Member Info for AimMaster2018

I'm not seeing any major sell off by any major institution. Just subtle changes by multiple institution as you would expect in normal trading. I see smaller II taking up positions. With the volume we have had since results. Doesn't really match the share register which to me implies what HP was saying. Its retail investors caused the increase in volume post trading update causing the drop ? Imho hope am reading it correctly

Cheers nofear,

Some good info imho

Hope it goes well for you Nofear 😀

Trisor, I think it was mentioned multiple times that business exit cost was going to swallow up the profits especially when their were lot more disposals in 2023. Sharehead argued that market is forward looking but what happend is market didn't like the 'loss' made in 2023. Immediately you would think this is near or close to bottom as business exit cost is no longer going to eat up profits. Most of the exceptional cost were thrown into 2023 account so one could assume results in 2024 is going to be better than 2023. And even better in 2025. Before market realises the business has turned it has created opportunity to buy at 13p. One would most likely to atleast see 100% return from 13p to 26p . Realistically achievable than 20p to 40p imho further to this, takeover is quite possible too. So risk reward is more in favour of the latter. All in my opinion of course

It's worth highlighting that the company made loss in 2023 due to some of cost that's likely to not reoccur again

1. Cyber cost

2. Business exit cost

3. Cost reduction cost

We know 1 & 2 is last we see and ended in 2023 but point 3 is something we may see in 2024.

So on point 3. The benefits far outweighes its cost. January redundancies saving £60m and further cost saving of £100m to be announced in June will have long term benefits than its cost. These cost reduction cost are one off that's likely to have long term benefits. This in turn is expected to increase margins leading to increase profitability.

So in 2025,

1. Cost reduction cost likely to drop off

2. Margine should have increased

3. Pension cost drops off

The annual report is lagging indicator and reflect the past events. Many use 'reported' figure of what actually happen 'adjusted' figure is adjusting to business exits and events. In 2024, reported figure probably more in line with adjusted figure.

If one asked a LTH here, 'business exits cost' swallowed up much of the company profits. Which has lead to headlines on how capita performed as all media would look at is bottom line figure i.e profit

Now that 'business exits cost' is last recorded in 2023 report. Profitability should increase alongside benfits of cost reduction programme filtering through plus increase in margin.

As highlighted below, capita has way underperformed to the general market sitting near 12 month low at prices seen in 1990s. The analyst have set price targets of 24p and 18p with sector perform. At 13p, we're performing below target price and also the overall sector.

A market cap of £225m on a company producing revenue of around £3b. Subtle change in margin has a huge positive benefit.

There's been number of director buys implying they see this cheap injecting confidence.

Lastly, major institutional investors haven't reduced which was confirmed by HP in the email with no TR1 since results.

I'm sure nofear would agree with above

All in my opinion. Gla

Looking good for this afternoon imho could see 14p + imho

If people leave without being forced out. Then company saves on reduancy cost helping liquidity. I think ex-employee who were made redundant on high pay package will I'm guessing will come to add their 2pence here especially when they could have shared their views whilst employed. Why now? Imho

Known

Was it know before today's trading day? Imho

When was this article published, says 1 day ago? Imho

Bet consuela had pleasure of posting that ? Imho

Come on capita, show us 14.50 imho

It'll break through, patience imho

Well done AH. Want tim weller to add some now imho

As sharehead use to say when the price was around 19p that it was priced to go bust. At 13.5p it really is priced in everything bad you can think off other than going bust. Imho

A normal person would sell if you felt concerns about a balance sheet. Take the loss and minimise your losses. To go from this:

Capitalizer

Posted in: CPI

Posts: 527

Price: 18.80

No Opinion

RE: Decent thing is to shut up31 Jan 2024 13:15

Solid recurring revenues, drastic reduction in debt, plus a commitment from a proven, hungry new CEO to cut costs is all I need to stay long.

In other words, there is the possibility of a multibagger here. I invest in those possibilities. Simples

To being concerned 🤣. To two extremes tells me, ur pretty clueless about investing imho

On my observation, Capitalizer might be a holder, whose either waiting on some funds or waiting to get paid to average down significantly at these prices or something isn't right lol 😆 imho

Raffle, if one is a holder, with head in the sand, why would one deramp their own stock they own. Especially the point he raised about cash position. Balance sheet are past events. We're now in March 2024 where cash position has changed significantly with post balance sheet events.

Here's another lol

Capitalizer

Posted in: CPI

Posts: 528

Price: 13.62

No Opinion

RE: Sheesh you lot really are a bunch of Pansies...13 Mar 2024 16:23

Well said. I will also buy at 12p if it comes …

But then I might be tempted to wait for 10p lol 😂

'…. And total cash is only 155m on the balance sheet, down from 396m in 2022 … so no, I don’t see how they have the onerous provisions covered by cash / working capital'

£155 million cash from 2023 plus receipt of 51m? From sale of fera plus saving of £60m in wave 1 cost reduction programme giving a total cash position of around £266m.

Further cash likely to be released on £100m wave 2 reduction programme which will partly be used for growth and other helping the bottom line.

I think there sufficient cash imho

If there was one thing I prefer, is to be taken over around 30p to 40p imho

Kipper9, it doesn't affect the price imho