Capita Share Discussion Threads

[heatseek77] 05/3/2023 12:43

DB this is gist of it :

Capita Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 6.5%. Earnings per share (EPS) also surpassed analyst estimates by 132%.

Looking ahead, revenue is expected to decline by 1.4% p.a. on average during the next 3 years, while revenues in the IT industry in the United Kingdom are expected to grow by 14%.

[gripfit] 04/3/2023 21:08

It’s nothing special TBF … let the market do the talking … Monday will take us over 40p comfortably ..
I look at as the opposite of when a share price drops … it usually keeps falling if bad news is in play .. this is the opposite

[davidbennett] 04/3/2023 14:49

Heatseek - can you post the text of the simply Wall St write up please? Cheers DB

[heatseek77] 04/3/2023 14:08

Have to agree dipa easy target for PE. Good write up on simply wall street today 👍🏻

[dipa11] 04/3/2023 12:39

I think this is on takeover target as since last 2 days turnovers plus price increase but still it is cheaper @ current price. We will see further up next week and broker recommendation dueGood luck to long time holders

[my retirement fund] 03/3/2023 18:31

Yes, those late reported trades make it higher volumes today

[my retirement fund] 03/3/2023 16:29

Can it beat yesterday's volume at close?

[patience a virtue] 03/3/2023 16:19

40p a share is still way too cheap for this giant.
It was 150p pre Covid and wouldn’t it be fantastic if it can get back to that level again in the future and why not?

[fewdollarsmore] 03/3/2023 16:19

Feel this is just the beginning, these were touching 50 when the co was in a far worse position. It's easy to be positive on a blue day and I do expect some zig zagging along the way... for me it is a case of sitting back and enjoying the ride

[eodfire] 03/3/2023 15:58

Pushing on nicely into the close. Not selling any shares until we've seen a decent rerate.

[heatseek77] 03/3/2023 15:28

Imagine our new IR director will have been on overdrive for the weekend press 😁👍🏻

[heatseek77] 03/3/2023 15:25

Blipped 39p push on to the 40p close 😁

[russ1983] 03/3/2023 14:59

looks like she's gone into auction as so much volume going through

[sellsell] 03/3/2023 14:55

Being cashflow positive will do wonders for this stock. Its finally profitable as well.

[heatseek77] 03/3/2023 14:53

Pine 👍🏻🤞 it took a breath earlier now seems to be back on it

[pinemartin9] 03/3/2023 14:49

Maybe I'm being greedy, but could we make a final push for 40p before the weekend...

[aljm] 03/3/2023 13:25

Interesting write up in the Times.

When Jon Lewis took over as chief executive at Capita in 2017 its debt was more than £1 billion - today it is £85 million

Dividend payments could resume at Capita next year after the outsourcer swung back to an underlying profit in 2022, a feat its chief executive said was “the culmination of a few years of damned hard work”.

Once the biggest of the British outsourcers, Capita has been in recovery mode since Jon Lewis took over as chief executive at the end of 2017.

One of his first moves to get the company back on track was to suspend the dividend. Over the past five years, Lewis and his team have sold several “non-core̶1; businesses, proceeds from which have been used to reduce debt. Another £485 million of businesses was sold last year.

When Lewis joined Capita, its debt was some way above £1 billion. It now stands at £85 million and by the summer the company is expected to have more cash than debts.

“The material uncertainty on the balance sheet has been removed,” Lewis, 61, said. “Between now and the half-year results in August, we will spend time defining and implementing the right capital structure for the business . . . and the board will make a decision as to what we may or may not want to do with regard to a dividend in 2024 or 2025.”

The possibility of the return of the dividend, plus a well-received set of full-year results, pushed Capita shares up 5¾p, or 19.7 per cent, to 34¾p, their highest level in more than a year.

Last year it did not have to compensate any clients for missing targets within its contracts, which range from recruiting for the army to running call centres for companies. That helped to lift adjusted pre-tax profits, which strip out the impact of the non-core sales, to £73.8 million in 2022, turning around a loss of £122.8 million a year earlier. Adjusted revenue rose by 2.4 per cent to £2.85 billion from £2.78 billion.

[dipa11] 03/3/2023 13:15

Today turnover is 1% Plus is a good sign Once again today we set the price base line price 37 plus pence Good luck

[heatseek77] 03/3/2023 12:22

hxxps://m.marketscreener.com/quote/stock/CAPITA-PLC-4007375/charts/

[heatseek77] 03/3/2023 12:21

Marketscreener has next resistance at 43.6p, 47.21p and 52.8p
support at 36.5p and 35.31p

So gets a 👍🏻👍🏻 from me

[pinemartin9] 03/3/2023 11:44

There are hardly any shorts open so new buyers I reckon

[babbler] 03/3/2023 11:40

Probably shorts closing

[pinemartin9] 03/3/2023 11:29

Encouraging to have such high volume on an up day after yesterday's volume. People joining the party. Weekend press will help. Happy days.