Member Info for Culley01

Just green flagged JO. I’ve no time for mud slingers & besides most of his/her posts are total drivel

@James - I take your points but possibly you have missed the change of CEO from Jon Lewis ( who sold assets to keep afloat) & Adolpho Hernandez who has already introduced £100m additional cost cutting & changed the board radically as well as ramping up AI in the 6 months he has been there. I don’t expect the changes to show substantially until August 2025 but by then the opportunity to buy at these prices will have passed

Let’s wait for the improvement say August next year & a 50p SP & then start the bidding, not at today’s prices

@Capitalizer Kipper

Good read that & very interesting

Based on Swazers charts & my own gut feeling if this reaches 23 in the next month or so I will short approx 15% of my holding & if it drops to 20p would buy back.

Or possibly they simply don’t have any spare cash. I know several people with incomes in the mid 6 figure mark who are constantly short of cash through a combination of ex wives, children & spending lots of money on holidays, cars etc

Swazers thanks from me too

Any additional posts appreciated

Good on AH instead of selling share to pay for the tax on shares granted he has chosen to fund tax liabilities out of his own resources

At this rate we’ll be back to the price prior to sale so having another £186m net makes no difference to the SP.

Basically it shows that nothing will move this share upwards on a sustainable basis except FCF, Dividends & growing profitability (& we need all 3). Come this time next year I believe all these criteria will be met & at that time we should be looking at a multiple of 3-4X current SP

Results as usual were OK. With the sentiment on CPI the results need to do better than OK to sustain a rise. Predictable rise prior to results & the fall, rise & fall again today seems to follow a normal CPI pattern.

With nothing expected now until year end where again a substantial loss is forecast I can’t really see any sustainable rise until August 2025 results unless we get some spectacular interim news from AH.

Did a bit of trading in this & for a change made some money

I still think this will be a winner but not yet.

@Aim Had to join you in selling some. I bought 150k at an average of 14p for trading so have sold. Still keeping my long term holdings. If it drops post results I may buy back again

I’m not expecting too much from the results although not having the one offs from the previous half years results will help improve the figures

I think the chances of a dividend are slim & my bet is at December statement we may get an announcement that dividends are to restart in 2025 & at that point CPI will fly

I feel this may drift down prior to results which won’t be great but all will depend on guidance given for the full year which I hope, given the recent sale & improving margins will come out a lot better than forecast in the Capital Markets Day presentation.

A few good contract wins wouldn’t come amiss either.

@Voli I think the market wants to see trading profits to demonstrate that this is a viable business

Until we see FCF & profit any rise will be limited

AH is doing a great job & positive updates/ contract wins etc will all help but I believe for a meaningful long term rise we need FCF, profits & dividends & that’s not going to happen untilAugust 2025.

Once there we could see 40/50/60/70/80p

AH has now been in charge for exactly 6 months. He’s achieved a massive amount in that short time & I’m looking forward to the next 12 months when I really expect to see the hard work reflected in the SP

Yes it would be nice to see reentry but I don’t think being in the 350 or 250 make much difference to the SP only when we’re in the 100

I hate to say it but the Spanish played better & deserved to win

Yes totally different company but CPI under AH has the potential to equal a RR performance but not for 2-3 years

Shorty forgive the pun but the short answer is Yes.

If we get to £200m profit & a similar figure FCF (end 2026 if not earlier) & 10X PE that gives us a £2B company.

If CPI starts to get regarded more for it’s tech abilities rating would be higher