Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
This I found useful below.
Capita faced numerous cash drags in FY23, notably £20m in costs associated with a cyber incident, a £30m pension deficit contribution and a £20m increase in technology capex, which depressed the adjusted free cash outflow before disposals to £116m (£42.4m outflow in FY22). Despite these challenges, the implementation of a rigorous cost efficiency programme and the strategic divestment of non-core assets have the potential to fuel a turnaround. Some £160m of annualised cost savings are expected to be realised by mid-2025 (part reinvested for growth), aimed at bolstering a significant improvement in operating margins. As margins improve, shifting to faster-growing market segments with a more competitive cost base could catalyse a reduction in the valuation discount.
- The challenges highlighted has happened in 2023 and market has been punished for past events.
- the 'bear' points on the article is questionable. First, the company renewal dropped on price. Which was expected as the company is trying to win contracts with higher margin to be profitable rather than fulfilling contracts at lower margin that has been the problem of the past. Secondly, negative free cash flow is covering cost of saving £100m. The majority of this outflow is covered by the payment received from fera which wasnt covered in 2023 accounts. But the cost saving of £160m is long terms benefit. Thirdly, it mentioned cyberattack. This technically applies to every company. The cost again has been factored into 2023 accounts.
The lowest price one analyst have set is 18p. And another 23p? And ones nofear found are way above that. So at 13p. With no pension payments from 2025 onwards, £160m cost saving, margin improvement and in tech space thats being digitalised and AI implementation. Future looks bright ? Imho
https://www.smartkarma.com/insights/capita-group-capitalising-on-a-more-streamlined-business
Imho
Surprise sky news are slow with the headline? They were quick to announce takeover rumours. But nothing on yesterday's annoucment? Wonder if there employees are also invested lol imho
I expect a raise on Tuesday open. Price to fall to that level. Then drift as extra stock flood the market.imho whatever happens, it was meant to be. Money is something no-one owns. We use it whilst we're here to spend it and gets passed on from generations to generations while the world continues to spin. Live comfortably and happy. Time is the most valuable thing imho
Hum is resource, and rns helped the rise. Here, situation is different retail sector has suffered, if sdry couldn't turn it around during the winter, people ain't going to wear hoody in the summer are they? Plus, the equity raise (bad cloud) still hangs over. No one likes to be diluted. The interest on debt is very high. Double digits? Clearly lender charging those rates because of the risk factor of lending? It doesn't loom too promising imho but gla
Remember 'no news is bad news' imho
This is a demonstration of what people have always said. 'No news is bad news'. Perfect illustration here imho
I think alot of people jumped in thinking the ceo was serious, he's been talking about taking it private even before the takeover rumour. And with the Extention showed his intent to take this private. Alot of PI would have jumped on board thinking the Extention is hope of a deal being finalised. I don't blame them. In the end, it's a no deal. So from being 80% confidence of this deal happening just gone down to 0%. Market makers sold their stack at 20% profit at the start of this week with the rise we saw and I'm in no doubt MMs will pull this down on Tuesday. Very sad. However one lesson can be learnt is, nothing is for certain imho
People keep talking about takeover. Takeover over was circling the business for 2 months. Yet no one has put offer in. Look at currys and dlg, both had takeover approaches and interested parties backed out. Next didn't seem interest when the price was around 16p pre takeover rumour, they arnt going to be interested at 30p lol let's be honest imho
Pre takeover rumour, the price was around 16p. So in a normal market the price should be around those levels but with further debt at higher rate and summer time starts, can't see sales increasing with warmer weather. The business is in survival mode. So calling 12 to 13p with or without placing imho
I'm calling a placing announcement at 'significant discount' before markets open on Tuesday. I would be daft to let this tank on Tuesday then announce placing to issue more shares and dilute to the oblivion. Its far easier to place around 15p than wait and watch it drop to around 15p then raise at 10p or below. So practical sense to place before Tuesday open whilst price is still around 30p imho
The total footprint of the Group’s property
portfolio has now reduced by 31% in the last
three years. The IFRS 16 lease liability associated
with our property portfolio reduced by £30m
across 2023, reflecting the continued reduction
in our leased property estate
Digital transformation and
artificial intelligence
We are taking a measured approach to artificial
intelligence (AI) and generative AI (gen AI),
working with our clients and partners to deliver
effective and efficient solutions as the technology
continues to evolve. We expect that gen AI will
allow us to be more productive and offer our
clients superior solutions.
We plan to turbocharge our relationships with a
number of trusted hyperscale partners, including
Microsoft, AWS, Salesforce and ServiceNow.
We also plan to partner to develop and deliver
solutions across a wider span, creating a more
digital Capita, delivering an efficient and higher
quality service and experience for our clients
and their customers.
We have already integrated digital and AI
solutions into a range of clients. For example
in the Public Service division, we have utilised a
new Metaverse virtual reality tool for submarine
qualification training within the Royal Navy.
This modernised solution improves the learning
experience and enables better trained
submariners to be on the front line faster.
Within the Experience division, AI and gen AI will
augment our agents, upskill our people, provide
critical information quickly, and enable our people
to be more competent and capable, which will
in turn deliver better customer experiences. AI
has been implemented in the division across a
number of contracts in four key capability areas:
chatbot/conversation AI; conversation analysis;
data observatory and analytics; and
correspondence digitisation.
We are continuing to develop further AI and gen
AI pilots across both divisions, for example on
our BBC and Transport for London contracts.
Who remembers lol 😆
The steamship company having a dig imho
"We also had to consider Harland and Wolff’s financial stability," a spokesperson said.
"The audit opinion in Harland & Wolff’s most recently published full year accounts was that ‘a material uncertainty exists that may cast significant doubt on the group’s ability to continue as a going concern.’
It's like a war imho
Consuela enjoyed sending that link lol imho
Keep them coming nofear
Https://finance.yahoo.com/news/amazon-amzn-teams-upstage-boost-142700928.html
Gen AI seems to have a success at amzn. They're hoping to expand further. AH has been part of it. So understands what he's talking about imho
The share price movement seems to have been caused by retail investors, it think everything bad you can think of other adminsi..is priced in. I think its priced in lot more bad than we know. So likely to see 14 imho
Its
Think we may see movement in the next few hours. To mee, it ms turning, just needs volume imho