Member Info for Trenners

@Adam - I don't think anybody is upset .... I think they are all trying to tell you the same thing .... albeit in different ways.....

The Share Consolidation in itself will not make you lose or gain any capital ....

Your investment in the company will be the same ... It's just that you will hold fewer shares (1/15th what you previously held) worth more money (15 times more money) than they were before consolidation.

Overall you are no worse off than you are now ....

@Adam - your analysis is just, plain, wrong - share consolidation does not result in loss of capital irrespective of what price you invested in ....

To assess how much Capita was worth in it's hay day (when the SP was £8) you need to take the number of shares in issuance and multiple by £8 to get it's market capital AND THEN compare it to either current SP x 1.7 billion shares OR consolidated SP X 113 million shares.

Then you can make a comparison ... the £8 number on its own is pointless

@oldtrader

I don't understand..let's say I have 15 shares and I paid 30p then so a total investment of £4.50.

If we consolidate at 15p then I now have 1 share worth £2.25 so I need the share price to double for me to get my £4.50 back .... Which is the same that I need to happen if we didn't consolidate (ie double 15p to get back to 30p).

I do take the point though that consolidation enables funds to be more readily raised in the future and I hadn't considered that angle ... And perhaps I should have considered that...

@Adam - why will your overall capital invested decrease?

The number of shares you hold will REDUCE by a factor of 15 but the WORTH of those shares will INCREASE by a factor of 15 .... So you won't be worse off (or better off) at all ...

But with, say, a £2.25 share price - this isn't going to thrash around so violently on a day to day basis and should bring a semblance of stability (and sanity) to the shareholders.

I know you are against consolidation - but I don't really understand why as you are not going to be any worse off

I honestly don't think today's update could have gone better .... the 12 month assessment of AH and his management team must be "great job and keep up the good work".

Great that they are doing another presentation on results next week as that will keep the momentum going ...

It's got to be good news that they are looking at share consolidation given how mercilessly this has been played by the MMs over the last few years ....

Strategy seems to be on the money and being executed with aplomb .....

My never twitch has now subsided as I think this has been the best results day since March 2023 and August 2021 with an awful lot of disappointment in between.

Now waiting for the RNS for the new vesting shares for AH (immensely well deserved) and also hopeful we will see a director or two adding at these levels too ....

The future looks bright ..... Light at the end of the tunnel ...

@blankcanvas

Simply put - for every 15 shares you currently hold - a new share will replace them ....so your share holding will decrease .... 15 old shares = 1 new share

The new shares should be worth, initially, 15 times the share price at consolidation - so if the SP is 20p on the day of consolidation then the new share will be worth 15 x 20p = £3.00

So - basically - you won't lose out in the consolidation as, in principle, you'll hold the same stake in the company as before.

The consolidated share price should mean that the SP stabilises a little bit (rather than swinging around wildly which is seems to do at the moment).

Hope that's helps

Like everything this board of directors does .... It's well thought through and will almost certainly benefit shareholders.

If you look at the likes of BT .... their SP does not swing wildly up or down depending on the games that the MM want to play .....

This share has been a plaything of the markets for years (certainly for as long as I've held it) with wild, sometimes erratic, movements on almost a daily basis and this was especially pronounced during COVID when the share would just surge and plummet for no obvious reason.

If we can stabilise the share price movement then we can gradually build momentum as the company results improve.

I think it's a great decision to consolidate

** the NEXT RNS should be the vestment of AH shares

@Aim - the best RNS should be the vestment of the next tranche of free shares for AH that were due to vest on 15-01 but couldn't be vested due to the close period.

I would expect that announcement in the next day or so and hopefully, like last time, he will decide to pay the tax and NI due from the free shares from his own funds thereby maximising his CPI holding (rather than selling some of the free shares to cover the tax liabilities).

I would also hope Pablo to pick up a other million or so shares soon .... but that's more a hope than an expectation... As he doesn't get the bucket loads of free shares that AH does!

@GoCPI - Oh no!

My 1.5 million shares will be reduced to 100,000 ..... After 15/1 consolidation

But I agree it's a good move and it should stop the share price swinging so wildly! (Hopefully).

I'm pleased with today's results and it will be nice to watch the SP rise to a more sensible level ....

Turn around is underway and Capita is in safe hands

@Wildcat - lots of turbulence and the SP leading up to results hasn't been great but the amount sold down by Schroders was only small (0.07%) in the great scheme of things and was probably done to simply rebalance their portfolio (they do this from time to time).

AH is our golden ticket - of that I'm certain - it's just whether the ticket pays out tomorrow or in August or in March 2026.

For what it's worth - I think you might have jumped the gun (by selling) as we are almost at all time lows, Schroder sale isn't significant and we are valued almost equal to cash at bank from Capita One.

Anyhow - each to there own - I'm optimistic tomorrow and hope you manage to get back in at a good price in the morning

Strong headwinds don't bother me that much either whilst we are at all time lows and are pivoting the business towards AI led outsourcing at a time when everyone is looking to cut headcount by harnessing automation solutions.

Of course I'm bound to be bullish holding so many shares into results 😜

@Savage Ha we are all down here .... Except for you ... as you're the only person who posts frequently but haven't bought any shares Ha

Only 30 minutes left now to buy into bargain basement prices .... at SP of 12.8p you are pretty buying cash at bank as the market capitalisation is about £217m and - as previously mentioned - we received £210m cash for Capita One last year.

Even without the cash we've got a pension business alone worth between £200m plus as well as the multi year multi million pounds service contracts with a huge array of customers...

SP is astonishingly low ... So buy when others are fearful!

@Savage

See link: https://www.capita.com/news/capita-agrees-sale-capita-one

So - £207m plus a dividend of £4.8m equals over £210m for Capita One

@Jordi - when we announced the sale of Capita One (last summer) then the share shot up to about 19p and then rallied upto 22p by mid July. When the £210m cash actually hit the bank in September / October we rallied as high as almost 22p again.

I think 22p is probably the market value based on what we know at the moment although you could argue a higher figure given the cost cutting program has been increased and is also ahead of plan (as reported in December TU).

So - yes - 12, 13, 14 and even 15p are very much in bargain basement territory with the CFO buying significantly in the 17s and the CEO stock options calculated based on a 19p share price.

@daltry - ha Warren Trenners - not so much The Sage of Omaha but more like The Idiot from Swindon who bought too many CPI shares just before they went bust 😜

Although I remember last year being envious of all those with an average of 17p (who managed to buy in on the drop during results in August 2024) and even those who had accumulated in the 18s and 19s

Those days seem a long way off at the moment yet, in reality, tomorrow will be the first proper update since August 2024 .... so I can't really see the reason for the drop back to the 13s again ....

All will be clearer tomorrow and with a lot of my shares in the ISA I guess the short term movement doesn't matter but it's always not so good to be sat on a large paper loss.

For me - the worst thing that could happen would be AH to announce he's quitting - that would torpedo and completely sink my investment here .... but I still believe that smart people don't leave Amazon to work at Capita just before it sinks into oblivion.

Warren Trenners .... Think I'll use that name on chat forums in the future .... Although Rodney Trenners would probably be more accurate

I'm a Donald man too ... as you've got to marvel at the way he can execute a deal ... surely the Zelensky ambush in the Oval office was planned in advance to ensure the European stepped up to spend more on defence.

I do think though that treating a man so unkindly (Zelensky) - whilst about to plunder his country of valuable raw minerals - whose English is his third language and who has fought so valiantly against Russia for 3 years - is not so much 'Art of the Deal' and more 'Signs of a Bully'.

However - I'm sure Trump will eventually get his way and it will be another victory for Putting America First and Making America Great Again ...

Where that leaves Zelensky and Europe is anyone's guess ... and it's all probably academic anyway as Putin has to agree too!

@PJT12 - my prediction was supposed to be tongue in cheek given - at the time - we were sat at just under 2p my prediction ...

Good to see the double bottom today and, as the chartists would say, maybe a W is forming on the charts ....

With good results the W will definitely complete ....

Without good results .... it will be another wait until August😜

@MartinG - the start and end dates on each contract are slightly different and that would probably explain the difference in contract value too ....

I think it's definitely the contract that was RNSd on 29th January 2025.

Wasn't this the same contract that was RNS'd on 29th January - values and dates are different but the contract looks to be for the same thing?

@Aim - decision is easy - having just had a double bottom and still almost sat at all time lows .... we have to hold and keep everything crossed that AH (the world renowned magician and escape artist) has started to turn around this sleeping giant ....

And if he hasn't then we will see the end of the teens .. as we sink into the 12s and the 11s ... As the band plays and the LTHs salute from the poop deck!