Capita Share Discussion Threads

[eisler] 11/5/2018 09:56

In my honest opinion, CPI will be trading at sub 100 before the end of June and will remain in an 80p - 100 trading range for years to come.

[mj19] 11/5/2018 08:31

This recovery will take years? Nearly at rock bottom now. Hold and wait. Might not move so easily loads of shares

[1retirement] 11/5/2018 06:40

Just noticed someone dumped 2.2m shares after close yesterday!

[micktravers] 10/5/2018 22:14

Thanks all. My Broker has now issued me my options.

[kunama] 10/5/2018 18:50

The info below is taken from the prospectus (available on Capita's web site)
You will have until 18th May to decide what to do. Your broker should be in touch shortly.
Hope this helps

PART IV
EXPECTED TIMETABLE FOR THE RIGHTS ISSUE
Publication and posting of this document, the Notice of General
Meeting and the Form of Proxy . . . . . . . . . . . . . . . . . . . . . . . . 23 April 2018(1)(2)
Latest time and date for receipt of Forms of Proxy . . . . . . . . . . . . . . . 11.00 a.m. on 4 May 2018
Record Date for entitlements under the Rights Issue . . . . . . . . . . . . Close of business on 4 May
2018
General Meeting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.00 a.m. on 9 May 2018
Despatch of Provisional Allotment Letters (to Qualifying
Non-CREST Shareholders only)(1) . . . . . . . . . . . . . . . . . . . . . . . . on or about 9 May 2018
Special Dealing Service open for applications . . . . . . . . . . . . . . . . . . 9 May 2018
Admission and Dealings in New Shares, nil paid, commence on the
London Stock Exchange . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.00 a.m. on 10 May 2018
Nil Paid Rights credited to stock accounts in CREST (Qualifying
CREST Shareholders only) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . As soon as practicable after
8.00 a.m. on 10 May 2018
Nil Paid Rights and Fully Paid Rights enabled in CREST . . . . . . . . . . As soon as practicable after
8.00 a.m. on 10 May 2018
Ex-Rights Date . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 May 2018
Latest time and date for receipt of instructions under Special Dealing
Service in respect of Cashless Take-up or disposal of Nil Paid Rights . 11.00 a.m. on 18 May 2018
Dealings carried out in relation to Cashless Take-up or disposal of Nil Paid
Rights under Special Dealing Service . . . . . . . . . . . . . . . . . . . . . . 22 May 2018
Recommended latest time for requesting withdrawal of Nil Paid Rights or
Fully Paid Rights from CREST (i.e. if your Nil Paid Rights or Fully Paid
Rights are in CREST and you wish to convert them into certificated
form). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.30 p.m. on 18 May 2018
Settlement of dealings in relation to Cashless Take-up or disposal of Nil
Paid Rights under Special Dealing Service . . . . . . . . . . . . . . . . . . . 23 May 2018
Latest time and date for depositing renounced Provisional Allotment Letters,
nil paid or fully paid, into CREST or for dematerialising Nil Paid Rights
into a CREST stock account . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.00 p.m. on 21 May 2018
Latest time and date for splitting Provisional Allotment Letters . . . . . . . 3.00 p.m. on 22 May 2018
Latest time and date for acceptance in CREST and payment in full and
registration of renounced Provisional Allotment Letters . . . . . . . . 11.00 a.m. on 24 May 2018
Despatch of cheques in relation to proceeds of disposal of Nil Paid Rights
under Special Dealing Service . . . . . . . . . . . . . . . . . . . . . . . . . . . by no later than 24 May 2018
Expected date of announcement of results of the Rights Issue . . . . . . . . 25 May 2018
Dealings in the New Shares, fully paid, to commence on the London
Stock Exchange . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.00 a.m. on 25 May 2018
New Shares credited to CREST stock accounts (uncertificated holders
only)(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . As soon as practicable after
8.00 a.m. on 25 May 2018
Despatch of definitive share certificates for New Shares in certificated form
(to Qualifying Non-CREST Shareholders only) and premium payments (if
applicable) in respect of Nil Paid Rights not taken up.(1) . . . . . . . . . .
by no later than 4 June 2018

[daffyjones] 10/5/2018 18:41

Mick - if you don't understand how rights issues work, you shouldn't really be investing such large sums of money.

[60000 muppets] 10/5/2018 18:32

Micktravers

1)You purchased between record date and ex date therefore you are due the rights.
2) Because you were not on the register at record date the rights are "claimed" on your behalf by your broker.
3) Your broker will give you 3 options:
a)Take up all or part
b)Tailswallow
c) Lapse

If I were you I'd contact them to gee them up.

[ilovefrogs] 10/5/2018 17:12

Now that the stock has gone ex-rights, investors will now be contacted by their brokers and asked whether they want to subscribe, or sell their nil-paid rights. If you decide to sell, the proceeds will make up for today's loss plus or minus a bit for market moves since. I believe you have until 25 May to decide.

[only who?] 10/5/2018 16:46

Today's adjustment doesn't really matter much, it's what happens next that I'm worried about.

[micktravers] 10/5/2018 14:24

Thanks Wally, The Broker may well do the right thing now.

[57eady eddie] 10/5/2018 13:44

IG closed my short position before the market opened this morning and opened up a new short position at the new (lower price), leaving me at a loss. Their explanation was because it was due to "corporate action". There was no communication from them until 7.48am when I received an email - needless to say I'm never going to have anything to do with them again and have closed my account. Has anyone else had similar issues with them?

[wallywoo] 10/5/2018 13:23

Hi Mick,

You should of had the right to subscribe, but the paperwork would be slow to catch up (because of the date you bgt). If you wanted to, you should of contacted your broker and arranged. Some brokers are very slow in adding the rights to your nominee account.

[shinnas] 10/5/2018 13:06

140p today or tomorrow

[ebomber] 10/5/2018 12:53

Sub 100 pence will generate my interest.

[nerdofsteel] 10/5/2018 11:58

I'll be buying sub 100p which I think will be the closing price tomorrow, wary of short term rallies eg DCB

[1retirement] 10/5/2018 11:29

Did people actually buy this this morning thinking it had been 'oversold' (big drop on open) without understanding what was going on? Wonder where it will settle.

[micktravers] 10/5/2018 10:57

Sorry ignore that last post then Wally. As an experienced share trader I was expecting the right to subscribe if that makes sense.

[micktravers] 10/5/2018 10:55

Why I am also confused is I bought these on 24th April but have been given no opportunity to subscribe to a rights issue?

[abryer] 10/5/2018 10:36

If you do not take up your rights, you can tail swallow your nil paid rights. Epic code for nil paid rights is CPIN currently trading 57.11/58.24