Member Info for Trenners

@PJT12 - 18.7p was what we opened at after going into auction on the announcement of the sale of Capita One.

I'm not sure why NoFear is waiting for that price to come again because I - along with quite a few others - topped up at 18.3p during the small pullback (later on the day of announcement).

Wishing the share to fall 5% in an uptrend (with results only 9 trading days away) is a bit of a fools errand as the SP is consolidating nicely after a meteoric rise and will surely rise into results (and explode upwards after results if they are well received).

I added again on Friday at 20.5p and am approaching 1.1million shares now (ha and I'm still slightly underwater) ...

But quite frankly ... Waiting for 18.7p when the share is set fair to at least double in the next year does seem pointless to me

I think we are getting a bit ahead of ourselves ....I'd be pleased to see 25p again and delighted to see 30p.

I think we've a long road ahead of us to get to the magic £1 again but I think the road is much shorter to 50p

After that rate cut - and in the absence of anymore surprise news - I fear this is going to start drifting as we wait for results in 2 weeks time.

It's a shame we didn't manage to break through 21.85p over the last few days as that would have given us momentum going into results ... And that temporary spike to 22.4p yesterday shows what's going to happen when 21.85p collapses.

Danger this might drift below 20p I fear!

@GoCPI - well I've been accumulating for the last 2.5 years and I haven't paid more than about 34p for any of my CPI shares .... But I held quite a quantity in the 30s and 20s ....meaning that even with averaging down when we were in the low teens .... I still have an average just over 22p

So - yes there are lots of people who are still going to be underwater here unless they a) bailed - like you did - when the price plummeted last August or b) have simply been averaging down from a largish 30p plus holding

All history now - but I think most LTHs will need at least the mid 20s to be at break even

I'm not a JL fan ... but I reiterate ... With the company on the brink of receivership - at the very beginning - what was he supposed to do.

If he had been transparent then all the business would have been sold off in a massive fire sale and, after debt clearance, shareholders would have been left with nothing.

Also ... Asset sale takes time ... So he probably had no option other than do the RI to buy enough time to sell the assets for a sensible price.

I know all the RI money has been lost .... But the company survived .... The customer base survived and the revenue has survived

Which leads us to the next phase of turn around which is cost cutting (started under JL) and then business transformation (being undertaken by AH).

I just think a lot of people are being overly harsh on JL.

If he had been "honest" about the state of Capita when he took over .... I don't think Capita would exist today at all

@All

Don't get me wrong - I invested huge amounts too based on the turn around is now complete nonsense and the suggestion the share price would return to 97p within a couple of years (I think JL said that in a Mail on Sunday interview in July 2022).

The irony is - the way things are going - the 97p prediction may not be too far from the mark .... Probably in 2025 / 2026 rather than 2024 though LOL

@GOCPI / TerryM

I agree that the announcement last year (by JL) that the turn around was complete was not only premature but possibly bordering on fraudulent.

However - when JL first looked under the bonnet and found that Capita was a complete basket case on the brink of bankruptcy - what was he supposed to do?

I honestly think he saved us - whilst earning a tasty salary himself I concede - but he quickly did what was needed (raised more cash from the RI) and then started the disposal program.

I agree it would have been much preferable to cut costs sooner but I'm not sure how that could have been achieved (without creating alarm bells and an ensuing fire sale) during the disposal process.

Once the disposal process was complete (in JLs words) he did start making cuts but not to the level that was needed - I agree.

I still think though that JL saved us from bankruptcy.... and I'm not convinced aggressive cost cutting can sit next to asset disposals without completely spoiling everyone.

Just my thoughts - I'm pleased JL (and TW) are going and I'm thrilled by the progress being made by AH already

I still think history will judge JL in a better light.

I know lots of people lost loads of money in the rights issue (mainly thinking of you Terry M) ... but you could argue that when JL arrived the company was a complete basket case with loads of businesses and very little, if any, profit ...

It probably wouldn't be far from the truth to say that Capita was on the same downslope as Carrilion when JL arrived.

So he did a Rights Issue to stop the business going bust (and to buy himself some time) and then he set about selling off the weird and wonderful divisions to shore up the balance sheet.

I think all those things were the right thing to do .... And stopped all the shareholders losing everything!

I think JL will be judged more kindly as AH refocuses the company and drives it back to profit because - without the JL interventions - AH wouldn't have had a business to refocus in the first place. AH said as much the other day.

A bit like Liz Truss (is JL) in that they both had the right ideas at the time (in Liz's case to go for growth, in JLs case to save the company) but were not able to fully execute the vision ....

Interesting that all Labour talks about is going for growth as that's exactly what Liz said!

JL and Liz will be judged much more kindly by historians I think!

@Capitalizer - and that's why this is going to turn very quickly now. JL made a start by trying to reorganise the balance sheet so the business didn't go bust.

AH will not transform the business into a technology services business (which was something JL wouldn't understand let alone be able to deliver).

I'm banking on these being at least 50p by Xmas ... And I mean Xmas 2024 not Xmas 2025!

Although the businesses couldn't be different (RR v CPI) - I do think a CPI recovery could come a lot sooner than many think on here.

An new CEO with a vision that is shown to be delivering results will mean we rerate very quickly ....

Will it be as quick as RR - possibly - but it doesn't really matter if it's quicker or slower .... As long as it happens ...

A services company delivering AI solutions into Government at a time when Government are screaming for solutions to improve productivity (so they can cut staff and reduce costs themselves) .... What's not to like about that?

That's the beauty of CPI - we've got this, soon to be profitable, £2.5bn revenue base to under pin this transition very similar to the RR revenue base that under pins their transition into small nuclear reactors.

So there are similarities in that both company's have new CEOs with new visions / product and services that can be delivered whilst being underpinned by an existing client / revenue base

obiay ..... one bag in a year!

so double sp this time next year rodney!

well that's a start ... thanks ****ney rebel!

@Ultra - I added another 56k shares on Friday at a shade over 20p (I hoped the 20p would hold but I was proved wrong) and am not holding 1,004,000 shares.

I've been buying since early 2022 (when I thought anything around 30p a share was a bargain) and I've been averaging down every since.

Sitting pretty here now for all the reasons I mentioned in my last post.

I think the future valuation will be determined by the new vision (and execution of that vision) for CPI

By partnering with the likes of AWS then we are going to transition from being a run of the mill, slightly overweight, outsourcing company to a leaner, meaner, provider of technology solutions (that uses strategic partnerships and the CPI solution building knowhow) to deliver high productivity solutions to the customer base.

This is just so timely with a new Government focused on driving productivity to enhance UK Growth and a new CEO who has a proven background in delivering technology led solutions .

This sort of vision is way beyond the scope of that old timer (JL and his hapless CFO) ... And is transformative in the valuation that CPI could achieve.

If this doesn't get to £1 within 2 years (and possibly much sooner) then I would be astounded ....

Just because we traded at 12.5p under the old guard does not mean we can't trade at £5 with the new guard.

What AH has planned for this company could well cause the SP to explode .... But we need to be patient ... Rome wasn't built in a day .... But I've every expectation of seeing these trading at over £1 as the new vision gains traction and results and dividends are resumed.

Absolutely nothing to not like here which is why I bought again in Friday and have now joined the CPI million shareholders club.

I'm not only still on the bus - but I've got so many shares that I've filled the entire upstairs section.

I'm looking for 40p minimum before even considering selling .... And only then 5% at a time ....

How on earth did this get so low? No wonder the new CFO wanted to buy some before joining later this month!

@Trisor OOPS - decimal point in the wrong place LOL - I think I'll opt for a 0.1p or 0.15p dividend then costing between £1.7m and £2.55m ....

I just think any dividend - however small - would send a strong message although a 0.1p dividend is not going to se the world on fire!

Sorry for the miscalculations!

I, too, am hoping for a 1p dividend - with an announcement with results in a few weeks time - from the £4m dividend that the company has received on the recent business sale.

It only costs £1.7m from the £4m received and I'm sure that would drive the SP much higher ....

With zero debt and saving £9m a year in interest payments too - I'd have thought £1.7m would be a drop in the ocean!

I think the roaring 20s will be back in fashion.soon too ....I'm still hoping for 21p by the end of tomorrow!

I don't think it's going to be long before we are in to the 19s - it looks like the profit takers are moving on which should open us up for a nice rise this afternoon.

Well - we've zero debt (excluding leases which are being reduced too - we've zero pension liability moving forward - we've £2.xbn recurring revenues - we've an AI product launched (just at the moment that the Government has suggested that it's AI that will grow the economy) and we've got a new CEO and CFO with proven track records.

These were trading at 35p when we had a billion pounds worth of debt on the balance sheet and a less capable CEO.

It doesn't matter what happens short term because - in any medium term timescale - we are going to return to profit, create a dividend and grow the business with AI product revenues

So - will it hold 19p tomorrow (it probably will) but I don't care ... It's not about tomorrow ... It's about where we will be within 12 months ....

And that FOR SURE is substantially higher than 18p.

@Savage - I know you are a BT fan (like me) but I'm pretty sure these will be trading at 38p (ie double today's close) before BT is trading at £2.80 (ie double today's close)

You haven't missed the bus ... Still time to add here ... Because I am honestly struggling to see any risk here now with massive revenues and zero debt (and by repaying the debt we are also saving £9m in interest payments too)

I bought a few more too - now holding 940k shares!

If this pulls back to around 18p I think I'll be adding again too - I can't see a lot of risk here anymore