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...A version of this article was first published by Nikkei Asia on February 14 2023. ©2023 Nikkei Inc. All rights reserved....
...The industry faces a PR crisis; COVID-19 and big pharma’s pioneering role in providing a solution to the pandemic may be a counterbalance to these reputational issues....
...And Panmure: we think that security should prove more defensive than other industries, as it has done in previous recessions, especially on the Secure Solutions (93/89% of revenue/EBITA in FY20E) side....
...The security companies are defensive into a slowdown (Securitas -1%/+1% in 2009/10, G4S Secure Solutions +3.5%/+2.8%) and generally late-cycle. We expect organic declines of c.-3% for FY 2020....
...With a bigger auction now in prospect, Panmure’s discounted cash flow values G4S Secure Solutions at 184p and Cash at 70p, giving 254p in total. Jefferies makes the sum of the parts 300p....
...Q4 year to date growth was 4.4% in Secure Solutions and 2.9% in Cash Solutions and Cash Solutions excluding cash technology saw a decline of 1.0% showing for us the attractions of selling this business....
...It did not secure the $117m five-year contract to run services at Guantánamo, on the island of Cuba, until three months ago....
...You may wish to explore general management programmes v specialising....
...A decade ago, says David Taylor-Smith, UK and Ireland chief executive of G4S Secure Solutions, “we would never compete with companies such as Atos or Capita …or BAE Systems....
...This business will offer a comprehensive end-to-end portfolio of products and solutions, including rugged two-way radios, mobile computers, secure public safety systems, scanning, RFID, and wireless network...
...… Unless a systemic solution to Europe-wide sovereign issues is reached — and it is difficult to envision what form such a solution would take — investors will remain concerned about fiscal deficits,...
...(NASDAQ & TASE: SPNS) is a provider of IT solutions that modernize business processes to enable insurance and other companies to quickly adapt to changes; and nextSource Inc., designs, develops and implements...
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