Servelec Investors - SERV

Servelec Investors - SERV

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Servelec Group SERV London Ordinary Share GB00BFRBTP86 ORD 18P
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 312.00 01:00:00
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layabout: I work as a contractor in the social care business working with the IT systems each authority uses and the word on the street is that they are starting to lose existing social care customers. Two big Authorities have defected to their main rival in the last year. That rival, contrary to the market share graphs on the servelec investor and analysts presentations, already has by far the lion's share of the market. There is not nearly as much new business to go for as Servelec seem to think. The market shares they show are just plain wrong, not difficult to find out. Just employ a telesales guy to ring round the 200 odd councils in Britain and ask what system they have. Unfortunately the rival company is a privately held company, so not an investment opportunity. Companies in this business tend to have a life cycle like a roller coaster, they win a lot, reach a plateau then they stop winning and then they start losing some existing customers and then they hit the downhill slope as better suppliers come along. Once that happens it is hard to stop. The good staff leave and it is hard to justify putting investment into a declining business and then more existing customers start to look elsewhere. Fortunately for Servelec the health market is much more regulated and bureaucratic and companies can get away with old, expensive products and technologies that wouldn't cut it in any other market, so they may be able to milk that for a while. No idea how they fare in the automation market.
tony baloney: Yes, I'd picked up on this - Servelec are gilding the lily with their investor statements. Is it too much to ask that the FCA get their finger out and 'have a word' with companies which tell porkies to investors?
rolo7: 400k volume here on friday, off investor radar is serv also going into fste small cap in march may see a few more buyers.
simon gordon: FT - 1/12/13: Servelec's automation arm provides software and control systems to major UK utilities, broadcasters, lighthouses and North Sea oil rigs – areas that the company targeted after the decline of the steel industry in the 1980s. Its smaller but more profitable healthcare side sells software to community and mental health providers in the UK, and is expanding into acute care. "There's potential for growth, but the market has its challenges," says Tola Sargeant, an analyst at TechMarketView, of Servelec's healthcare business. In the face of NHS cuts, the company faces competition from the likes of Emis, Civica and Advanced Computer Software, which might try to take advantage of a push to integrate software systems across the healthcare sector, says Ms Sargeant. Servelec, which was advised by Investec, joined the main market rather than the more flexible Aim in order to attract bigger cheques from institutional investors, says Mr Stubbs. On listing, Mr Stubbs will have a stake worth approximately £1.5m. Schroders Investment Management and Henderson Global Investors are expected to hold 19.7 per cent and 16 per cent of the shares respectively on listing. The company comes to the London market with no debt and £5m in cash – which Mr Stubbs indicates will be used for acquisitions that were difficult under the umbrella of a Singaporean parent company. "What Servelec is good at is improving efficiency," says Mr Stubbs. "We want to buy smaller companies with good technology that are looking to become part of a larger company to accelerate their growth." ===== City Am - 3/12/13: Servelec valuation approaches £150m as shares jump on debut Software and services company Servelec yesterday floated its shares on the main market of the London Stock Exchange, reaching a valuation of £146.9m. Servelec's software is used in the automation of utilities, broadcasters, lighthouses and North Sea oil rigs, a business that brought in revenues of £39.4m last year with profits of £10.9m. Servelec is being sold off by Singapore's CSE Global, which bought Servelec in 2000, but is now selling it to focus on its Asia-Pacific operations. Following its share price launch of 179p, Servelec jumped 20.1 per cent yesterday to 215p. "We are delighted to have successfully completed our listing on the main market of the London Stock Exchange," said chief executive Alan Stubbs. "Being a public company provides Servelec with a platform to capitalise on the numerous growth opportunities available for both Servelec Healthcare and Servelec Automation, which will help to generate value for all of our stakeholders," he said. The company's healthcare business is smaller but more profitable as it faces competitors including Emis, Civica and Advanced Computer Software.
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