Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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hopefully Boris starts with civil servants working from home supporting the CMA. These guys can string a decision out through the courts for years and years and years and years. Jobs for the boys.
https://assets.publishing.service.gov.uk/media/627ce759e90e0721b01ea4ef/Decision_to_refer__NEC-Capita__.pdf
Well put Go.
But to benefit you from Capita you have to be invested and that’s where Aim and his mates come unstuck. Then they get super stressed that they are missing out imo
Aim - stuff happens and capita did what it had to do to resolve operational issues. I don't see a problem with that, unless of course you're clutching at straws. The remaining 'portfolio' segment disposals can happen when they must happen - CPI is ahead of theit disposal target and with the project free cash generation in 2022, there's a good chance that CPI will be pre-IFRS net debt free in 2022 or at least very close to it.
What interest rate costs - can you elaborate? Capita's debt is EUR, USD and GBP bonds through a fixed/floating rate combination and Capita has hedged these via rate/forex swaps - I fail to see why interest rates are an issue. There's a £226 million loan repayment due this year, mostly on the Euro loans in H2 and with the cash on hand + disposal proceeds in H1 + cash generated, there'll be plenty on the balance sheet to pay that off PLUS pay down a good chunk of the overdraft too. A large chunk of the remaining loan notes repayment (£100 million out of £274 million) is due after 5 years - that's piece of cake. Get a handle on these facts and maybe you'll slowly start to realise why CPI is a compelling opportunity as a portion of free cash generated can now go to dividend payments in 2023. Any further disposals are what they are - a bonus!!
Smell the tea leaves and don't let the vagaries of the US market distract you from a compelling opportunity.
It’s not opinion. I know you at least watch ITV news. Article today in the Telegraph states Boris wants to privatise the arse out of the civil service. Says he’s sick of them homeworking.
Anyway you can chat to your new mate wavering instead
I see u have no answers lol...am stating facts with links, so is 'wavering' stating facts with links as to whats happening today, right now with capita.....urs is opinion such I expect this to be this prices end of year and this price in 3 years time ...or company will be debt free next year but ignoring the challenge they have to sell those businesses and the valuation they want which isn't easy and is time consuming process...Capita in the past wanted 700m for ess, they didn't get what they want and gor 350m....capita expected transformation to be complete in 3 years and its taken nearly 6 years...so missed their forward projections...this is why city and institution wants numbers...and in the recent statement, it states they expect numbers to improve towards the second half of the year. That's not guaranteed also. Imho
Well I mean, you’re clearly worried- but not about Capita’s great prospects- no worries there - no you’re worried that you’re out of here and probably not going to get a much cheaper buy in. I bet that’s super stressful
Wavering, the thing is, once the wage is high due to inflation, and inflation comes down..wage will never come down...wage always goes up imho
Sharehead, u didn't comment on possible strike? Or Sat's system? Or any disposals news that hasn't arrived and we're nearly Into June? Or even interest rate costs? Or even contract renewal, why is there a delay? Imho
US sell off hasn't finish yet imho. Just waiting on uk to announce 0.5% rise ...especially with all the criticism from bank of England to allow cost of living to get to 40 year high. Otherwise they'll get heavy criticism on the next reading imho
Hi AM - good the US market totally turned around for you yesterday- so I guess you had to find a new topic instead- lols
Oh i see wavering is showing his true colours- lols - big surprise
Inflation at 9 pay at 4... good luck to them. If theirs a strike, kPIs could take a hit then comes fines i guess...so i guess they'll have to go higher...I'm sure this will be across the whole group. 52000 employees
...large employee base means higher cost burden...imho