||EPS - Basic
||Market Cap (m)
|Oil Equipment Services & Distribution
Cape PLC Share Discussion Threads
Showing 4926 to 4948 of 4950 messages
|So shareholders are expected to share the pain?
Have the board participated with reduced emoluments?|
|When oil services come back the start of that curve is the sweet spot for investors. Costs are low, including expansion costs, and margins start to broaden out. It is only further in to the cycle that costs start to catch up as skilled labour diminishes. This could be a brutal cycle for that as boomers have probably left permanently. Of course if it goes up too far too fast then I'll have to trade out, but that will clearly be wave 1 and wave 3 will be the big one.|
|indeed hpcg, am enjoying the ride and given earnings potential / forecasts am hoping to see £3-4 before I look to off load. GlA
|I would say this is an archetype for a share where the market takes time to assimilate new information. In addition because of the fall there will be a ready supply of shares for people who wish to get out flat. Whilst I expect this rate of appreciation to slow there is still a big valuation gap to work through. A marvellously quiet message board, not just since results and the settlement, but well before then, suggests plenty of scope for people to "discover" the anomaly.|
|I agree and am in for the ride. it talks of a "strong 2017" and with net debt reducing, yield should start rising IMO and equity will start moving...GLA|
|Two year view, if there is a recovery in oil services, is 100%. I would say 50% should arise gradually in short order. Cyclical stocks should have high PEs at bottom of the cycle and low PEs at the top. This has a low PE at the bottom.|
|It was priced for something approaching a worst case eventuality. One of the benefits of its constraints is that it has had to be effective and efficient. So the performance of its operations has not been reflected in the share price.|
|Perhaps we should ask the board to cut the dividend more often.........
|From Malcy this morning -
Cape produced an excellent set of figures marred only by the cut in the divvi, normally one would blame longer term concerns over cover or even cash flow but here neither can be blamed. It is surely one of the rare occasions when a board cuts from a position of strength, or as the Chairman put it to me, we think we can do better with the money than shareholders can…. Very happy with record order book, great performance in Asia Pacific and tidying up litigation, less happy with the UK, which should improve when BP sign up again and their comment that margins would likely have peaked last year. Still a huge fan of Joe Oatley and team who will look after your money better than most and indeed think somewhat better than you can.
Link -> hTTp://www.malcysblog.com/2017/03/oil-price-amerisur-sundry-delayed-comment-sound-vog-premier-blvn-faroe-cape-savannah-pantheon-president-finally/|
|Long this a.m.
Breakout looks promising.....
Target 260 on chart?|
|Nice to see my Cape getting a big upgrade today, I have stuck with these and they will do me proud soon I think.|
|Bearing in mind their end markets I thought the results were excellent. Much of the downside was baked into the price, indeed probably some discounting for worse scenarios. 3.5% yield at 200p perfectly attractive to income seekers too.|
IC upgrade to Buy.
link on.....legalsettlementandordersbreedcape'soptimism if you google|
|Results read well IMHO. Record order book with confident outlook for 2017 and litigation issues increasingly in the rear view mirror. All for a PE of 6 ...
Here's what Canaccord had to say -
Canaccord upgrades Cape to 'buy'
By Michele Maatouk
Date: Wednesday 15 Mar 2017
LONDON (ShareCast) - (ShareCast News) - Canaccord Genuity has upgraded Cape to 'buy' from 'speculative buy' and bumped up the price target to 250p from 230p given the reduction in the litigation risk and following the company's full-year 2016 results on Wednesday.
The brokerage said the numbers were better than both its and consensus expectations, with FY earnings before interest, taxes and amortisation of £55.4m, some 4% ahead.
In addition, it noted cash flow has been robust, with a substantial 2H working capital inflow and a lower-than-expected capital spend. The outlook into 2017 is also robust, with a significant increase in the order book and an anticipated improvement in trading in the UK.
Canaccord said the fly in the ointment is the decision to address the long-standing over-distribution by Cape. It pointed out the halving of the dividend to 7p per share and said it expects it to stay at that level at least for the next two years.
"The principal reason is the outflow associated with the settlement of the PL litigation announced earlier this week, but we believe the reduction also reflects a desire to continue to grow the business in attractive and robust end markets."
Earlier this week, Cape shares rallied after it reached agreement to settle the insurer product-liability claims, allowing the matter to be resolved outside the court process.
The settlement agreement provided that an upfront payment of £18m, inclusive of substantial legal costs, would be paid to the insurer litigants immediately, with a deferred payment of up to £34.5m payable to the insurer litigants in the period 2018-2023.
Link -> hTTp://sharecast.com/news/canaccord-upgrades-cape-to-buy/25678218.html|
|Yep - hold onto your hats folks!|
|settlement announced today....results weds|
|Anyone got any idea why the uptick today? I can't find any news relating to Cape?
|great contract news - this is a company on top of its game.|
king kong dong
|Possibly -but the main thing likely to drag it down is the legal situation.Without resolution that will act as a bit of a dampener. Otherwise it looks in fine shape.|
|Can this do a FENR and climb 100p from here|
|Henderson Group plc > 5%|
|Canaccord Genuity Speculative Buy 179.00 220.00 230.00 Retains
Numis Buy 174.50 270.00 270.00 Reiterates|
|Malc's has a Positive posting today after the news.........
The Oil Man: Oil price -By Malcolm Graham-Wood | 5th January 2017 - 12:20
Cape (CIU) clearly put the burners on at the end of November, I have just re-read the trading statement of 18 November in which trading was described as being "slightly ahead of expectations". According to today's update trading is now expected to be "materially ahead of expectations" due to "Additional work scope awarded at the Chevron-operated Wheatstone natural gas project" and to be fair a strong performance in Asia-Pacific.
The company has also felt able to say that: "This improvement in performance is supported by strong cash generation with a consequent positive impact on net debt". Only the good lord knows what might have happened by the time of the results which are coming out during the Cheltenham Festival.
Cape remains one of my top picks, like most followers I was rather put off by the announcement about the insurer PL industrial disease claims situation, which appeared to worsen last year and the company had to admit that the worst case scenario might threaten the divi - there is nothing in today's release about this.
If one can put that to one side it is clear that the excellent management team continues to deliver and then some and in what has been a difficult environment has come through with flying colours.|