Sharesmagazine
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Share Price   Awards   Market Scan   Videos   Broker Notes   Director Deals   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Indices   Forward Diary   Forex Prices   Shares Magazine   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Comparison Tables   Spread Betting 
You are NOT currently logged in
Register now or login to post to this thread.

Happy with movement (GFS)     

John1925 - 29 Jul 2005 21:51

I am happy with the way matters are moving here.

skinny - 08 May 2013 12:01 - 77 of 136

Yes - there isn't anything endearing atm.

HARRYCAT - 08 May 2013 12:34 - 78 of 136

House broker Cazenove comment:
"Organic growth was 6% (12% in developing and 4% in developed) compared to 6.9% in 2012 and within management’s previous guidance of 6% to 7% for the FY. We forecast 6.8% for the FY.
However, the operating margin is down 0.6%, compared to the 0.1% decline in FY 2012 due a range of factors 1) tough trading in Continental Europe 2) ongoing pricing pressure in the UK & Ireland cash business 3) the cost of new contract start ups 4) £6m of bad debts in the Africa region. The statement refers to ongoing improvement plans but due to costs associated with the closure of 30 prisons in the Netherlands, management expects the 60bp reduction to continue for the FY. We had forecast the margin rising by 20bp but comparability is difficult due to the Olympics impact and the proposed sale of the US Government Solutions business.
Estimates; we currently forecast 2013 EPS of 25.3p, 5% above Bloomberg consensus of 24.2p and 2014 EPS of 27.5p, 3% above consensus of 26.6p. However, comparability is somewhat impacted by the fact that some analysts such as us probably still include the US Government Solutions business which is being sold and this would take 2% off our EPS. We think Bloomberg consensus for 2013 may come down by 7% to 8% post this statement.
Recommendation; today’s news on the margin is disappointing, especially as the organic revenue has continued to hold up well and the shares have been recovering since the Olympic news. It may be that all the bad news on the margin is now out but the shares will probably decline on this. We have an Overweight mainly as we think the shares are cheap for the long term EPS growth they have achieved. G4S trades on a 2014E PER of 11.1x compared to the Business Services sector on 14.7x"

skinny - 08 May 2013 12:54 - 79 of 136

HL lunchtime synopsis has 8.42% sells v 91.58% buys.

skinny - 10 Jun 2013 14:04 - 80 of 136

Bill Gates buys into security firm G4S

LONDON | Mon Jun 10, 2013 1:42pm BST
(Reuters) - Microsoft co-founder Bill Gates has increased his stake in G4S, the world's biggest security firm, which is looking to bounce back from a blunder over its staffing of the London 2012 Olympics.

The Bill & Melinda Gates Foundation Trust and Cascade Investment, an asset management firm owned by Bill Gates - one of the world's richest people - increased their combined holding in G4S to 3.2 percent last week by acquiring around 6 million more shares, G4S said on Monday.

G4S, which runs services such as cash transportation and prison management in over 125 countries, suffered a blow to its reputation when it failed to provide a promised 10,400 guards for the London Games. Following a profit warning in May, its chief executive stepped down last month.

HARRYCAT - 10 Jun 2013 15:46 - 81 of 136



Interesting chart and almost at the 52 week low. Big gap to fill on the way up.

skinny - 10 Jun 2013 15:52 - 82 of 136

edited!

HARRYCAT - 10 Jun 2013 16:10 - 83 of 136

Also edited!

skinny - 11 Jun 2013 08:58 - 84 of 136

At the 240 level again.

Harry - yes it is incorrect - if I could only remember which company I meant to post it on!

HARRYCAT - 11 Jun 2013 09:00 - 85 of 136

Lovely. Might have a few when it falls sub 240p.

(Probably SDY skinny)

skinny - 11 Jun 2013 09:02 - 86 of 136

Yep - already done!

skinny - 11 Jun 2013 09:41 - 87 of 136

240 gone.

big.chart?nosettings=1&symb=UK%3aGFS&uf=

HARRYCAT - 11 Jun 2013 09:52 - 88 of 136

Yes, I saw that. Next target 230p before I take the plunge!

HARRYCAT - 20 Jun 2013 09:34 - 89 of 136

Did you have a punt here skinny? Am still watching but prefer a little lower for entry point.

skinny - 20 Jun 2013 09:36 - 90 of 136

I did and made a whole 5 points.

Now just watching.

HARRYCAT - 21 Jun 2013 11:52 - 91 of 136

Panmure Gordon has cut its rating for security solutions group G4S from 'buy' to 'hold' and slashed its target price from 311p to 252p, saying that the shares are 'finely poised' between the bull and bear cases.

"The new management team clearly have a lot of work to do in order to clean up the portfolio, reduce balance sheet gearing and prove to the market that its medium term margin guidance of 7.0% is achievable," the broker said.

HARRYCAT - 26 Jun 2013 10:31 - 92 of 136

StockMarketWire.com
RBC Capital Markets has upgraded its recommendation on G4S (LON:GFS) to "outperform" from "sector perform" after conducting a scenario analysis on potential investments, disposals and a capital raising. The broker concluded that the market's biggest fear appears to be the debt position of the company, but the scenarios suggest improvement potential at a cost which is not prohibitive. The City broker has left its price target unchanged at 260 pence per share. The shares have fallen in value by around 3 per cent in the past month. Separately, Goldman Sachs repeated its "conviction sell" recommendation, cutting its price target to 194 pence per share (from 200 pence), in a note to investors last week.

HARRYCAT - 11 Jul 2013 13:06 - 93 of 136

I think the brokers might review their opinions now that there is yet another scandal breaking.

http://www.bbc.co.uk/news/uk-23272708

skinny - 11 Jul 2013 13:09 - 94 of 136

I saw the news, but obviously too late.

Chart.aspx?Provider=Intra&Code=GFS&Size=

halifax - 11 Jul 2013 13:36 - 95 of 136

no wonder Buckles took an early bath!

HARRYCAT - 11 Jul 2013 14:04 - 96 of 136

G4S response to the Justice Secretary's statement on the UK Electronic Monitoring contract

G4S notes the Justice Secretary's announcement today and provides the following additional information:

The Ministry of Justice (MoJ) is an important customer and G4S is committed to addressing and resolving the MoJ's concerns as soon as possible.

G4S has co-operated fully with the PwC audit and is committed to co-operating with all audits of current contracts to the full extent provided under those contracts.

G4S has requested full details of the PwC audit findings and looks forward to receiving these in order to address any findings.

The Justice Secretary has confirmed that, following the PwC audit, he has no evidence of any dishonesty in relation to the EM contracts. G4S is conducting its own review, assisted by external advisers, and is not aware of any indications of dishonesty or misconduct. G4S believes that any evidence or indication of dishonesty should be referred to the relevant authorities including, if appropriate, the SFO.

G4S has not received a claim for a refund. Our own review continues and if we identify any evidence of overbilling, then we will reimburse the MoJ as we would with any customer.

Ashley Almanza, Group CEO, G4S plc said:

"G4S is committed to having close and open relationships with our customers and we strive to work in partnership for the mutual benefit of our organisations. We place the highest premium on customer service and integrity and therefore take very seriously the concerns expressed by the Ministry of Justice. We are determined to deal with these issues in a prompt and appropriate manner."
Register now or login to post to this thread.