Sureserve Share Discussion Threads

[igoe104] 22/1/2019 11:33

Looks like the recover starts now, hopefully the share price should start creeping upwards again, past 50p over the next couple of months.

[cerrito] 22/1/2019 10:22

Yes vfast at first reading good results and this morning's price increase makes sense.
By the nature of the company the report will need careful reading. Good that they used average debt.

[vfast] 22/1/2019 10:19

Strong figures and a excellent outlook.

[trustman] 14/1/2019 14:47

Possibly next week

[trustman] 09/1/2019 17:07

Figures this month?
Should provide a clearer picture.

[igoe104] 01/1/2019 11:08

Results out mid month, could see decent bounce as long as long as they don't have a white elephant in the room.


Sureserve sees earnings in line after 'strong' second half
1 October 2018 | 08:06am
StockMarketWire.com - Asset and energy support services company Sureserve Group, which recently changed its name from Lakehouse, said it expected its full-year profit to meet expectations.

The recent sale of the company's construction and property services division had given it a greater focus on regulated businesses in compliance and energy services, which provided a profitable platform for predictable growth, the company said.

'Financial and operational performance has been strong in the second half of the year and the board expects that the outcome for profits for the year to September 2018 will meet expectations,' Sureserve said.



At 8:06am: [LON:SUR] share price was +36p at 36p

[newtothis1] 10/12/2018 15:33

Seems like it was the right decision to offload the construction division.

[diduno] 10/12/2018 14:42

WhoNeedsLottery2 - Did you not realise that you were posting on SUR share chat? Why did you forecast a single figure share price? Was that not for Sureserve as Lakehouse no longer trades?

Look, I am a forgiving sort of chap and it's my belief that you made a simple error in believing that I was getting some sort of pleasure from this chaos. I do assure you that I'm not. It is in no one's interest for Sureserve to fail.

[whoneedslottery2] 10/12/2018 13:54

Diduno - not related to SUR; hence my post removal.

[sharw] 10/12/2018 11:58

I think it should be made clear that the article:



posted by diduno refers to Lakehouse Contracts Ltd, the company sold by SUR to Mapps Group. On Aug 17th it was announced that the disposal had completed and on the 30th the change of ownership on the 17th was registered at Companies House with Mapps Group as the new owner.

Hence all the talk about unpaid subcontractors does NOT refer to SUR.

What does concern me is that Mapps Group was owned by Jared Jon Sullivan but on Nov. 20th Companies House registered that on Oct. 29th he had transferred it to Darren Colin Pace. Now Mr. Pace is Commercial Director of Mears. He is not on the PLC board but does remain on the board of Mears Ltd., one of the principal operating subsidiaries. Given that the Chair of SUR is also the Chair of MER (at least until the next AGM) this is beginning to sound a bit incestuous.

[diduno] 10/12/2018 10:16

WhoNeedsLottery2 - So that's all right then. Post an article that is wholly damning for the future of Sureserve, Lakehouse & Mapps Group whilst at the same time claim that I am getting pleasure from posting a link to the Construction Enquirer's article of 07 December. Where do the likes of you ever stop? You would be well advised to engage your brain before speaking rather than claim 'wrong thread'. What was 'wrong' about it?

I'll tell you what was wrong! You thought that I would be an easy target to criticise and that you would gain some kudos from the posting. But you failed to understand that what you said was far more damaging than the article to which I referred. That is why you have now withdrawn it claiming 'wrong thread'.

[diduno] 09/12/2018 18:45

WhoNeedsLottery2 - I do assure you that I take no pleasure in any of this, although I have to ask if you take any pleasure in forecasting a single figure share price, the company heading towards administration and that in your opinion those holding shares should sell now? Do you not think that this would result in yet more staff and subcontractors being out of work?

It is the subcontractors that I feel most sorry for. Their unpaid accounts have probably been used to pay the salaries of staff wholly or partly responsible for the subcontractors plight, albeit they have undoubtedly acted under orders!

PS I do not know what happened with my previous post being printed 3 times. That was certainly not my intention.

[whoneedslottery2] 09/12/2018 10:54

Edit - wrong thread

[diduno] 08/12/2018 11:02

Computer problem - posted in error

[diduno] 08/12/2018 11:02

hxxps://www.constructionenquirer.com/2018/12/07/lakehouse-staff-let-go-as-subcontractors-quit-sites/

[diduno] 08/12/2018 10:58

Computer problem - posted in error.

[jsmith1982] 06/12/2018 16:05

I'm pretty sure it has been sold.

Interestingly enough Darren Pace has just been added as a director of Mapps and Lakehouse Contract, I assume this is the same Darren Pace down as Mears Commercial Director on LinkedIn?

Mapps now have two directors both with links to Mears, so whilst it appears the business was sold, it also appears it might still have the same chairman (Bob Holt).

I suspect cash is very tight and I know that Plc were due to refinance this month, that may be harder than expected considering the banking appetite towards the Construction sector.

[damo88] 06/12/2018 15:17

I have been reliably informed that Sureserve have NOT sold their property division as previously announced

They need to be telling the investors what’s going on

Cash is becoming very tight and chasing clients to pay

[whoneedslottery2] 05/12/2018 16:59

Any more news diduno ? - the Share price is suffering badly at the moment.

[jsforum] 01/12/2018 21:45

Or a massive bargain - they already set aside £3 million to pay for the sub contractor fraud

[igoe104] 30/11/2018 10:33

This is certainly turning out to be one of my worst investments ever. its a disaster of a share price at the moment.


unfortunately they are still burdened with the errors from Mr Black.

[diduno] 15/11/2018 11:06

Although there has been no official announcement from Sureserve, I have heard a rumour that the company has had to take back Construction & Property Services from the Mapps Group. If this is true, will it continue to drag down Sureserve as this was the principle reason for selling in the first place? Moreover, having sold to the Mapps Group, why should Sureserve be obliged to presumably buy it back?

[diduno] 09/10/2018 15:21

Please look at Evening Standard & Daily Mail online articles regarding Lakehouse and some of its subcontractors. It appears that 2 of Lakes contracts managers have been charged alongside 2 directors of Polyteck which, as most will know, formed Mapps FM, part of the Mapps group that took over Construction & Property Services from Lake.

What on earth is going on at Lake/Sureserve?