Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Very frustrating it seems CPI needs a constant flow of good news to just keep stable.
No news or negative & it drops like stone.
I’m still a long term holder but waiting for the next event & then the one after etc for a consistent long term rise is trying my patience
My concern is that IIs will loose patience and dispose of, or lower their holdings.
There’s a lot for Capita to do.
1) Reduce pre IFRS debt to NIL. Well on the way here but a few more disposals would be welcome.
2) Show increasing T/O & profitability
3) Restart Dividends
4) Reduce Head Office & other costs
& of course get over the leak which at the moment seems to escalating in severity/damage.
Hopefully by the time we get to the Half Year results all the above factors will be sorted/ achieved
& finally the Yellowstone presentation ( provided it isn’t postponed again for personal or other reasons) will be fascinating
Ian I’m hoping & believe that Capita are saying nothing as since their original statement nothing has changed i.e. the breakdown has been contained & no material has leaked. I would think that if there was a major leak they would be obliged to report it. The Yellowstone presentation will be very interesting as we will see if they come straight out & say everything is fine or if they try to dodge questions at the end, either way we should get a pretty good idea of wether the apparent leak is serious or not or indeed non existent
The Yellowstone update will be interesting.
I trust they will use the opportunity to report fully on the Data leak.
I will be posting a question on this to Yellowstone
I’m hoping that the new Investor relations team are going to be more positive than SM ( & to be fair so far they’ve been pretty good)
I think any claims will be very limited.
In order to be successful there has to have been a financial loss incurred or more than a mild inconvenience for a short length of time.
Bearing in mind most of the issue was over a weekend when normal activity is on hold I can’t see claims amounting to much
I’m hoping that by August results there should be in the region of £100m cash excess.
Based on £85m debt (now around £55m?) more sales to come & I expect these in total will exceed the £85m by a reasonable margin + cash generated.
If a Dividend is not announced in August I’ll be very disappointed
Until we get Dividends announced & hopefully a meaningful figure (at least 1p & preferably 2p) it seems that debt reduction (or elimination), increased profits, reduced costs etc count for nothing as regards the SP.
Personally I think JL has done a cracking job but now the hard work has been done he needs to start rewarding shareholders by restarting dividends ASAP
After the drop I just reminded myself of what I was hoping for when CPI were under 25p
50p by Y/E 2023
75p by Y/E 2024
£1.00 by Y/E 2025
When made my wish list it seemed a bit optimistic ( after all a 400% increase in 3 years) now I would say it’s pretty realistic
I think we may drift now until our June entry to FTSE 250 & the next big date being August half year results where I would hope for another major uplift well into the 50s
I would feel more comfortable if we maintain a level above 40 in the meantime