RE: CAPITA Broker-Rating-Update Target Price to 70p (BUY) REC.15 Dec 2020 12:43
Hi eatstocks, I fully know that you did not directly criticize me but the opinion of those brokers. But as you've found out already in the past months, our cpi shares have been swung around mostly thanks to the doom & gloom media who in coordination with the MM's take in turns to drop and rise the cpi shares where the negative sentiment permits this sell off. At the end of the day, the MM's have to earn a living too, and therefore is fully expected for them to take advantage notwithstanding having more buys than sell volumes showing for today cpi shares trades. Anyhow, please look at this past 22ndJune 2020 post by the same Broker who has been quite supportive of Capita share prices to date.
He discussed that if the ESS got sold, he would revise the cpi share price and so he did today as to 70p from his original down here posted as 80p back in June 2020. Peace to All.Smile.(*__*).NoFear
Capita turnaround continues-
‘Additional planned disposals, such as Education Software Solutions for more than £500m could make further material gains in value realization and potentially drive a significant re-rating in the shares, taking debt concerns off the table,’ said Brockton.
Capita (CPI) has offloaded Eclipse Legal Systems which Numis believes provides further evidence of the outsourcing group’s turnaround.
Analyst David Brockton retained his ‘buy’ recommendation and target price of 80p on the shares, which surged 14.8% to 49.4p yesterday.
He said the disposal of Eclipse ‘helps to reduce financial gearing, highlights some of the inherent value within the business and makes further progress delivering a turnaround’.
https://citywire.co.uk/funds-insider/news/the-expert-view-capita-royal-mail-and-codemasters/a1371137