Cape PLC Share Discussion Threads

[martinc] 31/1/2014 20:50

I wonder if we're ready to start an upward trend again? We've had several contract announcements, and it's a while since that's happened. If the bad times are behind us, the forecast PE of 11 looks very cheap (relatively speaking).

[bsharman3] 22/1/2014 13:07

Investec downgrades and the price shoots up?? strange but cant find any news...

[deadly] 20/1/2014 18:21

Up 5% today on no news, but sector looking strong.

[lewis1234321] 29/11/2013 22:47

And there you have it ! Staying for the ride to 301.

[martinc] 29/11/2013 10:13

Excellent.. that's big enough to bump up the order book a bit.

[lewis1234321] 18/11/2013 19:24

Stay tuned for a further boost folks.

[salpara111] 18/11/2013 11:34

Just taken my money off the table at 274.
Small profit which is a decent result considering that I was well under water at start of play on Friday

[salpara111] 18/11/2013 10:28

Curious the way the share price collapsed and has now recovered nearly all of the fall.
I am still not thrilled about holding for the long term so may exit into strength.
PFC getting hammered today.

[the diddymen] 15/11/2013 17:16

Salpara I thought that you 'hold on' with CIU, not 'hold'!

[salpara111] 15/11/2013 16:46

Well I can only assume that the conference call put the big boys at ease.
I am now at b/e or slightly ahead including the divi so I will need to decide whether to exit or hold on.
Going on previous experience here I am inclined to hold for the next week as they always tend to bounce back after a drop like this.

[lewis1234321] 15/11/2013 11:48

Back in Fokes. Going up to 286. Be quick.

[salpara111] 15/11/2013 08:52

The problem as I see it is more fundamental.....they are clearly being more disciplined now in terms of bidding for contracts but the result of that is we are seeing a shrinking order book.
If the entire environment is getting more cost competitive then you have to either take lower margins or not work at all.
They are clearly a pretty cash generative business and pay a good divi which will always provide support to the share price but I struggle to see how this plays out in the longer term.
I say this as a holder who is now about 5% underwater so not being unduly negative.

[bulltradept] 15/11/2013 08:51

Salpara111, I enjoy reading your posts, unfortunately especially with CIU, as someone has already stated they have previous.

Be surprised if CIU go over £2.70 today, but you never know..

[valhamos] 15/11/2013 08:43

Sure I'm not pretending the news was not disappointing, but the bottom line is not as bad as the reaction seems to suggest. The company is prone to issue disppointing news, though the problems in Australia and Algeria were not the fault of current management. Every now and again very competitive contract prices are exposing a lack of discipline in contract management.

[salpara111] 15/11/2013 08:26

Bouncing back really strongly now....I will look to exit on strength today...hopefully near my buy price.

[salpara111] 15/11/2013 08:19

Silly silly me for holding expecting this IMS to be the one to drive the share price up.
They have had 1.5 years to get legacy contracts back on track and still the Fu*k ups!
Now back well under water again.
At least they are backed up by a decent divi which will provide support to the share price but nothing else.
Really disappointed!

[the diddymen] 15/11/2013 08:18

Valhamos I think that it is the first part that investors are looking at. CIU have given too many shocks over the last three or four years and investors instinctively look for the worst:

The Board anticipates that the full year operating profit will be materially below previous expectations as a result of the project specific operational challenges in the Middle East. Group earnings per share is expected to be slightly below previous expectations as a result of the mitigating effect of the minority interest in the Qatar business and an improvement in the Group's overall tax rate.

[skinny] 15/11/2013 08:14

Unfortunately they have previous.

[valhamos] 15/11/2013 08:11

"Group earnings per share is expected to be slightly below previous expectations"

Seems an over-reaction to me.

[skinny] 15/11/2013 08:07

And there it is - down 16% at open!

[rialto bridge] 15/11/2013 07:36

The Board anticipates that the full year operating profit will be materially below previous expectations as a result of the project specific operational challenges in the Middle East.


Are you ready> I says ARE YOU READY FOR TONKING> 150p open?

[lord gnome] 15/11/2013 07:35

'Whilst the third quarter was in line with expectations, the Board expects that the full year result will be further impacted by operational challenges on a specific project in the Middle East.'

Is that really another profit warning?

[skinny] 15/11/2013 07:23

Cape plc is pleased to announce that its wholly owned subsidiary Cape Australia Onshore has entered into an agreement with Bechtel, one of the world's most respected engineering, project management, and construction companies, for the supply of Scaffold Erection and Dismantling Services on the Chevron-operated Wheatstone Project in Western Australia.

The contract, valued at over AUD $80 (£45) million expects to create 135 new Australian jobs, all located onsite at Ashburton North, 12 kilometres west of Onslow in Western Australia. Jobs include approximately 95 skilled scaffold erectors supported by 40 supervision, safety, administration and management roles.

Joe Oatley, Chief Executive of Cape plc, said: "We are delighted to announce the award of this contract which will create new local employment opportunities and recognises the management and expertise of our recently reshaped Australian business. Building on Cape's considerable world-class LNG construction expertise, this contract will provide a solid base of project activity for our Australian business."

"We look forward to working closely with our client, and supporting them in delivering safe, efficient and productive construction activities on one of Australia's largest resource construction projects."