Member Info for PanamaPete

Yeah, missed the date on that one :()

It's been a nasty ride this one. I've been in & out of this a few times. Ok so losses did widen but it's still cash rich & the situation with Russia/Ukraine (war) hasn't helped anyone but I feel this situation is at a turning point now with Russians fleeing Crimea and 'talk' of desire to end conflict coming from sources in Russia (allegedly/anecdotal). The media fear of energy prices, like Covid, is driving down sentiment but I have a hunch things are not going to be quite as bad as predicted. People will adjust, demand will drop, gas will flow & the sun will come out. Good time to buy a woolly jumper (sweater) while temperatures are scorching. Still feel there is a possibility of consolidation / buyout. Shame the CFO's 510,000 share purchase were nil cost options - that didn't help. I'm sure we'd all like to see them digging deeper into their own pockets. And yes Barclays broker price of 105p didn't help but that's 5% above these levels. Ho-hum.

https://www.thisismoney.co.uk/money/markets/article-10997739/Turnaround-King-Jon-Lewis-revival-Government-contractor-Capita.html

I said I might be interested should it fall below 100p, well it has & for my sins I am back in. Some positive news on energy prices will lift this. Daily Mail article saying cheaper to charge at home at 7.5p/kWh rather than the pricier public charging points but PodPoint 's supermarket chargers cheaper than many - perhaps too cheap.

https://www.dailymail.co.uk/money/electriccars/article-11106357/Study-reveals-huge-extra-cost-charging-EVs-using-public-network.html

https://www.thisismoney.co.uk/money/markets/article-11109017/Private-equity-eyes-Capitas-card-payments-firm-Pay360.html

Aim, you need to stop looking in the rear view mirror & start looking at the road ahead. It might make you a better driver.

"Accelerated revenue growth was expected to continue in the second half, said Capita, despite the current uncertain macro environment, with positive momentum in all divisions, supported by a strong pipeline of opportunities."

Barclays overweight at 240p & Berenberg buy at 220p - make of that what you will.

Dow, Nasdaq & most markets all finished blue so maybe sp open higher tomorrow after all.

So down 5p tomorrow then.

Roll up, roll up, get your dividends here. Only a few remaining at this price. Last orders please.

I have finally left Virgin Media. As a very long-standing customer from the 1990's, formerly Jones Cable with a monthly glossy printed cable TV guide, then Telewest, then NTL & finally VM I am no longer prepared to pay a premium for my broadband/tv package over new customers. Most TV I watch is Freeview anyway, then with Prime + Netflix + Apple TV and Blu-ray DVDs, I really wasn't getting any value from VM and paying £60pcm for the privilege. Ok so the 200mbps broadband was great but probably 4x what I needed & the Virgin V6 recorder has been replaced with a very reliable 1GB Manhattan box.

I thought cowboy was a derogatory term for someone or an outfit that is uninformed, uneducated, produces shoddy work & rips off the customer.

Yawn

Where are Virgin going to get all the staff to roll out their network. How about disgruntled BT engineers. Good luck negotiating a better pay deal with VM chaps.

https://www.reddit.com/r/unitedkingdom/comments/waez9g/why_bt_and_openreach_staff_are_striking_what_you/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

Drahi must have been tempted to top up a bit today if he’s allowed. Methinks the fall today was engineered followed by sophistry & sleight of hand to justify it. By the time the dividends fall into peoples accounts I expect the price to be north of 162p.

Always on the alert for news that might affect a SP even though there may be no substance just conjecture. Electricity blackouts this winter will affect charging of EVs. I love the media. Good news doesn't sell like the new Battery plant investment in Northumberland. Just hope all the old batteries can be returned there for re-cycling.

Not a train crash then but cash reserves down £14m in a year. I'll wait for this to go back to sub 100p before jumping back in.

Draghi sees value here even if the market doesn't. If this were a US stock it would be trading at p/e 20 or more.