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In reference to the share price 'tanking' - we are in a very different place than even a few weeks ago, with the recent reporting and forward projections based on empirical data and performance. In the last few hours the price has moved due to MM's rattling the tree and playing their usual games + a small amount of profit taking. Remember its hardly ever a straight line north!
Good laugh!!? - Indeed and mostly fuelled by the drivel and uninformed whittering from AimMaster 2018. Aim don't be offended, its all said with no malice intended. However, would you class yourself as a contrarian investor?
Anyone shorting this share at the moment should seek the services of a psychiatrist! There will only be upside, and at a differing pace determined by the flow of empirical data and results. Of the many aspects of the CEO's statement last week, the really key one for me is the fact the order book is growing and Capita are winning new business, as well as having existing contracts extended.
There is a lot of rubbish punted out on this message board and the likes of Aim' are not only boring they talk utter drivel. Equally so those who tell people how many shares they hold and at what price are probably being slightly economic with the truth, and are dreaming! All I know is I have moved into a + position and am eternally grateful to the work JL and his team have done and are achieving.
Wow 40p hit, its been a long time. Interesting set of opinions and assumptions from GoCPI - I agree with your thinking and in addition reinstatement into the 250 will help. If H1 results produce good news, the confidence factor will rise considerably. I think that's when we are more likely to see the next condensed period of gains. Market sentiment has not been with CPI for a long time and I think £1.75 is a realistic target within the next two years. Additionally there are a huge number of long term share holders, institutional and private, who are locked into this share and are still nursing considerable paper losses, they will be in no hurry to sell.
Better than expected reaction from the market to the FY results. I'm sure there will be a slight dip and then a rise, hopefully towards 40p, at which point I'll be breaking even! H1 results in August will be of considerable interest, as will the price in the market reshuffle in June, as re-entry into the FTSE 250 would provide a further boost. Its been a long time coming and for those who have been patient, we may at last get some reward.
I'm sure the more informed commentators on this board will have a range of opinion on these results. My own sense is that it feels like turning an oil tanker round! There is no doubt that the work JL, and others , have done is achieving positive results, but the pace of change and material benefits are set very much for the longer term, 5 years +. I remain cautiously optimistic but with no reference (that I could see) to any sort of dividend on the horizon I think its time to consider wider options for the money I have tied up in Capita.
As always I'll be interested to see the comments of the more informed.
Realised income from disposals received by half year 2023. Efficiencies and benefits from the restructure filtering through but impact not for another 18-24 months. So far a number of positive strands and no real negatives, if you are in for the long term!
It feels like a work in progress, which of course it is. I like what Morgan is saying, but I wonder how the markets will react over the next 6-9 months. He remains illusion on indicative figures for net debt reduction. Over all feels encouraging, agree or not?
Sorry 7 billion
I occasionally have a look at the posts re Cine’ - it’s sad but true, a lot of people are clutching as some very small straws. The facts speak for themselves, Cine for all intense and purpose are bust. The shares will never recover as they have a mountain of debt that they will never be able to re pay. Mookie is a complete chancer and he has helped you burn your money. How on earth can a company that generates the sort of cash Cinedoes ever expect to pay back 7 million?
Good news indeed today. It will be interesting to see how the 156m gets divided up. I just hope they use a good percentage to pair down the debt pile. It would be great if they are able to get below 425m or less by year end. still a long way to go, but hopefully heading in the right direction for a sustained period now.
Page 46 of todays Times tells you pretty much all you need to know. Get out ASAP whilst there is a pittance to still be taken. - after all something is better than nothing! Once the dilution happens the current shares are worthless and that’s it game over.
You are wrong. The shares will be suspended immediately if the application for chapter 11 is granted.
How long do you think the creditors will deem reasonable to pay back debt of nearly 7 billion?