Member Info for Culley01

@Jordi thanks for the cabinet office update & it seems despite volumes of incorrect data the pension scheme is now pretty much under control with large sections operating normally & the catch up virtually complete but being held up by retirees not supplying data requested as well still some areas where data is still being rectified- I guess we’ll know more on Thursday.

Certainly nothing to justify the massive & continuing fall in the SP - pure manipulation by the MMs which in my view should be illegal

Market’s not man’s I hate auto correc

@Kipper in the short term you are right & until CPI posts profits & forcasts with increasing revenue/profits the market will dictate. however come August results we will be getting all of the above & we will be close to seeing £100m & rising profits forcast with dividends not far off ( I suspect early 2027) & at that point the man’s can’t ignore the figures because this will open CPI to a much wider group of investors

I suspect we’ll get a somewhat inconclusive statement from the CSPS along the lines of ‘much progress has been made whilst there is still work to do etc’

Presumably the actual shorts are a good deal higher than the 6.7% or so published as holdings of less than 0.5% aren’t published

At this rate we will be down to the £2s by the end of the week.

I must say not a level I expected to see again

It’s Capita referring to type where only a constant supply of good news keeps it from falling. No news and it falls anything vaguely negative & it tanks.

The CSPS pension clear up is now vital & if at the end of June we’ve missed targets , even if it’s not CPIs fault this will decline further.

I’ve been very confident in August results being the real turnaround but I’m beginning to doubt that it’s going to deliver

Not sure why as JPM were busy buying in the last 2-3 days we had such a major drop in the SP.

If I was cynical I’d think that there were some dodgy dealings going on

To quote a phrase used by many ‘ The darkest hour is just before dawn’. I really think dawn is not far away- months not years

Just added yet another top up.

In theory we are looking at £1b+ for the public sector & £200-£300m for the pension business giving us in excess of 3X current price - so bearing out Canaccord rating & Rockwood

I would just like the theory to be proved right

@Eddier Yes they announced it will be postponed until the completion of the sale of the contact centre ( so they can produce updated projections) which is expected in August. So next official update barring a RNS is August half year figures

Very encouraging- 4000 quotes in 2 weeks is impressive- looks like were going to make it by end of June although I suspect there will be various loose ends & adjustments to make over the next few months

Let’s hope that all the awards are resulting in profitable sales & increasing turnover which will show up in the August results

I don’t think they stipulated a date - simply that it would be after completion of sale of contact centre which is expected by August.

Of course we have half year results in August so I would expect them to be between August & December update possibly September/October

I think there’s room to reduce debt & pay a dividend

10p/share is only £12m which should be easily achievable for a dividend early next year year

I don’t think FTSE 250 entry will make any difference to the SP.

I know in theory that there is a wider appeal & funds covering the 250 should buy in but it doesn’t move the price much (& didn’t when CPI were last in).

The FTSE 100 is a different matter but I think that’s around £3-£4b

To put this in perspective only a tad over 26p in old money

Plenty more to go - we were 40p not so long ago & it’s a much better company now

The August results are going to see a further push ahead

@Raffles it was an interesting read & basically came down to the AI interpretation that the recovery is all smoke & mirrors or do you believe it’s real. Well I & other PIs with a load of IIs believe it is real so fingers crossed & we’ll all come out OK

There does seem to be a gradual shift to overseas staff where talent/ work ethics can be had for less money than in UK

I meant public division £1b NOT £1m & pensions £300m NOT £300K

At the risk of public derision I’m going to back YTee’s positive stance with the proviso I have no idea what short term movements are going to be.

We have a company whose public division is worth around £1m. The pension division is growing fast with high margins - say £300K although if it keeps going like it is this could increase substantially.

All this is without the effect of the AI driven marketing/business that we have yet to see mature (currently we’ve had the benefit of cost savings but not the growth).

So we have a business worth probably worth 4X current values (hence Cannacord’s conservative estimate of £9) with much more to come.

As for timings I’ve no idea but 3 years max.