Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.
"you are not investing in here so why don’t you leave? "
Then goes on to say he is not invested either, cannot make this up :DDD
As someone who runs an outsourcing company, albeit a tiny fish comparedto Capita, COVID was an absolute onslaught. Clients canceling orders and months of orporate cuts.
So again in JL's deffence he did what he could in very difficult circumstances
Trying to catch the bottom on this is a mugs game. It's now a lean company with very low debt. While the market is out of favour for the old City, it won't be long before things change.
The hack situation I think was great advertising for CPI. The truth is every single company big and small is at the mercy of such situations. The way they handled it was golden. They pretty much said; what ever happen we'll take the blame. Why do you think sales did not drop, councils and pension funds are more than happy to be able to point the blame elsewhere if they can and Capita is doing just that.
We now have a CEO with the expertise required to bring this company into the new AI tech revolution. While many outsourcers like SERCO had it golden, most of their contracts are physical, CPI is brilliantly positioned to take advantage of AI and trash the competition.
I am happy to keep buying when I have spare cash and addmore CPI to my portfolio.
What's the risk? I am really not seeing much of it
780k buy after the bell not bad at all!
We've had 8 weeks of steady slow climb. Every pullback is being swiftly bought in.
As is usual with a new entering CEO we will get a statement around 4 to 6 weeks after he takes the rains stating his vision forthe company.
This usually something they have prepared long before taking the job. So let's hope he is not the type to sit on his backside. Knowig how tough and competitive Amazon is I really doubt it.
How is it good news? They have no business and are "negotiating" getting some.....