||COMM SHS USD0.0001 (DI)
||EPS - Basic
||Market Cap (m)
|Capital Drilling Daily Update: Capital Drill is listed in the Support Services sector of the London Stock Exchange with ticker CAPD. The last closing price for Capital Drilling was 60p.|
Capital Drill has a 4 week average price of 61.58p and a 12 week average price of 57.68p.
The 1 year high share price is 66p while the 1 year low share price is currently 25.75p.
There are currently 134,903,396 shares in issue and the average daily traded volume is 76,780 shares. The market capitalisation of Capital Drill is £80,267,520.62.
|lord gnome: 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: A little light selling seems to have driven down the share price quite quickly.|
|lord gnome: Thanks gleach. That dividend sounds very tasty, as does a 70p share price, yes please.|
|valhamos: 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.|
|rivaldo: Nice - Finncap have today increased their target price here to 70p (from 50p):
|deanowls: No debt, I believe share price covered by Nav near enough also! Divi to be raised?|
|valhamos: From today's update:
"Of particular encouragement was the award of multiple exploration contracts during the period, indicating early signs of a measured industry recovery. It is also important to note that the Company was awarded the majority of the exploration contracts it tendered for."
Looks well positioned for further recovery in the business and the share price.|
|troc1958: Positive Centamin news required re court case to boost CAPD share price as Centamin contributes over 10% of CADP's income. Any distruption to Sukari will impact on CAPD. Centamin confident that operations at Sukari will continue throughout the "appeal", so no loss of drilling time.
I am a bit concerned that the removal of the CEO has a more sinister operational reason. However this and the fear of distruptions at Sukari should already be reflected in the share price drop from 60's to below 30p.|
|troc1958: At CAPD share price of 31p market is discounting a huge slowdown in the resource exploration (& drilling) market. Did a quick (simplistic) financial review and 2013 forecast based on currently available figures.
My 2013 Revenue Forecast
Total (Avg no during year)Rigs for 2013 = 95
Capacity Utilisation = 75%
ARPOR (monthly) = £118,000 ($188,000)
Gross Revenue = £100.9 million
NPAT Margin = 11%
NPAT = £11.05 million
EPS = 8.21p
P/E = 3.78
[on a share price of 31p)
If Cap Util < 70%, ARPOR < by 20% and NPAT Margin < from 11% to 7.5% =
EPS = 4.34 and P/E 7.12 on a share price of 31p
Markets are treating CAPD very harshly|
Capital Drilling share price data is direct from the London Stock Exchange