Not too worried about results, current price has us valued as if they are going to be very bad, now sitting at 1/4 of the price in Feb! Lots of new contracts and coronavirus projects over these last few months.
Even of half the company value from earlier this year we're looking at the 70s mark so nearly double recent price
Mrahman stop deramping, 70p incoming ;)
Another big contract there, its about time this share woke up, seen so many shares recovering that have been massively affected whereas Capita are still powering ahead. Could see this bag in a few weeks
Yes agreed Sirow, missed the boat on rolls but did well on aston after buying after their cost cutting. Their job cuts were much more severe and loss of business very clear, however Capita have been very busy over this period and 200 job cuts, including the planned redundancies, from over 61000 employees is not a sign of a company in trouble.
In my opinion the current share price is very cheap and I think the market had priced in as though Capita haven't been functioning whereas it sounds like it has actually brought in a lot of new contracts and partnerships, including Google and Microsoft, and the 100 new government coronavirus projects they're working on.
So many stocks have recovered from the initial drop and CPI certainly seems to be lagging behind yet they have still been getting new contracts and taking advantage of the current situation. Plenty of upside here IMO, hopefully starts to wake up this week!
An article in this weekends Guardian. 200 jobs to be cut, including planned redundancies. For a company that employs over 61,000 thats pretty damn good!
It sounds like capita have been very busy during the pandemic period with lots of new contracts including the 100 pandemic response projects for the government mentioned in this article. Add that to the recent partnerships and contracts they've informed us on and its looking like it will have been a good period for Capita!
https://www.google.com/amp/s/amp.theguardian.com/business/2020/jun/14/capita-to-axe-at-least-200-jobs-amid-coronavirus-cost-cutting
Topped up, its holding up well considering some of the moves this morning! Red across the board and this is my best performer. Sign of a good share for me. Should see 50s on next market blue day. Short term target 75. Plenty of upside here IMO
II's don't seem worried, R&M, RWC and Norges banks all upped their holding over the last week or so, now holding 23% between them. Must not have got the same memo as MrNation...I prefer you when you're ramping. Similar moves to AML here for me