Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Andit did fall back...good job I bailed
Half expected it to fall back a bit, but pleasantly surprised it held and improved after buying in. A couple of nice trades late afternoon which should help to sustain northward movement: 16:02 - 03/08 Buy 393730 117.00p £460,664.10 16:02 - 03/08 Buy 166942 117.00p £195,322.14
Ditto: Been making good profits regularly apart from ITV, and with my favourites at high levels I had to look around. Saw SRP, evaluated it and albeit I entered at 116 ( up from 113) and missed that first bit of a rise, there is a strong likeliehood of a good rise in the not too distant future....the graph just sticks out like a sore thumb that there is an upward trend since early July. Their order book is in excellent condition, which bodes well for the future.
Turnaround here with target of £2.50
Carillions announcement not good for the sector but good value to be had here IMHO
Slipped on the back of Carillons announcement. Good time to buy in for me.
see some uplift today as yesterdays news makes its way into the financial broadsheets.
Jeffries £1.68p target.Big contract rns today .5 others in the pipeline .
Outsourcer Serco Group PLC (LON:SRP) has been named Preferred Bidder for a contract to run what will be the biggest prison in Australia, with an estimated total value to the firm over a 20-year term of approximately A$2.6bn, or around £1.6bn, based on the current exchange rate. "This is the group's largest contract win since 2012 and is one of six "elephants" sitting within Serco's bid pipeline," said Jefferies analyst Kean Marden, who holds a "buy" rating on the stock http://uk.reuters.com/article/uk-serco-group-australia-idUKKBN16N0VT
Serco Group plc 22% Potential Upside Indicated by JP Morgan Cazenove Posted by: Amilia Stone 17th March 2017 Serco Group plc using EPIC/TICKER code LON:SRP has had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘NEUTRAL’ today by analysts at JP Morgan Cazenove. Serco Group plc are listed in the Industrials sector within UK Main Market. JP Morgan Cazenove have set their target price at 144 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 22% from today’s opening price of 118 GBX
Should see a bounce from here.
Cash at hand ~ £200M Net Debt ~ £100M Assets ~ £2Bn Revenue ~ £3Bn Profit margins may be thin but with low debt, cash in the bank and an already hammered SP (has been 500p+) this should hopefully recover, in the near term back up to ~140-150p
Outsourcer Serco 's (SRP) results showed it isn't out of the woods yet, triggering an 18 per cent decline in the share price on the day. Analysts concluded that the markets had been too optimistic about a recovery in margins, which remained stubbornly immobile. **But there remains some room for optimism. In August, the company raised guidance on underlying trading profit to reach at least £80m, following an earlier raise in May. In the event, this came in at £82.1m, even with the £19m impact from exiting its private sector outsourcing business.
Shame Soames got involved with this albatross of a company
Ditto, lots of work to be done but yes I agree good long term hold ian
Debt outlook up and no meaningful increase in profit growth- looks like another 2 years before we get back to £2+. Topped up - I'm a believer!
Last few updates from Mr Soames have shown incremental improvements to trading and some one-off benefits. I'm looking for growth updates over the next 6-9 months that will push the sp over £1.50 to the £2 range . By then we should be making progress on the free cash flow and reducing debt sharply.....result re rate to my £3 target. Might take till 2018 but everything pointing in the right direction GLA
Hi guys & gals...Hope u lot ok .Things looking good here! We will be £1.50 by year end... Any more predictions ??
Transport for London (TfL) has signed a deal with Serco to develop the next generation of London’s cycle hire scheme, Santander Cycles. The five year contract is valued at £79.7m and Serco will distribute and maintain the hire scheme, while the upgraded bike will be made by Pashley Cycles, a Stratford-upon-Avon firm which celebrated its 90th anniversary this year.
Flatlined for a while now... Will todays news give it a boost...?
All that momentum gathered earlier to bounce the price up hasnt completely dissapeared. Short term profit collectors present here. Imho price will drop to 1.30 before rising back to av levels for today before close once American markets open
Acting firmly, talking cautiously and continuing to move in the right diection. Good.
This stock is definitely on my watch list
Hi guys I've just topped up my holding as this company is well cheap...Just look at mcap