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No problem .🙏
US GDP slumped
Savage - would that be the US market which you praise so much? Poor wee FTSE just keeping its head above water hmmm
I see it's selling off once again... as are many other equities... what's the trigger for the move today? - I spotted USA released some interesting data.
Indeed he did so... because what with USA + USSR being the major superpowers at the time there was a clear need for UK to join up into a union with large enough clout to compete economically with those superpowers on the global stage - i.e. the EC (later EU) was born out of a necessity to co-operate.
With apologies to the guy on here who says we should focus on the company not politics !
Interesting of course it was Harold Wilson who actually finished the job and signed into EU. In those days the parties actually agreed about a lot of stuff.
If we're set to head back in time to 1970 that'll be most interesting because that GE led to Ed Heath commencing the negotiations for UK becoming EC member state... Gosh some of you on here really need to scrub up on your history.
If it was 1986, it supports my statement. If Labour go back to 1970, Capita would cease to exist. It only came into being due to to Thatcher
Capita was founded in 1986. Not before 1970.
I meant capita not serco
Anyway judging by today's price action the market could not care less about the trains
I must admit I do not agree that the fact it has flourished for 4 decades makes it ok. If Labour went back to pre Thather ie 1970 it is new ballgame
Even if trains all taken away, would it really affect sp seriously ? I suggest not
Another question: what proportion excluding defence is serco outsourcing from UK gov ?
There is a massive discussion but still no facts.
What proportion of work is relating to trains?
What proportion of that would be affected by labour policy,
Does anybody know facts ?
@Culley
Well I don't think you'll be selling any time soon .... And I hope you don't end up buying either .... But if I was to choose ......probably more likely to be buying than selling😁
Trisor, I agree with your point of politics has some relevance in the running of Capita. But level of negativity given is unprecedented. Outsourcing companies like Capita, Serco, Mitie G4S etc have been in existence and have even flourshied more than four decades. They have been through all these stroms -different political parties ,ecnomic wobbles etc
But as you say a good and cabable ceo like the one now we have will turn things around.
Savage_KeyboardR
I think you need to reread your own posts.
You are clearly conflating macro-economic government policies, which affect all large companies (most of which haven't seen an 90% drop in market cap in the last 5 years) with specific government actions toward a single company (e.g. a decision by a future Labour government not to renew Capita contracts). These are two completely different things, which you seem incapable of comprehending.
So many Scottish Athletics on the board posting. Last desperate attempt to keep the bad news coming!
Do your own research!
I have placed a buy order at 12.7p & a sell at 17.5p ( both only on a small proportion of my holdings)
Any bets which we’ll see first
I suggest talking about the macro situation is pretty relevant to Capita-decisions taken by the next Labour government, it that is what it is to be, could affect things here. Any visionary CEO will see where the winds are blowing and look to diversify internationally and more into the private sector
I'd rather we had a £1.5 billion revenue company making £200m profit per year to be honest so if it comes to pass because we lost public sector work that wouldn't be the end of the world
I hope this guy is smart enough to see this and act accordingly
This board has become a forum for discussion about national politics ,economy and not about Capita which is in the midst of transition.It is ridiculus.GLA
I suggest with liabilities leading there will need to be tax hikes, to control exposure to risk and re-assure markets until the presumed growth begins to land and pick up the slack.
Good point on the balance sheet... and yes, agree that looks to be a plan of using contract renewal points in phased/gradual approach over time... additions to the balance sheet may be spun as net positive in the long term and the approach looks hinged upon a model of rising customer base and then subsequent growth on top accumulating over time. What looks clear is it'll be liabilities leading the way, with presumed income to later follow and service those liabilities.
The announcement seems to reinforce the view that any new Labour government wouldn't expend political capital and time in ripping up existing contracts but would instead use contract renewals to affect change. This is the preferred outcome for any incumbent suppliers as it gives them a clear target date they can plan around to exit. As a consequence they will probably be a temptation to reduce service levels as much as possible in the final year any of those contracts in order to take every penny of profit possible - not great news for the customers but maybe welcome to shareholders.
I'm interested to see what the UK PLC balance sheet will look like after taking on all these liabilities. At some point it's going to reach worrying levels, and any adverse market reaction could then cause real issues...although I'm sure there's some smoke and mirrors that will be performed to hide it all (a bit like they did with the bank bailouts)
I see a third crook has joined the Licence to steal money club