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Hold tight this stock will have some up side just got to wait
agreed castle - but when we got to 38p last Autumn (I came in at 23p last summer) it was a big hurdle to get over - OK we shot up to 50p a couple of times, but the 38-42p range has been 6mths (not 3-5 days)
It is very unloved and is always referred to as Crapita by so many
Maybe a name change and full rebrand is required to go along with its change of plans in how it operates.
Within that 6mths of it being mainly 38-42p, we have one a 1.3BN contract, sold a business unit that was old and cumbersome for 400MN
Reduced debt significantly and showed the turnaround is actually working
To any other share, that would signal 60p value now, raising to 80p by time half year is announced and if on plan rising to a quid by Q1 2022
Thats what this share "should" be doing
IMO, Volume is there for buyers, because holders get bored and sell at small profit / loss
Lets hope todays movement supports the TA that we may now be turning the corner and move up to say 45p for month end (assuming no news)
Without the FTSE being slammed this morning, maybe we wouldve risen today a little more.
I emailed with IR yesterday and they say that they still expect 3 business units to be sold before end of June and cash received in H2 - so maybe that news could help elevate us back to the 50p again
Anyway, GLA and nice to see that the trolls have gone to play elsewhere
The press surely hates Capita. Undeniable true.
Rambino - I totally agree
The issue I see is that the IIs are loaded in here. PIs looked at the headlines of March 17 report and kept thinking the business is loss making because thats what the press kept posting -
It is not the sort of share that is ever going to be fashionable - its now a safe share at a major undervalue that i treat as a bank account within my investment account!
Buy some when I take cash from other shares, sell some when I see a good opportunity elsewhere
It will come good I have no doubt, but need to see that the company has made the profits they (I/we) expect this year
Nice to see it green with most of my other investments red - but its a buying day so the bank of CPI will have a little withdrawal to pick up a little more of others that I will then sell within days/weeks and deposit back into CPI!!
Still holding 200k (in the bank of CPI)
GLA
Like I said the SP doesnt make sense, just like every other stock is red today, except (at the time of writing) Capita and Rolls Royce are green; how absolutely bizarre. Both stocks live in an alternate reality.
I've been invested in Capita since Dec 2020, and coincidentally did an investment appraisal on them back in 2018, correlating their SP growth with their acquisitions, whilst contrasting Serco's situation about 7 years earlier (when they too were in trouble), and I recall Carillion had gone pop a year earlier I think it was. For example, Capita doubled in size between 2010 to 2016, growing from £2.5Bn turnover to £4.9Bn, and 33k staff to 75k staff, almost entirely through the acquisition of 80Nr companies during that period at a cost of £1.5Bn.
The conclusions of my report, Capita had become too big, unrecognisable, complex, and too many contracts were won with a low price to generate revenue, turnover and hit targets, but as we know, over the period of the contract and years later, the contracts were losing money; this eventually caught up with Capita (as it did with Carillion, and Serco before), and it will catch others out in the future.
Generally, the restructuring of Capita (selling off, simplyifying, concentrating on what it does best) is exactly what Capita needed to do and is doing, of course nothing goes exactly to plan, but overall the execution has been there with the odd bump along the way, so the current share price baffles me, as it should be moving slowly upwards. I guess then the only thing one can think of is 'sentiment', and mention Capita to people who know of it, the reaction is rather subdued, depressed and muted, thus perhaps providing insight the impact of 'sentiment' has on the SP as opposed to fundamentals and a good strategy.