Capita Share Discussion Threads

[bigbigdave] 23/7/2008 10:09

Results will be good, but its the forward looking statement I'll be interested in. The economic woes seem to be having an effect on just about every firm.
(Hope I'm wrong tho')

[dinky rinky] 23/7/2008 09:19

trt, the results are published tomorrow, Thursday.

[trt] 23/7/2008 08:13

I think the city has got wind of just how excellent these results are going to be. I have said for many months they will exceed market expectations but perhaps now they will exceed by far greater an amount than I had first thought !!

Always good to be ahead of the crowd and perhaps today will be the last chance.
I wouldn't want to be trying to buy come Friday when the MM's mark the price higher from the market opening after the results are published at 07.00hrs.

[oscar000] 23/7/2008 08:11

It has sparked into life. Results must be good, agreed £7 seems easily in reach

[trt] 23/7/2008 08:08

At this rate well over £7.00 by results day !!!

[trt] 22/7/2008 12:08

They have never been that keen even when the shares were 70p and look where we are now !!!

[brain smiley] 22/7/2008 11:15

UBS are less keen on CPI.

[trt] 21/7/2008 13:51

The PRU contract was huge I'm sure more of these types of contracts will be won as the recession bites and big companies outsource to a greater extent than ever before.

[brain smiley] 21/7/2008 12:28

THURSDAY: The FTSE 100-listed outsourcing group Capita is due to publish interim results later this week. Evolution Securities forecasts 12 per cent growth in pre-tax profits to £116.5m, a 14 per cent rise in earnings per share to 13.5p and an interim dividend of 4.8p.

The broker said that while the results will show growth, "it is new contracts, rather than acquisitions and share buy-backs, which are required to sustain" the share price.

"As always, it is contract wins that drive the share price," Evolution said. "On the positive side, the group has won longer-term contracts, but on the negative side, the average annual revenue is low (3.4 per cent) as a percentage of the total group revenue. Given, for instance, the £60m London congestion charge revenue which drops out next year, contract wins are important."

[oscar000] 17/7/2008 12:42

£7 on results

[dinky rinky] 17/7/2008 10:08

Lol trt, you didn't understand it last year either.

There was no gain for shareholders, look back through the posts and see why.

[trt] 16/7/2008 22:56

No the net efefct was to keep the share price at the same level after the consolidation - I will dig out the extract from the results last year that mentions this very point.So 50p divi was actually a gain in the end.

looking forward to the results in one week.
FTSE should rise tomorrow on the back of the huge surge upwards in the DOW tonight over 2.5% - might go for another quick top up in Capita from the start at 08.00hrs tomorrow.

[dinky rinky] 16/7/2008 16:53

Errrrrr, you forgot to mention that last years "special divi" was accompanied by a 30/31 consolidation, which effectively wiped out the gain of the "special divi"
That was done for a particular reason concerning the Comany's ESOS scheme.

[trt] 16/7/2008 16:04

Capita have so much surplus cash they have stated they will return it to shareholders.They have undertaken numerous share buybacks so far this financial year and last year when they were in excatly the same position they did a share buyback (50p per share )plus ordinary divi.So this year with even more cash in the bank even after the aquistions its highly likely we will all be rewarded once again.

I have been taking advantage of the recent share price weakness !!

[dinky rinky] 16/7/2008 15:46

trt - 16 Jul'08 - 13:07 - 1036 of 1038
Great contract win yet again they just keep on coming !!!
Looking forward to those results in a weeks time - special divi + ordinary divi

What makes you think there'll be a special divi?

[bigbigdave] 16/7/2008 15:42

Its going down because apparently we are 'officially' in a bear market according to the BBC, but then again wtfdik?

[oscar000] 16/7/2008 14:43

why are they going down

[trt] 16/7/2008 13:07

Great contract win yet again they just keep on coming !!!
Looking forward to those results in a weeks time - special divi + ordinary divi

[bigbigdave] 16/7/2008 12:26

60 million over 3 years, but still getting that sinking feeling 8-(
Recession proof? We shall see next week.

[trt] 08/7/2008 17:07

Exactly, as we know this is a stock that actually benefits from a downturn in the economy.Companies wanting to make huge savings continually outsource back office work and this is where Capita picks up so many long term contracts. The company is expecting a record busting set of figures come the Imterims in July which will beat market expectations thats why it is great to be able to pick the shares on any weakness.

[oscar000] 08/7/2008 13:38

Holding up well considering , should run up to the results?

[bigbigdave] 01/7/2008 17:07

Not today, then again most stocks looking a bit sick at the moment.

[trt] 30/6/2008 08:49

Only 3wks until the results - Looking good !!!

[bigbigdave] 27/6/2008 11:00

Tipped as a buy in the IC

[trt] 26/6/2008 15:54

Contracts continually being won . I have topped up my holding this afternoon ahead of the results.

26 June 2008

Capita and Marsh complete deal on
operations outsourcing


* Agreement signed, worth £187 million over 10 years, to enhance service
delivery and generate significant cost savings

* Marsh's existing offshore work to transfer to Capita's offshore facilities

The Capita Group Plc (Capita) and Marsh Ltd (Marsh) have today signed a deal to
deliver and transform Marsh's UK operations. The contract will be worth £187
million to Capita over 10 years. Capita announced that it had been selected as
preferred bidder by Marsh on 11 January this year.

Under the agreement, Capita will provide support and processing services to
enhance Marsh's broking activities to clients across its multinational
business. Marsh's UK operations are based in Norwich with some offshored
services delivered by an external provider in India.

Approximately 600 Marsh employees will transfer under TUPE to Capita and the
current offshored work will be transferred to Capita's new offshore facility in
Pune, India. Service commencement will be 1 July 2008.

Capita will undertake a comprehensive transformation programme to enhance
service provision to Marsh and its clients while delivering significant
reductions in operational transaction costs. Alongside this service
transformation, Capita will create a centre of excellence for insurance
outsourcing services based in Marsh's existing Norwich premises. The capacity
and capability within this centre will primarily be used to transform Marsh's
UK operations. Over time, options to utilise this facility for other Marsh and
Capita insurance activities will be considered.

Paul Pindar, Chief Executive of The Capita Group, commented: "This partnership
will draw upon Capita's technical expertise across the insurance market and
service re-engineering capabilities across the wider financial services
industry. An integrated operating infrastructure will deliver cost and quality
benefits alongside enhanced customer service and provide a flexible platform
for Marsh's current and new business. The work will continue to be delivered
from a Norwich base and we look forward to welcoming all staff who transfer to
Capita."

Martin South, CEO of Marsh UK, said: "We are very pleased to have established
this partnership with Capita and are confident it will be beneficial to both
our clients and our staff. In particular, it will transform the way in which we
do business, supporting our commitment to providing a customer experience
that's truly world-class. It will also give our staff increased opportunities
for career development."