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CAPD Capital Limited

103.00
5.50 (5.64%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Capital Limited LSE:CAPD London Ordinary Share BMG022411000 COMM SHS USD0.0001 (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  5.50 5.64% 103.00 108,785 16:35:14
Bid Price Offer Price High Price Low Price Open Price
101.50 103.00 102.50 98.00 98.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs USD 318.42M USD 36.74M USD 0.1897 5.40 198.54M
Last Trade Time Trade Type Trade Size Trade Price Currency
17:13:54 O 308 103.00 GBX

Capital (CAPD) Latest News

Capital (CAPD) Discussions and Chat

Capital Forums and Chat

Date Time Title Posts
24/4/202417:10CAPITAL DRILLING : global minerals industry services provider3,129
21/5/202009:16Capital Drilling -For Mineral & Mining Exploration1,593
14/11/201308:29*** Capital Drilling ***40

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Capital (CAPD) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:13:54103.00308317.24O
15:35:14103.004,3134,442.39UT
15:18:29102.225,0005,111.00O
15:17:27101.0225,00025,253.80O
15:07:29102.2922.05O

Capital (CAPD) Top Chat Posts

Top Posts
Posted at 24/4/2024 09:20 by Capital Daily Update
Capital Limited is listed in the Oil And Gas Field Expl Svcs sector of the London Stock Exchange with ticker CAPD. The last closing price for Capital was 97.50p.
Capital currently has 193,696,920 shares in issue. The market capitalisation of Capital is £198,539,343.
Capital has a price to earnings ratio (PE ratio) of 5.40.
This morning CAPD shares opened at 98p
Posted at 24/4/2024 17:08 by adamb1978
Strong gold price (and undervalued company). Strong gold price should mean CAPD's customers are more flush with cash, making them able to finance more activity and presumably the price now makes some projects which otherwise wouldnt have been with a lower price.

Really hoping there is some consolidation in the sector and CAPD's investee companies get taken out....
Posted at 27/3/2024 06:50 by rivaldo
Mea culpa time....I've been further researching CAPD's holding in Awale. Although at one point it appears that CAPD's holding actually increased further to 13.33m shares from the 8.33m I previously noted, in 2021 there was an 8 for 1 share consolidation. So, assuming CAPD even still own their shares in Awale, the holding is likely now worth less than £1m.

I am however sure about CAPD's investment in WIA Gold, which keeps rising and is worth almost £8m.
Posted at 25/3/2024 16:53 by otemple3
Awale flying today, up another 88% on my watchlistWish we had a larger holding / CAPD share price could have a day like that.....
Posted at 15/3/2024 10:41 by gb904150
People don't like the gold portfolio because it's not really valued in the CAPD share price.

But part of the reason is because we've been in a miners bear market for several years, especially gold miners. Look at the GDXJ chart!

Right now PM's are breaking out and people are taking an interest in gold miners again.

At some point the value in that gold portfolio will be realised - first via higher valuations and eventually via exits on those positions.

That should lead to some special divis or buybacks because they absolutely can't justify ploughing more money into capex than they already are.

I think CAPD will just get taken private within the next year anyway...but I hope we get to realise some of the portfolio investments and return value to SH's first.

The good insider ownership - Jamie Boyton 10% / Brian Rudd 6% should help ensure it only gets sold if a decent offer is made.

In the meantime.....small divis mean you're paid to wait.
Posted at 15/3/2024 09:33 by hpcg
AdamB - I actually disagree on the portfolio - share price movement. I think it correlates reasonably well. I'm kicking myself for not selling at least some in Jan 23 when I had calculated the portfolio value pretty well and though to myself that it would disappoint the market. So it isn't a huge surprise to me that the share price and buying activity has strengthened as portfolio has bottomed and recovered.
Posted at 15/3/2024 07:26 by rivaldo
Indeed, and as well as PDI I'm sure CAPD increased their investment in WIA Gold during last year (I don't have the details to hand immediately).

As it happens, WIA Gold's share price was up another 10% overnight to 0.075 and to more new highs. So the value of CAPD's investment in WIA has almost doubled since the year end and is now worth over £7m.
Posted at 14/3/2024 22:41 by adamb1978
To me the market factors in zero value from the portfolio - when its goes up in a given period there doesnt seem to be any market reaction, when it goes down in value the share price goes down.

I'd love to know what they've frittered $9m away on in 2023 which, counting interest costs, has probably cost them nearer to $10m now.

Share price here would be considerably higher with more conventional governance structures and better, well-communicated capital allocation decisions IMO. There's considerable upside here if management could sort their act out, but there doesnt ever seem to be suggestions that that will happen
Posted at 07/3/2024 15:15 by rivaldo
Apiarist, I've regularly updated the shareholdings in the header post since I set up the thread, and others have contributed details too, so (without guarantees!) most of the shareholdings should be pretty accurate. Obviously the value of those holdings shifts up and down considerably over time.

The exception is Allied Gold, as post-IPO there doesn't appear to be any public record of CAPD's holding. I'd guess this alone is still worth anywhere from $7m-$10m at Allied's share price today (which is currently bouncing, presumably on the back of the gold price as well as recent results and presentations).
Posted at 05/3/2024 07:39 by rivaldo
The gold price has surged above $2,115 this morning.

And two of CAPD's larger investee companies saw good overnight price rises:

- PDI rose 7% to A$0.23 and are near all-time highs (CAPD's holding is worth £23.5m)
- WIA Gold rose 24% to A$0.063 (CAPD's holding is worth £6m)

Absolutely QS99, higher sector revenues/gold prices together with the rosy long-term prospects for gold pricing will surely help in terms of financing potential for both new projects and decisions as to whether to expand existing projects. Thus more and more work for CAPD.
Posted at 13/6/2023 09:06 by hpcg
allstar - they are not in control of the timing for the Allied IPO. They are in control of how they sell it down. They should absolutely not be telling the market what they intend to do, just as none of us here would. IMO people speculating about what others think of portfolio is just finding reasons for observed behaviour and not from the horses mouth. I think there was one fund that did object, or complain it was too complicated so they sold out. The turnover of stock must leave it in the hands of investors who are happy about it. Anyone can do a sum of parts and rank the portfolio at zero if they wish.

In my opinion a lot of investors or potential investors are driven by the price of gold. Overlay a chart of the price of gold in dollars and one can see that rallies to highs in 2022 and at the start of this year follow rallies in gold. Gold is consolidating, CAPD share price is consolidating. I actually think there are investors who think we are a gold miner. This in turn because oil companies are routinely called oil drillers despite them having handed the task of drilling off to service companies decades ago (some oil cos do again own drill rigs, mainly onshore and or in unique environments).

One of the benefits of the Fortescue deal is that it will become apparent that we provide services across metals. If investors did their own due diligence they would see that neither the top nor bottom line of CAPD is correlated with the price of gold.
Capital share price data is direct from the London Stock Exchange

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