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I think we just need to be patient - this is a solid tasty business with an increasingly tasty dividend.

I added more today as I think we will look back at these levels in a year or so and wish we had remortgaged the house to buy into such a good company

@Simpiles - yes it's my hope too that Amazon eventually makes a bid for CPI as a way of getting a large foothold into UK Government contracts with a IT services business (CPI) that can compliment their Hyperscaler offerings.

CPI would be loose change for Bezos at even £15 a share here although I would guess the takeout figure would be less than that (which is fine with me).

Sameer talking of "going global" was a carefully chosen remark so something is definitely afoot here - exciting times

@Capitalizer - I think John Lewis did tidy the balance sheet up (which caused the rally in March 2023) but I think with - or without - the hack - John Lewis was not equipped or qualified to turn CPI from an old school BPO to a modern and dynamic AI led BPO technology company.

For years JL under invested in technology within Capita as cost cutting was undertaken to save the company.

Adolfo joined at precisely the right time as the balance sheet was almost sorted and the company needed steering into a new direction ....

I think we got lucky (in some ways) as no way on this earth would JL be partnering with Hyperscalers if he was still in charge ....

Adolfo - right CEO at the right time !

@Trisor - Ha yes 1.635 million OLD SHARES ....now holding that amount of new shares would be truly EXTRAORDINARY 😜

I can't believe we are under £4 again - MM taking it down to trigger the £4 stop losses I suppose ...

I've added more too - I've got 1.635 MILLION shares (old money) now and feel like we are on the cusp ...

I read something at the weekend -

"If you want ordinary financial returns then follow the herd and do ordinary investments"

"If you want EXTRAORDINARY returns you need to do something EXTRAORDINARY"

I'm hoping holding so many shares here is extraordinary 😄

Big week ahead - would like to see the push towards £4.20 if possible - we've been stagnant for a while now but showed signs of moving forward agein last Friday with increased volumes.

Anything less than £6 must be deemed a bargain on how the turn around is progressing

@Capitilzer - I'm very cynical about stop losses as I think, once places, the MM can temporarily shift the SP downwards to hoover up the trigger points before then moving the SP quickly to a new level

It happened to me many moons ago at Melrose and I also got stopped out of Ocado last year (they dropped the SP to hoover up my stop loss at £3.35 before immediately releasing the share - it hit about £3.90 shortly afterwards).

I think it's right to be nervous when you are sat on a large gain - but at the same time you need to remind yourself of when you were trapped (especially thinking about Capita) with a large loss.

I remember being £100k under water here back in January 2025 but now I'm £200k up but I'm holding firm because £200k profit doesn't compensate me for how I felt when I was £100k down!

At the end of the day you could take the view that stop/loss is a traders tool (to stop them losing all their capital when a trade goes against them) ....

As a LTH - do I really need to be stopped out when I am certain this will come good in the end whatever the wider market does short term?

If course - last summer I was over £100k up and watched it all disappear in a puff of smoke after August results - but - as I said - it came back better and stronger in the end.

I don't see Schroders or Staverly using stop / losses so I don't either!

@Trisor @Heatseek - The Kent contract is what we've all been waiting for as it clearly proves the strategy is not only sound but is working!

I think this is going to move pretty swiftly through the £4s now we've had that period of consolidation over the Xmas period.

What an exciting time for being a LTH after all the pain of the last few years!

@YTee - yes I totally agree - I think the consolidation over £4 has been baked in over the Xmas period and we are on the cusp of the next step forward

It wouldn't surprise me to see £4.20s by late this week / early next week and I'm looking for £4.50 by the end of the month

Everything seems to be aligning for Capita (after a 6 year wait for me) .... All looking good now with the previous "company issues" now resolved....

For any medium term investor (rather than short term gambler) these have got to be a bargain at this level with it being a solid company, a fair dividend and now drastic Dave at the helm!

I've bought more in my pension today - nothing to fear here over the next 12 months or so imho

Sameer is a very smart (and soon to be very rich) guy and it was a master stroke (by Adolfo) to lure him away from Amazon (albeit with a wheelbarrow full of stock options).

It's really nice to hear the ambition of Capita as we move forward and I think the whole AI led BPO positioning clearly differentiates the offering (from other BPO businesses).

At the end of the day - it's too expensive and too risky to hire people these days so if their roles can be outsourced and be replaced by an Avatar then that is going to add value to both the customers and Capitas bottom line.

Never have I been more convinced that the turn around has happened and we are all on the road to riches now.

We just need confirmation in the numbers (and a new customer or two) and this is going to truly fly again and may make the £9 per share valuation look conservative

Well I have made a New Years resolution to try and diversify my portfolio a little - as some of you will know I'm very heavily invested in Capita.

So I've added some Greggs this afternoon as I was taken by the 4% dividend and I'm confident the cold weather over the next few months will be good for business.

I am planning to add shares here every month ....

What are the key dates in the Greggs financial calendar?

I'd be surprised if any professional shorter (ie hedge fund) actually lose money when they close their short as they are surely using the short to hedge against a long position they also hold.

So if the share price drops - they win with the short - if the share price rises they win with the long.

It's just like a bookmaker - they hedge their bets to create a profit on whatever outcome ...

@James - ha I thought you had sold up and moved along ages ago as I remember you taking a good position at 13.3p (old money).

I've kept the faith here - I put £40ks worth in 2 ISAs back in April at 11.9p - which is looking spectacular now - but I don't think we are done yet.

I was holding these when they went over £7.50 (50p old money) back in 2021 and we are in much much much better shape now ....

As Staverly recently said - you've got to run your winners and that's precisely what I am doing here ....

I don't think we will make £4.30 by year end but it would be to end the year over £4.05 (27p) or even £4.20 (28p)

@YTeeBack - I'm hoping all the £4 sellers will clear through soon as we can take the next step to £4.30.

I was hoping to end the year at that level and - although there is still time - we need to get our skates on now!

I've added more too - they are definitely toying with the SP at this level and is expect this to confidently push through £4 next week - if not sooner!

The rally on 13/12 - after we announced the Royal London solution - only didn't continue, imho, because of weaker Xmas related volumes as traders went away for Xmas.

All that is set to change next week and FCF and positive outlook in March should this take a large step forward again.

I think takeover price at between £10 and £12.50 - it's just a question of WHEN not IF

I've added more today as this is showing signs of wanting to ever upwards (even with the very thin volumes around today).

Good to see UBS adding more (although for how long is anyone's guess) .... but I'm convinced we will see £4.50.or higher before January 2026 is finished ....

Merry Christmas everyone - 2025 has been a fabulous recovery year for Capita and long may it continue into 2026.

Once Xmas is out of the way then it will be only a few weeks to the March results!

Happy New Year to everyone too

@aim - it's pretty obvious Schroders are rebalancing and it's disappointing to hear you suggest otherwise.

At the start of this tax year CPI had a SP of under 12p (old money) and the SP has risen to around 27p now - so it's two and a half times BIGGER than when Schroders held 19% of the company.

Without rebalancing then Schroders would simply have had too much money (for their liking) invested in Capita - ie two and a half times what their stake was worth on 6th April 2025 - so it's pretty easy to see why they have been trimming their holdings as the price rises.

If Schroeder wanted out of CPI - they wouldn't be selling in dribs and drabs - they would offload everything to another II at an off book agreed price. THEY AREN'T DOING THAT.

Your deramping is both mischievous and misleading

@Cabbage - Ha a lovely story that brought a Christmas smile to my face - OK - the content couldn't have been more wrong but the sentiment was lovely.

It's nice to feel my comments get noticed here 😀

To address your risk management concern - I think Royal London are pretty astute when it comes to risk management and if they are prepared to lock away £22m for five years with an SP average of £3.965 - I'm pretty comfortable with my very large investment at £2.25 SP.

Nice Christmas tale though 😀