RE: The floor19 Mar 2022 09:42
Thank you canetoad, as you can see from the break down of how share price has decline over the years that canetoad has presented. 5 years ago, the business wasn't making profit, had profit warnings and revenue was declining, retention was low and orderbook didn't look attractive. THIS YEAR I.e 2021, capita is PROFITABLE for the first time in SIX years, revenue have INCREASED for the first time in SIX years, Have strong orderbook, REDUCED debt, expected to have POSITIVE free cash flow in 2022. Inflation has INDEXATION clause to pass onto clients. And proceeds of £111 million from trustmarque to come along with the sale of insurance in the coming weeks I read...a company with £3billion plus revenue and valued at around £360m. In government secured contract environment. The price should be where it was more than 6 years ago. So atleast 100% from here minimum. Barclays has this priced at 65p based on recent report. All in my opinion above using canetoads info below.