Member Info for Lordy2020

Skim read the RNS release. Good to see growth achieved, but not so good to not see a clear position re debt reduction. Have I missed something here?

Whilst there are far more important events happening in the world, I'm slightly embarrassed to comment here. But, in relation to CPI this is carnage and sitting on a paper loss of nearly 50k - and yes, like many others I know the risks. My issue is with the sense that the price is probably being taken down for a reason and that implies somebody knows something ahead of the results next week. The trading statement in December, albeit rather bland, had a very negative impact that caught most people off guard.

I can help but feel the debt reduction has stalled significantly and if there is any hope of a recovery it will only be achieved by increasing revenue, not be stripping assets, which are not all loss making. This share will not 'fly' soon and its a question of stick or twist - cut losses now and wait for the next opportunity.

Well done congratulations you must be the most shrewdest of investors!

Unclear is it a purchase or disposal?

Good old capital, the ftse 250 rises by over 2%, what does capital do - stay stagnant at best!

No crumbs of comfort anywhere to be seen today! One thing you can say about Crapita its consistent - nearly halved in share price over the last 4 months - the days of 55p highs seem a lifetime ago. Its a perfect storm at the moment & I hope all our respective boats can keep afloat!

I hope your right, sitting on a huge paper loss at the moment!

Thank you for your post, I rarely visit this board these days as so much rubbish is posted that is simply not worth a second look. What you say is spot on and I don’t see any possibility of a dividend return soon, but if the disposals can translate into real debt reduction and new business can be gained over the next 12 months or so this company stands a chance. Its a risk though and I’m sitting tight on a 25% loss at the moment

I can understand why you would feel like that, but only if you are expecting a quick return or are day trading. The last 5 years have been a very bad time for investors in this stock, but finally it does look like the plans put in place by the current management team are begining to bear fruit. I say this for two reasons :
1. They are actually progressing and executing what they said they would do and have not contrived some recovery plan, based on 'spin' and objectives that are simply pie in the sky.
2. The results, so far, and the projections regarding the debt level and profitability for the next year to 18 months are well within their grasp. Unless there is a genuine possibility of take over talks (which I was led to believe was on the cards a couple of months ago) the share price will only show a consistent upward trend with the release of information, for example further news around completion of asset disposal or increased numbers of new contract 'wins'.

I have no idea what the share price will be at any given time but I would be dissapointed if it did not reach, and stabilize, within the 55-60p range by the end of 2021.

Excellent words indeed, and pretty spot on.

Rumours are starting to circulate that an offer @ around 65p a share is on the cards, with PE firm Apollo being the front runners

That's great isn't it?! However this information was first posted last July!

Sorry but what is happening on the 22nd of March?

This is a disgrace, and the fact that the. BoD have endorsed the offer is a comment on their abject failure over a number of years. I reckon they had little option though, as there clearly is no plan B to raise capital or to conclude as successful re financing package in 2021

Absolutely right Mr Flibby, the big question is will ABC subscribe to that view, and other institutional investors for that matter?

Is that what all those investors who brought in at the float price thought? Long term investment? Of course they did and look how they have been rewarded. I agree with Jed, something just does not feel right.

Assuming the offer is firm and the BOD recommends this to shareholders for approval, 35p represents about 14% of the float price in 2014! A salutary lesson in how a debt pile will cripple, what potentially and operationally, is a good company. Spare a thought for those retail investors who are holding huge losses. It could be worse! you might have invested in the WEIF!

This is stagnant. I sold and put some into Blackbird, real prospects.

'Just down to price' - really. You may have noticed that the tone of the statement on RNS was bland to say the least. You may also remember previously when the statement was upbeat and more positive. This doea not suggest that negotiations are progressing well or badly, but the absence of any tangible positive info makes me thing that the discussions/negotiations will cease and no bid will materialise. Only my opinion.

Sorry but I can’t agree. The problem is refinancing the debt. Who would lend, at a good rate, to a company that can not evidence sustained reduction of the loan? Hence this scenario indicates high risk due to performance fluctuation potential.