Capita Share Discussion Threads

[captain kod] 10/9/2020 14:05

Ah normal service resumed! LOL

[aljm] 10/9/2020 13:31

anyone got any idea what the MM's are trying to achieve ? bot trades push it up, then bot trades push it down , whats the point ?

[captain kod] 10/9/2020 13:30

Oh no something has gone wrong! Why am I seeing blue?

[captain kod] 10/9/2020 12:08

That's the automatic share purchases through the Capita Share Investment Plan. Each employee is allowed to invest a maximum of £150 each month and in turn receive an additional 15% in free shares.

[lastchance23] 10/9/2020 11:57

Director dealing was on the 7th Sept, they all bought in only about 500 each, about 5000shares total. They bought a trolley load at 60p and on the way down, so they are all aligned.

[aljm] 10/9/2020 10:27

Maybe if we get terrible news the share price will rally ?

[captain kod] 10/9/2020 09:37

Lol!

All these bits of good news are starting to come out and the share price is flying - not!

I'm going to turn my monitor upside down that will make the share price graph look better! ;-)

[knowing] 10/9/2020 09:31

Part of the Group?

[ashwani01] 10/9/2020 09:31

All this good news is doing wonders for the price

[captain kod] 10/9/2020 09:29

I've been told there could be news next week on an extension to the £495m Army Recruitment contract. Another 2-3 years would be good!

Army recruitment figures for the past 18 months have been ahead of target - annoying no one reports the good news but only the bad news when firms struggle! Apparently the Army recruitment is flying despite Covid.

[aljm] 10/9/2020 08:30

more good news for Capita, next set of figures should show small profit, with sale of Software part of the Co. and new contracts being won regularly, Capita is starting to turn it around.....

[captain kod] 10/9/2020 06:59

Capita plc has secured 17 contract renewals on the Scottish Wide Area Network (SWAN), a framework that delivers a single shared network infrastructure across Scotland’s public sector.

The combined value for all contract renewals is £11m and they will run to March 2023.

Contract renewals include organisations that deliver vital services to the Scottish public including Scottish Government, NHSScotland, a number of government bodies including Education Scotland and most of Scottish local authorities.

Posted on the Capita website yesterday

[big_brown_bare] 10/9/2020 06:04

Exclusive: Private equity giants mount first-round bids for Capita ESS Two private equity behemoths are expected to today table preliminary offers for London-listed Capita's Education Software Solutions (ESS) division as bankers collect first-round bids from a host of suitors, EducationInvestor Global can reveal.This publication has learnt that Bain Capital and TPG Capital are among several bidders vying over control of Capita ESS – whose SIMS platform is the UK's largest school management information system (MIS) provider – which is expected to fetch upwards of £500 million.The values of the offers being placed by Bain and TPG are unclear.According to multiple sources, bankers at Goldman Sachs, which is marshalling the sale of Capita ESS, set today, 1 September, as the deadline for first-round bids.One insider said that Montagu Private Equity, a European buyout house which in March acquired a stake in university operator Galileo Global Education, had been "very keen" on Capita ESS – though it was unclear whether it would also be mounting a bid.Another source said that "I would be surprised if more than three or four bidders make it into the second round" – suggesting stiff competition among a small number of suitors could ensue. An insider said that TPG had hired advisors in August to help it formulate a bid. Bain is expected to draft in advisors next week, if it progresses into the second round, a source said.A spokesperson for Bain declined to comment. TPG and Goldman Sachs had not responded to requests for comment at the time of publication.This publication exclusively revealed in June that Capita – whose share price is down more than 80% year-to-date – had launched an auction of Capita ESS, which generates EBITDA of around £50 million a year and is widely considered to be one of its parent's most cash-generative assets.A sale of Capita ESS would provide a liquidity boost to Capita, which sources have suggested could be struggling to service its debt amid a crisis that has rocked corporations of varying ilk and caused cash crunches across practically every industry. When Capita publicly confirmed EducationInvestor Global's report, its share price climbed more than 15%.A bid by California-headquartered TPG for Capita ESS signals a desire to step back into the education sector, which it exited in late 2018 when it broke apart Times Higher Education and TES Global, selling the former to Inflexion Private Equity and the latter to Providence Equity Partners.Boston-based Bain, which oversees more than $100 billion of assets, owns Only About Children, an Australian childcare provider, and Penn Foster, a for-profit college in Pennsylvania, which it acquired from Vistria Group around two years ago.Capita SIMS, which stands for school information management system, is a back-end service developed in the early 1980s that allows schools to collect and monitor data on student attainment, parental engagement and financial management. It lists more than 50 products on its website.Demand for school software solutions in the UK has grown in line with the increasing prevalence of multi-academy trusts (MATs), which require centralised systems to keep tabs on as many as several dozen schools' finances and operations.

[jaspoland] 09/9/2020 16:54

Can't imagine it will be material but I'm happy Capita are being proactive in the restructure of the business.

[aljm] 09/9/2020 16:30

nice, gotta be an RNS due imminently then.....

[captain kod] 09/9/2020 16:29

Written by Chantal Free, Executive Officer, People Solutions within Capita and sent to all Capita staff by email at 4pm. A friend that works for Capita let me know as she knows I have shares.

[aljm] 09/9/2020 16:23

where did that article come from btw ?

[aljm] 09/9/2020 16:20

that was quick, wonder what the price tag was ?

[captain kod] 09/9/2020 16:13

News just in.

Following a strategic review of our Pensions and Benefits Pillar over the past year, we have decided to simplify our offering by selling our Employee Benefits businesses. We believe the sale will allow us to deliver better outcomes for our colleagues and clients in Employee Benefits. It will also allow us to refocus our investment and commitment singly to our market-leading Pensions business.

As a result of the strategic review, we have exchanged contracts with Benefex, a major provider of employee benefit solutions and employee benefit consulting services. Subject to completion of the client novation process, Benefex will be acquiring the following Capita People Solutions businesses: Health, Global, Flexible Benefits Consulting and Solutions, Small and Medium Enterprise Consulting Solutions (SMECS) and Benefits Administration. The transaction also encompasses elements of our DC Consulting business, including online and offline GPP solutions where they are part of a wider benefits offering. Our online benefits platform, Orbit, is also part of the sale. All 172 impacted colleagues will be subject to transfer to Benefex upon completion.

The sale of these businesses is an important step in ensuring we invest in areas where we can grow and win and offer the right level of service to our clients. It also enables us to double down our focus and investment in our Pensions Transformation initiatives.

[jaspoland] 09/9/2020 13:05

Taken a nibble today. Will start to build a bigger position on any further weakness over the next few months.

[knowing] 09/9/2020 12:46

03-Sep-20 Capita (CPI) Jefferies Buy - 105.00 Reiteration

[aljm] 08/9/2020 09:29

only people who should be panicking, are shorters, once news comes of sell off, 30-31p will be history....

[jotoha2] 08/9/2020 08:57

Don't panic , Boris is working on a couple of nice contracts for these boys.

[captain kod] 07/9/2020 10:10

God I hate shorters! Like vultures and always trying to scare monger! Pure scum.