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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!
RR - I think you should go back and re-read what I initially posted, your posts and my replies.
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.
RogueRiver - your comments are a most Curious wonder... The psychology behind your decision to stick rigidly defending blatantly poor performance that is... I suppose it's far easier to fool someone than it is to help someone understand they've been fooled eh?!
Savage_KeyboardR. No. The Conservatives have been largely supportive of Capita. They haven’t exactly been cheering them from the rafters, I know, but they have been content to leave a things as they are, with little intervention, probably content for Capita to take any flack, so ministers don’t have to. Capita’s problems (COVID excepted) have been mostly of their own making.
I’m not sure Labour will be happy to continue with this ‘hands-off’ arrangement and may see it as an opportunity to be more proactive regarding public services.
RogueRiver... You stated "bashing Capita is unlikely to be a vote loser for a new Labour government seeking ‘fresh’ ideas."
Do you ever take a moment to pause and consider that right now Capita looks as though it's been given a thoroughly monstrous bashing by the current illustrious Tory Government?
Culley01. As I’ve said before, it may not happen at all, but it is another risk factor. As far as insourcing is concerned, Labour policy appears to be to take the best examples of in-house services provision and use them as a template for other councils to follow. So, for example, the Brent plan might be promoted more widely and enthusiastically under a Labour national government. As I say, bashing Capita is unlikely to be a vote loser for a new Labour government seeking ‘fresh’ ideas.
All I know is we were doing OK until us pre market scuppered that. Skanks.
RogueRiver I think it will be interesting how much work is actually taken back in house. The motivation is basically empire building as the more work is taken in house the bigger the council staff etc. The problem is that it is likely to cost a good deal more than outsourcing as councils are incredibly inefficient, however the council leadership may not care & just forge ahead spending our money until they go bust.
Personally I think it will be neutral but we’ll get a much better idea of how Capita intends to grow withe the June update
Rogue River I would retort that you didn't express the date of this either which I think would have been useful. Do you have any other examples of this occurring in the last 14 months ?We have long term contracts, a driven CEO with a proven track record, a new direction and I think you are going to see a strategic shift way from the public sector. I don't know an industry where there are not unhappy customers. It would be great to see some balance from you on the opportunities as well as the risks
Trisor. I didn't claim it was breaking news. It merely serves to illustrate what may happen on a wider basis, with a Labour government in power (which is all but inevitable later this year).
Rogue River this is over a year old. I think you are going to see a strategy which looks to the private sector rather than the public sector. There is just not enough cream in the public sector
As I mentioned before, we might see a lot more 'insourcing', once Labour get into government. It is yet another risk factor for Capita. Let's face it, Capita are generally loathed by the press and public (admittedly, not always fairly), so Labour can probably smell votes to be gained here.
"Insourcing win at Barnet council
Over 300 staff in a variety of services like trading standards, environmental health and other regulatory services, will now be transferred back in-house
Staff at Barnet council are due to be transferred back to council employment thanks to a decade-long campaign by UNISON.
The 330 affected workers are currently employed by outsourcing multinational conglomerate, Capita, and are being brought back in house after the council was used as a test case for the outsourcing of local government services.
The staff who work under a joint venture called ‘Capita Re’ in a variety of areas like trading standards, environmental health, planning highways and other regulatory services, will be TUPE transferred back in house on 1 April this year.
In 2012, much of the service provision at the council was outsourced to Capita on decade-long contracts by the Conservative-controlled council, with the intervening 10 years marred by several controversies including a multi-million-pound fraud and contracts running vastly over budget."
https://www.unison.org.uk/news/2023/01/insourcing-win-at-barnet-council/
No AimMaster, I have mentioned losing on that investment several times over the last few months (they are there for everyone to read, it they are that interested). Yesterday was the latest mention, that’s all. It represents about 0.3% of my portfolio. Of course it’s annoying, but also a reminder to spread your risk across a range of sectors and companies - and not to go chasing your loses in a failing business.
@rogueriver 'I’m 82% down on this train wreck of a company' that wasn't few weeks ago. It was posted yesterday 22nd April 2024 so it isn't 'old news'. Lol. imho
Not really, just accumulating! If your strategy is to put fix amount in what I called a dud stock and lose 82%. I guess any person on the street could adapt the sake strategy and hope it sinks or swims. No brain cells required, just a dart board with stocks dotted all over and buy in eh? Imho
Old news, AimMaster. I mentioned taking a huge hit on Mobico on these very pages a few weeks ago. What I haven’t done is to keep ploughing money into a loser. I generally put a fixed sum into a holding and then leave it to sink or swim. I’m sure many Capita investors wish they had done the same.
🫷defo not taking any investment tips of you rogueriver lol imho
Rogueriver is taking out his frustration having encountered 82% loss on investment elsewhere. Allow rogueriver to vent it out imho
RogueRiver - right now, under a Tory Gov, CPI is around 12.9p... Are you suggesting you're pleased with the current situation and fearful of that changing?