Oh, what do you know?!? Capita has significantly outperformed Savage's picks. It is likely that Savage is underwater on his investments. Had he bought Capita, he'd be in profit. Its not wonder he is so frustrated.
The share price dropped a staggering 25% over just 6 months. I would suggest this has much further to fall based on financials and the terrible macro outlook for GBG.
GBG has far too many employees, a shrinking customer base and it's very inefficient when compared to rival businesses (which explains why competitors to GBG are taking the lions share of the market). The turnaround plan is all based on cost cutting, and margin growth. When the plan should have been about growing sales and becoming more efficient. IMO the BoD is driving the business into the ground.
Dont worry you will still get in a 221p and below. This speculation fueled dead cat bounce is not going to last long. Sub £2 is nailed on in the foreseeable future.
CPI has far too many employees for their shrinking revenues. Sales dept not doing its job properly when it comes to closing deals (lack of contract RNS').
SSPG soon to be ~Ā£2bn annual revenue, and when that lands there's going to be shock from the markets IMO as the realisation kicks in that the so called 'Turnaround Plan' is not working.