Capita Share Discussion Threads

[xcap1] 31/5/2024 19:57

I didn't check the symbol so can't tell if it's cross trade

[xcap1] 31/5/2024 19:56

Well it's been reported , so must be official , looks like a worked order , at 14.26p should be a 'buy' although mms do (they shouldn't) report trades as late as a week sometimes , but looks like a buy to me

[feelthepain] 31/5/2024 19:39

Is that 68 million shares traded for real?

[feelthepain] 31/5/2024 19:37

Being out of touch is nothing to do with it. The issue was he kept giving deliberately false information about progress of the company.

[youngers] 31/5/2024 19:07

And somebody selling?

[gripfit] 31/5/2024 18:45

Clearly somebody buying

[dealy] 31/5/2024 17:39

a 68m share block reported. That is 4% of the company

[diku] 31/5/2024 12:02

Morale of story all too often is CEO's are out of touch from day to day functioning of company...

[al101uk] 31/5/2024 11:52

"worst was Jon Lewis Despite having more than 1 billion GBP from fundraising and asset sales"

From Capita's 2017 annual report:

Loss for year: £513 million
Debt: £1.5 billion

Auditors note:

We draw your attention to note 2(b) on pages 97-98 which indicates that there is a material uncertainty relating to the Group and Parent Company’s ability to continue as a going concern.

and

In light of the recent publication issued by the Financial Reporting Council (the FRC) which served as a reminder of Boards’ reporting obligations, particularly for those in the construction and business support services sectors, the Committee has also considered whether the Annual Report and Accounts enable readers of the statements to understand the Company’s financial position and prospects as well as assess its going concern status and longer-term viability.

and from the Chairman

Capita has taken on too many low-margin/ high risk contracts and has amassed too much
debt in support of acquisition-led growth. At the same time, it has under-invested in its infrastructure (especially in those functions that provide the oversight that a business of Capita’s complexity requires) and as a result has made insufficient investments in financial and operational controls for a business of its scale

Yep, definitely JW's fault, all went downhill from there :-/

[gotnorolex] 31/5/2024 11:37

With Labour there'll be more red tape, a silver lining for CPI but the sting in the tail will be new workers rights and higher gains taxes!

[xcap1] 31/5/2024 11:28

Surely a recovery play here, unveiling of new business plan 13 June, he wants to integrate all the various IT divisions. Capita has to be in the one sector where AI will drive efficiencies and economic growth and value and this CEO should know what he's doing with his background.

[heatseek77] 31/5/2024 10:34

So let's look at Adolfos past Amazon, LT. At SDL bought in as CEO turned it around changed the business sold on for multiples for shareholders 🙌🙌🙌🙌

[heatseek77] 31/5/2024 10:32

20pTrader again history the past 👋 JL

[trader4ever] 31/5/2024 09:53

At one point CAPITA use to be British ICON company on the stock market but unfortunately Incompetent CEO's of capita have brought this down to this level and the worst was Jon Lewis Despite of having more than 1 billion GBP from fundraising and asset sales he still could not revive this business purely because he had NO ability and competency to be in the CEO position.

It was the worst mistake of the institutional investors to hire him for Capita's CEO position

[heatseek77] 31/5/2024 09:23

FTP only 1 director is still around from when JL was hired

[heatseek77] 31/5/2024 09:22

Traderhasnever totally agree re JL but 👋 that's history, different times
Scott Hills never been busier....

[trader4ever] 30/5/2024 14:07

JL was a disaster, he should have never been hired for this position or he should have been fired long time ago when it become apparent that he did not have the ability to run this company.

He actually destroyed Capita and brought it down to its worst condition. current share price is a clear evidence of his poor performance.

But it serves institutional investors right as they did not take right action at the right time.

[feelthepain] 30/5/2024 13:57

Hopefully AH is the right man. My concern is, the directors who appointed him are the same ones, presumably, who showed bad judgment over a sustained period of time with JL

[gotnorolex] 30/5/2024 13:52

He's been highly successful but too old now, was the King Pin in the Institute of Public Administration, still thinks Android is a fictional robot! He made his best consultants redundant to start Capita. Know nothing about Paul Pinda
We need a business technocrat and believe the new ex Amazon guy is the correct fit!

[heatseek77] 30/5/2024 13:20

Imjust ...your probably right

Bigdave - rods got too much on fighting the neighbours 🤦😂

[heatseek77] 30/5/2024 13:19

Traderhasnever only been one in last 10 yrs 🤦 and he was a one trick pony... Adolfo is German Spanish and obvs you've not done your research again Google software and sdl

[bigbigdave] 30/5/2024 11:24

Bring back Rod Aldridge and Paul Pindar!

[trader4ever] 30/5/2024 11:07

It seems like British CEO's don't have the ability to run complex business like Capita. They have all failed in the last 10 years.

[imjustdandy] 30/5/2024 10:10

Another sitting duck for the Yanks to buy

[heatseek77] 29/5/2024 13:13

Grip yeah really 🤦