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Sunday news papers are coming in now. Interesting write up on Sajid Javid 's comments. Question will be whether MMs still try to take it down to sweat wet hands or whether there will simply be market relief euphoria.
https://www.independent.co.uk/news/health/covid-omicron-variant-live-masks-vaccine-latest-b1965456.html
Plan normal Christmas despite Omicron
https://www.independent.co.uk/news/health/covid-omicron-variant-live-masks-vaccine-latest-b1965456.html#post-524025
England ‘nowhere near’ introducing tougher Covid restrictions, Sajid Javid says
England is “nowhere near” introducing tougher Covid restrictions, Sajid Javid says, despite the return of mask-wearing and PCR tests for travellers.
The health secretary rejected stricter curbs – such as social distancing, or a working from home rule – arguing they “carry a very heavy price” and are not necessary now, despite the arrival of the Omicron variant.
It was also interesting that the AZ CEO announced earlier in the week that they needed to start charging for vaccines!!
What I found most telling was when Chris W said the one thing we can all do is raise a glass and toast the scientists at Christmas. I think he was hinting at a normal Xmas.
It will be interesting to see what the Sunday Papers will make of the Prime Minister presentation and what they tend to focus and discount. So for example will they focus on PM BJ's comment that "This Christmas will be better than last". This bears in mind the personal criticism that he received by Labour for not locking down early enough on the 2nd wave in September last year.
Otherwise they could focus on that there will be "vaccine release", the spike mutation, inevitable sensational announcements of new UK cases.
The thing which struck me was that they seemed to be going light..no mandatory use of NHS Check-In app, no immediate restriction on number of people meeting indoors, no mandatory instruction to businesses to work from home, no flight cancellations aside to African countries (e.g. Netherlands is not in ban).
Chief Scientific adviser to the Government Sir Patrick Vallance holds £600,000 worth of shares for vaccine maker GlaxoSmithKline (GSK) and he seemed to be focusing on that there is a wider artillery that can be used and that a new vaccine could be ready in less than 100 days.
On Thursday was 10k up on my portfolio .. can see this being wiped out by Tuesday (3k wiped off on Friday alone)
Sky news in full flow today focusing on all the negative stuff disregarding positives and how things are very different now.
However it is obviously major enough for the PM to do a press conference today, hopefully to calm everything down ( if he is capable), and imo I think that markets woukd react better to for example certainty around implementing plan B rather than constant speculation etc etc.
Problem is what he says cannot be trusted because he has a history of u turning and sometimes really quickly.
Hopefully it turns out no different to Delta.
Thing we saw a domino effect with stop losses being triggered across the market. In CPI's case when Covid 1st broke in March 2020 you saw the sp collapse from 125p+ to 25Pp+ in the space of a week. To put into perspective the sp is back where it was at the time of Patrick Butcher (last CFO's resignation), pre-£600m+ confirmed divestments (through sale of ESS, Axelos etc.) and additions to order book of £2bn+ (through a multitude of contracts including Army Recruitment Contract Extension).
I am sure that we will still have to hear from posters here how they saw the collapse coming and timed their entry perfectly. Though tedious as this is, and will be, the consensus of broker targets suggests that post trading update we should be much higher than here. For those that had jumped back in after getting past the 50p mental barrier this has been a disaster, but we move on. We should here more news over the weekend on how long the time frame to tweak the vaccines will be and the containment measures till then. Hopefully that will allow for a bounce next week but there may be more bottom-feeding fishing opportunities. It will be interesting to see what the 2m late reported trades were and whether any shorts will have been reported closed following.
Hi JG68
It was overdone and many like myself would had grabbed a chunk of the shares while it was getting hammered by the MM's under the notion of a worldwide market bloodbath. In my opinion, the MM's don't have to show a reason to knock the shares price down and in particular if its on the basis of a world incoming doom & gloom scenario. I believe the MM's would themselves need to exercise caution on the Capita shares they hold available for sale and to avoid been left holding the can, the safest option would had been to drop them to a realistic percentage to give themselves plenty of room to manoeuvre the shares back up again when all the dust has settled and can get an idea where everything its going with the general world markets sentiment after the Black Friday bloodbath.
As I'm now invested with £75k in capita with an average 45.34p, I'll be looking to buy more if it drops further down as the Capita cow keeps giving back that lovely creamy milk and has never failed to deliver on its promises unless you bought too high and then an investor refuses to average down or has no more money left for which then they would either sell up move elsewhere or wait to break even or make a profit in due time.
Cheers and best of luck.NoFear.(*__*).
I still don't get how this was slammed nearly as much as some travel stocks, 3-4% would make sense but why over 10%, cant get my head round that.
maybe those large buys (inc after hours) were the shorts closing?
Lets hope they got lucky and are now out
Good luck nofear with your purchase. Let's see what weekend holds with the developing story. Once the news breaks that the variant is in UK. Markets will get interesting
AimMaster2018
it's crazy that I the one with NoFear bought in today and hold £75k invested capita averaging at 45.34p.
I must be nuts, but I will see that light at the end of the tunnel after the scaremongering and the sell off has done its thing for some stocks more and for some stocks not so much. Hopefully, comes Monday we will be up back to plus mid 45p as our floor. Also, I've still got cash to average it down wherever and if she plans to go further down to please all the extreme bottom feeders and the little tiny outstanding known and unknown shorts whoever these will be. Let's remember that the systemic sell off would had benefited some whilst worsted off other investors if these had sold off in a panic. Moreover, it would not be first time that panic sellers would want to buy again when they see that it had been overdone and then re-join and ending up paying a higher price to get back in on the expected outperforming target price ratings still to be reached called out by the world top bankers like Barclays, RBC, Jefferies and others.
Love.Me.Or.Hate.NoFear.(*__*).
It's crazy, how to lose 10 % in a day, buy capita yesterday and sell today.
It's a complete and utter joke. Seems no one has realised that every market from crypto to commodities are down.
Get a grip people!
Guys - I'll let you in on a secret. Some other stocks are also down today...
Yes bit of a hissy fit again.
Tin hat time but think once the shake is over should recover again quickly
This is just brutal, here we go again.
And 47+ by Tues!! I hope
Phew, glad I sold my share to an unlucky buyer yesterday lol
I did mention yesterday and many times before that CPI can have massive volatility. It fell 38% in a single day in the covid crash last year... but today looks like its worst day this year. Just bad luck unfortunately ...
@Fish: the 'beta' is just a very rough guide as to what to expect. I have a large position in CPI and nothing has (yet) changed in my outlook. The market is weak. That's clearly going to impact things here.
Eatstocks
One off buy went through at 12:18:27 gmt
218,737 bought cpi shares at 45p trade price. Lots of confidence from this buyer.
Exactly, that’s why ftse 250 is recovering and capita is 9% down |:
"Talking about unloved share."
CPI almost always moves with the FTSE (Beta is 6.9). Nothing unexpected here.
Wow that didn’t last long, it’s back at the level I panicked sold it at. Don’t think I’ll buy back in though. It’s a shame this happened on a Friday. Can’t do anything about it over the weekend
Eat you were right....I should have sold yesterday :))
Covid bad news Card factory falls 2.5% and Capita falls almost 8%.
Talking about unloved share.
We all know it has a high beta but COME ON