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@Stumpy
I think you'll look back and wonder how on earth you managed to get a stake in Capita for 19p a share.
I remember many a trader on here that made a healthy living buying Capita in the late 20s and selling in the early 30s - and that wasn't many years ago.
Why on earth the market punished us so much for mediocre half year results (back in August) is anyone's guess.
I remember Odey selling out his 3% holding at 27p a share a few weeks before results and it looked the bargain of the century at that price.
Your 19p purchase will be handsomely rewarded - if not in March then soon afterwards - just a short waiting game now.
I say a short waiting game as I've been waiting two years LOL
@Lordy
I'm convinced our patience will be finely rewarded.
I remember buying and selling these in the 30s, 40s and 50s during COVID and, since then, things have only improved.
As Trisor suggested - a positive RNS or two will see this fly ... It may then retreat (as we wait for FCF) .... but this share should not be sub 20p and probably not sub 30p and possibly not sub 40p.
Just got to wait - maybe a day or two, maybe until March results or maybe to August results ....
If I'm right then we are looking at 200% or so upside by the end of the year .... Can't see many other SAFE shares in the index offering those sort of returns this year
I've been pretty quiet on here recently - waiting for Adolfo to take the reins - and I'm hopeful that the next RNS will be an announcement that Adolfo has bought 1 million shares.
I think that's the sort of news event that would light a fire under this share and give us a decent rally into the March results ...
I can't see any other news event on the horizon though ... And if Adolfo doesn't make a purchase .... I can see us drifting around 19p / 20p for the foreseeable future.
What do others think?
Time to keep the faith here - only a matter of time before this breaks and holds 22p.
Nice to see a large purchase at over 22p after hours too ...
Things are definitely going the right way here now with, surely, more momentum on the run up to AH joining in January.
I've never felt so relaxed about my massive CPI punt / investment
Anyone top slicing this at around the 22p level is making a huge mistake, imo, with Adolfo joining in January and year end results in early March 2024.
This has got a few weeks to rally now with positive momentum into Adolfo joining, a possible jump if/when Adolfo makes a share purchase and positivity into March results.
There is every chance this will be 25p or more by 31/12 and I'm still hopeful of 30p by end of February
@TerryM
"Does not bode well" .....
I'm not sure what else they could have said without pulling a rabbit out of the hat (which was never going to happen).
They've reiterated everything they've already said. The hack costs seem to be contained. The business is growing whilst being streamlined to increase profitability.
We know we've got a headwind of more 'one offs' in the March 2024 results but I'm hopeful the Adolfo factor (and his vision) will more than compensate for any negativity around that.
Just got to be patient again (only 3 months to wait this time) and have faith this will gradually rise into March results.
I'm targeting 30p by end of February 2024 - which could be massively optimistic but not beyond the realms of possibility given what we already know.
As you can gather ....I'm still holding 😁
Is it investor apathy (that is holding this back) - or is it that the city have a long memory and a lot of people lost a lot of money buying Capita stock as it plunged from £6+ to 15p.
I think the city is still licking it's wounds but I do agrees that the turn around looks complete, a solid revenue pipeline is secure and cost reduction (by whatever measure) will see this rocket as profitability returns
This was £1.70 pre COVID and there is absolutely why it shouldn't return to that level ....
The question is - how many of the current holder will still be holding (or even alive haha) when we reach £1.70 again!
If we did reach £1.70 - my 600,000 share holding would make me a millionaire Rodney!
This is beautifully poised to fly now ...
2 unexpected RNS this week, Trading update in just over 2 weeks followed by Adolfo joining a few weeks after that ...
This is looking like 30p plus by year end (and I don't think anyone would have predicted that when it hit 15p on 27th October)
Well done to all those who bravely held!
@Trisor
I don't think capita becomes a takeover target until the accounts clearly show that all these large contract wins are PROFITABLE on an ongoing / Free Cashflow generative basis.
Until then - it would be a brave man to buy a company with high revenue and unknown profit.
I think I saw Capita on a list of companies that could potentially get taken over ... but I still think that thought is a little premature right now
@Trisor
Trading update schedule for 14th December and although I think JL will present it - I would expect Adolfo to play a part.
He's due start work in Q4 so, surely, he will be in post by 14/12.
I'm not sure we will see 40p by Xmas though .... But we can live in hope .... I'd be happy with 30p by Xmas actually .... In fact 25p would be a start!
@beachfeont
I think Marshall Wace saw that you sold - that was the signal they were looking for - then they started to close their short.
Have you ever considered changing your name to lucky? First Rolls Royce and now Capita (selling both just before a rise).... You couldn't have timed it worse!
I thought 15.47p sell was a bit rash but I do understand your frustration.....
Still a very long way to go before I break even though ...
I hope the rise continues as it's about time you had some luck!
@Anything
As has been said many times before - Capita had Cyber Insurance which will take care of any costs associated with these hack claims (should they be successful).
The thing to remember though is that you can only sue a third party successfully if you can PROVE that you have suffered a consequential loss.
I suspect that most of these lawyers are ambulance chasers and the people they represent suffered zero consequential loss due to the Capita hack - so their cases will fail
@bubbles
I think this share moves around too much to hold out for £1 and I think the strategy of selling and buying back in tranches when we get into the 30s and 40s is probably a good one - certainly history would support this idea
Even though I've got 600k CPI shares at the moment - I am only currently planning on holding 300k past 50p ....
@JG68
TBH - I've never feared a profit warning here as most contracts are already in the bag so, in principle, it should be straightforward to calculate forward looking profit
I'm hoping we are better than expectations (from a profit perspective) and I'm hoping to see debt reduced as we receive the latest sales proceeds
We know we've got some more exceptional items in full year results (but the market knows this too so I'm hopeful these are already priced in to the SP) ....
Time to play the Yazoo CD I think ... The only way is up ...
@JG68
At least we are up on a flat / down FTSE day ..... And we are back above the price the directors bought in at recently.
I'd like to think we've seen the bottom now (although I know I've been saying that for a while only for us to see lower)
Good to see British Bulls switch to a buy signal though (as the tea leaves must be sending positive vibes)
I'm hopeful for some solid good news in November (AH joining) and fingers crossed for a positive update in December too ....
More than 20p here by Xmas 2023 .... God I hope so!
I know the 1.4 million is showing as a sell .... but it could equally be a buy ....
Maybe others with a more detailed view to comment.
The trade price of 16.89 would surely be higher for a buy and much lower for a sell ..... So it could be buy or sell couldn't it?
Or maybe Aldolfo starts work tomorrow?
We know he's joining in Q4 - surely a November 1st start date has got to be more likely than a December 1st date ....
If he joins in November then he'll be able to deliver his first trading update in December ....
Could the SP be moving up in anticipation of all this (because surely those on the inside know when Adolfo will start work)