RE: [ICO statement on Capita incident]25 Apr 2023 17:56
Again nonesensical post. They did not turn the IR into mcap. The funds were used to restructure and save a sinking ship. No company on earth choses their mcap, this is what the market values the company at, does it mean it's correct, no it doesn't. Market is actually often incorrect hence why people speak of corrections.
So they decided to restructure and save the company rather than fold. So.....
Value of capita could be back over 5£ in 5/10 years. Who the hell knows.
There are a lot more stakeholders in the decision making of a company that just pleasing shareholders.
Anyway each to their own.