Capital Strategy and Allocation Group
Content
The Capital Strategy and Allocation Group was set up to approve a method of allocation and bid prioritisation. Bids could then be reviewed against available resources using an agreed allocation framework. It also undertakes regular monitoring of the Council's capital projects. Membership of the Group is drawn from the Cabinet. This group is not open to the press and public.Considering the importance of the decisions it makes, it is somewhat disappointing that the great unwashed are excluded - especially when the spending of millions is regularly considered.
They will be meeting this coming Wednesday 26th September - and will again be looking at the regular feature of the relocation project:
http://www.eastdevon.gov.uk/media/2575719/meeting-schedule-matrix-201819.pdf
The last meeting of the CSAG on 11th July considered the project, including 'weather related delays'. The 'notes' below will probably make up the agenda item for Wednesday's meeting:
Office accommodation project
Project Update
Timeline for project completion had shifted to mid to late January, due to weather related delays.
Main points covered:
Internal walls and first fix underway
Recent topping out ceremony
No reportable accidents on site since project commenced
Permission granted for access road
Completed defects correction work at Exmouth Town Hall
Financial Position
Expenditure, including accruals, to 31 May 2018 totals £6,359,499 of total budget £10,586,000.
Interserve’s share price continues to be monitored
EAST DEVON DISTRICT COUNCIL - Report of a meeting of the Capital Strategy and Allocation Group held inThe Council Chamber, Knowle, Sidmouth - on Wednesday, 11 July 2018
Perhaps it does make sense to 'monitor' the builder at Honiton:
Futures Forum: Knowle relocation project: how vulnerable is Honiton HQ builder?
As suggested by investors in the City earlier this month:
Is there any way back for Interserve plc after 62% fall in 1 year? - Investomania
And again this week:
Is the Interserve plc share price cheap for a reason?
DOES INTERSERVE PLC (LON:IRV) (IRV.L) LACK INVESTMENT APPEAL AT THE MOMENT?
The investment prospects of Interserve plc (LON:IRV) (IRV.L) remain uncertain in my view. The company is forecast to post a significant fall in EPS in the current year, and this could hurt investor sentiment in my view.
The company’s performance could be negatively impacted by tough trading conditions. Although it has what I consider to be a sound strategy that is focused on reducing costs, I believe that it could take time for it to implement a successful turnaround.
Clearly, the company has the potential to win new contracts. But I believe that it may take a period of improved financial performance for investor sentiment to improve. The stock has a forward P/E ratio of around 10 according to my research, and this suggests that it may be relatively unloved by investors at the moment.
With Interserve having a considerable amount of debt on its balance sheet at the moment, I believe it could be a relatively risky stock to hold. Interest rates are forecast to increase over the next couple of years, and this could squeeze its profitability to at least some extent. It may also hurt investor sentiment and cause further share price declines.
After a 42% share price fall in the last year, I think that the company could see its valuation come under further pressure in the short term. Although Interserve’s current strategy could lead to improved financial performance in the long run, the company may have an uncertain near-term future ahead of it.
Therefore, it’s not a stock that I’m bullish about. I believe that there may be better opportunities across the FTSE All-Share for me at the moment. Even though share prices in general are relatively high, growth potential is robust in a number of sectors, and they could deliver stronger investment outlooks over the coming years to my mind.
Is the Interserve plc share price cheap for a reason? - Investomania
.
.
.
No comments:
Post a Comment