Member Info for AimMaster2018

Buyback having not much effect. Just slowing the drop slightly imho

Issue here is, share buybacks isn't stopping this drop, once those buybacks stop. The drop could accelerate imho becareful

Next support I'm seeing here is 1.60 imho

10 year low ?

And companies that can generate fcf is very valuable. If inflation persist. It could cut out competition as small firms goes bust, if AI is applied correctly they could win more contract by tendering at lower price. Key is, control the cost base, trim the fat, it should jump like a spring imho

Higher inflation is no good for growth stock that is dependant on consumer. Household with tight budget isn't going to pay those higher prices. Increase debt becomes harder to service with higher debt cost. Defensive sector, where contracts are secured, debt is low and public sector growing at 4% plus at times of high inflation seems a good investment case imho

I do feel capita experience division and some contracts are taken offshore. So 1 UK employee wage, you could get around 5 employees at same cost abroad saving roughly 75k PA. Plus have 5 calls taken at anyone time to just 1, making labour cost cheaper hence increasing margin. So although revenue has dropped in experience, the margin can increase significantly and quickly once offshored. After they've been trained etc. Experience have been behind public sector. So you can see public sector has started growing from 1% to now 4-5% which accounts for 62% of the revenue. And that's early stage growth. Once experience follows then both division could deliver some significant growth. Imho

The final pension business and cash drain associated with it, that news as and when its sold would be welcomed. Putting that aside, even with the cash drain, the business is expected to achieve fcf from end of the year. Should the final pension business closes even after December. The 20m cash benefit could put rocket on the share price. So I think once fundamentals improve even further here. Take the final pension business as extra bonus on top. Alot to play for. As each year passes, lease debt is reducing. So fcf likely to improve through efficiency through margin improvement, lease reduction, lower debt servicing and hopefully sale.of final pension business imho

'The company maintained its target for flat adjusted revenue in 2025. It also upgraded guidance for the Public Service division, which now expects mid-single-digit percentage revenue growth rather than the low-to-mid-single-digit previous forecast. Pension Solutions aims for a mid-single-digit increase.'

Public sector is 62% of group revenue, the higher that percentage gets, the better for the company imho

The close book exit should be seen as a wild card news when it lands. What matters now is, reduce property print and increase cash reserve. Retain cash once cost cutting is implemented. Then use cash to grow the business but this time keeping debt under control unlike before when it went above 1bn imho

Yes trenners, accumulating at this stage imho the cash used for cost cutting let say 50m. Next year, would be free cash which is around 20% of the market cap.imho

U seen the futures market, markets hitting all time highes. Imho

Yellowstone interview today should give us a feel of where this heading. In 4 months time, cost cutting exercise expected to come to an end and fcf start to generate which has been long time coming. Imho

So I'm hoping richard stavely/harwood past the threshold for Declaration of major holder who are what you call long term holders. From all the interviews and how he has spoken positively. To have further bite at buying more for less at 16p in old money. Whether they'll jump to buy more would be interesting imho

MrBrian28, good point, just as the delayed rns, that threshold data is questionable too imho. How can a stock drop 30% from its peak in a month. Such move has to be II selling. A 3% reduction in holding is the only thing I would could think off to cause that move. The price didn't gap down it was walked down. Such move has to be Ii and there's been no rns of reduction even though we thought it could be rwc. Imho

Macy, we now know schroder don't like to hold more than 20%, they've traded. Weve also seen, they have sometimes got the timing wrong by selling to get back in cheaper but the price risen and had purchased at higher price than what they've sold at. You can say, they've probably made profit on the ones they've sold so well done to them. You would rather have multiple II holding than one large II holding who could cause the drop in the price we've seen. I'm greatful I could get back in near what I sold at which am sure heatseek77 will tell you lol this rns gives us the reason a closure why the price has ended where it has. RBC pre and post results still set a target of £4. Which is another reason why schroder selling wasn't business specific Imho

Thank u kipper. Do your own research trisor lol imho

I expect them to buy back. They use to trade in 0.5%, but this is the first time they've traded in 3%. Imho

It's likely they didn't want to be over expose and took profit on batch they purchased around 16p mark. So the drop in price is safe to say wasn't company specific but rather schroder repositioning themselves. The price that rose from 1.90 to 3.50 from around 1st May to 10 July were new II taking position before schroder started taking profits. It would have been better if schroder reduced whilst new II were buying to see a progressive rise rather than reducing on lack of volume for it to drop to 2.40. Otherwise it would have been a steady rise towards December. I guess its allowed few PIs in at these price with marker cap of 275m. From january 2026, the outflow to cut cost likely to be none existent giving the fcf. So I'm greatful to schroder to allow me in at this price with 4 months to achieving FCF imho

Now thats an nteresting rns that. Schroder has held around 17 -18% ish stock for past so many number of years paying higher price for it. Then they've tried to trade 0.5% ish here an there. But recently they took they're holding close to 20%. So 3% purchased around 16p ish old money and sold that 3% ish at a profit for around 23p ish (3.50 new money) and all the way down. So I reckon theyll buy back in and increase their stake to around 18% and bring that avergae down significantly. So even if there was a takeover, they'll accept something lower that 40p in old money as their average should be lower. Imho