Can someone explain to me why EPS has decreased year on year yet FCF per share has more or less done the opposite and increased ? With FCF so good are we all missing a buying opportunity ?
Have you seen their announcement in January?
" we expect a free cash outflow this year, "
"The divisional plans indicate that there is likely to
be a significant negative impact upon profits from contract and volume
attrition"
Dividend suspended.
Rights issue (restructuring?) planned.
Massive debt.
Significant disposals needed.
Maybe there is an opportunity for a turnaround here, but clearly not without its risks.
To me Capita looks like a classic case of "diworsification."
