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No Fear
Agree that the bigger traders have better knowledge than us, some of the decisions seem to be trigger happy though!
Its like herding sheep!
What we need is a good sheep dog! 😂
The share price movement seems to have been caused by retail investors, it think everything bad you can think of other adminsi..is priced in. I think its priced in lot more bad than we know. So likely to see 14 imho
Good Morning Simpiles
Unfortunately the big money funds tend to know more than us as they have a better view of UK stock market as they tend to know who, when and what are planning next for when it comes to look after each other backs.
The bigger the fund, the bigger the influence will be.
Anyhow, I'm happy to help where I can. Good luck.😉🤞
Thanks No Fear
Been busy all day yesterday. I will take a look at the data next week.
It now appears that there has been some sell out before the numbers release. So this fall in share price was planned probably in conjunction with the shorters! And they wonder why the UK is loosing credibility!
Trading in the UK is like the wild west at the moment!
As always Teamwork is the best defence against the cowboys!
You're welcome Aero1103
I hope it has been helpful to you
As I was saying earlier on to Kipper9, I was supposed to drop more information about the top five major major shareholders, but got tied up with other non related matters and unfortunately will have to upload it tomorrow instead.
Nevertheless, I do want to make it clear that some of those top 20 investment funds did reduce by a few millions shares around the first week of this March month and took place before the 6th March FY results were out. The one that reduces the most was Fil investment.
Anyhow, tomorrow I'll update the remaining data that should make it clear how many million shares were reduces by the investment funds few days before the results were out.
It's a least 20million shares for a start.
So, in reality the small sell off was triggered beforehand by those large, medium and small investment funds that contribute to the rest to follow behind until we reached a stop with today seemingly I would hope that was showing very strong resistance and stubbornness and not wanting to be pulled under. Let's see. Remember that the current shorts don't need necessarily to be reporting any changes in their positions upto two weeks ahead. Even then, the hedge funds who are shorting stock can take longer than the two weeks voluntary arrangements that the fca would wish these funds by courtesy to follow. So, do please expect those funds to abuse those arrangements with the fca. Good luck and good night everyone
Good work NF!
Well done.
Going to have a party when this hits 100p again :)
The volatility has reduce significantly, we know major is still holding, any new II buying can snap up more volume at a cheap price reducing free float imho
I'm glad you've got yourself well deep into it Kipper9
Later on today I'll post the investment trading history for the others top funds that would make it even more interesting to see their trading history whilst with Capita.
Starting move and tick up, could be interesting afternoon imho
@Trisor
I hope the background seller (that has pushed this so low) has now sold and we have, indeed, bottomed.
My concern is that we have substantively bounced which means that seller could still be hanging around.
One thing is for sure - anyone buying for the first time at 13p is getting a bargain as long as they are prepared to wait a few days / weeks / months or years!
Why am I so vague on the time frame - you never know when this beast of a share is going to wake up and leap forward ....it seems to happen for virtually no reason and when you least expect it!
What's interesting (to me anyway) is to look at the holding over time by Schroders. From February 2020, at the start of Covid-19 outbreak, they held just 101.031m shares. They stayed at this level until October '20 when they doubled up and bought a further 101.187m shares, to total 202.218m shares. This would have been just prior to the announcement of a Covid vaccine, with a huge proportion of the 40,000+ staff furloughed.
By August 2021 they had steadilly increased their position, to have by this time 309.079m. Since then they have further increased to now holding 321.826m
For my money that's a heck of a commitment in my view. All through the worst of Covid & the JL years, they never gave up and kept increasing. Brilliant data NF
Errors and omissions excepted
Subject to any macro issues-have we bottomed in people's views?
Please do
I guess with an average SP of 69p, maybe RWC similar, it dampend the idea of a takeover with a cheeky bid in the 20's.
Have emailed Robin Speakman at Shore Capital to see if he wishes to add a TP to his recent buy recommendation.
He is always very positive on CPI...
You're very welcome Kipper9
I wish Schroders took on another 1% at these super cheap 13p levels I guess it wouldn't make much difference to their 69p average price.
If I see any changes over the next days, I will drop a note here.
Best of luck Kipper9 😊💪🏻🤞
Excellant work there Fearless, many thanks
So, the Portfolio Managers at Schroders & RWC respectively hold 34.91% of Capita Equity. Then it waters down quite quickly with others holding no more than under 5%. I'll bet AH makes sure he has a very good relationship with those 2 Portfolio Managers; 2 people hold over 1/3 of the company he runs.
Over the past 24 months it's good to see Schroders increasing from 303m to 321m now. Lowering their average from 71p to 69p. So, that manager isn't running for the door, is he/she. Plus, if he/she is willing to increase with an average of circ70p, then i feel much better with my break even of 22p.
Good data, excellant
E&oE
Paper thin margins ?
I think it’s 5 years ? Is that 2 m per year or 2m over 5 years ?
Good Spot, NO FEAR. I note that the contract is not a fixed price for it's term and is subject TO RPI
25th March 2024
Awarded £2mil - 5 year contract
A Contract Award Notice
by CITY OF BRADFORD METROPOLITAN DISTRICT COUNCIL
Description
Capita One Education Software as a Service.
Management Information System (MIS) used by the authority across Education and Children's Services.
Hosted SaaS.
http://bidstats.uk/tenders/2024/W13/819331512
That's my understanding too Trenners.
I believe me and you are reading correctly. It appears that their in and out of the cpi share investment has been worked out by the computer by taking in account what they've put in over the years. So, most likely that's where Shroders are sitting with their average at about 69p.
There's 606.844 of shares on the bid side of the order book with a 12.90p request just few minutes in from trading opening. Plus also 102,468 wanting 12.86p too on the bid side of order book
@NoFear
So does that table suggest that Schroder have an average of 69p per share here?
I was of the view that their average was around the 45p area?
If it's 69p average for 19% of the company then little wonder that we haven't been approached by a predator!
I don't often say this but - The Schroder average is worse than mine!
Hi AimMaster2018
The cpi share was 5 minutes late to open for trading today and it opened with a 13.99p offer and 13.01p bid price. Very strange actually.
You're welcome Simpiles
The institutional investors grade terminal allows me to go back to very recent or many years far back share price movements events.
Did you see this one?
Click here to view and download 24 years worth of Schroder investments in Capita with dates and share price paid, increase and reduced to date https://ibb.co/Sn00VX8
Please beware that the dates entered are in the USA format. So, if you see 01/13/2023, you should actually
interpret as 13/01/2023 for the UK readers. So, it would be 13th January 2023