Share Name Share Symbol Market Type Share ISIN Share Description
Capital Drill LSE:CAPD London Ordinary Share BMG022411000 COMM SHS USD0.0001 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -3.00p -5.13% 55.50p 54.00p 57.00p 58.50p 54.00p 58.50p 181,092.00 15:21:47
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 53.5 -3.8 -5.2 - 74.87

Capital Drilling Share Discussion Threads

Showing 851 to 873 of 875 messages
Chat Pages: 35  34  33  32  31  30  29  28  27  26  25  24  Older
DateSubjectAuthorDiscuss
21/2/2017
17:27
I bought for the first time (in this cycle, held briefly in 2014) this morning, been watching for a while but never seemed to time a dip with having funds. In at 54p, and today's dip has hit the bottom line of the trend channel, bounced on the 100 day moving average which has been support a few times before and it has also backtested the last breakout point (of 54p). There is a gap to 52p which might get filled (hopefully not) and RSI is very oversold and the past 3 times the RSI has been this low it has rallied nicely afterwards. I'm using charts more and more of late and hopefully I've time this one right, I have bought for the fundamentals though as I thought the most recent statement was very bullish, especially when you look at the sharp rise in revenue forecasts for the coming year, which suggests to me their recent investment into the business will start to bear fruit.
greenroom78
21/2/2017
11:49
Held back for a while this morning as sells came in but the the Offer is now firming so just made a top up. Will top up again if goes nearer 50p. Edit - as you suggest though LG it does look like we have to wait for a seller to clear
gleach23
14/2/2017
15:09
I would guess that we have a seller in the background feeding stock to the market, otherwise selling this light should not have had such an effect on the share price. As you say though, gleach, it has bought out the bargain hunters.
lord gnome
14/2/2017
14:53
A little light selling seems to have driven down the share price quite quickly.
lord gnome
07/2/2017
11:43
Finncap's note yesterday summarises as follows FYI: "Update points to an uplift in activity in 2017 The group’s year-end trading update points to underlying mineral market conditions improving. Revenues have exceeded our expectations, with new contracts incurring higher short-term costs. Thus 2016 profitability was lower than we forecast. New contracts boost 2017 prospects and revenue guidance has been raised. We raise our 2017 EPS forecast from 0.8c to 2.3c. The shares continue to offer good value, with substantial upside at this point in the group’s recovery phase. We raise our price target to 95p, based on an undemanding EV/EBITDA of 6.4x." "Forecasts. On the basis of raised revenue guidance for 2017, we increase our revenue forecast to $108.2m, with adjusted PBT increased to $6.0m, up 50%. This results in EPS of 2.3c. Valuation. The shares have lifted off their cyclical low point early last year, but still have substantial upside, as the end market recovery is still in its early stages. The shares trade on an EV/EBITDA of 5.3x and 4.4x respectively. We raise our price target to 95p, based on an EV/EBITDA of 6.4x in 2018. This appears an undemanding target given the strong opportunity for new contracts to materially increase earnings forecasts."
rivaldo
06/2/2017
23:31
Today's trades indicate buying at 64.5p and selling at 62.5p, so the real spread was respectably small. I always ignore the published spread!
rivaldo
06/2/2017
18:19
News today was good but my main irritation is the spread on this share. Notwithstanding, you can normally trade inside but at a quoted 5% it does seem excessive particularly in that the big director sale last summer was to improve liquidity etc etc! I am convinced there would have been a far higher volume today if spread was more sensible - end of rant!
yogi
06/2/2017
09:34
Clearly there is still plenty of headroom in the rapidly increasing rate of utilisation too. It's up to 59% in Dec and they've previously indicated that Dec/Jan traditionally sees a softening in the rate. Given it was in mid-80s 5 or 6 years ago we could see quite a ramp up in Q1 2017.
gleach23
06/2/2017
09:01
FWIW, finnCAP has just upped its target price to 95p. I'll be happy with that this year.
lord gnome
06/2/2017
08:51
It's not so much the rig count but the rig utilisation which matters and that's up to 55% in Q4. ARPOR is down but it seems that's due to contract startups where the rigs take a bit of time to get to optimum drilling performance. It looks like they incurred a lot of mobilisation costs in Q4 to prepare for all the new contracts - hence FY16 EBITDA below expectations but revenue forecasts significantly raised for 2017.
wjccghcc
06/2/2017
08:47
A very positive sounding update and all looks to be well, going forward, but I do have a couple of minor reservations. Net revenue per rig is down on a reduced rig count. Does this reflect lower-margin production contracts? Cash generated from activities is also well down, despite greatly increased revenue over 2015. Other than that, I am more than happy.
lord gnome
06/2/2017
07:47
Agreed, very positive [nearly missed the announcement - investegate, playing up again] Thanks, rivaldo.
saucepan
06/2/2017
07:37
Excellent 2017 trading update, and 2016 prelims, are out. Most importantly, there's a huge upgrade in the revenue outlook for 2017. Guidance is now for $105m-$112m, compared to Finncap's prior forecast of just $91.5m. 2016 results are very good (though cash is down due to investment etc), but the outlook is terrific given the raised expectations and improved market sentiment: "2017 Outlook The improving market conditions are expected to continue, as evidenced by new contract activity across the sector. Improvements in the gold segment are also driving additional tendering opportunities with Capital Drilling's existing clients in its core markets. Positive market sentiment is evident as Junior mining companies continue to secure capital and raise equity, while existing brownfields projects are expanding exploration activity and moving open pit operations to underground mining. Capital Drilling is in a strong position to capitalise on opportunities as the market continues its upswing. Investments completed during H2 2016 as outlined above both in terms of direct apex and new contract mobilisations have provided a foothold into the West African and Serbian markets. The Company's revenue will continue to be underpinned by its long-term production contracts, including the high performing North Mara contract. As the 2017 year commences, the Company has 8 exploration contracts secured compared to 3 in the first quarter of 2016, together with its ongoing long term production contracts. As a result, the Group expects significant revenue improvement in 2017 and provides guidance for revenues of $105 million to $112 million for the year. "
rivaldo
28/1/2017
08:49
Judging from the market action these last few days, I'd say that someone already has a shrewd idea what the update will say.
lord gnome
27/1/2017
16:27
I'll double that riv
deanowls
27/1/2017
10:30
More new highs...the trading update has been on 28th Jan for the last two years, so I'm guessing it'll be this Monday morning.
rivaldo
27/1/2017
10:29
More new highs...the trading update has been on 28th Jan for the last two years, so I'm guessing it'll be this Monday morning.
rivaldo
26/1/2017
18:40
Lovely Looking Long Term Chart !
naughtynicky72
23/1/2017
12:02
..and again.
rivaldo
20/1/2017
13:22
Cheers gleach - not long to wait then. New highs now...
rivaldo
12/1/2017
16:08
The usual swift recovery of a dip here - almost all buys today, including the recent 5k reported as a sell
gleach23
09/1/2017
12:05
I'm guessing it was coincidence that somebody slotted 250k on the day Finncap upgrades..
rhomboid
09/1/2017
11:17
cheers rivaldo...would help explain the recent buying activity :)
gleach23
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