Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Guys go and re read H1 results they are very good..
margins up in all divisions.
Total order book £6.7bil
In capita exp the order book was + 76.2 % with margins up from 1.5% to 5.3% and operating profit up 269%
Looking at other divisions it’s a similar story margins well up.
In H1 alone they won new contracts valued at £2.6bil.. an increase of 70% on same period last year.
The business is in recovery mode and remains on track to be cash generative in 2022. How it’s valued at just £505m is beyond me. It’s a buy down here for me.
Higher margin is a good thing stew but unfortunately its on lower revenue. Whilst loop claim they will be ebitda positive they will in reality make a loss.
Investers at 25p should have taken note of loops predicted spend of the money and compared it to cash burn, i read it and gave my thoughts but was shot down. Now those buyers need over 300% rise to get to B/E..I still think they will need to raise more funds this year. Hopefully for holders at a higher price that 7p.
Best hope is an offer for the company.
The ceos should resign.
As long as there is no bad news i think this is pretty much the bottom now. Last results were decent imo but the market misread the apparent lack of debt reduction from sale of assets. Now we know it was because the payments were not received until last month. Cpi should have made that clearer.
I expect a good update in next results and return to 50,s.
What a great deal and for only 4.8% dilution which is sticky.
Ths now retain all profits .. thats how i read it.
They have got that very cheap imo.
Tharisa this appears to be good news for shareholders but why issue a caution? It’s completely confusing rns imo.
Berenberg bank target 200p
Peel Hunt target 230p
https://etfdailynews.com/news/tharisas-ths-buy-rating-reaffirmed-at-berenberg-bank/
FY2021 have not been released.
Half year was 11.5m
revs and a total loss of 4.5m
Full year results were 30th March last year.
https://www.argusmedia.com/en/news/2290197-pgms-rhodium-prices-jump-on-rising-demand
Yes it’s a complete mystery why this on £3-£4 billion revenue is being priced as a £500m company.
Debts will be right down once all the spin offs of none core business cash is received. Start showing that sustainable free cash flow the Updates promise and a huge rerate will then be in the cards.
Posters like NoFear who was ramping Cpi last week has shot himself in the foot over the weekend. Ive seen him deramping stocks he doesn’t hold, and then trying to push Cpi on other threads, that just winds people up and you then get wound up posters countering on here.. poor form all round.
The vast majority have no idea what capita business is.
I’m bullish here, it’s very cheap with an mcap that is just a fraction of revenue, with many huge contracts running, won and or extended.
Management maintain sustainable free cash flow will be generated this year.
Worth looking through the news pages from the website. Many contracts won never see an rns but are reports in the news section.
https://www.capita.com/news
I think it’s wishful thinking suggesting he is not insider.
https://www.business-live.co.uk/retail-consumer/top-thg-boss-sells-more-22911319
Thanks.. just copied your text back up. Useful to know this.
I will see where it is in a few weeks. Sp hit a 52 week low this week which looks completely unjustified. Probably due to Schroeder’s trimming a few.
Good to know that the money for disposals has only just been received as I believe a few were concerned that debt had not been paid down as much as expected following disposals. Not sure if Cpi made that clear in the update,
IR email
We were surprised by the reaction to the trading statement in December, as were our shareholders.
Frankly we reiterated most of our guidance from the half year results and pointed out things that should really have been in the market already, namely that Covid lockdowns in December would affect our growth outlook for the full year and that we were facing into an inflationary wage environment, which in a people-based business would take some time to work through.
I think perhaps that latter comment surprised a few people, as well as some expectation that net debt would have declined by the end of the year, which would only have been the case if the proceeds received in January had arrived before the end of the year.
As for the media, the quality of the commentary has been pretty low and articles have been factually inaccurate, but we are an easy target for now.
So in terms of reassurance: we remain on track to reduce debt this year and the disposal process is going well; we expect to have grown in 2021 and certainly in 2022, which represents a turnaround for the business; and we also expect a major improvement to positive free cash flow next year.
Personally I would say that on the ground it feels like an awful lot has been achieved in the last few years and that will start to show in the numbers.
Errrr no. Looks like any bit of buying just provides liquidity for seller (s)
Genuinely hope you guys get some good news and can recoup some cash.
JV68 thanks for sharing that info. Sounds promising. My buy order executed 32.9.
Mcaps fallen far to low for such a huge business. Let’s hope they deliver on that sustainable free cash flow - you ask which year and the email is not clear on that. The Dec 13th update says this year so unless they retract that I go with this year. It was only 5 weeks ago.
Just checked what aiming posted, I see Barclays reiterated buy stance after analysing the 13/12 update with an 80p target..
it’s pricking my interest at low 30,s.. 150% upside if Barclays analysis is accurate but looks some way off.
If they do what they say in the last update and generate sustainable free cash flow this will break that 52p resistance. It’s hit it a few times and then fallen back.
As Simon says (haha) they need to show they can deliver on that claim.