Member Info for Trustfund

What's the point of filtering NOCLUE if you constantly talk about NONEWS being moronic, attention-seeking & repetitive.

I think he is repetitive!

So do I!

So do I!

So do I!

Personally I think he is moronic!

Well, I have just noticed him being attention-seeking!

I have to hang my head and admit that I am a panicky punter. I am down £150k.

Good to read all the posts yesterday and this morning. I can understand a business having a crisis, and that is reflected in the share price decline.

What I want to understand is whether capita is profitable enough to deal with inevitable crises. If not, it is going to bleed to death as self-reinforcing crises take management time and funds away from investment and generation of free cash flow.

Thoughts? I do like the look of the new management in the enterprise division.

I have got enough liquidity to absorb a short-term decline in the value of a long position on Capita if it is going to come right.

But:

There is the hack and overconfident response.

It is disappointing to see that they are struggling with the BBC contract.

The press seems to have it in for them.

Maybe they will face strike action.

What do people think? Is this a well managed company or have they just been selling off the family silver and are fundamentally not profitable enough to run the business.

The IR webinar seemed so positive. Is that more overconfidence from BS artists?

Like I said, I cannot get my head around it. How could hackers get access to pension fund data through Capita if Capita is not responsible for it?

I watched the Investor relations webinar and was reassured that everything is on track, with the data loss being a mere afterthought.

Since then the data loss seems to have become more important with the company perhaps admitting that more has been lost than they admitted before.

I can't really get my head around it.

Surely if it was a big problem the IR executives would have known about it and would have been upfront with investors?

Fantastic. Just when I finally had to put a partial sell order on at 32p to protect what's left of my kids inheritance from my gambling.

Surely Capita is well known to have destroyed capital over the past five years. Maybe it can be rebranded Capita-

To my mind the two main issues are that it is still in business and has almost no debt. It's all about winning new business now and for that we will have to wait for updates. If they can bring in profitable new work then great, sunny uplands. If they can't, with today's enormous government spending, then yes it probably needs to be wound down and the profitable parts sold off.

However... I cannot imagine that UK government will accept losing another major supplier after Carillion so at that point they will just have to pay more and after all we're not talking a king's ransom here.

Therefore I am very confident that this business will continue although I have lost money myself on two public sector contracts so I know how difficult it is.

Actually I was thinking that we are not doing well in bringing in new business. It might at least be good to have a survey of potential client opinion. Fingers crossed for the next few months. I do think the new leadership in the Enterprise division looks good.

I wouldn't mind Capita having a rebrand because journalists don't like it as a result of private eye for decades and outsourced services bypassing civil servants.
A new brand would confuse them for a while, one that doesn't sound like capitalist. SocialX?

I bought a posh new phone 10 days ago and didn't remember how to log in to this forum so tried it as a guest which means seeing NFs posts. Share hell.

No AIM either now and there was another idiot as well but I don't remember who it was.
Membership is well worth the dosh.

As usual thanks GoCPI. It is terrifying to think that even a big company like this can't stop an initial exfiltration of data for a week in some area of its business. Relying on human beings not to click on links is a short-term solution. Inevitably that cat picture is going to get through in a year's time.

The bigger picture for me is whether we are going to go any new business at some point.

I wish we could get a clearer picture about the leak. I just can't see how a company that sells cyber security services can somehow permit the exfiltration of its client data and then just wonder on selling client data handling services and cyber protection. I don't get it but maybe that's because I'm not a data scientist and maybe these things happen all the time and could be worse without the services.

Ian.B makes a very good point about the firm learning from this.
Perhaps a second one is that this may be a Russian government attack on a company at the heart of the British state. If that is the case they have done very well to fight it off, haven't they?

I can't believe the attacks on TerryM.
Thanks for taking the time to post Squire. Some of us do appreciate your contribution which seems perfectly valid to me.
Of course we don't know any of the facts so it's just speculation and this board is to help people. Only a respectful open debate can do that.

Clearly the market is happy enough with no fall since Friday close.
With any luck Capita has handled this professionally and can use it as a sales tool. Maybe that's a bit hopeful ??

So glad I have filtered this board :-)

I want to ride this thing up but since I have no experience of takeovers can anyone advise what a successful bid would look like price-wise when the share price is 38p? Are we talking 60p or what?

By the way, and it's only a light-hearted thought, I'm no Isaac Newton but if you had listened to the former professional fund manager chat at the choose booze I went to you wouldnt give your money to fund managers.

Talk about socially insecure fantasists. One geezer lectured me on the subject of Fibonacci numbers and how they are central to investment. No they are not, Sherlock.

Basically all of us CPI guys should have offered to be fund managers. What do you get on your investment with them? 5%? Even with the recent downturn I'm still up 100% and I'm hoping for a lot more by September.

The top bookie argued with me when I said it's easy doing this. He had the impression it's a dark art and takes lots of brains and Fibonacci numbers.

The whole fund manager thing is a confidence trick. If you go to enough meetings you will believe anything.

I went to a posh drink up at my bookmakers in the city of London last night. A business journalist made a speech saying that the economy is getting better. Over canapés we punters mingled and it turned out that I was the only one who is just long one equity. All the others think they can guess what's going to happen tomorrow and trade the indices up and down giving the bookies lots of fees.
Although many of them had worked in the city in fund management I left the event feeling very good about just being long CPI using a bit of leverage from the bookmaker to juice things up now that I have calmed down and reduced my position to have necessary safety from external events.
Anyway they thought the strategy was very boring :-)