Member Info for Savage_KeyboardR

Further away from £1 a share today than it's been for a fair while...

I took both the upper & lower average salary rates for a UK Bank Manager and split the difference - just for you JO ;-)

"Any growth is probably going to be minute"

Except the net effect has been shrinkage and there has not been any real terms growth.

E.g. if my income increases from £3000 to £3300 PCM but over the same time period my bills had increased from £2000 to £2500 then the net effect is I'd be 20% poorer - and yet the company headline may have said 'record 10% wage increase for our employees'... (obviously nonsense in real terms).

Hence todays news is not nearly so good as many are perceiving it to be.

17p looks overly generous to me...

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One of the best measures of living standards is GDP per capita - which actually shrank...

So just because the headline GDP number is positive on paper, it can still mean many businesses & households will find themselves a little less wealthy.

In last TU CPI were also clear that some cash expenses for ongoing cost cutting exercises would not end up being booked until HY 2025. So when FY 2024 results land in early March it won't tell the full story.

New lows on the way IMO:

UK GDP figs out Thurs which may cause a shock. The Orange manbaby brings gloomy/overcast macroeconomic conditions ⛈️

Everyone knows CPI's results are expected to be poor as CPI said themselves to expect a high single percentage digit revenue fall ⬇️

As I'm currently not invested here I'm content to watch on whilst this stock plummets downwards, to what I think will end up being a little below the RI offer price... Once it's down there I'll then scoff up some cheap PNN stock for a LTH 😊

Just as with CPI's cost cutting ventures...

The more CPI shares you buy, the more you save (on your capital gains tax bill)

🤣🤣🤣🤣

CPI is currently spending lots of dosh in order to make such savings....

i.e. the bigger the figure they're targeting for savings, the more they're spending (in the short to medium term) to do so.

63.4p plz

"I think there's a danger in politics of being too risk-averse."

Liz Truss

👆Many Truss fans & defenders on this discussion board here...

Thankfully, we've the grown ups back in charge in No.10 - so 4 1/2yrs of sensible decisions and a steady rebuilding after 14yrs of Tory economic mismanagement.

Still... CPI appears risk averse, so much so it's happily turning down business via it's pursuit of unduly high margins and therefore leaving it to the superior & more efficient competitors to clinch the sales instead!

Could upcoming March results demonstrate CPI's aversion to risk has been a shot into the foot? 🤷

It's been known for ages Capita we're likely to lose that contract, it was already priced in IMO...

The damning defence committee held in Dec was about as clear a sign CPI would lose this as is ever possible to view, ahead of the decision being made that is... Source titled 'MOD plans Capita replacement amid recruitment failures' here:

https://ukdefencejournal.org.uk/mod-plans-capita-replacement-amid-recruitment-failures/

BoE should have been holding today... clear they couldn't do so... its a deeply damaging verdict on state of UK PLC.

These inflation rates & forward forecasts don't support cuts being made- Simultaneously it's clear BoE think if they don't cut there would be significant job losses, defaults and business closures.

Bailey essentially saying he can't control inflation at the target rate without inflicting monumental damage to businesses + households... so is accepting elevated inflation i.e. to appease/support those with massive debts.

In essence the Tories broke the economy, BoE hasn't been able to limit the damage... only Government policy can fix these productivity & growth problems.

What today's announcement & press conference reveals is just how damaged UK is. I expect sterling to continue falling. With businesses & homes yet to see much more pain yet before things can eventually get better.

Yep, so it was unanimous for cutting then... albeit 2 voted for greater cut ✂️

Savage verdict on UK economy which looks totally broken after 14 long Tory years of economic mismanagement...

Labour struggling to hold everything together, BoE clearly accepting elevated inflation is inevitable cost to save jobs...

Means UK shifts downwards from a 1st world economy to a 2nd one.

Sky news made an error, corrected themselves to say 7-2... still terrible situation for businesses and the cut will save jobs but ramp up inflation, £ sterling bound to be hit hard by that!

Unanimous vote to cut... no doubt means the business situation must be dreadful...

3.7% inflation rate forecasted mid-late 2025, that's terrible for households and businesses trying to make sales to consumers who will no doubt respond by cutting significantly.

Larry6 - inflation of the local currency is irrelevant for the recent results update because when VOD reports it's results everything is converted into €euros...

Yes, inflation in a given currency typicallly weakens the value and/or purchasing power of that currency but... it's the case even with high Turkish inflation considered there's still been a ~90% growth for VOD in the Turkish revenues being booked.

I.e. Inflatio has been accounted for and the growth was still steller 👍😎

Turkey growth figure in latest results was ~90%... more than made up for the shortfall in Germany.