Ann: Change in substantial holding, page-7

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daicosisgod

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23/08/21

16:02

Post #: 55503959
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Originally posted by Hopeful9 ↑

Australian lockdowns must be a continuing negative. This hasn't improved since a previous post of mine on 6 August.

As we're almost at the end of the world (NZX, where SRV has minimal presence, is arguably that), we need to consider the worldwide coronavirus situation, not just 'doom and gloom' Oz's. daicosisgod is correct to consider overseas locations as key.

In August 2020 when the FY 20 report was released, SRV occupied 10 levels (perhaps not all of each one?) in Sydney, three in Melbourne and two each in Canberra and Brisbane.

While Brisbane has emerged from lockdown, the other three have not. If I am not too affected by macular degeneration, Sydney was second only to Tokyo a year ago in the number of floors SRV wholly or partly occupied.

If there is a silver lining, from what one reads and hears from friends, life is returning to normal in much of Asia, Europe, the UK and USA, so while SRV had to downsize in the USA due to lack of profitability (and presumably Mr Alf perceiving 'no light at the end of the tunnel'), it has fairly substantial presence in about 41 countries if one includes the Middle East.

Interesting that it lacks a presence in South Africa, elsewhere in Africa or in South (or Central) America. Alf knows best so one wouldn't quiblle with what over many years appears to be his superb business judgement.

I suspect he's the classic sort of businessman who's really pleasant to others so the latter largely like dealing with him. They can trust him at his word.

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When I recently came back into SRV what I had not noticed was that Fidelity has since Mar'21 increased its shareholding.

In early August Fidelity lodged a change in substantial holding notice. Fidelity now controls 9.6% of the issued capital of Servcorp.

SRV Price at posting: $3.58 Sentiment: Buy Disclosure: Held
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Last $5.70		Change -0.060(1.04%)		Mkt cap ! $564.9M

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1	500	5.550
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Price($)	Vol.	No.
5.710	104	1
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