Dec 13, 2018
G4S: heist finance
Like the cockney robbers of bygone UK TV dramas, G4S is looking to separate cash from security. The operation accounts for less than a fifth of G4S group revenues. If G4S keeps the Cash360 part, which helps retailers such as Walmart reduce money-handling costs, then perhaps about £1bn is obtainable. G4S had been languishing at a steep valuation gap versus Securitas, its Swedish peer. Leave it out, geezers! Instead, G4S should invest in its remaining security business for a sustained re-rating of its shares.
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