Member Info for Culley01

Approx 2 million after hours buys reported at 28.24.
Bodes well for tomorrow

Yes I’m hoping for decent update too but they do have a history of missing all the important bits and emphasing anything mildly negative.
Let’s hope they get it right this time.

Crowman to be fair to current management they have made a massive improvement to Capita’s overall position.
For me JL has, so far delivered.

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 £200m 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 £100/£150m 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 £1.00 by end of 2023.
A 400% profit in 2 years would be a pretty good result which I would be delighted without

If AMs posts are annoying just use the filter

Use your filter button to avoid reading total rubbish

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 £1.00
I’m very positive on CPI but I think a lot of investors time frames are over optimistic

In theory if CPI largely has inflation proofed contracts the effect of inflation would just increase turnover & profits in LSD terms

Thanks NoFear much appreciated

I see Capita is running true to form.
Good news published and the price drops.

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

Just done a very rough & ready comparison with Serco/Capita (& some of my figures may be out of date)
Serco. Capita
T/O £4.42b. £3.18b
Value. £1.83b. £390m
Dividends 2.41p. Nil
Debt. I can’t remember exact figures but assuming sales figures already published these should be similar by Y/E
If Capita can match Sercos current figures (& we are in a growing market) which in a 2 year time
frame should be possible this should represent an uplift of 4.5X ie just over £1.00/ share.
So SM & JL please
Resume dividends
State current debt/cash held
Hopefully have further significant disposals
Hopefully have some more contract wins
Don’t spring any nasty surprises about additional one off costs

Eliminating the debt would then add £24m to the bottom line profit.
This share really needs patience.
Next event ( unless we get some positive RNS) is the August half year figures where I really do expect some major improvements to the share price.
Ideally I shouldn’t look at this share again until August but I seem unable to take my own advice.

Hi Sharehead,
Could you post the link to the statement re rising revenues please

I would like to take my own advice which is to not look at this share again until 6 month update in August. Unfortunately I keep hoping something is going to happen before then. Until we get an indication of when dividends are going to be resumed, a major contract win or a large asset sale I don’t think anything much will happen to share price.

Hardly off to a flying start for the week

It seems that increased buying by various IIs has no effect on share price.
Need something very positive from CPI preferably an announcement of when dividends will be resumed or at the very least a major contract win or further sale.
I would have hoped that a statement stating what amount of debt is to be repaid (which could be enhanced with an additional sale) would have been forthcoming.
In spite of JLs statement that he recognises shareholders have had a torrid time nothing much is being done to reverse this.

Thanks No Fear much appreciated

As usual we all wait with great expectations the next event.
In this case 6 monthly results in August. It seems that each event passes as a non- event and nothing happens to the SP or it drops. Whilst I do believe in Capita’s long term future I am beginning to loose patience ( I’ve been a holder for several years).
JL does need to be looking at shareholders interests, after all they do own the company, & now he says the transformation is complete he & SM need to be out promoting the company to IIs.