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As one of the UK government’s largest strategic suppliers, with more than 40,000 people across the nation, Capita has been right in the thick of it. The spirit and sense of national purpose is palpable in the teams with which I’ve been involved - within Capita, our government clients, and the many consulting and industrial partners we are working with. Through the hard work of our people, we have not only re-organised to maintain and build resilience in the myriad critical national services we run, but we’ve also executed entirely new services for government in previously unimaginable timescales.
The scope of our normal operation for government is vast – Tussell identified Capita as the single largest provider of information technology-based services to government in healthcare, welfare, education, defence & security, critical national infrastructure and local government services. All of these services are more vital than ever right now.
In four weeks, our fantastic teams across Capita have enabled more than 30,000 of our own colleagues to work from home, a number that continues to increase as we move more people out of offices. That’s involved the implementation of vast amounts of new IT and software, and also agreeing entirely new processes with our clients – all the while ensuring we maintain security. This rapid shift has protected our colleagues, while maintaining essential services in healthcare, welfare, justice and more. We’ve been mobilising the same move to remote operations across government departments and agencies, and for critical supporting industries like telecoms providers.
We have a significant number of key workers whose roles cannot be performed from home and who are engaged in essential services – for example, the handling of paper medical records for Primary Care Support England and the running of the Defence Fire and Rescue service. We are following all government guidance to ensure the safety of these colleagues.
The personal toll of this virus on individuals has been devastating for many. We all know people who are vulnerable, isolated and afraid. We have colleagues who are unwell and others who need to care for family members. Likewise, many of us will know individuals who are suffering the loss of loved ones. There can be no doubt we will all be changed by this experience.
Against this context, it has been uplifting to see what can be achieved through genuine cooperation. The whole Capita team has pulled together, pivoting our resources to critical national tasks in extraordinary timeframes.
https://www.investorschronicle.co.uk/comment/2020/04/08/deep-value-buying-opportunities/
We’ve taken two loss-making companies, we’ve done the easy work, stripping out costs, now we want to demonstrate to the market we can grow the top line and get some solid contracts in. We’d like to end the year with a nicely profitable services company doing exciting work.
Separately, people are saying we’re ok, we’re Britain’s only, and one of Europe’s only, virology companies so we’d hope and expect in the coming period of time to be talking more about what we can do to help with the coronavirus and so that’s work in progress.
All I can say is that we’re certainly in that space and we’ll make it our business to be involved in it but until there’s news flow, I’d prefer not to talk about it but there will be news flow.
https://www.***************************/open-orphan-qa-with-ceo-cathal-friel-new-hvivo-contract-signed-lonorph/412808234?amp
Could do with an update from the company regarding the current situation with the corona virus considering that they specialize in Chronic obstructive pulmonary disease.
I do think that we're due a big big up day when it does come and thats why i bought in.GLA.
£3.25 is low enough for me,im in.GLA.
rns from 19th....................
Given the current circumstances the Board has determined that it is appropriate to maximise liquidity within the Company and is suspending shareholder distributions until further notice. The share repurchase programme announced at the FY 2019 results has been postponed with immediate effect. Approximately €10 million of the €40 million share repurchase programme has been completed to date. The 2019 final dividend of €0.12 will not be proposed at the AGM scheduled to be held on 20 May 2020. Together these measures will save the Company over €65 million of cash outflows.
As I can see a good bounce soon and with dividend at a monster 36% at today’s price,perhaps it will be suspended,who knows but my thinking is if they confirm it’s still on then the bounce will come and a big one at that.ex-dividend at end of April so not long to go.looking for 50p plus by then.Directors couldn’t sniff the bottom so maybe they will take advantage again.GLA.if cine world can do it with there debt then it’s possible here for sure.(sit on them)
people are running for the hills now..........but at your perile
We’ve been here before,no need for the stupid coments.we know what we’re doing ffs.or should I sell everything and put it under the sofa cuz if I put it in the bank then the bank might go bust.....
Anyone thinking of trading this to get back in lower think again.its a nightmare to get any volume ,once your out your out for a good while at least.you’ll tear your hair out pressing refresh trust me.
bought in but had to get 9 or 10 tranches of £400-500 at a time...dealer fees=con artists.
GLA.
https://www.lse.co.uk/rns/I3E/serenity-oil-discovery-and-corporate-update-g7hy4qzi7cptk6y.html
an update is surely on the way........then back to 3 figs.GLA.
but only because i like the red flashing lights on my HL page.GLA.
Gotta be a big move coming soon,its a gamble for sure.
https://twitter.com/edmcdermott12/status/1210642198963900417
GLA for 2020.
Lots of 20k and 12k share blocks being bought.
Ok thats good enough for me,just bought in.GLA.