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Hi Terry - thanks for your response

I don’t disagree with some of your points however they do not justify a sp of sub 30p let alone sub 20p imo

I therefore disagree with the fact the sp will hang around sub 20p

I think it will all of a sudden return above 20p and then push up towards 30p as before - that’s my opinion

But let’s see

Atb

Agree 37p to 50p is reasonable

This moved from mid 20ps to over 40p very quickly previously - so I believe this will bounce back from these depressed levels all of a sudden too

Usually when we all least expect!

And yes Serco currently in better shape- which is why their sp is £1.50 - I didn’t say we should have a sp of £1.50 yet - we have a lot more work to get to those levels

I agree 60p is some time off still- I never said it wasn’t

But sub 20p imo is not reflective either

I disagree - just beaten down by a seller and MMs hoovering up cheaply before they pull it back up and resell for a good profit imo

Imo I think this is such a rare opportunity to either average down or start a new position

Both this and Serco were circa £1.50 before Covid hit

We have £3 billion plus revenues and I think Serco have £4 billion plus revenues

They are trading around £1.50 still

We are now almost debt free, looking at restarting dividends and sub 20p with a p/e of 2.75

Which most likely to multi bag ?

Imo I’m seeing 60p plus based on current fundamentals but dyor

MMs no doubt happy to BUY off the seller for sub 20p

But may yank this back up so they don’t have to sell too many of these at bargain basement when they know they can sell for way more imo

It think anything below mid 20’s is bargain basement

I see over 60p as fair value

Gla

I think that’s a fair comment Nic62

I think there has been a seller in the background and that has depressed the sp to what I consider is absolute bargain basement territory.

In terms of what I believe the sp should be, I would go with at least over 60p

We have revenues over 3 billion, long term contracts, we can benefit from new technologies such as AI, debt massively reduced and reinstatement of dividends on the radar. All this and a p/e of 2.75.

I don’t think it’s about to jump over 60p but I certainly don’t see it hanging around sub 20p either.

That’s just my opinion of course so you can reach your own conclusions

Well we’ve seen it suddenly move up before & these levels clearly don’t even recognise current revenues let alone anything else

Great opportunity- doubt it will be available for long !

Hi Trenners

I agree to hit new 12 month highs we need some positive updates, but imo this could easily go back to mid 20ps on the basis that sp is a bit beaten down off the back of a seller

Seen it before that once selling done MMs yank up the sp to more normal levels

We’ll see

Atb

Currently AI has added rocket fuel to semi conductor stocks to build AI - the next phase is which stocks will reap big cost savings from these AIs - clearly Capita is well positioned to be a big beneficiary - huge upside here imo from these beaten down levels

When this pops could go back above 20p very quickly imo

Should never have fallen below 20p I believe

I guess if 6% is your goal then fair play

I suppose if it then rises 10 to 20% further you still had your 6%

That 34p - well under last peak of circa 44 / 45 p is a 100% rise from here is imo an incredible opportunity

To good to miss imho

I agree we will be judged on progress - but currently the sp is not reflective of our revenue, debt reduction, long term projects etc etc

I believe 40p plus reflected this position so can double and still be undervalued imo

But hey - great opportunity now

Bad luck as in the sp was rising from 22p to 44p while you were either out or short…..

The sp is a gift at this price imo

Huge potential to multi bag from here imho

Imo this is massively undervalued, debt reduced, dividend reinstatement back on the radar, very low p/e compared with peers.

Previously doubled from circa 22p to 44p

I’m still fully expecting this to break 44p again- hopefully this time it will keep motoring!

Doubled my holdings yesterday- massively undersold now - will rejoin the conversation tomorrow