Investec Backs Capita, Despite Losing 50% in 24 Hours

Capita is down 86% in the past two years, but Investec's Alessandro Dicorrado is bullish on the troubled outsourcer

David Brenchley 10 August, 2018 | 8:20AM
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Capita, Capita share price, Investec, special situations, Carillion

One of Capita’s (CPI) largest shareholders is tipping the troubled outsourcer to bounce back, claiming the business is worth at least two-thirds more than its current £2.14 billion market cap.

In the space of three years, Capita’s share price has slipped 90%, from a high of 1,320p to trade today at 135p. That’s thanks to a string of profit warnings, the first of which came in September 2016 when the firm traded at 990p.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Capita PLC48.52 GBP0.00
Ninety One Global Special Sits I Acc326.65 GBP-0.51Rating
Serco Group PLC129.40 GBP0.00

About Author

David Brenchley

David Brenchley  is a Reporter for Morningstar.co.uk