Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Chart looks very similar to this time last year where it moved from 28p to 44p from now just past earnings before retracing due to cyber incident. If earnings update is anyway positive we should hopefully see a similar climb.
It was a response to a comment. If you want some analysis I believe Capita is currently extremely undervalued despite the uncertainty around the redundancies, a new CEO, lack of clarity around remaining debt figures and how it will be addressed, lack of profit against high revenue, slim margins in public sector projects, poor market sentiment and lack of FCF which continues to push the potential of dividends further down the road.
Down 84% in last 5 years so they’ve been right about the general direction not the actual price. I agree it is crazily undervalued currently and will be holding until it is back to 60p+ but it will likely take a while.
Despite the rubbish that No Fear and Aim post they have been accurate about the share price direction so far, I do believe the capita share price will turn around eventually but it could be another 2-3 years before it is back at a reasonable level based on the current market sentiment and reduced interest in value stocks.
Also comparing Capita which is currently priced for bankruptcy with a sub 500M market cap with two multi trillion dollar companies is ridiculous in itself. If capita reduces debt as expected and is profitable outside of the disposals its SP should double this year at a minimum. If not it will continue to struggle in the short term but looks to be a solid enough long term investment.
Agree with what Dave says, capita still has a long way to go but is making good progress which isn’t really reflected in the share price yet. CEO has put a lot of emphasise on how important H1 of this year is so I predict it will slowly rise from now till then but will probably peak at 60-70p max pre earnings