Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I think CAPITA are saving some positive news for AGM, maybe potential bidders for ESS as it is very popular with education institutions, maybe release information on revenue generated from COVID related government contracts, maybe government rewarded CAPITA something for their hard work lol... leaning the business, cost cutting etc...they could be close to debt free if they fetch a decent amount for ESS (SIMS)...expect buying pressure until Thursday morning...
Owls still asleep... he's sleep typing lol...even the best shares are sold and bought on a trading day whether they are good value or not at their current price. Owls is just passing time and types any crap lol just to wind some of us lol
“But our plan is the right one and remains unchanged. I am confident that, with the work done to date and investment made in 2019, we can deliver organic revenue growth for the first time in five years in 2020.”
If the above statement becomes true, with addition of new contracts as well as over 100 COVID-19 related projects for the government, the revenue should easily exceed £4 billion.
Big days (AGM on 25th June and Half Year Results at the end of July) will determine the future of Capita.
I am purely invested here because of CEO, I Believe in this guy (Jon Lewis), government is heavily using Capita, Capita have won several new contracts recently and possible organic growth and this will be a major plus for Capita.
Analysts at UBS said: “Results are weaker than expected, and Capita needs ‘more investment’ to complete its transformation. However, it still sees positive growth in 2020.”
Shore Capital analysts said: “The outsourcing and IT services conglomerate has published results broadly as expected this morning, ‘transformation’ and restructuring continues, resulting in continuing reported losses. However, we believe that strategic progress is being made in repositioning and we expect the current year to December 2020 to see an improving performance.”
A Capita spokesman told Yahoo Finance: “As a result of the ongoing COVID-19 crisis, we are taking further, decisive cost-cutting action to preserve cash and protect our financial position. This will regrettably result in the loss of a number of jobs within our head office.”
Those who work for clients are safe for now but further job cuts are possible as the firm struggles to remain within conditions set by its lenders, the report said, adding that the company has taken a “severe financial hit.”
However, a spokesman told Yahoo Finance that the company has “plenty of headroom” and that while it has been hurt financially, that the impact has not been severe.