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There seems to be support at 47p. This looks to me like it's going to break-out on any positive news, hopefully forming a new plateau at 55+p. It could even move without news if the market sentiment improves.
I've been in and out of CPI since early last year, but without any doubt, the fundamentals are now the best they've been. On the other hand, you need to be careful if you dislike being red, because this stock has a huge beta of ~6.9. That means that in the absence of any news, it's going to rise/fall with the FTSE, but with *much* larger moves.
With some luck, the sentiment won't deteriorate too much and we'll get some good news. If not, then I guess we'll be buying some more cheap shares...
I can understand why you would feel like that, but only if you are expecting a quick return or are day trading. The last 5 years have been a very bad time for investors in this stock, but finally it does look like the plans put in place by the current management team are begining to bear fruit. I say this for two reasons :
1. They are actually progressing and executing what they said they would do and have not contrived some recovery plan, based on 'spin' and objectives that are simply pie in the sky.
2. The results, so far, and the projections regarding the debt level and profitability for the next year to 18 months are well within their grasp. Unless there is a genuine possibility of take over talks (which I was led to believe was on the cards a couple of months ago) the share price will only show a consistent upward trend with the release of information, for example further news around completion of asset disposal or increased numbers of new contract 'wins'.
I have no idea what the share price will be at any given time but I would be dissapointed if it did not reach, and stabilize, within the 55-60p range by the end of 2021.
Everyone laying into me a few days ago, analyzing my old posts. LOL.
COVID 3.0 wait for next lockdown fears and market jitters.
Made a mint early 30's to late 40's last dip. Planning on it again sleep tight. x
This share will be the death of me.
Fenshui - yes
Cane - yes but read up on them - Croda or the likes will buy them - so many massive new contracts - look at ATP posts on ITX BB - he regularly summarises
Sorry all as this isnt CPI
CPI will do well for us holders in the coming weeks - no issues here guys - 46p is a great place to top up if you set buy limits
GLA
@Know0: "If anyone else trades in a similar way to me - take a look at ITX"
Thanks for the cross post. At first glance, it looks pretty rough (Sucker stock in Stockopedia, never made a profit, not much cash, etc.).
Knowo- Agreed. Is this company ITACONIX PLC (ITX) you refer to
If anyone else trades in a similar way to me - take a look at ITX - research the company and decide for yourself - Ive made even more money on that one than this!!
Sorry for the cross post. These (CPI & ITX) are now my 2nd and 3rd largest investments
GLA
Blank - best wishes and no problems at all - you will get your 55p soon
If you consider adding then 48p and 46p appear to be the marks
when the shorts showed their hand I sold a load as we have seen in the past the shorts do get most of what they want in the ST - hence why I has happy to sell and set buys at the 46-48p - I will milk this cash cow as much as I can for as long as I can
Easy to trade when its undervalued (IMO) so buy the dips, sell a bit for profit, hold that cash and buy the dips again - rinse and repeat
I will see what its like when we get to 55p but next time I think 60p will be the stumbling block and depending upon when that is, it may drop back to 51/52 - where 50s become the old 40s - still rinse and repeat though!!
If you just hold, then I suggest not selling all at 55p but maybe 1/2 - then you have a natural hedge as if price goes higher you sell with more profit, but if it drops, you use those proceeds to buy more - same cash invested but more shares for you money!
Anyway, enjoy the ride - have fun and make money
GLA
Know0, when I left I lost interest in the whole Capita model, but was still concerned with friends that stayed.
I've said before that I was prepared to sell just below the 55p mark but stayed in. I don't follow the markets like you guys, so have to go on other comments, I was IT and not management in Capita, so this was never my areas of understanding.
I was crazy to see 55 to 45 in a very short space of time.
Blank - yes we hear of a lot of these types of businesses that have poor working relationships - but frankly the market doesnt care about them, just the Balance Sheet and the projected profits - selling more smaller units that are not in focus and getting good multiple in return is frankly good business
Losing revenue is immaterial - getting 8-11 times multiples of EBITDA on sale of them is great for us shareholders
New contracts making double digit returns is great - good luck to you for your 55p, I think you will get that within a month - 6 weeks latest
I will keep playing with my 100k investment and leave the other 100k for 80p in Q1
This and ITX have been 2 shares that I have made significant profit on this last 12 mths - both are gifts that keep on giving - both have great upside but get played massively
GLA
I worked for a division that was old from Capita, I had worked at Capita for 20 years, witness the downfall from the 1200p SP. I've friends in different divisions still. Most are unhappy, Capita are still selling off small parts of the business, losing revenue along the way. It sounds like the existing turmoil will be around for a while yet.
I missed the 55p SP to sell, my plans are to offload at that price next time and walk away.
That's wishful thinking on your part Night watch, let's be honest. You said in August that you sold out before 50p - probably in the expectation of a drop back into the 30's which never materialised. Now you are stuck on the outside looking in. I should know - I've done it myself on other shares lol
Agree that 80 p by close is delusional but equally delusion is an arbitrary figure of 38-42p.
Fair value 38-42. People buying at these levels think this is magically going to be 80 by close.
Simply delusional.
Hedge and so
It's the cheapest they can buy inlargeamounts 48p or thereabouts best bet atm is to do nothing for a long lol
Yes because most hedge fund managers in the red with their investments abroad so got to sell this and other stocks to balance their books
Timber!
That 50p barrier seems a difficult one to break through
With the FTSE down 0.65% and the Beta of CPI being 6.9, I think it's no surprise that CPI is down today.
Volume is low; drifting down with the FTSE and for who-knows-what other reasons.
I’m taking a position
Bending over ready to get shafted hard
God this is painful
We talked about a pos takeover & this is still a option plenty of hungry hedge funds looking for a kill. December 71pence I predict.