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Oh well Stupmy
Unfortunately, I had to get out many days ago when Cpi was showing a determination to take back its share price losses. I fully sold out at 14.30p taking a small loss as my breaking even was at 15.44p and didn't like the small but constant volatility of the general mood of the stock market.
Although, the negative algorithms affecting all stocks since last week and with today even much more will eventually ease out, there's no guarantee that it will come any sooner with the potential of an all out war kicking off in the middle east which I believe is brewing up the general negative sentiment across all stocks.
Nonetheless, the Gbp currency has made a positive comeback against many currencies.
As it stands, I will remain out of cpi and continue staying where I'm currently newly invested where I'm already taking a small hit due to the continuing stock market negative sentiment. Best of luck to everyone.
I dropped out today. General markets look much riskier so I took a small profit and closed. GL to those sticking with it.
Mitie
They are focusing on what they do best. Services to industry! Cheap basic services delivered well.
Just what Capita is focusing on!
Aim mitie the one to back not crapita
Outsourcing company Mitie Group has projected a record revenue of £4.5bn for its 2024 financial year, an 11 per cent increase from the previous year. The company announced the target in a full-year trading update this morning. It also said it expects to report an operating profit of £200m, up 23 per cent.10 hours ago
Unless AH comes up with something spectacular (possibly in the June statement) I think we are still in for a long wait until August 2025 when I trust we really will see FCF. We know 2024 is scheduled for another thumping loss & I can’t see markets piling into CPI until it turns a profit.
Mitie results may help the sector push this up maybe imho
Into to the realms of speculative madness now on here, I’ll happily take the upticks though and see how it plays out. Feeling I might have got close to the bottom for a change at 12.50p
Careful you don't shout about that on the BT chat to Mandy... they can tell you all about the workings of the socialist CWU!
I'm hearing whispers BT is moving its HQ to Moscow. That's a great move, for my portfolio position anyway!!
Putin could soon be planning expansion into Bulgaria too?
Capita expansion into Bulgaria. This is part of the expansion program into Europe that I have been talking about!
DarkBlue & GoCPI, I fully agree with what you all said. When you says Macro Economic indicators are going to have an impact on a tiny company ( in relation to national economy) like CPI, and then say, a development directly at CPI, is irrelevant is hypocrisy at its best.
BTW, CPI has opened a second office in Sofia, Bulgaria last week.
"I suppose they way they look at it if it’s good enough for BT To have there head office in Johannesburg ,which I believe is South Africa. Then it’s good enough for capita.
Make sure you lot don’t leave any rope or razor blades about as you all have so much doom"
@Darkblue - Agree. To lighten the gloom and doom, I'm shorting BT. It's an easy way to make money as it slides a long way down from here along with its dividend when that is formally announced in May. I'm chomping at the bits when I think about the money I'll make from that short and from the money here from my ever building long position.
Cape town - the best place in South Africa. A great low cost base for Capita as they offshore away to lower cost English speaking countries outside the UK. Brexit has dealt a hammer blow to the UK economy, confounding the fantasies of the brexiteers and growth has all but vanished. All that CPI can do in this shiity economic environment is to cut costs and boost margins. If that means hiring more employees in SA and expanding your office footprint to a larger base, then why not? That's what will make us longs money. Along with shorting BT, may I add!!!
South Africa is terrible place to have an office 🤦🏼♂️
I suppose they way they look at it if it’s good enough for BT To have there head office in Johannesburg ,which I believe is South Africa. Then it’s good enough for capita ,
Make sure you lot don’t leave any rope or razor blades about as you all have so much doom
And gloom .
Alb
Trisor, Savage_KeyboardR
Totally Agree, how does it help to open a green office in a part of the world which is in crisis suffering political uncertainty.
https://www.bloomberg.com/opinion/articles/2024-02-06/south-africa-election-means-more-uncertainty-as-anc-falls
Jokes aside... The Office business model is dead as a dodo... businesses opening up grand new office real estate on a big scale with fanfare is going to be heading for serious trouble down the line.
Just some concrete news on CPI ,
Whilst you all put the world to rights .
Alb
Lol - completely agree Trisor. Yey! Lets open up new office commuting initiatives and competitions for the highest number of water cooler gatherings over in South Africa because it's working out so well in the rest of the developed world!
How does this help the Bottom line exactly?
The countdown is on! Next week we will open the doors of our brand new Mutual Park office in South Africa. We are excited to finally welcome colleagues to this incredible new space that boasts the Green Building Council SA 6-star rating with great facilities for our amazing people. Look out for more updates next week!
#SustainableGrowth #UnleashTheHumanMagic
Edlin Davis, Salma Amara, Kieron Collins
GDP per head is going down because that is what happens when you install trade barriers on goods moving to and from your closest neighbours and largest trading partner. i.e. Import of cheap labour is required because in absence of growth in trade volumes you have to find a way to operate the existing and shrinking trade taking place at lower costs.
Terry , correct
Trisor, also GDP figures as these are being held up because of the increase in the UK population but GDP per head is going down. Bit like CPI in the past, it can raise its turnover by loss making contracts but the only thing that counts are profits.
Yes Terry because true inflation is much higher Im afraid and what is being portrayed in a mirage of the true picture.
With GDP and other metrics we are in an Alice in Wonderland world, good GDP means more money to spend but will potentially delay BOE rate cuts so likely to drop SPs.
What matters now is interest rates which depend on inflation, we seem to be a bit like CPI with the jam tomorrow as potential rate cuts are being put back.