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Has been extended again with new date of 1st April. So guess we will have to wait until then which can be extended again.
Tomorrow we will know if 307.5p all cash offer takes place. Not long to wait now.
Just bought my first tranche of these for my pension today at 59.42. See this as great value for a long term hold.
Been watching carefully going into the results, results and watching afterwards. Surprised that there have not been any new broker notes out that I have spotted after results.
Thought that this was a good entry price.
If it was to fall further will buy some more at 40p ish, but somehow don't think that will happen. However, one never ever knows.
If we do move steadily will add on climb north.
Think medium to long term this is a very good risk/reward play. My initial first target is 90p, but medium to long term (3 to 5 years) if they deliver their plan and margins is 200p plus.
Capita results generally fine with debt reduction, org simplification and first growth for 5 years expected 2021. A few things to note VAT deferral from 2020, pension deferral which will reduce profits in 2021 temporarily. However, overall looks like things being turned around. Be interesting to see what market thinks and if we can break 50p.
So big day ahead tomorrow for us. For many of us up early to review of the results.
If as expected or even better than expected and most importantly more positive forward looking statement than recent years then we may finally cut through 50p strong resistance level that have failed to break on numerous occasions over the last year (July 20 / Dec 20 and only a week ago).
Once we cut through and hold can see target of 80 to 100p going forward.
Be an interesting day ahead of us. Fingers crossed for 50p finally being breached.
On 17th Feb broker notes from
Peel Hunt LLP BUY 75p
Liberium Capital BUY 80p
Be interesting to see any new broker forecasts from analysts after results today.
My summary is with forward looking information this is a buy for future at current prices on a medium to long term basis.
Worth looking at the fy results slides and webcast woth slide explanation and Q&A.
Presentation to analysts now available to us mere shareholders in case you haven't seen or read.
https://www.costain.com/investors/results-reports-presentations-and-webcasts/
I think this real question is when will the results be announced.
The website is not updated with and financial calendar events.
Exerts from 16 Dec 2020 trading update
Sami Iskander will present the results for the 12 months ended 2020 and discuss the outlook for 2021 at the Group’s full year results, currently scheduled for 24 February 2021.
Three weeks on from 24 Feb and still no news or update to their calendar.
Guess news could come at any time.
Pretty much as expected. Interesting to see how market takes it.
Remember results investor call at 9am one can register for always interesting to listen to. To register https://edge.media-server.com/mmc/p/egc88ogi
Chris,
That's a sensible approach. I had taken a similar approach and only now have a smaller shareholding and a SB.
We should hear whether formal TDR offer for the company (305p all cash offer) is made during Monday 8th March or latest next day Tue 9th March. Be interesting to hear intent OR even if that has resulted in any other offers coming in.
Not long to wait now.
See 8th Feb news exert:
In accordance with Rule 2.6(a) of the Code, TDR must, by not later than 5.00 p.m. on 8 March 2021, either announce a firm intention to make an offer for the Company in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline will only be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code. The deadline shall cease to apply, by virtue of Rule 2.6(b) of the Code, where a firm intention to make an offer for Arrow under Rule 2.7 of the Code is announced by an offeror (other than TDR) prior to such deadline.
Agree.
Can strongly recommend watching the webcast for institutions & shareholders.
https://flyonthewall.videosync.fi/ipf-full-year-results-2020
Very encouraging for the future. Good to see SP rise positively today!
Yep, be interesting to see any additional action when US start trading via MFGP US listing.
540p key resistance that needs to be taken out and held.
Then from a charting perspective 1000p next main target medium term, with small test at 600p and 800p.
Should be very interesting days and weeks ahead and good year on this one!
The numbers were what were to be expected tbh imho.
H2 turned profitable.
Stated Q1 new FY better than Q4 last year so continued I.proved direction.
No final dividend this year which was expected. Would be reckless to introduce at this time. However clear statement about introducing progressive dividends.
There 4 pillar strategical goals. First two completed.
Our strategic goals
Phase 1 - H1 2020: Completed
Protect our people, prioritise loyal customers and protect the business
Phase 2 - H2 2020: Completed
Rightsize the business to accelerate recovery and refinance the balance sheet
Phase 3 - 2021: Underway
Rebuild the business
Phase 4 - 2022+
Deliver long-term, sustainable growth
So this year focusing on increasing lending as we come out of this pandemic which is starting to occur now and increasing from now to Summer. Then delivering sustainable growth going forward.
2021 expected to be profitable and setting up for year on year growth going forward. I think no interim dividend will be announced this year but think there will be a final dividend announced a year from now in final results for 2021.
If you get a chance listen to webcast at 9 very interesting and shows strength of our board IMHO. Q&A at end always interesting. For example, I am interested to see how they plan to grow book this year what is their target %.
The numbers were what were to be expected tbh imho.
H2 turned profitable.
Stated Q1 new FY better than Q4 last year so continued I.proved direction.
No final dividend this year which was expected. Would be reckless to introduce at this time. However clear statement about introducing progressive dividends.
There 4 pillar strategical goals. First two completed.
Our strategic goals
Phase 1 - H1 2020: Completed
Protect our people, prioritise loyal customers and protect the business
Phase 2 - H2 2020: Completed
Rightsize the business to accelerate recovery and refinance the balance sheet
Phase 3 - 2021: Underway
Rebuild the business
Phase 4 - 2022+
Deliver long-term, sustainable growth
So this year focusing on increasing lending as we come out of this pandemic which is starting to occur now and increasing from now to Summer. Then delivering sustainable growth going forward.
2021 expected to be profitable and setting up for year on year growth going forward. I think no interim dividend will be announced this year but think there will be a final dividend announced a year from now in final results for 2021.
If you get a chance listen to webcast at 9 very interesting and shows strength of our board IMHO. Q&A at end always interesting. For example, I am interested to see how they plan to grow book this year what is their target %.
As you say does make one wonder what 9th March will reveal.
1) if approved 305p coming. Over 10% discount today.
2) another higher bid arrives and announced. SP higher than 305p
3) offer rejected the all cash 305p offer because they feel company valued much higher and want to realise that potential. This could also result in more interest going forward.
Personally I think current SP provides good upside potential in all future scenarios. Before this happened my own personal target was 400p to 500p based on future prospects in the next 1 to 2 years.
Massive few weeks during banks reporting period. Think with lockdown easening , BOE forecasted coiled economical explosive growth, dividends being reinstated together with banking full year results for full year I wouldn't be surprised not to see bank shares on all fronts surging ahead by Easter. Momentum is gaining.
For Metro can see a break towards 200p on the cards.