Tom Winnifrith Bearcast: No I am not buying Red Rock or Open Orphan tomorrow or any Ben & Jerry's ice cream
San Leon Energy deals in Nigeria could come at just the right time to take advantage of higher oil prices and an easing of OPEC restrictions
A couple of decades ago, many investors were amazed by the growth of Capita (CPI). As it happens - after a bit of volatility in the first few years of this century - shares in the ‘international business process outsourcing and professional services company’ peaked out in 2015...and since then have fallen a mere ninety-five percent. Still, at least Capita’s shares have risen a bit since October / November last year.
Hello, Share Miners. Though I normally ignore charts as a way of predicting the future course of shares, I do carry out the simplistic task of seeing where the trend is going – believing that the most useful market cliche is ‘the trend is your friend’. And one share which almost always seems to creep forward these days is Capita (CPI)...
Hello Share Smirkers. When Carillion hit the skids it took my shares with it. But if you take a punt on a possible rally then you can’t blame anyone if it never happens. Not even yourself - if you’ve done a bit of previous research. Which I did. I don’t think I was ever told just how serious the situation was with Carillion.
Hello, Share Snappers. Fools rush in where angels fear to tread. And I’m sure some of my colleagues will apply that to my choice for your further consideration today. Yes, it’s Capita (CPI) - a company which may send shivers up your spine. Even if most of that sensation will come from the collapse of another government contractor called Carillion.
Hello, Share Plungers. Much as it makes me uncomfortable to contradict the mighty wisdom of my fellow scribe here, Lucian, I have to disagree with his advice against bargain-hunting Capita (CPI).
One of Warren Buffett’s favourite maxims is to be greedy when others are fearful and fearful when others are greedy.
Neil Woodford has published his thoughts on Capita (CPI) after its share price halved. To put it bluntly Neil Woodford is yanking the chain of his long suffering investors. In paragraph three he states: "Putting the share price reaction to one side for a moment, I am pleased that we have seen from the company what we thought would be coming". As a reminder, Capita has scrapped its dividend. Yet on 19 January Nomates opined:
My conclusion to The Big Short series over Christmas was that although it was a long-term play, Neil Woodford was only a few pieces of “bad luck” away from a speedier, more dramatic implosion. This week’s Capita (CPI) news is the second of those already and we’re only one month in. Further to the excellent pieces on Capita yesterday (HERE and HERE), a few further observations on the wider Woodford story from me.
Hello, Share Tweakers. As my wise colleague Gary Newman said last year, it can be a wizard policy to invest in a big company which hits a bad patch. I think the reasoning is that the sell-off is usually overdone and that a big company has the resources and experience to rectify mistakes.
Capita (CPI) is the latest high profile catastrophe for Britain's most conceited fund manager, Neil "Nomates" Woodford. Before we go to a chart of shame, a couple of choice quotes from his December montjhy excuse-sheet, sorry fact-sheet, published on 19 January
An ‘update on transformation and outlook’ announcement from outsourcing company Capita (CPI) sounds harmless enough – but then I’m reminded that Woodford Investment Management is a significant supporter and, given its recent travails, let’s take a closer look…
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