Capita (CPI)

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FTSE 250

49.41p
   
  • Change Today:
      0.26p
  • 52 Week High: 50.90p
  • 52 Week Low: 23.72p
  • Currency: UK Pounds
  • Shares Issued: 1,684.27m
  • Volume: 11,751,855
  • Market Cap: £832.20m
  • RiskGrade: 259

Capita sees revenue growth; Sells Axelos stake for £183m

By Frank Prenesti

Date: Monday 21 Jun 2021

LONDON (ShareCast) - (Sharecast News) - UK outsourcer and government contractor Capita on Monday said it was on track to post revenue growth for the first time in six years as trading in the first half of 2021 improved.
It also said it had sold its 51% stake in Axelos, a joint venture with the British government's Cabinet Office, to PeopleCert International for £183.6m in cash.

Capita said the deal, which values the joint venture at £380m, will see it receive net cash of £172.5m on completion, along with a cash dividend of £11.1m as it looks to sell off non-core assets to boost its balance sheet.

The disposal is part of Capita's transformation plan, launched in March after the Covid-19 pandemic hit its efforts to return to sustained profit and growth.

The company, which expects its first-half adjusted revenue to be at similar levels as last year, also said it was on track for £50m in annualised savings from 2022 onwards.

"Looking forward, we are confident of delivering positive sustainable free cash flow in 2022," said chief executive Jon Lewis.

Capita said it continues to make good progress with planned disposals and is on track to realize combined proceeds of at least £200m this year.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Capita Market Data

Currency UK Pounds
Share Price 49.41p
Change Today 0.26p
% Change 0.53 %
52 Week High 50.90p
52 Week Low 23.72p
Volume 11,751,855
Shares Issued 1,684.27m
Market Cap £832.20m
RiskGrade 259

Capita Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
75.57% above the market average75.57% above the market average75.57% above the market average75.57% above the market average75.57% above the market average
70.00% above the sector average70.00% above the sector average70.00% above the sector average70.00% above the sector average70.00% above the sector average
Price Trend
6.57% below the market average6.57% below the market average6.57% below the market average6.57% below the market average6.57% below the market average
26.79% below the sector average26.79% below the sector average26.79% below the sector average26.79% below the sector average26.79% below the sector average
Income
95.14% below the market average95.14% below the market average95.14% below the market average95.14% below the market average95.14% below the market average
93.94% below the sector average93.94% below the sector average93.94% below the sector average93.94% below the sector average93.94% below the sector average
Growth
76.12% below the market average76.12% below the market average76.12% below the market average76.12% below the market average76.12% below the market average
71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 3
Sell 0
Strong Sell 1
Total 7
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Capita Dividends

  Latest Previous
  Interim Final
Ex-Div 19-Oct-17 25-May-17
Paid 30-Nov-17 03-Jul-17
Amount 11.10p 20.60p

Trades for 17-Sep-2021

Time Volume / Share Price
17:05 200,000 @ 49.41p
16:36 1,953 @ 49.41p
16:36 31,255 @ 49.41p
16:35 3,569,508 @ 49.41p
16:29 1,600 @ 49.37p

Capita Key Personnel

Chair Ian Powell
CEO Jonathan (Jon) Lewis
CFO Tim Weller

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