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KRSS reported for cross ramping.

Shares in Serco Group (LSE:SRP) PLC slipped 6% following news that chief executive, Rupert Soams, was to step down.

Russ Mould, investment director at AJ Bell said ““Serco shareholders were disappointed that Rupert Soames is to retire as chief executive next year, which will conclude nine years with the company.”

Mould said “Soames is widely credited as reviving Serco’s fortunes.”

“He restored the outsourcing group’s credibility after the electronic tagging scandal where Serco took responsibility for three offences of fraud and two of false accounting between 2010 and 2013.”

Mould said now “the business has returned to notably better health.”

“Its reputation has improved, debt is forecast to come down and profit is expected to go up, which means Soames can exit knowing he has made a difference.”

Peel Hunt analyst Christopher Bamberry said Soames was “highly regarded.”

But they added his successor, Mark Irwin, was “well known to analysts, having been a regular presenter at results presentations.”

It may have fallen by 10% but it's still up 25% in the last 6 days.

I am positive, that's why I'm 100% invested in the stock market.

However, you have to take account of the negatives, you cannot be blinkered.

No, on average stock markets go up. Long term it has been 10%. Obviously some years it goes down.

If you can time the stock market you are a genius.

I suspect you are not.

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Fender,
On average stocks will go up over a 12 month period.
You cannot predict what the stock market will do in the next 12 months but cash will go down 10%.

I don't agree with a windfall tax.

Energy is needed by everybody in this country. With all our natural resourced we should be self sufficient. It should be nationalised.

I don't worry about anything but you cannot just look at positives, you have to take into account negatives as well.

I have now sold these after holding for 12 months. A very disappointing 43% loss. You can't win them all !

Fender " I was going to say I’ll invest elsewhere but at the mo very happy holding no stock and making a little every day in several savings accnts.."

This is the worst time to be holding cash. With inflation at 10% you are in effect losing 10% by not doing anything.

Deluded ?

The share price has fallen 141p in less than a year, it doesn't seem that unlikely that it would fall a further 35p to 87p.

It all needs to be nationalised. Crazy that something we all need is subject to such wild fluctuations.

We have the resouces to be self sufficient.

Why do we need so many private companies with all those duplicated costs, not to mention all the middlemen, traders, price comparison companies and energy companies that don't actually produce anything.

Absolute madness.

I think he took offence at some of the comments against him.

He's not missed, he was an idiot.

Another good day ?

It's down 9% in the last month.

Not nice.

The simple answer is you do not benefit from the share going ex-divided.

The company value is reduced because it has paid out the cash rather than retaining it to invest or pay down debt.

"surprising how many companies are badly run"

As the American investor Peter Lynch put it "Invest in businesses any idiot could run because someday one will"

"What isn't a falling knife at the moment"

Not much has fallen as much as OCDO, 77% in less than 2 years.

According to Effix it's probably in the 200 - 900 zone.

A bit of a lazy / ignorant question.