Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I would be both surprised and disappointed if the current situation drifted until results in march.
Hoping that the company announce something positive (whatever that might be). A buyback would be a good start.
This share certainly tests ones patience...such a narrow trading range over last 6 months. No spikes and no material dips to possibly buy more at.
Was the date pushed back? Interesting that release date tomorrow coincides with latest UK inflation figures. Might that be to distract from bad news and focus on macro economic info, rather than the company's management stewardship?
The UK inflation figures are unlikely to be pretty. Interesting though that over the pond, sentiment about consumer spending has become more positive. In the short term at least.
Thats a good point Culley....it has faired relatively well recently given the market conditions.
But on the other hand it is a bit frustrating that the SP continues to oscillate in a narrow range. You'd think even the mm's would be getting bored lol
This has nothing to do with Capita. Just market forces and IIs dragging this down. Although CPI has clearly made progress, the markets just love picking on us.
Think the wider UK equity market fall has a way to go yet. Truss & Kwarteng have spooked the markets....and markets do not like uncertainty when it gets as big as it is now!
With the current macroeconimic environment and outlook, I think the investment case for Capita is now confirmed. It has taken a while to turnaround. Todays announcement....I think the market likes statements about debt reduction and contracts indexation. Just my view
Well said JG. I just dont understand some of the negative noise. More focus should be paid to medium/longer term. A business in transition. Given the dire economic outlook for next couple of years, id say CPI is well placed relative to many others. A lot of public sector contracts have been or will be retained. Debt under control, pension plan obligations managed etc.
I dont short either. I invest for the longer term. 50% of my investments are in cash (due to macro economic outlook)...i only hold 4 stocks of which CPI is one. Glass is half full ??
Absolutely. Never panic sell UNLESS there is an obvious reason to do so e.g. POG. Who knows how the market will react to the update tomorrow. Personally speaking, whatever tomorrow brings i will be holding. Given what the macro picture is for the next few years, my view is that CPI is in a good place ??
Private Equity firm interested. Think this will be the lay of the land next few years. Buying stocks/companies on the cheap.
Well said Canetoad. If Capita was heading for broke....it would have gone by now. No accounting scandals (carillion an unfair comparison imo). There are lots of over valued stocks out there atm....people just seem to love bashing CPI for some reason.
You would have thought by the SP fall that Capita has some sort of massive exposure to ukraine...eastern europe etc. No it does not. Just market fun and games imo. Interesting (turbulent) times for most stocks. Thanks Putin!
Dont stress JG. Just paper losses as you say. Usual market fun and games. I'm down on CPI and a few others. If those capitulate there will be bigger things to worry about. At the end of the day, and over the long term stocks do well. They drive money/the economy. If they didnt we'd all be fooked.
Does anyone think CPI could be bought out "on the cheap"? By that i mean at current SP level. Or is it too risky for potential suitors i.e. debt and shrinking revenues (which i think is the case although correct me if i am wrong).
Spot on. Tomorrow is likely to just confirm what we knew...unless there is an unexpected curve ball. Maybe an SP retrace...but remember mid term this is in a turnaround phase etc. Next update i.e. november or whenever, more important. Is the work in progress coming through on the financials. A holding stock for me
This is only going one way short/medium term....north. barring a major equity meltdown that is. SP has had a tough few months for 'non financial reasons'. A good play going into 2022 and beyond. A covid resistant stock..of sorts. You get what i mean. Hold!