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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?

The new CEOs name is Adolfo Hernandez and he's previously worked at Amazon Web Services (AWS)

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)

@Xenor

The market is also very impatient .... Far to many people playing CPI for a few fractions of pennies here and there ....

The people who enjoy the 7 bagger (if it ever were to appear) would not be the folks who sell out as soon as the share moves up by 0.5p.

Schroders are holding millions and millions of these and that's good enough for me ... follow the money

@beachfeont

Yes it looks like your sell has put a rocket under this!

I can't see the point, personally, of selling out here at these levels with directors buying at 16.6p etc and Adolfo on the horizon ...

I honestly don't think we need much more patience to reap some reward

Lots of gloom on here today .....

I can't believe we are still talking about the data hack after nearly 7 months, £25m provision and confirmation that Capita had cyber insurance (which will cover any class actions).

Overall market is depressed (like the CPI holders) .... But this will come good (probably a lot quicker than the doomsters expect).

Good to see GOCPI back too ....

@Capitalizer

Yes - that's me - average in the mid 20s and heavily invested (which makes any further averaging down pointless due to the quantities involved to meaningfully shift the needle).

I am hopeful of a positive December update though as some of the business sale monies missed the H1 / June 30th deadline which should show in this update.

I agree the IR response to my email confirms that there will be more exceptional items at full year (March 2024) so it does look like August 2024 before real progress.

Having said all that - a mid 20s average here is to absolutely die for historically - so I'm certainly not going to bail and accept any loss on my investment.

JL suggested these could be trading at as much as 97p within a year or two (when he did that Mail on Sunday interview in July 2022).

I'll forgive JL if we have to wait until August 2024 for the 97p share price 😁 ha - actually - I'd be happy with 97p by December 2025.

Market is totally bust at the moment - most shares are down 30% or 40% from the spring .... This is not a lot different at 50% down since May 2023.

@Xenor

It's just drifting with the market - albeit downwards.

We need news and, in the absence of Adolfo announcing he's joined the party, we need to wait until early December for a trading update that will almost certainly move this upwards .....

@JG68

I think what gets this moving back up is

a) Adolfo starting and hopefully buying a few shares along the way

b) A positive update in December

c) Beating market year end expectations of free cash flow and debt

d) Adolfo laying out his vision for the company and how AI is going to be used to reduce costs and increase profitability.

Until one of the above happens ... I think we are stuck in a 16p - 18p range