Cape PLC Share Discussion Threads

[spittingbarrel] 22/5/2015 10:56

Crikey - that's a nice bounce, got the xd fall back

[cockneyrebel] 22/5/2015 07:39

past long term rises have always seen many pull backs, like most stocks - depends whether you're a longer term holder or a trader as to whether it's an issue imo

[skinny] 22/5/2015 06:44

JP Morgan Cazenove Neutral 246.00 246.00 203.00 256.00 Reiterates

[salpara111] 21/5/2015 12:10

I am aware that it went xd I would be rather more alarmed if it dropped 10p for no reason!
The last update unsettled the market with the fall in the order book and then the contracts won just after the period end.
I was disappointed that the acquisition which I view as positive was not received the same way by the market.
I am holding for now but have increasingly sold down my portfolio to cash as I feel there is a real possibility that the stubborn Greeks could well end up ejecting themselves from the Euro which will doubtless cause a major drop in global markets.

[v11slr] 21/5/2015 08:27

xd today for 9.5p, so doesn't seem too bad to me.

[salpara111] 21/5/2015 08:25

Hmm,
If there is no bounce from here I am going to exit as there does not seem to be any support and the upward momentum seems to have run its course.
Personally I feel it is cheap but I don't set the market price!

[skinny] 18/5/2015 16:28

A bit of a run ashore into the close.

[deadly] 14/5/2015 19:26

Nice dip towards the close for a top up at 250p, and with the XD next week.

[cockneyrebel] 14/5/2015 12:22

Will be worth keeping an eye on broker forecasts in the coming days to see if they upgrade earnings forecasts on this acquisition.

All imo.

CR

[salpara111] 14/5/2015 11:56

Agreed, looks like a good value acquisition.
I had been considering exiting after the recent wobble but having given it a few days to reflect I am inclined to hold on for the moment.

[meijiman] 14/5/2015 08:57

Ggood deal -earnings enhancing. Redhall desperate for cash so Cape in a strong position. Probably good deal for both parties but Cape I think able to take advantage of Redhall's weak position.

[cockneyrebel] 14/5/2015 07:30

Earnings enhancing this year :-)

CR

[skinny] 14/5/2015 07:12

Acquisition of multi-disciplined engineering business

Cape plc, the international provider of critical industrial services to the energy and natural resources sectors, announces today that it has acquired Redhall Engineering Solutions Limited ("Redhall Engineering"), for a totalconsideration of £6 million. The acquisition will be funded from the Group's existing debt facilities and is expected to be earnings enhancing in the current financial year.

Redhall Engineering employs approximately 420 people, primarily located in the UK and had revenues of £30.1 million for the year ending 30 September 2014. The business predominantly operates in the process and downstream oil & gas industries and provides a range of maintenance services including specialist pipe welding and repair, tank repair, bundle pulling and shutdown services.

Commenting on the acquisition, Joe Oatley CEO of Cape said:

"The acquisition of Redhall Engineering is in line with our strategy to broaden the Group's portfolio by adding adjacent services and will allow Cape to offer a broader range of maintenance services to our key clients within the UK. Redhall Engineering has a strong management team and a highly skilled workforce and I look forward to welcoming them into the Cape group"

And from the other side :-



Redhall Group plc (AIM: RHL), the specialist manufacturing and engineering services group, is pleased to announce progress in implementing its strategic plan and the disposal of RESL.

Highlights

· Disposal of engineering contracting subsidiary RESL to Cape plc for headline consideration of £6.0m
· Net debt reduction resulting from the sale of £5.0m after adjustments and transaction costs
· Continued focus on higher margin manufacturing capability particularly in nuclear and oil & gas markets
· Withdrawal from loss making site based nuclear contracting business
· Removal of the divisional management structure complete

[spittingbarrel] 13/5/2015 09:06

Looks good value as long as oil holds, just added.

[cockneyrebel] 13/5/2015 08:47

The smart money buying CIU this am, after yesterday.

Near all buys this morning.

All imo

CR

[cockneyrebel] 12/5/2015 14:23

You can spend your life wondering who's selling and how much imo.

With oil firming and the need to maintain existing rigs when others are being mothballed I think they gain going forward, hence the big contracts from BP and EXxon recently.

And a 5%+ divi meanwhile, including a near 4% final divi soon.

All imo

CR

[skinny] 12/5/2015 14:08

Numis downgrades from buy to Add, but maintain their TP.

Numis Add 256.88 303.00 303.00 Downgrades

[salpara111] 12/5/2015 13:51

I noticed that Norges has clearly been offloading....the question is....is it going to continue to zero? if it is then the share price will remain under pressure for a few more weeks and now that they are under 3% they no longer have to inform the market.
Not a particularly big deal but frustrating nonetheless.

[cockneyrebel] 12/5/2015 10:35

With money pouring out of bonds and looking for yield, where's it going to go other than high yield equities?

All imo

CR

[meijiman] 12/5/2015 09:24

Well done deadly -great trade.........

[cockneyrebel] 12/5/2015 09:23

Nearly positive now.

If you're gonna be a trader, know what you're selling imo.

CR

[sjc] 12/5/2015 09:06

mm using charts too,looks like a good entry point
free stock charts from uk.advfn.com

[cockneyrebel] 12/5/2015 08:40

yes deadly - and if you look back at the chart since the recent low these pull back, which are common, have been great buying opportunities.

All imo

CR