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Came on here to take a look at CPI's SP... meanwhile over at BT we're up 8.4%. And to think some on here were openly mocking me....
Good luck, SK. A win is a win.
To be fair Savage, I mocked you for being an attention seeking child.
I'm pretty happy with my assessment.
Good trade SK on BT. Enjoy your profits.
Savage - you came on here to check a SP ha ha seriously? What about your call for BT to go below £1; or CPI to go to 10p last week or the FTSE to collapse.... profits aren't profits till they are taken
Thank you very much Stupmy! It's continuing to be a successful trading year for me here and I'm pleased I seem to have read the market well so far, Macro and business specific but... being grounded here to not get too over confident too.
broomtree - Yep, I really thought more would join the sell off pressure ahead of the results and believed perhaps therefore it'd cause BT SP to drop below £1 - I also made clear that if it did drop then I would have been buying up some more. It never went below £1 though, I got close to buying up some more when it hovered just above £1 but in the end opted against it to maintain my cash flow and avoid the potential trap of getting too greedy.
@HHH - I concur with that assessment of SK, but that's OK too, IMO. Like I said in one of posts earlier this week, I'm not as clever as, nor do I have the time that traders like Stupmy do, but good on them is how I see it. I'm not quite in the patient Buffett mould too, but I like to watch for undervalued stocks/sectors and hold for a more than a decent return. If we look past the daily swings in CPI, I think that's where we'll get to over the next 6 to 12 months.
If AH and team over-deliver, then the much debated/discussed 50+p valuation may come about sooner than we think. However, that's up in the air for now and hence the fluctuations. If the traders can make money of this, good on them. It takes all to get this to 50+p..
All I can say is, GLA...
You make me blush GoCPI. You'll be as clever I'd imagine. Don't forget the old KISS acronym! It's for real. I avoid being clever like the plague, if you become clever, you don't make any money. Buffet and Munger (God bless him) are/were clever. They know how to pick winners over the long term. That really is not easy.
AGM is just around the corner now
I am being very speculative on this and have dropped my remaining 30% or so at 14.45. The reason is that I'm expecting a pull back, but in a highly speculative way I've noticed similarities between the CPI charts and the BT chart. BT had a spike, which fell away, then a couple of rises and falls then took off. If (this is a massive guessy 'if') CPI was to follow a similar pattern, we will see a pull back (possible a 2nd rise and fall) then a jump to 20.8 possibly higher. So, my intention is to buy back if we do get a pull back. I still think 13.25 or lower is possible. Whether it's likely is a whole different thing.
Stumpy
You may have a point MM are controlling the market on this share . UK is the wild West for the cowboys!
Wonder why some companies prefer to list elsewhere!!
Simpiles, really I have low conviction on what I've done here, but my holding was not that important to me and there's a reasonable chance it'll pull back before moving up. I do think 20.8 or higher is reasonably likely in the not too distant future and I'm not particularly worried about a lot of downside. It'll either work or it won't.
For the name it's not important at all.
Hi Stupmy
There is game play on the go, with possibility of one more shake down before the jump in early June. People are getting very tetchy at the mo!
Good luck which ever path you choose!
DYOR
I have with reasonable success bought in the dips and sold on the rise in the last few months. I am now building up my holding again, this time with the intention of holding for the longer term, as I get a sense that positive progress is starting to be made. We will get a clearer view in a couple of months and if my gut feeling is right then I expect the price increases to sustain and then break out.
AGM
Capita plc will hold its 2024 Annual General Meeting on 21 May 2024 – see below to download the notice of meeting, as well as the presentations and voting results for the last ten years.
Please note there are no presentation files for the AGMs held between 2020 and 2023.
I've had a torrid year with cpi and aml, both heavily down, but to me, UK market seems artificially inflated. FTSE daily record highs, not sure how sustainable in the current climate
UK Artificially inflated? On a P/E ratio basis we are massively undervalued compared to the US equivalent. In general, the UK still has miles to go to be on a par valuation wise with other indexes, I wouldn't worry too much Beach.
UK is so undervalued that it's a joke. Maybe the near-term RSI is overbought for traders like Beach, but the valuation gap with the US is unreal. Unlike some of my other UK holdings where the US is a large/good % of revenues and to me it makes sense to move listings to the US, CPI is not in that category.
However, noting that the UK economy is on the mend and rate cuts should materialise either in June or in August, maybe the underperfomance tide will turn. And we have the cost cut details to come out next month = more FCF for CPI from 2025 onwards!!!
Simpiles, thanks for the comment, I had a feeling I was trying to be too clever with that as it did looked primed for higher levels. I'm not bitter! Hope you all make good money. I won't chase this one, but do think the 13p area was the bottom and you're on for good rises. If it does happen to drop back (not looking likely) I'll buy more.
Good luck all.
You never know, Stupmy. CPI is at the mercy of traders, at least until the update is out in June and in the world of the stock markets, never say never.
Very true, it's always wise not to believe that something is impossible. At least I can't make a loss now!
I noticed HSBC have done some press release labelling all UK stocks as 'Overweight' - in the event others join in with sharing the same view then we should see a broad based lift.
Capita sure as hell isnt Overvalued ...not for my liking anyway!