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Today we are going to look at Serco Group plc (LON:SRP) to see whether it might be an attractive investment prospect...
We think intelligent long term investing is the way to go. But that doesn't mean long term investors can avoid big...
A “sell” rating means analysts expect share prices to fall. Additional ratings allow analysts to make more specific recommendations. “Strong buy” is the rating analysts use for stocks they ...
Serco, through a purpose-made division Serco DES, holds a ten-year, $114 million contract with the Ministry of Transportation of Ontario to operate Ontario's DriveTest driver examination centres. These tests include vision, road, and knowledge tests for all persons seeking to become a licensed automobile driver in the province.
Serko was founded in 2007 by Darrin Grafton and Robert Shaw, based on a previous business idea. In 2012 Serko received a $2.3 million NZD grant from Callaghan Innovation, [5] the R&D investment arm of the New Zealand Government, and commenced an international expansion, opening a development office in Xi'an, China.
Today, we announced that we have signed an agreement to sell the business to Serco Inc. for $327 million, and we forecast this transaction to close toward the middle of the year.
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Generally, the most senior employees own a majority stake and represent the leading voice in the company that employs them. They may be required to sell back the shares upon leaving the company. A number of countries have introduced tax advantaged share or share option plans to encourage employee share ownership.