We would love to hear your thoughts about our site and services, please take our survey here.
"I disagree- it’s just we are all impatient!!"
Sharehead you are having a laugh aren't you.
I have had children start secondary school and leave while I have waited for this to turn around. No established company should require this much patience.
For me, the issue is one of trust. Nothing that Jon Lewis has promised has happened. On paper it appears to be a turn around but the reality is that the share price has dropped more than 80% since he took over. I preferred it when they had more debt my shares were worth much more! The cyber incident was not really a big deal but they turned it into one . They should have held their hands up and then the news could only got better, instead they declared it as a triumph and the news only got worse.
Its easy to blame the Times for Capita bashing but they had this story handed to them on a plate.
I truly believed we were on the up recently but my hopes have been dashed again. The FTSE rerating was looking a dead cert now it looks ever unlikely.
This is the opposite of the gift that keeps on giving.
I see the same statements appearing now after every share price decline, "only so many months to the next results and then things will be good".
Very depressed. :-(
Thanks Capitaliser for posting that Hawaii 5-0 video. You have literally wasted my whole evening!! I have been on a wild goose chase that has included the Ventures, the Surfaris, a 6 year old drummer, compilations of guitar solos, while my guitar gently weeps with Prince getting carried away and culminating with Beyonce the Tank Engine. If you haven't seen that Beyonce video it's worth watching.
The worst thing is I want trying to be negative.. I was simply asking why based on history do people expect a trading statement to push the price up. To my knowledge it never has yet in the last 8 years or so. Often a statement is released, people immediately say its looking good, then the share price tanks. Sometimes there are dramatic rises with CPI but often out of the blue, not related to a trading statement.
I want them to rise, I just dont have any confidence that a trading statement will cause that rise, certainly not a sustained rise. For me the only thing that will create some movement is an on offer/takeover bid.
The other catalyst might be to actually see the debt fall in line with the non core businesses sold off, to date it feels as though the sell of are helping it stay afloat as opposed to reducing debt substantially.
Lastly a dividend may help to create some interest.
Genuine question. Why do you think a trading statement will make any difference? None of the previous ones have, in fact they often have caused a decrease in share price, even when the company thought that the statement was positive.
https://www.theguardian.com/politics/2022/may/12/boris-johnson-plans-to-axe-90000-civil-service-jobs-to-fund-tax-cuts
Not sure if this has been mentioned, but if 90,000 civil servants to go, someone has to pick up the slack. Could be boom time for Capita. The workload for the civil service is not shrinking.
So having said that I had had enough of averaging down and wouldn't be buying any more, I did buy another 25k shares. As usual that was the signal for the price to drop. So I do apologise to all who have been affected by my decision.
JG68. I wish I was at 35p. 63p for me in once dealing account the other is mid 30's but at least I know from bitter experience that every RNS the share drops. So never expect it to rise. I genuinely don't know what will, if anything, will push this up.
If you look at the trend over, 1 week, 1 month, 1 year, 3 years or more it is the same story, heading down. I have said it before but averaging this down is a dangerous game as what you think is the bottom never is.
I imagine the only thing that will drive this up is a dividend and then people will jump on the bandwagon.
As a long term holder a 20% rise would only scratch the surface, it would take us to 30p and would still be a sorry state of affairs. If it doubles I would still have a loss but would probably sell and call it a day.
Statements such as
"bought more today we are at the bottom now fill your boots" are no more than wishful thinking. I genuinely don't know where the bottom is and am no longer going to try and guess as it is throwing good money after bad.
ludicrously low but could go higher or lower who knows. The only thing I do know is that if the FTSE drops 0.5% this goes down 3% and if the FTSE rises this at best stays flat. Yes it has the odd day where it rises suddenly but it will rapidly lose those gains and the trend is definitely only one way.