RE: Pay360 sale14 Aug 2022 13:43
Thanks for posting the link to the Pay360 article PanamaPete. If next year pay360 is expecting £15million profit and it's valued at £200million, it will therefore generate income of approx.7.5%. Maybe I'm missing something but what is the logic of disposing of something earning 7.5% (and growing)in order to pay back an equivalent amount of debt which is probably only charging 2 or 3% interest? Personally, it would seem better for the company to leave that £200million on the books.
I'm not trying to be negative here as I've accumulated an investment of 60,000 shares in Capita, of which holding I'm targeting at least a tripling in value in due course. GLA Holders!