RE: New short position disclosed23 Oct 2025 05:48
Aim you keep missing either deliberately or otherwise that this is a turnaround story so we are working from historically a very low base on the so. FCF is a key milestone in that journey . I assume that’s why Canaccord are calling for £9.00 in new money which would only be 60 p in old . Historically capita has been at £ 11 or 12 in old money. So the levels we are out now are at the lows give or take. So in my view each financial milestone would start repricing this share to where it used to be , gradually obviously. Ultimately Capita has to follow through . If it does, you will be burnt here. If it doesn’t longs will. So this is just as much about the direction of travel as anything else .