Capita Share Discussion Threads

[aljm] 25/6/2020 10:27

wow, try buying over 15K , get charged premium on top of offer, yet the MM's keep marching it down, wtf is going on ??

[aljm] 25/6/2020 10:05

wonder who keeps trading 20 shares ? oh and setting AT's for 3. level playing field, yeah right.....

[driver101] 25/6/2020 10:03

Hod
Re 22p

Aways have some in reserve for a shake, bring it on.

[aljm] 25/6/2020 09:53

MM's doing their best to move this down, manipulation at its finest......

[dealy] 25/6/2020 09:50

revenue down 10% is no big deal in this environment. they are also exiting a lot of low margin contracts so it's a shrink to grow strategy. 700m market cap is way too low

[aljm] 25/6/2020 09:29

some decent size buys coming in now

[dealy] 25/6/2020 09:28

as if anyone can so that !!

[owlbaby] 25/6/2020 09:04

saw these down more than others on a heat map, thought what they say is always great perhaps credibility in doubt.

They still think YE19 PBT 275 was good & spot on HE prediction 265-295. Its only everyone else who goes with an audited loss of (63)m.

Jumped out at 45, might need Hod to predict time of the low point today, he was good ystdy, can he do it again?

[hodhasharon] 25/6/2020 08:51

20-22p. Listen to what I am telling you. There is going to be a fire sale. Get out now (if in profit or loss), and buy back at 20-22p.

[hodhasharon] 25/6/2020 08:49

You mean the posters who work for the big sellers? those that tell the private investors it's going to the moon while their employers offload?

[aljm] 25/6/2020 08:49

like the MSM has EVER spoken the truth !!!

[topnotch] 25/6/2020 08:47

Pffffft, news articles are overrated - I'd rather go by what anonymous posters advise

[hodhasharon] 25/6/2020 08:43

Some of you lot need a shake. You can't fight the FTSE. 20-22p. Put your order in now.

Read a news article from time to time.

[aljm] 25/6/2020 08:30

this drop has made the chart look very interesting, trend is still up

[driver101] 25/6/2020 08:28

Long hold the trend is up.

[aljm] 25/6/2020 08:26

another all red day today......

[dealy] 25/6/2020 08:24

update was great. reaction is based on a big global sell off

[mbaxter] 25/6/2020 08:22

When they were up they were up, when they were down they were down......and when they were half way up to the top of the hill, they were neither up nor down.......

Seems safe to come out of the trenches. Not too bad, but not too good either. Next major news will be whether they meet expectations for disposal receipts from SIMS etal

[topnotch] 25/6/2020 08:14

Hmmm, share price starting to slide...

May top up if it hits 43p

[brightbud] 25/6/2020 07:58

Well pleased with the trading update, the last covid update was "provide sufficient liquidity and enable Capita to meet covenants at the half year" many were claiming there will be further dilution and there was uncertainty however in this statement clearly well within until end of year. The debt is being reduced and costs are being cut so we heading in the right direction while business is simplified and strengthened.

Management are doing a great job of turning this around " we have taken over the past two years to simplify and strengthen the organisation – to rebuild trust with clients, fix legacy issues, improve contract execution, invest in our people, improve systems and controls, reduce risk and cut cost" they will now gain trust in the market that they have a handle on things and heading in the right direction.

Pre Covid around 150p, now under 50p when operating performance is better than last year, this is priced to fail but from this statement its clear they are getting a grip on the business and focusing on strengthening the balance sheet which means this is not going bust, and no dilution coming anytime soon. Their performance during covid gives great confidence in the management team.

They have certainly given the market confidence and this will further rebuild trust with clients which should help bring in a steady contract flow.

The Decision to commence process to dispose of Education Software Solutions is a great one and it does show how they are streamlining the business. This will bring significant money and reduce debt which holds this back and gets people nervous. This is not mere speculation but something that is officially announced so the lead up should drive price upwards.. I will be adding a significant position here, at some point the market will re-rate, might be today, this week, this month but it will happen.

[owlbaby] 25/6/2020 07:51

y & liquidity ok even before signature on ESS deal. Phew, had nasty feeling last night Hod would be right too quickly.

Favourite bit:
"Liquidity at 23 June was £832million, made up of £402m representing the undrawn part of credit facilities and £430m of cash net of overdrafts2. We will be repaying £165m of private placement notes when they mature on 30 June. We estimate that liquidity at 30 June will be more than £640m when we take into account the effect of this debt maturity, further operating cash inflows and the reduction in the backstop liquidity facility as a result of the receipt of the Eclipse disposal proceed

Nice to see reorganising Specialist Services, makes sense IMO.

No profitability statement, seems wise. Perhaps share price improvement less than after HE last year but less risk of YE shocker.

[dealy] 25/6/2020 07:03

as predicted, a very robust trading statement.

[hodhasharon] 24/6/2020 18:08

"HodHasharon24 Jun '20 - 11:21 - 3756 of 3763 Edit
0 0 0
Looks like you'll get a selling opp around 2pm today.

Normal drift in cycle: FTSE 5000 in September.
Second Wave, or a series of worse results than expected (we're only guessing at the financial impact of C19 currently): FTSE 4500 in September."

So you got your selling opportunity at 2pm today as predicted at 11:21am. I suspect that's the last we'll see of the high 40's until September.

Take my advice. Sell, and buy back in at 20-22p.

[mbaxter] 24/6/2020 16:25

Right. Into the trenches I go. Tin hat firmly on. GLA whichever way you have called this. Roll on tomorrow.