Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Serco Group plc    SRP   GB0007973794

News SummaryMost relevantAll newsSector newsTweets 

G4S in talks with shareholders about possible cash call

share with twitter share with LinkedIn share with facebook
share via e-mail
07/14/2013 | 05:40pm CET

British security firm G4S (>> G4S plc) has held talks with large investors about the prospects for tapping them for cash, a spokesman for the company said on Sunday.

British security firm G4S (>> G4S plc) has held talks with large investors about the prospects for tapping them for cash, a spokesman for the company said on Sunday.

G4S CEO Ashley Almanza has ordered a sweeping review of G4S and is expected to announce measures to try and repair its balance sheet when he reports half-year results in August, the spokesman confirmed.

Asked about the possibility of a rights issue, Almanza told Britain's The Sunday Times newspaper: "Shareholders have been asked about this. I will conduct a full review of the business and evaluate the various options, and we have many options. I have not given any signal either way."

His comments follow a difficult week for the company.

Britain said on Friday it would not be awarding any new contracts to G4S and rival Serco (>> Serco Group plc) until they received a clean bill of health from a government review after an audit found they had charged for tagging criminals who were either dead, in prison or never tagged in the first place.

Shares in G4S, which makes around 10 percent of its turnover from British government work, have tumbled 25 percent over the past year amid a series of scandals.

Its reputation was severely hit last year when it failed to provide enough security guards for the London Olympics and a profit warning in May led to the departure of long-serving chief executive Nick Buckles.

(Reporting by Tommy Wilkes, editing by William Hardy)

Stocks treated in this article : Serco Group plc, G4S plc
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on SERCO GROUP PLC
08:48a SERCO : *jpmorgan raises serco group price target to 144 (140) pence - 'neutral'
07:48a SERCO : *rbc capital cuts serco group price target to 110 (125) pence - 'underpe..
02/22 Unilever, Lloyds help FTSE edge higher
02/22 SERCO : slumps as turnaround faces political uncertainties
02/22 SERCO : Cautious On 2017 Amid Threat To Obamacare In US
02/22 SERCO : *liberum cuts serco group to 'sell' ('hold') - target 135 (120) pence
02/22 TOP NEWS : Serco Meets 2016 Guidance As Order Intake Rises
01/18 SERCO : *morgan stanley raises serco group target to 160 (120) pence - 'equal-we..
01/05 SERCO : *exane bnp raises serco group price target to 160 (150) pence - 'outperf..
2016 SERCO : ​Serco trains NATO firefighters based in Germany
More news
Sector news : Business Support Services - NEC
01:09p WIRECARD : Germany's Bafin asks prosecutors to investigate Wirecard share moveme..
02/15 FTSE hits one-month high on stronger financials and miners
02/02 Britain's FTSE sees M&A, commodities-related boost
01/31DJHot Stocks to Watch in the U.S. and Canada
01/30DJBOOZ ALLEN HAMILTON : Revenue Rises; Dividend Raised
More sector news : Business Support Services - NEC
News from SeekingAlpha
02/22 Serco Group's (SECCF) CEO Rupert Soames on Q4 2016 Results - Earnings Call Tr..
02/22 Serco reports FY results
02/22 Serco Group Plc. 2016 Q4 - Results - Earnings Call Slides
2016 CORRECTIONS CORPORATION OF AMERICA : Likely To Lose A Key Contract Worth 16% Of ..
2016 Serco reports 1H16 results
Financials ( GBP)
Sales 2017 3 069 M
EBIT 2017 51,5 M
Net income 2017 36,0 M
Debt 2017 185 M
Yield 2017 0,16%
P/E ratio 2017 42,44
P/E ratio 2018 26,85
EV / Sales 2017 0,48x
EV / Sales 2018 0,47x
Capitalization 1 302 M
More Financials
Duration : Period :
Serco Group plc Technical Analysis Chart | SRP | GB0007973794 | 4-Traders
Full-screen chart
Technical analysis trends SERCO GROUP PLC
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus HOLD
Number of Analysts 16
Average target price 1,41  GBP
Spread / Average Target 19%
Consensus details
EPS Revisions
More Estimates Revisions
Rupert Christopher Soames Group Chief Executive Officer & Executive Director
Roy Alan Gardner Non-Executive Chairman
Edward J. Casey Group Chief Operating Officer & Executive Director
Angus George Cockburn Chief Financial Officer & Executive Director
Mark Mamone Chief Technology & Information Officer
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
ECOLAB INC.5.81%35 890
VANTIV INC9.86%12 818
UNITED RENTALS, INC.22.12%10 797
More Results