Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
@ Sharehead
I do see your view here, I did hold a significant position here right up until they announced a data hack, a which point I sold the lot at a small gain. I have always taken the view that markets hate uncertainty more than they love opportunity so until the potential litigation there is more understood/finalised this share will struggle to move higher, but the CFO buy highlights value and something investors should take heed of. I bought back some at better than half price on this DD trade - can see significant upside once magnitude of hack cost is sorted - just my thoughts.
Culley I think that is a fair assessment given what we have been through. At the bottom, a stock often trades at trough multiples in single digit PT's which is where we are roughly speaking. However I believe that the pension scheme is in better shape and in surplus so the triennial review should be better than expected - moving forward this should help fcf and free Capita to do share buybacks therefore my prediction is for the share price to push above 50p next year - there's my prediction.
This latest disposal of the Swordfish vessel is actually better news than it first looks in my view. This is something they have been trying to sell for some time and sold at a good price. Debt looks better trading update in Jan should be much more interesting now - feeling a lot better on this stock now.
A good day to close their short - plenty of short term despair around after the update. Probably the worst day to update markets after Boris's gloomy update. Hey-ho -eventually we shall get to where we want but further delays never go down well on a recovery plan. Still could be one of the best recovery stocks for '22 IMO but no Xmas present this year
I would say that is stretching things a tad. Sentiment is poor and there hasn't been any news on the swordfish sale which would help, but I reckon we may be bottoming out before the turn - This could be a top UK stock for 2022 - Hence why I have bought in of course - Thin market though!
A few months back I stuck my neck out and posted 98p as my target price assuming a 40% discount for. High debt, poor record and general overwhelming issues at the business, and the reason why we were in the 30's was bad sentiment. I still think that exists because of the misfiring recovery plan but as I look through to my estimates for 2023 and start to see a road to 150p and beyond and ask myself do I want to pick up pennies in front of a steamroller, I have my holding and won't be giving up a share until then. Another good announcement today IMHO
Rebecca - I thought the same, also when it comes to technical analysis I prefer channels not horizontals. For me I think we broke out of the downtrend which started last November following the recent run up, retested the B/O at circa 46p and are heading north again - Not an expert on t/a but the who is, just use it for sentiment indicator rather than anything more substantive.
Eddier - For what it's worth my own view is that a PLC is a more likely suitor. PE usually like less levered targets so they can engineer. But I agree with your sentiments, Cpi look undervalued, previously I have posted my SOP is around 98p after a risk haircut for debt levels, without which I have around 150p. However that may be 2 years away at current progress rates. A T/O currently maybe at 70p, I really don't want that, even if it looks nice s/t - just my thoughts.
Eviking
it's a funny quote - I forget the analyst who first used this analogy last year. 12 months on I think the layer that has been peeled off is Birthday paper and I think the party is about to start.
If you value each division on individual industry multiples you get a book value of around £4.6bn, take off net debts which I appreciate have been too high,contingent liabilities leases,,pension deficit and other debts, and I get to £2.5bn, take off 20% for risk of high debts from book value and you get £1.606bn which is around 97pps. - I now see constructive movement on debts which should reduce the risk discount and push my book value closer to £1.50. My views so expect others to disagree but would be interested on how others come to their conclusions.
Know0. - I think that is a fair stab at Fy 21 profit. I had come in at around 150m but there will be so much in the exceptionals that we coulld be well under by then. The core points you continue to make is that this is a nadir and this is likely to make investors serious money from here.
My observations from FY20 report highlighted the reduction in contingent liabilities when the option to buy the rest of Axelos expired (Post Y/E Event) and now sold their stake for significantly more than I had expected. Debt should be way down at the year end and I expect a major ongoing rerating once Broker estimates catch up and stop applying a risk adjustment for PT's due to high debt - an issue which is rapidly disappearing. This stock in my view is so out of favour it reminds me of when I bought Luceco at 40p - everyone except the Board Expected it to be in trouble - I see something similar now, peak negativity! A sure buy signal
Down-to-earth: I agree with your sentiments - I could live with Guarantee loan redress but today feel the pitch has changed and I am getting out - Gl to holders
RedBullRJ - Taking a breather... we need to test the supports before moving on. I believe support is here as we move towards a raise, maybe 6-8 weeks away now, if this made 10p pre, 15p post, that would be fair IMO
If we settle the Fca for £20m and raise £50m at 5p (extra 1Bn shares) then make £40m Ebit 18 months out would suggest £16m interest and around £5m tax so £20m divided by 1.3Bn shares is around 1.5p Eps. On a PE of 10 = 15p. So hold your shares now and pick up an extra 3 at 5p means this could go to 15p pre rights and still double your money post rights.
However if this went to 20p pre right and raised £50m at 10p then Eps would be more like 2.5p meaning post rights you would be looking at Speed closer to 25p.
Looks like a big opportunity ahead IMO