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News of vaccine is not far and whoever holds/buys from this position will hit gold later this year/early next year. Once news is out, this share will have the legs to outperform the market compared to any other share, given their better financial position after the rights issue. Daily fluctuations will always be there, its better to turn off your computer and check on a monthly basis.
Bertles - Just felt there are better alternatives out there with less debt levels and positive cash flows and it's energy sapping to watch this dog drift lower and lower each day with no end in sight. Tomorrow being another day with COBRA meetings and potential lockdowns in prospect, this dog will most likely drift lower IMO.
This was published on BBC this morning. Probably this is weighing on the sentiment as well along with Chris Whitty's news conference at 11AM.
10:08 Evidence of virus spreading easily on long-haul flights
Research published by the US-based Centers for Disease Control and Prevention (CDC) shows coronavirus can spread easily among passengers on long-haul flights.
The report looks at the case of a woman who flew in business class from London to Vietnam in March. Although she passed a temperature check, she developed symptoms in the days following the flight and tested positive just five days later.
Contact tracers managed to link her to 15 of her fellow passengers who also later tested positive for the virus.
However, there is a caveat - at the time face coverings were not mandatory on flights, and so it is unlikely most of the passengers were wearing masks.
Something really looks fishy here.
Is anyone able to find out what caused the drop?
Not sure, either shorts at play or some news..
These shares were trading at £4.66 when the news on Greene King takeover by CKI group was announced around November last year and with commentary that this company will be the next on the list for takeover given the large freehold estate they have and also lion's share of business is owned by wealthy UK businessmen. Infact i remember that an offer was put for £941m by one of those businessmen but was rejected. Current price is more than 50% discounted compared to that offer price.
Given that South Africa GDP is down 51% in the last quarter, markets are expecting INVP results to be bad on Friday and hence the drop in anticipation of those results IMO. However, long term fundamentals are strong and this will correct in-time.
Absolutely Eviking. I will not be surprised if they get a bid for the whole company at twice or 180% of the current value. Of course, the long term shareholders will probably not approve as they will have to nurse heavy losses. Once the bidding war starts it will get interesting. I suspect shorts should also be nervous with share price at these levels as this probably might be their few chances to close. Any rumours or whiff of good news, this will fly. I still have faith in Jon Lewis, as he is called turn around specialist for a reason. As always, DYOR and patience is the key here.
Given the low valuations and pound depreciation, lots of UK Plc's will now be in the eyes of PEs. I will not be surprised if Capita receives an offer given depressed share price.
Agreed patience is the key. Do i think Capita is much more than the current price - absolutely yes. It might take a while for the true potential to be realised but it will get there in good time. I suspect several PEs might be eyeing this company as a takeover possibility considering the depressed share price. It just takes a whiff of good news and this goes up and fear of missing out sets in with PIs. Remember this was in FTSE100 previously and there must be a good reason for it.
Someone posted this news in ADVFN, thought will share for info.
Following a strategic review of our Pensions and Benefits Pillar over the past year, we have decided to simplify our offering by selling our Employee Benefits businesses. We believe the sale will allow us to deliver better outcomes for our colleagues and clients in Employee Benefits. It will also allow us to refocus our investment and commitment singly to our market-leading Pensions business. As a result of the strategic review, we have exchanged contracts with Benefex, a major provider of employee benefit solutions and employee benefit consulting services. Subject to completion of the client novation process, Benefex will be acquiring the following Capita People Solutions businesses: Health, Global, Flexible Benefits Consulting and Solutions, Small and Medium Enterprise Consulting Solutions (SMECS) and Benefits Administration. The transaction also encompasses elements of our DC Consulting business, including online and offline GPP solutions where they are part of a wider benefits offering. Our online benefits platform, Orbit, is also part of the sale. All 172 impacted colleagues will be subject to transfer to Benefex upon completion. The sale of these businesses is an important step in ensuring we invest in areas where we can grow and win and offer the right level of service to our clients. It also enables us to double down our focus and investment in our Pensions Transformation initiatives.