Capita Share Discussion Threads

[qsmeily456] 15/12/2020 12:44

There will be a fund raise dealy just like your other share love 💘

NO DEAL would see this hit 20's

Massive debts and cash burn hence the fire sale going on.

[dealy] 15/12/2020 12:02

no new bad news here. The disposal means there is no need for a fund raising. Operations will continue to be optimised. Plenty of new business to win.

[recut more] 15/12/2020 11:27

HodHasharon - Yep, I just sold out, was hoping for more here but I can only see this drifting now...may get in another day but much lower, over and out....

[sami69] 15/12/2020 11:02

Hod:

You maybe right but do you think Schroders are wrong in their large purchases above 20p?

[hodhasharon] 15/12/2020 10:56

Morning fellas,

I know it's hard to take, especially when you're sitting on a loss, but CPI is heading much lower IMHO (sub 20p).

There are so many multi-baggers out there (ODX, GDR, DDDD, TILS, AVCT).

Cut your losses and buy a few at the bottom in summer 2021-ish.

I was all for getting back in at 32p, but from where is the next materially significant news coming from to push this up further?

[hatfullofsky] 15/12/2020 10:46

Add to your list - No sustainable cash flow for 1 - 2 years

[dealy] 15/12/2020 10:08

this is very disappointing. shares were 150p at start of year

[the count] 15/12/2020 09:21

--->TOFFEEMAN

Not sure who compiles the ADVFN figures, but I have gone back to CPI's ACTUAL H1 results, released on 18-8-20.

On there, they give a NET DEBT figure of £1,096.6m, and that is accurate BEFORE any disposals since June, 2020.

Forget what ADVFN post up.

Regards,

THE COUNT!

[valuetracker] 15/12/2020 08:57

Selling an asset to clear debt is great, but you're now a 400million smaller business, and that revenue generating asset is no longer supporting the balance sheet. That's why CPI will test all time lows.As will IAG.

[owlbaby] 15/12/2020 08:49

Not sure what debt figure is but going from statement of half year result to June this is what I have to help with the discussion - please correct if missing something - sorry i/adv for formatting

hxxps://www.capita.com/sites/g/files/nginej146/files/2020-08/capita-half-year-results-2020_0.pdf

Page 25

Assets are positive,(liabilities)in brackets & all figures in millions

Cash 756
Overdraft (397)
Financial liabilitie in 1 yr (160)
Financial liabilities > 1 yr (1,009)

Net liability subtotal (810)
Leases in 1 yr (79)
Leases > 1yr (449)

Total including lease obligations (1,338)

ESS - less these elements of proceeds
Net liabilities assumed by sale 57
Consideration settled in cash 295
Consideration due on regulatory approval 45
i.e 397m to come off (1,338) = (941)
plus cash movement in/or out for trading period since 30 June.


& out of the consideration 50m will be returned to a Pension Scheme in repayment of a loan taken out on backing of IP owned by ESS*, assumed to be in the financial liabilities figures above. (*who thought that wheeze up?)

Its a sell IMO because of the P&L strength & prospects see lower part of Page 29 on link above which is before items that will be assessed fully at YE.

[toffeeman] 15/12/2020 08:30

>> Count - click on Financials - gives debt

[dealy] 15/12/2020 07:08

Panmure still has a sell on this despite welcoming this transaction (today's FT). So many crazily over valued tech shares and yet brokers think this is a sell

[the count] 14/12/2020 22:53

--->TOFFEEMAN

Can you verify those figures?

And you do know it is totally illegal to post false information about any company, don't you?

THE COUNT!

[martinpmh] 14/12/2020 17:15

2.6bn...where have you got that from..more like 600m after disposal

[toffeeman] 14/12/2020 17:09

Don't forget the debt £2.6bn after the disposal

[jotoha2] 14/12/2020 16:59

Clearly the market is not in love with CPI , £750 mkt cap and we have £400 million coming in from an initial investment of £10m , very impressive , the share price will soon get to £1.50 , will take another slug at 40p if it gets there .

[rafflesintheuk01] 14/12/2020 16:40

Fund % Short Change Date Changed
Sandbar Asset Management LLP 0.67 -0.05% 3 Dec 2020
Total 0.67%

[recut more] 14/12/2020 16:33

Shorts already closing according to research tree on Friday, down from 1.17% down to 0.67% someone knew the RNS of the sale was coming.

[toffeeman] 14/12/2020 16:25

Toffeeman - 09 Dec 2020 - 16:00:00 - 5450 of 5530 Capita with Charts - CPI
If it's a double top target is 33

[albert3591] 14/12/2020 16:21

I think some are already burning.

[rafflesintheuk01] 14/12/2020 16:19

PaV, Don't bite! Why credit someone with knowing better than you?
Shorter's should all get burned soon.

[valuetracker] 14/12/2020 15:11

You've now played your trump card and still no rally. 20p commeth!

[patience a virtue] 14/12/2020 13:37

Totally agree with you Recut, another piece in the jigsaw. Onwards and upwards.