The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen 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.
Schroder-Investment-Management-Ltd-Capita-Plc-Historic-Ownership-Data-from-2000-to-March-2024
Click here to see the latest and the true Schroder position in Capita
Click here to view and download 24 years worth of Schroder investments in Capita with dates and share price paid, increase and reduced to date https://ibb.co/Sn00VX8
Please beware that the dates entered are in the USA format. So, if you see 01/13/2023, you should actually
interpret as 13/01/2023 for the UK readers. So, it would be 13th January 2023
Cheers nofear,
Some good info imho
Hi AimMaster2018
Good Evening. I've got so much info to got through that I don't even know where to start.
Anyhow, I'm going to upload a quick file that will contain a huge list of big and small institutional investors and funds.
I'm in the middle of doing it. Keep an eye for later on.
CAPITA PLC - TOTAL SECURITY OWNERSHIP HOLDERS REPORT - AS OF 25-MARCH-2024 by NoFear
This was extracted from a very expensive institutional investors grade security ownership data platform terminal.
I've placed the entire list of institutional investors,funds, banks and ect. ect, from the top one to the bottom of the list.
Please note that I've not made any changes to the list here published. The date entries are in the USA format whether for
a UK fund or Non UK or Non US fund. Just remember that in the UK we have 01/12/2024 and in the USA format 12/01/2024 meaning that we should read it as the 1st December 2024 and not the 12th January 2024. So, please do your own adjustments to interpret the date of entries correctly. More to come. Enjoy.
This link will be live and available to download for 24 hours at time of posting this info.
If you missed it please ask and I will re-submit again.
Download the CAPITA PLC - TOTAL SECURITY OWNERSHIP-> https://jumpshare.com/s/B7lFYsuZPVfpbYyi7oEC
The quick way to understand the pdf file is with the following:
Each fund is in blue with each one having sub-section of smaller funds for which they represent too.
If they sell or buy cpi shares from each sub-fund, you will be able to see it marked in red with a -minus
or black font if its a purchase. Also, if those sub-funds sells get added up, together you'll see the final figure next to the
main controlling fund to its right in blue with a minus sign. Remember that the date entries are in the USA format.
I'm not seeing any major sell off by any major institution. Just subtle changes by multiple institution as you would expect in normal trading. I see smaller II taking up positions. With the volume we have had since results. Doesn't really match the share register which to me implies what HP was saying. Its retail investors caused the increase in volume post trading update causing the drop ? Imho hope am reading it correctly
Thank you for the information No Fear
Thanks No fear for the report.
I guess with such small changes in a single report you would need multiple reports over a long period to build patterns.
I guess this is a job for AI which is very good at spotting patterns! Some food for thought.
I still struggle to see how such small changes can drive huge swings in share price. I do honestly believe someone or entity is driving these changes. Who ever they are is hiding in plain-sight.
Its just my opinion more of a gut feel thats why doing your own research is key.
Other opinions?
You welcome Trisor
As AimMaster2018 said, IR Helen Parris was correct to state the sell off was mostly caused by the private investors and not because of a background institutional investor or fund.
I'll try to share as much information possibile with you guys whilst my trial period is still running. Thanks for taking an interest in the submitted files. If you guys prefer to see the Cpi Security Ownership data im an excel file rather than a pdf file, let me known your preferred choice. The terminal allows to export in excel and pdf.
Good Luck for today. We need to get off these stuck unlucky 13 territory asap.
Thank you nofear. I don't mind the 13s, waiting for New tax year to add. Your report gives much confidence knowing major II isn't selling where one of them is holding near 20% of the company. If smaller institutions start accumulating then it'll help reduce free float. Imho glq
You're welcome Simpiles
The institutional investors grade terminal allows me to go back to very recent or many years far back share price movements events.
Did you see this one?
Click here to view and download 24 years worth of Schroder investments in Capita with dates and share price paid, increase and reduced to date https://ibb.co/Sn00VX8
Please beware that the dates entered are in the USA format. So, if you see 01/13/2023, you should actually
interpret as 13/01/2023 for the UK readers. So, it would be 13th January 2023
Hi AimMaster2018
The cpi share was 5 minutes late to open for trading today and it opened with a 13.99p offer and 13.01p bid price. Very strange actually.
@NoFear
So does that table suggest that Schroder have an average of 69p per share here?
I was of the view that their average was around the 45p area?
If it's 69p average for 19% of the company then little wonder that we haven't been approached by a predator!
I don't often say this but - The Schroder average is worse than mine!
There's 606.844 of shares on the bid side of the order book with a 12.90p request just few minutes in from trading opening. Plus also 102,468 wanting 12.86p too on the bid side of order book
That's my understanding too Trenners.
I believe me and you are reading correctly. It appears that their in and out of the cpi share investment has been worked out by the computer by taking in account what they've put in over the years. So, most likely that's where Shroders are sitting with their average at about 69p.
25th March 2024
Awarded Β£2mil - 5 year contract
A Contract Award Notice
by CITY OF BRADFORD METROPOLITAN DISTRICT COUNCIL
Description
Capita One Education Software as a Service.
Management Information System (MIS) used by the authority across Education and Children's Services.
Hosted SaaS.
http://bidstats.uk/tenders/2024/W13/819331512
Good Spot, NO FEAR. I note that the contract is not a fixed price for it's term and is subject TO RPI
I think itβs 5 years ? Is that 2 m per year or 2m over 5 years ?
Paper thin margins ?
Excellant work there Fearless, many thanks
So, the Portfolio Managers at Schroders & RWC respectively hold 34.91% of Capita Equity. Then it waters down quite quickly with others holding no more than under 5%. I'll bet AH makes sure he has a very good relationship with those 2 Portfolio Managers; 2 people hold over 1/3 of the company he runs.
Over the past 24 months it's good to see Schroders increasing from 303m to 321m now. Lowering their average from 71p to 69p. So, that manager isn't running for the door, is he/she. Plus, if he/she is willing to increase with an average of circ70p, then i feel much better with my break even of 22p.
Good data, excellant
E&oE
You're very welcome Kipper9
I wish Schroders took on another 1% at these super cheap 13p levels I guess it wouldn't make much difference to their 69p average price.
If I see any changes over the next days, I will drop a note here.
Best of luck Kipper9 ππͺπ»π€
Please do
I guess with an average SP of 69p, maybe RWC similar, it dampend the idea of a takeover with a cheeky bid in the 20's.
Have emailed Robin Speakman at Shore Capital to see if he wishes to add a TP to his recent buy recommendation.
He is always very positive on CPI...
Subject to any macro issues-have we bottomed in people's views?
What's interesting (to me anyway) is to look at the holding over time by Schroders. From February 2020, at the start of Covid-19 outbreak, they held just 101.031m shares. They stayed at this level until October '20 when they doubled up and bought a further 101.187m shares, to total 202.218m shares. This would have been just prior to the announcement of a Covid vaccine, with a huge proportion of the 40,000+ staff furloughed.
By August 2021 they had steadilly increased their position, to have by this time 309.079m. Since then they have further increased to now holding 321.826m
For my money that's a heck of a commitment in my view. All through the worst of Covid & the JL years, they never gave up and kept increasing. Brilliant data NF
Errors and omissions excepted
@Trisor
I hope the background seller (that has pushed this so low) has now sold and we have, indeed, bottomed.
My concern is that we have substantively bounced which means that seller could still be hanging around.
One thing is for sure - anyone buying for the first time at 13p is getting a bargain as long as they are prepared to wait a few days / weeks / months or years!
Why am I so vague on the time frame - you never know when this beast of a share is going to wake up and leap forward ....it seems to happen for virtually no reason and when you least expect it!