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It is rather a amazing to think that thirty years ago today it was “Black Wednesday”, when Norman Lamont looked a bit of a fool, George Soros may have made a few quid and my suggestion that it was absolutely fine that my sister should buy a few Italian lira earlier in September 1992 looked bang on the money.  It was not my greatest FX call…but at least I waffled at length in my Economics A-Level exam earlier that year, that ERM membership had a few problems.  Good times.  

NEWSFLOW

NEWSFLOW

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Just under eight months ago HERE  I gave Capita (CPI) - which describes itself as “supporting the justice system through smart technology solutions” - a slightly alternative name.  I remember first using such an alternative name many years ago - and it is certainly neither unique or particularly smart.  But it kind of captures well the company’s struggles over the last seven or eight years where its share price contraction stands at well over 90%. How striking for a company which many will remember its epic 1990s (and initially beyond) performance.  

NEWSFLOW

NEWSFLOW

NEWSFLOW

NEWSFLOW

NEWSFLOW

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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’.