Interserve plc

sevenhills

I looked online to see how my investment in Interserve plc was performing, not too good.

https://www.google.co.uk/search?q=interserve+share+price&ie=utf-8&oe=utf-8&client=firefox-b&gfe_rd=cr&dcr=0&ei=BxUTWrvmGouBtgewo5fwDA

They went down to almost zero today, anyone know why. It wont be my first investment that has gone pear shaped. But they hold Government contracts, they cannot go bust

Vortigern

Because Google has retired the portfolio service?

Have you checked the prices elsewhere?

xylophone

http://www.hl.co.uk/shares/shares-search-results/i/interserve-plc-ordinary-10p

Trentenders

Lloyd's and Shell also near collapsed today when I looked on Google Finance. I'm pleased to confirm that they have both since recovered.

bigadaj

sevenhills wrote: »

I looked online to see how my investment in Interserve plc was performing, not too good.

https://www.google.co.uk/search?q=interserve+share+price&ie=utf-8&oe=utf-8&client=firefox-b&gfe_rd=cr&dcr=0&ei=BxUTWrvmGouBtgewo5fwDA

They went down to almost zero today, anyone know why. It wont be my first investment that has gone pear shaped. But they hold Government contracts, they cannot go bust

That's the philosophy that most carillion share holders are following.

sevenhills

Vortigern wrote: »

Because Google has retired the portfolio service?

Have you checked the prices elsewhere?

I hadn't checked; but its the same here.

http://www.hl.co.uk/shares/shares-search-results/i/interserve-plc-ordinary-10p

Rheumatoid

sevenhills wrote: »

I hadn't checked; but its the same here.

http://www.hl.co.uk/shares/shares-search-results/i/interserve-plc-ordinary-10p

Did you click the news tab that gives some clues as to their hammering in the last 4 months? although they are off their lows at the moment:

http://www.hl.co.uk/shares/shares-search-results/i/interserve-plc-ordinary-10p/share-news

R.

sevenhills

Rheumatoid wrote: »

Did you click the news tab that gives some clues as to their hammering in the last 4 months? although they are off their lows at the moment:

http://www.hl.co.uk/shares/shares-search-results/i/interserve-plc-ordinary-10p/share-news

R.

Read that now, but still getting some good contracts, so there is hope.

bigadaj

sevenhills wrote: »

Read that now, but still getting some good contracts, so there is hope.

Having experience in the broader sector then the problem is often they just lose money due to tight bidding.

Working for the public sector can help cash flow but if the contracts themselves aren't profitable then the contracts are of little value.

capital0ne

sevenhills wrote: »

I looked online to see how my investment in Interserve plc was performing, not too good.

https://www.google.co.uk/search?q=interserve+share+price&ie=utf-8&oe=utf-8&client=firefox-b&gfe_rd=cr&dcr=0&ei=BxUTWrvmGouBtgewo5fwDA

They went down to almost zero today, anyone know why. It wont be my first investment that has gone pear shaped. But they hold Government contracts, they cannot go bust

Today it looks more than likely any investments in Interserve will worthless, no one will loan them any money, the Gov won't let them bid for new contracts, subbies are being told to get paid up front as are supplier.

I give them till Xmas, if that.

A private buyer may step in which will make your shares worthless as well.

Basically they have £3bn worth of contracts and only make 2p on every £.

It's just unsustainable.

TBC15

capital0ne wrote: »

Today it looks more than likely any investments in Interserve will worthless, no one will loan them any money, the Gov won't let them bid for new contracts, subbies are being told to get paid up front as are supplier.

I give them till Xmas, if that.

A private buyer may step in which will make your shares worthless as well.

Basically they have £3bn worth of contracts and only make 2p on every £.

It's just unsustainable.

So based on Bitcoin logic worth a punt?