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Agreed DIrective, like to see a steady rise to 50s/60s and stay around there, 50s to be the new 40s, some spikes into 60s and some drops into 40s, similar to what's been happening here in thqe 40s with drops into 30s and rises to 50s.
£1+ on ESS sale
This was priced to fail, only 10% down with a strong H2 expected. Price needs 100% rise from here to be around 10% of the share price this time last year...
This was priced as if funding was needed, update confirmed enough cash liquidity for the year...
We now have the unexpected bonus of the Eclipse sale and still priced where we were couple of weeks ago.
Then add in to the mix that ESS is being prepared for sale for expected £500million+
Hopefully we will see a proper market reaction tomorrow and over the coming weeks and rerate based on a decent update that cleared up financial worries with decent revenue considering current climate.
This should be priced higher without the knowledge that ESS sale will cause a massive rerate when it does happen
Panda sorry I mean Ben, you need to remove the £sign it was 2.2million shares not £.
Also a UT is an uncrossing trade, buy and sell made at the best bid/offer price. The amount of shares indicates a lot were trying to either sell or buy in the auction and that was the price for equal number of sells and buys to perform an uncrossing trade
Thanks ST1992. Very surprised at the drop today but I still have confidence we're going to see good gains here, feels more Covid safe than some of my other recent plays that surprisingly rerated on far less than the update we've just had. Let's hope for a delayed market reaction on the next blue day
Pretty sure you're the one that's been called out with your aliases mate, my position is clear here and very bullish.
One last time whats your position here? Short or paid deramper? Time for some clarity. Surely you wouldn't just waste your time posting negativity on a single share...
Panda again what is your position here?
No upside? Debt covered for the year, no fund raise, revenue only 10% down in these unprecedented times, Eclipse sale to finalise by end of month, ESS being prepared for sale. Massive upside and when the market recovers so will this and then we will see the proper reaction to a good update
Had to suffer you here for more than a week mate. Out of clarity what is your position here on your 1 single share post account? Short or paid deramper?
If neither why are you wasting your time here...
Let's see where this is in a few weeks time. Probably similar increase to the last run you missed from 20s ;)
@Volcano
The Board believes that, based on a wide range of scenarios reviewed by management, our existing financing arrangements and mitigating actions taken and planned provide sufficient liquidity and enable Capita to comply with its banking covenants at the full year, and operate through these unprecedented times.
Yes ESS sale will cause a huge spike but this is undervalued without it. Strong cash liquidity and only 10% down on 2019 where the price was over 105 and went on a steady rise for the rest of the year hitting over 170 in 6 months. That was without any disposals strengthening their balance sheet and the potential of being debt free!
We estimate that liquidity at 30 June will be more than £640m when we take into account the effect of this debt maturity, further operating cash inflows and the reduction in the backstop liquidity facility as a result of the receipt of the Eclipse disposal proceeds.
Thats AFTER paying back £165million and BEFORE potential ESS sale of £500million+
Over 96% raise from here just to be at 10% less than the share price was this year where it then started to rise considerably. Very strong liquidity now too. PLUS the Eclipse sale and potential to clear a the debt... In theory that should see the share price higher than this time last year, not down.
Recovery in play