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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Cape | CIU | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 263.125 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 263.125 |
| Top Posts |
|---|
Posted at 23/3/2017 11:31 by liberatingsteptoe Perhaps we should ask the board to cut the dividend more often.........LS |
Posted at 15/3/2017 11:09 by flagon Results read well IMHO. Record order book with confident outlook for 2017 and litigation issues increasingly in the rear view mirror. All for a PE of 6 ...Here's what Canaccord had to say - Canaccord upgrades Cape to 'buy' By Michele Maatouk Date: Wednesday 15 Mar 2017 LONDON (ShareCast) - (ShareCast News) - Canaccord Genuity has upgraded Cape to 'buy' from 'speculative buy' and bumped up the price target to 250p from 230p given the reduction in the litigation risk and following the company's full-year 2016 results on Wednesday. The brokerage said the numbers were better than both its and consensus expectations, with FY earnings before interest, taxes and amortisation of £55.4m, some 4% ahead. In addition, it noted cash flow has been robust, with a substantial 2H working capital inflow and a lower-than-expected capital spend. The outlook into 2017 is also robust, with a significant increase in the order book and an anticipated improvement in trading in the UK. Canaccord said the fly in the ointment is the decision to address the long-standing over-distribution by Cape. It pointed out the halving of the dividend to 7p per share and said it expects it to stay at that level at least for the next two years. "The principal reason is the outflow associated with the settlement of the PL litigation announced earlier this week, but we believe the reduction also reflects a desire to continue to grow the business in attractive and robust end markets." Earlier this week, Cape shares rallied after it reached agreement to settle the insurer product-liability claims, allowing the matter to be resolved outside the court process. The settlement agreement provided that an upfront payment of £18m, inclusive of substantial legal costs, would be paid to the insurer litigants immediately, with a deferred payment of up to £34.5m payable to the insurer litigants in the period 2018-2023. Link -> |
Posted at 05/1/2017 22:24 by master rsi Malc's has a Positive posting today after the news.........The Oil Man: Oil price -By Malcolm Graham-Wood | 5th January 2017 - 12:20 Cape (CIU) clearly put the burners on at the end of November, I have just re-read the trading statement of 18 November in which trading was described as being "slightly ahead of expectations". According to today's update trading is now expected to be "materially ahead of expectations" due to "Additional work scope awarded at the Chevron-operated Wheatstone natural gas project" and to be fair a strong performance in Asia-Pacific. The company has also felt able to say that: "This improvement in performance is supported by strong cash generation with a consequent positive impact on net debt". Only the good lord knows what might have happened by the time of the results which are coming out during the Cheltenham Festival. Cape remains one of my top picks, like most followers I was rather put off by the announcement about the insurer PL industrial disease claims situation, which appeared to worsen last year and the company had to admit that the worst case scenario might threaten the divi - there is nothing in today's release about this. If one can put that to one side it is clear that the excellent management team continues to deliver and then some and in what has been a difficult environment has come through with flying colours. |
Posted at 18/11/2016 11:59 by eddie1980 £10m is only one claim. I'm reading there's two claims - £10m provided for is re Industrial 'EL' claims. the second - Industrial 'PL' claims (Product liability) is the other that they cannot accurately estimate, and it is this one that leads them to say it may impact strategic plans and ability to pay dividend - which i guess reads potentially very big!!!I suspect its going lower before it bounces back.... |
Posted at 23/8/2016 19:51 by lord gnome IC take on today's results:'It’s tough out there for critical industrial services provider Cape (CIU), as half-year results underline. A 10 per cent increase in revenue, thanks partly to the contribution of Redhall Engineering, was one of the few bright spots in a period where margins contracted, statutory pre-tax profit dropped 92 per cent, and oil and gas clients gave few indications of an uptick in demand. Good working capital management allowed the company to keep net debt roughly in line with the 2015 year-end, while the interim dividend payment was maintained." |
Posted at 23/8/2016 15:20 by boboty They seem to have made provision for it and the case is for claims 1956 through to 1965 (I think) so if employees were in their 20ies they would now be aged a minimum of 70 up to about 90. I think the risks are now in the past and the provisions may well unwind over time and come back to improve profits in the future. This company seems to be risk adverse so hopefully they have made the right decisions and over provided.The results announced today are good in the light of the stress the oil industry is in and Cape still made profits and are going to pay a very healthy dividend. As the oil price increases cape's clients will want to make good underspend on maintenance and capital projects and then cape will be able to improve margins and turnover. So this looks cheap to me |
Posted at 14/3/2016 11:59 by rhomboid A chunk of the move is me recycling monies out of LRD and into CIU and RSW amongst others , I'm hopeful that I'll do evenbetter here but obviously not a clue as to how good Wednesday numbers will be so don't read too much into the price move! |
Posted at 24/11/2015 10:30 by tuscan4 Reading between the lines 2016 will be poor. No comment on debt levels. If oil price stays low, or goes lower, dividend maintenance looks unlikely. |
Posted at 24/11/2015 07:49 by valhamos Looks to be in line for 26.5p eps this year. Nice dividend yield of 5.4% |
Posted at 14/10/2015 09:55 by grahamite2 It's odd the company website does not show dividend history and its financial calendar doesn't show anything about dividends. Generally it looks quite an attractive stock but you have to wonder about little things like that. |
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