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No, but I was watching it on Level 2, it was manic with incredible volume. Some big buys gone through after the close.
Anyone know what happened end of today. Share price surged 5% instantly to 1.82, then Dropped back...
Takeover bid?
And the purchase looks good - managing asylum seekers is a big job & seems to be growing.
Should give a bit of a boost to the sp.
Broker upgrades to follow in the next few days surely ?
Serco has been punished this year for no reason. Hopefully this is the news we needed to get it back to at least £2
Should be a decent rise this morning.
In the ever increasing manner in which the micro management of the global population is creeping in, then unfortunately, this company is going to do just fine.
You seriously have to wonder why the SP is so low, everywhere you look you see serco logo's, no to mention the prisons and illegal migrant accommodation and NHS contracts.
Sold out after holding for a year. Momentum is now negative. Made a loss of 4% so not too much damage done.
Great if UK Gov funded the making of a few new prisons.
Funding supports the construction sector.
Makes jobs for security services.
I would be happy if the tax we already paid funded safer UK streets.
01-Mar-23 RBC Capital Markets Outperform - 190.00 Reiteration
01-Mar-23 JP Morgan Cazenove Overweight - - Reiteration
01-Mar-23 Barclays Overweight - 200.00 Reiteration
28-Feb-23 Peel Hunt Limited Buy - 217.00 Reiteration
28-Feb-23 Jefferies Buy - 220.00 Reiteration
looking for 170p here
When was this Hamm ... I can only see the ones by Rupert as exiting CEO sold in November, which were not a surprise.
Pretty sure the incoming CEO will now purchase over time in line with minimum holding requirements, if not already met in previous roles in Serco.
Amazing that the bods have sold half of their shares!
Basically a good update saying this year and next year are likely to be ahead of previous guidance. The kind of news release which would normally see the share price rise. But today it goes down!
Closed period trading update; 2022 slightly ahead of previous guidance, 2023 expected to be in-line with consensus.
Can not understand the fairly sudden drop in share price. It has been holding up (understandably) quite well this year - then down on no news.
Are they affected by strikes at all?
down 6p today. Why?
Yep, did seem a bit OT, but there again I rarely understand share price movements.
Up 4% today relative to the FTSE.
He's not going for 12 months - it looks like it will be a smooth, well planned hand over, so do not understand the drop today.
Shares in Serco Group (LSE:SRP) PLC slipped 6% following news that chief executive, Rupert Soams, was to step down.
Russ Mould, investment director at AJ Bell said ““Serco shareholders were disappointed that Rupert Soames is to retire as chief executive next year, which will conclude nine years with the company.”
Mould said “Soames is widely credited as reviving Serco’s fortunes.”
“He restored the outsourcing group’s credibility after the electronic tagging scandal where Serco took responsibility for three offences of fraud and two of false accounting between 2010 and 2013.”
Mould said now “the business has returned to notably better health.”
“Its reputation has improved, debt is forecast to come down and profit is expected to go up, which means Soames can exit knowing he has made a difference.”
Peel Hunt analyst Christopher Bamberry said Soames was “highly regarded.”
But they added his successor, Mark Irwin, was “well known to analysts, having been a regular presenter at results presentations.”
https://www.undervalued-shares.com/reports/investment-reports/turning-crisis-into-opportunity/