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It wasn't that long ago people were claiming that buying in the mid 20s was bargain prices. Sometimes a share price is low for a reason and as such isn't a bargain.
12.42p is the lowest it's reached. A 12p buy-in level may not be achievable - we'll see.
I sort of agree but then I have to remind myself that in February I thought anyone buying under 18p was getting a bargain
Ha - sorry folks - got the maths wrong and I stand corrected!
12p purchase it is then .... Although I'd be surprised to see it that low - but then I didn't expect it to drop below 15p ๐
I would have thought anyone buying and holding from anything beginning 13 or 14 have got an amazing medium term, seriously wealth creating, investment ....
12p on the dot is a 20% rise to 14.4p, so I'm sticking with that. Slightly below if we want to account for the 0.5% dealing tax. ๐
Short term debt a concern, long term debt not really. Some companies switch it for the published accounts, the auditors are usually not too fussy, after all they are getting paid
Some strange maths on here.... and that's without tax and dealing costs!
what a load of **** ppl talk on here. there are other companies who's debt is greater, yet share price twice that. its games.
@Xenor
I disagree that 14p is top of the range here - it's almost touched 14.4p twice now and that looks to be the top ... So if you want your 20% then somewhere around 12.8p would seem a sensible entry ...
However - once 14.4p breaks then I think we will quickly see 15.8p as the next level of resistance - it's tried to break through twice and it's not going to take many more attempts especially when the June update begins to loom large!
Just my thoughts .....
I accept that a retail investor can react faster than a pension fund. But I get the impression the brokers adjust the price fast enough indeed instantly on any actual news.
Zener accept your logic
Just not sure how predict short term movements
Would actually be interested
It seems like 14p is the top of the range here. I will want 20% when I enter so I think a buy price at 12p on the dot would be good, maybe slightly lower. However got to be not too greedy as that caused me to miss the recent rise.
As for selling at a loss. Have to 100% disagree on that. Selling at a loss is a valid strategy if you think the price will go lower. Buying back cheaper is a more effective way of averaging down than throwing more money at it and ending up in too deep. I don't regret selling at 24p or 17p on the two occasions I have held this.
Exciting. Well they found out smoking is bad for you there
Are you sure it wasn't just a dead cat?
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The site offers a range of great facilities for our people, as well as boasting enhanced sustainability and resilience features.
This is part of a wider plan to consolidate our sites in South Africa and over 200 colleagues will be making the move this week, with many more planned in the coming months.
Well done to everyone involved in the move and congratulations Team SA!
Somebody here says they sell when sentiment is turning against a stock. Not sure I would not buy, as sentiment is emotion not reality. Of course short term trading is different to long term.
"I will make this promise. If I get the opportunity to make some money and get out of here I will mention it on this board, wish everyone luck and never de-ramp. Only time I would ever be on here is if I'm invested"
@Trisor - that's really good and that's always my approach. If I sell, I do it and I don't go around posting negative and FUD posts soon after I've sold. NoClue is a different kettle of fish though and he's very predictable and this has been proven many times over than I can count. I can promise you this much - he'll be back in a few days deramping CPI as he thinks it will go lower if he de-ramps on here. It's a bit like AimLess's positional posts.
I'd be massively surprised if he doesn't deramp, but I don't expect to be.
No Fear , I must admit to being puzzled that you would sell whatever holding you had having spent apparently hours putting together various things. Your choice ofcourse
Obviously if you revert to de-ramping again , I will be putting you firmly on ignore for good. Not that you would mind a jot, Im sure. What gets my goat is those who talk a game one way , only to switch to precisely the opposite as if the former "talk" had never taken place.
I will make this promise. If I get the opportunity to make some money and get out of here I will mention it on this board, wish everyone luck and never de-ramp. Only time I would ever be on here is if I'm invested
That's right there, Terry. He's making the right noises, finally for us long suffering Shareholders, but it'll all boil down to how he can execute that strategy. Based on some of the messages on this board from ex-Capita employees, new cuts have begun and we'll no doubt hear more about this in the June update.
I'm under no illusion that if AH can't pull this off, then CPI will probably head towards administration in the coming years and as it stands, the market is already saying that we're half-way there - unjustifiably so, IMO.
Thank you AimMaster2018 for your kind thoughts. Hope it works out for you and everyone here invested with the new Ceo Adolfo.
Catch you around๐
Market starting to move upwards imho
"He's not the Messiah, he's a very naughty boy"
But he is now our best hope to get out of this mess, so far I am pleased with his approach and a breath of fresh air after JL sell everything, lie and put your head in the sand strategy . The main issue for me is will the workers understand this is our last chance and accept the changes.
I don't think he even needs to be a messiah. All we ever needed was a CEO who acknowledged how bloated the cost structure was and that CPI would never generate the required FCF if no changes were made. Woke JL kept going for as long as he did having a Kumbaya with everyone other shareholders. A diligent CEO like AH only understood and acknowledged the unsustainability of such an approach and is now embarking to cut costs big time. I, at least, am not privy to what may be coming in the strategic review in a couple of months' time, but showing cost cuts and a pathway to clear FCF from 2025 onwards would be key I'd imagine. Unlike JL, he did make a couple of market purchases soon after he could and given it's make or break time for CPI, I'd like to think he's focused on delivering this sustained cash returns message to the market. Maybe a new CFO annoucement beckons in the update?
It seems AH is regarded as some sort of messiah. AH is not announcing to the market his growth strategy until June 24 thatโs 6 months of growth and pipe line building gone. AH vision to use partners has both benefits and drawbacks. When Capita started out it was heavily dependent on partners which worked fine for a while. However, using partners means margin on margin and limited control. The lead company is always held accountable by the customer when things go wrong
Hope it works out for you nofear ๐. I just feel the stock held solid at 14p even when everything else was dropping for the past two days. Its just yesterday afternoon, it suddenly dropped which I can see why. I think market maker pulled it down to trigger stop losses whilst the sentiment dropped to grab cheap shares. A good inflation Print could mean they can sell at higher price. Also it was a healthy pull back after recent rise. Hoping for 14s again, or else I'll add more. Imho gla ๐