onsdag den 31. januar 2018

Evil Diaries: Yes, it’s that bad

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DAILY BULLETIN
Wednesday 31 January 2018
Yes, it's that bad
by Evil Knievil | Evil Diaries | 1 mins. to read
Evil
Capita (LON:CPI) updated the market this morning with an RNS on "transformation, capital structure, funding and trading outlook". As I type the shares are down 145p at 203p.

Matters are clearly as bad as described and very probably getting worse. There is no hope offered anywhere at all.

CPI may fancy raising £700 million to bolster its balance sheet. I doubt if that is enough and, even if it were, wonder what would be the point in subscribing for new equity. Yes, it's that bad.
 
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