Capita Share Discussion Threads

[ilovefrogs] 26/10/2016 11:01

Good news. Just imagine how much short covering needs to be done when the first bit of good news arrives. As a holder, I love to hear a stock's well shorted - it just means there's some guaranteed latent buying which will need to be done in the future!!

[oakville] 26/10/2016 09:40

Listed amongst the top 20 most shorted stock in the Uk.

[blueball] 26/10/2016 09:35

No idea froggy.

[ilovefrogs] 26/10/2016 09:34

Indeed, but why?

[blueball] 26/10/2016 09:29

In freefall this morning.

[shah44] 19/10/2016 13:52

Sorry ignore last question - it is no longer in top 10 holdings, as at end September it is 11th.

[shah44] 19/10/2016 12:12

Why is capita no longer in top 10 holdings for woodford's equity income fund?

[mj19] 19/10/2016 11:25

Woodford newsThe largest detractor from performance was Capita, which issued a profit warning towards the end of the month. We have always accepted that there was some cyclicality within Capita's business but a number of other issues have arisen, some of which are one-off in nature. As you would expect, we have met the management to delve more deeply into the issues that the company faces and are reassured that the company is already doing some of the things it needs to do in order to restore the business to a healthier growth trajectory.Although the market is clearly worried about the sustainability of Capita's dividend and the prospect of a dilutive rights issue, we are confident that the dividend is safe and that an equity issue will not be required. Nevertheless, this was clearly a disappointing update from the business but, as is so often the case in these situations, the market's reaction looks disproportionate. We added slightly to the holding towards the end of the month at a very depressed share price level.

[tim 3] 19/10/2016 09:02

This is more like it.

Chart wise 600 is of course major long term support if it can stay above should form a foundation for further upside however it may want to retest it at some point.

[playthebull] 13/10/2016 13:06

Just entered the fray. Fingers crossed!

[salpara111] 13/10/2016 09:26

Well, it hit my previously posted target of £6 and I took a small stake at 585.

[minerve] 12/10/2016 12:07

Is Woodford starting to increase his position?

[leonidas] 12/10/2016 10:42

Is CPI on the move.....................???????????????

[blueball] 11/10/2016 18:58

Careful its a Kumo breakout bear signal.

[kunama] 11/10/2016 17:22

Hi Minerve

I hope you're right. I'm hanging on too.

[minerve] 11/10/2016 16:37

I haven't sold. I don't see any fundamental change here and the same factors that affect CPI do not seem to be affecting shares in other outsource companies [edit] -> to the same degree.

[minerve] 11/10/2016 16:32

It won't will it if it has lost more than 30% of its market cap. This isn't Woodford selling. This is just drifting because there is no reference at the moment.

[kunama] 11/10/2016 16:29

Looks like Woodford might have sold up. Capita is no longer showing in the top 10 holding as of today on HL website.

This is getting very painful

[wllmherk] 11/10/2016 16:26

I have a relatively small holding here at 609p, if one looks at the charts it is an almost vertical slope, I know a profit warning is never a good thing, but were results really this bad ?
This company ain't going bust so it's a case of wait and hold for me :(


wllm

[leonidas] 11/10/2016 16:05

To be honest I am lost for word of what is happening with CPI.

[essentialinvestor] 11/10/2016 15:40

Unfortunately have an indirect holding here, about 0.5% of what
I have invested so could have been a lot worse.

Very difficult to avoid CPI as it is held by so many funds.

[carbon man] 11/10/2016 14:50

This is a constructive raid on this stock eg Standard reporting Panmure with their TP of 530. only an observation. Like the sound of Woodford, if its good enough for him I will dip my toes in soon.