Capital Investors - CAPD

Capital Investors - CAPD

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Capital Limited CAPD London Ordinary Share BMG022411000 COMM SHS USD0.0001 (DI)
  Price Change Price Change % Stock Price Last Trade
-0.50 -0.78% 64.00 16:35:21
Open Price Low Price High Price Close Price Previous Close
64.50 63.00 65.00 64.00 64.50
more quote information »
Industry Sector

Top Investor Posts

hpcg: Just on the trading psychology element. Some potential investors and some current investors are currently paralysed about buying in or adding. The cause is "the big seller", and whether "the big seller" will unleash a wall of stock causing new positions to go under water. The chart shows that even "the big seller" has a limit, which caps losses in the 10-15% area at existing purchase prices. It also shows a clear higher low. The next wall of worry that some new buyers will face is the reverse; they'll be paralysed because the price is going up and they have missed the opportunity. Because of this some people will pull the trigger well north of 70p, 80p or even after new highs are made. On the other side of the trade for new buyers are the sellers. Some of those are also afraid of "the big seller" coming back. Some are very happy with their quick 10%. Some are underwater and are overjoyed to either cut losses or close flat. Everyone of these is blinded to both the realistic valuation, even though in the buyers case it is why they are interested in the first place, and the fact it is the liquidity provided by "the big seller" that has created the discount. I'm not casting aspersions; I've suffered from every single of those thoughts and behaviours and I suspect very few shake them of entirely. Anyway, this is all a long winded way of saying that I too have been adding today, and will continue to add to leveraged positions on the way up.
rivaldo: Cheers mfhmfh - here's a direct link to the new update on Master Investor: Https:// Good to see buying now at the full 63p offer or just under it. OT : Sphere25, not sure about the "mighty" bit :o))
deanowls: If Tamesis maybe looked at who was selling and matched them up with some investors we wouldn’t be so lowly rated.
rivaldo: A brief overnight update from Mark Watson-Williams on Master Investor FYI: "Capital Ltd (LON:CAPD) – directors buying more shares Ahead of this mining services group’s trading update, due soon, I was pleased to see that boss Jamie Boyton, and fellow directors, showed faith in the group by taking up a total of 1.6m new shares at 58p in the recent £30m placing. The group’s shares, which were 63p before the early December issue, rested at around 60p while the funds were collected in, then jumped up to 68p last Thursday. Hold firm, I stick to my price objective. (Profile 22.10.19 @ 61p set a Target Price of 100p) (Profile 77.5p @ set a Target Price of 100p)"
rivaldo: Mark Watson-Williams on Master Investor updated a few days ago, with a 100p target price: "Capital (LON:CAPD) – time to get back into this mining services group Today I am suggesting that investors who like to play the mining sector should have a good look at Capital. It is now very much a growing mining services group having evolved from its base of supplying and operating drilling rigs, particularly in Africa. This week the group has just announced a mega $60m-a-year contract, set for the next four years. It is with Centamin and covers an earth-moving contract as part of its client’s open pit revamp at their Sukari Mine in Egypt, one of the largest gold mines in Africa. This is the second load and haul contract for the group and is a significant deal for Capital which could well presage other such contract wins in due course. But to help finance the group’s development balance sheet it is looking to raise £22m by way of a placing of 38.5m new shares at 58p each. The new contract, described as transformative, starts next month and cements further the good working relationship that it already had with Centamin. Capital is currently active in several earthmoving tender processes with new and existing customers as it continues to evolve into a full-service mining contractor. Brokers Peel Hunt rate the shares as a ‘buy’ with a price objective of 90p. Their analyst estimates that the current year to the end of this month will see revenues rise from $115m to $136m, with adjusted pre-tax profits almost doubling to $27.8m, worth 9c per share in earnings. For the next two years the brokers go for sales of $165m then $175m for 2021 and 2022 respectively, with profits of $19m then $21m and earnings of 9.7c then 10.8c per share. Obviously, the shares, now 63.5p, could well slip back to around the placing price level, which gives investors a very good opportunity to jump aboard before others realise just how the group is expanding." (Profile 03.08.20 @ 77.5p set a Target Price of 100p)"
dangersimpson2: It would seem strange if it was placing related - surely no-one buys £100k+ worth of a small cap stock in a placing at 58p and then flips them at sub-60p? If the placing was at a big discount it could understand it but not for a 2-3% gain. We know from both the increase in the size of the placing and the fact that some investors were scaled back very significantly in their allocation, that people are unlikely to have received an overallocation and hence want to sell down immediately. I guess it could be an investor who wanted 1m shares, say, and only got allocated 200k - might they decide it is not worth the bother for the smaller size and sell down? Maybe, but if they wanted large size anyway it will because they see significant long-term value, so why sell out now? Logically it seems then, that this is just the usual seller(s). Why on earth they didn't get Tamesis or Berenberg to place them for them at 58p when we know there was great demand at that level is a mystery. The good news is that the overhang will clear at some point. And in the meantime investors who didn't get access to the placing, or the size they wanted in the placing, have a good opportunity to retain their percentage of the enlarged shareholder capital at a level that is only just above the recent oversubscribed placing.
shanklin: No surprise that institutions being given free money were keen on the placing. Given CB's malign influence on the SP, the placing price is farcical. You would have thought CAPD could have made this available to private investors. Despite all this mismanagement of the share price by CAPD, through not buying out CB when they had the cash to do so, the share price should move up from here.... ...once all the chancers who took part in the placing have sold out for a quick buck.
shanklin: The brokers certainly don't seem to be go getters
hpcg: The takeover announcements of RSA and Urban and Civic show just how out of touch investors focused on the London market are in my opinion. Sure this deserves a risk premium for size and geography but investors get paid for taking on risk and the time to take risk is as end markets start to boom.
hpcg: Insideryou - price is doing what it normally does after a step up, retrace and retest, and move up more gradually. The big step ups, unless there is earnings data, are FOMO. In many ways this is a step too far for the plurality of investors. They are still just noticing the price of gold. They haven't cottoned on to miners profitability, though they also face operational issues and costs at this time. It is yet another step in thinking to consider the reaction of miners, explorers and exploration finances and what that means to picks and shovels providers. The company itself has said that momentum in the business will start to show in Q4. Then there is the other worry for investors, is this just a spike in gold? It will require gold to hold on to some of its gains for miners and then investors to become confident that expansion is justified and will happen. With oil where it is now is a great time to push in to lower grade areas of a resource. It is also worth while for the more forward thinking miners to try to lock in rates on drill rigs going forward. Capital itself needs to balance a firm backlog with potential higher prices in the future. One other thing. Yesterday I bought some more in another account and it is a difficult share to find if one does not know the ticker. There are a multitude of financial instruments with Capital in the name. It was a lot easier when it was Capital Drilling.
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