Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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If it was 1986, it supports my statement. If Labour go back to 1970, Capita would cease to exist. It only came into being due to to Thatcher
Capita was founded in 1986. Not before 1970.
I meant capita not serco
Anyway judging by today's price action the market could not care less about the trains
I must admit I do not agree that the fact it has flourished for 4 decades makes it ok. If Labour went back to pre Thather ie 1970 it is new ballgame
Even if trains all taken away, would it really affect sp seriously ? I suggest not
Another question: what proportion excluding defence is serco outsourcing from UK gov ?
There is a massive discussion but still no facts.
What proportion of work is relating to trains?
What proportion of that would be affected by labour policy,
Does anybody know facts ?
@Culley
Well I don't think you'll be selling any time soon .... And I hope you don't end up buying either .... But if I was to choose ......probably more likely to be buying than selling😁
Trisor, I agree with your point of politics has some relevance in the running of Capita. But level of negativity given is unprecedented. Outsourcing companies like Capita, Serco, Mitie G4S etc have been in existence and have even flourshied more than four decades. They have been through all these stroms -different political parties ,ecnomic wobbles etc
But as you say a good and cabable ceo like the one now we have will turn things around.
Savage_KeyboardR
I think you need to reread your own posts.
You are clearly conflating macro-economic government policies, which affect all large companies (most of which haven't seen an 90% drop in market cap in the last 5 years) with specific government actions toward a single company (e.g. a decision by a future Labour government not to renew Capita contracts). These are two completely different things, which you seem incapable of comprehending.
So many Scottish Athletics on the board posting. Last desperate attempt to keep the bad news coming!
Do your own research!
I have placed a buy order at 12.7p & a sell at 17.5p ( both only on a small proportion of my holdings)
Any bets which we’ll see first
I suggest talking about the macro situation is pretty relevant to Capita-decisions taken by the next Labour government, it that is what it is to be, could affect things here. Any visionary CEO will see where the winds are blowing and look to diversify internationally and more into the private sector
I'd rather we had a £1.5 billion revenue company making £200m profit per year to be honest so if it comes to pass because we lost public sector work that wouldn't be the end of the world
I hope this guy is smart enough to see this and act accordingly
This board has become a forum for discussion about national politics ,economy and not about Capita which is in the midst of transition.It is ridiculus.GLA
I suggest with liabilities leading there will need to be tax hikes, to control exposure to risk and re-assure markets until the presumed growth begins to land and pick up the slack.
Good point on the balance sheet... and yes, agree that looks to be a plan of using contract renewal points in phased/gradual approach over time... additions to the balance sheet may be spun as net positive in the long term and the approach looks hinged upon a model of rising customer base and then subsequent growth on top accumulating over time. What looks clear is it'll be liabilities leading the way, with presumed income to later follow and service those liabilities.
The announcement seems to reinforce the view that any new Labour government wouldn't expend political capital and time in ripping up existing contracts but would instead use contract renewals to affect change. This is the preferred outcome for any incumbent suppliers as it gives them a clear target date they can plan around to exit. As a consequence they will probably be a temptation to reduce service levels as much as possible in the final year any of those contracts in order to take every penny of profit possible - not great news for the customers but maybe welcome to shareholders.
I'm interested to see what the UK PLC balance sheet will look like after taking on all these liabilities. At some point it's going to reach worrying levels, and any adverse market reaction could then cause real issues...although I'm sure there's some smoke and mirrors that will be performed to hide it all (a bit like they did with the bank bailouts)
I see a third crook has joined the Licence to steal money club
RR - I think you should go back and re-read what I initially posted, your posts and my replies.
Rail is the better target if next Gov is serious about progress towards CO2 emissions goals... Could have damaging impact for the car industry?... i.e. if rail sees big investment, fayre subsidies and strategic priority... since within easier ticket system (where you don’t have to book 12 weeks in advance to get best deals) and cheaper Rail travel overall it'll tempt some car drivers to switch. As for capita... with any new public system they'd get opportunities to tender just like any other business would.
Can anybody tell me whether the plans announced this morning by Labour for rail affect or could affect anything Capita do for trains,???
Capita is in its current mess because JL spent too much time dithering & wasted at least a couple of years ( which means we’re now still 2 years or so off being in profit instead of being in profit now)
I also have some sympathy for Stuart Morgan ( the previous IR guy) who we all, including myself, knocked for being really negative when in fact he was being realistic & could see from JLs inaction that the turn around was going to take much longer than the spin JL was spouting
S_KR. So, it is the government's fault that Capita has been such a $hit show for the past few years? Plenty of companies (including outsourcing firms) have managed to hold their own over the last few years, so I'm afraid your argument simply does not hold water. (I don't support this government, by the way.)
If my position is 'curious', yours is utterly bizarre.
Savage - not any stranger than you espousing Labour on a share board in which you’ve made clear you’ve currently no intention to buy?
RR... a defender of this failing Gov to the bitter end it seems... even when widespread evidence points to mass scale economic mismanagement of UK PLC, including knock on effects to CPI, of which he has huge holdings of. It seems you put CPI's failings down to the company itself but... then you proceed to go on and say they won't get better under Labour and may get worse?
So... How can it be that recent terrible past performance is squarely due to CPI itself... yet you say in future the bad performance will be down to a Lab Gov?...
Reminder: you also previously said "we might see a lot more 'insourcing', once Labour get into government. It is yet another risk factor for Capita."
It's a most curious position you're conveying here.
S_KR. You seem to have completely misunderstood what I have been saying, so let me put it in simple terms.
Capita have performed badly for the last 6 years (hence the current sp). They are, by most measures, a failing company. Things may not get better for Capita under a new government. Indeed, they may get even worse.