Member Info for Kipper9

"Simples, any comments on this Atos situation?"

Message crossed....

Well done Aim. Yesterdays low was at just gone 4pm @ 13.7p. Did think myself that if the drop continues to below mid 13's, i'd maybe nibble again. That fall at lunch time yesterday seemed odd too; can't work that out.

Re; the Atos situation. My view on this is that it can only be good for Capita. Atos have 43 contracts with UK Gov. There must be some of those contracts where we bid, but lost to them. Now, we may be being contacted to see if we might take them on. Gov must be getting sweaty round the collar i recon. I also see NS&I sacked Atos last December for being crap.

Simples, any comments on this Atos situation?

@Craig, i seem to recall Simples inferring that this Atos issue was know about in the industry, and has been coming down the road for a while.

@JG, i wonder if the UEFA invoice will get paid at all, if Atos has no money to pay

@Stumpy, think i'm saying more or less the same thing, but not as well. This is only 'sector' contagion, to me, which Capita might well benefit from. But, with AH (& not JL), the margins will have to be there, or not at all. It all sounds like a 'fire sale' to me. Back in January Airbus wanted to buy Atos' cybersecurity unit for $2bn. I believe this mess has been building up for some time.....

Atos article

https://archive.is/VRt6U

Possible some contagion here for us that might put pressure on the SP. Could be seen as an entry point or chance to average down (again). Can't see it having an effect on Capita's actual business myself...

E&oE

"Looks like the Glg handbrakes gone on ," ...not entirely sure of what you mean there Dark. But, if you look at todays chart, the SP fell c4% at around 12 - 1pm. Bobbing along steadily at 14.2p, then dropped quickly to bottom at 13.7p.

Any reasonable explanations?

If you refer to me Mars, yer am happy to be out. When the SP fell out of bed a few months ago i felt it was overdone. So, i took some money earmarked for elsewhere and stuck my toe in. 2 buy's averaging £23. Possible capital gain with the 11% yield as a backstop. They may get back to the £23 again for me to buy back, but i very much doubt it.

Now, i just need LGEN to 'bounce' back to c250/260. Same principle, good yield if things don't work out.

Needed the money Atom. I get your point, but i have too much in the market, and not enough in cash at the moment. They were just a 'punt' if i'm honest, bought circ£23. So am happy with the tax free cash. In & out for a 11% return is ok for me. It's each to their own.

Similar position with my LGEN. Bought way more on the recent dip to add to my existing. But will offload them if/when they get to 250/260 area. Differant strategies for differant people's situations.

"I shed some load today." Me too, sold out @ 2,561.54. Took the profit. Good divi payer so may come back at some point. But, on balance, got £6k back in my ISA & £580 profit. Am happy with that. Good luck to all that are holding.....

More on JPM

https://www.investing.com/news/company-news/jpmorgan-cuts-legal--general-stock-price-target-remains-overweight-93CH-3493410

Https://www.investing.com/news/company-news/there-is-no-urgency-to-turn-more-positive-on-vodafone-stock--berenberg-93CH-3493454

"I’d suggest that he really doesn’t warrant reply’s"

....and yet people who's comments and views i value on Capita still allow themselves to be goaded into replying

Legal and General LGEN.L: Morgan Stanley raises target price to 245p from 238p

Courtesy of CWA1 over on AD3FN

15 months now Simples, seems to be taking quite a while to put to bed. Is a 'one off' cost anyway, whatever the number is in the end

Agree tich, i also tend to sell too soon. But i 'lock-in' a profit & it helps my liquidity. I never hit the top, nor get in at the bottom. I have my 'hold for the divi' shares here, but also bought the recent drop, so am a little heavy now. Any rise to 250+ will get me circ£950 profit, plus my money back in my account. If SP languishes here at 230, i'm still happy as will accept the dividend. A rise possible around H1 results or XD, both in August.

Good luck all, whatever strategy you use

@Aim, the £25m cyber cost might be covered in some part by insurance? Has anything been said to this effect from the company do you remember? Or is Capita on the hook for the full 25m?

@Clued, i run my ISA portfolio a little like you do. I have my income shares; those being AV, LGEN, BATS, VOD, DEC. Then i have my growth shares; CPI, COIN & META. Then i 'adjust' the amounts i hold by taking advantage of any swings in the SP. Recently, buying more LGEN at 230/226. These i have added to my existing, but will trade if the SP rises to 250/260, for a quick profit. Recently sold some COIN at $251 to lock in profits, and used that for my purchases. Will buy back the COIN if the SP drops to $205 target.

Been watching Vale, in the mining sector, but not quite hit my target yet. Also, National Grid, but need those sub £8

Good luck all

A little more info for you Pilgrims on last years data hack. No data lost and no extension to the Experian offer. Another step closer to putting this behind us

'there is still no evidence that any Capita member data is for sale on the dark web as a result of the Capita cyber incident'.

https://www.ucu.org.uk/article/13632/USS-Capita-data-breach-and-Experian-offer

Aim, ATOS is now a Cine. Existing shareholders all but wiped out. But you are correct, this can only help Capita; both on possible contracts and key personnel moving over.

Well said Lordy. I don't get to read the Savage fools drivel & your first paragraph sum's up why. He is mearly a disruptor, making comment for mischief. Very immature really to need attention in this way. Sadly, a lot of boards here suffer to some degree. Filter option is most useful

Good point Aim, so massive savings there. I note on the Atos website they employ 109,000 people. My point would be, as Simples alluded to, that some of these great people might be coming to Capita.

A lot going on behind the scenes.....