The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Markets down again today, every single share i have on watch is 3-6% down.
Trend still remains up in cpi and it will do upto results in August imo. Wont be a smooth ride though.
not many sellers at this price..
1.3mil bought only 550k sold.
I don't think anyones buying for imminent divis. When they are close this will be well over a quid a share. The attraction now is the low valuation of just £450m mcap for what going forward will be a profitable company with a huge turnover in the billions.
The market has to re assess the value here imho (sic)
It doesnt say the experience division was loss making, it says revenue reduction has slowed in that arm to 3%. Whilst the other two arms both grew revenues by 5% and 2%…
2022 on track to generate cash… thats not loss making thats profit making … but nice cherry picking.
Got you at 31 now walt, come on sharehead catch up fella.
Peel Hunt has upgraded Capita (LON: CPI) to ‘buy’ (hold), but trimmed the price target to 48p (55p). On 7 June, Capita secured another government contract, this time a three-year extension with NHS England and NHS Improvement, reflecting its ability to retain contracts and continue to work with key clients. Broker consensus this year is positive: in March, Barclays reiterated an ‘overweight’ rating, lowering the price target 65p (80p); in April RBC Capital Markets reiterated its ‘outperform’ rating, also lowering its target price to 42p (50p). Shore Capital in March kept its ‘hold’ rating. At close of trading yesterday, the stock was priced at 28.24p, a return of -22.63% YTD and -27.03% over 12 months.
Wow Some frantic posting today chaps…
Aim2018 currently in the lead with 29 posts (and his alleged short placed with waltermitty brokers still well under water)
Shareheads still lagging a little behind with just 26 posts - but playing the long hold game.
Just over 2 Hours to go… Place your bets -
Not expecting dividends for a while yet though im sure they will return at some point but be realistic the sp wont be 27p when thats confirmed. More like 127p.
Right now imho (ha) its ridiculously undervalued. Prices are rock bottom but it will get there.
Just to add refreshing my memory from FY results..
Our order book grew to £6.1bn (2020: £5.9bn). Group book to bill at the year-end was 1.2x, slightly less than we expected after the BBC extension moved into 2022, but still indicating a strong base for future revenue growth.
Unweighted pipeline of £9billion.
Mcap just £456mil.. seriously undervalued. I really doubt aim tells the truth in his pots and doubt he has a short that he claimed he opened at 25p but if he has hes crazy.
More than happy with the update, you always fear there will be a hidden bad news.. there isn't.
The company is meeting expectations and remains on track to generate free cash flow in 2022.
“We continue to expect further strong progress in the second half of the year in revenue, profit and cash flow generation.”
What you have to remember is Capita is a huge company with a £3.5billion turnover that will be profitable this year and is being valued at a tiny mcap of £450m.
I recall they also have a pipeline of contracts of well over £3billion.
The sp was up nearly 13% in the previous 2 sessions so its holding up well. Once the rainbow chasing traders are shook out i expect it to continue its uptrend leading up to August results.
Cpi remains at silly low prices for a company thats completed its transformation turned a corner.
Cpi dont put quarter Tu,s on their financial calendar for some reason, maybe as its not a compulsory release?
Ive been told 29/6 for this years H1 tu from someone who rang IR, its third hand but I'm expecting it.
“ People who lived through a recession said it wasng pleasant”
AM2018 are you 12 or something. Last recession was 2009, i still ate and bought clothes and went on holiday as did everyone else in those dim dark ages.
Unemployments at an all time low. Stop making nonsense up and get back to your lessons.
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.