Serco Group (SRP)

Sector:

Support

Index:

FTSE 250

175.10p
   
  • Change Today:
    -2.30p
  • 52 Week High: 193.10
  • 52 Week Low: 143.00
  • Currency: UK Pounds
  • Shares Issued: 1,038.42m
  • Volume: 7,864,471
  • Market Cap: £1,818.28m
  • RiskGrade: 174

Sunday share tips: Futura Medical, Serco

By Alexander Bueso

Date: Monday 17 Jul 2023

LONDON (ShareCast) - (Sharecast News) - The Sunday Times's Lucy Tobin told readers that shares of Futura Medical were worth a punt, even if there were no guarantees of a happy ending.


Although the company had just 14 staff and directors, it had a new product that worked, Eroxon, a gel for those suffering from erectile dysfunction, which did not require a prescription in order to be sold.

Given that the market for ED was expected to surpass $6bn in value by 2032, the business's future looked appealing.

And unlike rival products Viagra and Cialis, both of which required a prescription, Eroxon took just 10 minutes to work, not half an hour.

The company was expecting approval for Eroxon in Saudi Arabia in September and was working on having a US partner for commercialisation which would likely a surge in the share price.

"There are no guarantees of a happy ending, but it's a worthy punt. Buy."



The Financial Mail on Sunday's told readers to 'buy' shares of Serco, although it conceded that risks were not absent.

The outsourcer was well-placed to benefit form government outlays on immigration and defence in many regions of the world, the tipster argued.

On the flip-side, there were multiple potential risks.

For starters, making up the loss of Covid-related work "wasn't always easy".

Furthermore, the possibility existed that it might lose the Australian immigration contract that was up for renewal in 2023.

Serco also had a tendency to work in "high-profile" and "controversial" areas, including on immigration which in the past had led to scandal and had an extremely negative impact on its share prices.

"There's no suggestion that the current management is likely to lead the company into any problems like this though, since former chief executive Rupert Soames is credited with shaking out any problems at the business, leaving it in stronger shape.

"At 156p, the shares are a buy."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Serco Market Data

Currency UK Pounds
Share Price 175.10p
Change Today -2.30p
% Change -1.30 %
52 Week High 193.10
52 Week Low 143.00
Volume 7,864,471
Shares Issued 1,038.42m
Market Cap £1,818.28m
RiskGrade 174

Serco Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
77.04% below the market average77.04% below the market average77.04% below the market average77.04% below the market average77.04% below the market average
51.11% below the sector average51.11% below the sector average51.11% below the sector average51.11% below the sector average51.11% below the sector average
Price Trend
30.02% above the market average30.02% above the market average30.02% above the market average30.02% above the market average30.02% above the market average
7.07% above the sector average7.07% above the sector average7.07% above the sector average7.07% above the sector average7.07% above the sector average
Income
39.49% below the market average39.49% below the market average39.49% below the market average39.49% below the market average39.49% below the market average
18.64% below the sector average18.64% below the sector average18.64% below the sector average18.64% below the sector average18.64% below the sector average
Growth
4.39% above the market average4.39% above the market average4.39% above the market average4.39% above the market average4.39% above the market average
Sector averageSector averageSector averageSector averageSector average

What The Brokers Say

Strong Buy 6
Buy 3
Neutral 2
Sell 0
Strong Sell 0
Total 11
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Serco Dividends

  Latest Previous
  Interim Final
Ex-Div 29-Aug-24 18-Apr-24
Paid 04-Oct-24 10-May-24
Amount 1.34p 2.27p

Trades for 31-Oct-2024

Time Volume / Share Price
16:58 499 @ 176.31p
16:58 10,840 @ 176.31p
16:58 5,023 @ 176.31p
16:58 9,833 @ 176.31p
16:58 876 @ 176.31p

Serco Key Personnel

CEO Mark Irwin

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