RE: What will be interesting20 May 2023 09:47
TM1 - facts are good, and lets look at the numbers then. On the day when the hack got out in the open it was circa 37p and its now 32p - It's still up from when the FY results were released in March. I don't predict share price movements near term, that's a fool's errand, but I see value when I see value. I didn't go kitchen sink my investments in CPI when it was in the throes of financial despair, even distress, a few years ago. If I can avoid losing money, I will and I've been pretty good at building a position here in the 20s, have taken some off the table, and will happily wait for the business transformation to play out, knowing that CPI is now in a much better financial situation. How much did I make - I'll leave that for you to ponder, but it's true that I don't have a 150k loser stamp on my forehead.
I don't fundamentally disagree with what you're saying about management attention potentially being distracted by the current cyber crisis. That's a risk. What you don't seem to get is that there is little they can say with certainty until a deeper forensic analysis is done - they're getting there, but it is a slow process. And the reality is there is very little that they can say to assuage public sector clients' concerns until a lot more is known and understood. It's no doubt a wake-up call for CPI, but one that should bring management focus to cyber security issues to the forefront, and that's reflected in the additional costs they've budgeted for in 2023.
I'll leave you to nurse your losses and try not to engage with you. I suppose I 'get' your perspective and your distrust of the BOD after they left you with these paper losses, but this is a shining example is why single-stock investments isn't everyone's cuppa.
Onwards and upwards, once the dust settles.
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