Member Info for MarcusExile

Richard Staveley, the lead fund manager of Rockwood Strategic, views Capita plc (LSE: CPI) as a core, high-conviction turnaround play. The position sits firmly within Rockwood's top ten holdings, accounting for roughly 8.4% to 9.5% of the fund's Net Asset Value (NAV). 

The specific investment thesis and price expectations driving his strategy break down as follows:

Deep Operational Under-Valuation: Staveley targets deeply undervalued companies where clear self-help can unlock value. He noted that despite a massive historical fall from grace, Capita still delivers roughly £2.4 billion in sales against a heavily discounted market capitalisation, indicating massive structural mispricing. 

Margin Recovery & Resolution of Legacy Issues: The core of the thesis rests on operational turnaround, cost-reduction, and margin-improvement initiatives. A major driver is the resolution of prior missteps, such as clearing up loss-making contracts and addressing the "problem child" private-sector unit within its Contact Centre division. 

Insulated from Macro Shocks: Staveley has highlighted that Capita's success is largely independent of broader UK economic growth or global tariff anxieties. Its recovery depends almost entirely on internal execution—whether management can successfully deliver on restructuring and operational efficiency, which he believes they can. 

Schroder - 15.3%

Oasis - 15.2%

RWC Partners - 9.68%

Royal London - 4.81%

Richard Staveley: Rockwood Strategic plc (LSE: RKW), the micro-cap and turnaround investment trust managed by Richard Staveley under the Harwood Capital umbrella, holds a 3.1% equity stake in Capita plc. The investment is a substantial conviction play for the trust, sitting firmly within their top ten holdings. The holding accounts for roughly 8.4% of Rockwood's total Net Asset Value (NAV), representing a position size of approximately £11.3 million. Rockwood targets deeply undervalued UK small and mid-caps where clear operational, strategic, or management changes can unlock shareholder value. They view Capita as a classic corporate turnaround opportunity, heavily backing the self-help, cost-reduction, and margin-improvement initiatives driving the business.

The Oasis Effect: The shift by activist fund Oasis Management to become a major block holder (15.2%) and claim a board seat signals intense institutional focus on Capita's "Better Capita" strategy—specifically its cost-saving efficiencies, AI integration, and the ongoing disposal of its private sector contact center business.

Management Alignment: CEO Adolfo Hernandez has also been actively buying shares on the open market, building his personal stake to roughly 0.55% of the firm as of March 2026.

@Savage_KeyboardR Smells like 🐂💩 to me 🤡

Nobody spends this much time discussing a share they have zero interest in, unless they live an incredibly sad life….

@Savage_KeyboardR Again you claim you are not invested so why comment? You spend an awful lot of time posting negative comments so you’re either shorting the share or working for an institution who is shorting it. How about being honest for once in your life?

After claiming to buy some shares yesterday and falsely saying that the Government could default on payments, normal clown updates from Aim have resumed…. 🤡

Please accept my apologies @rafflesintheuk01 That’s the problem with reading half a post in work 🫣 I added 2 plus 2 and got 5. A bit like the creative maths that Aim and Savage do 😉

@rafflesintheuk01 I respect your opinion but am I going to take your advice or am I going to listen to….

Schroder - 15.3%

Oasis - 15.2%

RWC Partners - 9.68%

Royal London - 4.81%

Richard Staveley: Rockwood Strategic plc (LSE: RKW), the micro-cap and turnaround investment trust managed by Richard Staveley under the Harwood Capital umbrella, holds a 3.1% equity stake in Capita plc. The investment is a substantial conviction play for the trust, sitting firmly within their top ten holdings. The holding accounts for roughly 8.4% of Rockwood's total Net Asset Value (NAV), representing a position size of approximately £11.3 million. Rockwood targets deeply undervalued UK small and mid-caps where clear operational, strategic, or management changes can unlock shareholder value. They view Capita as a classic corporate turnaround opportunity, heavily backing the self-help, cost-reduction, and margin-improvement initiatives driving the business.

The Oasis Effect: The shift by activist fund Oasis Management to become a major block holder (15.2%) and claim a board seat signals intense institutional focus on Capita's "Better Capita" strategy—specifically its cost-saving efficiencies, AI integration, and the ongoing disposal of its private sector contact center business.

Management Alignment: CEO Adolfo Hernandez has also been actively buying shares on the open market, building his personal stake to roughly 0.55% of the firm as of March 2026.

@AimMaster2018 should be on the Bi-Polar Train! Are you short or long? Make your choo choo choice…. 🚂

@YTeeBack + @AimMaster2018 = Same Person 🤡🤣

@AimMaster2018 Does this mean you’re now a holder? A bit late to the party 🥳🤣🫣

Watch from 1 hour 7 minutes until the end. You’d be at idiot not to be a long term holder after watching this!

https://youtu.be/93fPj4pN-Y4?si=VqGMAfEPebkcJzXZ

@Trisor Oasis truly is a game changer. Savage and Aim know this. Firing off little sheep turds in their pants in fear of their shorts getting burnt….. 🔥 🤡🤡 🔥

@Heatseeker77 Trenners is a good guy. Friend of mine. He’s one of us mate. Very knowledgeable and very highly invested. You boys must have got your wires crossed somewhere but we’re all in “Team Capita”. Kiss and make up fellas ♥️

@Savage_KeyboardR Is that the best you can come up with? Desperate ramblings of a desperate clown…. 🤡

@AJP08 Thank you. Why was the original AGM on May 15th postponed?

Mystic Meg is back 🔮

@YTeeBack You are either a BOT, another alter-ego of Savage/Aim or Capita’s own AI 🤖 has created an account on here 🤣🤣🤣

@Smartinvestment We’re definitely on the same page! I wish I had walked away 4 years ago and invested end of 2026. No matter how many times I advise JS to work on their investor relations, I get the same response. They feel LinkedIn is enough but barely anybody reads it 🫣

@Smartinvestment I am close to taking a hit here and moving on. The complete lack of investor relations and a share price that never moves despite years of record results tells me everything I need to know. I want it to succeed but they need to invest in their PR. Someone please persuade me differently before I jump ship for better opportunities…

@Simpiles Good advice. Oasis insisting on a director is a f**king masterstroke and game changing. Shorters have had an easy life with Capita these last few years but the 15% position taken by Oasis now gives LTHs the higher ground. They are not mugs and will aggressively push for a decent return on their investment.

@Shorty39 let the shorters stack! They’ll get caught out and burnt soon enough.