SP n summary5 Jun 2021 07:55
Hears some information I have been able to find.
- ismail amla who is chief growth officer generated pipeline of 18 billion pounds which is 3 fold before he started 2 and a half years ago
- the business was expecting revenue growth in 2019 and was delayed 2 years and is expected to reach that point this year. I.e 2021
- in recent reports, it was said organic growth is to be achieved this year and sustainable growth next year.
- the company generated profit in the last statement showing the business is resilient given the pandemic and showed cost cutting working effectively.
- many offices have been closed to encourage wfh. 35000 staff were given option to work from home and looks like they may have to sign wfh contract
- There was also a £43m hit from staff choosing not to take up their holiday days during lockdown however this year the business is encouraging people to take up 1/3 minimum of their leave in the first half of year.
- JL said, capita is now in a better position than they were before the pandemic began where share price was multiple of this
- debt level has been reduced and with further disposal, either in H1 or H2 will significantly address this issue head on
- directors are buying
- schoders are still holding large stake
- Tim wellor has joined from g4s
- compnay has reduced loss making contracts
- Won royal navy contract worth over a billion, yet the market cap is around 650 million
- it's competitors have done well with share price yet capita has mainly lagged
- this I belive is non covid stock, given lockdown and if any is forthcoming, the company is still operational.
- the business is uk based and can take advantage of stronger exchange rates
- if any restriction did affect the business, then everything opened up anyway and whether the reopening on 21st June happens or not, doesn't effect the business as they don't operate in night clubs or big event, and social distancing is taken care off with wfh business structure.
- as soon as the last statement was released, people were happy to pay 50p per share. There hasn't been anything change other than contract wins, director buys and appointments of new people to the board. So share price at this level...well, no brainer for me imho.