Member Info for AdamPL

That stock challenge website reflects the data before the last reshuffle during 1st week of December when our (Capita’s) market cap £398m … we (Capita) are at c.£440m today so we (Capita) should be several places ahead on a like for like basis … however next official review and subsequent reshuffle wont be until late Q1 2026. The market cap of position 350 as of the last review was £447m with automatic entry at position 325 of £544m.

We’ve got to be close to a pre-close trading update by now … previous years have been 13th, 14th and more recently 17th Dec (2024). Serco’s pre-close is next week (17th) and the 2 are never usually far from each other. Either way we’re on the cusp of something. Fingers crossed and good luck everybody.

Let’s all just spare a thought for those poor sods Worldquant, who decided to increase their shorts just over 2 weeks ago … they might be about to get their pants pulled down imho :-)

The nominal value of the shares is 2 pence and 1 fifteenth of a pence. This is why the consolidation is 15 to 1 to remove the fractional element. 15 multiplied by 2 1/15 Pence is 31p. It’s the nominal value only. The Mcap will be the same divided by the new number of shares hence the increase in share price, which at 14 pence per share would mean a new price per share of £2.10. On a constant basis no major impact for PI’s.

When was this Hamm ... I can only see the ones by Rupert as exiting CEO sold in November, which were not a surprise.
Pretty sure the incoming CEO will now purchase over time in line with minimum holding requirements, if not already met in previous roles in Serco.

I think of it as professional scepticism ... if it's not clear then either people won't understand it and be naturally pessimistic, of they'll be suspicious that issues are trying to be hidden in the complexity ... none bode well for a positive sentiment for valuation. As for share buybacks, I think this will be the last thing on their mind, as this would start to impact gearing and could impact any bank covenants. I think dividends will be a priority as soon as sustainable free cash flows are being generated - and personally I'd rather they eradicate the complexity before they move onto them. Fix what needs fixing and ensure it stays fixed.

Starting to shift now ... don't think it will sustain immediately, sure there will be some volatility for a while, but positive indication at least.

Agree Sirtreeman, hard to imagine that SM is the same person that was awarded 2018 Best Investor Relations Officer Award ... I wonder how he feels about his performance at Capita in contrast.

Did anybody see the webinar with Stuart Morgan earlier today ? ... Overall I thought it was quite poor, with a lot of the year end presentation simply regurgitated ... I thought it was interesting however that Stuart Morgan indicated that if the sale of the Portfolio Division goes to plan then Capita, if they so wished, could be a "debt-free" business by HY 2023. Obviously this would be on a pre-IFRS 16 basis and I think a certain level of debt is healthy but interesting that he could see that as a confident scenario. Also talked about potential dividend resumption, but conservatively this would be at the earliest a discussion in 2023 for effect in 2024. Anybody else have any thoughts from the webinar ?

In most cases the sale is not optional, especially if the shares are part of a scheme that has vested and options are being exercised. A number of shares are granted, then on exercise a tranche are sold to cover associated tax and NI with the balance retained. If these are performance related shares then highly unlikely they have been sold at a loss, or maybe just strategically advantageous from an overall tax position given the potential growth and associated dividends on the shares retained.

Perfectly normal treatment and certainly not anything untoward. A balance sheet is what a company owns and what it owes. So when assets are sold / disposed or impaired they come off there is a reduction in assets, similarly the proceeds are in increase in assets - very rarely do the 2 figures agree. What you are seeing in the income statement is not the proceeds, but the differential as either a gain or loss on disposal subject to the maths. What you need to focus on is not trading per se but underlying trading profit i.e. that attached to the ongoing business.

Results announcement is on the 10th March

Chairman bagged 70k as well

well that didn't last long ...

Takeover "rumours" apparently ... https://www.thisismoney.co.uk/money/markets/article-9913159/MARKET-REPORT-Takeover-chatter-bolsters-Bab****-International.html

not yet ... was paid Friday so should clear any day now.

* lower than it was ...

The dividend was less about value and more about a token ... don't forget its the first dividend in 7 years so this is a major milestone, I would imagine they have been cautious with this one. Whilst I have some reservations about whether the buyback programme was the best use of cash it will increase the share price as they are planning to cancel c.50% of the shares bought once the programme finishes later this year. Either way I'm disappointed with share performance, the share is now now than it was before guidance was upgraded earlier in the week.

contract win, acquisition completion and upgraded guidance ... definitely should be higher.

starting to move now !!! .... and about time too.