RE: Another Week2 Sep 2024 19:39
@okeydockilly As I mentioned before, I base my investment decisions based on management guidence, financials etc. When Capita's management predict completion of sale 'towards the end of August', then I tend to accept that. I would have thought that Capita's management would have been briefed as to the realistic timing of completion of timing and added a buffer to that. Hence management's expectation for completion towards the end of August. In hindsight, perhaps management should have stated their expectation for completion is by the end of September, or made no announcement about expected completion date at all.
@Trisor. Despite your fantasy/skeptism about my investment intentions, I happen to be a medium-long term shareholder in Capita, and I have stated that several times. I have merely stated that the lack of an RNS update will have an adverse affect on the share price. Surely all investors in Capita would want the share price to steadily and consistantly rise over time? I am no different which is why I suggest that a short and sharp RNS update would restore the status quo i.e. circa 19-20p and steadily rising until the sale. That said, I bought recently, so the current dip does not concern me, and as I said previously, if it drops further, I'll simply buy more as my usual investment is minimum £250-300k. On your other point, if the sale does not proceed, Capita will bank the £20M, however, I doubt very much that Capita would sue, as that type of attitude would sned the wrong signal and as a consequence discourage any future buyers from making offers to buy assets from Capita.
It's funny how the CFC say AH is wonderful etc. and a wonderful communicator with shareholders. Up until now, that has been pretty much the case. In my opinion, AH has dropped the ball on this occasion. I am simply stating the bleeding obvious. Whether you agree or not, that is your choice. It doesn't mean I am right, and it doesn't mean you are right. We all have different opinions, hence the reason we throw our 'pennies for our thoughts' into this Capita discussion board.