George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
I think £20 within the next year is looking very achievable.
Down 36% in 9 months. So glad I bailed back then. GL if you're still holding.
A Labour win at the next GE is looking more likely - and that party have made it clear they are in favour of rowing back on outsourcing (which represents a large chunk of Capita's income these days). Insolvency seems very unlikely, but it's no longer a risk that can be entirely discounted.
@giantsquid
I was with you, right up to the point where you suggested Lyin’ Donald is the answer to the world’s current problems.
Barc is an utterly demoralising holding. Glad I closed my position earlier this year.
Lordy2020
Wise words. Averaging down is definitely a mug’s game. My strategy has been to put a fixed sum into each holding and then leave it to sink or swim (I do reinvest my divis).
I tried averaging down a couple of times, albeit on a modest scale and the sp just sank lower and never recovered. I’m not saying that will happen with cpi, but why take the risk?
Chopping the divi was a mistake - and a kick in the teeth for long suffering PIs. If, like me, you reinvest your dividends, the one consolation you have when the market cap tanks, is that you will pick up cheaper divis when reinvesting. Yes, I understand the reasoning behind the decision, but the only bit of sugar left on this bitter pill has now been removed.
The BOD should take a short bus ride off a long cliff.
I'm almost 80% down in 2 years on this utter dog share. The only consolation recently was the divi - and now that's gone. Just as well I had pretty much written off this holding. You win some, you lose some.
I'll keep holding, out of sheer curiosity, as to where it will be in 5 years. Probably taken over or bust.
@NOFEAR
Look in the mirror. AimMaster is you, once you’ve sold.
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.