Capita Share Discussion Threads

[prokartace] 04/8/2023 06:29

If they have insurance why does the cost of the attack hit the profits?

[heatseek77] 04/8/2023 06:24

Jim whole section on cyber costs £20-£25m, accelerated timeline of beefing up estate protection included in that figure so a massive positive.
Also yes Capita did have insurance 👍🏻

[davidbennett] 04/8/2023 06:24

Capita 1H Adjusted Pretax Profit Beats Estimates
2023-08-04 06:07:45.25 GMT


By Simon Lee and Bloomberg Automation
(Bloomberg) -- Capita reported adjusted pretax profit for the first half-year that beat the average analyst estimate.
FIRST HALF RESULTS
* Adjusted pretax profit GBP33.1 million, +34% y/y, estimate
GBP29.6 million (Bloomberg Consensus) (2 estimates)
* Adjusted operating profit GBP56.5 million, +43% y/y, estimate
GBP49.2 million (2 estimates)
* Adjusted EPS 3.340p vs. 3.98p y/y
* Adjusted revenue GBP1.40 billion, +5.8% y/y
* Total revenue GBP1.48 billion, -2.6% y/y, estimate GBP1.51 billion
* Negative free cash flow GBP84.0 million

COMMENTARY AND CONTEXT
* FY Views Remain Unchanged
* On Track to Deliver Acceleration in Performance in 2023
* Target to double the Group EBIT margin over the medium term, underpinned by £40m cost savings by the end of 2024
* Expect to reintroduce dividend payments in the next couple of years, with a modest initial pay-out
* Expects net exceptional costs associated with the cyber incident of £20m to £25m reflecting the complexity of the forensic analysis of exfiltrated data. These costs comprise specialist professional fees, recovery and remediation costs, and investment to reinforce Capita’s cyber security environment, offset by anticipated insurance receipts

[jubberjim] 04/8/2023 06:13

The disappointing thing for me is

Still no mention of dividend

Couldn t see anything about ramifications of well publicised cyber attacks including how much will impact profit wise

The market will pass judgement I reserve mine staying cash liquid stress free

Good luck

[dipa11] 04/8/2023 06:03

hTTps://www.marketscreener.com/quote/stock/CAPITA-PLC-4007375/news/Capita-expands-global-relationship-with-ServiceNow-44506457/

[jubberjim] 04/8/2023 05:45

Well today is the day

It's a pity the market has been in such a downturn across the globe these last few days

Glimmer of hope as markets while not moving up have not been taking the big hits of last few days

I remain to be convinced

Good luck everyone

[gripfit] 03/8/2023 13:05

Judging by those 2 big buys earlier .. I suspect there’s been a leak ,, and it’s good news ..

[davidbennett] 03/8/2023 12:17

Well the only things I can think about are if there are any unforeseen financial costs arising from the cyber attack or lost contracts and lost revenue. I guess we will find out tomorrow. Fingers crossed.

[dealy] 03/8/2023 12:04

Metro bank announced great results on Tuesday and the stock is 5% lower now on tiny volume. Nobody took any notice. Possibly the same outcome tomorrow (good results but no interest)

[pinemartin9] 03/8/2023 11:42

Low volumes today...markets unsure on this. Let's watch this afternoon for any tick up in volume, could be an indication of a leak...I have a holding here already. My gut feel is that the results will be good, debt basically eliminated and the company on a sound footing. My head tells me now to increase my position at this late point.

However, I'm sure if results are as I expect we will see a significant increase tomorrow. Flip it on its head, what are the nasties that could come out that could negatively impact the share price?

[dipa11] 03/8/2023 09:35

hTTps://www.shorttracker.co.uk/company/GB00B23K0M20/Current declared shorting is 0.6% & sleepers shorting around 2% plus. So nearly 3% shorting to be reduced by shorter.Today turnover is most important. Good luck folks.

[dipa11] 03/8/2023 08:52

Any views for tomorrow result?Positive or Negative or maybe Stable.My one is positive. Good luck

[marine boy] 03/8/2023 08:25

Scroll down a bit to 'Financial Calendar - upcoming events'

Register for webcast

[heatseek77] 03/8/2023 08:09

dipa definitely seen as 4th August
Last time emailed Helen Paris said company focusing on the business (as my ? re the times) surely though after the nonsense the ft wrote the other day they should sling something at them though ...

[dipa11] 03/8/2023 07:48

Is it result tomorrow as there is no activity in share trading or i am wrong?Good morning

[gripfit] 03/8/2023 06:57

Or buy shares back ?
Or dividend ?

[marine boy] 02/8/2023 21:59

'Raised fund to reduce debt' - what utter nonsense.

[the codger] 02/8/2023 20:07

If a dividend is announced,this will really be the turning point.
I also believe a share consolidation to be proposed probably 10 old for one new.
This will thwart anymore shorting.

[dipa11] 02/8/2023 19:42

That has been already updated last result.Debts has been reduce by ways of selling business and last week raised fund to reduce further. Since lts two results was positive after covid-19. I am looking around 60 millions profit. @ CMC it is 20% and looking for dividend announcements.hTTps://www.capita.com/investors/results-reports-and-presentations

[marine boy] 02/8/2023 18:23

I'll be looking for confirmation that Capita is continuing on it's growth path and with debt reduction.

[dipa11] 02/8/2023 16:36

After result on 2nd Mar 23. This was a reminder. What will be price you are looking good for this one.

[marine boy] 02/8/2023 16:06

Also from 6th March 2023 - still an old target.

[marine boy] 02/8/2023 15:52

dipa11, that was from March 2023 prior to FTSE250 entry & data breach. Wonder what their current target is.