Member Info for qweqweqwe

I just got out of this sh*t hole with 65% loss but feel very good about it. I can�t be arsed to wait for the recovery now that they scrapped the dividend. There are better places wheee I can put my money to good use.

Nah, I don�t think he BoD are that stupid not to heed Carillions lessons. I think this is the bottom

I thin the only way this share will go up is when the next correction comes as this shares is a safe defensive play from this level and the correction is currently built in the share price. I think a spring clean is needed with the BoD, starting with the CEO who managed to erode shareholder value since joining the company. I don't see any noticeable vision from him.

Tomorrow is ex divi day, so those who buy the shares today will qualify for the 3.8p dividend.

I think the dividend cut is already factored in the share price and shareholders will gladly welcome this as a compensation to strengthen the balance sheet. Above all, the major advantage of Capita is that they had a free lesson from Carillion on how not to run a company to the ground.

Here�s the link:- https://shorttracker.co.uk/company/GB00B23K0M20/ CPI pays good dividend and the share price is at its historic low, but DYOR

The illiterate journalists at �This is Money� wrongfully describes the short positions as 8.3% when it was down to 3.9%. I wonder what type of basic test one need to take to join this toilet paper?

Good to see that one Hedge Fund is completely sold their short position. So another thumbs up for the share to drive up north. I would also presume Capita to take some profitable contracts from the liquidated Carillion.

Agree, retailers, house builders and tech companies are currently overvalued and I can see shorters targeting them. Capita is not Carillion and I�m sure they have learnt from Carillion how not to sink a company.

The man who can, this is capitalism and good companies thrive and bad ones go bankrupt, simples. Government meddling in private ventures will change the game and goal Post and they setup a precedent to bail out all private companies that are too stupid for manage their finances.

Yes, it may cost more to the government to let the company fold, but its not about the money for them, it�s about setting a precedent that badly managed companies won�t be bailed out by the government, and thus allowing the capitalism model to work its course. However, banks are a differently kettle of fish as they have the government by the balls and must bail them out to avoid a serious financial meltdown.

Companies like Capita (LSE:CPI) would be picking up Carillion�s contracts but they will make sure to negotiate in a way that they will make a decent profit margin, unlike Carillion. I know people talk about Auditors and FCA failing on their duties on timelines of Carillions notices to the market. However, authorities should give serious thought on the roles of non-exec directors, as they seem to be as useful as a chocolate tea pot. I�ve never seen an instance where non-execs made any meaningful difference to a company�s board. They are supposed to be there for checks and balances of their exec�s decisions. The NED�s were also useless on the board of some of the banks we have bailed out.

Cash is King, and it always has been that way but some companies seemed to forget that. I wonder what Carillions Treasury Department were doing while this was going on? For the shorters, this was their perfect trade and I�m still convinced there were some insider trading going on for them to have this level of confidence above the professional Institutional Investors. I sold my holdings back in 2017 with a sizeable loss. I was unhappy at the time I sold, but now I�m really glad that I did sell.

Im surprised that the II did not see this coming or at least cut their losses and save their investors cash. These fund managers get paid if they lose or make money for their investors and pension funds.

Is everyone taking up the rights offer?

I think Vic is sorted from both ends of his employment. He should get what he was contractually promised, but it feels a bit sickly when the share price is hitting the floor and and then you get an RNS with someone getting a golden parachute.

I Believe Neil Woodford topped up at this level back in Dec/Jan time and I wonder if he will do the same again. It definitely has been a dog of a share, but the dividend yield is CPI's saving grace.

Agreed Fallingknife, I�ll start to take notice if this goes below 10.70, but most likely it will go much below this as usual all stock sell offs are way overdone and the market always overreacts.

Can see this go down to 4.90 and then bounce back up to 5.15. The dividend yield now stands at 8%, so if the company is in any trouble with their profitability then they could always cut the dividend.

Samar, you probably pulled the trigger too quickly