Son of a tiger
25 Apr 2018
Can anyone explain. Deficit attributable to owners of the Company (999.0 )
Derek Hope
25 Apr 2018
Re: Strategy? Crikey, when all are totaled up we are speaking of big numbers.
Johandesilva
25 Apr 2018
Re: Strategy? I find the flurry of activity here rather amusing. Few caught short from perhaps the advice of their mates in the city who also bet short. So keep the sell warnings coming as like all investing in any individual stock you really don't know the direction, however this is a reset (See The AA for example, core business good). As for me selling, well its way too late for me. I added yesterday to average down but happy to take what I can on any recovery upwards.
cashpharma
25 Apr 2018
Re: Strategy? They only pay out if the strategy succeeds under the performance conditions bit.I'm not a huge fan of large amounts of nil cost share options as it encourages inflexible greed driven behavoir . Ie mgt will literally do anything to meet the performance conditions even if it damages the company.
Doomsayer
25 Apr 2018
Strategy? Wasting no time in awarding themselves no cost options.[link]
Johandesilva
24 Apr 2018
Re: They have no strategy Doggedly and pyueckHave a read of this:"Have hedge funds been caught short by Capita this morning?"[link]
Doggedly persevering
24 Apr 2018
They have no strategy Because they are made up of 250 small acquisitions [link] fact they did have a strategy - of opportunistic land grab in the good times.And the answer is? - a massive investment in IT !Run. Run away.
pyueck
23 Apr 2018
'Fundamentally strong ' ???? The CEO claims that the company is 'fundamentally strong'. How on earth has he come up with that conclusion? I would say all the fundamentals are showing me that this is fundamentally in a very dire situation.Loss before tax - £513mNet debt - £1.1bnPension deficit - £407m
cashpharma
23 Apr 2018
Rights issue etc Today's announcement seems to be well received particularly the bit about trading for the the qtr in line with guidance. Suspect this is as good a recovery play as it gets.The new man seems to have a well thought out plan too.
Johandesilva
17 Apr 2018
Re: News today No one can predict the share price to any level of certainty. But what I do know is there is more than enough good businesses here for a recovery play and picking the bottom is impossible. Hopefully, we are thereabouts. The volume has certainly calmed down.
mmb123
11 Apr 2018
Re: News today I am looking forward to hearing what they plan, so far the share price has only being going one way.
nk1999
28 Mar 2018
News today fROM hl:"Published by Reuters. Britain's Capita will publish a five-year transformation plan and details of a rights issue with its annual results on April 26, a person familiar with the matter said, giving the services group a clean slate after a raft of profit warnings.Capita, which handles services for companies and governments such as HR, recruitment and customer services to help them save costs, confirmed the results date and strategy update on its website on Wednesday morning.Chief Executive Jonathan Lewis, on board since December, aims to simplify and unify an unwieldy structure in which more than 250 different business units have operated "like separate silos," the source told Reuters late on Tuesday.Capita will publish results with the overhaul plan aimed at paying down debt, giving markets a clear basis on which to invest, the source said.Lewis sees potential in the fact Capita is only selling more than one service to just 4 percent of its customers, and cost-savings potential in implementing an overarching structure which was lacking up to now................................"[link]
Johandesilva
21 Mar 2018
Re: From Times I wonder if the outcome of the funding will be the "reset" moment in CPI. I wonder if then this would a good time to average down yet...It is disappointing UK economy is growing too slow for my liking but interesting that FT reports that Capita plans to cut reliance on UK market:[link] UK's year-on-year growth rate in the fourth quarter of 2017 was 1.4%, making it the slowest growing of the world's wealthy nations"[link]
Johandesilva
13 Mar 2018
Re: From Times Everything in the article and regarding selling off assets are looking up beat.I presume the 2 major drags on the share price are:1. Brexit2. Funding (notably selling off assets cheap because of Brexit)I also wounder where the growth will come from. Will Capita put a stop to growth through acquisition? If so Capita will need to grow the hard way, through profits in a sector where margins are somewhat fixed to a narrow range.Or will growth in the share price come from re-instating the dividend in a couple of years? The dividend cut must surely result in some very good profits after restructuring costs?
nk1999
11 Mar 2018
From Times Extracts:"The embattled outsourcing giant Capita is plotting a £700m fire sale of assets alongside a heavily discounted rights issue intended to raise a similar sum.The new chief executive of the former FTSE 100 favourite is understood to be working on a more aggressive than expected review that could lead to the sale of six or seven businesses.Jonathan Lewis, who overhauled the oil services company Amec Foster Wheeler, admitted in January that Capita needed a rescue cash call.Delivering a profit warning that almost halved the market value to £1.1bn, Lewis said Capita had underinvested and relied on acquisitions to fuel growth.The company has contracts ranging from army recruitment to customer services for Tesco Mobile. It is wrestling with a debt pile that totalled £1.2bn at the end of last year and a reported £381m pension deficit..................."Lewis said in January that two businesses would be sold — Constructionline and ParkingEye — as part of non-core disposals. It is understood Capita has now identified six or seven businesses, worth up to £700m, that could be sold in stages. With the rights issue, this would allow Capita to raise up to £1.4bn of fresh capital. The company has had more than 120 approaches from potential bidders interested in its offshoots................."Lewis has insisted Capita is not in the same position as Carillion, pointing out it has £1bn of cash and bank facilities. Its shares closed last week at 168p. A year ago they were trading at 518.6p...."
