focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Its a great turnaround by the management team.
From loss making with huge debts to cash generative and debts reduced by 50% and expected t reduce much further by next year. Big pension deficit now in surplus. Good work.
Institutions hold very heavily here with good reason.
Not sure it was a tree shake. Cpi falls on bad market days where bad economic data is fed into the bots.. but on no news days it recovers and climbs. Its been the same pattern for weeks. The trend remains up.
Hope to see a strong H1 update so it can motor on as its seriously under valued down here.
Good post.
Even the largest ftse companies react negatively when bad economic data is fed into the algorithm's.
Cpi tends to move up on no news market days and pulls back on bad data market days but is still slowly but surely trending upwards against those head winds.. its 2 steps forward one back but that does help consolidate the gains and removes sellers.
Im hoping the trading update this month gives the rising price a spurt. Its due one of its strong runs north and it sat on a very cheap valuation given the companies turn around.
Looks like hes just sold shares he was awarded the day before through vesting scheme. Pay his kids school fees or something.
The sale is Not entirely relevant to cpi but srp is at the best price its been for a few years so i dont blame him. . I bought srp at 118p in 2020 so its well up.
Id be happy to see our directors sell when this is £1 +
I expect i will be long gone by then though. 50p will give me 100% and im happy with that but i would stay in if momentum was still with it. It will happen and i have patience.
Cpi have issued trading updates in June for the last 2 years.. 21st last year, 25th year before.
So highly likely there will be a market update in the next week or two.
Positive noise and we may well see the current uptrend pick up pace.
There’s one poster who laughably claims to be a shareholder yet continually attempts to post negatively and has not one positive since early April. Prior to that was highlighting positives so draw you own conclusions. Look no further. I noticed a lot of posts disappeared from Tuesday too.
Surprised at the rise? I’m surprised at the harsh drop to 1.3p (pre consolidation) with oil and gas at ridiculously high prices and senx generating profits. Fully funded etc.
The update was very positive as it confirmed things are moving as they prepare to drill and are ahead of schedule/ all on track.
EOY 2020 cash £12.1 mil. Placing raised a further £8.8m so £21m cash - Acquisition costs £3.5m and cash now £17.5m
Cash EOY 2021 £5.5m so after the acquisition taken into account cash burn in 2021 was £12mil give or take.
6 months on what is left of the EOY £5.5m? Unless they have been generating some net cash then they will be out of cash at some point this year.
Debts are about £8m no idea when payments are due.
Am2018 posted he was well under water back when he was ramping 6 weeks ago. The Guys full of bs. He's sold hoping for a pull back to 20 hence the desperate posting. So obvious.
Now resorting to telling porkies. Shame ad he was a decent poster at one time.
Won £3.8bn of total contract value in 2021, a 31% increase vs 2020 (£2.9bn)
Renewal rate of 93%, including contracts with Ministry of Justice, two European telecoms clients and major UK financial services institution
Order book increase for the first time since 2017; book to bill at 1.2x (2020: 0.9x)
Secured £312m through extensions and incremental scopes of work with Transport for London, Defence Fire and Rescue, Department for Work and Pensions
- Strong unweighted pipeline of £9.4bn in 2022; year-to-date we have won almost £700m TCV
(Doesn’t include last weeks contract win)
I do find it hard to believe you still hold here AM2018. You were posting some positive thoughts last month..
“I reckon sp target back to 50p with couple of disposals to nudge the debt In the short to Medium term. Long term I am hoping for 80 to 1.20 plus..I think once portfolio division is majority sold by end of 2022...then with free cash flow and majority debt reduced. I see dividend to be reinstated towards end of the year 2022 start of 2023”
Your tone change this month and incessant negative posts multiple times a day. Hence other posters throwing the troll word at you.
Makes no difference really, I way passed squabbling with posters on here.
I’m bullish on CPi your post from April above is why in a nutshell.
With the price just starting to rise from rock bottom…
Outsourcer Capita said it swung to a profit in 2021 as revenue ticked higher for the first time in six years.
On a reported basis, the company swung to a pre-tax profit of £285.6m from a loss of £49.4m a year earlier, with revenue down 4.3% to £3.18bn. On an adjusted basis, however, revenue was up 0.4% at £3.0bn, while pre-tax profit increased to £93.5m from £5.4m.
Capita said revenues were underpinned by some major contract wins, in particular the Royal Navy training contract and in the Public Service division as a whole. These offset the impact of contract losses, mainly from 2020, in the Experience division, as well as the net revenue loss of Covid contracts won in 2020.
"We also expected further benefits from a recovery in our Covid-affected businesses, such as Agiito (our travel & events business), but lockdowns and slow market recovery affected this significantly," it said.
Chief executive Jon Lewis said: "It was a year of significant change at Capita as we completed our transformation by ESTABLISHING A PLATFORM FOR GROWTH, while continuing to strengthen the balance sheet.
"We grew our revenue in 2021, reversing six years of declines, and expect this trend to continue to improve, while we also expect to deliver positive sustainable free cash flow in 2022.
"Capita now has the foundations in place to deliver sustainable improving financial performance; our new simplified divisional structure will deliver significant benefits."
Looking ahead, Capita expects to DELIVER REVENUE GROWTH in 2022, POSITIVE SUSTAINABLE FREE CASH FLOW and to continue to strengthen the balance sheet.
"Our revenue growth target is built on strong contract performance in 2021, our order book, lower attrition, a growing pipeline of new business in both Public Service and Experience, as well as ongoing recovery from Covid-affected businesses," it said.