Firering Strategic Minerals: From explorer to producer. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Started: Simpiles, Today 10:09
Last post: Simpiles, Today 19:32
Kipper9
Yip that would do nicely.
I know Capita very well from inside.
Been fighting for change for many years.
There are so many good people there, the potential is enormous. We now have the right CEO who is building a great team. Don’t want to say too much for people to connect the dots.
I tend to invest on what I know and had done well over the years.
Information is key there so many good people on the platform, as well as a few idiots! But nothing new there!
Hopefully the future is bright!
CPI for me is now a trading share for the moment, I had started building a position but the price volatility was not looking good and and I exited at 18p. Since then I managed to get back in at 12.5p back in April and out at 14.5p. Back in just under 14p so had hoped for a better move after Capital Markets Day which didn’t happen but may be kicking in now. Looking for 16/17 as next level.
Think I’ve learned here the need to be flexible until this settles into a more normal pattern
Stone the Crows!
How do you sleep.....lol
By 'trading platforms', you mean the like of Bloomberg Terminal quality Simples?
Hi Kipper
I am in pretty deep too with multiple accounts.
I don't have access to any trading platforms but am very well connected in the IT world. There is a lot happening at the moment.
I wish I had access to trading platforms it would help me understand who the bogey men are, along with the saints and sinners.
Every penny on the share price gives me about 9 times your value!
Simples
I need 23p now, after averaging down 'the very last time' about 6 times. If it ever gets over that it's circ £2370 a penny rise. Tho i will probably sell some on any rise, as am in way too deep here. Good luck all LTH
Kipper9 - A summary from CHAT GPI
Searched 6 sites
Capita Plc's stock price forecast has shown a range of predictions from various analysts. The consensus for Capita Plc (LON: CPI) appears to be generally positive, with a majority of analysts rating it as a "Moderate Buy." The average 12-month price target is around 28.30 GBX, suggesting a potential upside of approximately 95.44% from its recent trading price (MarketBeat) (Investing.com UK).
Despite some recent fluctuations and challenges, analysts maintain a positive outlook for Capita Plc. For instance, Deutsche Bank has reiterated a buy rating with a target price of 35 GBX, indicating a significant potential upside (MarketBeat). Additionally, the stock is seen as undervalued by about 27%, which may present a good investment opportunity (Simply Wall St).
However, it's important to note that there are varying price targets, with some estimates going as high as 40 GBX and others as low as 18 GBX (Investing.com UK). This variability reflects the inherent risks and uncertainties in the market.
In summary, while Capita Plc has a favorable consensus among analysts with a potential for significant growth, it's crucial for investors to consider the range of forecasts and the associated risks.
Thankyou Billybob
40p. Assume they came to that target price after last weeks Cap Markets presentation
More updates to follow hopefully
Barclays - target price 40p
Say's on Investing.com "Capita Plc. receives Investment Bank Analyst Rating Update" But you have to be a subscriber, which i aren't.
Anybody??
Started: DARKBLUE, 13 Jun 2024 16:15
Last post: Kipper9, Today 08:46
Excellant summary Simples. & thankyou for that. Exciting times to be a Capita shareholder imv
Kipper9
NHS
Capita is well placed to win the NHS business there is already a design and costing in place! Movement to the cloud fir a like for like replacement, however that could be revamped and improved. There is a few years on the existing contract left. This is a very big contract.
PiP
Not sure that the Government would want to award this to Capita as they already have 2 blocks of Allocation to award a third would go against Policy. Problem is very few companies are interested in this type of work! This will be a tricky one! this would require a take on of Atos staff and increase costs for Capita at a time they do not want too!
Typo: ATOS
Sorry, not had my coffee yet
@Simples, thanks for that explanation. Am not au fait with all the tech stuff, just too damn crusty to take it all in. Wrong generation maybe. I was trying to make a very simplistic example. Your one is much better, but my learning curve is so so steep.....lol
Wonder if the ASOS news will affect our SP today?
Kipper9
Its a lit more complicated than that.
There are two types of staff in Capita.
These are
Customer facing (Contracts)
Design, Deploy and Support
Customer facing roles are not changing
Design and Deploy are as Capita changes technology and services. This is the technical intelligence within Capita.
Capita is rebuilding when a service is scrapped all the DDM staff is cut. Capita carries no waste.
except of course in management which will eventually be cut!
Started: kularatnam, 18 Jun 2024 19:38
Last post: GoCPI, 18 Jun 2024 21:19
A good outcome for CPI will be a few of these contracts come our way - let's see what happens in the coming months!!
Very interesting read!
Will financial troubles at ATOS have an impact on Capita ? Your guess as good as mine.
https://inews.co.uk/news/uk-fears-financial-turmoil-it-giant-severe-effect-pip-nhs-3110917
GLA
Started: AimMaster2018, 14 Jun 2024 18:37
Last post: Shorty39, 14 Jun 2024 19:35
They reduced yesterday on capital markets day. They must of seen the presentation and the rest will follow now. Happy days. IMO.
Well spotted AimMaster 2018 ,
They are heavy weights and are highly effective and respected ,
Likewise I hope others follow.
Have a great weekend all .
👍🏼
Finally Marshall Wace has started reducing their short imho
Started: Savage_KeyboardR, 10 Jun 2024 08:35
Last post: stig26, 14 Jun 2024 16:03
Your going to get burnt
Weller said self sufficiency , no need for equity raise. Dividends not certain on time line
Slide 55 from Tim Weller is very interesting and seriously encouraging - IF - it comes to fruition.
Yes Im enjoying it but I want to see how they are going to increase revenue now we have seen cost cuts
GoCPI - you stated "IMO CPI will continue to do well." - Does this mean you think it's doing well at the moment?
Started: kularatnam, 14 Jun 2024 13:29
Last post: kularatnam, 14 Jun 2024 14:29
Thank you, Kipper9
Ah. At last. Something worth reading relating to Capita
Well done kula
For CPI EBIT is rather misleading... because the deductions were monstrous.
In the presentation, one of the targets set for medium term is EBIT of 6% to 8%. I am not sure why this metric was used instead of the usual EBITDA. Anyway EBIT target is very impressive. Using this range for 2023 numbers , the EBIT would have been in the range of £169 to £225 mn. and the EBITDA £ 273 to £329. EBITDA represents Cash generation before charging Interest & Tax. This is huge and that may be the reason why they are confident of not going for any capital raise and are able to meet the funding requirements for capital projects for developments.
BTW the actual EBIT for 2023 was £110 mn. or 4 %. The target is 50 % to 100% higher. IMHO.
GLA
Started: Savage_KeyboardR, 14 Jun 2024 10:50
Last post: Savage_KeyboardR, 14 Jun 2024 10:50
With the prospect of Zero Dividends right through until 2025, possibly even a little beyond.... these elevated inflation rates will keep on eroding the true value of any holdings in CPI equity.
Started: DARKBLUE, 13 Jun 2024 12:07
Last post: GoCPI, 13 Jun 2024 14:55
I'll use DarkBlue's thread focused on CPI, rather than dogs like BT.
It's fantastic that 11% of the £90m savings delivered are from procurement and other spend optimisation. Kudos to Xenia and team. 83% cost cuts from layoffs. 3% offshoring savings and 3% real estate savings. And her team used AI to flesh out savings from the suppliers' contract - if that isnt a good use of AI, then I'm not sure what is ;-)
It’s like politics question time with savage hosting .
🤦🏼♂️
Started: Lordy2020, 13 Jun 2024 09:02
Last post: Savage_KeyboardR, 13 Jun 2024 11:17
Terry states "There are so many scary things that can/will happen under Labour."... Terry have you been under a rock for the last 14yrs? Have you stopped for just a moment to take a look around you, at what's happened to UK under this Tory Shower?
Even your own investment wealth has seen destruction, through the pain CPI has suffered via a stagnant UK economy. You said yourself about NHS waits and chaos... Yet you don't seem to grasp that you voted for these Tories that have caused these successive crises?! Get in the bin! Roll on July 4th which cannot come soon enough!
Couldn't agree more Terry. This is a major , major risk for the UK
Trisor
There are so many scary things that can/will happen under Labour. The things we know are no “planned” increase in Income Tax, NI or VAT. Vat on school fees leading to a number of people having to take their children out of private schools adding additional cost to the state. Tax on non doms so a lot will be leaving taking their cash with them (and all the taxes they pay) and more tax on North sea oil increasing the current exodus and reducing tax take adding to more imported Oil and Gas. These policies fund everything but all will lead to lower tax take or more expenditure.
Add in lots of money wasted on green projects and green regulations for us all increasing our bills. Promised extra spending more government workers etc, high cost of borrowing and credit card maxed out.
The only option is more tax on companies and other taxes like CGT, Dividend tax, Car taxes, stamp duty, property/wealth tax etc. All this will do is encourage companies and high tax payers to leave the UK (SHELL and BP already planning this) and a lot more people scaling back their business (not worth risking investment or working hard) and retiring early. I give it 2 years and the public will turn on Labour even worse than they have with the useless Torys but still 3 years more to go when Labour will double down in the hope that for once socialist policies will work that never have in the past although tested to destruction in many countries many times.
@JG-and that’s another unknown- how are capital losses to be treated in the future. What if you can’t use them or as much of them?
Lordy accepted but in my view this company is going to turn round quicker than you think once the cuts feed through. You are talking about dividends. How will those be taxed ? What rates of CGT will there be ? Will they be linked to you tax rate for example? Lots of uncertainties
Last post: kularatnam, 13 Jun 2024 10:30
The most important and positive message from the RNS is the reiteration of the 2024 guidance , improvement in EBIT and the "NO" to any hint on capital raise. CEO is confident in fund the required investment in new technologies and transformation initiatives with the savings to be made.
In the short term the share price will depend much on todays presentation - how the market assess the capability of AH to deliver on his strategies . I am confident and expect the SP to be north of 16p by the week end. GLA
GoCPI - by all means GP ahead and short BT... I dare you to try it! 👌
Yes, I also agree that BT's revenue will fall 20% in the next 2 years. SP will likely go to the 50s in the future possibly next year - a great short, IMO. The best millionaire maker if there ever was one. Short it baby and watch the money grow!
Go CPI
The CTO is also partly to blame for lack of investment in technology. sweating the assets does not help margins. The use of savage governance policies and hatchet management to resist change has delayed progress! But that is changing!
Hopefully we are on the road to a brighter future!
Lots of hypotheticals stated with this announcement and plenty helpings of positive spin heaped on here too! Aside from that this is a bit of a no news day... yes, for investors it must be refreshing that AH is actually doing something... only time will tell if the cost savings and efficiencies deliver to help the bottom line. Meanwhile the revenues keep on falling, as do the profits... could we see CPI dip close to or even below £2bn revenue generation within the FY ahead?
Started: Stupmy, 12 Jun 2024 12:13
Last post: Stupmy, 12 Jun 2024 16:05
Joe, that article is essentially a advert. I guess they'll be pushing it tomorrow, but there's not feedback for example for the customer for the moment. The way it's written is actually appears to allow it to use lots of big words but say very little. Did AI write it. I have to say I didn't like the article and it hasn't impressed me.
Has Capita got good news tomorrow?
https://www.capita.com/news/next-gen-contact-centre-service-excellence-amazon-web-services-collaboration
Kipper
Its part of the game. Unfortunately we don't know what the plan is!
Stage 1 incoming!
I have added here. Feels like a gift 🎁 😌 imho
@broom, bought more LGEN on the dip today. Very unexpected opportunity.
I get the Schroders 'trading' arguement; but to sell 2 day's prior to Cap Markets strategy update seems a bit odd, with the SP already low.
Started: DARKBLUE, 12 Jun 2024 13:45
Last post: DARKBLUE, 12 Jun 2024 13:45
I am very proud to announce this first step in collaborating with hyperscalers and this co-creation with AWS to launch CapitaContact—our cloud-based contact centre solution, which helps organisations transform customer experience from day one.
This digital customer experience platform enables contact centres in Government and mid-market private sector to be stood up within days, through Amazon Connect's secure, capable and cost-effective platform. Agents are able to be up and running quickly through generative AI-powered assistance and deliver better personalised experiences through robotic process automation.
💪💪💪
Started: GoCPI, 12 Jun 2024 13:36
Last post: GoCPI, 12 Jun 2024 13:36
I can only but say just ignore gaslighters like Savage and wait till tomorrow's update for a steer on cost cuts/strategy. US CPI weaker than expected and the UK will follow - rate cuts in August - good news for Capita. Enough said!!! ;-)
Last post: unhooked, 12 Jun 2024 11:09
Well, if that's Andy Brough, he's known to dabble in a little trading along with his investing. As he famously said, "Shares are for the buying and selling and not to fall in love with because they can't love you back".
They do this every month or two - sell a small amount then another month or so later they buy almost the exact same amount back
Sold a few on Monday then.....
Have i read that correctly??
Started: xciteless, 11 Jun 2024 19:19
Last post: Simpiles, 11 Jun 2024 21:07
Bonus’s
These were cancelled last year, and no bonus this year either. Virtually no pay-rise last year and likely this year either. Capita staff have not had a real pay-rise in 5 years!
Its been a hard time for the real workers. Senior management always got their shares!
Remember these are real people with families who are not part of the problem but remain part of the solution!
Not good signs at the moment from CPI, let’s hope he has cancelled everyone’s bonuses.
Started: GoCPI, 11 Jun 2024 11:25
Last post: Kipper9, 11 Jun 2024 18:38
Very good NF. All of my portfolio stocks have dropped off recent high's. LGEN & AV being examples. I also hold VOD and have topped up today @ 69p with proceeds of some COIN i sold @ $251 and some ITV i top sliced. My DEC have held up reasonably well, but not many of those to worry. Will top up my BATS if it drops to £23
Watching National Grid & Vale ADR in the mining sector.
All eyes here on Thursday for us long suffering shareholders. Lets hope we don't get a 'Jon Lewis' style of update eh.....
Hi JG68
It has been bad across all UK stocks for the past two trading with today being the worst in my opinion.
Most stocks have hit their according support levels and should in theory start to rebound on a more solid footing without going back and forward as of lately seen.
I strongly believe that most stocks have been subjected to that stock market negative algorithm that feeds through the stocks and influences the share prices notwithstanding punters buying in to attempt to control its movements. It's impossible to judge it when market forces are feeding into making most stocks go through a roller coaster 🎢 kind of trading patterns. The only way to hold a cool head during these extraordinary market forces interference that are most likely initiated by the big money funds to disrupt an otherwise orderly trading market is in the first instance to know how to recognise it. If you can identify it, then you don't need to worry too much and rather take advantage of it and pile in and buy more. Obviously you need to know for sure that the shares you're buying or adding into that company has legs to stand and is profitable, otherwise is better to hold back and try to minimise the already ongoing paper losses and exit asap if you've had enough. There's always going to be options elsewhere. The most important is to not get wiped out or be ending sitting with over 35% of your investments in paper losses as that would imply that that portfolio is not going to recover any sooner or not in the nearest future. Good luck
@JG68 - As they say "same sh*t another day". Despite the fact that we may get some interesting info placed before us on Thursday, apathy seems to have really bedded in with CPI. I guess there have been too many false dawns. Just got to hold tight and hope that AH can deliver a plan that the markets will warm to and it actually positions the company where value is created for the long suffering shareholders. Yawn, yawn - I feel I've said this all before.
What a 5h1t show of a day this is quickly becoming
Have just added, much of todays action has been wider market issues
Started: AimMaster2018, 11 Jun 2024 04:45
Last post: AimMaster2018, 11 Jun 2024 04:45
Started: AimMaster2018, 10 Jun 2024 10:51
Last post: bubbles59, 10 Jun 2024 20:23
Surely there's bound to be an RNS issued and 'CPI Share News' both accessible on this platform regarding the positive elements on Capital Markets Day.
Have you registered?
It’s at 2pm Thursday
Can someone tell me how we will find out about positive elements on Capital markets day?
Amostreet
You are right in your assumption, Capita would have an early lead in this area. Capita have been working in this area for some time. Deployment has already taken place for Irish Water!
https://www.capita.com/news/capita-signs-customer-service-contract-irish-water
Read further down the page!
Everyone is missing the key quote in the press release. The one by Pasquale DeMaio, from AWS.
".. CapitaContact will bring these benefits to even more organisations and their customers."
This hints at capital contact, being developed as a product to be sold to other organisations. If that is right, capita(possibly in partnership with AWS) has the first mover advantage in this huge market.
Started: scoredagainsteps, 10 Jun 2024 10:48
Last post: scoredagainsteps, 10 Jun 2024 10:48
Millions i make shorting bt .OH well
Gocpi
I wasn't suggesting you're ramping or anything, just curious given the username.
I tend to agree, I've amassed a large holding over the last 3 years, and this is one stock that I'm going to try and resist selling any when I'm finally break even, which will be the hardest part tbh.
I bought into the JL turnaround king story, so to give this another couple years under the new team is a no brainer.
I'm surprised the market has this so low still, and really believe and hope that soon we'll all be saying we can't believe how cheap it was back then.
JG - "Are you a cpi insider out of curiosity" - Nope I'm not, but I believe this is a deep value investment on the cusp of a turnaround brought about by a new management team. This is why CPI is the second largest investment in the family portfolio.
The real upside for CPI will depend on a recovering economy that will push up revenues from the Experience division (private sector). Thats more of a 2025 story for me. This week's update should be the start of some stabilisation in the SP towards a mid 20s figure over the next few months!!!
Gocpi
Are you a cpi insider out of curiosity?
To date much has been backward looking, be it financials, problems or personality’s. This has been sprinkled with much speculation about what might happen.
I’m expecting this week to draw a line under that and provide a vision for the future and put some meat on the bones how that’s going to be brought about
Remembering markets are forward looking, I’m hoping for a positive outcome
@Gocpi = Lets hope you are correct.
Started: AimMaster2018, 9 Jun 2024 04:55
Last post: Simpiles, 9 Jun 2024 21:16
I have no concerns on a Labour government.
The state has grown to big, the cost of the pensions alone is Astronomical. Labour needs to change opinions. The size of the civil service needs to be reduced. Public service needs to improve. There is no other option.
We are at the end of the road if Labour cant fix the problems they wont get re elected.
I dont see Labour winning by a large majority the trust is just no there!
People will vote tactically
Most people have had enough of both parties!
I am quitely confident that the public sector business will continue to grow, especially as a lot of local authorities will be desperately trying to cut costs, but I do agree with your sentiment about private sector and international business growth. These could well be more profitable as well. As I said previously, these are exciting times .
My view is Capita needs to go harder for work outside the public sector , internationally and I would like to see that .
JG, Trisor, RichP
I think you’ve all got a point.
As said logically & financially it makes more sense to outsource, however the temptation is to take these services back in house under the guise of saving money (which it won’t) but you can then expand your empire, hire more people get a promotion & a pay rise & move on before the proverbial s..t hits the fan
I suspect that when the Labour government comes to understand that it will cost MORE to bring everything in house (salaries, pensions , NI, premises, it infrastructure,etc etc), the plan will quietly be dropped and service outsourcing will be accelerated.
Started: Savage_KeyboardR, 29 Apr 2024 09:34
Last post: Savage_KeyboardR, 7 Jun 2024 14:07
US dollar rallying... investors conclude today’s strong jobs report makes early cut to US interest rates less likely.
$ strength is really going to start to hurt the £ in the months ahead... The moment BoE trims the rate then inflation will pop back up but if BoE holds rates then it'll further damage UK business & household finances.
"By the way what was JL doing, watching Wimbledon, Netflix, playing Empire or just other playing games."
Spot on, Terry - the truth isn't too far from there I'd imagine. He and TW couldn't be bothered to look under the layers of incompetence at CPI and kept selling companies whilst ignoring the real work that had to be done to clean this up.
Capita did. spend a 7 figure sum on improving network Security just before they were hacked. They operate Ciso and Diso monitoring all changes. Much improved.
Silo management and a brutal Governance process run by Senior management. I had multiple conflicts in this area. Won as many as I lost ( Knowing the LAW and due process).
Don’t mention the Pension company I would sack all the management.
Not all management bad just a few select leaders
What adh1927 says is good news as there will be a lot of savings to be made.
By the way what was JL doing, watching Wimbledon, Netflix, playing Empire or just other playing games.
@trisor - I left 5 years ago, so the hope is things have improved. I have no shares in Capita, and work shyness affects a lot of companies. But, it is extremely demoralising when you have people looking out the window all day, or watching sport in the office.
I worked in IT, and there was no incentive for continual improvement, and there was no incentive for innovation. That is frustrating as a person who worked there. I own no Capita shares, so have no vested interest other than "How's my old employer doing". I have to say, it was a bit like the start of the fall of the Roman Empire when I was there as a number of issues came home to roost.
Started: Trisor, 6 Jun 2024 09:02
Last post: Trisor, 6 Jun 2024 18:52
Thats what Im hoping for Shorty
15p seems to be resistance at the moment with not enough volume to get past that.
Could do with a nice contract just before the capital markets day and with a decent plan from AH should push us back towards 20p. Anything past that will have to be shown in the numbers. IMO 🤞
That was a nice jump up to 14.66p in the UT - haven't seen that for a while here .... Maybe bodes well for tomorrow and the run up into Capital Markets Day
If being up nearly 2.5% is drifting….. let it drift!
No momentum here. Drifting. No effect even on the interest rate cuts imho
Started: Trisor, 6 Jun 2024 08:46
Last post: Trisor, 6 Jun 2024 08:46
Does this include an element of re-insourcing?