Tuesday broker round-up
7th Feb 2017 15:10
(ShareCast News) - Cairn Energy: Deutsche Bank upgrades to buy with a target price of 275p. Servelec Group: Berenberg reiterates buy, 391p target. Anglo American: JP Morgan reiterates overweight with a 1470p target. Premier Oil: Deutsche Bank downgrades to hold with a 90p target. Sanne Group: Be
Read moreServelec awarded contract by major UK gas supplier
21st Dec 2016 11:57
(ShareCast News) - UK-based Servelec has been awarded a contract by a major UK gas supplier to provide a remote operations solution for a gas platform in the North Sea by deploying a specially developed Servelec Controls system. "This project marks a significant achievement for Servelec and further
Read moreServelec reports raft of first-half slides
7th Sep 2016 14:36
(ShareCast News) - Healthcare, local government, and energy technology company Servelec Group announced its results for the six months to 30 June on Wednesday, with revenue dropping 5% from a year earlier to £28.4m. The London-listed firm reported underlying operating profit of £4.5m, down 28%, with
Read moreServelec positive on FY outlook
27th Jul 2016 11:47
(ShareCast News) - Technology and software group Servelec is positive on its full-year outlook, noting challenges to date have arisen from timing setbacks rather than any structural change in business environment. The company said it remained in a robust financial position with a strong balance shee
Read moreDirector dealings: Servelec's non-exec dips in after profit warning
16th Jun 2016 15:44
(ShareCast News) - Senior Servelec Group director Roger McDowell has shown his support for the company's prospects after the technology and software group warned on profits on Wednesday. McDowell, a non-executive director for more than two years among his wide portfolio, bought 100,000 shares at
Read moreServelec shares plunge 33% on profit warning
15th Jun 2016 11:58
(ShareCast News) - Shares in technology and software group Servelec plunged a third as it warned operating profits would come in significantly lower than market views for full year 2016, and below that for 2015. The company said it had taken swift remedial action, reallocating resources and reducing
Read moreServelec buys Tribal's children's services business
1st Mar 2016 15:40
(ShareCast News) - Servelec Group has acquired Tribal Group's Synergy children's services management information system business for of £20.25m cash, which it is part-funding with a new bank facility. Using the proceeds to reduce net debt, Tribal, which issued two profit warnings late last year, sai
Read moreTuesday broker round-up
16th Feb 2016 17:53
(ShareCast News) - Mattioli Woods: Canaccord upgrades to buy,640p target and N+1 Singer upgrades to buy with a target of 630p. Connect Group: Shore Capital upgrades to buy. Servelec: invetec reiterates buy with a target of 400p and N+1 Singer keeps at buy, 360p target. Acacia Mining: JP Morgan sta
Read moreServelec rises on upbeat first half, confident with outlook
16th Jul 2015 10:55
(ShareCast News) - Servelec, a healthcare provider of software, hardware and services, said its trading during the first half of the year was in line with expectations thanks to good progress in its health and social care division. The social care business enjoyed contract wins and increased opportu
Read moreServelec Group signs 1m pound contract
28th May 2014 08:25
FTSE Small Cap-listed software company Servelec Group has been awarded a new project worth 1m pounds to provide an updated production control system for the relocation of a power plant. The group's solution will be used for a combined heat and power (CHP) plant which is expected to be moved from th
Read moreServelec Healthcare wins two NHS contracts
20th May 2014 13:42
FTSE Small Cap-listed software group Servelec Healthcare has been awarded preferred supplier status for mental health or community health services under the Camedon framework. The framework is used by trusts currently running under British telecom local service provider RiO, which allows each organ
Read moreWednesday broker round-up UPDATE
12th Mar 2014 09:03
Ashtead Group: Citi raises target price from 850p to 1075p keeping a buy recommendation. Barratt Developments: Goldman Sachs reduces target price from 527p to 502p and downgrades to neutral. British Land: Jefferies downgrades to hold with a target price of 707p. Brooks Macdonald Group: Canaccord
Read moreServelec remains in line for 2013
15th Jan 2014 13:39
Software group Servelec, which was hailed as London's largest tech float in three years when it joined the Main Market in December, has confirmed its calendar year results remain in line with expectations. The FTSE Small Cap group, whose business is divided into healthcare and automation divisions
Read more