Capita Share Discussion Threads

[gripfit] 03/3/2023 08:15

Yep .. 50 p easy now

[eodfire] 03/3/2023 08:12

Lots of juicy buys going through this morning. Good luck all holders.

[heatseek77] 03/3/2023 07:54

Grip fomo Friday 🤣😂😉
No doubt JL will be in the papers over the weekend

[wilksey1] 03/3/2023 07:51

if cpi go back into the ftse250 does that mean tracker funds will need to start buying anyone know........

[gripfit] 03/3/2023 07:17

Interesting to point out that in early 2020 , it went from around £1.70 to 23 p in a matter of days …

I am expecting 50p minimum very soon

[boadicea] 02/3/2023 16:59

A couple of essentiual points from the report -
1. (quote) Net financial debt (pre-IFRS 16) of £85m as a result of our successful disposal programme; net financial debt/adjusted EBITDA (pre-IFRS 16) 0.5x (2021: 3.7x)
2. The 2021 accounts were qualified by the auditors emphasising the going concern issue. There is no such emphasised issue for the 2022 accounts.

There are plenty of factors to muddy the water arising from its history but non-cash balance sheet effects need to be sensibly discounted.

[pinemartin9] 02/3/2023 16:52

Funny how these tings work out but share price wise we are pretty much where we were at the height of the Covid meltdown in March 2020. We've paid down a lot of debt, are in better shape and don't have the unprecedented market sentiment and negativity around that was pervasive in March 2020 and onwards. I know gut feel is never an investment philosophy, but my gut is telling me that these should be more like 50p.

[fewdollarsmore] 02/3/2023 16:45

Thanks I think 250 re entry is likely which will help the northward movement.

[skinny] 02/3/2023 16:42

Uncrossed 928,362 @34.86p - just shy of the day's high.

[gripfit] 02/3/2023 16:40

More tomoro ???

[my retirement fund] 02/3/2023 16:40

Stiff resistance was shown at 35p. today. I would guess this could be a short-term ceiling. Multiple challenges were made, but the order book just got swamped with limitless offers here.

[pinemartin9] 02/3/2023 16:36

I think that's the point. Turnaround has been confirmed. It has been evolving for some time now as holders have been aware, hence some buyers from 21p. The news today has confirmed the case. Markets look ahead so expect buyers on the back of today's news. A giant is reawakening.

Finishing on the high of the day volume highest for almost a year very bullish. Well done all.

[boadicea] 02/3/2023 16:35

FEW$ - Try this:


CPI is no.362 as at last Friday.
The 250 index notionally runs from 101 to 350 inclusive, subject to entry/departure rules at the ends. Entry becomes progressively more probable from 350 and guaranteed at 325.

[edmondj] 02/3/2023 16:23

Debt coming down aided by disposals but yes, £82 million operating loss and £32 million interest charge - which must likely remain high, given interest rates are rising. £61 million pre-tax profit achieved assuming £167 million disposals above the line.

Unless there is some whopping goodwill impairment charge within the admin expenses - £169 million noted in note 5 - but the variables in the income statement appear broadly similar year-on-year.

Apologies but I don't have time to unpack a pretty complex release right now. Looks as if a turnaround is evolving, way to go though.

[justiceforthemany] 02/3/2023 16:03

Looked at this but the debt levels are still huge. Try calculating the debt to equity ratio...Also still making a loss.

[fewdollarsmore] 02/3/2023 15:37

I cannot see CPI on the 250 list on the lse website, the lowest mcap is 314m...

[prokartace] 02/3/2023 15:02

Halved my loss today so some progress!!

[boadicea] 02/3/2023 14:49

Based on last Friday figures, the lowest two contenders for the 250 are DVO and RWI. We are now (at 34p) ahead of both of their capitalisations at that date.

[dil 21] 02/3/2023 13:18

Today is the beginning.

Expect us to be back in the FTSE at some point this year.

Onwards and upwards.

[heatseek77] 02/3/2023 12:59

Popped through first resistance at 33.61p then 👍🏻😁

[dipa11] 02/3/2023 12:49

Just now we reached 1% of the turnover & set new based price level further more price increase & turnover in pipeline

[pinemartin9] 02/3/2023 12:35

Agree. No shorts here. This is gonna pop.

[heatseek77] 02/3/2023 12:35

Pine you evens now bud 😉

[fewdollarsmore] 02/3/2023 12:21

I would t worry about short positions I believe we are in a different scenario now as in value will shine through. Back to growth with a tightened balance sheet and talk of divi resumption all music to analyst ears