814:45Serco - Time to Buy1,746
12/11/201412:23$SRP.L – Serco – a dividend achiever gone wrong-
10/11/201414:22Possible support zone for Serco after warning-
14/8/201415:50SELL in Serco Group PLC (SRP.Lon)-
12/8/201415:06Serco (SRP) Sell into strength,-

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Serco Group Daily Update: Serco Group is listed in the Support Services sector of the London Stock Exchange with ticker SRP. The last closing price for Serco Group was 87.20p.
Serco Group has a 4 week average price of 82.25p and a 12 week average price of 82.25p.
The 1 year high share price is 149.70p while the 1 year low share price is currently 82.25p.
There are currently 1,098,554,887 shares in issue and the average daily traded volume is 3,385,058 shares. The market capitalisation of Serco Group is £978,812,404.32.
freddie ferret: Nobody seems to have commented on todays news and share price rise up to 108p before falling back to 101-102p. Up from 96p yesterday and 91p a few days back. Seems something has been leaking. ........................................................ " Highlights -- Profit performance for 2017 expected to be around the top end of previous guidance -- Closing net debt expected to be towards the lower end of previous guidance -- Strong order intake of over GBP3bn -- Definitive agreement to acquire major part of Carillion's health facilities management portfolio now signed -- Strong profit growth expected in 2018 and 2019 -- Growth thereafter more dependent upon when market demand reverts to trend" .................................................................. " For 2017, Serco expects to achieve an Underlying Trading Profit outcome around the top end of our previous guidance range of GBP65-70m; profits in the second half will be around 10% higher than in the comparable period in 2016. Revenue for the year is expected to be just under GBP3.0bn; the small reduction against previous revenue guidance includes an adverse impact of currency movements during the second half of the year and other volume and timing effects. The margin for the year will be better than previous guidance. Closing net debt at 31 December 2017 is expected to be towards the lower end of our previous guidance range of GBP150-200m; the final outcome remains subject to the timing of working capital movements around the year-end and the translation effect of prevailing currency rates at the closing balance sheet date. Closing net debt will not reflect the $20m outflow for the BTP Systems acquisition as this is expected to complete in early 2018, and similarly it does not reflect any consideration related to the Carillion health facilities management acquisition as this would only complete in phases over the course of 2018. Order intake in 2017 has been strong at over GBP3bn which represents a book-to-bill ratio of over 100%, the first time this has been achieved since 2012. Order intake includes Grafton prison in Australia which is the Group's largest ever contract win, as well as other new contracts such as those for Southampton NHS Foundation Trust, the US Army Installation Management Command and for the US Navy Fleet Readiness Centers, as well as rebids and extensions such as those for the US Patent & Trademark Office, air navigation services in the Middle East, facilities management for NHS Forth Valley and citizen services support for Hertfordshire County Council. As anticipated, the pipeline of new bid opportunities will be noticeably lower by the time we report the results for 2017, and is currently estimated to be GBP4-5bn. Refilling the pipeline is unlikely to be a smooth progression given the effect of the timing and scale of individual opportunities; however, as announced separately today, we have now signed a definitive agreement, subject to Carillion receiving shareholders' approval and the requisite third party consents, to acquire the major part of Carillion's health facilities management portfolio; these contracts have an average unexpired period of around 14 years and are expected to add around GBP1bn into our order book"
hawaly: The Questor Column: Serco shows renewed health as turnaround plan lifts profits and cuts debt: After a strong 2016 support services group Serco is slowly rehabilitating itself. Fresh progress toward Chief executive Rupert Soames’ revenue growth and profit margin targets could lead to further share price gains for patient investors. According to analysts’ forecasts sales may have bottomed last year at around £3billion and, although only minor improvements are expected in 2017 on the revenue front, profits are already on the rise. Return on sales reached 3.3% at the first-half results, on an underlying basis. December’s 10-year framework contract from the Barts Health NHS Trust suggests the company may finally be emerging from the Government’s doghouse after the criminal tagging overcharging fiasco. Further big deals would be a further assertion of Serco’s return to health. However, President Donald Trump’s plans to repeal and replace America’s Affordable Care Act, or ObamaCare, must be watched, as Serco does work for the scheme. Finally, net borrowing fell to just £120 million at the end of the first half compared with £682 million when Mr. Soames took over, owing to 2015’s rights issue and the self-help programme. Serco is not without its risks and the profit targets may only be met in two to three years’ time but Serco looks to be on the way back. Questor says ‘Buy’.
freddie ferret:
davethehorse: Seems like there are still big stock overhangs to shift - SRP share price dropping quickly on any sign of weakness in the market, even on low volume
ed 123: Hybrasil. Surely shares are very very cheap? Look at post 1613. You may see your answer there. Consensus eps for 2015 is 2.74p, and 2.53 for 2016. What I can't understand is why the share price is falling so slowly. To me, a share price of 80p is a triumph of hope over reality.
davethehorse: Not sure where SRP may end up valuation wise - looks like it will fall much further yet before there is any recovery in its share price IMO, very weak
peterjameslewis: hello, im new on here. Serco is being a real pain ay? its definitely going to be an uphill battle before it makes reasonable gains in its share price. what do you think?
ed 123: Hi dangersimpson2. No. It would appear they slowly came to the conclusion that it would not make good financial or strategic sense to sell those two businesses. Effectively, today they held their hands up and said, "We got it wrong." On a strong up day for the market (ftse100 closed up 146 points), Serco closed down about 2p. My interpretation of that response is that the market had its confidence shaken by the 180 degree turn. I can see that the former Chief Executive probably had to go in order to draw a line under the wrong doing, but did they get the right replacement? Share price was around 360p when Rupert took up the Serco job; today under 100p. He would no doubt say that the Group financial position turned out to be worse than he had intially expected - "over-optimistic accounting". It's up to the major shareholders. If they are content with this performance, then it's likely to continue.
market sniper1: Serco Group plc 41.4% Potential Upside Indicated by Jefferies International Posted by: Ruth Bannister 1st December 2015 Serco Group plc using EPIC/TICKER code LON:SRP had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘BUY’ today by analysts at Jefferies International. Serco Group plc are listed in the Industrials sector within UK Main Market. Jefferies International have set their target price at 157 GBX on its stock. This indicates the analyst now believes there is a potential upside of 41.4% from the opening price of 111 GBX. Over the last 30 and 90 trading days the company share price has increased 13 points and decreased 14 points respectively. Serco Group plc LON:SRP has a 50 day moving average of 102.68 GBX and a 200 day moving average of 131.72 GBX. The 1 year high stock price is 188.8 GBX while the 52 week low is 89.48 GBX. There are currently 1,097,554,751 shares in issue with the average daily volume traded being 4,454,677. Market capitalisation for LON:SRP is £1,275,358,587 GBP. Serco Group plc is a United Kingdom-based provider of public services. The Company operates through six segments: UK Central Government, UK & Europe Local & Regional Government, Americas, Asia Pacific, Middle East and Global Services, which provides BPO services across the globe.
alphahunter: Here we go again, the invisible hand is guiding again to the magic "100p". You've go to wait for the next Q to see man-triggered intervention in the share price. BTW, scary article in BBG about 15m jobs in the UK to disappear to robots in the next 20-30 years.
Serco Group share price data is direct from the London Stock Exchange
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