Capita Share Discussion Threads

[aljm] 24/6/2020 11:08

yup, this drop is what the chart needs, gonna test 50p very soon, think it will hold it next time...

[bearnecessities] 24/6/2020 11:03

Tempted to jump back in here today.You watch the FTSE go back up tomorrow. Weekly rinse and repeat.

[aljm] 24/6/2020 10:46

so, where will the ftse be in Sept ?

[hodhasharon] 24/6/2020 10:43

As I've always said, CPI looks ok to me and I'll invest at some point. It's the broader downturn in the market that's taking it down, not the fundamentals (albeit selling off huge chunks of the business does leave too much uncertainty for me at the moment).

Let's watch and see.

[hodhasharon] 24/6/2020 10:41

Ok, but let's see if I'm right in September when I pick up at 20-22p.

[dealy] 24/6/2020 10:38

even a broken clock is right twice per day

[hodhasharon] 24/6/2020 10:27

Ok, that's the beauty of the markets. Time will prove one of us right. Looks like the market's favour my version of events currently.

[aljm] 24/6/2020 09:43

while we are mentioning charts, on current long term it looks like we need a retrace to push further through 50p. nice steady climb incoming in next week or so.

[aljm] 24/6/2020 09:40

Now that makes a lot more sense. looking purely at chart above i think June 19 looks far more similar than sept 18...

[captain kod] 24/6/2020 09:38

Nope but he does have a short he needs to close soon lol!

[aljm] 24/6/2020 09:35

Hod, do you actually believe all this tripe you are coming out with ? just asking.....

[hodhasharon] 24/6/2020 09:30

CPI is sat on the Sep 18 position in the cycle now (look in the long term chart above).

[hodhasharon] 24/6/2020 09:28

The FTSE is going into its second wave down, which is widely anticipated to break Q1 lows. This should conclude in time for the Santa rally.

You're essentially playing out the pattern we saw in CPI in 2018, down into the July, then a recovery into December.

[dealy] 24/6/2020 08:38

why is that?

[hodhasharon] 24/6/2020 08:25

Looks like it's heading to 20-22p first.

[nw99] 24/6/2020 05:57

Looks like it's heading 60p soon

[dealy] 23/6/2020 22:15

there are no retail investors in Europe

[hodhasharon] 23/6/2020 21:23

Institutions taking their opportunity to offload their risk to retail investors. I’ll be back in at 20-22p

[bearnecessities] 23/6/2020 18:18

I also decided to make an exit at 50.1p after getting in at 40p earlier in the month, as I could see some resistance just above this range and suspected some pull back. Sometimes taking a profit is hard thing to do as you always want more!Keen to see what's said in the AGM before I get back in, so staying in cash for now unless there's more pull back tomorrow that's too hard to resist.Either way if all goes well I'll be back in substantially. GL all still in, and if I have to buy at a premium then so be it.

[lastchance23] 23/6/2020 17:59

I exited my position at 48p, but am considering a re-entry; but I was cautious of a pullback, also just with general market as a whole.

It depends on how accurately this is valued simply wall street was putting this at 30% undervalued; but the market is also buying more on past share price than fundamentals. I am however cautious of simply valuation as I have Card Factory and last month fair value was 70-80p, they have upped this to historic prices of £1.68 following last months trading statement; maybe its just a reflection of the 300% online growth and revised strategy, but a little bit more cautious now using it as my fast check.

[aljm] 23/6/2020 16:33

think the MM's had people's trousers down today, huge numbers of tiny AT trades......

[mbaxter] 23/6/2020 16:10

IMHO Capita is rather bloated and as a result it is very difficult for any anyone to get a handle on how to manage it properly. Seems to be lots of different units, doing different things, for different people, in different ways. To my mind, unless you adopt a hands-off and utterly ruthless, conglomerate style, 'the financial and operating performance of SBUs is all I am interested in' approach, you are on a hiding to nothing. Any sort of consistent, hands-on style will struggle as it will be great for some bits and awful for others...but wdik.

[hodhasharon] 23/6/2020 16:00

Down we go unfortunately. It's ok flogging big chunks of the business to pay off debt, but what you end up with is a smaller business. The market hates uncertainty, and at the moment there is no clarity around what the future core of Capita will look like, or what it will be worth.

[mbaxter] 23/6/2020 15:30

ACTION - it is fear and greed balancing out! On the one hand you get folk like Citi saying disposals mean Capita are on the way UP, on the other, you get folk like JP Morgan say the disposals are, at best, MEH!

Us poor retail investors are caught in the middle of it, who do we believe? For me, I try not to believe anyone, just take in as much as possible and make a 'best guess' and then, as the saying goes, only gamble what I can afford to lose.

[action] 23/6/2020 15:07

The whole market is up and this one not crossing 50p+.