Capital Share Discussion Threads

[gleach23] 02/9/2013 14:10

agree mega trader so I just topped up - it nudged up the bid which is always nice :)

[mega_trader] 02/9/2013 13:45

CEY, doing well, capd do work for cey, cey stated plenty of work programmes ahead. Hence more work for capd.

[thorpematt] 01/9/2013 01:40

That was Aug 14th you refer to.

Like it or not it was CEYs TS that was the trigger.

[mozii] 31/8/2013 13:33

Any idea what was the 5m+ volume mid August about? something going on?

[mega_trader] 29/8/2013 15:41

Cey (centermin) on the rise, good news for capd!

[mega_trader] 23/8/2013 11:26

Moz, slightly different to kenz, capd certainly look undervalued too, and the mining sector looks to be picking up, gold/silver miners doing very well. If a bid for capd were to materialize you could be looking at 40p+ (nav 42p).

[mozii] 21/8/2013 12:39

Can someone highlight how CAPD compares to KENZ?Could this be a takeover target given the solid results and new contracts?

[valhamos] 19/8/2013 21:18

Happy with the results. They seem to be on top of the situation with decent cashflow in difficult conditions. I agree I think we are over the worst and they look undervalued against a continuing general mining recovery in the next few months.

[mega_trader] 19/8/2013 20:07

Good results, perfectly setup for the mining industry recovery with increased profitability. Now over the worse. These are cheap, hence the large buy a few days back. True Multibag potential.

Too much emphasis on centermin by some posters, look at the blue chip clients and the potential repeat and extended business there.

[deanowls] 19/8/2013 15:04

Decent results out today for the level of rig use currently, debt down despite exceptional costs! Just needs to find the bottom and hopefully centamin gets sorted out and we can move on from here, seems to be now managed well.

[thorpematt] 14/8/2013 15:24

Volume is high at over 5m - normal is 100k ish

CEY mentioned "drilling" 18 times in its update.

I infer from that that they have been...drilling.

Which is what I thought they'd been doing...which is good.

CAPD will be hiring out drilling rigs...which is also good.

1st target is 40p...which will be good.

:-)

Good.

[valhamos] 14/8/2013 13:12

Statement today from CEY that exploration activities justify further drilling will have helped sentiment as we move off the recent lows.

[dangersimpson2] 14/8/2013 11:54

Not sure whether they are both buys - more likely a matched buy and sell with commission in the price and maybe a bit of mm book balancing in there too - however looks like an overhang has cleared which can only be positive short term.

[mister md] 14/8/2013 11:10

2x 2 million share buys, pretty huge

[mirabeau] 14/8/2013 11:06

Interesting move and with volume as well. News due?

[cascudi] 06/8/2013 12:43

it is gently going up with nice buys.. hope it is a good sign and it will continue

[cascudi] 01/8/2013 15:31

big buy today

[cascudi] 29/7/2013 20:08

last year in December this company hit 16.5p and than it jumped back to over 40p.

[cascudi] 29/7/2013 15:20

looking the finance statement in terms of current asset and current liabilities
at lest the share price should be 24p imo so 40% more than the current share price
ROCE 15.3%
RONA 15.4%
quick ratio 2.5

[koolio] 05/7/2013 07:40

Not convinced about the Egypt situation being good for CEY or CAPD. I am not holding either company myself at the moment but I continue to watch. GLA.

[thorpematt] 05/7/2013 00:04

Capital Drilling Ltd (LON: CAPD)'s stock had its "buy" rating reiterated by investment analysts at Canaccord Genuity in a note issued to investors on Wednesday, Analyst Ratings Network reports. They currently have a GBX 35 ($0.53) target price on the stock. Canaccord Genuity's target price would suggest a potential upside of 94.44% from the stock's previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at Liberum Capital reiterated a "buy" rating on shares of Capital Drilling Ltd in a research note to investors on Wednesday. They now have a GBX 30 ($0.46) price target on the stock.

Shares of Capital Drilling Ltd (LON: CAPD) traded up 3.83% during mid-day trading on Wednesday, hitting GBX 18.30. Capital Drilling Ltd has a 52 week low of GBX 44.00 and a 52 week high of GBX 95.25. The stock's 50-day moving average is currently GBX 54.94. The company's market cap is £24.6 million.

[thorpematt] 04/7/2013 23:57

Gold miner Centamin saw shares jump by nearly a fifth on Thursday after the President of Egypt, where its flagship Sukari mine is located, was ousted by the military. Centamin has been involved in a legal dispute with Egypt's administrative court since the government came into power, regarding the validity of its Sukari licence.

Analysts at Investec said today that while the political chaos in the country is "unsettling", it may not be necessarily bad for Centamin which had only encountered tenure issues since Mohamed Mursi was elected. "Providing protests and disruptions do not result in fuel or explosives issues for the mine, CEY could continue as normal throughout this uncertainty," they said.


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I need some up to date calcs here but:-

EV is i think £37m

NAV I think is well above that - so I think a margin of safety exists here. In other words free money.

Clearly we would need to be carfeful in any fancy asumptions for future income but applying a non-growth figure and projecting a "guess" based on comparing back to an average historicly (5years) we would have to believe that significant positive cash generation is perfectly achievable once the cyclical lows are behind us.

In other words a future return on equity (magnified by some of that free money) could be quite lucrative.

BUT here's the thing: Given that no dividend is present, the cash produced by operations is of course re-invested in the business. I'm fine with that but what it has to do is to increase the book value with some tangible increase in assets.

Here are the figures for the last 5 years :-


Net Tangible Asset Value Per Share

p

18.60

13.94

28.59

37.10

42.62


Given that CAPD is trading at less than 20p / share,we again have quite a way to fall in order for that margin of safety to dissapear.

[technofiend] 04/7/2013 16:13

What is good or bad for CEY tends to be good for CAPD.