Capita Share Discussion Threads

[lateralam] 22/10/2013 08:21

Morning all. I notice there's not much discussion on here. I bought in recently with an expected rise back over the £10 mark. Thoughts on this anyone?

[12at] 30/8/2013 17:05

apologies to go off-topic,
but i am applying for a graduate vacancy at Capita and as PI's i would appreciate your views on Capita as an organisation,

Financials aside, what makes Capita a good company to work for, in your opinion

thanks guys

[broadwood] 06/8/2013 07:43

StockMarketWire.com - Capita has confirmed that it has now signed contracts with the London Borough of Barnet to support the council's new support and customer service organisation (NSCSO) and development and regulatory services (DRS).

Under the NSCSO contract, Capita will deliver a range of services for the Council including corporate programmes, customer services, estates, finance, human resources and payroll, information systems, procurement, revenues and benefits. The contract is worth approximately £320m over 10 years and will commence on 1 September 2013.

Under the DRS contract, Capita will manage services including highways management, planning and development, regeneration and environmental health and trading standards services. The contract, which will be delivered by our property and infrastructure business, is expected to be worth £154m over 10 years and is scheduled to commence on 1 October 2013.

[major clanger] 05/8/2013 18:23

CPI downgraded by Berenberg Bank...

H from B; TP up to 1,060p from 955p [downgrade]

Full piece here:

hxxp://www.brokerforecasts.com/news/article/articleId/4644925

[broadwood] 25/7/2013 07:13

Strong statement.

[hyden] 25/7/2013 07:09

I am liking the outlook:

Our strong sales performance over the last 12 months and contributions from
2012 and 2013 acquisitions provide us with excellent revenue visibility for
the full year 2013 and already deliver significant incremental revenue growth
in 2014. The return of strong organic growth, improved cash conversion, a
replenished bid pipeline with opportunities broadly spread across both private
and public sectors and a good pipeline of potential acquisitions, underpin our
confidence in full year performance and provide a strong platform for further
progress in 2014 and beyond.


Sounds very bullish. 10% increase in interim dividend too. :-) Good luck all.

[major clanger] 19/6/2013 16:56

JP Morgan stays OW but ups target to 1070p (875p) today:

www.brokerforecasts.com/news/article/articleId/4616868

[simongn] 22/5/2013 23:39

Sorry, I thought I double checked the date obviously not closely enough, my confusion is resolved, thanks :-)

[hyden] 22/5/2013 22:26

Simon,

You've obviously said that tongue in cheek, given my post was back in Feb.

It's a quiet board. :-)

[simongn] 22/5/2013 10:47

Hyden said in 1432

"Yes, it's breached the 3yr high set in 2010 and is very close to all time highs set in 2007."

Isn't it already way above the highs of 2007 ?

[hyden] 21/5/2013 20:26

Something to aim for ...

"Goldman Sachs reiterates conviction buy on Capita Group, target raised from 1140p to 1175p."

[hyden] 21/5/2013 18:47

Welcome aboard Broadwood. I've been here all along on what has been a very quiet board.

I see we've already hit Jefferies' target but no doubt they'll be increasing it shortly. Today's announcement is very good news for the medium term imho and I'm more than happy to carry on holding.

[broadwood] 21/5/2013 12:00

Jefferies has kept its 'buy' rating and 1,010p target price for outsourcing giant Capita after a 'significant contract win' announced on Tuesday with O2.

The company has been selected as the preferred bidder for a 10-year strategic partnership for customer management services with the network provider.

The deal is expected to be worth around £1.2bn and would contribute 1.5% and 1.0% to 2013 and 2014 organic revenue growth at Capita, Jefferies said.

"The substantial O2 contract win compensates for the disappointing news that Capita missed out on the NS&I bid yesterday," the broker said.

Meanwhile, the company said that organic revenue growth would be "at least 8.0%" this year (up from the previous 6.0% target), though Jefferies believes that forecasts upgrades will be limited given softer margin guidance.

In other news, a Financial Times report said that the Metropolitan Police (Met) is in talks to private-sector providers about contracts (worth £800m in annual revenue) for back-office services and cited companies including G4S, Capita and Serco.

Jefferies said that it would consider G4S and Capita as front runners for the deals and could be a "substantial opportunity" for the latter.

"Police outsourcing momentum largely ground to a halt in late 2012 after G4S's Olympic security problems caused many police forces to reconsider their plans. However, budget cuts remain an unresolved issue for many forces.

"If it chooses to outsource, the Met would establish a strong precedent as it accounts for 25% of UK police spending, and could open up a c£2.0bn market opportunity."

The stock was up 6.53% at 1,011p by 10:56 on Tuesday.

[broadwood] 21/5/2013 08:10

In again at the open.

[hyden] 15/2/2013 21:27

Yes, it's breached the 3yr high set in 2010 and is very close to all time highs set in 2007.

[darias] 15/2/2013 19:42

Looks interesting.

[bigbigdave] 13/2/2013 17:12

Multi year breakout I see.

[northernlass] 09/8/2012 21:58

Brokers Turn Bullish On Capita

BROKERS TURN BULLISH ON CAPITA GROUP

26 July 2012

JP MORGAN CAZENOVE reiterates its Overweight rating for Capita Group with a target price of 875p.

CREDIT SUISSE reiterates its Outperform rating for Capita Group with a target price of 830p.

27 July 2012

UBS retains its BUY recommendation for Capita Group and raises its target price from 740p to 800p.

03 August 2012

Morgan Stanley reiterates its Overweight rating for Capita Group with a target price of 760p.



P.S.
Here's some links about SCLP, one of the hottest stocks at the moment:

[northernlass] 09/8/2012 21:53

Contract Wins Boost Capita

CONTRACT WINS BOOST CAPITA GROUP

Capita, the UK's largest outsourcing group by market capitalisation, benefited from a steady stream of government contracts and a "buoyant" outsourcing market to report a modest rise in pre-tax profits in its half-year results.

Profits before tax edged up 1.6 per cent to £143.8m on revenues that grew 15 per cent to £1.6bn. Although organic revenues were flat, the top line was boosted by a spate of acquisitions. Capita has spent £129m on acquisitions so far this year, after spending £642m in the two years up to the end of 2011.

The group secured £1.3bn of new contracts in the six months to the end of June, which it said was a record for the first half, including one managing the recruitment process for the army at the Ministry of Defence.

But the combination of big-ticket contract wins and the spate of recent acquisitions put pressure on the group's underlying operating margins, which fell 30 basis points to 13.5 per cent.

Capita said the outsourcing market was "buoyant", despite the sector coming under criticism following G4S's Olympics debacle.

Capita surprised the market with an equity placement in April, which raised approximately £271m net of expenses, to fund the group's acquisition spree. Mr Pindar defended the decision, citing the support of major shareholders and Capita's previous record of returning cash to investors.

"Over the last decade – bear in mind our market cap is £4.5bn – we have returned £1.5bn in cash to our shareholders, through dividends and buybacks," said Mr Pindar. "That sounds like a company that is generating returns for shareholders."

The group announced an interim dividend of 7.9p, up 10 per cent from the previous year. Diluted earnings per share at the group rose 4.7 per cent to 18.6p.

Read the complete article here:

[apad] 13/7/2012 17:15

Oops.
Sunshine home for the terminally confused here I come.
Sorry folks.
apad

[apad] 13/7/2012 17:14

GNK debt is high and it is symptomatic both of GNK and of the industry. THe debt is mostly long term, e.g. mortgaged property.
apad

[philo124] 12/7/2012 20:11

Good point, quite high and i don't like debt but they should be generating plenty of cash, will have a look.

[essentialinvestor] 12/7/2012 19:35

What's your view on their net debt PHIL?.