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Appears to be a bit of a waiting game but as long as it ticks up and stays away from the 12’s I’m happy enough.
The other possible reason there was a delay from 1400 to about 1630 is that whilst rishni announced the big numbers at lunchtime, the details were only released in a press release later
Yes, the price is up again this morning, which could be follow through from yesterday, plus the 95bn through senate overnight
Same daily pattern. Rises in the opening , drifts downwards during the course of the day till the end.Will it repeat???.Hope not. End in green.
Still no clue as why it popped up yesterday's close.
I was a bit vague in saying 14 00. Some defence spiked at 14 00, others a bit later. Capita delay was probably because defence content not so obvious
If you look at other defence eg avon, serco, you will see they all spiked in the afternoon. Sometimes it takes an hour or so for the market to react.
We actually dropped below 13p just after 2pm so don't think it could be that imho
Capita spiked after 4pm so don't think that's the reason imho
Https://www.ft.com/content/a6f7fcb6-5580-4fa7-b16b-f7fc8bc650e4
Pretty certain defence spend announced today. All defence stocks spiked about 14 00. Capita does some defence.
OK, something seemed to get buyers excited. I've not gone overboard, but I've bought a few back
@Stumpy
My guess is RNS in the morning - this has looked a leaky ship for some time and exaggerated price action is usually followed, the following day, by an RNS.
Will be interesting to see what 0700 tomorrow brings (if anything)
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.
I bought a few back.
Price jumping? What's happening? Anyone know?
@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?
I don’t think there is any relief to be taken here at the prospect of a Labour government. Indeed, it would seem to be another risk factor. It is Labour Party policy to reduce reliance on outsourcing in local government. They would rather see councils following the example of the best in-house service providers and rolling these out wider. Of course, this may not happen when policy meets reality, but there are certainly no votes to be lost in ditching Capita. A Labour government might even see it as a vote winner toward the end of its first term.
Governments spend money based on needs of the public and or to maintain their standing globally. And they will find money in various ways. The services provided by Capita are essential and necessary and therefore the demand is very inelastic imo. Same applies to funding Ukraine war - tens of billions - because govt thinks it is necessary.
That said , there may be cuts possible , but not to the extent of derailing Capita, because of the importance.
Then again we are talking subjectively. Because Capita does not provide services just only to UK govt but also to other govts as well. Not only that, their customers include private sector businesses as well. if anyone has information of its revenue split between , UK Govt , Other Govts and the private sector it would be more useful.
Having a CEO of AH caliber, I will assume they would foresee these headwinds and endeavor to shift the revenue mix between govt and private, more towards the later. All IMO. GLA
This has been repeated for at least 4 years and if anything it keeps going down. It now seems to be pretty much as low as it can but it also does seem like backing a dead horse at times. Putting shares on Capita now is like gambling
Quite the opposite - the whole concept behind outsourcing is that it can be delivered cheaper. The economics stack up and rather than a reduction in the possibile opportunities, they will increase if anything.
I don't really get the long discussion here about labour government reducing profits. It cuts both ways. I don't think the government is currently being ripped off, so I don't see scope for them to reduce costs To me , the focus is the balance sheet and the debt. If this is manageable and the company doesn't go bust, which seems unlikely given the orders already booked, then the scale and spread of activities gives great upside medium term