Member Info for sharehead

AM I don’t really care if you and NF buy back or not

But I see you keep dodging my question as why you stated the US were in deep red when in fact it was up

I think the Serco offer maybe has you rattled imo

What’s that got to do with stating a completely untrue fact and pretending it’s true?

I guess this Serco offer coming out of nowhere has got some here running really scared imo

Could be mood changer

AM - were you posting last week that US was in “deep red” and that would impact us - when the reality was S&P 500

and Nasdaq were up and hitting new highs?

IMHO

Crowman

previously you stated that the lows here were, in your opinion, ‘going bust' prices, which you commented is not in prospect. So basically in that instance dirt cheap for a viable business & attractive to others ?

You went on to say that you would welcome a TO at anything north of 45p - but that no one so far has stepped up to the plate - so far being key here I guess

So now an enquiry has apparently been made about Serco, to the tune of £2.5 billion, even though these discussions have not yet gained any traction. Someone has stepped up to the plate there it seems. That maybe changes the mood around outsourcing.

Imo, this could now alert Institutional investors to the possibility of takeover attempts within the outsourcing sector, which many here at least believe is undervalued.

So maybe you could see the offer north of 45p that you would welcome apparently.

Me I want offers of over £1 😊

Atb

NF - I agree that there could be institutional interest here on the back of the apparent £2.5 billion enquiry for Serco

Get in quick at the GF imo

Clearly the collaboration between Capita and Microsoft is mutually beneficial. From my understanding Capita gains access to Microsoft's cutting-edge technology and expertise, while Microsoft benefits from Capita's deep understanding of the public and private sectors and gets real life feedback of its AI tools.

The collaboration between Capita and Microsoft i believe will continue to grow in the future given that both companies are committed to using technology to improve services for the people that rely on them and will use this experience to update and improve their products and services.

Imo CPI will close the gap with Serco in terms of share price and valuation- they were both at around £1.20

just before the pandemic

Summary

• Acceleration in financial performance

• Good growth momentum; minimal impact from cyber incident

• Consistently strong delivery of operational KPIs

• Improved employee engagement; reduced employee attrition

• Funding position transformed with RCF extension, USPP and disposal programme close to completion

• Foundations for sustainable long term growth further strengthened

H1 2023 Financial results

• Adjusted revenue¹ increased by 6% to £1,402.4m (H1 2022: £1,326.0m) with growth in underlying trading and

one-off benefits in Experience from Virgin Media O2 contract transition and a commercial settlement

• Adjusted profit before tax¹ increased by £8.4m to £33.1m (H1 2022: £24.7m)

• Reported loss before tax of £67.9m (H1 2022 profit: £0.1m) due to business exits, non-core Portfolio goodwill

impairment and costs associated with the Group's cyber incident

• Free cash outflow excluding business exits² * of £53.4m (H1 2022 outflow: £16.5m) reflecting increased working

capital, the cyber incident and increased digital investment

• Post-IFRS 16 net debt reduced by £165.8m to £544.6m (30 June 2022: £710.4m) driven by Portfolio disposal

programme and continued rationalisation of leased property estate

Outsourcing fielding takeover bids it seems

Microsoft, Capita & Vod collaboration imo

70p target with no take over here

Need much higher bid

£1 for Capita - at least

Imo

I guess the interest in Serco and growing revenues and contracts here highlights why sitting on the sidelines may mean missing out imo

We overachieved on disposals - bringing in a lot more cash than was targeted

I have no interest in a takeover happening here - to big an opportunity to multi bag and bank future dividends

To replicate what we (Capita and Serco) have is incredibly difficult - especially given we manage multiple multi year contracts and even customers that left have returned as they don’t get the same service

Now with our Microsoft collaboration we can pull further ahead I believe

Yes and the £2.5 billion offer was shut down quickly

I can’t see any offers below a pound given any consideration here imo

It (Capita) could have to reckon with the possibility of a takeover approach, Speakman suggested.

“It’s an interesting opportunity for another business to come and buy it out,” he said.

He said that potential buyers will likely wait until its full-year results are out before considering such a move, but if it (Capita) looks like a good deal and “ticks the boxes, I think that it could be in play”.

If margins can remain on a projectory to double there could be a big rerate in play with takeover offers a possibility

70p target I believe

Imo

The fact Serco closed down the offer so quickly speaks volumes imo

I think AM could be correct that Serco rejected the £2.5 billion bid and ended talks before they even got started

Too much potential to just accept an opening opportunistic offer like that

Imo