Member Info for MrBrian28

Well-worth watching that. It seems to me that Capita are ideally placed to become one of the most important companies in the AI space, and I'm increasingly optimistic about the next couple of years

I have a few shares in my IG ISA and got an email with a link taking you to a Proxyvote.com voting page. Didn't ask for any money and its easy to vote

I agree Adam. Capita is now my largest position and even though I'm still nursing a large loss I'm getting quietly optimistic. A new contract win, hopefully a clearer view to FCF provided next month, and we should continue to climb. Unless world events cause catastrophe....

Https://youtu.be/k4OPYOawDFo?si=39ubusWZ9zqmaoHp

Capita gets mentioned at 24 and 29 minutes -

If Capita Public Service came to market itself via an IPO it would be worth a market cap of £700 million, while Capita's whole market cap is around £230 million.

The private sector division currently has margins of 4.5%, and is targeting margins of 6 - 8%. This is achievable over the next 2 - 3 years, and should lead to a rerate of the share price.

It's a good interview, covering Rockwood's strategies and how they get involved with companies to offer advice and direction

Looks like Aim was right about shorts reducing - Glg Partners Lp reduced by 0.07% to 0.54

From the Annual report RSN:

As detailed in the 2024 Annual Report, the Company's Annual General Meeting ("Meeting") will take place at 1.00 p.m. on Wednesday 25 June 2025 at THG Studios, 7-9 Sunbank Lane, Altrincham WA15 0AF. The Notice of Meeting will be published and distributed to the Company's shareholders in due course.

I'm away but would have liked to attend, it might be a bit spicy

Capita gets a mention:

"Material new investments were made in Capita Plc, which is undergoing a root & branch transformation under new management"

And on the UK small cap landscape:

Richard Staveley, Fund Manager, Harwood Capital LLP said:

"Having outperformed peers, the market and our target returns, we are delighted with the on-going demand for Rockwood Strategic by investors seeking out a differentiated approach to UK small cap investing, in a market peppered with over-looked and undervalued businesses.

We have strong confidence in the portfolio's potential and its returns for shareholders in the months and years to come. Many of our companies have new, now settled, management teams, clear turnaround plans, aligned incentives and the experience to drive profitable growth and shareholder value. If the UK stock market ignores the progress underway, we expect a maelstrom of takeover bids, as we observe huge discounts to intrinsic value and corporate opportunity.

Market weakness post Period end, caused by U.S. Tariff announcements, is providing an exceptional opportunity to add to existing investments, almost all of which have limited direct U.S. exposure, at highly attractive share prices. If, like us, one has a sensible investment time horizon, then the oft-quoted advice of Buffett, Templeton, Klarman, Marks, Bolton and Munger on market behaviour would suggest we are staring in the face of a material buying opportunity in UK small companies".

There was a trading update last year on 15th April, so hopefully we'll have something next week. Agree it's been drifting and the market needs some information

And this one on the Capita LinkedIn:

Reacting to Chancellor Rachel Reeves' Spring Statement today, Capita CEO Adolfo Hernandez said:

"The Government today made some difficult choices regarding public sector spending, but the need to ensure that the public sector is delivering services efficiently remains.

"At Capita, we’ve seen first-hand that there is enormous potential to use advanced technology – particularly artificial intelligence – to drive efficiencies. While it will take time to implement changes, this is the moment to double down on these efforts. As the Prime Minister declared in January, AI can usher in a “golden age” of public service reform. Achieving this requires a willingness to take small and manageable risks, and we shouldn’t let an "all or nothing" mindset hinder us. We need to get started now and move at pace.

"Capita is already working across Government to help deliver essential services. I believe our business has a number of solutions which can be used in the short term to support government in their growth mission, and, over the long term, revolutionize the way the UK public interacts with the services it needs."

Have a look at the 'expected timetable' at the bottom of yesterday's RNS about the AGM and annual report. Consolidation starts on 28th April

I emailed Helen about this, and she didn't think that the work Capita do for the DWP uses AI as it's for PIP assessment, and this work would continue whether AI is used or not.

60% of Capita's core revenues come from government contracts.

After never getting a single reply from THG's IR, it was a very pleasant surprise to get a speedy response!

@Kidge it was originally a story on Instagram, but the strange torso can be seen here:

https://businesscloud.co.uk/news/moulding-tips-thg-for-remarkable-2025-despite-sales-dip/

Https://www.theguardian.com/technology/2025/jan/27/ai-prototypes-uk-welfare-system-dropped

I read the article and was worried the cancellation would affect Capita's prospects and got this answer from Opera browsers AI bot:

"Yes, Capita is indeed affected by the recent developments regarding AI prototypes for the UK welfare system. Here’s a brief overview of the situation:

Prototypes Dropped: The UK government has shut down or dropped at least half a dozen AI prototypes intended for the welfare system. This decision has been attributed to concerns over their effectiveness and potential issues.

Concerns Raised: There have been serious concerns regarding the use of AI by the Department for Work and Pensions (DWP), particularly about how AI systems handle sensitive personal information from benefit claimants.

Impact on Capita: As a major player in providing services to the public sector, including welfare services, Capita may face challenges due to the halt in these AI initiatives. This could affect their operations and future projects related to welfare services.

Future Opportunities: Despite these setbacks, there are ongoing discussions about ramping up AI adoption across the UK to enhance economic growth and improve public services, which could present new opportunities for companies like Capita in the long run.

If you have more questions about the implications for Capita or the welfare system, feel free to ask!"

It doesn't fill me with confidence there will be many new government contracts in the short term. Is anyone else more optimistic?

HL paid mine on the 9th. Had to go to the website though and transfer it to my ISA, it didn't go there automatically.

A few products make the best beauty gifts list:

https://www.theguardian.com/thefilter/2024/dec/02/best-beauty-gift-sets-christmas

@carefree01 It's still there. Click the link in BAZGTR530's post at the start of this thread and that takes you to Tom's post: it's the first comment.

And just noticed a reply -

"Barry Ives the people that can effect change or influence Matt Moulding are effectively too scared to do that as he gave them such great contracts and share options that they are too scared to lose their golden eggs to do their actual jobs. But the vast majority of Thg workers are being let down the same as us by inept board members"

@OAC

It's a comment on a post by Tom Killeen, CEO of THG Brands at THG:

"Tom

Can you please go and drag Moulding out of his office and ask him what the hell is going on

Since the last earnings call which IMO was an utter misfire nothing has proceeded as stated

What happened to the early November circular around the demerger,utter silence now and SP collapse

We’ve been told over and over that every offer undervalues THG yet these offers have been 4-6 times greater than current current MC

One might think that directors are not applying their fidicury duties

Care to comment?"

Couple more comments in reply to that now

I wonder if Matt sent a similar one to his employees?

CEO message for employee shareholders.

All,

As an employee who invests in Wood, I am writing to you following our recent trading update and subsequent market reaction which resulted in a fall in our share price.

Although I cannot immediately fix the frustration and disappointment that you are justifiably feeling, as your CEO, I want you to know this is something I feel personal responsibility for.

As an employee shareholder, I recognise the personal stake you have in our company’s success.

Your trust in Wood’s prospects is not lost on me and is something I will work hard to regain as we recover from the impact of this period.

Ultimately, I know that people believe actions and outcomes over words and so that is what we are focused on now, through:

• Close alignment across the ELT, Board of Directors and our advisors as we manage the initial response

• Supporting the timely completion of the independent review and any outcomes from that

• Ensuring the recovery of our Projects business unit, together with its successful transition to a more streamlined operating model.

Be assured our commitment remains on decision-making that delivers on our promises of a profitable, cash-generative business. That’s our focus and responsibility to all of our shareholders – and that includes you.

If you have any questions about your shareholding or the options available to you within your plans, you can find more information here or you can contact shareplan@woodplc.com for more information.

Thank you for being invested in our business on all levels. We simply could not do it without you.

Ken

I don't think they are coming to rescue us imminently, OSG. This from their RNS this morning:

"The Company and its directors are not currently in discussions with any specific target company regarding an acquisition."

Thanks OSG, I did think it was Iain McDonald for a moment . .