The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
That was a cracking week to be honest much better than I expected.
We may get an additional small rise next week if the W/E papers come out with some positive reports. Otherwise I’m happy at this level ( or of course higher!) until Half year figures which if a dividend is announced should see CPI well over 50p.
In the meantime we should get a promotion to the FTSE250 which would add more interest
Just listened to the presentation which was first class.
The most positive & forward looking presentation from Capita yet.
Couple of points.
Expected disposals to be completed by half year results resulting in elimination of pre IFRS debt ( & probably a surplus)
Strong indication that assuming disposals are made on time dividends will be resumed at half year point.
Profit is accelerating due to better margins, more contract wins & reduced costs.
The work on employee well-being ( which initially I thought was a bit woke) is paying off as it helps retain staff & as such saves costs of recruitment, training etc & also helps win new contracts especially government ones.
I also expect to see some new upgraded broker ratings pretty shortly.
I think tomorrow is going to be all about presentation.
We know from the December update pretty much what the figures are.
Tomorrow is the official & up to date situation.
I’m hoping it’s going to come with a very positive spin & a bullish forward looking statement + of course DIVIDENDS!
Good luck all
My wish list:
Clear statement showing any pre IFRS debt covered by cash
Trading (excluding disposals) producing £100m+ Free cash Flow
Growing T/O & reduction in costs
DIVIDENDS REINSTATED or at least a date for reinstatement
Indication of value of remaining disposals & a time frame for these.
Most of this has already been hinted at or confirmed in the December statement so it shouldn’t be too hard for the rest
& finally after a couple of weeks or so a share price north of 35p & rising
Not exactly the run up to results I was hoping for. Ideally 30/31p pre results & 35 within a couple of weeks. However I suspect this may be yet another non event ( I do hope I’m wrong though), with expectations then lengthened to August half year or Dec pre Y/E trading statement
CPI do sometimes come out with a bit of good news just prior to a scheduled statement/ results so here’s hoping. I’m also hoping that although most of the news in the results is already known
there should be some concrete figures re debt etc that will hopefully encourage the market.
@Nic62 when I spoke to investor relations about a month ago re pension deficit they said they have already prepaid future years requirements & are not expecting any further calls following the 3 year March pension review
I wonder how many investors both PI & IIs are in the same position as myself.
Have a substantial holding, have belief that’s this will prove an excellent long term holding but don’t want to add any more until we begin to see a sustainable rise. I know in theory I should add when they are at these levels but I would prefer to wait until I see 35p + and rising.
This may be Y/E results, August 1/2 year results, December Y/E statement or a few good contract wins or more disposals. I’m sure we will get there but I wouldn’t like to predict when.
Whilst I’m hoping for a rise pre & post Y/E results I have a feeling you may be right about August being the catalyst. By prepaying future years pension deficits in the 2002/3 tax year this will help boost TFC in future years. Also Y/E 2003 will give the first set of clear accounts without distortions from disposals (although we should still have a few to come). However future disposals should have the benefit of adding cash rather than being earmarked for debt reduction
I’ve got 2 orders in. One for a 100,000 buy at 25 & the other for a sell at 30.
I wonder which will come first as nothing surprises me any more with CPI share price
I should add that this is not my main holding which is a long term hold
It would be nice ( for a change!) to have a gradual build up of the SP prior & post results but I’m not holding my breath as we’ve been disappointed so often in the past