Capita (#CPI) – H1 revenue slightly up, disposal processes for “non-core” businesses
- 2022-06-29 07:34:09
Hello Share Collectors. One of my previous choices with a share price that’s never really caught fire has issued some jolly results for last year. Capita (CPI) is a company that offers computer and digital services to some bumper clients, including our government. The board boasts of ‘A year of significant change with the transformation of Capita now complete: we have established a platform to drive sustainable improving financial performance whilst continuing to strengthen the balance sheet’.
Regular readers will know I am not a fan of Capita (CPI) which describes itself as an ‘international business process outsourcing and professional services company’. When I was growing up, it was a company that started as a small cap, quickly become a mid cap and ended up as a FTSE 100 institutional investor darling. I never purchased it myself, which initially looked stupid, but the mere 86.9% share price fall over the last five years has made me look a bit smarter.