G4S (GFS)

Sector:

Support

Index:

FTSE 250

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

G4S mulling options after Garda World walks away

By Michele Maatouk

Date: Tuesday 07 May 2019

LONDON (ShareCast) - (Sharecast News) - Security services firm G4S confirmed on Tuesday that it had not received an offer from Canadian rival Garda World, which had announced back in April that it was interested in buying the company.
The confirmation followed a statement by Garda World on Sunday in which the group said it did not intend to make an offer for the London-listed company.

G4S said that since the offer period began on 10th April, it has received additional expressions of interest to acquire its cash solutions business and "these will be evaluated alongside the separation review".

"The group continues to focus on its previously announced review of options for the separation of its cash solutions business from the group. Our aim is to establish two strong independent businesses that are able to take advantage of their leading market positions and excellent service offerings for the benefit of customers, employees and shareholders.

"The group is making good progress in its plans to enable it to commence separation of the cash business in the second half of 2019 and our analysis to date has further strengthened our expectation that a separation will deliver significant benefits."

At 1330 BST, the shares were down 2.7% at 210.20p.

RBC Capital Markets said: "We are not overly surprised that no bid was forthcoming given the relative sizes of the businesses, the level of debt on both sides and the lack of potential synergies. As we have previously stated, we believe the best outcome for G4S shareholders would be a sale of Cash Services as this would: a) focus the group on security, and b) reduce debt/pension levels. It is thus encouraging that there are expressions of interest in it.

"That said, we believe there will be limited synergies for any acquirer and we think the structural pressures in the business will limit the valuation achieved."

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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 234.30p
52 Week Low 168.30p
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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