Member Info for Trenners

@snowy122 - what I think is:

If you've invested your retirement fund in this donkey then I really hope you are no where near retirement age!

LOL

But, as they always say here, 'you wouldn't want to be out over the weekend' - I'm getting a T shirt printed with that #THG motto! :)

@Aim There is a difference between LOWER (eg £190million) and SIGNIFICANTLY LOWER (eg £100million).

I don't think the ESS comparison is fair as that business was 'on it's a**e and in need of substantial investment to bring it's technology into the 21st century.

You harp on about that £100k profit (after exceptional items were written off) as though good financial planning and accounting practice is a business mistake! Even though that 'mistake' saved thousands in Corporation Tax.

Probably no convincing you .... But this should not be trading as low as 25p / 26p given the revenue, assets and profit that this company owns / creates.

@Aim You make the assumption that Pay360 will be sold significantly below the asking price. You also point out how profitable Pay360 is.

Capita have no need to execute a fire sale of any of their assets so why would they accept a low ball offer for a profitable business? Answer: They wouldn't

So what all of the LTHs want is that PE offer close to £200m for Pay360 and that the share price group rerates to a more sensible valuation.

It's crazy that we've got assets up for sale at £200million that create good profit when the whole group is only valued at £463million.

That can't be right!

Interesting piece in Mail On Sunday suggesting the asking price (being sniffed at by PE) for Pay360 is £200million.

That would be an amazing price (considering the whole of Capita is only valued at £463 million at the moment) and would surely light up the share price if an offer for anywhere near that amount was received?

Anyhow - nice to see Capita in the Sunday papers again - that can only help the share price!

@AimMaster - my last attempt to reason with you (although it's like talking to a brick wall) what background seller? Volume has been incredibly thin since the results.

Negative media? A few outlets, like you, misrepresenting the profit figure but overall it's been reasonably positive.

And the important thing is that the analysts are, broadly, maintaining their targets and guidance.

What's not to like?

@AimMaster Are you deliberately misrepresenting the profit so that you can clobber CPI?

Yes - the reported profit did drop from £261 million to £0.1million BUT only after it had been ADJUSTED to take into consideration the one-off costs attributed to the sale of some of the businesses.

This ADJUSTMENT was very good financial planning and saved the business tens of thousands in Corporation Tax.

Do you really think this share would still be sat just under 26p if the profit had really dropped from £261million to £100,000? Of course not - we would have been crucified and would be sitting at nearer 15p.

John Lewis makes reference to people misrepresenting CPI in his internal memo to staff. You are obviously one of them.

.... And it's getting pretty dark in here!

I guess, like everyone else, I'm so far down on this share that, looking up, I can't see the hole I fell through!

Anyhow - no point selling now - would rather use the THG shares as drawer linings (at least I'd be putting them to good use) ....

And every extra penny this falls is fully tax deductible!

We must be approaching the point of capitulation (although I've thought that since £1.50).

Hold onto your hats!

I assumed it was an internal email as it started 'Dear colleagues' and it read as though it was a CEO addressing his troops.

I may be wrong - @Mylordflashheart please can you clarify?

@Crowman I couldn't disagree more.

Yes - we didn't break above 30 (which is what I predicted and hoped) but I also think if we were heading back to 22p then we would have dropped another 8% or so today (which we didn't). We actually were share price positive for some of the day.

So a disappointing couple of days (share price wise) but I think we will see this stabilise and trade in the 27p to 33p range over the autumn and, with a positive December trading update, I would expect us to push upwards towards results in March 2023.

If you are waiting for 22p ... You may have a long wait.

PS: I'm even more confident by my words having just read the internal briefing to Capita staff.

@Mello_ (or should I call you AimMaster?) ....

The number of posts, irrespective of content, was beyond normal and indicative of someone who should consider checking themselves into a lunatic asylum.

The AimMaster ranting over the weekend is indefensible (whether you agree or disagree with anything he says)

Which is why I'm questioning whether Mello is really AimMaster .... Or perhaps you are schizophrenic?

Right or wrong - AimMaster spent far too long, across far too many posts, attacking CPI over the weekend.

If he had simply written 1 post providing an analysis of CPI from his perspective....

.... He would have created a lot more credibility than spending the entire weekend jamming the LSE board with his deramping messages.

All LTH of CPI will be rewarded as this share finally returns to 50p+ - where it rightly belongs.

Don't believe @watsocurring for 1 second .... First post on LSE and he's managed to bag his profits on Thursday .....

Absolute twaddle .....

With the number of posts on here this weekend - anyone might think that CPI have just received a hostile takeover.

Instead we have (possible?) Investors whining about the accounts ....

It doesn't matter what the accounts say ... It's what the market thinks (and they weren't too happy yesterday).

However - once the dust settles I would expect us to revert back to the slow uptrend. Whether 30p gets breached any time soon is a completely different matter of course

GLA

Evil has always been a big fan of Capita and he pops up, usually at this time of year, reiterating what a fabulous deal Capita shares are at less than 50p.

Then he goes quiet again - and the Capita shares languish.

Looks like we've missed the opportunity for a bounce through 30p today so the long wait for the March 2023 results begins!

Just hope they don't issue a December update this year!

Trenners

.... It would be good to see this burst into life this afternoon as it seems to have been held back this week.

I was hoping good results would mean we would quickly head to a breach of 40p then 50p.

At this rate we are only going to breach 30p on results then there will be loads more waiting (until March 2023) for finals.

Trenners

Beauty is important, Protein is important BUT surely the serious money will be made if Ingenuity is massively successful as that will create huge, huge amount of passive income.

My guess is that they are going to use Beauty and Protein as cash cow businesses (milking them for all they are worth or selling them if the bid is high enough) to fund, support and grow Ingenuity.

Without Ingenuity we are just another (albeit large/successful) online retailer but with Ingenuity we could be a cutting edge IT business.

I didn't invest for beauty or protein - for me - Ingenuity is the goose that will lay golden eggs and, if I'm wrong, beauty and protein will support my investment.

Ha I must admit that my investment is in serious need of resuscitation at the moment!

However I do have immense faith in the new CEO at Ingenuity. Just need him to start delivering now!

Trenners

.... To add at these prices which is less than PJ paid (£1.63) in May 2021 and the French billionaire (£1.80) in June / December 2021.

And we get a 5.39p/share dividend as long as we hold until the end of the week.

The thing is that this will be in the £1.90s / £2 range within a matter of months (if not weeks). So it doesn't matter, short term, if it dips a bit .... As it's nailed on for a 20% profit or more before year end.

And the lower these go ... The more we should all buy .... BT are a rock solid investment and isn't going anywhere other than UP.

I'm buying as many as I can before ex-div date.

Trenners

@Option1 - Melrose is a great share but it has always made big movements (up and down) for no apparent reason - sometimes shifting 10% or more in a couple of trading sessions.

Not for the feint hearted - but it is a really well run company with significant assets and any purchase in the £1.40s or below will reward you handsomely.

Management last bought shares at about £1.34 and they are usually very astute with their purchases.

I wouldn't worry about the lurching about too much - and I will be adding more if we get back around the £1.40s

Trenners

This is going to move UP and move UP quickly as the week progresses.

Whenever we approach results it starts to get twitchy and we should see some rapid movement UP soon ....

I would like to see this acting in a very bullish way as we approach Friday morning ....

This is definitely now ready to seriously breach 30p again

Trenners

I think you've undercooked it!

I'd be astounded if this doesn't clearly break through 30p by the middle of next week and ahead of results.

Assuming results are as good as we all hope and assuming it behaves in a similar way to last year - it's possible we will see 39p by the end of the week and 50p by the end of the following week. That's exactly what happened in 2021.

So I'm looking for 39ish close on Friday.

If we get into the FTSE 250 in September then that's the momentum to finally breach 52p and head for the 60s

Trenners

An interesting article which most, including me, are going to strongly disagree with on here.

However - he does have a point regarding the management focus on separating division at a time when, perhaps, they ought to have an eye on how they are going to grow revenue streams and move to profitability as the pandemic wanes and people return to the High Street.

If M&A or strategic partnerships or floating individual parts of the business is going to be the way we move forward (which I assume it is) then separating the divisions makes enormous sense and delivers on a previous promise.

However - if M&A doesn't materialise, if strategic partnerships aren't formed and if the current environment is conducive for floating off divisions - then the writer of the article may have a point in that the management are reorganising the deck chairs as the boat sinks!

Having said all that - I can't see how he can suggest that the share price has for further to fall given the cash at bank, valuation of the individual businesses and, at the moment, quarter on quarter growth.

An interesting perspective, though, from someone who hasn't been invested in this and is considering whether to buy or not.

Trenners