Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Insert Directors talk where stars are.
Also just noticed a link posted in the post below mine.
https://www.***************************/serinus-energy-ready-to-move-to-a-higher-growth-phase-interview/4121058039
All sounds pretty positive listening to this..
Missed the presentation as been away. Anyone got a link
Any one selling now is realising a loss. Still being manipulated out by shorts. (Which are reducing)
Look at boohoo, 67p last week all the nay sayers posting nonsense that its going bust, a few days later up 25%
Cpi will get there. I can wait, i only play with real money, too many are trading on cfd and get forced to sell.
Capita PLC (LSE:CPI) returned to profit in 2021 and posted its first adjusted revenue increase in six years, a trend that it expects to continue.
In reported terms, the business outsourcing company posted a pre-tax profit of £285.6mln for the year to 31 December 2021 from a loss of £49.4mln the year before, and revenue dropped to £3.18bn from £3.32bn.
However, revenue rose 0.4% to £3bn on an adjusted basis, with pre-tax profit rising to £93.5mln from £5.4mln, the company said in a statement.
It said revenue growth was supported by major contract wins in both core divisions, particularly the Royal Navy and RSPCA training contracts. These offset contract losses, primarily from 2020, in the Experience division, where revenue declined by 9.4%, and the net revenue loss of COVID-19 contracts won in 2020.
The Public Service division saw revenue growth of 10.8% during the year, but the Portfolio division declined by 0.3%.
Debt has been reduced to £880mln from £1.07bn in 2020, funded by operating cash flow and disposals, with further debt reduction planned for this year.
The group secured £3.8bn of total contract value in 2021, a 31% increase versus 2020. Its programme of disposals also exceeded its £700mln target ahead of schedule.
Capita anticipates revenue growth in 2022, positive free cash flow and continued strengthening of the balance sheet.
The group said it expects revenue growth to be underpinned by strong contract performance in 2021, its order book, lower attrition, a growing new business pipeline in both Public Service and Experience and continuing recovery from COVID-affected businesses.
It expects slightly lower profit margins in 2022, partly reflecting the impact of prior year contract losses.
Capita forecast revenue growth in the mid-single digits and high-single digit EBITDA margins for the core business in the medium term.
In a separate statement, Capita announced it received clearance from the Department for Business, Energy and Industrial Strategy to sell an IT services business to One Equity Partners for £115mln.
This January, Capita announced it had agreed a deal to sell Trustmarque, which provides IT services including software and hardware re-sale. Capita bought the York-based business, with a turnover of £120mln, for £57mln in 2016. The deal is expected to close this month.
Just home after a 4 hour drive. Looks like the shorters have managed to put a double bottom in. From 8% up to 4% down. Will they be closing now?
Happy days as i wanted to add today and The drive saved me 3p a share.
Happy with the update, 6 years of declining revenue swung round to small growth. £3billion revenue, 9 billion order book on a tiny £330m mcap.
Sustainable free cash flow forecast for this year. The company in its best shape for a few years.
Bargain imo. Happy to buy and wait.
“Boohoo has delivered strong growth for two years.”
Revenue two years ago was £850mil -
Revenue now £2billion
Lowest sp 2 years ago £1.57 highest sp 2 years ago £4..
( Has been some relatively minor dilution..)
Sp now 92p - looks a real bargain sub £1
Possibly folk who sold and want back in, not everyone is genuine and transparent . Plus some shorts need to be covered.
Markets are not great atm with the war in Ukraine but i certainly feel without that blackswan a sp of 50p would have finally broken. Lets see how the market reacts.
https://www.insidermedia.com/news/yorkshire/115m-sale-of-capitas-it-services-business-cleared
Decent summary
Blue the reduction in debt will be higher when they receive the cash payments. They are expected early this year, there was a long discussion on this forum and emails from cpi posted that there was a time delay from disposals to cash in the bank. So whilst disposals were 700m cash received was not 700m.
Once its all received debt reduction will be considerably higher. So its mot hugely disappointing if you know the facts. Cpi should have covered this in the report imo.
The 2nd rns shows another 115m incoming.
Press
https://www.cityam.com/turnaround-thursday-capitas-revenue-back-at-3bn-after-six-years-decline/
“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.”
Hello its 2022 now so its not really jam tomorrow is it, its jam this year.
Mcap is valued for company to fail when in reality they are in their best position for 6 years. I Will be adding.
The results are to 31/12. Its already documented that there was a delay in receiving cash for disposals. The company said this in comms with investors. Cash was expected early 2022 for disposals. The 2nd rns shows another £115m incoming now the disposal has been cleared.
Syste, 3rd quarter results, crude oil production year on year production was the same, no dip. . Natural gas production has fallen 30% since 2020 but to offset the 30% reduction in gas recovered prices have risen 250%. Revenue should be over 200% up on 2020 figures.
. Wholesale gas prices are up 250% compared to January 2021, with a 70% since August.
Senx revenue must have exploded, why hasn’t the share price. Has to catch up at some point. This should be 6.5p based on the gas price rise.
https://www.charltonandjenrick.co.uk/news/2021/09/the-alarming-rise-of-gas-prices/
Itv have also had a 18% fall today after putting out what looks like pretty strong results.
Bears are clearly cleaning up on any news good or bad.
Some good ops presenting themselves imo.
Bwng sat on a stupidly low valuation for a solid profitable company. All retailers are effected by current headwinds distribution and inflation, they need to adjust their strategy accordingly, if cost of materials rise the rise has to be passed onto customers unfortunately and Bwng will be doing that. Rising prices could/ should actually help the loan business?
Got to be the most undervalued gas and oil producer on aim. Cash generation has risen massively with the rise in these commodity prices. Company valuation needs to seriously catch up.
I’ve read the update a few times and see no justification for such a large drop. The macro headwinds were already well priced in imo. How is the company on ebitda of £93-96million valued at just £135mil.
They’ve met expectations and grown revenue.. freight costs are up and inflation is clearly an issue but they state they will raise prices to meet the added expense and inflation..
I saw tweets mentioning debt as an issue clearly from people who have no idea debt is covered twice over by the loan book.
May add to my small position when the dust settles. Seems silly to sell at a loss when it’s sitting on such a low valuation.
Markets are crazy.
78% long positions just with those funds I posted yesterday. MW is the only short over 0.5% at 0.9%. Very few large companies don’t have any short positions, most have a lot more than Cpi.
Yes there will be some smaller shorts below 0.5% but equally there will be far more long positions that are not notifiable positions.
When there is a small free float it is possible to manipulate the price by taking a relatively small short and loading the sets system with small sells via an algorithm or DMA. In my view it’s temporary. It offers an opp to buy cheap shares in what I see as a huge company that’s on a road to recovery but is sat at a low
Cpi say they are on track for free cash generation in 2022. If they show that’s actually happening then the sp will rise substantially imo.
Just my view. Been buying 32 down to 29. Will take more if it goes cheaper but got plenty, I’m in no rush.
Too much negativity imo, shorts are under 1%
meanwhile the Longs
Schroders 303mil 18%
RWC 269m 16%
Investec 194m 11.5%
Marathon 125m 7.5%
R&M 85m 5.11%
Veritas 83m 4.9%
Ninety one 76m 4.5%
Invesco 70m 4.18%
HL 64m 3.8%
Jupiter 53m 3.18%
No doubt algorithms are playing with the sp whilst volume is low to take pi,s money but there are some very big players with huge longs and with longer term views…
. MW short is just 0.9%. A good update in 3 weeks time and we will see who is right.