RE: Two full trading days to go.......5 Mar 2024 10:00
Dear Market
Things have been highly crap. We racked up serious debt. Had shed loads of one offs. My mentor, John Lewis, reduced the debt and has been instrumental in improving margins on contracts but growth hasn't come. No FCF.
I'm here now and Guess what
1. Anticipated FCF this year will be £150m thanks to contracts and more revenue and anticipated wins this year. Bully
2. Debt will continue to be paid down
3. We are rationalising our real estate portfolio and reducing our liability
4. My employees love me and I love them. I'm woke and proud
5. But I'll probably sack a few
6. I'm settling this pesky IT case by making a payment of £12.5 m
7. No fine . It wasn't really our fault , it was the Russians
8. Plan is to expand into and grow the Europe and Asia offering
9. I'm using this AI things to improve margins. Mates at AWS are helping me out and giving me some tips
10. Oh and finally, because of all these things you the poor , downtrodden shareholders can have a dividend this year
11. Sorry, one further thing. I'm sinking in £250000 of my own hard earned wonga just to show you how confident I am
#Capitaisbetter