Capita Share Discussion Threads

[dipa11] 09/3/2023 10:20

Correction 40.90 pence

[dipa11] 09/3/2023 10:19

Don't forget 3 millions plus purchase in the morning around 4090 pence Good day

[sr2day] 09/3/2023 10:11

Slowly working its way down to my initial target of 36p.

[heatseek77] 09/3/2023 09:58

STH leaving the building then 🤷

[dipa11] 08/3/2023 18:16

(Alliance News) - Capita PLC on Wednesday said it agreed to sell Security Watchdog for GBP14 million, while on Monday it also agreed to sell its Resourcing, HR Solutions and ThirtyThree businesses for GBP21 million.On Wednesday, the London-based outsourcing services provider said the sale of Security Watchdog, a pre-and-post-employment screening solutions provider, was to Matrix. Matrix is owned by Bridgepoint Development Capital, which in turn is part of Bridgepoint Group PLC.Capita said the Security Watchdog senior management team and employees will remain with their business as it transfers to the ownership of Matrix."We are pleased to have agreed the sale of our Security Watchdog business to Matrix following a competitive sale process. This was one of a number of Capita businesses which were successful but did not form part of our core growth strategy, and which will benefit from opportunities under new owners," said Capita Chief Executive Officer Jon Lewis."The sale marks another step for our successful disposals programme which has enabled us to significantly strengthen the balance sheet and materially reduce our debt. We are targeting for the majority of the remaining businesses within our non-core portfolio division to be sold during the first half of 2023, depending on general market conditions."On Monday, Capita also exchanged for the sale of its Resourcing, HR Solutions and ThirtyThree businesses to Inspirit Capital.It said it expects to receive cash proceeds of around GBP17 million, including a deferred payment of around GBP7 million receivable by Capita on November 30 this year.Capita claimed the disposed businesses are "some of the UK's leading providers of human capital resourcing services to both the public and private sectors". It also confirmed the senior management teams and employees will remain with their businesses as they transfer to the ownership of Inspirit Capital.The sale to Inspirit Capital is subject to National Security & Investment Act approval.On Thursday last week, Capita said annual profit fell steeply while revenue declined.Pretax profit dropped 79% to GBP61.4 million in 2022 from GBP285.6 million in 2021, while revenue also decreased by 5.3% to GBP3.01 billion from GBP3.18 billion and gain on business fell 60% to GBP166.9 million from GBP419.7 million.However, Capita claimed the results were its best set in six years, instead pointing to a swing to an adjusted operating profit in 2022 of GBP16.2 million from a GBP100,000 loss in 2021.It said this reflected adjusted revenue growth of 10% to GBP249.8 million from GBP226.5 million. These figures were adjusted for disposals.Shares in Capita were down 0.6% to 42.04 pence each in London on Wednesday around midday.By Greg Rosenvinge, Alliance News reporterComments and questions to [e-mail]

[gripfit] 08/3/2023 16:07

A deal is deal

[heatseek77] 08/3/2023 16:01

grip yep, do you think was a bit cheap though like with HR business? 🤷

[gripfit] 08/3/2023 10:48

Another disposal … should be net cash very soon

[heatseek77] 08/3/2023 08:43

Looks like although went through 42/43p resistance yesterday it's in a battle with it again 🤷

[gripfit] 07/3/2023 19:42

Never say never …

[skinny] 07/3/2023 17:36

Sometimes, less is more!

[gripfit] 07/3/2023 16:38

£2 for Christmas 🎅🏼🎅🏼

[dil 21] 07/3/2023 16:34

sr2day seems to have upgraded these from going back to low 30’s last week to 36p today.

Good job no one listened to him last week , he’ll be re rating them up for the next couple of years until one day he gets it right.

[dipa11] 07/3/2023 14:18

Bought few more today as shorter are out.Share price will be now stabilise. Broker update and future dividend is main target for upwards shares price.Good luck

[aljm] 07/3/2023 13:14

lots of 25K's going through , filling an order ?

[eodfire] 07/3/2023 13:13

Taking a breather. Quite normal after a good run.

[sean cadman] 07/3/2023 13:10

Well I think gripfit wins the grammar battle ?

[sr2day] 07/3/2023 13:07

not any more ridiculous than yours.time will tell.see your profits if any evaporate dude.

[gripfit] 07/3/2023 13:00

Well come on … what a ridiculous opinion u had … short it then my friend

[sr2day] 07/3/2023 12:50

don,t you provoke others by calling them idiots just because they have different opinions.otherwise there would be no frigging market you fool.

[gripfit] 07/3/2023 12:47

Nothing goes up in a straight line …

[gripfit] 07/3/2023 12:47

The real nutters are the ones who sold this down to 20p

[gripfit] 07/3/2023 12:46

SR2 …. Foul mouthed .. RED CARD !!

[pinemartin9] 07/3/2023 12:37

Or time to buy. Maybe people want you to sell...?