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Agree GL, thats why have taken a stake today. Brokers are looking for @180, but I think that may be conservative(no pun) in the choppy waters ahead for the economy. 140 seemed a good entry point, with probable dividends in the next year or so.
Serco make a fortune out of the unemployed, prison services and immigration. 3 massive growth areas in the UK. Headed up by a well known Conservative, another growth area
SRP VS CPI - I think CPI might be a better buy than SRP. CPI has just won a new contact for £355 with TFL.
Your assumption is correct.
If you are invested in Serco then I take it you are already aware of what Serco are involved in. I take it you are not invested here then Hully ?
https://www.facebook.com/nigelfarageofficial/videos/2830134373757128
This is what Serco are involved in. Makes my blood boil.
Understand the point D0berman, sorry didn’t mean for it to sound like I was having a go. Personally I don’t think that’s it ... I think not reinstating the dividend hasn’t helped, guidance for the full year is still on a wider range than normal and there has been no guidance at all for 2021 which is probably causing nervousness. Dividend reinstatement is not being considered again until Q4. On that basis there is probably better investments around in the short term. I still think the drop is rather harsh however considering such strong performance in the current climate.
People asked why the drop in SP - could this be the reason - that's all I'm saying.
Mike Graham is an absolute moron and doesn't know what he's talking about ... he didn't even know that government contracts were tendered for. Who listens to that **** !!
talkRADIO’s Mike Graham has strongly criticised Serco, the private company that works with the government to house asylum seekers.
“I’m already sick to death of Serco, I’d quite like to see them absolutely torn down from that hideous little pedestal they think they stand on taking public money for doing the square root of nothing except for ruining our country.”
why is serco down? great rns
Combing through the fallers.. Expected to read a bad RNS. Why exactly is this down 15%? Opportunity knocks..
Well I’ve bought back in
anyone know why this share is dropping like a sack of potatoes when receiving such good results. Is it a good time to buy?
shares sold during the year mainly relate to settling of tax liabilities for awards of shares under various performance plans.
IF these shares are so good, why are the directors only selling and not buying the shares?
Agree that good results. I guess the drop is over exaggerated by those expecting an immediate restitution of dividend announcement selling up?
Definitely one to tuck away for 6 months and then take stock of situation. Wish I had spare spondoolicks to buy on this dip, but alas, no.
I bought in this morning for a small 20k chunk at 152.6p - mental this drop on these great financials, expecting a big turnaround this afternoon/tomorrow.
Very good...debt reduction, profits increase, not going to use the govt relief schemes for Covid....SP plummets by 10%.
How does that make sense ???
I can't pick shares to invest in based on those criteria ?
very good results
...hopefully will show how they have done less badly than others through the COVID period.
back down to .4p now!
is quite ridiculous IMHO.
https://www.google.co.uk/amp/s/www.proactiveinvestors.co.uk/companies/amp/news/922094
Highlights of expected first half performance
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Revenue growth of around 23%, including organic growth of 14%.
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Underlying trading profit of £75m-£80m, around 50% higher than the first half of 2019, driven primarily by our overseas businesses including the impact of the acquisition in August 2019 of the Naval Systems Business Unit of Alion in North America.
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Significant operational challenges as a result of Covid-19 but limited financial impact in the first half, as the losses in some parts of the Group have been largely offset by additional work to help our customers elsewhere.
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Strong order intake of around £1.8bn; book-to-bill ratio expected to be around 100%.
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Robust financial position with headroom on our committed facilities expected to be at least £300m at 30 June; adjusted net debt expected to be around £200m, and leverage around 1.0x.
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Reinstating guidance, reflecting the resilience of our business as a supplier of critical services to governments globally.