Member Info for Cesna

'Cesna(150?)'

LoL sadly upside down in a tree...

Kipper, good post.

As there is alot of talk about people leaving I think alot of people miss the point about the quality of the current ceo and the culture he is going to establish. If he does his job right all those who are disappointed and frightened of change will get on board with those looking forward at a different capita.

AH clearly knows what it will look like and where decision points are most effective, efficient and profitable.

I think CPI have been extremely lucky to get AH. The culture is going to change and the tools to profitability in AH words are

Cost out

Spend less

Leverage technical partnerships

Delivery and provision

Agility best practices

Smaller teams

Lol, I asked that too. Only a modest dividend. We might still get it if AH gets a few quick wins and ahead of the curve at year end. Plus his vesting plan ends july 26 so there is going to be alot of action over the next 2 years

'What was the key fact for everyone else?'

The huge opportunity. The CEO has proven experience executing plans to unlock value (Digitalsation, Agile ) and a genuine empathy with customers including private investors.

Who doesnt want to follow that journey ?

Who are you going to trust.

The CEO and new IR person taking serious time talk to private investors or anonymous boiler room narrative.

I choose the statutory route.

'I fail to see how this is not on a predators radar right now'

It most probably is. Classic in my time at EDS and HP.

Dont despair. TLW went to 8p...but only for a day.

Cash ready if the chance arises

A lot of sawdust in the air yesterday might suggest shorts getting out

PS, I am still waiting for a modest yacht on a swinging mooring I was promised last year

'What about the 19p used when this was agreed?'

The only thing I know is Adolpho is not going to risk his reputation for salary.

I have worked with people like him and I am confident whatever is in June, well that's it and dont get in the way...

Nice ✔

Repost

In this post 29 May last year I said:

'In the cycle of things, CPI will probably raise debt end of 2023 for new initiatives, perhaps even under new, post transformation management' ....If we knew it then, why is the market being so hard now?

Underlying business performance is still on track.

Must be more to do with liquidity, interest rates and inflation and analyst spreadsheets than the business performance

Both interest rates and inflation will pause or reduce sometime soon imo. We said in this post the SP would then go up.

I think £1+. Then I will finally be able to afford a 'modest' yacht and pay for berthing fees with a modest dividend.

Its unstoppable imho.

In this post 29 May last year I said:

'In the cycle of things, CPI will probably raise debt end of 2023 for new initiatives, perhaps even under new, post transformation management' ....If we knew it then, why is the market being so hard now?

Underlying business performance is still on track.

Must be more to do with liquidity, interest rates and inflation and analyst spreadsheets than the business performance

Both interest rates and inflation will pause or reduce sometime soon imo. We said in this post the SP would then go up.

I think £1+. Then I will finally be able to afford a 'modest' yacht and pay for berthing fees with a modest dividend.

Its unstoppable imho.

'I borrowed some money of my mum and brought my avergae down to 22.8'

I sent my mother in law, wife and daughter out on the game last night to get more cash for CPI today.

The wife came back with £5, useless. The daughter came back with £25, useless. The mother in law came back with £20,000.50. I asked who gave you the 50p? Everybody, she said!

Thks Hexam. These proceeds on top of the £40m received in H2, too late to report in H1? Its hard to follow but generally net positive for cashflow and debt reduction, whatever the final number is?

NF, thanks for posting all the thing you do, they are interesting.

The morning star stats show ownership is changing slightly from this time last year (Marathon toward AI UK for example) and generally no shortage of new investors who recognize a £3Bn revenue business with great pipeline that will be trading in 5 years time whatever the macro.

The watershed I expected this year is broadly moved to the 'medium' term and the speculative talk with the previous IR person replaced by a firm allocation of cash to the hack, capex, working capital and pension etc. The £40m proceeds of disposals are probably more useful in H2 than lost in the current rout around fcf. Debt is now on the glide path for a business that should be incorporating debt into its weighted average cost of capital anyway, not zero!

I posted a link earlier that the PSNI have made a huge data breach risking the lives of serving officers and makes me think it is another example of where CPI emerging with lessons learnt and new CEO strategy are exactly what is needed to tackle these growing issues, security and digitalization generally.

Https://www.msn.com/en-gb/news/uknews/every-police-officer-in-northern-ireland-has-data-compromised-in-monumental-breach-due-to-human-error/ar-AA1eYedQ?ocid=NL_ENGB_A1_00010101_1_1

'free cash outflow'

Still catching up with the detail they reported. Looks to me like £40m disposal proceeds were received in H2 at the time of reporting. Only £5m reported in H1. Total £45m. So a timing difference rather than a real miss?

Probably balances out in the UT today. Might mean more shorts tomorrow if PIs are still keen. Personally think it comes good wherever you buy and 42p is a good target imho

'Perhaps another durector will take a few?'

Today rns looked like her ned fees for attending a meeting, reinvested. I am sure she hopes for a profit