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Dead cat bounce. Still waiting for low 12s at a minimum.
Agreed. The SP will move soon enough. Sitting tight with my 30k but will another 20k in the next day or so.
@NOFEAR
Thank you most appreciated .
Just a reminder, it's ISA top-up time, at this price CPI is looking very good for the short/mid term.
16p as a target from here is easily possible - feels like when RR. was languishing around the 80-85p mark, before it rocketed!
DYOR
Hi DARKBLUE
I'll be tomorrow uploading here a link to a large pdf file that I've created using data that I extracted from my FactSet(.).com 14 days trial subscription that provided me full access to Institutional investors grade information that is considered second best after the Bloomberg Terminal Monitor which costs around $24k a year whilst in comparison the FactSet workstation costs half its price at $12k per year with both payable on a monthly basis and with a minimum 1 year contract agreement to sign up.
Anyhow, please look tomorrow out for my Capita pdf file link. Its jam packed with great info that normally only these kind of Institutional Investors platforms can provide for a premium fee.
"One thing about Indians is they do the job without moaning. Only major strike involving Indians was the famous Grunwick strike in the 1970's ."
That comment made me laugh, given India has suffered two of the worlds biggest general strikes over the last 5 years, both involving over 200 million workers.
Https://beta.nationalarchives.gov.uk/explore-the-collection/stories/the-imperial-typewriters-dispute/
Crowman - sound about right. The Arab oil embargo recession of 1974/75 was one of the many factors wiping out factories across the UK over the past 5 decades!!
Back to Capita, the 'news' on this board about redundancies high up in the management tiers is a positive factor for us. We're on a pathway to sustainable FCF from 2025 onwards, and I'm convinced that this won't be a false dawn again under Adolfo.
Notice Period depends upon Grade and Contract. However 3 months is to be expected. You can leave within this period and be paid for Notice in Lieu ( But you wont get car allowance plus other benefits. Pension benefits are tailored to what suits you. However Capita Pension is close to useless!.)
I don’t expect management to be paid minimum redundancies like staff!
That is a real pity!!!
@simpiles - not sure. What’s the average notice period in the industry and do they pay in lieu of a notice period ?
Wrong on the strike issue - early 70's asians came out on strike against the Imperial Typeriter Company in Leicester. Effectively finished ITC and both huge sites in Leicester and Hull were shut by 1974 putting a couple of 1000 people out of work.
One thing about Indians is they do the job without moaning.Only major strike involving Indians was the famous Grunwick strike in the 1970's .
Trisor
Senior management cull is from the 3rd phase i.e the £100 million reduction. as management would have implemented phase 2 i.e the £60 Million reduction.
Adolfo has purchased 650,000 at an average price of 15.14p, so he is currently down £14,560 on a purchase cost of £98,410.
Look forward to him seeing a return on his investment.
I’ll take that on a bad down day, will be good to see some consolidation next week hopefully
What a way to re-start after Easter, visiting our largest sites in the company - Mumbai and Pune, India. I was joined by members of the Ex team Xenia Walters Corinne Ripoche and Manpreet Singh where we had an intense but very productive few days, engaging with our teams and learning about the incredible and important work we do for our clients and Capita. This was a true ‘cross-company’ trip, which has left me feeling inspired and proud.
Our India operations play a huge role in our organisation. They are critical to our business' success. We had the opportunity to spend time with our client operations teams for both our Capita Public Service and Capita Experience divisions. A large portion of our Technology Software Solutions (TSS) teams are also based in India, where they are building solutions for both our divisions, focusing on AWS Connect, GenAI, CollectSure, Santas, CapitaOne, Pensions and more. India is also the home of our Shared Service Centre teams who support many areas of Finance and HR. It was truly a pleasure meeting with all the teams.
We have a highly impressive, passionate, dedicated and loyal group of colleagues based in India. Interestingly, these teams have longer tenure than the average Capita employee and some of our teams in India have the highest employee engagement and satisfaction (per our Employee Survey) across the company. This is also a good reflection of the career path opportunities that Capita offers and our ability to quickly attract talent into the business. For example, for one client we were able to increase a customer team from 11 colleagues to 1800 colleagues in 11 months!
This trip was an incredible learning opportunity. We got to experience new technologies at work, listened into customer calls, observed how some of our customers' back-office teams work and gained a better understanding of how our colleague training and enablement programmes are progressing (something critical when there is so much growth in both people and content areas).
I leave feeling impressed, certainly much wiser and very much looking forward to returning to meet colleagues in the near future. Kudos to the team for the great work done! I am proud of our ability to deliver #betteroutcomes as a truly international
Taxation here in UK has grown because there's no growth, so the only way the nation avoids insolvency is via ratcheting up taxation.
Savage-"notch taxation up a little"-people are at their limit. Tax burden is way to high particularly here in the UK as we stand
"It's only a matter of time before QE starts again-" - I just don't agree with this - I respect your opinion but... I think USA is now at last making sound progress. On the back of the growth it'll become possible for the treasury to notch taxation upwards a little and capitalise to reduce the debt burden.
@Divan do you think these cuts come from the £60m initial cuts or are they the beginning of the £100m cuts?
It's just unreal how a US sell off caused by their Fed official causes our sell off today, and when they recover today we go down further.
Becoming farcical how weak UK equities really are.
Its only a matter of time before QE starts again-there will at some point be a debt crisis of magnanimous proportions which is why its extremely important to be diversified in my opinion over a number of asset classes-property , cash, shares, precious metals etc. DYOR and good luck all but the notion that all is tickety boo with the US ecomony or indeed and western economy is a falsehood and in my opinion will get worse with increasing populations and ageing populations
''The comments look as though the Fed is trying to curb the upward momentum of USA stocks''
I interpret that as a 'froth' warning.
Savage they will only be able to service their debt via money printing -this notion that the US economy is doing very well is simply wrong. By the way true inflation figures are also considerably higher than quoted by most western governments and have been for years . Most of the jobs were created in government and health. the state is getting bigger -more mouths to feed. Please see below on interest on debt
"The Congressional Budget Office (CBO) projects that interest payments will total $870 billion in fiscal year 2024 and rise rapidly throughout the next decade — climbing from $951 billion in 2025 to $1.6 trillion in 2034. In total, net interest payments will total $12.4 trillion over the next decade"
"jobs most of which are part time is absolutely rubbish."...
Worth noting the 300,000 additional jobs land cumulatively upon the back of month after month, after month, of more US jobs creation. There's not been a jobs contraction in USA for a long ole while.
Meanwhile... have you seen the surge in volume of zero hr contract gig economy work and foodbank reliance over here in UK?... The few things growing in UK are numbers of cases of scurvy, rickets, queues for NHS treatment and subscribers to streaming/data services...
New homes - Bellway says on track for 31 per cent fewer homes being built this year (from previous). Look elswhere including CPI it's the same cuts, cuts, cuts - meanwhile costs and debt up.
USA can service its debt via the strong growth being delivered. That's the key difference here because there is no growth here for UK economy and increasingly that means it's unable to service the debt mountain.
Until they cut the dividend at BT like Voda did.
Half expecting that.