Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Oh dear what happened to the 6p and rising? Greedy ramping always a complete waste of time
Unfortunately it’s not going to make a dent in the 5B debt pile. Chapter 11 should go through this week and then nothing left for shareholders, complete dog.
Agree with your comments. No mention of any shareholder returns for the future and no projected or indicative figure given for net debt reduction and when.
IMO a lot will be determined within the next 6 - 12 months as to how the future will be shape for Capita and value for investors.
I’ve not replied to DW, as I will wait for evidence to support or otherwise what his comments have implied. As for the trading statement tomorrow I don’t expect any upside, rather steady state. As for 40p by the end of Sept - I’m not holding my breath, maybe by year end!
Not posted for ages but it looks like the CEO and his team are delivering on their recovery plans. Hopefully the results and trading statement on Friday will be well received. Does anyone have any views on where they think the share price will go by year end if the news stays positive? Also what do cpi need to dotore enter the ftse 250?
Time to just forget about this share, hold it in the portfolio and check again in 6 months time. I cant see any really positive upside until debt is reduced further and growth continues, with an inflow of new or extended contracts
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.
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!
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