appamama
01 May 2018
What is the last cum-rights date? Record Date for entitlements under the Rights Issue : Close of business on 4 May 2018and Ex-Rights Date: 10 May 2018That is what the Rights Issue document says. Is something wrong there? Will the shares be cum-rights on 9th May?
Johandesilva
30 Apr 2018
AQR Capital Management Interesting to see them add to short positions in April for some of my holdings including:Capita:[link] the trend appears to be a reduction in short positions here.And a merger here that I banked this morning Sainsbury (See news today):[link] can not see myself ever making a profit on Capita however I am confident of gaining much of the losses back:
mmb123
29 Apr 2018
Re: Can anyone explain "did have a small exposure to Carillion though" short or long?
Son of a tiger
28 Apr 2018
Re: Can anyone explain Haven't any exposure to Capita, did have a small exposure to Carillion though. Go on, laugh.
Son of a tiger
28 Apr 2018
Re: Can anyone explain Naven't any exposure to Capita, did have a small exposure to Carillion though. Go on, laugh.
Johandesilva
27 Apr 2018
Re: Can anyone explain Son of a tiger"Who says", I tell you who... Neil Woodford, who would be far better informed than you or I. Good luck with your shorts, I think the reset and the reverse is underway ideal for a contrarian investor.
cashpharma
26 Apr 2018
Re: Can anyone explain Not remotely operationally or financially similar to Carillion. Did you short it thinking it was?Oops.
Son of a tiger
26 Apr 2018
Re: Can anyone explain .... but it ain't going to do a Carillion.Who says !!!!
Johandesilva
26 Apr 2018
Re: Rights issue We are only just in the process of voting for the 3 new ordinary shares for every 2. Vote is just a formality as part of this reset and change in direction that will happen. I may take it up, I don't know yet. Hoping for an AA type of reversal and I am willing to wait as anyone in boat should be. Some very good businesses in here despite being known as Crapita recently.
KayCatso
26 Apr 2018
Rights issue Is Joe public invited to the rights issue? If so when might we get the option to take up the shares? I checked and the deadline is 4 May but I see no corporate action on my share dealing platform.Any ideas? My experience with these type of rights issues is that 4/5 give a good return over the long term. Always a risk one might fail like Northern Rock.Thanks
cashpharma
26 Apr 2018
Re: Can anyone explain Insolvency is an inability to pay debts as they fall due. Capita can so it's not insolvent and the position is improved in any case by not paying a dividend and the rights issue. Beyond that you either buy into the turn around story or you don't but it ain't going to do a Carillion.
power1
26 Apr 2018
Capita Rights Issue Capita in my honest opinion started going in the right direction. it is supported by big banks and they are not fool. The directors also bought a lot of shares, that gives confidence.Stay calm and hope for the better.
Son of a tiger
26 Apr 2018
Re: Can anyone explain I thought that under the 1986 Insolvency Act if a business continued to trade when an insolvent position had been identified then the directors of that business were personally liable.It is quite clear from Capitas published accounts for 2017 they are in deep trouble so why are they still trading ?
videodawn
25 Apr 2018
Re: Can anyone explain It means the shareholders have negative equity. Capita is technically insolvent and will need to raise cash from a rights issue which will dilute your holdings, and sell businesses which will reduce the debtAll these big service outsourcing companies are effectively bust because of decades of low or negative profit and over indebtedness.Where Carillion led, others will follow.Gordon Brown was to blame with his crazy outsourcing strategy.
Son of a tiger
25 Apr 2018
Can anyone explain Deficit attributable to owners of the Company (999.0 ) Can anyone explain the above line from the Balance Sheet.I've never seen such a line in a companies balace sheet before, what does it mean.
