Member Info for SimonPassmore

Fair Jg time will tell. Just they have fsiled so many times now but its a wait and see job as u say

This bit is the most daming

The shares remain deeply submerged and it is hard to see any immediate catalyst for improvement.

The turnaround is failing im afraid

JG it is priced fir going under i have said multiple times in the paat that capita have proved nithing. Not saying they will go bust i need to do more research but it is certainly a possibility why would the price be so low otherwise?
Aim the company have obviously shrunk everyone would agrew that but as u point out have they sold to many business have they sold the right ones or thenwrong ones? Or maybe somewhere in between. Have old contracts been sorted etc no proof about anything yet insaid this 6 months ago ajd and said to people on here what there excuses would he come dec 2021. What will the excuses be next results inwonder
As insaid more research for me and then could well short these again. No gurantee they wont go bankrupt

What a surprise.
I have shorted this befire aim but i wouldnt perosmally do it now shocking company for sure but I need to reswarch more before there next results but as that article says hard to see any improvenent for the share price. Yet morons like knownothing and that muppet eats who cant even read charts are liked because thet think the price will rise and the sheep follow i.said what would happen more than 6 months ago and have been proved right. Capita are a distressed company (been proved right) they are selling everything they can and making a loss on some of the businesses they are flogging and are desperate. Plenty of articles thar siad this 6 months ago but of course there wrong because a couple of morons on here said otherwise. It went a bit quiet as the market still awaited capitas turnaround bearing some sort of fruit and then they release a shocker of an uodate last month. Actually got to a piint where its become farcival. I'll be researching again as I said to see if this is back on its journey to 0.

SELL: Capita (CPI)
Capita continues to sell its non-core assets, and the completed sale of the Secure Solutions and Services unit has caught the regulator’s eye, writes Julian Hofmann.

As part of its bid to sell £700m of non-core assets, outsourcing company Capita had agreed the sale of its Capita SSS software business to rival NEC back in October in a deal worth £62m.

The aftermath of the transaction has been slightly complicated by the intervention of the Competition and Markets Authority (CMA) which issued a stop order to prevent the merger of Capita SSS with NEC. The CMA said it needed time to assess whether there is a competition issue, though the regulator did clarify that its order does not inhibit the completion of the transaction.

The CMA wrote to both companies on December 21 to pause the combination of NEC and SSS operations. Capita announced the completion of the sale on January 3 and has received payment.

While at this point there is no suggestion that the CMA could ultimately veto the deal, the stop order effectively prevents any exchange of information or personnel between Capita SSS and NEC. So, to all intents and purposes, the NEC and Capita SSS merger is stuck until the CMA makes its decision.

Capita’s urgent need for cash lies behind the disposal of what it deems to be non-core assets. Prior to this, the company said it had raised £643m towards the £700m sales target for 2021. That total also included the announcement on Christmas Eve that Capita had sold AMT Sybex to Jonas Software for £40m, (£23m upfront, with the rest of the payments staggered).

The timing of the announcement so late in the year may be related to the fact that Capita will book a loss on AMT Sybex of approximately £42m, having acquired the Irish software developer in 2014 for £82m. The impression of a fire sale is further reinforced by the fact that Sybex held assets at the time of its disposal of £77m.

To be fair to Capita, the company is not far away from completing its target for disposals. The shares remain deeply submerged and it is hard to see any immediate catalyst for improvement.

Not surprised aim the comaony are a joke. Ive said it time and time and time and time and time again just cos people like knownothing show a breakdown of future profit people on here belive it and then look what happens. Knownothing was continually saying what prices this would be at and if I was to check his posts now were in 2022 he would have posted near a quid by now. Glad you are being normal and backing stuff up. Link doesn't work though i will try and fund the full article.

Good chance it is game over sms i said a while ago that they havent proved anything. New contracts no proof they will be profitable .debt will be lower but as you amd aim have said you cant keep selling parts of the business thar were making money. Ive warned oeople for a long time but you get the likes of knownothing saying 50p by summer 21 70p by xmas 1.20 by early 2022.

Interesting this really is a dog of a share

Hi knownothing I said last time I'm nothing to do with any firm just giving my 2p. My concerns also played out to be true and here we are again at sub 40p. You were the one saying over a quid by marcg and have continually bigged up this share when it continues to disappoint.
AIM could easily make miney from here I personally wont be shorting it now Im doing more research but having a dig at him is rich when you have been continually way off. When this is still in the 30s to 40s come the full year results honestly what will your excuses be then? Youve been way off time and time and time ahain.

Not going to short it yet eatsstocks I will however ne looking closely come Janto Feb to see what the reuslts are going to look like cime March. Reallt really poor from capital I dont no how anyone can defend them now. Where are all the Guys with the money? Why haven't they bought in at thses low levels? Hopefully you guys make your miney back i will be looking closely at this one again. By the way what excuses wjll everyone make next year?

Good luck to you eatsstocks. I made good money hear last time.
What did i say about the company not doing what they said they would? Revenue was mothing like wot it was aiad it was going to be what is going to heppen at the full year results?
Nonothing kept saying about ebitda this ebitda thatbut i said the company havent proved anythinf and i was right. No proof new contracts will be profitable no proof legaxy contatcts jave been sorted wtc. They've failed re revenue they will keep on failing unfortunately.

Maybe not 20p but could easily fal back inti the 20's