Capital Share Discussion Threads

[sundance 13] 15/4/2021 07:40

Reckon the 2022 Forecasts could end up being closer to the mark than 2021, that would put them on a PE of just 7 & PEG of 0.5!

[honestmarty] 15/4/2021 07:25

Wonderful set of results.

Clear value here must finally be reflected in the share price.

[rivaldo] 15/4/2021 07:25

Terrific stuff - just what was needed.

The mood of the narrative is ultra-confident, as per the quotes outlined in post 940 above. I would add this one too:

"Looking ahead and having been awarded a number of new contracts with both new and existing customers in West Africa, our rig utilisation is expected to remain strong."

Good also to hear that the Sukari expansion is going well and actually marginally ahead of expectations.

Can't ask for more at this stage.

[thepopeofchillitown] 15/4/2021 07:21

I thought the same re the guidance but that range is still significantly higher than 2020. Basically they're saying on course to smash last year's performance. If we dont see the price move from here someone is dabbling in the dark arts.

[shanklin] 15/4/2021 07:19

$185m - $195m looks very conservative given $44m revenue in Q1.

[sundance 13] 15/4/2021 07:17

I'm expecting a positive response as language is so bullish, & commodity prices have if anything improved, however the full year revenue guidance is still in the broker consensus range - for now. Given the growth vs. last qtr I can't see them not beating that though providing commodity prices remain firm. Will likely need another quarter though before they raise guidance.

[sundance 13] 15/4/2021 07:08

-- Q1 delivered the highest quarterly revenues since the company's inception, with revenue growth delivered across all business units;-- Expanded budgets within the exploration drilling market, creating significant tailwinds for the exploration fleet which contributed strongly to overall rig utilisation;-- Capital Limited is currently experiencing the strongest demand environment for drilling services in a decade

[hastings] 15/4/2021 07:05

Stonking update this morning, perhaps the share price will now experience a tail wind and elevate it northwards!

[rivaldo] 14/4/2021 22:46

Another 3.8m shares all traded at 64p reported late today.

The Q1 trading update is due in the next few days. At least that will take the focus away from all this bewildering share trading and volumes.

[miti 1000] 14/4/2021 13:18

Added another 50k here.

[gleach23] 14/4/2021 11:52

Q1 Trading Update due any day now. Whilst it's been a frustrating hold, it's easier to wait when volumes are at least demonstrating decent churn (another 4m reported after the close yesterday).

Furthermore, while the market quote remains unmoved so far today @ 63-64 it's good to see the underlying Bid making steady progress. One can now sell decent quantity @ 63.68 which is well inside the spread. Meanwhile there appears to me to be just over 75k available to buy online at the full 64 and this quantity has been falling in recent days.

[thepopeofchillitown] 14/4/2021 10:16

More from their twitter feed.S&P Global Market Intelligence reports 364 distinct mining projects drilled in March 21, down 5% on Feb but up 139% on March 20 & 26% on Jan 20, the pre-COVID peak. Gold drilling is continuing strongly in 21, 250 gold projects drilled against 47 copper & 21 silver projects #CAPD https://t.co/XLbfCiTMhH

[rivaldo] 14/4/2021 07:24

From the Times this morning:



"Credit Suisse......predicted a “multi-year upcycle” for mining equipment suppliers given the new copper and gold projects due to start next year".

[rivaldo] 13/4/2021 12:18

:o))

Another 611,000 shares traded already today, and buyers paying nearly the full 64p offer price for a change.

Hope springs eternal....

[likitorma] 13/4/2021 08:59

Rivaldo was busy with his eye tests yesterday.

[deanowls] 13/4/2021 08:58

I reckon it’s just rivaldo continuously selling to himself. The company has been bought and sold six times this year.

[sphere25] 13/4/2021 08:25

A little stream of buys coming in here this morning.

There were further delayed prints yesterday to take the overall volume from 5.6m (when posted) to a significant 14.7m.

All imo
DYOR

[deanowls] 12/4/2021 15:49

This share has turned that many corners it’s on a permanent roundabout.

[rivaldo] 12/4/2021 15:20

Yep, 5.7m shares traded so far today. This share is a real conundrum. Perhaps this is the turning point....:o))

Incidentally, CAPD's holding in Algold Resources is now shares in Aya Gold of Canada, which acquired Algold a month or so ago. I've amended the thread header post, but haven't yet worked out what CAPD received in return. However, the Aya share price has done extremely well, having quadrupled in the last year and risen nicely in the last month:

[sphere25] 12/4/2021 14:56

Some decent chunks going through here:
2m @63p
2.25m @63p

Volume currently a notable 5.6m

This share makes me want to flush my head down the toilet.

Can we get some more whoppers to finally getting going here?

All imo
DYOR

[masurenguy] 12/4/2021 09:23

Can you also call into see the Clairvoyant on your way back home to checkout whether this Ground Hog Day syndrome at CAPD will ever change !
🥱

[rivaldo] 12/4/2021 09:11

Yep, off to the opticians later.....

[likitorma] 12/4/2021 09:01

Back to red, Rivaldo.

[rivaldo] 12/4/2021 08:27

Blue :o))

I must be having problems with my vision.

[hpcg] 10/4/2021 12:42

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.