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EXCLUSIVE: Oil analyst Barney Gray discusses the latest from Tower, Coro, Colter, Reabold & United Watch Here

EXCLUSIVE: Oil analyst Barney Gray discusses the latest from Tower, Coro, Colter, Reabold & United
UPDATE: #COPL set timeline for Q2/Q3 Nigeria drilling programme




Share Price Information for Interserve (IRV)


Share Price: 9.805Bid: 9.825Ask: 10.07Change: -0.40 (-3.92%)Faller - Interserve
Spread: 0.245Spread as %: 2.49%Open: 10.30High: 10.39Low: 9.805Yesterday’s Close: 10.205

Interserve Plc Ord 0.1P

Interserve is listed in the FTSE 250, FTSE All-Share, FTSE 350, FTSE 350 High Yield
Interserve is part of the Support sector






Share Price SpacerPrice
9.805
Share Price SpacerBid
9.825
Share Price SpacerAsk
10.07
Share Price SpacerChange
-3.92%-0.40
Share Price SpacerVolume
2,085,021
Share Price SpacerOpen
10.30
Share Price SpacerHigh
10.39
Share Price SpacerLow
9.805
Share Price SpacerClose
10.205
Share Price SpacerCurrency
GBX


Currency Issue Country Shares in Issue Market Capitalisation Market Size
GBX GB 149.72m £14.68m 20,000

52 Week High 115.50 52 Week High Date 22-MAR-2018
52 Week Low 6.50 52 Week Low Date 10-DEC-2018

# Trades Vol. Sold Vol. Bought PE Ratio Earnings Dividend Yield
136 1,166,543 918,478 -0.056 -176.00 0.00 0.00


London South East Users info for Interserve




Date
Time
Trade Prc
Volume
Buy/Sell
Bid
Ask
Value
 

18-Feb-19
17:13:55
9.81
161
Sell* 
9.825
10.07
15.79
Trade Type:
Ordinary
Delayed publication

18-Feb-19
16:35:28
9.805
18,000
Sell* 
9.805
10.00
1,765
UT 
Trade Type:
Uncrossing Trade

18-Feb-19
16:26:16
10.08
14,944
Sell* 
10.08
10.10
1,506
Trade Type:
Automatic execution




View more Interserve trades >>

Directors Deals for Interserve (IRV)
Trade DateActionNotifierPriceCurrencyAmountHolding
14-Dec-18Buy
Trade Notifier Information for Interserve
Dougie Sutherland held the position of Executive Director at Interserve at the time of this trade.
 Dougie Sutherland
13.35GBX2149147
27-Jun-18Buy
Trade Notifier Information for Interserve
Nicholas Pollard held the position of Independent Non-Executive Director at Interserve at the time of this trade.
 Nicholas Pollard
64.1GBX7,7237723
10-Nov-17Buy
Trade Notifier Information for Interserve
Bruce Melizan held the position of Executive Director at Interserve at the time of this trade.
 Bruce Melizan
80.5GBX186110292
View more Interserve directors dealings >>


BillTucker89
Posts: 471
Opinion:No Opinion
Price:9.805
Prepack deal
Today 18:47
Done a bit of digging and seems like management are proposing the same deal we saw with Mouchel a few years ago.
A new company was formed of which the equity was split 80/20 between the lenders and management team respectively. I have a suspicion something similar is being drawn up here, hence management are keen to get the deal through. Not only will they get to keep their salaries, but have a slice of the profits too so it’s a winner for them. Makes you wonder it’s not just the lenders being greedy, but the management having an equal amount of greed and hence colluded with the lenders for such a ridiculous plan.

https://www.theconstructionindex.co.uk/news/view/banks-take-over-mouchel-in-pre-pack-deal
BillTucker89
Posts: 471
Opinion:No Opinion
Price:10.31
RE: EBITDA between £170m and £175m
Today 13:03
Thanks Feilb. The RNSs certainly need investigating as my entire investment in IRV has been from the RNS from 2016 onwards which as we know now were all a work or art. They have lied through the tweet and so has the earlier ones from DW. Like you say investing is n stocks has a risk which we all accept, but how can you make an informed the decision when the information you have been given is false.
feileb
Posts: 116
Opinion:No Opinion
Price:10.31
RE: EBITDA between £170m and £175m
Today 12:37
Bill,

At this point in time, existing shareholders hold a small amount of power - two votes to come.
Following any deal, in reality existing shareholders will have no power whatsoever.
Unless the BoD start communicating / explaining their current deal and why it is necessary, I foresee a backlash.
It is difficult for existing shareholders to see their investments wiped out, but most would probably accept this as part of investing in stocks - if they understood that the deal was balanced and necessary.
The difficulty existing shareholders have is the deal does not appear to be balanced or necessary and Interserve are silent. The other difficulty existing shareholders have will (as you have pointed out) have is the genuineness of the RNS's over the past two years.
And the latest RNS indicates a EBITDA of between £170m and £175m - if this is the case then I cannot see how the present proposed deal stacks up.
Hence the BoD need to communicate.
BillTucker89
Posts: 471
Opinion:No Opinion
Price:10.31
RE: EBITDA between £170m and £175m
Today 11:27
Feilb- I don’t think they can answer that on, as the answer is in the telegraph which they are out of their depth. They are far from the top management (turn around specialist) team they are made to be, and now are just following their lenders/advisers lead like a bunch of lost sheep. They have made the situation worser than Ringrose had left it.

I note you say they may regret disregarding their shareholders. Can you clarify what you mean by this? Are you expecting some sort of action from SH?

They have also wiped out the interests of many hard working employees which will also make them look like ????? heroes.
feileb
Posts: 116
Opinion:No Opinion
Price:10.37
Shameful Stitch-Up
Today 09:13
"Shameful Stitch-up"The Lenders get 6.150bn shares at 8p (more like 12p but regardless) = post Dfe Business will be therefore worth £492MThey own 97.5% of £492m = £479.7M they still hold £350 debtAdd the two together = £829.7m this is more than the current £755m debtSo they make an immediate profitBUT The 8p share price is really 12p, so their £479.7 is actually £640m £640m plus £350 debt is £990m versus £755 debtBUT The SP has every chance of rising to 16p (low debt, no EfW, EBITDA £182m) soThe Lenders are likely to get £800m plus £350m debt = £1.15bn"Shameful Stitch-up".
View more share chat for Interserve (IRV) >>




Interserve Plc Ord 0.1P home pageWebsite: Interserve Plc Ord 0.1P
Website Description: Interserve



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