Capita Share Discussion Threads

[kingston78] 01/3/2018 10:34

As previously explained the Auditors will be looking at the numbers with a fine tooth comb this time. There is a going concern issue and the auditors would like to firm up the business plan and the rights issue together, so all these will be announced at the same time. I expect an announcement by the end of March.

I also explained that the company is adopting IFRS 15, the accounting standard on Revenue Recognition. The 2016 accounts will be re-stated. Whilst it will impact adversely the Profit and Loss Account by £150 million the impact on the Balance Sheet will be disproportionally significant. The 2016 Balance Sheet will have a net deficit of £550 million, and this will flow through to the 2017 Balance Sheet. Coupled with material write-offs, impairment and restructuring provision I expect to see a negative 2017 Balance Sheet exceeding £1 billion.

Whilst many are non-cash items it nevertheless illustrates the scale of the repair required to restore the Balance Sheet to a positive position. The company needs an additional £1 billion cash injection just to break even.

As an investor and observer I would suggest that this is the last opportunity for people to sell their shares at 160-170 level. You don't want to hold onto the shares for a few years without dividend and without much capital growth. There are better fish to fry elsewhere. Some so-called star fund managers just don't have common sense by buying more shares in Capita.

[eisler] 01/3/2018 10:32

It amazes me how useless people are at keeping up with these events - totally incompetent

[tim 3] 01/3/2018 10:23

Thanks massimoj.

Plenty of outlets still saying today guess they missed it to!

[bricktycoon] 01/3/2018 10:22

The winter of discontent zero value for shareholders imminent on shock results were are they ?

[bricktycoon] 01/3/2018 10:14

Stay short more like a hahahah no show on results oh dear

[bricktycoon] 01/3/2018 09:58

I'm on to fat cats going to publish in the morning so u have some rest over the weekend before it goes to zero next week classic

[massimoj] 01/3/2018 09:57

You lot know the results weren't supposed to be published today right? They said at the end of Jan the date is TBC.

[bricktycoon] 01/3/2018 09:41

John and rod having a snowball fight outside the hq in London as we speak raking millions in before the game is up. Were are the results boys they can't be that bad can they ?

[bricktycoon] 01/3/2018 09:28

Were are the results rod what u up to mate sell while u can when they land this will be worthless

[bricktycoon] 01/3/2018 08:58

Sell then this and save what u have left the fat cats are up to madness not publishing the results they no the game is up

[mj19] 01/3/2018 08:56

Thanks brick we hear ya

[bricktycoon] 01/3/2018 08:53

Sell mate were are the results fraud and complacency classic carillon signs shareholder will be left with zero.

[mj19] 01/3/2018 08:52

Ok we get it your short! Just be quite now

[bricktycoon] 01/3/2018 08:50

There withholding because the games up this is going bust carillon style shareholders will be left with zero when they are out sell while u can crashing as I type .

[bricktycoon] 01/3/2018 08:43

Were are the results ? The board are withholding results from the market what else do u need to see before u realise this is going to do a Carillon

[bricktycoon] 01/3/2018 08:38

Were are the results wow this is so fraudulent know all shareholders will be left with zero when there published sell sell sell

[bricktycoon] 01/3/2018 08:17

What's going on it's basically bust and the board are fraudulent the games up this will go to sub 1 pounds today then a penny share on results when they finally admit the games up sell sell sell while u can

[tim 3] 01/3/2018 08:15

Have they forgotten its earnings day?

Whats going on here!

[bricktycoon] 01/3/2018 08:11

Massive selling this is going to plummet today sell sell sell

[bricktycoon] 01/3/2018 08:06

Get out know sub 1 pounds today the game is up this is going bust.

[bricktycoon] 01/3/2018 07:18

Oh dear no results published this must be basically bust but the board want to gut it of its last penny's before the terrible news hits. Sell sell sell carillon mark 3

[bricktycoon] 01/3/2018 01:43

Carillon mark 3 this will be bust very soon fat cats to blame and massive debts zero value for shareholders the morning news will be disastrous sell sell sell