focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
I was prepared to hold out long - but they are now running regular adverts on Greatest Hits Radio "Have you been a victim of the Capita data breach...you could be due some compensation...". The vultures are circling. If they are running these adverts on the radio - how long before TV. I just sold my stock. Took the loss. I genuinely wish you all luck and really do hope to see Capita recover - but I just don't have the stomach anymore. My average was 22p so I took a 32% loss - and you know what - it feels fine! Good luck all. I hope I regret selling. Genuinely.
I genuinely hope you held onto them. This is phenomenal.
Https://techmonitor.ai/government-computing/why-the-public-sector-still-loves-capita
Also https://12ft.io/ - (paywall hopper)
Based on the fact that Capita are willing to fight this - and assuming have the phone call - and given that oral contracts (including phone calls) are legally binding - then I see no reason for concern. Will even counter as good news when the ruling is made. I'm holding - prepared to go long. Capita will recover in the long.
So Capita continued to provide the software to schools in NI under a licence that ESS claims expired in March.
Capita disputes this, telling the court it accepted “commercial terms” for an extension of the licence proposed by ESS during a phone call.
A phone call!
More streamlining which is a positive. At this stage any news (that is not bad news) is good news (hence the better buy/sell volume ratio).
Capita has always has been a favorite with the big investors and will be even more so once the sp is stable.
Today 07:00
Capita Plc - Disposal - Capita agrees to sell its travel businesses
Capita Plc - Disposal - Capita agrees to sell its travel businesses
PR Newswire
LONDON, United Kingdom, August 10
Capita plc
10 August 2023
Capita agrees to sell its travel businesses
Capita plc (‘Capita’) today announces that it has agreed to sell its travel and events businesses Agiito and Evolvi to Clarity Travel Ltd (‘Clarity’) for an enterprise value of £36.5m on a cash free, debt free basis. Taking into account the working capital and debt liabilities that Clarity is assuming as part of the transaction, Capita expects to receive cash proceeds of £16m, of which £8m is payable on completion and £8m is payable 12 months following completion.