UK 23:46 Saturday, 3 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
A year ago I wrote that “if you got lucky with Capita (CPI) shares…you should exit stage left now”. And the same has happened this year too, as you could have purchased Capita shares at about 30p and sold them at around 40p a share a few months later. However, the shares have been poor performers since, and the stock is lower than it was a year ago. Does Capita remain “C(r)apita”…?!
If you go back far enough in time, Capita (CPI) was a company where some investors (not me) made a fortune during the 1990s but life has changed a lot since then. And, despite the 90% share price fall over the last five years, I have not been a fan as most recently noted three months ago. But are the glory days coming back? After all, Capita notes this morning that it “continues to perform well, with further revenue growth and a stronger balance sheet”.
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.
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.
