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Hi Everyone - I've posted to Capita Plc about Bloomberg 15th October inaccurate and false reporting of the facts
that took place between the interest parties that were and in my opinion are still inside the round of the bidding
process for the sale of Capita ESS. I've also posted my complaint directly to Bloomberg and have warned them
that I shall raise a complaint with the UK FSMA and the UK FCA. I shall attempt to find out the reasons for Bloomberg
to have used their dominant financial media influence to bring on a small shares sell off that resulted with last week
Capita dropping from 28p to almost 25p just because of the Bloomberg false rumours which Capita has failed to deny or confirm bloomberg claim. In the, please be patient as the truth will soon be known. Thanks everybody for your kind words.
I'm still holding my £20k at 31.5p Capita shares and won't sell until it goes to my take profit £1.20 target.
GLA.DYOR.Smile.(*__*).NoFear
How do you know it was false news?
This board would be a sad place without you and Eats.... well done mate and thank you
eatstocks
On the “balance of probabilities”. Since I was the one who posted the 3-part Capita ESS bidding process story on the
1st October, while Bloomberg on the 15th october, posted a very distorted version of the supposedly occurred events
which somehow had a negative effect on the Capita share price that took a tumble just after releasing it on their Bloomberg
media financial news network. I would trust Education Investor Global 30th September post over Bloomberg latest post.
However, my question is: Why Capita Plc has not contested either way the Bloomberg claim ?
East , NOfear presented the correct facts about status of ESS sale..... Bloomberg got is facts wrong without checking first........worse still Reuters copied the Bloomberg information....IMHO this damaged shareholder value....Reg
Dave_1
thanks for thumbs-Up
We're been manipulated by the ones that carry weight in the financial markets. They've
abused their position by being one of leading in the money markets and they knew that
once it got posted it would had been picked up by the other financial media networks
and spread like wild fire.
Thanks no fear for all ways being positive and when they sell ess even if for 450 mill this sp will rise i have no doubts
regvarny
thanks for thumbs-Up.
We all knew where the Capita ESS bidding process was and had been heading since the 1st October. The only people
who had verifiable information about the ESS bidding process, were those guys from atEducation Investor Global. In my opinion they knew very well what they were posting and I don't believe that they've made it up to get some clicks on their
website. Bloomberg should be reported at the earliest opportunity for dissemanating unfounded information that resulted
in the Capita shares being sold off and currently the negativity around Bloomberg last post on the failed ESS bidding process, is still circling around Capita Plc like the stench of rotten meat which otherwise would not happened if not for that untrue Bloomberg post. NoFear
got the inside knowledgeable
NoFear, East, agreed....its price manipulation.....Bloomberg did not check its facts.....Reg
I believe the reason it was not contested is due yo the NDAs in the bidding process. They are not allowed to provide any information about what is happening in closed doors and contesting that fake info would be in a way providing information.
Disabled, Im in @ 30p but for Bloomberg we should all still be @30p. ESS sale or Takeover. Take your pick. its a win win for us. Reg
yes reg we just waiting my friend hope soon good news soon.
Evening all,
My input on the bloomberg rumour is that it's probably false.
Looking at it from my view is, capita had announced on their official website that they expect to sell ESS by end of year (a month and a half away from being end of year), so they've obviously had good interest and a price they are probably happy to accept, as if the offer was really low ball, I doubt they would have made the announcement that its due to be sold and not made an announcement at all (as they're horrendous at announcing everything else).
Reg, long term this should also return a nice profit from today's SP
Remember each division of Capita is profitable which means I very much doubt a takeover will happen for some time and if it does it will go for a lot more than the market cap.. Capita PLC is struggling, not the Software Division, the government services or the specialist services. These are very profitable departments and in the event of asset stripping will all go for more than the current market cap.
JL will look for other options first, the state of the company in which Andy Parker left it in Capita was lucky it didn't end up like Carillion, which is why I'm sometimes defensive of JL, but unfortunately times running out for him.... the main problem Capita have at the minute is investment.... which is one reason ESS is going. I think the attitude is sell now rather than lose out in the future.
ESS revenue is something like 3% of Capita but the profit is roughly 15% revenue wise it's not the golden egg everyone talks about but profit wise, No other business can come close to it.
They just need to sort the debt out, renegotiate the debt, invest and get back to a healthy balance sheet. This is last chance saloon for JL, I know people will say JL has blown a fortune but as I've said before the only fault I can see of him at the minute is paying £250 million in dividends from the 750m rights issue.
Remember in 2019 pension deficit repayment was £70 million (last payment is end of this financial year) restructuring costs of £150 million which you would like to think will reduce significantly each year. You add that each year to the balance sheet especially last year we would have seen £150 million profit.
Third of offices will close and benefit the 2021 financial report. Big contracts coming through but unfortunately if ESS doesn't go we won't see any positive on this share price until half year results 2021... unless the media team start doing their job and release RNS on positive news that is.
I think the 3 scenarios of Long term hold, takeover or ESS sale will all be win win win for anyone under 60p
eatstocks, regvarny, disabledman
Thanks guys for helping everyone here to [think-out-of the-box]. Bloomberg created the perfect scenario for Capita MM's
and financial institutions who would had benefited by grabbing some more shares at a discounted price of plus 25p per share. The website Bnnbloomberg [ . ]ca published their inaccurate article before the Bloomberg[ . ]com website.
The Ottawa based Bloomberg website posted at 09:16:57sec. Ottawa, (Ontario) -4 hours to our GMT 13:16 on 15th october
The New York based Bloomberg website posted at 11:45:56sec. New York,(NY) -5 hours to our GMT 16:45 on 15th October
The Capita Plc shares price started the sell off at around 12:15 GMT and the first Bloomberg post was at GMT 13:16.
Did Bloomberg contacted the Capita Plc MM's and gave them the heads-up 1 hour before the first post went over the
internet ? Well, in my opinion anything is possible. Bloomberg could had sent an internal email informing the Capita Plc
MM's an opportunity to have a valid reason for the sell off on the pretension that Capita Plc had failed to reach a sale with
their chosen bidders which we truly know since my 1st October post in not the actual run of the events and Bloomberg
has taken a negative hit at Capita Plc shares. I'll be continuing with my investigations and update you guys with any useful
informations asap. Take care and good night.GLA.DYOR.Smile>(*__*).NoFear
Dave_1
Since February 2020, Capita Plc has won over £1.5billion of contracts awarded to Capita plc and its subsidiaries (the Group).
The year 2020 has insofar has seen Capita Plc most awarded with £multi-millions worth of contracts or partly awarded with a contract divided among with other suppliers.
See the easy to read updated October 2020 Capita awarded contracts and compare it with the past 2019 year awarded contracts and you'll notice they're of a very small value.
Click on the link below. No sign up required and no paywall.
http://bidstats.uk/tenders/?q=capita+business+services
Dave, yes many options could have good outcomes for investors, but the pending ESS sale will define Capita destiny.....Mystic Reg
Once you've gone to the awarded contracts page
Remember to click on the far left upside of page where you'll find three coloured letters[A] [B] [C] Click the letter [C] BOX
http://bidstats.uk/tenders/?q=capita+business+services
Nofear... I get hounded on here when I say Capita is in a far better position than a year or so ago.
The sale of ESS will secure the 3 x debt repayments due over the next 18 months.
Even with the sale of ESS the software division will still profitable so each of the 6 divisions will hopefully still produce profit in 2021
Dave_1 JL has never built or seen an Outsourcing company through significant growth. I realise why you would want to cut him some slack.
Although I really can't give this guy a pass. He's a mumbling idiot. Overstayed his welcome, his departure will providing they get someone who is 'credible' for a change. Should see the SP move upwards relatively quickly.
NOFEAR - Contract wins are good but they will be split over the tenure of contract in reality what they will book-in year revenue will be 10%-20%. Nevertheless still a positive.
While contract wins are always a plus, the value of the wins to date doesn't amount to much at all really. Im not sure what profit margin CPI make but I doubt its above 10%. Trying to stay positive but beginning to think that they only way we will move in an upwards direction would be the sale of ESS and even with that I don't think the sp will rise above 50p. Personally, I averaged down last week to 36p from 42p, hoping that the sale of ESS will give me a little profit. Fingers crossed.
No fear - have you had any response Bloomberg? Won’t bother asking about a response from Capita as they aren’t the best with communications..
@Zedmans @EveryoneElse long in Capita as I'm still in with my £20k at 31.5p average.
I've spent the entire afternoon re-posting on twitter the entire 3-part article that was initially published on the 30th Sept 2020 by the Education Investor Global website or better said; the EducationInvestor.co.uk
However, they've now removed the entire 30-Sep-20 published article on the Capita Plc ESS unit bidding process from their website and when you click on the link it takes you to a 404 not found Education investor page. What's Going On ? I cannot subtract the timing of the removal of the ESS article by the E.Investor and
therefore cannot tell if it got removed before the Bloomberg 15th october negative article or it got removed after Bloomberg. Also, I'll be posting later this evening other important findings that got published few days ago by the E.Investor UK site that will give us a better understanding why Capita Plc ESS unit is not as hot as they might pretend to be, as its an antiquated software and its one of the main reasons why the sale of it is still a challenging matter for Capita in comparisons with other newer educational software. Notwithstanding all, Capita ESS has still a dominant position in the UK schools albeit is still seen as an antiquated system. Finally, I'm very angry that we're still to get any positive news that would take us away from the mid 24p and 25p price ranges. Insofar my twitter multi posts with breaks in between to avoid been banned have been read by the many leading financial institutions and mostly by the various Schroders twitter accounts. I'll raise the heat on Capita Plc, Bloomberg USA, Canada and ReutersBiz twitter accounts and update this forum as soon as I see some reasonable activity from my posts. In the meantime, please don't fall from the MM's tree shake as we've been tested. Thanks for your support. Smile>(*_*).NoFear
Nofear
Many thanks
@NOFEAR Thanks for the time you are spending trying to rattle important cages, appreciated.