Member Info for Trisor

Still a decent buy

As predicted-Adolfo buys in

yes jon. please kindly ****adoodledoo off

@capitaliser

****adoodledoo

@Culley and Kipper-Adolfo has been utterly scathing of Lewis reading between the lines in my opinion

If the general market tanks then this could fall to Aimmasters 14 p target .

What I don't get is that this was to a certain extent expected. So why the extreme hissy fit? Im expecting to see more RNS's shortly. I bought in another 5k today at 15.90 odd. Ive got another 15k I could invest but nervous to do so now

What's your view please?

I think the penny has dropped for Adolfo and he has probably had a stay of execution from Shriners as he works up his strategy paper.

Terrible day for me personally.

CEO Adolfo Hernandez says: "I am excited about the opportunity for Capita and can already see a range of areas where we can unlock value. Our 2023 financial results have demonstrated some progress. However, we have yet to deliver the operational excellence that will enable us to create the right platform for future growth or achieve our full potential for the benefit of shareholders."

Chaps, there is hope. Adolfo looks determined and has grasped the issue on costs.

I wouldn’t blame anyone for selling though. Dire day today. He has kitchen sinked it today which is a good thing. Strategy to follow in June.

Would be interesting to see what Shroeders do…no doubt Adolfo will have been all over them

Quite frankly a bid of 30 p per share would be good enough for me

What on earth have Jon Lewis and the board been doing?

Absolutely useless.

On the plus side , I see a determination in Adolfo’s eyes. I think he will be making some waves but it might take time

I’ve just written a quite an empassioned email to IR. It made me feel better momentarily

Well at least the video was good

Sp plummeting . Long way back for this now

Contract wins

Total contract value won £3,036m (2022: £2,593m) driven by strong performance in Public ServiceBook to bill ratio 1.1x (2022: 1.0x)Contract win rate across all opportunities improved to 62% from 57%. Material improvement in win rate on new and expanded scopes of work from 32% to 70%, reduced renewal rate reflecting pricing discipline across all bids

Outlook for 2024

2024 revenue expected to be broadly in line with 2023Modest improvement in operating marginFree cash outflow £70m to £90m after c.£50m cost of delivery of efficiency programmes

Strategy update to follow in June. That better be good

There’s obviously a good pipeline of work but I agree with others. I think many will now bail and I don’t blame them.

Personally I can’t. I have to wait.

We need to deliver a rapid reduction in our cost base and are on track to deliver the net £60m annualised cost savings, from Q1 2024 as announced in November. Today we are announcing further material efficiency improvements of £100m to improve our competitive position.

"We have strong foundations and the opportunity for significant growth in the medium and longer-term. I look forward to sharing more details on Capita’s future strategy in June."

I read that revenue was broadly stagnant after non core business sales which is a good thing. Revenue has therefore grown to offset. But I may be mistaken . It’s War and Peace

Not really sure what to make of this…I’m not an accountant. I can see 2023 wasn’t a great year but like the cost cuts and rationalisation of property . Much needed. How will they fund the 100m cost cuts exactly?

Lewis what have you been doing?

At least all the bad news is out and now we just have to wait.

I'm neither -I'm a LTH with a sense of humour and a wish list