#1943: Marine Links Serco Collapse to 370 Sim, Cross Key Blackmail, Obama Red Switch Hacks www.abeldanger.net/2014/04/1943-marine-links-serco-collapse-to-370.html Plum City -- (AbelDanger.net). United States Marine Field McConnell has linked the collapsing-company shares of Serco director Maureen Baginski to his exposure of her alleged role in the hijack of MH Flight 370 through a uFly simulator in Toronto; the Crossed Keys blackmail of Sheraton, Marriott and Hilton hotel guests and the ongoing flash-override hacks of Obama 's Defense Red Switch Network (DSRN). McConnell notes that after his trip to a MH theater of interest where he briefed 20+ senior people on the March 8 hijack by Serco -- the world's largest air traffic controller -- the Malaysian Prime Minister Najib Razak has announced he is not prepared to declare the MH 370 passengers dead! McConnell (30 year airline and 22 year military pilot with 23,000 hours of safety) has booked a session on the uFly simulator to demonstrate the probable route taken by the hijacked aircraft and a Cat III C landing with the Boeing Uninterruptible Autopilot hacked by Serco air traffic controllers on the British Indian Ocean Territory of Diego Garcia. "Why Shares In Serco Group plc Plummeted By Mark Stones - Tuesday, 29 April, 2014 | See also: SRP Although we don't believe in timing the market or panicking over every stock fluctuation, understanding how a business is performing, competing and changing is vital to sensible investment. What: Shares in Serco (LSE: SRP) fell 20% to 320p during early trade this morning after the outsourcing group suggested a rights issue to strengthen its financial position. Serco has had a crisis strewn year, and the announcement made last night amounts to a third profit warning in the last 12 months. Serco commented: "It has now become evident in the light of recent performance that we may need to reassess the level of risk implicit in the assumptions underlying our forecasts. This may in turn require a material downward revision to expectations, and for us to review the appropriateness of our financing position." So what: Profits in Serco fell 62% in 2013 after agreeing a £91m settlement for mischarging the government on a criminal tagging contract. Profits were expected to fall 20% below expectations this year, but after a "challenging" performance in the early going, investors will be braced for worse. Serco's shares have nearly halved in value since last April, and the incoming chief executive, Rupert Soames, has bigger problems to deal with than he initially might have expected. Now what: Serco has already laid off 400 staff at a cost of £14m and has warned there is potential for more job losses. The firm is still being investigated by the Serious Fraud Office, although a ban on competing for new government contracts was lifted in January. Despite this, Serco's 11p dividend was well covered in 2013, supported 3.5 times by earnings. The dividend has been lifted in each of the last five years — gaining 68% in that time.

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