RE: reasonable price for CPI?5 Feb 2021 14:30
My honest opinion is 70P. Given the fact that how much it is hated by media to this day and whatever bumpy ride it was in. But with Covid, it's basically opportunity in disguise for Capita. Yes, yes, even when they got billion dollar contract, look at how much criticism was flying around for being awarded. But what can't be denied is the fact that there is a lot of profit to be made given the circumstances that everything goes right. Lots of media, hedge funds are still rooting for Capita to go off balance and looking to make profit, ***** mouth about it. So no matter what the price is before Covid, Capita will be capped around 70P at max unless they are releasing RNS saying the turn around is near completion, higher revenue and profit, or best case, Dividend. But I don't see how the best case will be happening soon though.