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Indeed it does SmallMoves - cheers for pointing out the text about tax liabilities, much appreciated.
It clearly says in the RNS that the sale is to pay for tax liabilities that have been incurred. There's nothing to suggest these are being dumped, or anything about what his view is of the SP prospects good or bad.
SK - It is very strange you post on this board while not having any stake. If UK economy is going from bad to worse , companies affected are not just CPI but many other listed companies Serco Mitie etc .
Why your linking of UK economy to CPI is irrelevant at the moment is because the problem with Capita is not just Govt contracts, but more to do with operational issues - cost, margins & profitability of existing and future contracts - which are being addressed now by the NEW MANAGEMENT TEAM.
Ah I see, I'd not realised they were a part of a recent award there Stupmy - I thought these had been previously bought by him.
It is peanuts now, that's correct... Back in Dec 2019 that volume of shares would have been worth ~60k... Sadly today it's worth just ~£4k and the CEO selling suggests he doesn't see SP rising in the near term and has cut his losses on half of his holdings.
The value is less than 4500 pounds. Holroyd didn't buy the shares, they were awarded share options, it's normal to sell to cover personal tax. The observation he's not buying on the open market might reflect his view on whether CPI will provide him with a profit quickly, but the sale of half of his awarded options (a negligible amount) seems to say nothing at all to me.
The amount he has sold is peanuts.
It show nothing about how he feels CPI
The amount he has sold
From Capita website which says: "Richard Holroyd CEO, Capita Public Service
Richard leads the division which is a strategic partner to government in the application of digital transformation to improve the productivity of operations and to help deliver essential services to millions of customers."
Not a good sign for confidence when the guy leading 'digital transformation to improve the productivity of operations' sells out nearly half his CPI holdings...
The issue is these respectively high BoE rates are hurting UK economy especially bad, as post-brexit the UK is in a weakened position when compared to the rest of the global G7 lot. The wider UK economy is fundamentally not a supportive business environment for CPI to prosper within, hence why revenues have fallen so significantly and may still be falling further yet.
CEO Holroyd Sells 32,693 of his 69,420 CPI holdings... taking him down to 36,727
Trisor
He sounds like Aims twin from 3 months ago!!
SK are you for real? It talks of a flattish picture which one would expect in an inflationary environment
I think we're heading back to 13.25 or lower. That actually doesn't concern me and I do think we'll move back up soon and take out yesterdays high at around 14.45. Righly or wrongly, I think that this pull back is just market mechanics, maybe market makers seeking out liquidity. They might just find that lower down if someone is carefully accumulating.
RICS Housing Market Survey (released this morning) makes for a rather interesting read! Housing is in big trouble imo and the data is increasingly backing my view (theres a lag with the various data releases but i anticipate more bad data will land in thenmonths ahead):
https://www.rics.org/news-insights/market-surveys/uk-residential-market-survey
SK for someone who is not invested you really dont give a balanced response or view do you? If the strategy involves more business from abroad it makes perfect to sense to open offices abroad whilst reducing expensive office space here!
JG-I thought there were some green shoots. I still do and I'd like to think there is a reasonable chance of an announcement at or just before the capital markets day. There are a number of firms shorting this and I really do think any material turnaround will require a significant piece of news on FCF. I am irked that this hasnt responded to the DB upgrade, whilst plummeting after the RBC downgrade. Nevertheless I am hopeful that we will see legs up in the days and weeks to come. I hope there isnt a cash call. If you look at the accounts and EOY report it appears that there are debt facilities to dip into to fund the growth
What’s the base 7p
Is it what a dyslexic snooker plays on possibility potting that black
🤣🤣🤣
Same old 5h1t, gives a little and takes most back.
It was so obvious this morning they weren't going to let m this stay in 14s.
Trisor, to be honest based on the last 2 rankings, after this amount of time I expected a little bounce back, but nowhere in sight yet.
I hope for f---s sake he doesn't want to do a cash raise for growth purposes.
Deal with the costs as stated and there is a profitable business underneath.
You win some and you lose some too.
Not sorry at all. Never be too sure of your investments. It can sometimes fall through.
8th May 2024
One of Britain’s top hedge fund managers lost a legal fight over the salvage of $40 million of silver from the wreck of a ship sunk by a Japanese submarine in World War II.
The UK’s Supreme Court on Wednesday declared that the South African government could assert state immunity in a suit brought by a company controlled by hedge fund chief Paul Marshall.
https://www.bloomberg.com/news/articles/2024-05-08/london-hedge-fund-chief-loses-fight-over-40-million-shipwrecked-silver
Free to read here with NoPayWall.
https://archive.ph/2024.05.08-095231/https://www.bloomberg.com/news/articles/2024-05-08/london-hedge-fund-chief-loses-fight-over-40-million-shipwrecked-silver
What's the base. 7p?
I rate the research dept at Deutsche and they upgraded CAPITA yesterday to a BUY with a target price of 35P
They didn't specify when that 250% increase will crystallise but its worth another PUNT !
Lets hope their research is correct.
It's an interesting strategy... global behemoths have been significantly shrinking their corporate real estates. Meanwhile not content with seeing its revenues slashed in half these past 7 yrs, CPI kicks off a flurry of investment to expand its global real estate offerings...
Https://www.capita.com/news/capita-adds-two-new-global-sites-support-cx-delivery
AimMaster2018 - you're not making any sense here... you said "Can't believe I'm having discussion with you for someone who claims they've never made a loss since Dec 2022 on capita board then tell BT board, you made few loss since Dec 2022 lol imho"
I have not made any losses yet since I began investing in Dec 2022, this is a fact - I do know that I will book a loss at some point, I'm not naïve to that but I can't help it that so far I've not had to book a single loss.
As for tremors... O'leary of Ryanair has that kind of power - I do not and I've simply shared the source of the drop (seemingly his comment about soft pricing) and my opinion on the UK Macroeconomic situation which in my view does not support CPI at this moment in time based on the evidence... again, all in my opinion.
Your attempt to create a tremors in the market which you have spoken off recently in airline stock lol the after shocks seems to have evaporated imho