G4S (GFS)

Sector:

Support

Index:

FTSE 250

208.00p
   
  • Change Today:
      3.50p
  • 52 Week High: 234.30
  • 52 Week Low: 168.30
  • Currency: UK Pounds
  • Shares Issued: 1,545.19m
  • Volume: 4,575,581
  • Market Cap: £3,213.99m
  • RiskGrade: 118
  • Beta: 1.18

G4S Q1 revenues rise, hails good start to 2019

By Michele Maatouk

Date: Tuesday 16 Apr 2019

LONDON (ShareCast) - (Sharecast News) - Security services firm G4S, which recently became a takeover target for Canadian rival GardaWorld, reported a jump in first-quarter revenue on Tuesday as it hailed a positive start to 2019.
First-quarter revenues were up 4.8% from the same period a year ago, with 4.9% growth in Secure Solutions and 4.4% in Cash Solutions.

Within Secure Solutions, growth in Africa and the Americas was 9.3% and 8.5%, respectively, while revenues in Asia pushed up 3.4% and EMEA returned to growth with revenues up 1.1%.

Meanwhile, the company's market-leading North America Retail Cash Solutions business saw revenue grow by more than 30% as it launched a new retail software and service solution for the multi-store small-box retail segment where it sees an "exciting opportunity" to enhance the efficiency and control of cash management for customers.

Chief executive Ashley Almanza said: "Our sales wins in the second half of 2018 provided a good start to 2019 and the group's revenues were 4.8% higher than the first quarter of last year, with growth in all regions and divisions. This momentum, together with growing technology-enabled services in both our cash and security businesses, underpins a positive outlook for the group.

"We continue to make good progress with our separation review with the aim of establishing two strong, independent businesses that are able to take advantage of their market leading positions and excellent service offerings for the benefit of customers, employees and shareholders. The Board believes that a separation has the clear potential to unlock substantial shareholder value."

G4S made no reference in the update to confirmation last week from Canadian rival GardaWorld that it was in the preliminary stages of considering an approach to the company regarding a possible cash offer.

RBC Capital Markets analyst Andrew Brooke said: "We continue to believe G4S has a strong market position in an industry with some structural drivers and enjoys a competitive advantage from its ability to integrate services and from its technology capabilities.

"However, the company has not delivered (share price or EPS momentum) over the last five years and we continue to believe debt levels are too high. Whilst a potential Cash Services separation would focus the group, we are not convinced it will create value. We remain at sector perform."

At 0810 BST, the shares were up 0.3% at 230.70p.

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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.

 

G4S Market Data

Currency UK Pounds
Share Price 208.00p
Change Today 3.50p
% Change 1.71 %
52 Week High 234.30
52 Week Low 168.30
Volume 4,575,581
Shares Issued 1,545.19m
Market Cap £3,213.99m
Beta 1.18
RiskGrade 118

G4S Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
20.90% above the market average20.90% above the market average20.90% above the market average20.90% above the market average20.90% above the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average
Price Trend
12.83% below the market average12.83% below the market average12.83% below the market average12.83% below the market average12.83% below the market average
22.22% below the sector average22.22% below the sector average22.22% below the sector average22.22% below the sector average22.22% below the sector average
Income
68.00% above the market average68.00% above the market average68.00% above the market average68.00% above the market average68.00% above the market average
67.06% above the sector average67.06% above the sector average67.06% above the sector average67.06% above the sector average67.06% above the sector average
Growth
45.09% below the market average45.09% below the market average45.09% below the market average45.09% below the market average45.09% below the market average
43.59% below the sector average43.59% below the sector average43.59% below the sector average43.59% below the sector average43.59% below the sector average

What The Brokers Say

Strong Buy 8
Buy 0
Neutral 5
Sell 0
Strong Sell 0
Total 13
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

G4S Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Sep-19 02-May-19
Paid 11-Oct-19 14-Jun-19
Amount 3.59p 6.11p

Trades for 12-Dec-2019

Time Volume / Share Price
16:38 235,991 @ 208.00p
16:38 300,000 @ 208.16p
16:35 2,370,274 @ 208.00p
16:29 2 @ 208.50p
16:29 573 @ 208.50p

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