Member Info for Trisor

@Keyboard has moved from doom laden on CPI prospects to “time will tell”. He has been completely eviscerated on this board by me on analysis and interpretation of what the Company has said. What transpires is ofcourse yet to be determined but his analysis is totally flawed. No dealings with Capita, no investment with Capita. Yet he still posts drivel.

This is a traders share. LTH have to wait. If it comes good as I hope , the next hurdle is the Labour Party and what they will do with CGT.

@Max - thank fully we have a large number of IIs heavily invested in the success of this company ….

@culley I agree - too low. Especially as I think The management team will cut further and faster in 2025 and 2026 as AI becomes more and more embedded in our offering. The cost reductions are annualised.

Keyboard if youve ever worked for , engaged with or dealt with Capita how can you definitively imply that Capita will not make its revenue targets despite the recent updates?

Keyboard so basically now you are agreeing with me on figures but are saying they cannot be achieved. I mean I'll guess we will see We have had 8 months of revenue from the company we just sold and the statements in the RNS were made with that in mind. As investors we can only go on what we are told in the information in good faith. What you've done is a) misinterpreted the data either negligently or wilfully (b) decided that whatever the company has said is wrong and unrealistic

I'm not saying you wont be wrong , I'm saying the whole song and dance you've pulled in the last few weeks is built on your wrongful interpretation of what you have read and the bad men in your politically correct pronoun obsessed head telling you that directors in Capita are effectively acting in bad faith by painting a far rosier picture in the August RNS

@Keyboard -so lets recap and assume my interpretation of the RNS is correct. You started today suggesting the (at least) £2.5b figure I was mentioning was wrong and now you are accepting it. And that's a worst case , based on their expectation which they re-iterated in the RNS. You have now twisted to say that as they've only made 1.2 in HY1 they'll never make it. I would not consider it good form for the directors to in August maintain their outlook for the year if this was not widely expected and as contracts are pretty much set in stone , there is a 95% retention rate and there have been some wins you can easily see why we would not be anywhere near your projections

Keyboard you have been rumbled haven't you-Capita at the time of the recent RNS re-iterated their low to middle single digit percentage revenue reduction for the full year. That is as against 2023. So their expectation is that in 2024 revenue will drop by at most 5% or to £2.5b. Do you agree that is their expectation?

Keyboard single digit is 1-5. You've read the whole financial position wrongly haven't you? Is there any part of my interpretation you disagree with in terms of Capita's expectations of at least £2.5B of revenue this year. Yes or No?

@Keyboard you have it wrong don't you? I've explained my interpretation below

the Full year 2024 outlook is for a low to mid digit percentage reduction. That's 1-5%. Revenue in 2023 was £2.63b . A 5 percent reduction puts us at £2.5ish. If its lower that figure would be more than £2.5B

They've booked £1.2 b . So they expect to make £1.3b or more in HY 2

Keyboard Low to mid single digit means anything from 1-5 percentage in my interpretation. And that was against a FULL year outlook

"Trisor: So CPI booked the following revenue: 2024 H1 = £1,201.5

However in the same report it states: "2024 full year outlook: Revenue Overall Group: low to mid-single digit % reduction"

So even being very generous with applying Zero Revenue reduction then the absolute maximum Revenue for H1+H2 2024 can be said to be expected to be: £2,403

However, the report states there is expectation of low to mid-single digit % reduction and so the H1+H2 Revenue is close to certain to be booked as lower than £2,403 and the range is between 1.5%-9.49% below that level. i.e. the very lowest revenue should be £2,174 and anything below that can be said to be a terrible result because it would have been worse than the worst expectations at the time of the H1 report being released."

This is not how I read it. I took it that there would be a low to mid percentage revenue drop as against 2023 revenue. It does 2024 FULL year outlook. So they made 1.2b for HY 1 2024. The rest Ive explained my interpretation

@JG the some of the 55m revenue will go for Capita this year-I think 13ish if the 1st Jan -31st december

Culley I didnt read it that way

Low to mid single digit percentage means 5% max drop in revenue or £130m

On the basis that we made £1.2 b in HY 1 we have to make at least £1.3b to hit a 5% drop

If the percentage drop is less than 5% then the expected revenue would be higher than £1.3b. A 5% drop from 2023 takes you to roughly 2.5B

Anyway its much of a muchness even if my Maths is a bit out

@JG "2024 full year outlook: Revenue Overall Group: low to mid-single digit % reduction". If revenue was £2.63b in 2023 where do we think low to mid single digit takes us

You work it out Keyboard-JG is right. I'm not engaging with you. They have previously said they expect their to be higher revenue in HY2" -even on your numbers its 2.406. Get a life chap, honestly. No investment. No dealings with Capita

You are also talking crap on AH’s record. Not everyone will get their money back but if you invested between 20 p- £1 hopefully be ok.

Keyboard you are talking crap on revenue. They are expecting a comeback in revenue in HY 2

@keyboard …you immense twit , I don’t hark back to anything but I don’t see the left’s obsession with dubious pronouns progress either . Go away. You are annoying me

@Keyboard Capita is specifically concentrating on increasing the profitability of existing relationships. Textbook turnaround . Capita also specifically noted that it was doing so. Notwithstanding that it had a 95 percent retention rate and 48 percent (from memory) new win rate. Once the AI has been embedded into existing clients, I assume this will be rolled out as a pitch offering mostly to the private sector. In a world where everyone hates admin tasks, Capita seems too be in a far better place financially and decently positioned . No gimme though .

@Gocpi- shouldn’t you be addressing Savage as they🤭

Trying to concentrate on the investment case and will continue to do so