Capita Share Discussion Threads

[dealy] 01/10/2020 13:29

Good find. Probably explains the 2p drop since earlier this morning

[pyglet] 01/10/2020 13:27

Why would you want to be rid of it if it is so good

[mbaxter] 01/10/2020 13:08

Interesting. Had a scan for any news on how the ESS sale process is going and found the snippet below on the Education Investor site. I have always thought it a bit strange that Capita put out a price expectation to the market and tied it so closely to their debt reduction strategy. I took it as a sign that management were pretty confident that they had a deal in the bag (more fool me?, we'll know soon). Fantastic if it works out and they get what they signalled, but in this environment they are highly likely to get a good kicking if they underdeliver. The market is very fickle though, so who knows. We may get a relief rally if they get anything at all that makes a useful contribution...................

Exclusive: Private equity bidders pour cold water on price expectations for Capita ESS

Price expectations for a sale of Capita’s Education Software Solutions (ESS) unit have softened significantly after bidders baulked at bankers’ initial asking price of £500 million-plus, leading one to drop out, EducationInvestor Global can reveal.
Posted by: EducationInvestor, on 30/09/2020

[astubbs67602] 30/9/2020 21:41

It was released on their website on the 28th so not sure.....

[pyglet] 30/9/2020 20:31

Why no RNS

[captain kod] 30/9/2020 16:08

Another contract win, but no value mentioned yet.

Capita plc has secured a three-year contract with major port group, PD Ports Ltd (PD Ports), to implement a managed security operations centre (SOC) and security information and event management cyber security solution.

The Capita-managed SOC will support PD Ports’ entire IT infrastructure, including two data centres,13 ports as well as warehousing and container facilities along the east coast of the UK.

PD Ports employs over 1,200 people nationwide and its IT security team required a partner to monitor and evaluate its security 24/7, 365 days per year. To help PD Ports meet this requirement, Capita’s SOC analysts will work closely with the PD Ports team to effectively manage incidents to full resolution, ensuring that any issues are addressed quickly and appropriately upon discovery.

In the event of a security incident, Capita’s SOC analysts will directly engage with PD Ports’ team to identify the cause and implement a solution to resolve the problem.

During the early stages of implementation, Capita’s SOC analysts will collaborate with PD Ports’ IT security team to develop and refine the ‘alerting̵7; rules to minimise ‘false positives’ such as if an employee accidentally keys in a wrong password. This enables both teams to focus on identifying and mitigating real cyberthreats.

Mark Cook, executive officer of Capita’s Technology Solutions division, said: “Having the ability to continuously monitor and assess networks and assets is essential as cyber security threats are constantly evolving. We worked closely with the PD Ports team to deliver a technology solution that would not only meet their needs today but ensure that they are ready for the future.”

[dealy] 30/9/2020 14:56

call that terraced house in Sheffield and ask to speak to Investor Relations. Find out whats happening

[mbaxter] 30/9/2020 10:51

Interesting comment about the financing rumours by PeakyTraders_14. May be an indication of a Plan B for no sale or reduced sale price of ESS. Need to remember that Capita is a distressed seller and interested buyers are likely to try and squeeze them on the selling price. PE buyers in particular can be very hard nosed. If CPI get more than the indicated £500m, we are quids in. If they sell for a discount to the touted price, or don't sell, it may be tin hats time again. As ever, it is all a bit of a gamble but having finance in place will strengthen their position either way.

[dealy] 29/9/2020 19:17

This sweep up by Schroders last week of 5% of tge company is very significant. This will make it expensive for shorts to cover

[pyglet] 29/9/2020 16:28

Still blue

[aljm] 29/9/2020 14:23

something seems to have sparked it into life,

[dealy] 29/9/2020 14:19

Bit of life in the old dog this afternoon

[captain kod] 29/9/2020 09:28

Very funny! But you are right that's another saving - every penny counts!! ;-)

[dealy] 28/9/2020 16:42

don't forget they moved the registered office to somebody's 2 bed house in Sheffield so there is a saving!!

[aljm] 28/9/2020 15:59

Kod, was thinking exactly the same, more like shorts closing...

[captain kod] 28/9/2020 15:57

I think the opposite, each day we get closer to the sale confirmation which will be a massive boost to the share price. Plus confirmation that the Army recruitment contract is being extended to 2024 is coming early Dec.

[notimpressed] 28/9/2020 15:50

suspect shorts increasing.
sp will take a dive tomorrow

[peakytraders_14] 26/9/2020 14:23

Rumours they are doing deals to finance 10bn loan for next 12months

[dealy] 26/9/2020 14:16

there are plenty of unloved stocks at present. Private investors hold little sway in the uk these days (all money tied up in property either for themselves or their grown up children) and funds have abandoned small and mid caps. So the only hope for small caps (apart from being acquired) is too be able to buy back their own shares.

[aljm] 26/9/2020 13:50

unfortunately, news does not move this one, we have had several good pieces of news lately, and nothing so far....

[peakytraders_14] 26/9/2020 11:24

Tis share price will be 35p next week.Big news coming

[captain kod] 25/9/2020 13:54

I wonder how much money will be saved closing some of the Capita offices and moving staff to a permanent working from home contract? It should be millions!

[jotoha2] 23/9/2020 21:20

Some idle chatter that Serco will loose the test and trace contract and CPI is being considered , maybe .