My thoughts12 Dec 2025 16:00
today’s rns’s are a mixed bag. yes the performance of the business is improving, however, i am not a great fan of the rl share option. if taken up it is in capita’s interest as it saves £21m liquidity that can be invested in the continued restructuring of the vastly reduced business. don’t forget, a lot of the family silver has been sold off to reduce debt over the years. this has devalued the business as a whole, hence the sp being significantly lower than it was a few years ago. if rl take up the share option then it is you the shareholders who are paying for this, it’s coming straight out of your pocket. my back of a *** packet sp valuation is around 350. sure if the business continues to grow this will improve, but it’s not going to be quick! so therefore imho the company is at the moment over valued. i don’t expect the drops we have seen in the past, but i do expect the sp to slide slightly to its true value. i will be watching with interest for a re entry opportunity. gla and please dyor.