Member Info for Trenners

@danielh DODL is fabulous if you have a small holding and would work really well with the MF article.

Its not suitable for day trading really because you can only deal at 3pm each day.

Also not suitable for very large investments.

But to dabble with small investments - perhaps adding weekly or even daily - it's quite good.

It makes sense if you use DODL - like I do - as it is FREE to buy and sell - no dealing charges at all (only stamp duty).

OK - there is a minimum monthly charge of either £1/month or 0.15%/annum of shares held - but it does give you the flexibility to buy and sell daily if you want.

I've been using them since launch, last April, and I've got a. ISA and Pension and General Investment account with them and, funnily enough, I've been thinking of buying some Vodafone shares again recently (hence why I'm looking at this board).

Anyhow - with DODL the article isn't total nonsense!

@Nic62 - I totally agree with everything you say but stocks (and especially this stock more recently) rarely go up in a straight line and we've got quite a few weeks trading before (hopefully good) results in early March.

The rally of shares since the New Year has failed to fully transfer into CPI share price yet (compared, for example, of lifting airline shares by about 25%) .....so unless we get some good news before trading .....or the rally just keeps rallying ... Then there is every chance of a pull back here.

So, with a pull back, how low do we go? 24p seems extreme (unless the FTSE crashes back) but I would have thought somewhere in the 25p / low 26p region would seem possible.

In the medium term, (ie Results in March, Half year results in August), this is only going UP UP UP for all the reasons you state .....

However, as I read the other day, better be at the bus stop 10 minutes and get soaking wet (ie invested in CPI before the rise) rather than arriving at the bus stop 10 minutes late and missing the bus altogether.

Just take the view .... If we return to 25 / 26p it's a good opportunity to buy more because this is going UP this year ... Of that I am convinced!

Trenners

@NIC62 - it's just a view from a technical analysis perspective. The thing is, though, that many people follow TA and therefore these predictions become self fulfilling.

I've been concerned about our lack of progress through 28p and 30p now for the last few days ..... and until we've pushed through those levels we are at a sort of crossroads.

Having said that - I'll definitely be adding again if we get back to around 24p.

Patience ... That's all that's needed!

@GMAN12 - JL did an interview with the Mail on Sunday on 10th July 2021 where he suggested the CPI share price would be circa 97p by July 2023.

Even if he's 100% wrong then 50p in July would be fabulous but, the way things are going, I don't think he's going to be 100% wrong!

Like Know() - I'm sitting tight for at least 40p before considering any profit taking / top slicing.

Trenners

@GoCPI - totally agree that patience is the key to this share that moves very quickly when it wants to!

I was just trying to make the point that the share price is at a bit of a crossroads at the moment and it will be interesting to see what happens here when the New Year euphoria wanes a little?

Having said all that - good we broke 27.6p today

@Philorkil - thanks for the revised resistance - my comments still hold true then in that we really haven't managed to push through that trend line.

I'm sure this will rise into results (late February into early March) .... But with the FTSE almost hitting all time highs .... And a few weeks between now and results... There is a strong chance of a retrace.

I'm not looking to get in here lower (already holding so many) so I'm not trying to deramp ... I'm trying to be pragmatic/ cautious.

If we do break 27.52p then - I expect 30p to be quite resistant too ... So, to my mind, no rush to add loads more here for the time being

Trenners

I'm a little more cautious with CPI failing to break out above 27.6 despite the FTSE having a good run from New Year.

Unless we can convincingly push through into the 28s then there is every chance this is going back to 25p. That wouldn't be good news for me (as I'm a long term holder with 300,000 shares which I'm not prepared to gamble with).

However - if I held no shares I'd be looking for either a drop back to below 25p or a convincing break above 28p.

Sitting below the resistance line (with few attempts to breach it) does not bode well imo!

Trenners

I think 27.6p has, so far, proven difficult to crack and, even if that does give way, 30p is going to be even tougher.

I've taken a profit from the extra (trading shares) I bought at 23p before Xmas but am still holding 300,000 for the longer term.

I'm confident that this is heading in the right direction but it's never wrong to take a profit ... And on a couple of down days next week (when the New Year euphoria subsides) we could easily see this back nearer 24p than 30p.

I think we'll look back in 2024 and regret not betting the house on this share .... But a profit is a profit and you've got to respect that!

Trenners

.... What levels should we be watching closely?

This seems to have a renewed vigour in 2023!

Trenners

@Culley01 By any measure - holding CPI throughout 2022 has been disappointing and (with the price falling through the floor after the terrible Xmas 2021 update) a tad expensive (although I suspect many averaged down - including me).

It's understandable why patience is wearing thin here now as we simple wait and wait for more progress and more updates whilst the share languishes in the 20s.

For me - I don't see this above 30p now much before the August update as, with patience running thin,any PIs sell into any rally and without huge II interest I can't see what's going to drive things forward.

Trenners

.....this is beginning to look like it wants to take a step forward in recognition of last week's excellent results.

Fingers crossed for a long long overdue CPI rally this week.l!

@Culley01 - I sort of had the same idea and, like you, it hasn't worked out as planned. I intend to wait for 26p and bank the £3k profit (if it ever comes) as I fear this will drift (like it did earlier this year) until results.

Could do with a Santa rally this week - but I'm not holding my breath.

Trenners

Well .... If history repeats itself (it often does with this share) .... Then I would expect an 8% plus rise for a few days now ..... Until we at least hit the 29p / 30p region.

With a Santa rally (who knows if we'll get one this year) then it's possible that 30p could hold which would enable us to get to 40p ahead of March 2nd results.

The thing is that this share really moves when she wants to and the results show huge upside potential with the possibility of a Santa rally boost too.

I can't see the point of rushing for the sell button too early (a mistake made by loads of PIs) when so much reward (against so little risk) is available now.

Yesterday I was worrying about dropping into the teens - today, my prediction of 27p by the end of the week (30p by Xmas) is looking cautious based on today's price action.

Merry Xmas

Trenners

Well I'm going for a cautious 27p by the end of the week and 30p by Xmas based on a solid update.

Trenners

.... Well I'm expecting loads and I'll be really disappointed if they let us down again this year (like they did last year).

It was about 45p going into last year's TU and, from what I can see, things have only improved since then so a 23p share price makes no sense.

This is an unloved share that's priced to go bust ....but I think if it was going to fail ..... It would have failed by now .... And the most pessimistic must see value in the low 20s surely?

Trenners

Trenners

..... I do hope that's the reason we are seeing this drop as, given what we know (regarding debt repayment and money banked from business sales), given what JL said last July (97p share price by July 2023) and given we were 27p only about a week ago ....

..... It's really odd what's driving this collapse in share price as we approach the TU which, all things being equal, most surely be positive?

What is going on?

Trenners

It's a great opportunity to keep adding more shares.

Dividend is just around the corner, companies don't come much bluer chip than BT, can't believe we are almost back at Covid prices ....

Sale of the century ........

This would be an ideal time for Draghi to further increase his stake, average down, take this over and break it up!

In the meanwhile (whilst we wait for the Draghi move) ... Keep buying more and keep taking the dividend

Having said to @Wednesday, the other day, that I wouldn't be adding anymore - I took the view that sub 24p was just too low so added another 42,000 this morning as I thought the Pay360 news was really good.

I'm hoping, when the market digests the news, we will see our return to the late 20s and, I've also lowered my average a little too.

I still have great faith here but it does feel as though we have a background seller (again) so my additional purchase is not without risk.

@Wednesday I'm pretty exposed here too (300k shares at 29p average) but I feel some comfort in that the CFO bought at 38p a while ago and Schroeder's, of course, built a huge holding at 46p.

Part of the problem we have is that Capita is unloved by the city and the share price tends to drift as a result of this. However - I do believe the turn around is complete and I also think this is a good share to hold in a deep recession (as our contracts will continue delivering revenue and, hopefully, profit whilst other businesses struggle).

Finally there is always the hope of a takeover (two hopes maybe ... Bob Hope and No Hope ??) and I can't see this being sold for less than 60p a share (because Schroeder wouldn't allow it).

I invested because I followed the Schroeder money (and I also think Simon Cawkhill is a big believer at anything less than 40p a share). .. I'm not buying anymore because I think 300k shares is enough but equally I'm not selling and I just think we need to be patient for a little longer