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
-1.00 -1.43% 69.00 16:35:06
Open Price Low Price High Price Close Price Previous Close
70.00 69.50 70.00 69.00 70.00
more quote information »
Industry Sector

Top Investor Posts

thepopeofchillitown: Profit taking at circa 10%? Why would you bother? They need locking up if people are doing that. I was just about to post that the rise was rather underwhelming. I would not be surprised at all if we were back at 60p in a couple of weeks. I never held a share that behaved like this. It must be putting investors off.
troc1958: Very surprised at the muted market response to such an impressive update. Still time for investors to get in, or top up at a relatively low price. I assume price is being depressed by profit taking from investors who participated in the earlier fundraising at 58p. I'm happy to continue holding. Troc
hpcg: My personal opinion here, but I think we have to work through a lot of the "institutional money" from the fund raise. I don't really mind that, the best thing that could happen to the stock is continuous liquidity and a move to SETS. We have a much higher market cap than some companies that way and it is simply much more attractive for investors of all kinds. At least the spread is reasonable. Volumes have been pretty decent this past month and an addition to the broker coverage list will really help. Support for gold at 1680 has held for a year now. Gold miners are in a very good place in this range, generating a lot of free cash. Meanwhile the over allocation of the post pandemic rise has near enough corrected reducing downside pressure and setting up for the next upturn, which presumably is what Stifel allude to in the title of their note.
shanklin: LG You'll need to register at IMC. Its all free to access and a recording will typically be made available in a day or two's time. Tamzin/PIWorld is excellent, but the repositary of all past interviews organised by company at IMC is very helpful.
shanklin: CAPD don't support RSG in Ghana, as per
hpcg: I've been buying more, yesterday and today. In some respects the money say here has been idle, in others it has become a substantially lower proportion of my portfolio that easily justifies increasing. So I've now flipped from wanting the share price to rocket to wanting it to hold off to the new ISA season. With results on Thursday, no news there, but there should be some sort of a trading update and prognosis I don't expect that to happen. In terms of money flow travel and leisure now look fully valued, stay-at-home tech is coming off, oil has also rebounded substantially, I would expect many investors would like to redirect substantial profits to pockets that are more obviously left behind.
someuwin: You can see the full company presentation (From December 2020) here...
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: 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.
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