Member Info for eatstocks

The hidden agenda of wanting a low entry

You'll just have to trust me. I think you have known me long enough to know that I wouldn't lie about something like this.

"Once the stench of the cyber attack data leak incident finds its way in just about every major and minor online news media front page, then there's isn't much that Jon Lewis and his BoDs will be able to do to save face."

Well yes, once the investigation on their side is over they can just RNS the internal communication they sent their staff yesterday.

Got a message from a Capita chap I know. He had internal Comms stating no pensions got hacked, media blowing it out of proportion.

Let's see what comes out of it

South Africa is supplying not weapons but ammunition.

Russia is a Minnow, but a bully surrounded by more minnow than they are.

Utter time you started getting interested in what is happening.

In today's digital era, the reality is that our data is constantly at risk.

I receive scam calls almost daily, prompting me to change my number. It's likely that my broker's data was compromised, and they failed to notify me.

The number of unnoticed cyber attacks must be substantial. Capita made the right choice by being transparent and taking necessary actions to assist their customers.

Capita's primary focus after the cyber-attack is customer protection.

Instructing pension funds to operate under the assumption of data theft aims to enhance customer security. It's important to note that pensions themselves are not vulnerable to theft; instead, personal information may be exploited for scams like impersonation and extortion.

It seems unlikely that all 430 pension funds were compromised as reported by the media. When the actual facts emerge, the exaggerated media coverage may work in our favour in the long term.

@trustfund, forming your own judgment is crucial.

The media's bias against Capita is evident. Remember to refer to the Full Year Results 2022 for a comprehensive understanding. Current events may distract, but it's important not to lose sight of the bigger picture.

https://www.lse.co.uk/rns/CPI/full-year-results-2022-c8b435zr6rovfoq.html

Capita and pension funds are rightfully responding based on the assumption that data may have been compromised. Their actions aim to determine the most appropriate course of action. It is important to note that this does not imply that any data or all funds have been hacked. However, it is absurd how the media is portraying this incident as a confirmed attack on multiple pension funds.

We will need to await the outcome of the technical team's investigation into the matter.

Eskom chief visits China as South Africa seeks to shore up ailing power monopoly

https://www.ft.com/content/b85ff3e1-389e-4625-b04a-39995fe111b1

Just as Microsoft cannot be held accountable for the security breach of Capita's Azure service.

The data loss on their side was minimal.

They cannot know what data was taken from pension funds as they don't manage that data. They are not responsible either for that data as stated clearly in their terms of service.

Hartlink is a portal not the database. Just a software to allow user to log in.

NoFear read Hartlink terms and conditions available on their website.

Also the data is held by the pension funds and not Hartlink. If pension had not implemented strong security for their members it's not Hartlink (Capita's issue).

Last comment.

Dropped in RAND so even better for us as the drop in spot diesel in SA in USD would me greater.

Concerning diesel, spot price in SA is still dropping. Which is great. Touch wood

https://www.globalpetrolprices.com/South-Africa/diesel_prices/#:~:text=The%20average%20value%20for%20South,is%2032.07%20South%20African%20Rand.

Also with South Africa selling ammo to Russia, let's hope they don't get sanctions.

Vanadium stopped dropping bang on the money, by that I mean the usual support line of the last 20 years of 30$.

Anything under is uneconomically viable for most stakeholders in the market. Expect it to rise next week or next. It seems to drop fast after a rise than it rises after a drop. For logical reasons which don't need explanation.

Now it's not bang on the money as the current price sucks for BMN, but the Orion deal is a god sent, and this means we are under no pressure to sell all our production and can build reserves until the next bull run.

Having looked at prod costs and USD/RAND my greatest concern is that it has not had a huge impact. So my opinion is that our production costs have increased faster than the savings made on the currency exchange. This is concerning especially if the trend changes which in the current climate is unlikely too. However, I'm in for the long run.

We need a resolution to the energy and political crisis in SA, or anything that can play a part in solving costs.

We import a lot of diesel in USD.

They could not bring it up to the webinar without RNSing it first.

Capita expects to incur exceptional costs of approximately £15m to £20m associated with the cyber incident, comprising specialist professional fees, recovery and remediation costs and investment to reinforce Capita’s cyber security environment. Capita has also taken further steps to ensure the integrity, safety and security of its IT infrastructure to underpin its ongoing client service commitments.

Capita’s underlying trading performance remains in line with expectations. Adjusted group revenue for Core Capita1 for the first four months of 2023 was up by 4.8% year-on-year with Capita Public Service up by 5.0% and Capita Experience up by 4.5%. Sales performance has been strong over the first four months of the year with in-year-revenue wins of £449m, up 16% on the first four months of 2022.