Capita Share Discussion Threads

[tsmith2] 31/1/2018 22:20

Another big fall tomorrow me thinks..Mainstream press/TV coverage bad

[clippyclive] 31/1/2018 22:09

Another company spending it's pension pot.

[pal44] 31/1/2018 21:20

Oops typo. company needs to clear a lot of debt first

[sum493] 31/1/2018 21:18

and this smacks of total incompetence, how do they lose so much money when they have a government approved licence to print it?

[pal44] 31/1/2018 21:18

What a clouy

[cyan] 31/1/2018 20:51

BBC have their say

"Capita shares collapse after warning on profits"

[eisler] 31/1/2018 19:55

Seriously - my recommendation is get out while you can and get a small amount back. Company is effectively insolvent and won't last a year.

[justiceforthemany] 31/1/2018 17:45

No position here but noted almost £3Bn in intangibles/goodwill but net assets were only £483M as of 31.12.16. Take out the intangibles/goodwill = -£2.5Bn

[jotoha2] 31/1/2018 17:43

The company has net debt , so needs new cash to shore up the balance sheet , should settle around £1 in due course , turnaround probably 3 years away , so lots of time to get .

[cc2014] 31/1/2018 17:34

er - sufficient debt that they need to raise £700m to stabilise the company.

£700m on a £1200m market cap tells you something.

The CEO is a genius though. He's already got in underwritten so the company will get the money.

[sum493] 31/1/2018 17:30

short interest at about 4% so not much - I think this news was unexpected. How much debt do CPI have to service?

[ssr23] 31/1/2018 17:23

Cantrememberthis - yes. Agreed. I bought today and down, like everyone else. Although this is likely to be volatile, this could give incredible returns in a few years time, if and when the turnaround plan is completed. I am impressed with the ceo. He is not wasting time and in two month have identified problems and restructuring the business. So it’s best to keep a calm head and observe the transition which will take place over the next two years. A lot of panic selling I think. Yes, the news is bad but the share price drop is overdone in my opinion.

[dtaliadoros] 31/1/2018 17:13

What I don't understand is people loading up now so quickly. Surely it's better to wait to see evidence of a recovery.....either in the charts or on news flow then dip back in. Bottom second guessing is a high risk game.

[highasakite] 31/1/2018 17:08

I expect 50p sooner than expected.

[dtaliadoros] 31/1/2018 17:07

Looks like my bailing out mid morning at 205 was a good call.

[brad1] 31/1/2018 17:02

How can it be safer with all the bent they owe. What rates to they pay on corporate debt? Needs to be very low for cpi to survive and even then I have big doubts. I apologise in advance to holders but this co looks doomed

[cantrememberthis2] 31/1/2018 16:58

Stay well away? No chance, buying for the Rights Issue and ultimate recovery.
Don't be surprised to hear of any contract wins in the next few weeks/months.

Game on.

FEAR and GREED.

FEAR driving this one.

[escapetohome] 31/1/2018 16:55

Not so sure this is another clln.

Shorts amount to 4 % , clln was over 20%.

Cpi is less con struction orientated, therefore safer.

[elmfield] 31/1/2018 16:55

Stay well away.

[highasakite] 31/1/2018 16:52

This is CLLN Mark 2 all over again.

Be warned.

[cantrememberthis2] 31/1/2018 16:41

SSR23, made a packet on PFC, when all doom and gloom about there future fine and revenue streams.

Going to go in again here tomorrow. Rights Issue - who cares. 50p who cares. Game on.

Seen it way too often, this is an honest deck of cards played out. Unlike CLLN

[stuart14] 31/1/2018 16:36

Serco and G4S next maybe?

[ssr23] 31/1/2018 16:33

Two year recovery plan. While this happens it might be painful to hold. It’s easy to hit the sell button. I just remind myself of the stock I held in tough times and which gave me fantastic returns. Todays reaction is far overdone.

[s2lowner] 31/1/2018 16:25

hxxps://uk.webfg.com/news/news-and-announcements/capita-restructuring-halts-dividend-as-contract-delays-and-costs-hit-profits--3106199.html