Cape PLC Share Discussion Threads

[deadly] 12/5/2015 08:33

Also goes XD next week for 9.5p so I bought back more for 245p at the open.

[cockneyrebel] 12/5/2015 08:33

If the mkt off 1% nearly today hasn't helped imo, nor the illiquidity this stock has at times imo.

CR

[salpara111] 12/5/2015 08:23

Well it does seem to be bouncing back strongly so probably just an over reaction by a few market makers.
The fact that they trade on such an undemanding p/e and offer such a strong yield makes it an attractive hold.

[cockneyrebel] 12/5/2015 08:22

"Post quarter end, Cape has announced significant maintenance contract awards in the UK with ExxonMobil and BP which have materially increased the Group order book."

CR

[cockneyrebel] 12/5/2015 08:17

Opened right on a support line - suspct that's another low nailed in on a nice up trend forming. Won't be surprise to see these back up before too long after brokers give a sense of sanity in their notes imo.


free stock charts from uk.advfn.com


All imo/dyor etc

CR

[skinny] 12/5/2015 08:09

I've bought back in this morning for the first time in a while.

[cockneyrebel] 12/5/2015 08:08

A 6% yield and a PE of 9 at the open and they are confident of meeting expectations for the year despite a quiet Q1 - which was expected.

Material order increases going forward from BP etc.

All imo/dyor etc

CR

[d4v1db] 12/5/2015 08:06

Topped up this morning too.

[salpara111] 12/5/2015 08:06

An "in line" statement and we are almost at the top of the losers board!
I guess there is quite a degree of uncertainty going forward but they have won a considerable amount of new business recently.
Not sure what to do as I am just above b/e.

[cockneyrebel] 12/5/2015 08:05

Well I've just had more - that's a nonsense open for a stock on this rating imo - read the statement:

" As previously mentioned, the current market volatility continues to give uncertainty to the outcome of the second half of the year; however, given the performance of the business in the first quarter of 2015 and the opportunities we see ahead of us, the Board remains confident that, overall, the business remains on track to deliver in line with expectations for the year ending 31 December 2015"

Very illiquid - only takes a nutter or two to sell at the open to hit the price imo.

All imo

CR

[anony mous] 12/5/2015 08:01

mitiBut some people just love bigging it up.

[miti 1000] 12/5/2015 08:01

As I was saying !!!!!!!!!!!

[miti 1000] 12/5/2015 07:35

Its inline at best...nothing to get excited about at all.

[cockneyrebel] 12/5/2015 07:19

Well I bet there was a lot of investors thinking CIU were finding it tougher than this and might miss forecasts and warn.

A pretty decent statement imo, especially in view of the sector's tough recent past imo.

PE of 10 falling to 9 next year on forecasts.

5%+ yield

Who says it's hard to find value in this market? :-)

All imo/dyor etc

CR

[cockneyrebel] 11/5/2015 09:02

More maintenance of existing rigs rather than new rigs going forward?

Would be positive for CIU imo

All imo/dyor etc

CR

[cockneyrebel] 05/5/2015 14:43

Oil price gushing above $68 today.

CR

[cockneyrebel] 05/5/2015 08:34

Making 6 month highs this am

CR

[cockneyrebel] 01/5/2015 19:07

FT:

The pace at which energy companies idled oil rigs slowed a bit this week, data showed on Friday, raising questions again on whether the slowdown in drilling activity could be bottoming out. .

The number of active rigs drilling for oil in the US fell by 24 to 679 in the week to May 1, according to oilfield services company Baker Hughes. It was the 21th consecutive weekly drop.

The pace of declines fell from the previous week, when 31 rigs were taken offline and is much lower than the January peak when 94 rigs were idled.

Oil producers took 21 horizontal rigs offline, bringing the total to 699.

Oil had its best month since 2009 in April. A spate of encouraging data - including falling oil rigs and weaker than expected increase in US crude stockpile helped push prices for West Texas Intermediate, the US oil benchmark, nearly 26 per cent higher last month. Brent crude, its international counterpart, ended the month 21 per cent higher.

Ahead of the release, WTI was 1.7 per cent lower at $58.63 a barrel, while Brent crude, the global oil standard, was down 1.5 per cent at $65.77 a barrel.

[salpara111] 01/5/2015 12:07

Market sentiment is very much against the sector at present.
I bought in recently at 242 and am happy to hold as they are clearly rebuilding the business.
I am looking for at least 300p in the near future.

[martinc] 01/5/2015 08:05

Surprised to see no move on a fairly large contract this morning. It must be worth a modest spreadbet in the expectation of a few percent I think.

[cockneyrebel] 28/4/2015 10:42

Firmed up nice today as soon as LAM put out that contract win.

All imo

CR

[cockneyrebel] 27/4/2015 13:26

Trading update May 12th.

CR

[meijiman] 23/4/2015 13:52

Maybe Cape might be sold. Joe Oatley's previous ceo role was at a company which got bid for and sold to Kemira. He got plenty of plaudits for the high price achieved.

[salpara111] 23/4/2015 12:30

As a recent buyer at 242 I am pretty happy.
I see no reason why this cannot gradually climb back to the 300p level.
I only bought Pace 4 weeks ago and sold this morning on the back of the takeover so I am a happy camper today!