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Shore Capital have in the past been very vocal and very positive on Capita.
The analysts name at SC is Robin Speakman. I have e mailed him asking if he intends to announce an update post FY Results. I will post here if i get a reply
robin.speakman@shorecap.co.uk
If Schroders & Schroder Inv Mgmnt are the same people then they alone hold 25% of Capita.
Same with Veritas; total 13.3%
Point is AH probably only has to speak to half a dozen or so Portfolio Managers (PM's) who between them own 70+% of the company. If he can convince those very few people that the future is rosy with him as CEO, that's got to be a plus for me.
Adds up to 102% tho, which baffles me.
Anyone got another sourse?
NF, thanks for that.
My point re shorts is that we ordinary punters do not get data of shorts under the 0.5%; only MW at 0.53%. But there could well be more under the treshold. I guess AH will be privvy to this info.
On another point, do any of you know of a list of major shareholders? Sure i read that 84% were in hands of ii....
@NF, watching the buy's & sell's on ADVFN is not really for me, nor trying to guess the SP at the end of the day. But if it helps you with your trading that's perfectly fine. I'm more focused on the longer term than the near. Bottom guessing is bl**dy hard. Having done my due dil i'm more interested on the new guy. He seems to have a nasty habbit of taking over a company and, within a few years, turns it around. I like that.
Anyway, question if i may. MW short is at, what, 0.53%. But could there be many others below the 0.5% threshold we don't know about? Thought you might have an opinion on this mate
@Terry, spot on mate
@JG & Trisor, fully alighned with that, 18 months
Looking at revenue is a blind alley. (no comparrison to CPI here)
I recall a company with lots of revenue. Traded in Europe and mainly US. Lots of cash through the doors. Too much debt tho. That company eventually entered C11. That company was called Cineworld
I am only making the case that Turnover/Revenue as a useful metric alone is pointless.
No comparrison to Capita
@Bubb, mate no, revenue means nothing.....look
Revenue (Reported)
2018 £3,918
2019 £3,678
2020 £3,324
2021 £3,182
2022 £3,014
As Alan Miltz said 'Revenue is vanity, profit is sanity'
@'others',
Think of the timeline. It was announced Adolfo Hernandez was to become the new CEO of Capita in July 2023. He will have been approached months before that; so that he could look at the 'books' so to speak, and reach a decision. Cyber attack was what, March(?) So, he was fully aware of the hack and the financial position that Capita was in, but still saw an oppertunity and took the job.
Here. Look. I like an analogy (as some will know)
The patient books their appointment with the specialist, spring of 2023, having been unwell for some time. Presents with certain really awful symptoms. Surgeon goes through the consultation process and takes time to come to a complete conclusion. Decides that with carefull surgery, an excellant medical team and 2 - 3 years for full recuperation the patient has an excellant chance of a full recovery. But initially the patient will need full ICU support.
Is that any easier for you miscreants to understand?
@JG,
I call it life support after 6 years of JL as CEO. Share price has dropped from c250p to 14p today.
That is a picture of abjecy disaster in my book.
RBC Capital have lowered their target price from 42p at the start of the year to 18p today. Not ideal in 8 weeks.
I'm waiting to hear what Robin Speakman at Shore Capital has to say. He is always positive on Capita.
No, i'll stick with 'life support', but firmly believe the patient can make a good recovery given time.
@RR,
Agree, we're on life support. But i think AH is up to the ask. Why would someone with all to lose choose Capita if he didn't see an opportunity. He probably could have gone anywhere, but he chose Capita. 2 turnarounds under his belt. Then moves on to work at Amazon (AWS); that Bezos fella ain't known for hiring idiots!
What is AWS known for; Cloud computing & AI. 2 things that could hopefully transform a company like Capita. Move everything to the Cloud and integrate AI technology. AH has a track record for doing just that.
What he can't do, after 5 weeks in the job, is effect the SP. Don't ever forget, the market is rigged. Sad, but true. MM's control the price. Media write crap stories. Shorts open. Price goes down. Boots get filled. Then SP is lifted. We saw it first hand with 'suckers rally' up to 21p pre results. Blatant manipulation.
Our job as investors, is to see through and past this. I am not a trader looking for 2p or 3p. Rince & repeat. I want to buy now at 15p & tuck away for 12/18 months.
@Cap, same hymn sheet.
Just, if i can suggest, don't gaze hourly at the SP. The company is on life support. Look at the record of the surgeon.
He's good; in face he's bluudy good.
To me, he's making all the right moves.
Read up on him. It really is worth the effort.
Sorry if my comments today seem a tad blunt; no offence to anyone. It's just i think folks are venting their anger at the wrong man.
This fella's not a JL; he's the real deal, for me anyway
@NF
Compare AH's performance at SDL over the period 2016 to 2020 with Jon Lewis at Capita.
Sounds like a 4 bagger to me for AH.
Whereas JL oversaw the total destruction of shareholder capital
Really, the BOD should have elbowed him out after 3 years tops. We could have had an AH 3 - 4 years ago!
Https://www.standard.co.uk/business/capita-cost-cuts-jobs-ceo-adolfo-hernandez-government-contracts-savings-loss-b1143435.html
"However, we have yet to deliver the operational excellence that will enable us to create the right platform for future growth or achieve our full potential for the benefit of shareholders."
Shareholders. Thats US. Not stakeholders. That bits important.
Have patience, and am sure AH will deliver the goods. Seems to stay at companies for 2 - 4 years, until the turnaround is complete. Then moves on to the next opportunity.
'Administration', ffs Cap get a grip man!
@cap,"ah needs to move very aggressively and decisively otherwise this will head into administration… at which point all is lost"
what a load of total tosh. do you think for a minute amazon took him on because he was a loser? obviously not!
give over and gets behind the fella.
remember wenger taking over at ****nal. everybody gave him 6 months. became a legend. sir alex at man u. same start, same ending. legends.
these things take time; it won't be all sorted by 3 weeks on friday ffs....
jesus effin wept!