Member Info for Trisor

Siddiq resigns in wake of corruption claims. Labour judgment -negative numbers. Hopefully Reeves next.

Pulled this off the internet:-

The law of defamation aims to protect reputation, and applies to both individuals and companies.

There are two different types of civil claims for defamation:

libel - which relates to the publication of a statement in permanent form, such as in writing, but also includes broadcasts or stage productions;

slander - which relates to the transient publication of a statement, such as by way of speech, but also includes gestures or conduct.

What does a claimant need to show?

A claimant needs to show that the statement complained of:

is defamatory, meaning that an ordinary person would think worse of the claimant as a result of the statement;

identifies or refers to them, and

is published to a third party.

As defamation is a tort of strict liability, there is no need for the claimant to establish that the defendant had an intention to defame

All caused by Labour. Their budget delay, their budget

Do they have any people with the necessary expertise to run the country's finances? Extremely concerning. Business confidence is plummeting and investors are selling the pound as a result. But at lease RFA brought home the lifechanging £120m per annum from China. You know who is laughing his head off right now. One Rishi Sunak. Bright guy. Ex Goldman Sachs. Bailed us out when Covid was set to destroy the economy. Starmer wanted us to lockdown for longer. It's all about state control and reliance for the Labour party

Truss' delivery was all wrong-not including the OBR -a problem. But what is the BOE role in all this? Questions remain unanswered

@ JG 68 -re your comment

Trisor

I think one of his aims is to deter/prevent PIs new to cpi from investing in them.

We only have to go on what the Company has told us and Savage has made me very unsure as to whether invest further. Is this about his own timeline or does he really mean Im going to lose all my money? Please can you raise my concerns caused by Savage Keyboard that Capita is about to run out of money by March this year and that they have fabricated the 5 billion potential pipeline, cutting of costs and well received AI related products. Many thanks

Keyboard running scared now. Spent the last few weeks telling people invested Capita is going down, claiming his motivation is the rampers.

That's no motivation at all. Once I make a decision not to invest I'm not on that board continuously. In addition, there are no real rampers here . There are people who repeat what the Company has told them about pipelines and AI but that's not ramping. If you go on every LSE board available you will find some real rampers. Are you on those boards too?

JG -Keyboard is spreading this Capita stuff on other boards too? Or spreading similar stuff about other companies too?

Keyboard you dont know how defamation works do you? The main defence is Justification. Look it up.

I dont know what your game is but if Capita take action you will be forced to reveal yourself

You've specifically made reference to Capita mostly spending all the Capital One proceeds and have insinuated that Capita in in its current form will be no more by March

Ive never seen such hatred towards a company you are not invested in. Your motive remains unclear

StarmerHarmer on RFA:

He said: “Rachel Reeves is doing a fantastic job. She has my full confidence. She has the full confidence of the entire party.

LOL

Savageshorterandexcapitaemployee we already know about the sale of that loss making company. It's non core

Rachael from the Luton retail branch of HBOS makes Truss look like a Nobel economics prize winner. Worst thing in the Conservatives had Covid and a war in Ukraine to contend with and still this country started to grow faster than most G7 countries. Why? Because as taxes got cut people were coming out to spend. Labour has killed the economy stone dead with its socialist ideological policies

Starmerfarmerharmer and Rachael from accounts will want early AI wins . Christ they are useless

Trump will signal a slash in interest rates imo …

Total cost savings by end of 2025 projected to be 250m and some of the loss of revenue was attributable to the sale of Capital one which would not have been factored in to the August RNS. Unfortunately there has also been the headwinds caused by Labour's budget and for the budget and also there was some revenue which was expected for 2024 which didnt materialise but will in 2025. Please refer to the December RNS. good luck

Keyboard I don’t know what’s wrong with you but there is seriously something off about you. I hope you get better whatever it is.

As AH has said the focus is on making existing contracts renewals more profitable rather than winning new business on low margin terms.

The 95 percent renewal is relevant because of the bogus cash flow argument you were trying to raise. The cash flow is in those renewal contracts

Others are right. I’ve spent too much time talking to you. I’m out of our little conversation. I don’t know what’s wrong with your agenda and purpose is but I hope you get the help you clearly need

Ive now realised Keyboard that you havent got a handle of the detail. Goodness me

From the half year-lets see if you can find the reference to 95%

Growth

In the first six months of 2024, a lower value of bid activity resulted in a reduction of Total Contract Value (TCV) won across both divisions. In H1 2024, the Group won contracts with TCV of £934.4m, down 29% from £1,317m in the same period in 2023. Reflecting the reduced TCV won, the Group’s In Year Revenue (IYR) generated from the wins in H1 was 36% lower at £391.6m. The Group’s book to bill was 0.8x (H1 2023: 1.0x).

Significant wins in the period included the renewal of contracts in Capita Experience with two major European telecoms providers, one with an expanded scope, with a combined TCV of more than £250m. There was success in the Defence, Learning, Fire and Security vertical of Capita Public Service with a further expansion of scope on the Royal Navy training contract with a TCV of £81m.

In order to improve the Group’s margin performance in line with the medium-term operating margin target, we remain focused on ensuring that contracts are bid at an appropriate margin. As such, we have seen a reduction in total win rate to 48% from 63% in the same period last year across all opportunities.

Renewal rates increased to 95% from the 69% seen in H1 2023 but there was a reduction in the win rate on new logos and expansions of existing scopes to 34% from 57% in 2023. Improving the Group’s win rate on new wins and expanded scopes is an area of focus for the second half of the year and into 2025. However, we are focusing efforts on our priority markets and service offerings which will deliver our medium-term operating margin target, which may limit revenue growth in the short term. We expect to see improvements in contract win rates as our partnerships with hyperscalers are fully embedded into our contract offerings and as our pricing becomes more competitive through delivery of our cost reduction programme.

Keyboard I said the 95% renewal reference was in the half year results-have you looked at those?

As for the rest of the piece I quoted it completely contradicts everything you say on here and is directly from the CEO

Your credibility and that of your Labour friends are shot chap

Keyboard its in the half year results-check it out

This is from AH in the latest RNS update

Capita One, with improved margins driving an unchanged operating profit outlook. In 2025, we expect additional savings to offset the £16m of in-year incremental employers’ National Insurance Contributions costs (£20m on an annualised basis), and to deliver further margin improvement and modest profit growth. The up to £50m additional cash restructuring costs to deliver the up to £250m upgraded cost savings target are expected to mainly impact 1H25 free cash flow.

Adolfo Hernandez, Chief Executive Officer, said: “As we head towards the end of my first year as CEO of Capita, I am very encouraged by the progress we have made against our strategic priorities, despite the impact of prior year headwinds being larger than originally expected. Our focus is on becoming a better business, “getting smaller to get stronger and fitter to then grow” and being more selective in not pursuing and exiting existing lower margin contracts. Consequently, revenue is expected to be high single-digits lower in 2024. However, we are encouraged by the customer reaction to our suite of AI solutions developed with the hyperscalers which will help to drive profitable revenue momentum from 2025 onwards.

We have implemented a significant proportion of our efficiency programme, and today have outlined further savings which will result in further improvement to operating profit margins. We have made good progress with the managed for value businesses including the sale of Capita One in September and we look forward to 2025 with expectations of continued progress with positive and consistent free cash flow2 from the end of 2025

Savage when you say Capita are short of cash-please can you provide the documentation showing customers are not paying for services provided and that Capita has spent all cash in the bank?