Member Info for Culley01

Personally I think the Trading Statement should be mid Jan
Usually the timing for the release is dreadful just as everything is shutting down for Christmas & any possible impetus is lost.
As many have said we need:
Zero debt
Dividends reinstated
Genuine trading profits (excluding disposals) in the region of £100m +
We can’t be that far off but until these figures appear in the Y/E accounts I can’t see any substantial rise but once this is achieved I would expect to see a major re- rating

@Cashola I do agree about a buyback. Jon Lewis was indicating a share value around £1.00 is feasible so to buy back at 25p or thereabouts has got to be a good decision for shareholders, provided cash is available

Having hoped for some time that this year’s results would be the catalyst I’m beginning to think(along with a few other posters) that we do need a set of results after all major sales have been completed. This could take us to Y/E 2024 but hopefully 2023 will be the big move.
However it would be nice to have some sort of interim slight rise just to keep my spirits up!

Capitaliser
interesting article on Motley Fool but they are a bit behind on progress.
Saying debt is still a massive problem is a bit out of date as with the recent pay360 sale debt (excluding leases) should have been eliminated & there are some sales to come.
I must admit I’m getting a bit anxious as I’ve believed for the last year that the 2022 results would be a major turning point & was expecting a 65p + post the December statement.
At this stage I would be delighted with 50p, which still seems ridiculously low unless there is something very negative in the statement but Jon Lewis has so far delivered pretty well on what
he has stated.

Looks like funds should be in before Y/E which will make the balance sheet much healthier

I’m rooting for you to win Blue but my money’s on EvertheOptimist.

Does anyone know from where did Odey AM acquire their stake?
Did one of the IIs unload a chunk?

Having been away & not looked at CPI for a couple of weeks I was pleasantly surprised to see it around 27p bearing in mind the bloodbath of the stock market, also saved myself from seeing the fall to 23p or so.

Left a little top up order at 28.20 & was pleasantly surprised to see it filled, price can go up now!

GoCPI I do agree that dividends at a modest amount could be started in 2023 & I’m disappointed that it’s being deferred later than I believe is necessary.
They need to do something to encourage shareholders & especially IIs to start buying again.
As usual we are back to the waiting game, I thought Y/E results would be the turning point to kickstart a share rise but I’ve a nasty feeling it may be longer still

Lordy
Pre IFRS debt should be close to NIL by Y/E
I don’t think post IFRS is particularly relevant & in any case should be reducing as WFH results in office sales/ leases given up.

Looking at trades there are 4.2m sells V 2.4m buys & the price is still going up. Looks like there is a big buy order to fill

@4theLong
You’re quite right on labour being anti outsourcing. The thinking seems to be let’s save money,
& do it ourselves, needs more staff, higher salaries for management, bonus incentives, oh dear it’s actually costing more, never mind we’ll go ahead anyway

These 2 announcements give real impetus to the Yellowstone presentation.
Some concrete achievements to announce with debt ( or cash to pay it off) at near zero.
I think the Y/E results will be a real turning point.
We will need to see trading profits hopefully around £100m & dividends reinstated.
At that point I believe there will be a wake up call to the wider market

I’m not expecting anything monumental from the Yellowstone presentation. I suspect, as usual with SM, it won’t tell us much & in any case the market will want to wait for actual Y/E results which I am hoping will be the beginning of a long rise over the following couple of years to a figure in excess of £1.00.
The forthcoming sale will also be a game changer with hopefully £200m + price which effectively with current agreed sales virtually eliminates debt.
A few good contact wins would be nice. CPI have been very quite of late re new contracts

@goCPI
My mistake I’m getting overexcited
Yes that was Pexa’s profit not Optima.

Thanks NoFear
As you said SM doesn’t seem too hot on Investor relations
That’s approx £13m reported profit.
It ought to command a good price (6X ?)
Really does need a RNS from CPI

@nofear
Do you know the sale price?
Presumably we’ll get an RNS from CPI shortly

They are hosting a presentation by Stuart Morgan (CPIs investor relations guy) giving an update.
If you Google Yellowstone you can register for the update.

Possibly the Yellowstone update on the 20th has been timed so that results of the sale are known beforehand.
I would also like to see some new contract wins (the 2 mentioned by SM on the 6 month update have so far failed to materialise)
A significant contact win and a sale, hopefully north of £200m should give a significant boost to the SP otherwise I think we’re into a wait for the Y/E.