Member Info for Culley01

@moyes
You’ve changed the title
Most people simply click rep on the previous post hence repetition of title
Yours now gets first place

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

Thanks Arthuretta much appreciated

Does anyone know. If we will make the FTSE 250 for the March qualifying date or is it a wait for June

I do have to ask?
Is it just me who has side pictures of women in underwear & very attractive young Ukrainian women wanting to meet a 70 year old or am I just irresistible?!

@volcano
Pre IFRS debt is £85m (sale just made giving another £17m cash available) & on target to reduce debt to nil by half year.
No debt is not a concern

& we do need to let the MMS have a bit of fun in the 40s.
They had 2 years in the 20s & not even a week in the 30s

£151 m contract PIP 10.5 years 2 suppliers (Capita +1 other) awarded 3/03

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.

@deadly CPI doesn’t have a major working capital issue so nothing to fix

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

Good call Trenners!

@Jg I would hope by August that even though there may be further one off costs re future disposals this should be covered by increased profitability

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

There was also meant to be a major contract with a financial services company which I haven’t seen ( or have one of the Eagle Eyed PIs noticed something! That I’ve missed)