Interserve, the newly named Tilbury Douglas, looks a good bet . Knock out the one-offs and profits...
Interserve, the newly named Tilbury Douglas, looks a good bet . Knock out the one-offs and profits rose 32% to £41.m. Margins increased in all three divisions construction, equipment services and support services. Next year £77.1m acquisition Building & Property contributes for the first time and with £2.6bn of private finance initiative work in the bag, and tenders out on another £700m, this year should see further improvement. Brokers have pencilled in EPS of 35p for 2001. A forward P/E ratio of 16 looks good value.
Regtech or fintech
Underperformance still present – for now
15% increase in number of claims paid
Open architecture philosophy
Inflation above 2% for first this this year