We would love to hear your thoughts about our site and services, please take our survey here.
Solato if you've been posting for over a year and it this drop was foreseeable for that period of time, why on earth didn't you sell out. Your Still a long term holder yet only see doom and gloom going forward? That doesn't make sense.
I sold when it rose to highs over 160 taking profits and then bought back at 100p and later at 89p ( wish i had waited now) I didn't expect it to go this low. Had i been blessed with your foresight id have kept my profits and waited.
Tharisa PLC CEO Phoevos Pouroulis tells Proactive's Stephen Gunnion the company benefitted from a buoyant chrome market in the six months to end March due to supplier shortages and increased demand. While its platinum group metals (PGMs) operations faced challenges with lower production and softening prices, he said they are showing signs of recovery. Pouroulis also highlighted progress at its Karo open pit platinum mining project in Zimbabwe, which he said will further de-risk the business. Overall, group revenue rose by 0.4% to US$335mln with underlying (EBITDA) profits down by 27% at US$81.2mln and pre-tax profits at US$72.4mln (2022: US$124.3mln). Headline earnings per share rose 14% to US$0.176 and it maintained its interim dividend at US$0.03. Cash inflows doubled to US$97.1mln, with net cash at the period end of US$113mln.
Been holding a long time now and look in here occasionally. Soloto seems to be the most frequent poster and it is always a pessimistic view, pointing out negatives.
I don't ever recall him posting any positives of which there have been many.
I formed the impression he is trading. Could be wrong, I don't really care but i do agree with Fynzz who seems a very well informed poster. Solato constant pessimism is weary.
Https://www.ft.com/content/39b71f11-6628-476f-9876-59697be25fb9
Capita wont be contacting individuals at this stage. The impact and damage assessment is still at a very early stage. I think its far more than a storm in a tea cup. Financial cost is already substantial and will grow if it turns into individual claims via the no win no fee mobs . Damage to reputation and possible impact on contracts is another consideration.
Capita doing their best to try and play it down whilst the press do their best to crank it up.
Whilst some were hopeful of a divi maybe as soon as next year, the recent events will probably cause a set back in that hope. . Being realistic fines and compensation will burn at least the next years profits. Is there anyway they can avoid these penalties? Ive been digging but haven't found anything. Ive examined some recent GDPR fines for data breaches. Lots of info on line giving examples of companies fined.. Not found anyone whose been excused so far.
It does seem harsh to fine companies who get hacked for data leaks but the regulations are there for a reason. A company with super sensitive data should absolute ensure they are fire proof and staff are trained to comply with protocol.
Its an absolute black swan event that no one would have predicted and has killed momentum just as the company has got back on track. Uncertainty will remain over fines and repercussions. I do feel Cpi doing their best to play it down but The Press will very likely be all over this again in coming days/ weekend.
The main questions it raises are what will be the consequences. Will the GDPR issue a fine for the breach. Will there be compensation issues?
I believe maximum penalty is £17.5mil fine or 4% of turnover which ever is the greater for UK companies.
Cpi generated £24m free cash flow last year. This potentially (but no certainty) could wipe that out. Will be sometime before any consequences known. Maybe they will just get a written warning?
https://www.capita.com/expertise/technology-solutions/cyber-security
Its ever so Slightly embarrassing, a company offering cyber security solutions gets hacked.
The email just repeats what is already in public domaine. Though it is nicely presented. The same as the Sunday times article repeated what was already publicly known last week if you had looked for it.
Cpi cant give answers to individuals containing stuff that hasn't been officially released to public domaine.
Just logged in and saw the drop. Quick scroll and see its due to a sunday times article on the hacking. All the information in the article was available last week although not confirmed. I posted about it and anticipated some negative press.
I then made the decision to sell last week when i saw it to preserve profits made in the recent rises. Ive no emotional attachment here. May buy back when CPI release a statement that overs some reassurance. I just didnt like the silence. Real shame this has happened just as they have turned a corner.
THS Summary from Tamesis note:
- From an EBITDA perspective this mark to market pricing for chrome more than offsets the production downgrade leaving us forecasting $233m vs previous $225m.
With our updated model we expect chrome to contribute $416m (or 60%) of total revenue
I think you mean the market makers marked it down and the market bought the cheap stock.
200% upside to achieve that broker target. I expect when karo up and running. Depends on your timescales.