Member Info for Culley01

Who know swat
The Pru contract was lost because of appalling service at that time by Capita (I was a broker on the receiving end of years of Capita’s incompetence) & was delighted when it went to elsewhere, but the Capita of 2022 is a very different company to the Capita of 2018 as shown by their customer ratings.

Cane I love your video link, many a true word is spoken in jest!

63 million in large late trades posted as buys.
I hope these are sells with the unwinding of large disposal orders.
If these are buys I can’t understand why the share price isn’t moving up sharply

Total rethink here on timescales.
Had been looking for 60p after results (this was 6 months ago when the price was over 50p) & 80p by August.
I think now 40p - 50p by 1/2 years August results ( where I hope to see all the hard work resulting in increased profits) & £1.00 by March 2024.
I know it’s a long time but 2 yrs for a 5X rise is fine.
If there are a few more sales to reduce debt quicker that would be good & I really do hope for an announcement that dividends will restart in 2023.

The frustrating thing with CPI is that we hang on every 6 months for results which are usually reasonably good & result in another drop.
Until we see a substantial drop in debt, genuine trading profit & return to dividends I can’t see any major improvement.
I do agree, as posted by others that results are somewhat obscure & there always seems to be some unexpected nasty. Last year was the money needed to prop the pension deficit & now we have £50m or so spent on updated computer system which isn’t needed + £40m or so to finance a loss making contract. I just hope there are any more of these unknowns in the woodwork.
I do have long term faith in CPI but patience is beginning to run out.

Overall a positive set of results although I would like to see a statement re dividends such as ‘we intend to reinstate dividends in 2023 at a modest level’
Serco has being paying dividends for 2 years and I think CPI is similar in terms of size & profitability although a little smaller.
SERCO
T/O £4.1bn
Profits £156m
Dividend 2.4p
debt £443m (£180m before leases)
Market cap £1.6bn
Based on the above if CPI can come close to this it would indicate an uplift of 5X or around a£1.00 which to me seems achievable

Just added another 50,000. I keep adding & the price keeps falling!
Fingers crossed for tomorrow but if this was good value a year ago at 50p (& I believe it was) after some solid progress 20p now seems ridiculous.
If we see earnings in the region of £100m - £150m this is giving a P/E of 2 to 3.
Just hope I’ve got it right this time & results don’t disappoint.
A good positive forward looking statement would be helpful.

My worry is that unless results are very bullish it will fall again.
Mildly good news seems to result in a gradual fall & anything even slightly negative and the SP gets hammered. I believe the valuations are ridiculously low but unfortunately the market doesn’t agree with me.
We desperately need a large reduction in debt and reinstatement of dividends or I can see this drifting for yet another year.

Does anyone have a reasonably accurate projection of year end trading ( not including one offs & sales) profit. I’ve seen figures ranging from £100m to £300m.
At the top end this would mean a market cap being less than 2x earnings which is totally insane for a company with no debt, growing revenue & profits.
My guess is around the £150m.

David, I share your frustration at slow progress but I’m not overly concerned.
Management have done pretty much what they said & brokers are still positive. I suspect we may have to wait for half year results ( unless full year figures have some positive surprises such as dividends restored, good forward looking statement better than expected profit etc) before we get a major breakout. I would still expect to see figures approaching £1.00 by March 2023 after next years results.

Happy New Year everyone & let’s hope for better things in 2022.
My guess for what it’s worth is nothing very much until the year end results with a gradual improvement after but nothing major ( unless there is some really good news) but with a very positive improvement on the 2022 half year results.

Possibly there may also be pension liabilities which Capita now doesn’t need to finance

Announcement they Capita are selling AMT Sybex for up to £40m. Whilst any sales are welcome it doesn’t sound like a great price for a company with £12m profit & assets of £77m

Nice to see a good rise following a very profitable sale. Still down on these but the company seems to be delivering what it set out to do so I will hang on.

we were having sensible postings with differing views but just recently with the reemergence of passmore & a couple of others who may also be passmore this page is getting silly. Please don’t post unless you have something sensible to say.

Frustrating as this share is JL does appear to be doing everything right (apart from some dreadful timing with the update release). Just more waiting. I can’t see that the year end results, unless there are some new substantial disposals or contracts or a return to dividends, is going to lead to an increase so it may well be mid year results in2022 that will be the catalyst. Prepared (but not happy about it) to wait and hoping for at least a doubling of the current price at that point.

Just added 20000 hope I won’t regret it.

Disappointing to see such a large reduction in share price effectively on the back of an update which just reiterates what we already new. Hopefully it will bounce back but I think many PIs will have lost patience. Based on this I do not expect year end results to give any major uplift to SP and we are now back to waiting for improved profitability, contract wins, disposals etc during 2022. I only hope that at the end of 2022 we’re not in the same position. For the time being I’ll hang on but getting somewhat fed up.

I think a December update in 2 weeks with the Christmas run up is really bad timing. I suspect ( but I hope I’m wrong!) that nothing much will happen & we’ll all be then waiting for the year end statement.

I have to remind myself as I get frustrated at the lack of a rise that a year ago we were looking at lows of 25p & we now seem to be looking at lows in the region of 45p. With a positive December update & a year end result which I expect to show trading profits in the region of £100m - £150m + near elimination of debt I would hope to see £1.00 + .