Member Info for GoCPI

39.12 close - Shall we just say Volcano is in the green now?

Good weekend all - Sip a wine/****tail/Dom Perignon OR whatever is your favourite poison. Don't we all deserve it after a few tough years?

It never broke down below 25p in 2021 though, and we're in a different paradigm now. I sound like a broken record, but this is the year of value stocks. I made money in the US O&G sector in 2021/22 and most of those ill gotten gains are in CPI - thank goodness for those pessimists in the UK investor community.

Aimster - your 13:30 post. When did you buy your 5 long shares? Have you taken profits there and have you closed your 10 short shares? I'm just curious as to why you're seemingly almost never right - Thank god I'm not following your trades, and I certainly hope you're not an IFA? ;-)

I'd think that it must be the MW numpties covering their shorts. They had about 10 million shares short and a good chunk today could be them - they must know they are staring at a losing bet. 10 million shares short - would that be million times bigger than good old Aim's shorts? ;-)

20 million shares and counting even before half the trading day is done - someone's piling in big time and I won't be surprised to see 40p today but if not, it's certainly happening next week.

@Applebee - All FTSE-250 tracking funds will need to sell holdings in outgoing shares and buy holdings in incoming shares - good old shuffling of their fund constituents. They must do this; it's not that they 'can'.

Well done, JCB. Value will eventually shine through, and IMO, the journey has only just started. Profits will be higher in H1 because of 'Portfolio' division sales, not to mention profits from operational improvements. All impairments are done and with a recovering economy, sale realisation values should be better too!!!

I'm not saying this will go up in a straight line, but having been range bound between 20p and 30p over the past year, this breakout is very welcome and was to be expected. We may have to wait a few months till H1 23 results, but we should see a firm break upwards past the 55p that we've been stuck under for the past 3 years!! Patience = Rewards. Value will be king.

" Just remember GoCPI
"Partners at Marshall Wace are to share profits of £720 million"......so I'm not sure who the numpties actually are."

It's still them numpties - why be short on both Value (CPI) and Growth (THG and others) based on a macro projection that was flimsy at best, and one that relied on a total collapse of UK PLC, something that the doom mongering BOE even was predicting late last year. MW is a long short hedge fund, and they could've made money last year betting on inflation and being short treasuries/gilts, but it doesn't mean they'll be right all the time. They're numpties with these 2 short trades that I'm calling out. THG and CPI have great potential to really burn shorts as inflationary pressures are actually weakening in these business!!

MW is short CPI and someone like THG - both beaten down, albeit one is value and the other, a growth share. I can't imagine why you'd be short these sectors/shares, unless you're betting against UK Inc failing miserably!!! They deserve to lose money and I'm glad they are.
I'm not worries about cost pressures. TW did say on the call yesterday that they've factored in a 4 to 6% wage inflation for 2023 - mostly at the lower end of the payscale, where they compete against the likes of Tesco for their service team members. Pay freeze for employees making over £120k - blimey they must be hurting!! Remember they've put in competitive bids that should close in Q1.

I suspect we'll need to see more contract wins in the coming days/weeks, and I can't see why we won't get there. As I keep parroting - 'this is the year of Value stocks'. And UK growth is a good play too.

Good old Marshall Wace is short both these sectors or companies in these sectors - how fortuitous indeed!!

Aim - quit explaining and get to work buying the dips - that'll work wonders to your net worth, IMHO!!! ;-)

TBH, Eatstocks, the rest of the call was 'uneventful' with there being a few questions asked 'remote' by a couple of sell-side analysts, but were centred on capital allocation/capex detail. The 'D-word' (divs) as TW, the CFO, kept referring to, is high on the sell-side's mind and TW/JL are only too acutely aware of this. In answer to a question, TW stated that he'd massivel surprised if the final sale values of the portfolio companies don't clear out the debt, with CPI seemingly swimmingly in cash when these are concluded - Divs are certainly in play with the H1 results - true and full SP value canonly be realised at that time!!
@Know0 - I doubt there'd be a 5p dividend for 2023 - I'd suspect no more than 2p, and that's still circa a £34m outflow. It is a good start!!

I'm at the back end of the call and JL basically says that VMO2 WILL renew and that's a Q1 opp. He says a total of £1b opportunities is what CPI expects to win in Q1 (including VMO2), and the rest are public sector opps. These are opps that dropped out from Q4 last year to 2023 - that's another positive when they're announced. Capital structure announcements with the H1 results (in answer to the Barclays analyst question) and that will include guide to dividends or even an annoucements. I haven't finished the Q&A yet - I'll write back if there's anything more interesting

Thanks for the summary, Culley. I'll also get on the site and listen to the call - it sounds very positive.

Good old numpties from Shore Capital say hold - but then they've been parroting that line forever. Illiteracy is very fashionable, apparently!!!

To me, a Marshall Wace short is one of the biggest contra indicators for a share price. Capita's only listed short (over 0.5%) is MW, and of course they don't know their Ar*e from their elbow. CPI up 20% today on strong results - the numpties must be hurting.

https://shorttracker.co.uk/company/GB00B23K0M20/

You got to be happy when they're the largest short in THG. The huge volume today is very telling and I believe THG will breakout above 70p soon enough - it's one of the growth shares I can hang my hat on!! And MW have more than double short position here than they did with CPI above.

https://shorttracker.co.uk/company/GB00BMTV7393/

Closed at 34.86, at near the day's (and 52+ week) high of 34.96. This is going to 40p in the coming days - a typical move is a small profit taking bout tomorrow morning and then closes higher at the end of the day. Ditto moves for RR recently. The longs are being rewarded.

Aimster - you win some and you lose a lot - that's the market for you. Don't let a few pence dishearten you - there's time to get back in yet. Buy in the 33p range tomorrow morning - IMHO...

@JG68 - 2023 could also mean that they announce a small interim dividend with the H1 2023 results in August. That's what I'm hoping for. Historically, CPI used to hand out an Interim and then a Final dividend - JL will have the financial headroom to do this, starting with the H1 results. That's where I'm placing my bet!!!

Would I rather trust Peel Hunt with their dividend views OR would I rather listen to JL when he says - "“Bar the potential introduction of a dividend in the future -- which is something we are thinking about in 2023 -- we’ve broken the back on this turnaround.”"

He says they're considering divs in 2023 - I'd go with what the CEO is saying!!

Lol..I meant to say - sweet music to my ears!!!

Thanks, Voli. That potential dividend re-introduction in 2023 is sweet music to my hours!! It's coming home!!!!

If your 'innocent' observation about WC issue was based on the excess of Current Liabilities over Current Assets on the balance sheet, you should have really observed that £585m out of £1515m headline CLs is Deferred Income. It doesn't mean that CPI will actually need to pay this number out to someone - It is revenue received in advance and will be booked as revenue in the current year - straight up as defined per GAAP principles. I'd say chillax!!

Is there really anything else worth discussing?