Most of the selling it’s done by the MM at the moment. A lot of thinks do not make any sense at the moment and that’s why I am staying long no matter what the results are tomorrow. I hope they are good. I will be holding my laptop at 7am sharp tomorrow morning and read it twice.
Cane there is not much left to buy for a fund as institutional investors are at 96% and capita has 2% for employees. Around 30 mil shares out of which PI have some. I just don’t know where are they buying from if none are selling. Correct me if I am wrong.
Yes...long term is the only way with this share. I am more interested in what they will report than the price action. If the report is decent the price will follow and I hope the full year results in 2022 will be what we expect them to be.
Well, I hope you will be back here next year in April so I can mock you as well. Half will not be great however not bad either. The full year in March 2022 will be really good in my opinion. We will have to wait and see.
Yes, strange indeed. It might be that the half year results are not what everyone is expecting and they are trying to show that something good it’s happening. If that is the case then this management is keep promising however always under deliver. I hope that is not the case. You never know with Capita as they don’t really care about the PI. Lets hope for the best.
RE: Few very large sells today inc 1 after hours31 Jul 2021 09:08
I think the fear of someone offloading is a bit unfounded. Funds are selling shares all the time even at a loss. Don’t forget that they had 689mil in cash at 17th of June plus the 228mil received recently. Plus the sells are being absorbed with institutional ownership now at 96.1% which is more than any other share I am invested in. Everyone has a different way of analysing a share however for me this one is a hold even if Half year report is not exactly what everyone is expecting. With more than enough money to repay the short term debt obligations and hopefully refinancing for the rest I think they are in a good position. All I would like to see is double digits profit margins. Lets hope for the best.
RE: Beware of the rampers and derampers that dont evidence their statements30 Jul 2021 16:43
Yes. This is definitely the most frustrating share I have ever been invested in. However because I have been invested for 15 months now I can wait another 8 for the march 2022 full year if nothing happens next month.