George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Now come on you lot of moaners; such delicate petals sometimes, really. Old Darth will sort it, but the universe wasn't conquered in a day. You need to come over to the Dark Side, and embrace The Force. Obi-Wan Bezos has taught him well. Remember, The Force is strong in this one.....
AH is a Star Wars fan, as many are, so with that in mind I thought i'd chip in with a few Darth quotes.
Anyway, that's me done until after Easter.
Then on Tuesday the SP will be “too infinity & beyond” (ok, that one was Buzz)
Happy Easter all
For my part i have gone from quite negative about Capita, in the day's of JL & Sharehead's uberpumping, to seeing that the situation has changed with a new CEO, and am now very positive for the future.
Go back 1 year to March 2023. Black Basta had hacked us, JL was still coming out with 'jam tomorrow' FY Results; things looked fairly grim to me.
If i had said then that by the start of 2024 Capita would have a new CEO who came from being a VP of an AWS department with a high tech background, most would have laughed. Plus, at least once previously (maybe twice) he had turned companies around from loss making into profit. Even an old fart like me can hardly believe it!
Yes, keep up the good work Fearless
Presumably Blackrock are also in the 'cup half empty' corner. Their choice.
As i posted yesterday from NF's data, Schroders only had 101m shares in Feb 2020. But have been buying steadily since that level to now have over 321m shares & 1/5 of the company.
Schroders obviously don't see averaging down as chasing losses or indeed a mugs game.....but time will tell
Https://www.investing.com/analysis/gen-ai-market-expected-to-hit-13t-by-2032-and-these-5-stocks-will-rule-it-200647138
I found this article on Investing.com, which some here might find interesting. It talks about the big five players in the Gen AI field and how they will rule it's expansion. On the list is Amazon Web Services, where Adolfo was VP of it's Global Telco Unit.
From CRN.com "Hernandez was a prominent AWS figurehead, speaking on stage at various AWS conferences over his three years at the company as vice president of AWS Global Telco Business Unit. He helped accelerate digital transformation and cloud migration initiatives for AWS telecommunications clients"
"Amazon
While Azure has a hefty cloud market share, Amazon Web Services (AWS) is at the top, with a 31% market share as of Q4 2023. Sales increased by 13% YoY to $24.2 billion"
So, would it be reasonable to assume that AH will draw upon his experience and implement GenAI & AWS's Cloud migration at Capita, to improve profitability? Makes sence to me. Cut out the dead wood. Move to the (AWS) Cloud. Impliment Digital Transformation. All to further cut costs.
Comments?
@Trenners, that's my position also
I don't think it will take a great lot of 'tweaking' to turn the £106m loss to profit. What with the £160m in savings, one off costs hopefully dropping off, introduction of AI, reduced headcount. AH alluded to this when he took over in January, that he could already see some opportunities. I don't think we need to worry quite as much as some imagine, but it will obviously take time.
Too true RR, some of the pre results hype was way over the top; '50p by Christmas brigade' i called them.
But i feel things have changed, or certainly hope so, with the new guy. But, time will tell
All the best....
RR, i fear you are in the 'glass half empty' corner with these, & that's fine. But are you totally sure you won't feel you've missed the boat come June? Or maybe you are waiting till June to decide?
Time will tell. So will the SP. Good luck whatever your strategy friend....
@RR "Capita shares = high risk punt on failing company."
Think looking at the excellant data NF has provided, Schroders have completely the opposite view .
My money is with Scroders RR, sorry
16p incoming before Cap Markets in June, imv
What's interesting (to me anyway) is to look at the holding over time by Schroders. From February 2020, at the start of Covid-19 outbreak, they held just 101.031m shares. They stayed at this level until October '20 when they doubled up and bought a further 101.187m shares, to total 202.218m shares. This would have been just prior to the announcement of a Covid vaccine, with a huge proportion of the 40,000+ staff furloughed.
By August 2021 they had steadilly increased their position, to have by this time 309.079m. Since then they have further increased to now holding 321.826m
For my money that's a heck of a commitment in my view. All through the worst of Covid & the JL years, they never gave up and kept increasing. Brilliant data NF
Errors and omissions excepted
Please do
I guess with an average SP of 69p, maybe RWC similar, it dampend the idea of a takeover with a cheeky bid in the 20's.
Have emailed Robin Speakman at Shore Capital to see if he wishes to add a TP to his recent buy recommendation.
He is always very positive on CPI...
Excellant work there Fearless, many thanks
So, the Portfolio Managers at Schroders & RWC respectively hold 34.91% of Capita Equity. Then it waters down quite quickly with others holding no more than under 5%. I'll bet AH makes sure he has a very good relationship with those 2 Portfolio Managers; 2 people hold over 1/3 of the company he runs.
Over the past 24 months it's good to see Schroders increasing from 303m to 321m now. Lowering their average from 71p to 69p. So, that manager isn't running for the door, is he/she. Plus, if he/she is willing to increase with an average of circ70p, then i feel much better with my break even of 22p.
Good data, excellant
E&oE
Ok Fearless, i know this is the CPI board but am going to mention VOD even if the Puritans kick my shins in. VOD have 2 BIG problems to sort out. Debt, mountains of the stuff, and a terrible customer support. We can't help with their debt but Capita have recently signed a £200m+ contract with a European Telecom provider for customer support.
“Capita plc (Capita) today announces it has extended and expanded its customer experience contract as the strategic partner for a major European telecoms provider.
Capita will provide dedicated support for all consumer and business customers across a wider range of products and services, including technical assistance for mobile phone and TV products and order fulfillment.
Capita's remit will expand to include supporting the retention of mobile business and consumer customers.”
So maybe the respective CEO's should get their heads together eh. I have VOD on my list of 'turnaround' shares. They got their new CEO about a year ago, and things are showing signs of improvement, but the SP has yet to react fully. Merger in UK with Three needs to be completed, and I think it will, after hoops. SP trading 65 – 71 until then. Decided to top up in new year with an exit 80p+. Divi in the meantime is juicy.
Also, do you have a TP for the Shore buy update at all, can't find one?