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Because I'm a loser

I am down £161,085 on this if that makes anyone feel better :-)

The anti woke backlash may make Capita more profitable in the long run.

Dumped quid

Yes I would be astonished if, after all the agony for shareholders over five years they don't at the very least announce the future payment of a dividend.

They will have made all the disposals by the end of this half and to have right sized the company - so if at that point they just share that the purpose of the company is to pay executive wages only I'm not sure they would be receiving those wages for a lot longer.

Does anyone think they won't even talk about a future dividend?

I am the first or one of the first two admit that I am a total ignoramus about these matters but doesn't the extension of a credit facility for a company with no debt suggest having a backstop to allow the payment of a dividend?

Yes well he has got to 27p which is a positive number in that it exists.

Rishi Sunak will promise £2.4 billion over five years to train and hire tens of thousands more staff in what he describes as “one of the most significant commitments I will make as prime minister”.

Serco has upgraded its revenue and profit guidance for this year, as rising demand for the outsourcer’s immigration and defence services boosted growth.

The London-listed contractor, which manages services for governments worldwide, said it was increasing its forecast for organic revenue growth and underlying trading profit by around 4 per cent in a statement on Thursday.

Serco said it now anticipated revenue to rise to at least £4.8bn this year, compared with £4.5bn in 2022, while it expects underlying trading profit to rise to around £245mn.

Chr*st!

The hope I keep trying to feel 😜

That would be a very obscure investing idea which might be brilliant it's just that men of the cloth are not normally considered to be seers of the stock market.

Yes there is so much negative sentiment out there about Capita. I was drinking last night with a former minister and his entourage who were scathing about Capita particularly army recruitment services. One of his team used to work for Capita and was pleased to have left.

The MP said he had been told that the hack is worse than has been publicised, but I don't put any store by that because MPs are gossips and want to look important.

I was hoping that one of them would agree that the company can assist with AI given that Mr Sunak is supposed to see it as the salvation.

This share hit 44p briefly in March.

The hack seems to be more of a media story now than a threat to the business.

So as the business improves if we hold on we're going to get back to 44p.

Is that mistaken somewhere? I cannot believe that the terminal point of this company was a few hours in March.

Personally I am not convinced that a triple bottom will do it. I am waiting for a Peter Tatchell.

You've got me with the concept of triple bottom but I am more confident in your comments than the 'judgment' of drama queens who get off on being anonymous keyboard warriors against people's investments. Everything they say is nonsense but they hope to find a newbie they can upset 😭

'The potential for an AI revolution has become the principal preoccupation of prime minister Rishi Sunak and Hunt in recent weeks, as they seek to break a cycle of low growth and high taxes.'

FT

It's a bit of an understatement to say that CPI has been an unlucky share.

BUT

that was then.

The NHS and social care will have to do more with less. That means outsourcing, especially since domiciliary rather than residential care is all that can be afforded. There is no more cash or staff for in-house residential care so someone will have to organize home visits and community warm spaces. Capita?

The Civil service is increasingly working from home. Managing that is a Capita specialism. Being a living wage employer will definitely help move business from the state to the firm.

The extremely rapid increase in interest rates will put phenomenal pressure on government spending leading in my opinion to a sea change in attitudes. The only way to avoid major cuts is going to be to outsource. It is the end of the low interest rate environment that will drive Capita up. The government is increasingly running out of money and getting desperate with an election next year. Up to now the government could borrow very cheaply and have as many employees and provide as many services as it liked. Nobody cared whether the employees turned up for work or not. The only way not to bankrupt the state is going to be to outsource and digitise.

We are all nervous due to the ridiculous decline in the value of this share recently but I would like someone to show me where I am wrong with this analysis.

Then I really will freak out! :-)

Agreed. I think they made it clear that there would be some kind of communication about dividends in August.

Another point occurs to me: Senior management are not going to want to be around excess staff in the future due to the risk of allegations of inappropriate behavior. We have seen some really senior executives caught out recently including CEOs.

It seems to me that business culture will change with work from home being the default for many especially those with child care responsibilities with both parents working. That's going to drive a lot of work to Capita because I don't think the civil service has the means to manage staff properly in that environment.

I don't agree with that analysis. Money talks politics walks, the government has to reduce the size of the public sector employment roll. It can't put taxes up any more, other than perhaps raise council tax on larger properties, and it has to release employees for the private sector.

I am just as frustrated as everyone with the share price and actually I can't understand it BUT long term Capita's beautifully positioned especially with its high quality work from home roles. I reckon they will be able to attract high quality staff which will help the experience division.

Agreed, we are all waiting to get out of the outhouse.