Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
Having filtered AIM it’s amusing to see all the replies generated but personally I’d like to see some more balanced opinions.
Having placed a buy order for a 10% top up just under 25.00 p I’m half waiting for the price to drop a bit but pleased if it doesn’t for the other 90% of my CPI holdings (360,000).
Still think we’ll have to wait until year end for a significant move but very pleased with Jon Lewis statement .
Well done JG but I’m not into the short time trading although as in JGs case can be profitable.
The 10% spike at the beginning of the week was surprising & so we will drift again waiting for 6 months figures in August which I suspect will be pretty much in line with the update we’ve just had. Unless there is some very positive statement re debt levels I suspect we’ll all have to wait for Y/E where I do have some expectations of a good uplift.
Re dividends not starting until 2027 this is only Shore’s analysis.
Personally I think some statement re dividends resuming is likely with Y/E figures as if they are accumulating capitol from profits/disposals in excess of that needed to get pre IFRS debt to a sustainable level I see no reason for not reinstating dividends or a share buyback.
Re turnover we need to remember that Increased T/O ( although slight) is being achieved despite all the sales so once disposals are completed all the increased T/O will be going to the bottom line rather than replacing T/O lost through disposals.
The other positive aspect of RNS was the continued effort to reduce costs, & hence to increase profitability, especially in relation to property leases which will also reduce Post IFRS debt levels.
Pretty much as expected, nothing new but on track.I can’t see what prompted yesterday’s 10% rise unless there are rumours of a further large disposal or contract win.It will be interesting to see what today brings but I don’t expect real fireworks until Y/E results.Hope I’m wrong & it continues to rise
Hope for a positive update on 29th.
Still awaiting announcements re 2 contract wins SM indicated we’re imminent a couple of months ago & seems a lack of new public sector contracts.
Also hoping for some announcement re further disposals
To be honest I’m not holding my breath, as long as it’s not negative I’m not too worried as I think it will be Y/E figures that revitalise this ( although I would be delighted to see a rise prior to that)
I think Danf may be partially right re timing.
Unless there is something very positive in the end of June update or the August half year results I suspect we may need to wait for Y/E results (or the Dec update).
In these I would expect to see the revised debt figure hopefully reduced by more than the ÂŁ200m or so that we already know about, by dint of some more disposals.
I also hope for an announcement on dividends.
Until we get dividends reinstated, a sustainable trading profit & pre FRCS debt to ÂŁ100/ÂŁ150m I think this will still struggle.
With the above achieved and growing profits/revenue I would hope for 50/60p by Y/E & moving up to ÂŁ1.00 by end of 2023.
A 400% profit in 2 years would be a pretty good result which I would be delighted without
Unless the trading update has some significant positive news I don’t think it will have much effect. Likewise the August 6 month review will need some hard positive figures to trigger a serious uplift.
I hope the year end figures will start a strong move upwards to the 50s/60s with the year end 2023 pushing up towards ÂŁ1.00
I’m very positive on CPI but I think a lot of investors time frames are over optimistic
I would recon that Capita is about 2 years behind Serco in its turnaround.
So if Capita can match Serco’s current figures in 2 years , which I believe is a reasonable target, then we should be looking at a market cap close to Serco’s present cap.
I’d be happy with that