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Capita saying nothing was fine while there was nothing to say. The mainstream press are now speculating though - and making it clear there has been a ransom hack, with information disclosed.

It’s time for Capita to make a statement. We long suffering shareholders deserve an explanation, while we watch our Capita holdings diminishing, yet again.

Who said anything about 'a series'? It has been over 3 weeks since the hack was first announced. Given that there have now been several reports about data breaches from the hack, some reassurance is required.

Let's take it as read that the Times has got it in for Capita. Let's assume that any ICO fine will be in line with historical norms, rather than the maximum permissible.

The biggest problem here is that Capita has not issued any further update since 3 Apr. They don't need to give a detailed account of the hacking, merely an update as to how near they are to returning to normal operations. In the absence of any update from Capita, investors will (quite naturally) assume the worst.

If the company don't get a very reassuring statement out before the market opens on Monday, we can probably look forward to a dive back into the 20s for the foreseeable future.

Capita faces deepening hack crisis
https://archive.ph/Peiwk

The cry for a 'class action lawsuit' is a natural and common reaction from holders facing a wipe out . We've heard it before: Debenhams, Flybe, Sirius Minerals et al. It rarely actually happens though - and on the rare occasions that it does, it very rarely succeeds. Most long term investors will have suffered a big (or total) loss on a holding at some time or other. It's better (for your sanity and your wallet) just to put it down to bad luck and move on.

It will have to be a damn good offer in order to persuade me (and others) to part with the near 10% yield. The rumours have talked of a £5Bn offer. Given that the current market cap is £4.67Bn, where's the carrot?

Airline profits are set to take off, says Deutsche Bank, upgrading three carriers to buy

Article:
https://archive.ph/TG3zL

I’ve added around the current price. I’m not expecting any fireworks, but it’s hard to imagine there won’t be a gradual improvement, as air travel volumes return to historic norms. The debt pile will take several years to pay down, but the market is forward looking. I think we’ll be in the 160-180p range by the end of this year and above £2, some time in 2024. Given that investors should be taking a 5-10-year view, IAG is probably a good long term investment.

Joo1
Don't forget to factor in dilution from the RI in 2020, so it's probably nearer 50% down. Also, there was a decent yield pre-Covid and now there's none. It will probably take 5-6 years before we see a similar divi again. £2 is probably achievable in the medium term, but I doubt we'll see £4 until the latter part of the decade.

I doubt there will be any great surprises in the budget. Post the Kwasikaze mini budget, the rule is ‘steady ahead’.

The SVB issues were created by a bank with extremely poor risk management and a fairly unique setup. The contagion is therefore quite limited. The market (and bank depositors) appear to have recognised this - and have also acknowledged the U.S. government's guarantees in the wake of the collapse. Of course, there will be further jitters in the banking sector, but we may already have seen the worst.

Priced-in or not, there’s a lot to be positive about at the moment (once people have untangled their knickers over the SVB blip - by end of this week probably).

https://www.proactiveinvestors.co.uk/companies/news/1008819/rolls-royce-powered-boeings-in-running-for-new-saudi-arabian-airline-1008819.html

Nice buy rating from The Times today:

https://archive.ph/6kft3

As ever, LGEN is hard to beat for yield, which is why most people buy.

If you're waiting for appreciable growth, however, you'll probably be dead before it happens. The average sp has barely moved in the past 8 years.

It shouldn’t. There will just be fewer shares at the same market cap.

I might take a punt here (a buy limit at 180p perhaps), but it doesn't look like there's much cheer on the horizon for Win. I think the divi will take a big hit. If they can hold onto their existing UK gov contracts and gain some others, things might start to look up in a year. Big ifs though.

Great results, which are reflected in the rapid uplift today (which doesn’t always happen on good news these days). I’ve been banging on about the need for a move to the main market for a long time. Great to see it’s finally going to happen. I appreciate it won’t be good news for those with IHT obligations, but the impending re-rate should give them the opportunity to get out with a good profit and invest back into them AIM market.

For 14%? I wouldn't, unless I needed the cash. I was down circa 85% on CPI for almost 3 years (now just 6%). I'm happy to stay and enjoy the ride up (including the inevitable dips).

Very healthy volume today: 18.4M (the 3 month average is 4.14). Looks like IIs and PIs are piling back in.

I just hope John Lewis sticks around for the £1 party in a couple of years' time. He must be knackered after 6 years of turning this ship around (though I'm sure he's sleeping a little easier these days).