Capita Share Discussion Threads

[trickyboyfish] 12/10/2008 23:00

bountyhunter - I seriously hope so (that the turn around is coming soon). If not the I think Capita's P/E Ratio makes them stand out in the FTSE100. The P/E Ratio is a measure of confidence over value and in this market there is little confince around.

MMX - Can you tell me what you look for here to bring about shorting CPI? Is technical analysis or something else?

Thanks

[bountyhunter] 12/10/2008 07:56

while the market has been in freefall just about anything would have been a great short - once recovery starts and it could be this coming week or later then Capita would be a terrible short imo as it is generally viewed as one of the more recession proof companies due to it's business model

[trickyboyfish] 11/10/2008 22:29

bounty hunter, quite true, but given the current market conditions it may give shorters the leading edge.

You know my position, I'm long here and work for Capita. But I think this is still a fairly easy short. I need 700p+ before I can sell here to achieve my target.

Let's hope this market madness settles and soon.

For those of you who dont work for Capita and may be wondering if an employee may have extra information, I have to say that this is an immense operation of great diversity. I know nothing of what is going on in any other area than my own and anything I do know is not in anyway price sensitive. All my views on this company are my own.

I dont like the company for personal reasons but I have a strong belief in Capita as an investment. Their strategy and structure are ingenious. Capita will deliver.

Good opportunities long and short due to the volatility though so good luck to us all ;)

[bountyhunter] 11/10/2008 21:45

Interesting, I hadn't heard about that, but don't see why it should directly affect the Capita share price - no doubt their subsidiary will say that any advice previously given (and incidentally "Capita, speaking for STS, denied that it acted as a financial adviser") could not have anticipated the current global financial meltdown and it's not Capita's main business which is the outsourcing area.
At the end of the day it is the Councils and other organisations affected which have to take ultimate responsibility for poor investment decisions.

[trickyboyfish] 11/10/2008 20:49

bountyhunter - It has indeed but have you seen the latest scandal that Capita are getting involved in? oops - Shorters field day perhaps?


Capita have been linked with the UK local authorities putting money into the Icelandic banks


Allegations of back handers etc - hmm not Capita's style surely? ;)

True or false? Either way not good for the image.

[bountyhunter] 10/10/2008 22:45

CPI has been more immune than most and when fear is at it's worse we could finally be near the bottom of the market downturn; CPI shold be a good recovery play when the market does turm imo although no-one knows for sure exactly when that will be

[trickyboyfish] 10/10/2008 22:20

bountyhunter - Capita's P/E Ratio is very large for a FTSE 100 and particularly in this market chaos, Capita's share price has performed remarkably well. Perhaps it's catch up time. Its not just the PI's bailing out of CPI, the insti's are leaving too. Fear rules and that is perfect for shorters. CPI is not immune.

I just got my sharesave pack through and will not be selling at these levels.

Whether there is a bounce to reflect the drop is another matter but I doubt it will be soon.

[wiganer] 10/10/2008 21:23

Surely this needs to fall back below 500p?

[bountyhunter] 10/10/2008 21:18

are you an institutional shorter mmx?
you seem very keen on shorting and repeatedly posting negative comment on this company and also others elsewhere?

[mmx trader] 10/10/2008 16:03

keep selling

[trt] 10/10/2008 15:49

No one is able to tell due to the reasons given above - we are in abnormal times now !!

[oscar000] 10/10/2008 14:49

so where is it going to

[trt] 10/10/2008 14:15

All bets are off fundamentals mean nothing, broker tips mean nothing, earnings mean nothing - we have stock market capitulation !!!!

[oscar000] 10/10/2008 13:22

So what does that mean they could go down to

[brain smiley] 10/10/2008 12:44

Support at 630 gone - looks like a head and shoulders pattern.

This could signify the bottom ,in that, the last "strongish" FTSE shares: Capita, Smith Nephew, Tesco etc are breaking down.

[trt] 09/10/2008 16:01

Are we in for another big sell off of Capita before the market closes in 30mins. Yesterday it fell dramatically just before the close!!

[mmx trader] 09/10/2008 08:11

630 would have been support but was broken its now resistance I guess. this stock is still for shorting. closed positions yesterday but still looking to short again.

good luck

[trt] 08/10/2008 16:59

My word the share price dropped quickly towards the close - could well see price dropping below £6.00 tomorrow IMHO

[trt] 08/10/2008 15:52

I see the bottom around £6.15 - £6.20ish

If we drop below £6.00 then its serious may go to £5.50ish

[trt] 07/10/2008 15:52

Yes Keran it certainly was a good short from £7.14 now £6.75

[keran] 07/10/2008 14:03

Another good short from these levels I think

[trt] 03/10/2008 07:57

I have looked at ASOS before but can't help thinking eventually consumers will tighten their belts considerably and sales will tail off even those online sales. At the end of the day ASOS is still a retailer and no one holds retailing shares these days ?? - maybe this is reflected in the current share price which has fallen from over £4.00 to closer to £3.00 in a month.

regards
trt

[bigbigdave] 02/10/2008 21:46

Yep, maybe another test of 640-650. Good call mmx.
The bounce from there was swift last time.
Cannot think of many other stocks which have stayed in trading range of 640 to 800 in the last 12 months.

Then again there is ASC, but thats in a different category.