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From what I can tell Labour be a positive here
https://www.ig.com/uk/news-and-trade-ideas/stocks-and-markets-to-watch-if-keir-starmer-wins-the-general-ele-240523
Do the labour plans for the trains affect serco ?
No - Good steady as she goes. And what fantastic future visibility of income.
Nothing to worry about here!
Was the info about takeover official? I think not
Company would not want to comment on every rumour or fake leak.
It’s quite surprising that they have not commented.
Disappointingly Nothing in the papers/media about serco takeover approach at the weekend. Hopefully an RNS from serco to confirm what happened last year with the approach in the morning....
Huge after hours buys and incredible volume mayhem again - even larger than yesterday
Surprised we ended down on the day after a takeover approach last year even if not active. Surely the talks were on a price north of £2
Left the rest of my holding as it was & hope that's there's no nasty surprises over the weekend or Monday morning.
Yes in principle, but would depend how confidential.
I was wondering whether they could veto it?
Might indicate government unhappy as sort of secret work. Takeover premium then removed
I got partially stopped out, but still got the majority of my stake left which I'm going to have to decide what to do with come close of play. I wonder how the shorter comes into play with all of this?
At least it puts a spotlight on the dismal under valuation of this company !
Days move down square root of zero. So nobody has a clue. It sure cost some people some money
If you look at the balance of trades, one side think the buy out is going to happen while the other side (the sells) think it won't, with a slight edge towards the sells. Strange that neither Serco or the bidder wanted to comment and also that Serco never issued an RNS when they were approached. But then again I'm not sure how these things all work
I'd like to know who's been buying and selling as volume & automatic trades would seem to indicate institutional investors
OK thanks for this Repression . Given the good spread of business / geographies + stable cash flows + current very low leverage = a PE final take out 240-260p realistic. Industrial could pay at least that as well . Would be completley dismayed at anything less than 220p !
Or another comes along
I doubt the bidder is just going to up sticks and vanish.
There should still be a decent upside from the current price.
If that the case then would expect it to be much much higher - I am waiting for this to re rate to circa 220p on fundamentals alone !
News just broke on here, seems there's been talk of a bid
Fully agree Repression ! Not often that I post on any board but I have a large holding in Serco for a number of years so have seen all the ups & downs on this stock but nothing as volatile / strange as this. Have a traded high of 193.50 and low of 164.00 ! If it wasn't for the 'stiff overhead resistance' would say someone building a stake in a very unprofessional way or finally a change in recognition that this stock is massively undervalued by an institutional investor. Curious how this all pans out . If this continues on a near daily basis for a longer period then sure they will have to make some sort of statement.