Member Info for slarti_bartfast

Lots of PIs buying today and bigger interests at these low prices
2022-04-19T16:35:28.000 GBX 20.84 852,109 177,580 UT XLON
2022-04-20T15:35:04.543 GBX 20.38 649,869 132,443 UT XLON
2022-04-20T15:18:15.233 GBX 20.48 209,542 42,914 Off-Book XLON
2022-04-20T10:21:16.463 GBX 20.79 175,619 36,511 Off-Book XLON
2022-04-19T17:14:03.000 GBP 0.2084 168,518 35,119 Off-Book XOFF
2022-04-20T10:05:24.117 GBX 20.734 144,691 30,000 Off-Book XLON
2022-04-20T12:14:21.987 GBX 20.664 109,039 22,532 Off-Book XLON
2022-04-20T15:27:48.267 GBX 20.398 100,000 20,398 Off-Book XLON
2022-04-20T11:12:43.277 GBX 20.804 100,000 20,804 Off-Book XLON
2022-04-20T08:54:47.163 GBX 20.585 100,000 20,585 Off-Book XLON
2022-04-20T07:29:35.633 GBX 20.809 100,000 20,809 Off-Book XLON
2022-04-20T07:29:00.433 GBX 20.809 100,000 20,809 Off-Book XLON
2022-04-20T07:28:24.463 GBX 20.837 100,000 20,837 Off-Book XLON
2022-04-20T07:27:46.333 GBX 20.837 100,000 20,837 Off-Book XLON
2022-04-20T07:20:29.220 GBX 20.833 100,000 20,833 Off-Book XLON

https://www.sharecast.com/news/Company-Announcement-General/5-year-contract-renewal-with-Capita-worth-163-2-1m--dl32614852.html

Two UT reported in the data today.
15.35 @ 20.84 presumably late clearing last Thursday? Interesting it set the SP close. Whats going on there, anyone?
2022-04-19T15:35:28.403 GBX 20.84 852,109 177,580 UT XLON
2022-04-14T16:35:11.000 GBX 21.12 608,341 128,482 UT XLON

I am not an accountant but rather than pay down more debt, cant they buyback shares. That would improve eps.

Happy to see 153% upside. Could go higher if there is a bid now the transformation is complete imo

Thanks NOFEAR. In this article, 'the value of the (Woodford) fund is now £141mn, and it still holds shareholdings in Atom Bank, Benevolent AI, Drayson, Mafic, Nexeon, Origin, RM2, Rutherford Healthcare and Sabina Estates'. CPI appears to have cleared.
https://www.ftadviser.com/investments/2022/03/15/woodford-sell-off-could-drag-into-2023/

Crowman, it's a problem. Great wealth can change people. I'm not going to let it change me. £1 imo

Anyone know why the £3m buy midday doesnt show on this site? Can see in the stock exchange data

PIs taking full advantage and buying the dip!

Thanks NF. So, between 42p and 70p taking all brokers together,.
Consensus is c 59p.

shorters are peanuts in the grand scheme of things

'Looks like they will RNS the pipeline to underpin the recovery.'
Thats my view too. If they continue a positive newsflow about the pipeline a tipping point will quickly be reached. SP shouldnt be 21p

The Government has promised to invest £39 billion in health and social care over the next three years as a result of the tax increase, which came into effect on Wednesday.

https://www.msn.com/en-gb/news/uknews/johnson-says-putting-up-tax-to-fund-nhs-is-unquestionably-right/ar-AAVUXSf?ocid=msedgntp&cvid=863c3313401f46f7a0b22ea2c6cb5758

'think there are a lot of tracker funds that own chunks of this'
True. But the likes of BlackRock Thematics now calling out a bifurcation driven by costs makes me think they want to own CPI in a different fund with high risk reward. Just my idle speculation of course.

'current ratio of 0.5'
Yes need H1 reporting to reconfirm the turnaround reported in the 2021 FY report.
Its laid out they are paying down debt (another £215m in Aug) underpinned by revolving credit facility so I dont really see a working capital problem.
Looking forward to seeing a contract win RNS in the meantime. That would reconfirm also.
The SP could move sideways for a while/ low 20s range or it might just takeoff as it has in the past.

If CPI has turned around, 21p is not the going to be around for long imo

Anyone notice large volumes being reported each day with 7am timestamps and previous day prices. Started after Tuesdays spike?

April fools day tomorrow. Under 20p would be an april fools joke, surely?

'CPI has reduced headline net debt to adjusted ebitda pre IFRS 16 from 2.7x (2020) to 1.7x (2021) and have targeted 1.0x over the medium term.'
It's taken along time to turn this around and the reporting metrics continue to improve YoY. I hope this is the bottom and will hang on for the ride back up whatever it takes

Thank you Cesna, very useful and now on my radar. I am catching up with the year end reporting this weekend. How the SP has got so low?, but thats supply and demand I suppose.

'£9.4Bn unweighted pipeline in 2022
BBC TV licensing -WON
Utilities sector - H1
Technology business - H1
NHS England - H1
Financial services - H1
Financial services - H2
DWP - H2
NHS Scotland - H2

66% of client contracts include inflation linked escalators
22% are fixed price with indexation assumptions built into contracts
12% of revenues are transactional so naturally hedged by updated pricing

Transformation is done - platform in place
Simplified structure of two core divisions established
Attractive markets, client-centric model and deep sector expertise
Driving revenue growth in 2022
New operating model creates efficiencies and productivity benefits
Continuing disposals to strengthen balance sheet
Positive sustainable free cash flow to be delivered from 2022

Strengthening Balance Sheet
Existing RCF maturing 31 August 2022 supplemented with £300m RCF maturing 31 August 2023
Disposal proceeds of £95m received to date in 2022 with further proceeds of £115m expected on the Trustmarque
disposal, also announced Speciality Insurance disposal
In early 2022 we exceeded our £700m target proceeds (subject to successful completions), ahead of target
Strong liquidity at 31 December 2021 year-on-year movement reflects debt repayments and RCF reductions following the receipt of disposal proceeds
Private note debt maturities totalling £221m in FY 2022 with £213m repaid in 2021 (all net of swaps)
Includes £78m in respect of exited London HQ but excludes related £73m lease receivable'

c.£115m for trustmarque is approved and will improve the balance sheet in H1.
https://www.lse.co.uk/rns/CPI/clearance-of-capita-trustmarque-disposal-mnwrai3oyfhw03e.html