Capita Share Discussion Threads

[sami69] 16/11/2020 13:07

New guy's last two roles were interim where a merger or takeover was happening (linkedin)..
Let's hope he's been brought in for a third!

[oldtimer169] 16/11/2020 13:04

topnotch
Depends if they are in the same bubble...

[nobilis] 16/11/2020 13:00

Private equity bid?

[topnotch] 16/11/2020 12:58

That's living proof to ALWAYS buy/sell when the CFO buys/sells and ignore ANY buys/sells done by the CEO(who is normally the last person to know about the company's financial health)

[kaos3] 16/11/2020 12:56

as I claimed - I do not understand CPI business - and it looks like I am not alone

[owlbaby] 16/11/2020 12:51

Yes, you've got it, Butcher was not up to the task & sadly, nor is the CEO who appointed him.

The tragedy is that the CEO needs a clear heads up from the CFO because non operational adjustments, overhead costs, restructuring, amortisation & write offs are significant. The CEO says he has found the task challenging & reporting what he thought was a good result at YE, bang on expectations, of £275m only to be surprised at market reaction to the audited loss of 63m.

That is understandable as he is closely concerned with in managing his reporting lines, he's not an accountant, & that is where he needs clear warning of non operational costs required in statutory figures.

Q3 they are still reporting to the adjusted basis - all is well at 66m adjusted profit, or it will be, until the audit & then IMO it will be a loss again unless ESS is sold.

To show the contrast between them, Butcher sold 47,000 shares obtained at nil cost reported at £1.04 as the crash started in March. The deal seems to have been placed aware YE result wasn't good, Lewis on the other hand bought 50,000 at 77p at the close of the 5th half way through the crash. Good on him for that, but Butcher could have told him how IIs would value the stock as he seems to have known & it might have helped pick a better course.

Anyway, share price up over 39p

GLA

[jotoha2] 16/11/2020 12:13

News on disposal will blast this through 50p as long as the deal is around £500 m , bring it on Mr Lewis.

[albert3591] 16/11/2020 12:05

Good call topnotch

[topnotch] 16/11/2020 12:00

We've just turned blue - needs to CLOSE above 40p now...

[topnotch] 16/11/2020 11:56

Already have Costain (COST), Kier (KIE), Galliford (GFRD), Centrica (CNA), Mitie (MTO) on my watch list

[gregpeck7] 16/11/2020 11:42

Agree. Also check costain (cost) similar play but infrastructure related. Rebounding very strongly from multi year lows.

[albert3591] 16/11/2020 11:41

Topnotch it’s just the rns taken people aback,always going to think share price will get knocked back,I did and don’t know if they have done with it yet. Maybe they are looking for shares,who knows but it will pan out in time.

[topnotch] 16/11/2020 11:36

Looks like 40p is a minor resistance level - If we CLOSE above this then expect a run up to 50p(is)

[albert3591] 16/11/2020 11:13

Nothing humble about you shoddy

[hodhasharon] 16/11/2020 11:12

"Shoddy how do you get your recently price."

31-32p?

[hodhasharon] 16/11/2020 11:10

"topnotch16 Nov '20 - 09:59 - 4768 of 4772

HodHasharon>>CPI will NOT be 140p by Xmas then?..."

The CFO hadn't done-one at the point that prediction was made. We need more clarity on this in my humble opinion.

[1me me] 16/11/2020 10:19

Want to het back in at 26p thats all

[albert3591] 16/11/2020 10:17

Shoddy how do you get your recently price.

[1me me] 16/11/2020 10:10

Back to 26p

[jotoha2] 16/11/2020 10:00

Let the trend be your friend , major holders are not panicking , 150p target still very much in place.

[topnotch] 16/11/2020 09:59

HodHasharon>>CPI will NOT be 140p by Xmas then?...

[hodhasharon] 16/11/2020 09:50

31-32p is my re-entry point. Looks like the market has discounted the CFO news and I might never get back in. I'm happy taking profits for now. Good luck fellas.

[jotoha2] 16/11/2020 09:48

One can only assume Butcher was not up to the task , especially with asset disposals. We need confirmation as to where that process is presently.

[topnotch] 16/11/2020 09:43

Good job you saved it

Maybe he meant someother XMas?

[aljm] 16/11/2020 09:39

wonder what happened to this post ?

HodHasharon12 Aug '20 - 15:30 - 4051 of 4763
0 3 0
CPI will be 140p by Xmas. Save this post.