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Wont be much of a tick up after Panorama tonight
now coming in , could we see a tick up , has been good to see more sellers clear
was hoping for more buyers and less sellers , hoping when the sellers cleared may then see a tick up
Mjolnir, we should really be seeing 300+ at least.. Weaker commodities are bringing the FTSE down and also bringing down this share too because of auto algorithms in place by big holders. The only negative thing actually directly effecting G4S is the 45m rightdown on the value of its British government contracts and the CEO saying 'very long way to go'... However good results show this is moving in the right direction, short term 300+ in my opinion. See a bounce back to 295 region very soon.
Anyone think this is a possibility in the immediate short term
G4S writes off £45 million for asylum deal as it swings back into profit: G4S showed it’s suffering from the Government’s struggles with border control as spiralling numbers of asylum seekers contributed to the scandal-struck security giant being forced to set aside £45 million to pay for state contracts
RE; INCH Very short term it should keep rising, needs to confirm this to prevent the daily - weekly going sideways. I personally will just watch this one.
Hmmmm I was mulling this one over. What do you make of Inchcape Corlis?
Final results on Tuesday. looks like a buy!.
Shares in G4S were hit by an elaborate hoax over the group's finances, the Daily Telegraph reported. On Wednesday, the firm issued an encouraging trading update, only for a fraudulent statement to be emailed to journalists suggesting that the FTSE 100 company had discovered accounting errors and would restate its financial statements. Having climbed over 5% in the morning, G4S shares became volatile after the contents of the false statement were released on Twitter in the afternoon.
Theyve won the contract which is positive... lets hope they can keep it and not find themselves in a situation where they are paying them for not completing the contract...
Contract wins help G4S stage comeback The world’s biggest security company wins £1.2bn of new work in the first half amid an overhaul after being shaken by a series of scandals
G4 about to lose the Hamad International Airport security contract in Qatar to WSG ?? Anyone got any views on when ?
I'm a recent investor I do think thre are good prospects
Agreed it might, but first I think they need a few bits of positive news to get this share moving again, but even then I think it will only move at a snails pace, which is fine by me as long as its heading upwards.
Been very quiet on here since 6/11/13 Now could be the time to buy.
Positive Points: The relatively new Chief Executive has announced a number of initiatives, including increased investment in customer services and the sale of non-core businesses. A number of non-core businesses have been sold, with the group highlighting "35 businesses to grow, restructure or recycle capital." An increased focus on disciplined financial management is also being adopted. The group's balance sheet has been strengthened through the placing of up to approximately 140.9 million new ordinary shares representing up to 9.99% of the company's existing issued share capital. Management previously noted that "balance sheet repair is required to reduce the current high level of gearing (Net Debt/EBITDA of 3.2x at 30 June 2013) in order to provide greater flexibility to invest in the business and to reduce the risk of a credit downgrade and its associated cost." Developing or emerging markets grew on an organic basis by 14% for the nine month period. Despite the Olympics fiasco, the company commenced new contracts of £200 million annual value with the UK government during 2012. Management changes have been made. The appointment of Adam Crozier of both Royal Mail and ITV fame was previously announced. Ashley Almanza, former CFO of BG Group is now the group's Chief Executive, whilst the newly announced Chief Financial Officer has come from Misys and has previous experience at both BT Group and Logica. The half year dividend payment was held. G4S is a major global security company, with operations in more than 115 countries.
Negative Points: Management announced investment of between £15 million and £20 million in customer service and generating organic growth - a likely drag on earnings during the next financial year. The company highlighted "challenging market conditions in Europe and lower US federal government spending which has affected our secure solutions and systems businesses." On 4 November, the UK government's SFO notified the company that it opened an investigation into the provision of electronic monitoring services which commenced in April 2005. In the wake of the Olympics fiasco, the company's reputation has arguably been damaged. The Olympics problems dominated the 2012 full year results. "The proposed closure of 30 prisons and other cost reductions by the Netherlands Ministry of Justice will have a significant negative impact on the group's Dutch business which provides staff to the prisons" management previously noted. The company is exposed to foreign exchange risk.
Trading and strategy update: The news failed to inspire, with the share price down over 3% in early stockmarket trading. Whilst trends from the first half of 2013 had broadly continued into the third quarter, additional investments announced going forward were considered by analysts to provide a likely drag on earnings during the next financial year. Management announced investment of between £15 million and £20 million in customer service and generating organic growth. Furthermore, the strategic update provided no surprises in terms of speculated business disposals. Nonetheless, the board had identified 35 businesses to grow, restructure or recycle capital. Increased disciplined financial management is being adopted, whilst management noted that "the global security market has strong structural growth characteristics. According to Freedonia 2013, the global security market is expected to grow 7.3% between 2011 and 2016 with high single digit/double digit growth in emerging markets where G4S has a unique established position" - the company's emerging markets businesses currently accounts for more than 40% of group profits. In all, tough trading conditions in Europe and the US, along with uncertainties such as the UK government's investigation into the provision of electronic monitoring services, currently weigh against management initiatives and growth generated in the emerging markets,
g4s cash solutions are to shut 6 uk branches
Charterhouse lining up funding to purchase G4S unit Mon, 21st Oct 2013 12:48 London-based Charterhouse approached banks and its investors over financing a possible 1bn pound deal to buy G4S' cash-solutions business unit, according to three people familiar with the matter who asked not to be identified because the talks are private. G4S, the world's largest security-services provider, is aware of the proposal and discussed the sale option internally, said one of the people, according to Bloomberg News. Shares of the company are now rising by 3.72% to the 251p mark and were at the top of leader-board as of 12:48.
why up 4 % today ??????
G4S: Exane moves target price from 240p to 260p staying with its neutral rating.
Hi if I was in G4S yesterday would I be entitled to the rights issue ?