Capita Share Discussion Threads

[heatseek77] 01/3/2023 17:16

Ale as pine mentioned any chart updates?

[heatseek77] 01/3/2023 17:15

Did anyone post Peel Hunt target of 48p from 23rd Feb? Lets hope we break and hold that 30p tomorrow 🤞

[heatseek77] 01/3/2023 16:27

Pine I think I was April @22p first buys, good luck all tomorrow, Imho JL will move this forward at last

[davidbennett] 01/3/2023 15:55

Still holding here too, haven’t posted for a while but watching with interest. As usual you other posters give me confidence, Aleman maybe we can see a chart sometime tomorrow!!

Fingers crossed for tomorrow and good luck to all holders

Cheers, DB

[heatseek77] 01/3/2023 15:39

Wondering close price i think they'll put it to higher 28s or 29p 🤷

[pinemartin9] 01/3/2023 15:39

Good luck holders for tomorrow. We've been in this one together for a while now so let's hope for a good day. My average is 33p - bought in two chunks. Too early at 38p some time in 2021 and then a more recent top up at 21p in March last year, which is one of the few times I may have actually picked the very bottom. I'm still about 10% underwater here so hoping that I can pop my head above the surface tomorrow!

GLA.

[heatseek77] 01/3/2023 15:38

Any bets on close price today?

[aleman] 01/3/2023 14:32

Key to tomorrow is consensus post IFRS debt (inc leases and swaps) to drop from £880m to £545m and pre-IFRS to drop from £289m to maybe just £50m+? After that it will be about how analysts interpret contract news (inc inflation-proofed revenues for most) and expenses, with free cashflow expected to rise from £6m to £35m in the continuing businesses in 2023, plus some more minor divestments which should eliminate all traditional debt and a possible return to paying a dividend if free cash is more than enough to support planned contract bids.

[heatseek77] 01/3/2023 10:18

Dipa resistance according to that great site marketscreener 🤔 at 33.31p and 38p
Gripfit agree imho was it moving quick enough for JL ?
Aljm disagree nothing to do with bots

[gripfit] 01/3/2023 10:00

It’s bombed out share price will be in the mind of the board , and they will want to get it riding again

[aljm] 01/3/2023 09:55

see the MM's are keeping price fixed with their bots..... guess they dont want to be caught out either.

[heatseek77] 01/3/2023 09:48

prediction is 🤞 break and hold above 30p, if nothing new on top of what we already know and priced in since Dec 2022 update then levels

[heatseek77] 01/3/2023 09:43

dipa think your off there mate, but be a bag for me so 👍🏻

[dipa11] 01/3/2023 09:21

Full year result on 02nd Mar 23.hTtps://www.capita.com/investors/investor-news-and-events#3925188384-1976212489After result any price prediction on opening tomorrow?My one is 40 pence if they reduced the debts Good morning

[heatseek77] 01/3/2023 08:44

Agree though if results are good and possible more news on disposals then 30p should be taken out 🤞

[heatseek77] 01/3/2023 08:42

Seems more selling this morning Ale

[gripfit] 01/3/2023 08:31

Yes I agree… once 30p is broken , it should see 40p reasonably quickly … rapidly if there is a divi re instatement

[aleman] 01/3/2023 08:22

It's a recovery stock and numbers seem to be steadily going the right way. You usually need to build a bit of a base to take out a round number and it is doing just that. There is not even much selling volume to overcome at these levels so modest buying should be enough to do it. If there are no set backs in the results it should take out 30p.

[heatseek77] 01/3/2023 07:54

Poor finish last night assuming it'll be folk taking any profit off the table before results.

[heatseek77] 28/2/2023 11:44

Pine I think the conservative investors will be waiting till the 30p is taken out.

[heatseek77] 28/2/2023 10:14

I wonder if they would pitch for the TV licence contract again, wouldn't have thought long term they want to continue 🤷

[pinemartin9] 28/2/2023 09:19

Agree Aleman. These results are to set a tone for the future and growth from this level. If forecasts are the higher end of expectations we could see a significant re-rating. Also, I think there will be the more conservative investors waiting for results here before buying in. Very few would buy in so close to results. Hopefully we could see a scramble for shares as new buyers come in. I think we know that very few existing holders will sell at these levels. They've had plenty of time to do so and the share price has been consolidating for a long time. Few shorts open on this too so primed for the longs to push this higher. GLA.

[aleman] 28/2/2023 09:03

Most of the conventional debt has already been eliminated (leaving derivatives and leases). The businesses sold have taken some free cashflow with them, leaving little in ongoing business for now. This will improve as some poor legacy contracts expire. The cashflow prospects from ongoing and new contracts should become much clearer with these results. The consensus is £35m free cashflow in 2023 from £6m in 2022 in the remaining core business. The real question is what forecasts for 2024 will be. Capita are growing again and margins improving so there is every chance new forecasts will make the shares look good value. Debt is no longer the issue after last year's disposals.

[bc789] 28/2/2023 09:00

Good results by Serco today. Bodes well for Capita on Thursday

[heatseek77] 28/2/2023 08:45

Pine would be nice but we know about debt reduction etc imho next leg depends on sale of the other businesses.
How many are left to off load? it 6 or 7 off top of my head