RE: Strong Position for Growth21 Jan 2024 18:55
Hello Nofear,
I also, feel there's some big moves forthcoming in the coming days and weeks. These moves are towards our target of around 14p to 15p. The support has been tested twice over the past week or so, low volume, wide spread and weak take up are helping.
With results due in march, expectation is that we all know it isn't going to be pleasant. Those disposal cost for 2023 is likely to be higher than what we saw in 2022. Mix in redundancy cost and cybercost. I think a loss on accounts could be seen as profit warning ?
Will MMs, knowing the risk, take this lower to fit their risk reward mix. Time will tell. I think capita is still going through a change post transformation and needs 2 or 3 positive financial reads to see if its turned a corner. Until then, its pinned down on hope.
Should be interesting week
All in my opinion