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Cashola, think your right but June is only 3mths away and I cant see how they can turn it around in that time. Its a combo of announcing yet another loss, shrinking turnover, selling off a profitable ESS and announcing even more disposals going forward. Thats not the stable news city likes to hear !!! I thought the market wouldnt like it and its been sliding uncomfortably since the announcements
Sliding is probably due to dodgy year end results and outlook sinking in. Not a great announcement.
No real news due for a while but its done really well to hold on to the 40s. Daft for anyone to deramp these levels as it would take absolute ages for it come back up !!! Very slow burner now, with no major news to speak of
Divvy 1, a quick scan of your posts proves its all fluff content. Cheerleader with no one left to cheer and duff predictions.
'Go no fear, go no fear, go no fear'
Haven't you heard the news fella, No fear took his 10% and sold out. he most deginitely did go !!!! LOL
Divvy1 " looks like I'm off pal"
Now be a good girl and do as you say LOL
Notaflip
"This compares with FY2019 figures of
(a) Profit before tax (FY19) INCLUDING ESS = £197.7m
Less
(b) ESS profit before tax = £51.4M
Result =
(c) Profit before EXCLUDING ESS = £249.1m"
Since when has 197.7 less 51.4 ever = 249.1m
Back to front analysis from the same super rampers school of thinking as wotshisname and that crew LOL
Its really not hard to understand ESS has been sold, its gone no longer part of CPI. L4L its got no relevance not now nor going forward. End of.
CPI loss is (£49.4m) vs PY(£62.6m) Very simple really and honestly its really not that hard.
Notaflip, there is no problem with the results, perfectly clear they made a loss, end of. The share price reflects the disappointment of those results. Its held on in the 40s but it has slipped lower today. General long held market sentiment is its an unloved and untrusted stock. CPI need to crack on with restructuring and start to show they can make profits.
Cashola, that makes total sense. There's nothing to short here at these prices. The bad news is all out in the open and the inertia in the current price is I reckon due to the disappointing results. If they had made a profit, however small that would have been a pleasant surprise to the market and tickled this up towards 60p. They really should have managed a small profit this year because with all the office closures, cut bonus payments and huge covid related overhead savings and all that, making a small profit would have indicated CPI had turned a corner. Not to be at the moment but with disposals and restructuring 2021 perhaps
Notaflipper, thats a good plan and makes sense that CPI start to offload loss making and non core businesses. If they streamline the business down to get back to basics it will focus to rebuild a profitable business. This kind of news will gradually help to strengthen the share price over a period of time. CPI need to get the foundations right, regain city confidence for the shares to start rising
As for the soap opera, all the remaining cheerleaders like Divvy1 the exit is that way. Go hang out with your chums on discord or whereever, no ones interested in your daily rubbish here anymore. Who cares. Your talisman no fear very publicly sold out, know nothing got found out, eats knows nowt. Go join them, who cares LOL
Most understand that CPI is challenged and unloved. Hope was year results would give it an uplift and much needed turnaround.
Lets face it at 45p theres nothing for anyone to de-ramp. Unfortunately though, theres a hardcore group of fantasist rampers who have been at it on a daily basis here!!!
Waiting on the results a lot of people were hopeful it would be at least 50-60p by now.
Theres been a daily regular crowd here that tries to dupe people into believing its about to rain ingots and unicorns. None has come true.
Think Cloudy and club67 have summed it up today
Cashola, you are completely correct !!! Nobody is referring to know0 EBT numbers, not Capita, no Financial press, nor any financial analysts.
Totally weird to keep banging on about claiming capita have just made a 116m EBT profit. The really silly thing is he is saying this share will be 1.20-1.70 in 12mths and cant understand ESS is not part of capita anymore. Its sold, gone.....you gotta laugh at this guy :-)
Fundamentally they do need to be profitable in order to be sustainable.Downsizing is fine but they have downsized this year and still made a loss. So they held onto a 3.2billion business that then still made a loss, yet they sold off a stable profitable ESS.
Its all a bit messy right now. It would have been good to see 60p today on the back of better news. We just have to wait and see now.....oh well
Yes the comparative is they lessened losses by £13m but the end result was still a disappointing (£49m) loss. I say disappointing because in a year with office closures, t&s, utilities etc cost savings really should have been significant.
I was hoping for break even or even possibly a small underlying profit. I suspect thats why the price is in the red this morning. On the other hand they did reduce debt but then equally they announced they will contract and start to sell off divisions as well as cut more costs.
If they were to do all that, by this time next year it could be a 2.5billon turnover business. I think they need to show they can actually start to make a profit again. Its was disapppinting that on the 3.2billion they made a loss again.
We just have to wait and see how the market reacts to this news in the next few days
I think a lot of people here were hoping for decent results/announcement yesterday that would have given it a push to 60p at least.
If was not to be for now....oh well lets see next few days
Where it does get silly here is when people start to state incorrect results. Know 0 is calculating projections of £1.20- £1.70 for next year but has forgotten they have sold off ESS. You just have to laugh sonetimes.....
Know 0 "SO apart from anyone who doesnt understand accounts and thinks EBT from 2020 isnt 116M, there is a range of 120-170p in 12 mths
Your logic is so fundamentally flawed its clear you dont understand ESS has been sold off.
Read the results properly fella and sharpen your pencil !!!
£3.2billion, £65million, (£49million loss)
https://www.google.com/amp/s/www.independent.co.uk/news/business/capita-business-work-from-home-covid-b1818432.html%3famp
Matt, no I'm not suggesting anything daft amd havent been all day. No one has taken that £116m figure other than so what who cares ?
The reported results are what you take and heres yet more examples. No one is interested in a meanigless who cares £116m number???? If you want to interpret the correct numbers , just look at trytobuys post. He sums it up nicely:-)
https://www.ii.co.uk/analysis-commentary/ii-view-capita-details-next-phase-its-recovery-plan-ii515488
And another
https://youtu.be/EJLnVdfRo64
If anything, referring to ESS numbers just goes to show Capita have sold off a profitable part of their business. Who cares now anyway? Its sold and gone LOL
The loss is (£49m) end of :-)
Thank you trytobuylow for confirming, they are exactly the figures I stated as well as all the financial press.
£65m adj before tax flowing through to (£49m) loss
When someone starts claiming the figure is £116m profit......you really have to wonder :-)