Member Info for raharh

silverfox - sorry - that has made me laugh !

I have about £1000 in cash and working through it for the same reason because the Kids all got cash from grandparents and aunties etc... and I am now stuck with it, feeding the machine in sainsburys until its gone!

Was 0.70 at uk close so surely we will see a +10% bounce if it holds above 0.78 in the morning and if a positive RNS on December results then who knows ......

Phoebus - could you help me with a genuine question.

Why would US be 53.7p and UK be 47p? What is the rationale for them not being aligned (barring exchange rates). Hopefully not seen as a dumb question but this is not something I have encountered before having only bought in to one dual listed share in the past which pretty much tracked each other.

Thanks Kiwi - I wasn't sure whether the stellar investment would have an indirect impact as being in the stable of investments hence the question - but I take 'naf' as no impact :-)

I have a small holding here as a long term investment as it looks promising but just read this:
https://www.fca.org.uk/news/press-releases/fca-bans-sale-crypto-derivatives-retail-consumers
Would be interested on views?

As an aside, I wonder if part of the control is that no-one currently knows how to value EUA with the FSP impending. Obviously 40p seemed to be a 'level' we have settled out (give or take) and institutions buying in around there supporting the SP with sticky hands.

Trying not to be cynical but is the walkdown going to continue to a level that when the DFS they can re-settle the price back in the 40-42 range and then await the FSP outcome?

Agreed - 6 - 9x EBIT So that puts it on par with Eclipse - which an RNS was issued for.

Very odd not to RNS - unless they had to take a lot less / profit had fallen away.

All very strange. Even on Capital’s own newsfeed:

https://www.capita.com/news/capita-sells-employee-benefits-business-to-benefex

I can only assume the value is low and therefore not price sensitive but I would like an RNS as it continues to show successful execution of non-core disposal especially with ESS hopefully imminent.

Anyway, enough of that Eat - where are we going for the rest of the week - bounce of 52p for another retrace, break it or retrace from here ? And where the next PDL?

You are on a run!

I know we all love it when the share climbs but I am, as many are, for the final sale. In at 19p and waiting (envy the sub 1p crew!!).

So everyone should sell when they want but is there a danger if the pressure on the SP drives it further north and as a result the goal posts move for the buyer in the sense that the differential between sale price and SP become too close for the BoD to recommend any more. Not long ago a lot of people were happy with 60 - 70p. If this hits 50p (for example) then would people risk investments for another 20 / 30%? Shares would churn and we would retrace and people would then be unhappy at being in the red?

Just wondering whether a climbing SP at the moment is the best thing for a deal - we are at an all time high, no one is in at a loss, if the sale was double the current SP everyone would be happy so why not prefer a stable flat SP at the moment?

Just musing whilst awaiting the illusive RNS as there are only so many rums you can drink ....

Great to see shorts bailing - can only be positive - they see the direction of travel.

Looking at the FCA website there is only Sandbar @ 0.74% - does anyone know if the FCA declare shorts below 0.5% also as I know the websites like shorttracker dont.

Eat - genuinely no apology needed on PDL - it was a bit of fun, all my own risk, just thinking you. When you hold for a long time it is good to have the odd little exciting trade. As I cannot see a more secure and steadier investment than CPI at the moment it was a welcome diversion and I now have more CPI shares!

Eat. You need to set up a blog. Almost wish I had sold out and rebought today.

Market seems settled now as no surprise from rishi and US is closed tomorrow. So what’s your prediction for rest of week? Do you think we may edge back to 50p which I think we would have all accepted on Monday at 8am (just so all the ‘it’s down today’ doomsayers don’t start - we are up on the week)

Kept quiet but did do some reading and bought £2k of PDL at 15:00 yesterday and sold on the bell at 10% profit as a bit of fun - thanks for the tip but not brave enough to hold that one long term or punt more.

Mr C. Couldn’t agree more. I started in March to learn the ropes and by 10th November I had lost 15% on my account in aim and aim Covid shares. I have known Capita for years as I compete with them and work with an awful lot of ex employees, some senior. And at 31p this was a bargain. At 24p it was day light robbery.

I got all in at 31p and now 20% up on my Account. Risky being one share I know by this was never a 30p share so comfortable with that decision, especially now.

Funny old game !

To make big returns you may need to hold this one I think. I did not envisage 50p this week and thought it may get there by December if unlock continues and vaccine rollout starts (excluding ESS from my view there).

We may start to see a retrace to low 40s as there are a lot with a big profit but if it is PIs it shouldn’t do too bad as there is a lot of II holdings.

Good luck but I wouldn’t expect a trading share at this price , I think those days have gone.

Eat - interesting on the 50p ceiling. I know that was the previous ceiling since covid but things were very different then with a lack of a way forward with the economy on brexit and covid. Covid now clearer and brexit inevitable soon as well as +ve trading update so I think we should see 50p passed and hopefully this week. Just need to keep an eye out for a retrace, good to trade in to but I am going to hold now.

Well I think the majority expected a re-rate to follow but this is now at a serious pace. Another TR1 due?

ESS sales RNS would just be a thing of beauty during this re-rate.

I may be on my own but I wouldn't mind the market closing right now so we could take a breath.

paulmack - no I wasnt I was observing it for process - thought about it at a punt at one point but knew nothing about the company and didnt want the gamble (I reserved that for covid stocks :-) - and lost - we all learn)

I do now know hell of a lot more about PGMs than I did six months ago thanks to this board, and probably more than I ever wanted to!

Oh - and this board is littered with alcoholics on Rum who eat lobsters and have a relationship with someone called Septic Lil!

James. It was me. I was involved in an FSP in private equity for a company selling at just over £1bn. (Still with the company)

I am still holding and waiting. Not posted for a long time as there isn’t much to post as we are waiting. I don’t pretend to be a mining expert / geologist.

I am surprised that it is now going on this long but mining companies are not my area. The last RNS engaging DLA piper tells me they should be forming the heads of terms for the SPA and so it is still progressing.

Sometimes things take longer but I don’t see that this isn’t going to happen otherwise DLA would not have been brought in. VGAS was due to end FSP end of September and it ended last week. Much to the result being bad for most of the invested PIs effectively selling at the current SP.

As an example, I am currently on the other side acquiring a small business into the group for less than £30m which should have completed on 30/09 after 10 weeks. It is now planned for December just because we weren’t happy with the DD and so it has dragged on.

I am not saying that this is the case here, but it is easy to add weeks to a sale if either documents are not lined up or there are multiple bidders.

I hope it is the latter but there has to be a point where EUA sat ‘BAFO please we are drawing this to an end’. That is unless they have had that and are lining up the SPA before the RNS can be released.

Still holding. GLA.
How do you sign off? Rums all round!

Problem seems to be that some lths (if they are holders) cannot let go of performance over the past few years of any share. You sell when you want and a lot of the shares on ftse 350 offered value from October onwards as a buy and a problem as a long term hold. So we keep having cross conversations from what I see and people need a reset.

Capita has a real benefit of the pandemic. In a time when the recovery of the company was not going well the pandemic came and not only forced quicker restructuring around such things as property costs and the market were more forgiving in general.

The debate should be is the SP value where it is now and I am not sure anyone can make a case that it is not. Not only is the debt recovery aligning and ESS will hopefully help. It’s restructure savings have accelerated due to pandemic and the pandemic and brexit are presenting opportunity.

And on the product offering of core software the One Capita solution is gaining traction, I know, I compete against them.

Sometimes the bravest thing to do is sell at a loss and come back in, hanging on forever can be a costly game (I know as I have learnt the game that is share dealing!).

All I see over the next three to six months is upside. After that I don’t know at the moment, takeover or continued recovery.

Eat, nofear, Dave et al keep up the good work. The share is not a dog, it is a huge opportunity from here IMO

samb69 - I am not sure I agree - if it was planned they would have had a permanent replacement brought in and a transition period. The fact that they have brought in an interim tells me it is unplanned - the CFO would have been on minimum six months notice / if not twelve so either this notice started september and they have found someone to be interim or they are shortening any notice period by mutual consent.

This is a major role and the company is navigating difficult (covid) financial times as well as the overall Capita challenges and restructuring. I would think pushed / wanted to leave against the planning for the business for whatever reason. If the CFO does not surface elsewhere very quickly I would favour pushed.

In my work world, 'leaving to pursue opportunities elsewhere' always = pushed.

I think this is a better RNS than the trading statement for several reasons:

1. Increase in holdings by 2% of an II - sticky hands as they are not looking for 10% like day traders.
2. Who is to say they have finished, Schroeders have been on a mission.
3. Bought 2% in to the raise (depending on when they accumulated)
4. A larger proportion of shares in IIs which are either newly bought or bought above current SP so hopefully should be sticky for some time.
5. There is a general sentiment post pandemic recovery underway on the back of vaccine news and hope that March 2021 onwards we get some 'normality' returning - this is helping all (non-Covid) stocks - esp. FTSE 350
6. There is a genuine Capita recovery seemingly underway - possible the pandemic has forced the hand on some cost cutting (such as less permanent offices) which may not have happened and therefore should help accelerate.

The last two provide a double bump in to the SP as a dual recovery stock.

Add in to that ESS asset sale to pay down debt the company seems to be on an even keel - I dont personally want to talk about dividends for a long time - the balance sheet needs strengthening and the rising SP will be better than any dividend.

Just a matter of holding now, I bought at 30p - so not a long term investor and have only been trading for 8 months and learning the ropes and have made mistakes - but this is one i will hold now at a minimum until the ESS disposal and then take stock as to where we are.