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Capital Drilling Share Discussion Threads
Showing 801 to 825 of 825 messages
|Yep, new highs now.|
|Great to see buying @ 54p today - let's hope the 10k towards the close gives us some momentum going into tomorrow to break the recent high and enter new territory.|
|Damn right that COPA chart is lovely :-)|
|The recent strength in copper is also helping.|
|Nice to see some blue against a sea of small cap red - presumably up given the rising gold price as a safe haven.|
|A couple of humongous trades just gone through. Looks like a 'put through'. What's that all about, I wonder?|
|In with a few this morning. High yield plus capital growth opportunity. Also a good hedge against further falls in the value of the £ and Brexit machinations.|
|joined the bulls here gl|
"House broker finncap said the firm's current valuation offered strong appeal, currently trading on a multiple of just 3.8 for enterprise value to EBITDA, which "remains very attractive given the operational gearing to any increase in revenue and market recovery".
It repeated a 70p one-year price target, which offers significant upside. Shares are currently changing hands for 45p - up 0.56% on the day."|
|Lots of headroom for the fleet utilisation to improve too. Even though they say it traditionally softens in the Dec/Jan period, indications are that it will continue to improve -
Q3 2015 34%
Q3 2016 43%
Oct 2016 48%
Back in 2011 it was 84% in the Q3 update so could be some way to go if market sentiment continues to improve.|
|Excellent Q3 trading update just out:
In particular trading has got even better in October with utilisation up to 48%, and a very positive and optimistic outlook going forward.
Perhaps new recent highs coming soon if all goes well.|
|can't be bad then - well done :)|
|i'll take that kind of luck every day of the week :)
130% capital gain and dividends on top|
|unlucky spob - if the weakness continues you may have a chance of nipping back in ahead of a Q3 update which I think must be due next week|
|my profit protection stop loss triggered this morning
had a good run here|
|This has to be good news overall. The reason for this move will simply be liquidity - there's no way anyone could sell that many shares in the market. The institutional investors must have been very keen, and as WJ says the directors still have a very large holding here.
Give the way these things work it wouldn't surprise me to see some contract win news at some point later this year.|
|One always thinks in these situations that there must be an underlying reason for the directors reducing their stake which means the share price is unlikely to increase in the short term. However I believe the last time there was a director placing/sale was when CAPD came to the market in 2010. The price was 61.5p and it proceeded to rise in the following year to over 100p.|
|It's a positive in my opinion and if I get chance of any at 48p I'll take them.|
|The money is going to the directors and founder shareholders, so only benefit to other shareholders is increased liquidity but I'm curious as to why now|
|Hopefully jch18...at least it's not much of a discount.
Edit - thanks WJ. Nothing particularly negative for existing shareholders then? A chance for directors to cash in some of their stake (negative) but this is picked up by institutional demand (positive)|
|It's a secondary placing, the funds are going to the directors, not the company.
The directors currently own 60% which will drop to 43% so it's not as if they won't still have skin in the game, and increasing the institutional shareholder base can only be a good thing.|
|Placing at 48p for 18.5% of company. Institutional demand. Some of the shares are being used to increase liquidity, which is no bad thing. The £12m raised will obviously strengthen the balance sheet further. For a company that has run its finances so well, one hopes that the funds are used prudently.|
|Great to see renewed buying interest after consolidating at this higher level|
|Nice - Finncap have today increased their target price here to 70p (from 50p):
|Good contract win news today, offsetting the Mauritanian slowdown:
The CEO's comments add further encouragement:
""This new exploration contract is another positive win for our company and provides further encouragement that a sustained cyclical upswing in the drilling services sector is underway. This will translate into a further improvement in the utilisation rate of our exploration fleet, as well as further expansion of our operations in East Africa, both of which are in line with our growth strategy."
"We remain confident that our competitive operational model, together with our strong financial position, will allow us to continue to pursue growth opportunities in this improving market."|