Member Info for KGinvest

@Laura: can you please share the investor chronicle link? I can't seem to find the article on their website.

I have topped up here with my average of about 100. This is nothing new and people are being delusional if they think some conspiracy is going on and keep seeing comments on insider trading, lol. Every other stock in ftse250 and AIM has gone through this cycle over the last two years.

I don't even think there is some big fund selling; look at the facts. Only 16m shares have been traded since results day out of total share count of 250m resulting in 40% drop. Only thing you can conclude from this is that there is a very low number of buyers willing to invest and extremely poor liquidity. Give a rest to conspiracy theories and lack of management intervention. All they should be doing is making sure they hit the numbers they committed to and try to exceed it - only this will take the share price back to a sensible level.

@JG: sometimes we got to take advantage of the 'dog' market.. I have taken a small position and will top up more if this slides further

@Savage: "It's a sick dog crying/begging to be put down."

So true, but not for CPI my dear.. I think it is more apt for a keyboard warrior who has got nothing better to do in his/her life than to spend time bashing a company which he/she has no stake in.. did mama not treat you well when you were a wee little child?

Share price drops bring all sort of derampers back.. i see this as opportunity to top up more which I did first thing in the morning and will add more if it goes into 15s

It's being shorted, no buyers, another field day for them

Not 'nowt' Garydav2. It is being valued at close to negative -£100k. £100m from last year's profit, c£100m this year's, £200m CBAM sale. This is very brutal for peeps holding it from last year, thankfully I never ventured but feel for those guys - this is just pure bad luck and to some extent indicates that owning any lending company is just not worth it

Typical PI response to a falling share - trying to find some conspiracy theory where none exists.. we only had 1m volume of shares traded out of 250m shares, that's peanuts.. I have no idea how the company did last quarter and the results may well be below expectations but don't lose your marbles and start talking about complaining to FCA. If you are investing in UK shares, have the stomach to see your investment go down by 50% - short sellers play havoc even with low volumes. Have trust in why you invested in first place instead of reacting to what markets throw at you.

Top 10 shareholders in this firm owns about 90% of the company and then you have some directors holding decent amounts, no indication any of them have sold anything in the last few months so best to keep patience and have dry powder ready to pounce on any big drop, if we get one on Monday.. we are flat on the year, it had a decent run on the hope that it will continue to grow at a faster pace then it pulled back when reality set in that the growth this year and maybe next wouldn't be that solid - this still remains a good company executing well on their long term plans and would give you peaks and troughs along the way.. GLA

@JG: you are right, they shouldn't be too different in the areas they compete but my understanding is that capita does hire lot more IT specialist roles than serco and serco has much less fat in management roles; maybe I am nitpicking..

That's a pretty quick turnaround, their IR dept is quite good. With 20k employees, we are not looking anything beyond £20-30m.. either way a small blip compared to where we are heading.. that's why i did load up more today; this has now become my biggest position in the portfolio so hoping the management deliver on their promises

You must be kidding.. £24k is the minimum wage for someone working full time 40 hours a week; while there must be a big chunk of workforce just above that level, there are still layers of management in capita earning a decent buck.. so I would respectfully disagree

Not to say they can't and won't be able to adjust their contracts to account for this increase to maintain their margin but lots of their contracts are multi-year ones with no provision to negotiate it up so at least in the short term these costs will bite

@JG: it's not hard to gauge at least to get a high level range. For someone earning an average salary of £40k-50k annually, CPI would need to pay additional £1200-£1500 per year in NI. Times this with an estimated 30k employees, you get a range of £36m - £45m. It is not insignificant hence the additional pressure on share price. I don't remember if they committed a number for next year's free cash flow but it could very well mean they end up pushing it down to 2026. I am sure they will comment on this in their next update.

This should have come out in a rns, maybe i missed it.

"Close Brothers Motor Finance has resumed underwriting new business, following the controversial Court of Appeal ruling which sparked chaos at the end of last month."

https://cardealermagazine.co.uk/publish/close-brothers-starts-underwriting-new-finance-business-again-as-industry-recovers-chaos/309698

@JG: I don't look at buy/sell numbers as it's pointless; the quality of the data is very questionable. What's known is the volumes were 10% of the total issued capital which is huge and most likely involved a big holder or two selling indiscriminately. We shall see some confirmation of this in tomorrow's rns. What's it's worth for, I took a small position at 60. We should know soon enough if this was a knee jerk reaction or a potential fraud in the making.

I don't disagree with you @Icecool but something like that shouldn't have resulted in a 60% drop. Accounting irregularities are frowned upon but this level of car crash is extremely rare.

I think either an EBIT raise or a significant progress on confirmation of US bus sale has the potential to move this up; if it's status quo, we are likely to drift down given US treasuries are perking up again and they have inverse correlation to the value of US bus entity.

Goes to show why you shouldn't listen to people throwing out stupid price targets when a stock is going down; always believe in your thesis than get influenced by condescending folks

@Mary: did your buy order just caused a spike!

Thanks @Rivaldo.. can you share the source please?