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@Xenor-its absolutely ridiculous to suggest this will never see 20s again
160m pounds worth of cuts are proposed which see us returning to FCF in 12 months.
What are you basing this assertion on? Are you saying there is a greater chance this goes to o than 20?
She just sold-Jon Lewis appointment. Is she going or something more sinister?
Capita announces today that Claire Denton has been appointed to the role of Chief General Counsel and Company Secretary.
She will report directly to Chief Executive Officer, Jon Lewis, and will sit on the company’s Executive Committee.
Claire, who will join in March 2022, will be responsible for Capita’s legal function and company secretariat.
She joins from Aveva Group where she is currently Group General Counsel and Company Secretary.
Claire has more than 20 years’ experience working in the legal profession.
After qualifying as a solicitor, she also previously worked for Numerica Group, Interserve and Hughes Network Systems Europe.
Jon Lewis said: “I am delighted to welcome Claire to Capita. Her considerable skills and wide-ranging experience at a range of companies will be of great benefit to the organisation.”
Claire said: “I’m excited to be joining Capita as the company continues to transform; and I look forward to being part of the team.”
Capita’s current Company Secretary, Francesca Todd, will be leaving the organisation at the end of 2021.
Jon Lewis said: “Francesca has made a huge contribution in the 15 years she has spent at Capita. On behalf of the Board, I would like to thank her for all her hard work and commitment; we wish her all the best for the future.”
Richard Swan will be Acting Company Secretary until Claire Denton’s arrival at Capita.
@NoFear I take no solace in anyone losing money, whether it be you, the pope, or Adolfo Hernandez. Id rather everyone did well to be honest and what we have here is a trader's share , Why do we have a traders share? Because the turnaround was much exaggerated imo
Sorry a few typos
Thanks GoCPI
I cant comment on Tim Weller . I don't know whether he in practice had much say and was just doing what he was told.
But if they can find 160m worth of savings in a few weeks it kind of begs the question why couldn't JL and TW do this? We don't know what the blockers were do we so it would be unfair for me to comment
However I am resentful towards the BOD for making it sound like we were on track , that the turnaround was virtually done and the platform for growth had been now laid and it was take-off. I invested a lot of money on the back of this and quite evidently (via the cuts that have now been announced) this was not the case
I've protested to IR and have been told that the SP is very much on the Board's mind. What they will do about that, I dont know
How difficult can it be with 3b of revenue to run a tight ship to make a low margin business work? Surely not that difficult. Be selective on property, have a much reduced but motivated staff
I have been part of businesses that have increased profits substantially by being rigorous on costs and I hope this is coming our way but a dividend during 2025? I'm not so sure. I'm praying this doesn't go bankrupt at this point , like Carillion