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@macy - we have two regular posters on here (neither hold any stock in CPI currently) - who pretty much only post negativity. @aim has previously held stock as a trader but to my knowledge @savage has never held any stock here.

However - both users regularly post (almost daily) with a diatribe of negativity. Why would you do that? Why bother posting anything if you aren't holding any stock?

It's totally ruined this board as they continue to post often incorrect information and the LTHs are tired of combatting all this.

It would do everyone a favour if @aim and @savage were blocked by LSE because they offer no valuable perspective whatsoever.

@cabbage - it looks like you've got at least 4 aliases then considering this post got 4 recommendations and only a prize winning idiot would post the piffle you wrote this morning.

Anyway - rather than £2.87 close - we end up at £3.47 - so we'll done for being 60p out and well done to all those who recommended you!

If the Cabinet Office was about to award me a £700m contract .... If the Cabinet Office said JUMP... I would JUMP and if the cabinet office said JUMP HIGHER ...I would JUMP HIGHER.

This contract explains a lot regarding why Capita have kept a low PR profile re: Pension debacle

Looks like the Government continue to have immense faith in Capita and the team with the latest contract announcement.

Article is negative because it's being reported by the union (whose members have lost out because the Government have sensibly decided to outsource).

Brilliant win - put that in your pipe @cabbage and @aim and smoke it!

https://www.pcs.org.uk/news-events/news/government-gives-ps700m-civil-service-payroll-contract-capita

@aim - it doesn't really matter what happens short term as i don't think any of the LTHs will be influenced (to sell) ...

There are just too many positives aligning here for the SP to be below 23p including FCF, revenue growth (year on year), improved margins, positive forward guidance etc

Once the blowback has concluded on the Civil Service Pension then we will be up and away again - just one RNS saying that the backlog is diminishing should be enough ..

And if I'm wrong - and we revisit £3 - it will let me switch more of my holding into my ISA on 6th April - but I don't think I'm wrong!

Back over £3.50 for me too

@aim - why don't you pop over to the DGE board and post your negativity - lots of gloom over there today after Drastic Dave took a knife to the dividend payment!

@aim - you remind me a bit of a Dick Emery character (you've got to be of a certain age to understand this comparison but you can always Google it) ...

It was a young man in leathers and bovver boots who was trying to be taught business skills by his father ... But he was useless and his catchphrase was

I GOT IT WRONG AGAIN DAD ....

I'm of course referring to your daily wrong predictions for share price closing price 😁

I don't think the market reacted to the RNS - I think they continue to react to the Civil Service Pension contract.

We need some clear guidance on that and we will be up and away again.

@savage - and off course any losses will drop off the results too - which should improve profit and free cash flow!

@adam - I would have thought it would be good for the accounts / results as the loss making closed business will no longer be shown in the accounts.

So the last year where those losses are shown in the account is FY2024 - hence the RNS staying the position with and without the closed life and pension business.

I assume it will be those numbers that will be used to compare FY2025 performance hence the RNS

@cabbage - never thought you'd say anything I agreed with. Capita are more than capable of fixing the issues within the Civil Service Pension caused by MYCSP and I think they just need time to clear the backlog

I agree that Capita are currently losing the PR battle but that will be forgotten when the service is up and running smoothly - and that's going to take a while longer given what was inherited.

Once stable - it will not only cause the share price to significantly bounce - it will also curry immense favour within The Cabinet Office which is really important when you derive 70% of your business from Government.

So the negative PR noise is providing an amazing opportunity to buy into CPI shares cheaply ...

Don't miss the boat again (Haha @aim and @cabbage always miss the boat)

@Max - I totally agree with your summary (that it's the civil service pension that is holding this back) and that's why I keep adding .....

As Buffet says - be greedy when others are fearful - so I'm still being greedy and adding daily! Nothing to be fearful about here (anymore).

Looks like AH performed a masterstroke offloading the Capita One for £110m and the sale of the education software business was genius too.

There is not way we should be at 23p at this point in the cycle ....

@cabbage - the more CPI you buy below what Royal London paid - the more you save compared to what Royal London paid - so YES - the more you buy the more you save!

Unless you think Royal London are a bunch of foolish schmucks who have been riding their luck since 1861 (the year they were founded) 😁

23p old money - can't believe it - either I'm very wrong or the market is not assessing how this company has been turned around by AH and his excellent team.

I bought some more this morning - can't believe Royal London bought 5% of the company at £3.95 and I can buy the same share for £3.50 AND not be locked in for a 5 year period.

Definitely time to remortgage the house and get more shares here!

@aim - I was one of the people calling for £4.20 / £4.50 by end of January and I misjudged because I hadn't factored in the blowback from the Civil Service Pension debacle.

So - for the time being - we are below where I thought we would be BUT BUT BUT it looks like we are making huge progress at clearing the Civil Service Pension "fatburg" and I would expect very strong positive momentum as the market begins to understand this.

We've hit £3.66 resistance about 4 times on Friday and I fully expect this to be breached early next week with a confident return to the £3.80 - £4.00 trading range ..

THEN all eyes will focus on results and - if the free cash flow is real and forward guidance is solid - then £4.50 will look a bargain....

This business has finally turned the corner and it's only you and the cabbage that are doubting this!

I think it's on about it's 3rd or 4th attempt to break £3.66 resistance and it looks as though we are almost there ....

It's a pleasure to be posting on LSE without the toxicity of the 2 clowns ....

@Capitalizer - I think the way to look at it is that not every case in the back log is equal ... So not every case in the backlog takes equal time to process ...

As we are processing the most urgent cases first means we are almost certainly processing the most complex claims first...

We are basically clearing the "fatburg" from the blocked pipe and once the fatburg is out the way - everything should start flowing much quicker ...

I know the backlog is growing ... but we've also processed a hell of a lot of complex cases ....so I think there are reasons to be optimistic!

10th March could simply be a realignment - the date was getting progressively earlier in March each year and it would need to realign at some point.

Or it could be to give them maximum time to sort the Civil Service Pension (not wanting results to be clouded by this issue) and they want to report really positive progress towards total resolution (although I don't think they will have it totally sorted before end of June now)

Something with the call centre business (ie sold off / managed for value) is a possibility as that is one of the last few remaining things "to do" on the turn around list (as I don't think the call centres are profitable - in fact I'm pretty sure they are loss making).

If the call centres could be "managed for value" then their losses wouldn't need to be reported during transition too!

I'll take the £10/share offer though if it's still available 😁

I just added some more this morning - this should start rising into results now

@Marcus - it's unlikely to be IR as they can't even say BOO to a goose 😁

I think we've got to be looking at a minimum of £10/share at that would leave AH with a cool £10m profit to go sailing with.

I think the last company that AH and Staveley were involved with (SDL) was transformed by AH and share price rose from about £2.50 and was sold out at £9.50

Staveley recently suggested Capita was worth about £1.4bn if the Government and Pension divisions were IPO'd (he's previously suggested the call centre business should be sold off or as AH says "managed for value") - so that values us at north of £10/share.

Some have suggested £15/share and I hope they are right - but everything points to £10/share from what I've seen, heard and read