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Exactly Terry.
We don't want any more bangs from Mr Lewis. He's knocked us about enough
What holds CPI back is the low profitability / the loss making and the negative FCF.
IR have told us to expect more of the same for the next 12 months, and that the TU will be in line with the half. So anyone hoping for a turnaround in the SP for Christmas will be sadly disappointed. But the info is there in plain site: expect impairments, losses and negative cashflow.
I'm long because I know there is a good business in there that just needs the right leader to liberate it. I hope AF wants to get wealthy. I hope he's hungry.
... and some positive FCF and a return to decent profits with a divvy on the horizon ...
Fingers crossed
This board would be poorer without Aim.
Characters bring a BB to life.
And what a great name!!
Long live AimMaster!
imho ....
Topped up again. Just so that I will be able to say I bought at 16p
Trenners,
It was Yazz (and the plastic population), not the much classier Yazoo.
IMHO
Sell to trumpets and buy to cannons. Simple
The II’s will take care of JL and co. I hope
ASAP
Why would it go bust? Share price doesn’t affect the economy of the business. Or am I missing something fundamental about how a stock market works?
Thanks ScardeyCat
The question is whether there could be unanticipated impairments arising from the L&P business that would hit profit and FCF ??
Does anyone know the answer to this?
JG68, regarding the life & pensions drag, my understanding is that we swallowed all that medicine in 2021 when the impairment was booked and 43m put aside to cover the liability in the years ahead.
Am I wrong?
I’d like to see a better control of the narrative by the BoD and IR …. But that needs the leadership and vision that I hope AH will bring.
In the meantime …. hold. And don’t look out from under the blanket before next summer!!
Agree, Lordy.
I note a few who seem in same position as me - heavily invested, average in 20’s, long and willing to wait it out, but nonetheless depressed by the paper loss. Trenners, JG68 etc
There is no secret or hidden information: it’s in plain sight. Negative CF and rising debt killed the SP at H1 and we have been warned to expect the same in H2 in December. I really have no idea why anyone writes on here that we’ll get a good update in December. We won’t. They’ve Already told us we won’t.
So don’t expect any good news until at least august 24. That means the bottom could be single figures. The only thing that will make a difference before then might be a clear, growth-oriented turnaround strategy from AH. Otherwise no-one will have a reason to buy and many will have a reason to sell. If you have the stomach for it, just enjoy the low prices and buy more. If you don’t, bail.
I’m sticking around because I think there’s a good business in there somewhere! AH just needs to chisel it out and burn off the dross.
IMHO
A) and d) are possible and I really hope to see some ballsy moves fro AH. This year, unfortunately, b) and c) are extremely unlikely. Sadly, frustratingly, irritatingly
I thought IR were saying no more impairments and hack expenses though? Sorry to hear it if they’ve changed their tune
Let’s hope so
Not good
That should read “poor timing and presentation…”
The drop was caused by impairments caused by disposals and the poor ting and presentation of these events. If Capita can get to year end with no more of these then we should see green shoots of ebit and fcf and a decent rise IMHO.
But!!! The bod needs to pull its socks up and drive the business harder for better metrics. I hope AH understands this and is ambitious!