||EPS - Basic
||Market Cap (m)
|Oil Equipment Services & Distribution
Cape PLC Share Discussion Threads
Showing 4876 to 4898 of 4900 messages
|He who dares Rodney....|
|Buying into a share with potentially large legal claims of unknown size seems quite brave to me..|
|£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....|
|With that litigation the sensible thing is get out|
|How much could they actually stand to pay out if they lose. Article suggests £10m,but £30m wiped off the mkt cap today alone!!! Even if worse than £10m, it does look like a lot of this is now in the price.|
|I think I'll hold on at this level. Fortunately I reduced at about £2 in September, but feel like this might be a bit overdone.|
|I've topped up. Think the fall is an over reaction, the directors did state in the RNS that they don't feel the need to make a provision at this stage and they believe their defence is strong.|
|I'm out. Tried to sell first thing at 169 but TD kept falling over and finally got out at 159. I take the view that this litigation will overhang the company for some time to come and could see the shares move even lower. I was here mainly for the yield, but with that under threat I see no reason to stay invested. Take the hit and move on.
|Ouch!! Figs ok, but litigation issues looking increasingly complex, with a first mention of potential divvy effect! Stock price behaved accordingly!! This is indeed a well run Company suffering some bad luck in their markets and legacy issues, but likely to be a long term recovery story, rather than a short sharp bounce IMO.|
|These look a tad over sold today|
|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."|
|Happy enough with the results and the way that the share price almost recovered to end flattish today. At this level they do look good value and that yield is enticing. This is a well-run company and I can see it prospering again as oil recovers. Happy to hold.|
|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|
|There's quite a big risk asbestos will eventually pull this down.|
|I'm back in today - that might have had something to do with it ;-))|
|Oil price recovery over the last few days? Buying ahead of interims on Tuesday?|
|Anyone know why this has bumped up today?|
wet your knot
I've 40 holdings at the moment and unsurprisingly think they are all good value, however CAPD is a standout for me along with HAYT, both have very high USD revenues and are at a very interesting stage in their development. Any questions go to the relevant board & I'll try & assist.|
|Worth looking at £SOM who primarily operate in the USA with some exposure in other territories. Strong balance sheet, and trading well, with a strong balance sheet. Worth checking out.|
|Thank you rhomboid that's very useful. I think I will hold for now.
Are there any other similar stocks on your radar which MAY have been overlooked?
Not overlooked but I do think that the hosuebuilders / construction cos. are much more financially strong in 2008 & will weather the storm. Am currently keeping an eye on some of the higher yielders (inc IRV, CLLN, PSN, BKG, BWY) for an entry point.
Much more risky, I have taken a £70K punt on the FTSE 100 falling from current levels in the next few days / week - bought 5UKS yesterday. Down at the mo, but fingers crossed!|
Note 25 covers it in detail, about 50% of revenues are Oz dollars or USD, the rest mainly GBP, so roughly half the profits will benefit from a weaker sterling.
Not sure the market has twigged how material this upside is.|
|Anyone care to offer any wise words on the nature of Cape's earnings & how Brexit / sterling devaluation will affect things?
I have already jumped the gun & bought 20000 shares @ 1.84 on Monday but just wondering if I should bale out with the small profit I have made.|
Significant new contract win , 5 year term , customer "intimacy" pays off ..|