Member Info for GoCPI

Yes, seemingly so, Believer. If they're looking for new resources for a major account (GOOG), it only stands to reason that new business from that account could be ramping up. After 3 years or so of declines as they were sinking money in AI Capex. Fingers crossed.

The update next month in terms of where the headcount currently is at could be interesting. Have they moved to the 70% cost to revenues figure at least? That's a pertinent question.

Got some more yesterday, and even first thing today in the 22.50 range. Moving up a bit more now.

There was a big false dawn last year when Wesley & Viktor bought a million when the GM contract was announced, but the rest of the business wasn't following suite.

Now seemingly Google is back in business and based on this anecdotal evidence from Dave Meeker, could even be ramping...

https://www.linkedin.com/feed/update/urn:li:activity:7379565325119508480/

Oh, what would Q4 bring for us!! The anticipation indeed.

"You just said 3.02 Aim. 😆😆"

As I said yesterday AImLess is wandering around Kings Cross trying to find Platform 9 3/4 to get on the 2.25Pm train. Neither can be found and AimLess is a bit mentally shot at this time - we'll excuse AimLess, won't we?

"Is Canaccord well known? Just trying to gauge the £9 broker rating ."

THey're a better known sellside+buyside insitution than most of the analyst firms masquerading as sellside firms based here in London. They've been around for a while (75 years), HQ'd in Canada and with a Buyside arm here in the UK too. They've done plenty of sellside transactions here in the UK too.

Way better than the local village idiots like Panmure Gordon OR Numis, IMO.

Cheers, Nige. This summarises why S4 has got to where it did with revenue declines. Not withstanding the absurd 'valuation' levels on the LSE. for there to be a turnaround to say a £1 in the SP, say in 2027, we'll need revenue growth to come back in 2026, helped on by the cost (job) cuts implemented in 2025.

Whats the possible new revenue from PIF and the new FMCG? It'll be good to see the outlook for 2026, if tech spend cuts has finally bottomed out and other sectors can do some of the heavy lifting from a revenue viewpoint.

"Wow.. Never seen a 20+% rise on a broker recommendation before"

It's not everyday that you see a sellside analyst put a target price that is >3x the last closing price, and hence should not be a surprise that even on this dodgy as fcuk UK stock market that we had a >20% move up on an upgrade.

I can see AimLess AimLessley wandering around searching for platform 9 3/4..

"This is a crony capitalist company, like Serco, reliant on government contracts and public/private partnerships. With a sovereign debt crisis and war coming up, I can't say it's got a long-term future, unless it moves away from government/public sector contacts.Maybe they'll get the conscription gig next year, and give them a short term boost."

It looks like Meekie's shorting buddies like m_wall are squirming at their losses today!!! Long may you suffer.

"How rare is it that a major broker initiates coverage with a PT more than triple the previous settled SP? CPI is a complicated business that has tripped my thesis up more than once but if Canaccord have done the analysis and come out with this sort of unequivical statement, well, maybe there will be a happy ending here..."

This is spot on and is reflective of the state of affairs on our useless stock markets where gaslighters like Meekie and AimLess come on and 'could' influence a bunch of people on here to sell and potentially move the stock price lower. The shallowness of our markets is mind-boggling and not helped by our clueless government paying lip service to 'Growth'..

One of the few sectors that may actually grow is the Public sector and that's a sweet spot for us!! And yet we are 'valued' as we are!!!

Poor Gaslighter Meekie still doing his best to try and stay irrelevant on this board. Losers keep losing I suppose.

And Clueless AimLess? No wonder traders lose out big when the tide turns!! Still waiting a lifetime for that 225p I suppose... PMSL.

Yes, something's going on. Fertile imagination (or is it the other way around) has that effect on certain minds!!!

Are we there yet with the buyout?

1Pencil - the question, for me, isn't whether ML AI/GenAI/Agentic AI will make money. Of course, it will. The question is whether the returns will correspond to the scale of investments being made now on AI related infra/applications. The painful answer may well be a 'No' in the near term and that's when the bubble will burst, and that's possibly a late 2026/early 2027 story for me.

The internet bubble did, for example, accelerate innovation in the e-comm space and made the world a far more efficient place to run commercial operations for businesses/individuals globally and has improved productivity vastly. That's what matters in the long run. And so will AI. Redundant job roles will be left by the wayside and productivity improves a few notches. Aren't we already seeing that in the Agency content creation space?

New technologies like Gen/Agentic AI will inevitably lead to boom-bust cycles like we saw boom from early1990s to 2000/ bust from 2001 to 2003, with devastating consequences for the weak internet plays and a massive valuation draw-down for even stronger players. And that's what we may see when the bubble bursts, but the likes of S4 will yet benefit from leveraging the massive investments made in this space and will help drive higher productivity for CMOs, even after the bubble bursts. That's the bull case for us as we look out over a 12 to 36 month horizon.

GLA..

@Heatseeker - thanks for the link that Zurich is insourcing the life insurance contract back. The contract was ending in 2026 and per the article below, was going to be bad fpr CPI back in 2011, and was a disaster indeed with the £20m annual outflow. Good riddance time indeed.

https://www.recruiter.co.uk/news/2012/09/capita%E2%80%99s-contract-extension-zurich-%E2%80%98-disappointment%E2%80%99

"I think what 1msn means and I raised it once before is a company can delist but still offer shares to be traded OTC. Sorrell could claim that it's just not working for them on the LSE. Then after a few years it could be revalued and relisted elsewhere. This can happen can't it?"

@longfell - whilst it's possible and they could claim that they work to rebuild the company away from the view of the UK public markets, I daresay it's an unlikely scenario for a company with circa 80% revenues from the US - I'd wager that they'd first consider shifting their primary listing to the US stock markets before considering a go private/delisting from the UK market option, which would be a sign that Martin has all but flopped badly, and he wouldn't want to make a move that leaves his legacy in tatters. It's an opinion but one I have big time conviction in, FWIW!!

Us getting taken private this year is naught but pure fantasy, IMO.

We're down in the dumps from a growth viewpoint, and hence our 'valuation' is rock bottom and we're currently priced to fail. Why will martin strike a go private deal at this low point for the company. He's setting the company up for better valuation in 2026 by cutting costs now (the depth of these is still an unknown) with a view to driving better profitability when growth eventually returns - that's what he's working towards and he's convinced he's right.

Maybe 1msn wants an out at 60p and hence the talk of go private in 2025 - I remember him announcing here he sold a chunk in the 50s in the run-up last year whilst pumping the price to £1+ at around the same time. Cal me a cynic, but i've seen plenty such prognostications fly about but then the corresponding actions don't marry up!!

I'm sitting tight for the business turn in 2026. GL holders.

Agree - I don't believe traders (or even holders) constantly throwing share trading or shareholding numbers on these anonymous boards. I'd have to be a rank sucker to take these posts at face value, albeit they may offer us a smidge of comic relief.

Personally, I care about my holdings and whether my investment thesis is still valid at this point in time. With the incoming cost cuts and if the US economy stabilises going into 2026 with 2 more possible rate cuts, marketing spend growth could be back on the agenda going into 2026. Fingers crossed.

Is this MildLaddie buying back heavily?

ROFL...

Very early days, IMO. If we ever got close to a SaaS model with Monks.flow, it would have to mean that our business is booming via existing and newer customers leveraging this platform for their content needs, and the stock price would have to be multiples of these levels by the time we get there that the need to do this wouldn't arise. :-) Just a take!!

We won a net new small £9m public sector contract this month, a small yet good win under our belt. And we're in the £2.5b framework for the Crown Services announced recently - nothing guaranteed in terms of revenue, but a good step nonetheless.

Wait, should I be posting such irrelevant messages on this board when AimLess and Meekie seem to consume many on here with their astounding relevance?

"S4 Capital faces no significant debt maturities before 2026." -

Perhaps the Moody's analyst should've gone to Specsavers? There is no debt maturity before August 2028 and was a good enough reason for the market to toss aside the downgrade and take the stock up 10%.. ROFL!!