We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Sms1, love that comment hahaha
Joehigashi, it feels like there is probably more downside to go. The result and statement was a deflator, confidence in Capita is shot to pieces and has been for ages
No fear...there are no horses in Capita only donkeys. On this board however you are not a donkey.
You have clearly proved time and time again...you are an ass :)))
Taken a few more here, hope I don't need to buy anymore lower
Sms1
We know that you're just hanging around to get fed on your wished 25p entry. Keep wishing because the MM's will not open the flood gates just because you want it so badly. Keep wishing. NoFear.(*__*)
Bottom of the rising trend channel now, would be nice to see bullish divergence on the RSI to help in the coming days push through the 200 dma currently 30p and hopefully see 32 pence by the end of this month, unless it goes the other way of course! Gla.
Reading that statement. There are no horses at Capita... only donkeys
This is in the 25's today
also AIM - the volumes were small last Friday and Monday (and tiny so far today!)
13M traded Friday - we had 43M and 47M in one day on previous RNS - try facts bro rather than making stuff up
GLA
AIM - pls read above my comments to EEg - not sure why you think last Fridays results were poor? They show big improvement year on year
All those saying that "selling profitable business is wrong" they increased EBITDA from £100.8M to over £123M in the same 6 mth period and had no below the line exceptionally either
If people don't understand accounts that is fine and understandable - so ask someone
Free cashflow and disposing off Portfolio business should nearly wipe out Pre IFRS16 debt completely - ie No borrowings and the only "debt" on balance sheet will be Rent contracts for future years (property and vehicles) that are in the main ZERO interest
GLA and pls DYOR
Omg nofear, ur too funny lol just because of few words in the comms u think it suddenly erases Fridays results...clearly big sells today and last Friday. Institution clearly offloading in the back ground...bit disgraceful they can't even give its employee a pay rise and they expect employees to be 'discipline and focus' on their plans when employee focus would be how they pay their bills. Imho..
Mylordflasheart
I wish to say thank you from myself and everyone in the #cpi discord group for bringing that John Lewis internal email memo. I'm also very sure that everyone here in the cpi that is long and those that perhaps wish to jump on from tomorrow and onwards will be quite happy with what you posted. Really Great Team Work. Keep us in the loop if you hear anything in the near
future. Thanks a Million. NoFear.(^_^)
I assumed it was an internal email as it started 'Dear colleagues' and it read as though it was a CEO addressing his troops.
I may be wrong - @Mylordflashheart please can you clarify?
You must be joking Bubbles, he wouldn't share something upbeat like this.
Trenners said it was an internal CPI memo/email.
I do believe AimMaster2018 said all that JG68 !
Who said all of that?
We have given ourselves a good start in the first half, but we must now push hard in the second half. It is within our gift to deliver the numbers this year. By doing so, we will generate confidence and energy in the market which will create better outcomes for everyone – our suppliers and partners, investors, society and the communities we serve, and crucially, you, all our colleagues.
Dear colleagues,
On Friday we announced our half-year results 2022.
We were pleased to report that our performance has been in line with our expectations as we grew adjusted revenue and profit, delivered positive free cash flow and reduced our debt, while continuing to deliver for our clients and customers.
I spent most of Friday talking to colleagues, as well as investors, analysts and the media – and I wanted to share some reactions.
The momentum is with us
First, the feedback from you has been that it is positive to see that we are delivering on our commitments and the momentum is with us. You are particularly pleased about the reduction in debt, given the external environment. You recognise, however, that the second half is critical and that it’s going to take a lot of discipline and focus to make sure we execute on our growth plans and successfully deliver.
Reactions from City analysts were overwhelmingly supportive, with Barclays noting that progress was being made with “revenue momentum improving” and Numis saying it all provided “further signs of improvement”.
In terms of the share price itself, we ended the day 8% down at 26.9p.
The share price movement was unexpected and disappointing but there are many factors that affect such movements, and our focus must be to deliver on our commitments; in time that is what will drive the share price up.
Media coverage
Most of the media coverage was initially positive, highlighting the progress we are making in line with our expectations and that we are on track for the full year. However, there was later some slightly more negative coverage, driven by the share price fall, and citing a fall in our statutory “reported” revenue and profit.
Reported numbers versus adjusted numbers
These media have highlighted our “reported” numbers – and failed to mention one-off exceptional items – portraying Capita in a way that does not fairly represent our performance or future.
Take our profit as an example. Reported profit is simply our income minus our outgoings. But in our first half we had many one-off costs associated with the sale of our Portfolio businesses which we wouldn’t normally have. So, as is common practice, we published an adjusted figure to give a truer picture of our performance based on our day-to-day activities.
I personally find it frustrating when the media reports errors or presents us in a tone that doesn’t reflect the progress we are making and your hard work and effort. Our institutional investors’ opinions are the ones that really matter. And they have been very encouraging and overwhelmingly supportive.
What success will look like
Looking forward, I was asked on Friday what success will look like at the end of the second half. Quite simply it will be that we deliver what we said we would in terms of revenue growth, profit, margin, and debt reduction.