This company seems to be getting good size orders, pays dividend and sp climbing.

Company website
Financial report 2010





TRADING UPDATE

0.5bn OF CONTRACT WINS

Interserve, the international support services and construction group, today
provides an update on trading in advance of its annual results announcement on
9 March 2011, including contract wins worth around 0.5 billion.

Highlights

* Strong second half, trading in line with expectations

* Further contract wins across key sectors and geographies

* Strong cash performance

Trading Performance

Overall, trading is in line with the Board's expectations, delivering a
stronger performance in the second half of the year as compared to the first
half. Despite the near-term public sector spending environment the Group
benefitted from good progress achieved in the Support Services margin
enhancement programme and excellent trading in Project Services.

The Group secured over 1.5 billion of new work in 2010, contributing to a
future workload of over 5 billion, of which around 1.5 billion relates to
2011.

Contract Wins

In recent months Interserve has won a number of contracts in the UK and across
the Middle East with a combined value of around 0.5 billion, including:

* UK:

- School construction and facilities management contracts with St Helens
Council and Sandwell Metropolitan Borough Council, with a combined
whole-life value of around 170 million;

- Two major hospital development contracts in Birmingham and Cardiff worth
55 million;

- Selection as one of the contractors on the 1.5 billion Northumbrian Water
framework contract;

- Private sector support services contracts across the commercial, industrial
and power sectors worth around 36 million (including contracts with
William Hill, BNY Mellon and Alstom);

* Middle East:

- Construction contracts in Doha in the education and commercial sectors
worth around 68 million;

- Three multi-year petrochemical services contracts in Qatar with RasGas,
Total and QVC, with a combined whole-life value of over 30 million;

- A fit-out contract at the Sofitel Resort Palm Jumeirah hotel in Dubai worth
around 30 million;

- Road improvement contracts in the northern emirates of the UAE worth around
18 million;

- Construction contracts in Oman in the power and petrochemical sectors worth
20 million;

- A three-year services contract with the UK Ministry of Defence at Musanah
air base near Muscat.

Support Services

Support Services has advanced significantly in the second half as compared to
the first half due in large part to the good progress made in improving
profitability in our outsourcing operations. Consequently, there has been a
marked improvement in the division's operating margin during the second half.

We continue to engage in constructive discussions with the UK government on how
we can support its cost-savings programme. As previously anticipated, whilst
this process may result in some near-term volume pressure it is leading to a
streamlining of procurement processes which, given the division's substantial
future workload of around 4 billion (with 0.7 billion relating to 2011) and a
healthy opportunity pipeline, is expected to drive growth in the coming years.

Project Services

The division has delivered excellent above-trend results, both in the UK and
Middle East, as we executed the significant contract portfolio developed in
recent years.

International future workload remains robust and recent contract awards in
Qatar, the UAE and Oman help provide solid revenue visibility for 2011. Future
workload in the UK amounts to some 1 billion, of which over 0.5 billion
relates to 2011. We are continuing to target new sectors, such as energy and
retail, in order to mitigate to some extent challenging near-term market
conditions.

Equipment Services

The division has continued to experience cyclical weakness in infrastructure
spending in most of its markets. In particular, there was a pronounced slowdown
in work in the UAE as compared to the buoyant activity levels we experienced in
2009, although in recent weeks there have been encouraging signs of a pick-up
in market activity in Abu Dhabi. Our Australian business has continued to trade
well during 2010 and our new operation in Saudi Arabia, where the market
opportunity remains exciting, is gaining momentum.

PFI Investments

Following the financial close of the St Helen's schools programme in December
the Group now manages a portfolio of 21 financially-closed projects, of which
13 are operational. These assets represent a significant investment commitment
of more than 50 million, around half of which has already been paid.

Financial Position

Cash conversion in the second half has been strong, resulting in a net debt
position similar to 30 June 2010 (net debt: 53.1 million). This has been
achieved even after allowing for acquisitions in the US and India in the second
half, totalling some 27 million.

With committed facilities in place until late 2013 of 250 million, the Group
has a strong financial position with significant capacity to drive further
growth.

Outlook

We anticipate that trading conditions in 2011 will be stable compared with
2010. We expect our margin enhancement programme in Support Services to
continue to deliver improving performance which, in combination with a
resumption of growth in Equipment Services, should mitigate our expectations of
tougher trading conditions for Project Services following its strong
performance in 2010.

During 2010 the Group extended its already significant international reach, via
investments in a construction business in India, a services company in Oman and
an equipment services business in the USA and we now have operations in 30
countries. In the UK we expect substantial opportunities in the coming years as
the government seeks to effect structural changes in public service delivery
and social infrastructure investment.

Accordingly, despite the uncertainties around the near-term impact of changes
to UK public expenditure plans, our substantial future workload; our
international footprint and opportunities in UK outsourcing, continue to
provide a platform for long-term growth at attractive margins.

Old Mutual Plc > 7%

IRV Interserve PLC, very cheap,historic 2013 P/E 20.6, 2014 P/E 11.7, 2015 P/E 9.7, very low PEG. EPS inc 76% 2014.

StockMarketWire.com
International support services and construction group Interserve saw strong growth and strategic progress in the year ended 31 December.

The company also announced that non-executive chairman Lord Blackwell intends to step down no later than the 2016 annual general meeting.

Revenues rose by 33% to £2,913.0m (organic growth of 10%) and headline total operating profit increased by 35% to £117.2m organic growth of 9%).

Headline earnings per share rose by 23% to 58.8p (organic growth of 14%) and the recommended full-year dividend of 23.0p is up 7% on last time.

The group also reports record future workload of £8.1bn, up 26%.

Chief executive Adrian Ringrose said: "2014 was a landmark year for the business in which we advanced our strategy and delivered 35 per cent operating profit growth including strong organic growth despite continuing challenging conditions in a number of our markets. We made two strategic acquisitions (Initial Facilities and the Employment & Skills Group), each of which deepened our presence in core outsourcing markets.

"Our focus on providing high quality services to both new and existing clients resulted in strong work winning during the year, with our future workload rising 26 per cent to a record £8.1 billion.

"Looking to the future, we are encouraged by the growth potential of the business. Our attractive positioning in our core markets and our ability to identify, invest in and deliver on attractive project and corporate opportunities is a powerful differentiator."

StockMarketWire.com
Interserve, the international support services and construction group, has made a good start to the year, securing a number of significant new contracts which further strengthen its future workload, an update ahead of today's annual general meeting says.

Chief executive Adrian Ringrose comments: "We have had a good start to the year, securing a number of significant new contracts which further strengthen our future workload. Our main international markets in the Middle East are improving whilst UK construction margins remain tight. Expectations of the Group's performance continue to be in line with the Board's guidance."

StockMarketWire.com
Interserve, the international support services and construction group, has been served notice of termination on its Glasgow recycling & renewable energy project, one of a number of contracts in its exited energy from waste business.

Interserve says it is assessing the implications of this development with its legal advisers and will issue a further update in due course.

Looks like the updates are very negative.

crikey!
it'as bad enough that i hold BVS, but i know one "friend" who has these as well

this looks pretty terminal

Sorry to hear about woes on BVS and this one.

I'm trying to work out what a fair entry price would be but I can't.

I can't see 220 holding over the medium term.

a better thought may be to determine a price to short

Well given that it was 220 on the first set of news on energy to waste plant and now the costs have exploded I would suggest something sub 200 is required as a good long entry point. Right now I don't know what that sub 200 figure is? 180? 150? I'll need to take a careful look at their accounts

Not looking good. Back to 220 now, down 4.1% and selling continuing.

as i wrote in #49

Berenberg Hold 217.88 330.00 260.00 Reiterates

Farringdon Capital Management as discretionary investment manager on behalf of multiple managed portfolios

Buys 5,462,252 3.75%

79.50p+5.75p

bouncing today
Spouse of director CEO buying shares today,
and yesterday institution increasing stake to 15% from 10%.

Bounce back or cat bounce?

tell you next time
But I bought some too

93.25p +11.75p

Mark Whiteling appointed as Chief Financial Officer of Interserve Plc

Interserve, the international support services and construction group, announces today the appointment of Mark Whiteling as Chief Financial Officer with effect from 1 October 2017, at which point he will also join the Interserve Plc board. Mark is a non-executive director of Hogg Robinson Group Plc, where he is the Senior Independent Director, chairs the audit committee and sits on the remuneration and nominations committees and of Connect Group Plc, where he chairs the audit committee and sits on the remuneration and nomination committees.

Mark has considerable listed company experience having held Deputy and Interim Chief Executive and Chief Financial Officer roles in Premier Farnell Plc prior to its take-over by Avnet, and Finance Director of Communisis and Group Finance Director of Tibbett and Britten.

Mark started his career with Coopers and Lybrand in New Zealand before moving to the USA and joining Smithkline Beecham where he held a number of finance roles again in the UK and the USA. He then moved to Enodis as Director of planning & control and later Chief Financial Officer, Europe and Rest of World.

-

95.50p +14.00 (+17.18%)

2 Holding RNSs out.

and both have increased their holding on the 14th

me holding tight on Friday purchase

Lets hope its not another case....

96.75p +15p (+18.40%)

Another director buying today Glyn Anthony Barker, group Chairman
62,500 shares
@ 89.714p

99.875p +18.50 (+22.70%)

more buying by directors now 3er
Gareth Maitland Edwards - Non-Executive Director

21,350 shares @ 98p today