Now what? Why collapse on an up market day? Languishing at 133 after ceo's buy at 138.5. Where are all the brokers who took hefty fees in the recent rights issue.. Where are their research notes and recos?? For such a major company geared to the growth in outsourcing, newsflow is pathetic.
one could still buy below the price of ceo's buy at 138.24. Rupert Soames has been in the saddle for a year now. His credentials, opportunties for outsourcers, cost-cutting and a well-capitalised balance sheet should mean a steady recovery of this company's fortunes. DYOR.
yesterday late afternoon RNS. Serco Group plc (the "Company") was notified on 11 May 2015 that Rupert Soames, Group Chief Executive Officer, purchased 123,000 Ordinary Shares of 2p each in the Company on 11 May 2015 at a price of 138.239 pence per share. As a result of this transaction, Rupert's interest in the share capital of the Company, including that of his connected persons, is 607,000 shares.
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