Member Info for Trenners

@Macy - no gamble here .... This is a seriously unloved and under valued company that is currently sailing under the radar.

The new management team here are absolutely world class with a proven track record in running technology led services business (which is what Capita are fast becoming).

We will look back on this time - probably in not so many months - and wonder how on earth we could buy a stake in this £2.7bn revenue business (with a £5.7 billion sales pipeline) for just 17p a share.

When Capita announce a profit and follow up with a dividend then the sky is literally the limit!

Remember - Capita used to be a rock solid FTSE 100 darling that paid a solid dividend ....before it lost its way and over extended and over borrowed ....

Adolfo will return this to a respected dividend paying company (if it's not bought out before he's finished doing that)

@Aim - new contract USED to mean high initial start up costs ... That was the OLD Capita business model under JL.

Adolfo is taking a much more "American" cookie cutter approach of building a service / solution ONCE and then selling it, many times over, to multiple customers.

The AI services that were announced and launched in the summer of 2024 were very much build once and deploy multiple times solutions and this is the future here and this approach will radically drive profitability.

I'm really excited by what Adolfo and his chums are building here and anyone thinking Capita will be the same lumbering beast during 2025 / 2026 / 2027 are going to be proved very VERY wrong.

I've worked in IT (for American companies) pretty much all my career and cookie cutter products and services are definitely the "highway" to massive profitability

@Aim - careful you don't get badly burned as BTC is going to explode to at least 120,000 USD prior to inauguration at the end of January 2025.

I certainly would not be betting against crypto ahead of a Trump White House

I've just seen a massive BUY signal for Capita shares .... @SavageKeyboard is back spreading his nonsense again .... That's got to mean the SP is about to rally!

Time to load up I think!

@Trisor - Ha - by the lack of RNSs here it wouldn't surprise me to learn that the entire IR department have been laid off as part of the cost cutting initiative.

I've always wondered why we are paying two people in the IR department (Helen and Stephanie) when you consider the lack of announcements and limited Investor related roadshows ... I wonder what they both do all day ... Perhaps we could replace them with AI ... I bet they WFH 😄

It's been a long wait (for me) re: Capita and the company (as Rockwood recently suggested) has been pretty unlucky along the way.

Ignoring the incompetence of JL and his cronies - we had COVID then the great business sell off to reduce debt. Then Woodford had to wind up his big holding and then, as things improved, Crispin Odey got involved with a scandal and his holding was wound up too.

Just as we were getting over Odey - we get hacked and that sets us back further. Then JL decides to take retirement (thank the lord) but that further destabilised things.

Then just as AH is steadying the ship -'Rachel from complaints' increases employer NI significantly which causes an across the sector malaise.

As previously said though - NI should be mitigated by offshoring and cost cutting and AI and I'm confident this will be confirmed in the trading update next week.

And after all the above - I think Capita is due a bit of luck as the rub of the green has definitely been against it for some years!

@Aim - rationale for my 1.3 million shares position here is fairly simple .....

Solid, unloved, company with multi-billion pound repeatable revenue and a strong sale pipeline that is not being steered by very shrewd and very successful technologists at the precise moment in time when Government and Private Sector need AI led solutions to drive productivity and growth.

17p for these shares is the bargain of the century and I have placed all my stock market chips on a single - large - bet at CPI.

I was fairly confident of my investment under Jon Lewis but now with Adolfo and his ex-Amazon team at the helm - I am certain that this boat will come in.

I get the concern about short term concern re: revenue growth (something the likes of BT have suffered for decades) and extra NI ..... but I think AI and cost cutting will mitigate the NI issue ... and if profit continues to shift upwards then a small loss of revenue is a price worth paying ...

That's my presentation done ....

Interesting to see that all the 'A' trades have ceased for the time being and maybe that's why the spread is being held so wide ....

So only 'mug punters ' buying and selling CPI at the moment

16.82/17.94 spread is criminal!

This stock is definitely in play by someone ... Even British Bulls are suggesting to stay in cash as the trading pattern is most unusual!

Definitely a British Bull buy signal then (because they are nearly always wrong) .... but NOT at 17.94p!

@Aim - anyone would think you are short!

Very strange trading action this morning where the MMS sold a few hundred thousand shares into low volume to depression the price ...

A reason to be bullish .... British Bulls have a SELL rating and they are pretty much always wrong with this share!

15s may be but why would we revisit the 13s when we've got about 13p cash at bank .... thereby valuing a £2.5bn turnover business at £0?

As someone said yesterday .... Chances are you will be long on Capita again by the end of this week 😄

@Aim - markets don't like surprises..... but a drop in revenue here isn't really a surprise as it's been signalled many times ... The sale of Capita One was said to have no material impact on revenues and the renewal of quite a few contracts recently would suggest that revenue will be in line with expectation ....

I know you are short here (and I was short too) but I'm convinced you are calling this wrong and i am expecting 20/21/22 going into results and I have not given up hope of over 25p by New Year.

So .... come and join the party and close that short ... You know you want to really .... And it looks like we are set to break 18p and even possibly 19p again this week!

Not only a £30m contract but also at a minimum of 6% margin so £1.8m PROFIT......no that's a word you don't see written about Capita very often 😄

There seem to be quite a few sub £100m contracts that are getting renewed that are being won beneath the RNS radar and I hope this bodes well for our forthcoming update

@DarkBlue - the problem with British Bulls and Capita is that they tend to be wrong a lot more times than they are right .....

Having said that ... I'm still long here (although I'd be even more confident if British Bulls signalled a SELL😄)

@Aim - I honestly think you are on the wrong side of this and if you get an opportunity to buy back your short in the low to mid 17s - it would be wise to go long here ...

I understand your concern about reduced revenue growth (but we were spanked hard for that last time and I don't think we will be punished so harshly again) and we've got a very good story around debt reduction, contract wins and improved margins.

Factor in the continued pinvwr movement into AI solutions (not to mention one of the leading AI experts joining from Amazon) .... then the stars are aligned to take this through 21p / 22p and beyond before Xmas - only 22 sleeps away!

You've advised me in the past (and I listened) and I would suggest you close the short now before it's too late!

@Savage / Aim - anyone seriously shorting CPI at these levels have got a higher appetite for risk than most (including me) ....

I doubt this would ever drop very much below 16p again (if not only because of the amount of cash at bank after Capita One sale) but the upside gain from 17.5p is huge.

So ... A short might generate a 1.4p profit if you get really lucky against a possible 12.5p loss if you remain stubborn and don't close out your loss.

As I've said before .... The only way is up from here!

Anyone with a large holding here is truly bonkers ....

You don't believe me .... Then look at all the people behind you who all trusted in Moulding and even Lord Allen over the last 3 years .... virtually everyone has lost life changing sums of money following MM.

Perhaps it will finally come good ..... but history tells us it probably won't!

@Aim - yes I think it switched to short as it crossed back through 17.30p .....

Maybe you'll get your 16.50p after all but I'm not going to chase it again as it's not that long until to trading update .. and I also think 17p is an amazing entry with a little bit of patience ...

@JO - no I decided to stop at 1.25 million on this iteration although I have an itch for a few more but I think 1.3 is going to be the absolute maximum

If we get a bit of a rally into results then I'll definitely be reducing back to a million (or even slightly lower) but I'm still very optimistic ....

And my Financial Adviser is about to buy back his 550,000 shares this week too .... so a sizeable holding between us again ...

Nothing to fear here .... just a few positive RNSs to get this flying now!

@Rock - Aim is short which is why he's willing it down .....I thought it held up OK although British Bulls are going to signal a Short / Sell this evening with a bearish engulfing flag I think ...

For me ....anything under 20p is a total bargain here so I'm not trading it anymore in the teens ..... I just wish I had more funds to add ... Ha and I'm already holding £255ks worth!

Fortune favours the brave even if it is foolish to have over a quarter of a million pounds in just one share 😁

@aim - is that good or bad news (if volume drys up)?

Massive spread this morning......More games being played!