Member Info for RogueRiver

Haha. AimMaster loves to portray himself as some sort of trading guru. Sometimes he's lucky with his predictions - and sometimes, like today, he isn't. Never stops him trying though.

Some of my blue chips are doing well today - even on a red day for the market in general. Even when they're not doing well, they still pay good dividends and I get to reinvest at a discount. I'll be adding more blue chips before I'll be topping up on CPI.

Relief uptick, but it ought to be doing far better than this on the latest contracts news.

That was then and this is now. Let’s face it, there are no votes to be lost in panning Capita.

Indeed, far from being Capita’s saviour, a Labour win could send the sp down even lower than it is now. Labour policy is to reduce outsourcing, in favour of making in-house services more efficient and rolling out the better in-house models to other councils. It might be pie in the sky and Capita aren’t going away, but it could be yet another excuse for lack of profit.

I'm surprised the market has reacted so positively to this news, given the fickle nature of Russia's mafia government. I'll believe it when the money's in the bank and the divi is paid.

Still can’t manage a >17 close. Not exactly a reassuring sign, but better than nothing I suppose.

I'm still very cautious, as I don't believe there are any grounds for optimism here, in the short-term. We only have to hit another bad week for the market to send this to new lows, imh....oh, never mind.

Nice62

AimMaster seems to have bought-in around the low 16s. It’s time for him to get a taste of his own medicine. Besides which, even as someone holding here, I don’t think there is any reason to believe it will stop falling. As Trisor points out, the macro picture is looking far from rosy and it’s hard to see what’s going to give CPI a leg up in the short term.

Indeed. Down by 20% in a month and by 10% in 5 days. I think we'll see 12-15p before we see 20p.

On top of all the other woes here, the market is probably reacting to the news about local authorities in financial distress. It’s not difficult to imagine some councils defaulting on (or renegotiating) their payments to CPI.

LM

Me too. Wilco failed, largely because most of their stores are high street based. B&M's model works, because they are located mostly in out of town locations, with free and convenient parking, which is particularly important for shoppers buying bulkier items. Hopefully, B&M know what they are doing here and they aren't grabbing defeat from the jaws of victory.

So what? I predicted, two weeks ago, that it would soon be in the 17s. It's hardy genius, given recent trends.

Only a matter of time before Capita bids for (and wins) the Birmingham City Council food waste caddy bin management contract. Then watch the sp soar!

AM

It's only a couple of weeks since you were talking about buying-in, once it fell to 18p. You're as transparent as NOFEAR: You and he are just two sides of the same coin.

BB

It is possible. I sold the bulk of mine at 1.65. Frighteningly, CPI was almost 20% of my portfolio at the time, so it was time to offload. I bought in again, but with far less exposure. So, I am still up overall, in spite of the recent dives. It has certainly been a rollercoaster ride over the last 5 years. I've given up on 'growth' shares and just stick to >5% yielding blue chips these days. I still have a nostalgic soft spot for CPI, given it was the first share I bought.

Speaking of day jobs, there must be something more productive to do than hopelessly trying to ramp this sp.

The IIs are getting back to their desks, but whatever they’re buying, it isn’t this. It will just keep drifting (probably downwards somewhat) until we get a positive TU.

“The idea that Rolex announcing the acquisition of a distrubtion chain does not in itself change anything unless you believe that they will subsequently only sell through this retailer”

They might not sell exclusively via this retailer, but they will probably give it priority. As everyone knows, the supply of Rolex watches is limited, so WOSG will probably lose out, on one of their most profitable brands.

PP

Of course, but it’s not all about wokeism. Labour are talking about bringing more efficiencies to local government, such as providing incentives for greater cooperation between local authorities. If a local council does something particularly well, in-house, one could see the merits of their rolling that out to other areas.

I’m not saying it’s going to happen, but the market is forward looking and is probably imagining what the outsourcing landscape might look like in 5 years’ time, in a worst case scenario for CPI.