Capital Share Discussion Threads

[wjccghcc] 15/5/2015 11:31

Got mine on 13/5 with Hargreaves.

[gleach23] 15/5/2015 11:24

hi sebass - assuming you are a holder, did you receive the recent 1.9c dividend payable on 8th May? I haven't yet and have just written to Selftrade about it

[sebass] 15/5/2015 11:18

"On current demand forecasts the Group has no further requirement for rig purchases in 2015 and we expect to generate strong cash flows over the year allowing further balance sheet management initiatives for shareholders".

Sounds like possibility could be further dividend increase or share buybacks at the end of the year

[gleach23] 28/4/2015 07:00

A few trades going through on the offer recently - would be nice if CAPD went on one of its little runs upwards soon - it can get up quite a head of steam

[deanowls] 17/3/2015 14:03

Debt free and now paying a divi, should put a floor under the recent falls.

[pugugly] 28/1/2015 07:56

Extract below says it all - One very much for the back burner until the world demand for minerls improves - Until then (imo) dead money and I suggest a slowly declining share price as investors try and re-deploy funds to more profitable areas.

"2015 Outlook


The downturn in the mining cycle saw its third year in 2014, with further pressure on metal prices such as gold, iron ore, and copper, as the slowdown in the Chinese economy continued, along with further economic crisis in the Eurozone and the threat of deflation grabbed the headlines. The second half of 2014 saw a substantial deterioration in market conditions in particular, compounding the weakness in metals markets. As we start 2015, the headwinds remain, particularly in the copper and iron ore markets, albeit some positive pricing moves in gold provide some encouragement.



With ongoing volatility driving a lack of visibility in the commodity markets the Company intends to provide a further update with the formal release of the audited full year results on 17th March 2015. We do however expect a further decline in full year revenue in 2015, but again with the Group's focus on cash generation and debt reduction we remain positive on the medium and long term prospects for the Company."

[deanowls] 24/9/2014 14:37

I think the management have done fantastically well here considering the issues they have had. Look forward to the debt being eradicated.

[jacks13] 24/9/2014 12:59

The term 'lifestyle company' has come into vogue recently; meaning a company where the management tick along nicely but the investors get scant reward. Is this one of them?
I know they're joined at the hip to Centamin, and Centamin are still not clear of the Egyptian court case but I do wonder whether Capital Drilling will ever have any legs.

[sebass] 19/9/2014 09:01

Assuming we do another $12.5m ebitda in H2 then we will have £15m ebitda for a market cap of £37m close to debt free at the end of the year. Seems like a good price to me

[thorpematt] 26/8/2014 16:49

Careful on the debt.

Some of the long term liabilities are now in the short-term
(current) column.

Note 8 details more. All is fine of course, provided current
revenues are maintained as a minimum. (Which we have no reason to
consider movement either way is probable).

Credit facilities look appropriate so not a concern.

Bit of a cyclical one obviously.

[kinbasket] 26/8/2014 08:09

Likewise.

Also impressed with cost reductions and an increase in ARPOR in current environment.

And the revenue is up on previous half.

These guys are well positioned if the mining industry ever decides to start exploring again..

[sebass] 26/8/2014 08:09

Looks like there will be very little debt left at the year end. That should start giving shares a significant re-rating.

[chizgreen68] 26/8/2014 07:49

Very impressed once again at CAPD ability to pay down debt in this low utilisation environment, suggests management run a tight ship.

[pugugly] 26/8/2014 07:30

Initial response to accounts.

Revenue and profits down significantly as expected - cash flow encouraging BUT imo share price probably rangebound unless and until exploration activity picks up.

[deanowls] 07/7/2014 09:11

Decent update thi morning, gearing will reduce by the year end and hopefully the share price will begin to move in the right direction. Seems very well managed and if the CEY issues get resolved and they can get more licences in Eygpt should begin to look a lot more positive.

[valhamos] 10/6/2014 16:42

nice graph from August last year with higher lows.

[barbra2] 10/6/2014 16:04

These seem to be springing back to life again.

[sebass] 21/5/2014 11:51

Positives-
Revenue up 20% from q4
Arpor- 187k from 163 in q4
Maintained positive op cashflow described as strong on current demand level which most of it is predictable as long term contracts

Negatives
Utilisation 44% down from 46%
Capex has gone up because of new contracts
Weather had impact on some ops

What can we expect from year as a whole $104m turnover based on q1 performance I would be surprised if it was not more. We know in H2 2013 they did $43m turnover and $3.6m ebitda so assuming a 10% ebitda margin (Q4-8%) then we get ebitda at $5.2m for H1 and $10.4m for the whole year. Any views?

[thorpematt] 16/5/2014 10:38

Agree. Long term future looks very bright. Buying in at the depressed level seems the wise choice...

[chizgreen68] 16/5/2014 09:08

Anyone who can make money in a depressed but cyclical market deserves respect

[valhamos] 16/5/2014 08:35

Utilisation has steadied, and even at these reduced activity levels there is "strong operating cash generation". There are signs of a recovery in commodities/mining - I continue to hold.

[deanowls] 16/5/2014 07:53

Decent update today, if the mining picks up this will be very highly geared, good long term contracts, and reducing debt on current contracts. One for a lth.

[thorpematt] 02/5/2014 10:00

Indeed, gradually been ticking up. Quietly ticking through those resistance levels.