CSV provides office services - they flagged a downgrade 3months ago. I would have thought what drives SRV is very similar to what drives CSV. I'm worried that SRV was sitting on bad results for a long time. This probably was not a hard outcome to predict if you followed this sector (I don't). Open up the papers and you read about gluts of office space. Hence again why I don't understand how they have only released the guidance update now.
Blaming the US is odd. Just opened the Annual report (pages 41-45) and the US was only a small part of the revenue last year. SE Asia would also appear to be small potatoes. I don't mind the increased dividend, the cash balance is very healthy. But they need to start using it wisely.
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- Ann: Profit Guidance
SRV
servcorp limited
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$5.85

Ann: Profit Guidance, page-4
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Last
$5.85 |
Change
-0.120(2.01%) |
Mkt cap ! $579.7M |
Open | High | Low | Value | Volume |
$5.97 | $5.97 | $5.80 | $225.9K | 38.47K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 858 | $5.84 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.97 | 360 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 858 | 5.840 |
2 | 8435 | 5.820 |
1 | 500 | 5.800 |
1 | 3477 | 5.750 |
2 | 310 | 5.700 |
Price($) | Vol. | No. |
---|---|---|
5.970 | 360 | 1 |
6.060 | 330 | 1 |
6.090 | 18269 | 1 |
6.100 | 5000 | 2 |
6.200 | 3000 | 2 |
Last trade - 16.10pm 07/08/2025 (20 minute delay) ? |
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SRV (ASX) Chart |