The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Rejected.
Even though I'm gutted to have sold out and missed this unexpected news, I still think 190p is a bargain. I wouldn't be surprised to see a refusal followed by a higher bid.
I am hoping a bidding war breaks out . In any event there is still upside at 190, so i bought some more , ignoring the risk of failed take over.
Had an automatic sell triggered at 151, haha could have made more but still happy - who would have known ;)
I must have the worst timing on the market! Sold out earlier this month. Oh well, good luck to current holders.
Wow!!!
I sold out yesterday as I'm expecting a bit of a market wide correction and GFS will not be immune. I'm now 50% cash and judging from today's 5% fall on NASDAQ, I may have got out just in time. Not like me to get my timing right so we'll have to see how things pan out.
Good call Tango ... I am just waiting for the formal announcement on HMP Wellingborough but need to be out mid next week at latest due to other plans.
I am out now, I still think this has further to go but I have made the target set and I have been caught out in the past by not selling at my target, best of luck to all
What a way to end the day :)
Likewise and I’m in at 1.08 mine starts with a four but not enough zeros on mine ;0)
This is the only share I have at the moment that is performing well!
Glad I bought a bit more by accident, I put a 3 instead of a 1 before a few zeros!
Bought at 106 a while back :)
Great set of results. Disappointed about the dividend but that's to be expected in the current climate. I'm actually not too concerned if (as stated) the dividend is used to pay down debt. Leverage is already reducing; 2.58 versus 2.90 in 2019. I'd like to see it a bit lower as this has been a stick to beat us with in the past. Otherwise I cannot fault the performance. Looking at the results you wouldn't know we have just been through a major hit to the economy.
Increase of 30% compared to market consensus!!
Lets head back to 200p!
I wonder what day this week we will see it as it said the week starting the 20th
Result on Monday and hopefully positive enough to hit 150p!!
I see in the news today, we are highlighting the RNS from last week, I would of thought this wouldn’t make much difference
Future looks bright for G4S, just bought in and still lots of scope to rise in the short and long term IMO
I suspect all of our employees would be working (given less than 1% impact on revenue compared to prior year) so can't see how G4S is using govt furlough scheme on systematic basis!
I agree, re-rate back to 160-170p is on the cards. Hopefully re-rate ahead of 20 July results announcements.
Given the liquidity position hopefully there is an intention to pay back relatively quickly any COVID bailouts and then hopefully we might see dividends reinstated.
Forward p/e seemed to be about 6 pre covid, looks cheap here, expect this could re rate significantly.
Surprise announcement this morning!
(Sharecast News) - G4S said first-half profit would be well ahead of expectations and that it would bring forward its results announcement to the week beginning 20 July.
The security company said its business continued to hold up well during June. Adjusted pretax profit before interest and amortisation (PBITA) and underlying earnings for the first six months of 2020 will be significantly above market consensus, it said.
Onwards now... As countries open... They need our services to monitor and control social distancing... We have strong liquidity and less than 1% impact on COVID-19 on our revenue.
Hopefully this draws a line under historic fraudulent activity and the company has implemented the changes to ensure this never happens again. A little uncomfortable for us shareholders to be reminded of this in the news again but as I say hopefully we can draw a line and go forward from here.
Looks like G4S are in the frame to pick up HMP Wellingborough .... £300m contract.