Capita Share Discussion Threads

[trt] 28/9/2008 19:31

I noticed in todays Mail On Sunday in an article in the financial section about the current turmoil in the markets Sam Morse from Fidelity Investments states ": I have substantial holdings in the support services sector. Many of these companies benefit from the trend towards outsourcing in difficult times. Examples include Capita, Serco, Bunzl, Intertek and MITIE.

[trickyboyfish] 26/9/2008 20:24

OK - You know my position ;)Hate em, but I wouldnt go short right now, and this is why.

Firstly there is the big W double bottom bounce - trend reversal.
Secondly there was the recent breakout of pennant flag formation which despite todays loss is still intact.
Thirdly - The Williams%R(24) remains above the -50% mark which signals that the uptrend is still intact,
And Finally the Triple Moving Averages (EMA) are all crossed over and in sequence from top to bottom - Short (blue) Medium (red) Long (green). The last time they arranged themselves in this sequence was mid 2006 which was followed by a long steady period of rises.

If a double top is going to form here it will be around the £8.00 level from the point of the credit crunch last year and subsequent down trend.



Good Luck all - long and short ;)

MMX - I guess you are using spread betting? Can you close positions or do you get guaranteed stop losses?

[oscar000] 26/9/2008 17:25

I was wrong, if there is a settlement in the us could see significant rally monday?

[trickyboyfish] 26/9/2008 16:24

Well the 7.20 was tested 4 times intraday - New support level I think.

[trt] 26/9/2008 16:09

I think we might get back to £7.35 - £7.40 this afternoon. Glad I bought on weakness this morning and if the US bailout is agreed over the weekend we should open significantly higher on Monday - buy in before everyone else tries too I always say !!!

[oscar000] 26/9/2008 13:39

dont think so not today imho

[trickyboyfish] 26/9/2008 11:56

Cheers mmx

Bounced off 7.20 again - Pending on how America opens we should see a rally here to around 7.35 to 7.40 this afternoon.

[trickyboyfish] 26/9/2008 11:06

I think there is strong support at £7.20 - It was the previous resistance level in the pannant flag formation £7.20 was tested this morning and it bounced.

Good luck with your short mmx - Who do you use to short with. I have never shorted but would like to use the proceeds of my CPI sharesave to trade this in both directions.

Thanks

[trt] 26/9/2008 11:02

Once the USA finally agrees on the bailout package stock markets will rally. If they agree over the weekend then first thing Monday morning markets will rise. I have bought more shares this morning and Capita is now my largest holding.

[mmx trader] 26/9/2008 10:27

tell me when you buy so I can keep selling lol

[trt] 26/9/2008 08:13

Yes looks like it !!
Just sold some mining shares and will use the proceeds to top my holding here in Capita.
Finger now poised on that buy button as i don't want to miss the rise back up to £7.40ish

[oscar000] 26/9/2008 07:59

Looks like there is only me and you who arent

[trt] 26/9/2008 07:52

I'm not employed by Capita - I have invested for the excellent returns both in terms of dividend and capital growth + this stock is a great safe haven.

[oscar000] 25/9/2008 22:55

So you are all capita people.

[bigbigdave] 25/9/2008 22:54

Looking use the proceeds to invest in Low P/E stocks when the current bear market comes to an end (whenever that may be) Already bought into DTG.



Think when that time comes some stocks could double in a few weeks and while CPI has served me well cannot see that happening here.

[bountyhunter] 25/9/2008 22:41

cheers Dave that 20% discount explains it - well done on the likely return there!
lol Tricky

[trickyboyfish] 25/9/2008 20:41

Last years was £7.33!

No more discounts - Grrr tight Bstard - I hate em ;) LOL

Mines up next month too but the 3 year one.

Is there anybody here who's doesnt work for Capita?

Mr Pindar Sir, Are you here too - Eeek, am I in trouble ;)

[bigbigdave] 25/9/2008 19:49

20% discount to price around of August 2003 8-)
The Sharesave rules have changed now & the discount doesn't apply for new applicants.

[bountyhunter] 25/9/2008 19:25

£1.88? How many years ago was that option price set - the CPI share price has been above £2 for at least the last 5 years:

[bigbigdave] 25/9/2008 18:23

Heh heh, Sharesave matures next month, option price of £1.88. Happy days 8-)

[trt] 25/9/2008 15:25

Looking good for £7.50+ soon - we have a breakout watch it fly !!!!

If GEORGE BUSH gets the bank bailout approved I believe we will see a significant rally across the board ( in all shares) as stock markets across the world rally strongly.The rally could last for several days.
If the bailout package is agreed this afternoon / evening in the USA then the UK stock market will open with huge gains tomorrow morning and buyers will be struggling to get a piece of the action as they try and buy into a rising market - glad I topped up with Capita shares.

Capita will then be reaching £7.80+

[keran] 25/9/2008 09:10

I think America has no choice but to agree for the $700bn bailout the consequences aren't worth thinking about.
I have bought more Capita shares this morning as I agree with earlier postings about the chart showing a breakout.
Profits for this year will yet again exceed market expectations and the dividend will increase once again.

[trickyboyfish] 24/9/2008 19:56

trt - I work in an office of a few hundred employee's - its all open plan, I have to open my payslip on my monitor and then send it to a printer shared by 80 other people. They are supposed to be private and confidential! I may as well pin it up on the "Fun Board" LOL

My other gripe is the outsourcing to Mumbai. Again it is cost effective and keeps the profits rising which is ultimately good for shareholders but I think it is a bit of a smack in the face to the UK economy and shows that Capita put more emphasis on price over quality. blah blah blah - I could rant for ages but wont - this isnt the place. ;)

In the interest of balance, this company doesnt mess around and they will deliver shareholder value I am sure.

There is volatility though which gives both longs and shorts good trading oportunities.

I wont personally be shorting this share but will be selling at the first sign of weakness (which I do not currently see) I will be aiming to buy back in at a lower price to increase my holding when the tide changes again, etc.

[bountyhunter] 24/9/2008 17:47

maybe, maybe not
if the FED's $700m bailout is passed by congress then I think the markets will rally strongly, if not, then I'd rather not consider the consequences, but I believe it will be passed