Share Name Share Symbol Market Type Share ISIN Share Description
Capita Plc LSE:CPI London Ordinary Share GB00B23K0M20 ORD 2 1/15P
  Price Change % Change Share Price Shares Traded Last Trade
  0.20 0.7% 28.68 161,726 10:29:24
Bid Price Offer Price High Price Low Price Open Price
28.66 28.78 28.70 28.28 28.28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 3,182.50 285.60 13.52 2.1 483
Last Trade Time Trade Type Trade Size Trade Price Currency
10:30:45 O 5,000 28.7212 GBX

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Posted at 03/2/2023 08:20 by Capita Daily Update
Capita Plc is listed in the Support Services sector of the London Stock Exchange with ticker CPI. The last closing price for Capita was 28.48p.
Capita Plc has a 4 week average price of 25.94p and a 12 week average price of 22.50p.
The 1 year high share price is 32.25p while the 1 year low share price is currently 19.89p.
There are currently 1,684,273,523 shares in issue and the average daily traded volume is 2,410,397 shares. The market capitalisation of Capita Plc is £482,375,936.99.
Posted at 16/1/2023 07:11 by aljm
Capita PLC Capita secures extension to deliver PIP assessments
16/01/2023 7:00am
UK Regulatory (RNS & others)


16 January 2023

Capita secures extension to deliver Personal Independent Payment assessments

Capita plc ('Capita') today announces it has secured an extension to its
contract to deliver Personal Independent Payment (PIP) assessments for the
Department for Work and Pensions (DWP).

The contract extension runs from August 2023 until February 2024.

PIP, which replaced the Disability Living Allowance in 2013, is designed to
help people with a long-term condition or disability lead independent lives by
providing additional financial support.

Capita has been contracted by the DWP since 2013 to deliver functional
assessments in the Midlands and Wales and produce reports which are reviewed by
government case managers alongside other evidence.

Al Murray, Chief Executive Officer of Capita Public Service, said: "We are
proud of our work delivering PIP assessments on behalf of DWP. This extension
is testament to our strong track record for delivery and longstanding
relationship with our client."

Notes to editors:

The total IFRS 15 transaction price (order book) is £53.8m.

For more information, please contact:

Investor enquiries
Helen Parris, Group Investor Relations
Tel: 07720 169269

Media enquiries
Capita external communications
Tel: 0207 654 2399

Posted at 12/1/2023 11:41 by abryer
If you look at historical share price this rose from 32p close on 19/7/21 to 48p on 13/08/21 (50% 19 trading days) so rise can be sharp
Posted at 28/12/2022 10:44 by topvest
Well I have started a small position here. It does look like the recovery story is working and the business looks in reasonable shape for 2023 with strong market positions. The business is also a possible bid target given a lot of the heavy lifting recovery work is out the way. By mid-2023 it looks like the non-core disposals will be done and there will be minimal net debt and 2 focused divisions (one public sector and the other private). Looks to be worth at least x2 or x3 the current share price. Chart has been flatlining as well. Not broken out, but looks quite close. Dividends should also be back on the radar for later in 2023 with minimal net debt (pre-leases).

Does anyone have any views on whether demerging one of the 2 divisions might create some value or is there more value on keeping public and private together? I think very much the latter.

I do have some very limited experience of Capita as a customer as the Pension Solutions business are the administrator for my defined benefit pension that I took at 55 and they seem to do a sound job. Sir Ian Powell was the Chairman - he was my ultimate boss in the past whilst at PwC and was a fantastic guy from the Midlands, although he has now completed his 5 year term. People picked by Ian Powell are likely to be top drawer in my experience and so that bodes well for the continued recovery story.

Enterprise value is c£0.5bn versus c£3bn of turnover. On a P/E of 6 and EV to EBITDA of 5 - leases significantly distort the metrics. Anyway, if this can move back to growth in 2023 and 2024 and start paying dividends it should approximately double in my view. Always some risk of further problems, but on balance the positives outweigh the negatives. Lots of value investors on board already, but seems to be in the latter stages of a stage 1 neglect phase. The share price should move into a stage 2 advancing phase at some point soon is my hopeful prediction. By soon, I mean in the next 6m or so, so I may have been a tad early.

Posted at 06/12/2022 15:39 by pinemartin9
trading update should be very good. current share price weakness a buying opportunity IMO.
Posted at 04/11/2022 09:23 by dipa11
One more thing price or trade control with 2 or 3 digit selling or buying to hold certain rise in share price.Good luck
Posted at 26/10/2022 10:50 by jas0701
CPI haven't moved up much compared to other shares. Dow and ftse have been going really high up whereas CPI is lagging behind. its going to be a late reaction!!Don't sell.CPI will take off in a big way and 29p will be easily reached.
Posted at 29/9/2022 13:28 by davidbennett
Sent this message to Stuart Morgan yesterday:

Morning Stuart

Just seen the movement in Capita’s share price today, obviously in line with the general market sentiment. Maybe accentuated by the debt and possible increase in servicing costs if interest rates increase as predicted.

Would I be able to ask whether all the borrowing is on fixed terms or variable, or track the base rate etc. Presumably this info is in the public domain so ok to divulge? How does it work?

How things can change so quickly!! Maybe Jon can buy some shares, underpin the share price!!

Kind regards

And got this response:


We’ve fixed most of the interest rates so little impact, but if we’ve paid most/all of it back by June next year then it doesn’t matter. I think we’re just caught in a difficult market and our extra volatility is reflected in our share price vs peers.


Posted at 30/8/2022 16:15 by kaos3
CPI & PE & financial deals - I am not so sure as I was that the deal is being prepared (by share price "manipulation" observations) - because many deals are not being taken by the market - hard to get cheap enough finances , incoming macro risks etc....

so share price is being let alone more and more to the "real" market. meaning nothing spectacular until it can pay divi again.

all imho

Posted at 12/8/2022 13:28 by whoknowswat
Had a read of the shareprophets article mentioned by heatseek77, pretty backward looking in my opinion, and not how I see capita.

Transcript below for anyone who wants to read it.

Just under eight months ago HERE I gave Capita (CPI) - which describes itself as “supporting the justice system through smart technology solutions” - a slightly alternative name. I remember first using such an alternative name many years ago - and it is certainly neither unique or particularly smart. But it kind of captures well the company’s struggles over the last seven or eight years where its share price contraction stands at well over 90%. How striking for a company which many will remember its epic 1990s (and initially beyond) performance.

I guess the better news for Capita shareholders today is that at least it is not at a new year-to-date low. Whilst the stock has fallen nearly 30% so far in 2022, the year-to-date halving of the share price peaked out back in February and March. So, if you have (sensibly) managed to avoid the company’s shocking share price of most of the last eight years, but decided to put a few quid at work four or five months ago in the name, you are probably feeling a bit of a genius. Congratulations if this is you. The trouble is though that each dog can have its day, and when I look through Thursday’s half year results, it still left me with more questions than answers.

It is certainly no disaster to read that Capita perceives that it is “on track to grow Revenue and sustain delivery of positive free cash flow”. It is always nice to hear about “group book to bill at 1.1…new structure driving pipeline growth particularly for Public Service…(and) free cash flow improved by £72 million as prior year payments fall away”, but harsh reality is not as compelling. After all, the differential between the company’s reported and adjusted H1 2022 numbers is just a little bit different with the former having an operating loss of £51.2 million compared with a gain of £52.2 million for the latter. Stuff happens with a lot of corporate names and their reported numbers, but when a just shy of £460 million market cap company also had end of June net debt of just over £710 million, it tends to have a bit more influence.

Whilst it is nice to read about “Royal Navy training and Job Entry Targeted Support (JETS), Turing scheme and Northern Ireland Education Authority contracts in Public Service together with smaller wins in Experience”, plenty of other stuff is happening too. Apparently first half numbers were “not affected by any new contract losses or prior period losses included 3UK, Carphone Warehouse, Npower and William Hill”. In short, it is working hard to get more government-linked cash flows. Smell the love from Capita for the UK going even more Scandinavian over the next decade or so. The reason why the numbers remain volatile is centred on the combination of government love, business exits and a bunch of (continuing) “goodwill impairment of Property and People pillars”.

Capita will continue to exist, aided by deals with the government and plenty of revolving credit facility (RCF) access which is “building a better-quality portfolio of contracts”, but you don’t pay a big multiple for this. And whilst the debt will come down helped by about £30 million of likely free cash flow in FY22 and the early August announcement of an “agreed to sell two real estate and infrastructure consultancy businesses to WSP for £60 million on a cash-free, debt-free basis”, it remains a tough old world.

I know you can factor in lower “pre-IFRS 16 net debts” numbers and hopes of £100 million+ of operating profits and getting closer to £50 million free cash, but good luck with thinking this name is in reality a sub x10 EV/EBIT / 10%+ free cash flow yield player. Reality is somewhat different. Each dog can have its day but if you were lucky enough to make a bit of profit buying this stock a few months ago, I would exit stage left if I was you. Consistent with my thoughts of December last year (and before then), my view remains AVOID."

Posted at 11/5/2022 09:01 by kaos3
Wiseman - few further non conclusive thoughts:

as we all learned - the longer the share price stays at this level - the lower the final bid - regardless of the perceived/real value (your AA. expectations and reality confirmed my bias - towards present reality)

timing - there is a window of opportunity that is slowly closing - getting the low cost financing for the deal (ebitda margin vs cost of financing at the same duration including margin of safety)

I learned at AA., AMER and few others - there never is a competitive bidding any more

what I am missing here to make me sure of a TO is "paper games" eg. no large holding disclosures - not in shares - but in proxy paper - at CPI size that would be needed

there are still few months to go before the window of opportunity for a TO is closed - and potential institution will use it to its full advantage - meaning they will wait to the end for max effect - we will stagnate at this low share price range

what I do not know (cant evaluate) how easy is CPI replaced by its customers once the contract is over. It could be quite binary. as number of important customers is not that large in the end.

all imho

Capita share price data is direct from the London Stock Exchange
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