We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Capital Limited | LSE:CAPD | London | Ordinary Share | BMG022411000 | COMM SHS USD0.0001 (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-2.50 | -2.49% | 98.00 | 98.20 | 99.80 | 100.50 | 98.20 | 100.50 | 79,453 | 16:35:07 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Oil And Gas Field Expl Svcs | 318.42M | 36.74M | 0.1897 | 5.27 | 193.7M |
Date | Subject | Author | Discuss |
---|---|---|---|
05/11/2012 12:50 | At CAPD share price of 31p market is discounting a huge slowdown in the resource exploration (& drilling) market. Did a quick (simplistic) financial review and 2013 forecast based on currently available figures. My 2013 Revenue Forecast Total (Avg no during year)Rigs for 2013 = 95 Capacity Utilisation = 75% ARPOR (monthly) = £118,000 ($188,000) Gross Revenue = £100.9 million NPAT Margin = 11% NPAT = £11.05 million EPS = 8.21p P/E = 3.78 [on a share price of 31p) Sensitivity Analysis: If Cap Util < 70%, ARPOR < by 20% and NPAT Margin < from 11% to 7.5% = EPS = 4.34 and P/E 7.12 on a share price of 31p Markets are treating CAPD very harshly | troc1958 | |
05/11/2012 12:07 | Yep, I know it was me that brought it up in the first place (sorry - just like to keep the thread up to date) BUT I don't think the CEY thing will have had on iota of effect on CAPD. Drilling has continued all the way through. If anything, the whole sorry episode will likely confirm that the future is very much with outside investment encouraged and supported. Thus CAPD and CEY ultimately benefit. | thorpematt | |
05/11/2012 11:18 | CEY share price recovering with strength. It's up another 20% again today also, following on from the sig. rise last Friday. | nilip | |
05/11/2012 08:29 | Hi - Just checked with the Coy - ARPOR figures are advised as monthly gross revenue not quarterly. Statements could be clearer. (imo) | pugugly | |
05/11/2012 08:24 | "However, the judgement states that sufficient evidence was not submitted to Court in order to demonstrate that the requisite approval from the relevant Minister had been obtained, and thus the court deemed that the process of the conversion to an exploitation lease was therefore invalid. Centamin, however, is in possession of the executed original lease documentation which clearly shows such approval from the Minister of Petroleum and Mineral Resources. It appears that this document was not listed in the documents supplied to the Court. As such the Company is confident that this matter can be resolved during the appeal process." Looks very promising to me although you can never be certain that this will finally resolve the issue until it has been submitted, and recognised, at the appeal hearing. | masurenguy | |
04/11/2012 14:38 | Apologies, I was looking at the 2011 figure (8.8p ish), Digital look have 7.5p for this year and similar for next. Still a forward P/E of a little over 4 with a discount to NTAV. Yes CEY could hit those, but how hard and for how long? I'd expect them to achieve some re-deployment even if they have to reduce their margins a bit. | greenroom78 | |
04/11/2012 14:31 | Masurenguy:> Sorry - Mistaken. While i agree that they look attractive I am trying to quantify what the bottom line reduction will be if the CEY contract is suspended as a result of "Force majeure" Greenroom78:> Not sure if I agree with your eps of 9 (I presume pence).. the latest Canaccord estimate for fy 2012 is 12 cents US ,at an exchange rate of $1.60this is equivalent to 7.5p, most of which should be in the bag BUT looking forward to 2013 where the eps estimate is 11 US Cents (6.8p) the estimate would be at risk if CEY goes pear shaped. Your guess as to what it would be is as good as mine - if my estimate (assuming no redeployment of some $12 million) in 316 above is anywhere in the ball park. | pugugly | |
04/11/2012 13:55 | PUGUGLY - 316: Masurenguy:. I seem to remember you ar an accountant by background? I would be grateful if you could advise I am making sense. You're confusing me with someone else - I've no accountancy background whatsoever and my only involvement in that context has been in reviewing year end accounts with FD's and external auditors. If you want an accountants perspective then I'm afraid that you'll need to seek it elsewhere ! I'm only a recent investor here - averaged in at circa 48p having first bought in just over 3 weeks ago. At that time I thought the business was at the lower end of its valuation metric and the subsequent Centamin scare has been overplayed in my view. Still waiting for some clarification on this issue and when that comes, subject to content, I might add further at these prices. | masurenguy | |
04/11/2012 12:51 | Pugugly - Thanks. But with a forecasted EPS of 9 this re-rating downwards surely allows for taking a hit, or are you thinking that they'll fail to make a profit? To me it looks like the CEY situation will drag out and all the time they will continue to operate as normal (IMO) so I think it'll give management plenty of time to build a plan B. Also we are trading well below NTAV, so I think that offers a bit of protection to the downside? I welcome this debate, if we can get an idea of what various scenarios do to the bottom line and the value of the business then all the better for everyone. | greenroom78 | |
04/11/2012 12:19 | Greenroom78:>: Depends very much (imo) on what %age of their fleet is contacted to CEY. If say it is in the region of 15%-25% then, given the weakening, as reported in the press of the exploration market for rigs in Africa and the cost of re-mobilization of rigs it could be substantial. Given ARPOR (revenue per rig) of $188K per quarter and say 20% of rigs i.e. 17 then there could be an annual revenue (atEBITDA level shortfall) (assuming no redeployment of some $12 million) However from the ims "Profits impacted by labour & production disruptions in Egypt along with a weaker than expected Q3 in Tanzania, which combined account for approximately 40% of total revenues. " I am assuming that by ARPOR ($) The Company means EBITDA revenue per rig and not gross revenue per rig - otherwise the figures do not (as Spock would have said) compute. eg: 88 rigs at ARPOR of $188K is $16,544,000 -V- declared quarterly revenue of $40.9 million. If so the impact on the bottom line WILL BE VERY SIGNIFICANT. Masurenguy:. I seem to remember you ar an accountant by background? I would be grateful if you could advise I am making sense. The ARPOR figure only seems to make sense on an EBITDA basis. | pugugly | |
04/11/2012 11:14 | Thanks. The worst case at CEY is more than priced in here surely? | greenroom78 | |
04/11/2012 09:51 | Gold miner's Egypt crisis Josef El-Raghy, chairman and largest shareholder with 6.5%, expects to receive a copy of the ruling this week, but said the administrative court had gone beyond its powers. "The licence can be repealed only by an act of parliament, and at the moment, there is no parliament," he said. "We are operating today and expect to continue to do so." | masurenguy | |
01/11/2012 11:05 | CEY posted this yesterday on their website giving Q&A's on the situation. Looks like they will continue as normal through any appeal (if it needs to go that far) and then if needed they would go outside of Egypt. Looks like political muscle flexing IMO. | greenroom78 | |
01/11/2012 11:02 | Agreed GP, looks way oversold and did before the recent update where IMO the Q3 weakness had already been priced in. Makes me think there is a forced seller. Surprised we haven't bounced back with CEY re-trading, especially given the market is price them as if there is a good chance a court will find in their favour (they'd be a lot lower if the market thought they were likely to lose IMO). | greenroom78 | |
01/11/2012 08:33 | Greenroom78 - I also bought a few yesterday at 32p for the same reasons. The double dose of bad news seems to have knocked the share price too far IMO - particularly as the second dose was vicarious; i.e. CEY news. FWIW, I get a fair value of at least 50p, which would still be a fairly depressed val'n IMO. Prospective P/E around 4.5, NTAV c.40p per share, big director's holdings. | gingerplant | |
01/11/2012 08:07 | CEY have relisted today. | greenroom78 | |
31/10/2012 14:52 | I've bought in today also. I watched it from 80p up to 100p and all the way down again. I thought it was hit too hard after the last statement and was waiting for a sign of the bottom, this CEY thing looks like added risk but you'd have to think most is priced in. I've bought on the basis that I think the CEY thing will blow over, CAPD price below NAV looks a good punt IMO. | greenroom78 | |
31/10/2012 14:30 | I've bought some more at 30.5 to tuck away in my SIPP for a long term bet. What with CAPD plunging and BG Group down 17% its an eventful couple of days on the market. GLA, AG | aston girl | |
31/10/2012 10:46 | Some big buys starting to appear now. | burnage | |
30/10/2012 15:06 | Capital Drilling Limited (CAPD: LN), the emerging and developing markets drilling company, notes the announcement made today by Centamin PLC and the resultant move in share price. Capital Drilling confirms operations continue as normal on the Sukari site and will inform the market of any relevant information. | ukinvestor220 | |
30/10/2012 11:52 | CEY is storm in tea-cup anyway. Suspension is formality but here looks an opportunity to me... | thorpematt | |
30/10/2012 11:41 | Glad I sold out now, this just gets worse. | lennonsalive | |
30/10/2012 10:15 | Anyone know if Centamin are one of their clients? - I seem to remember that Egypt was a major area of operation. If so then today's cout action ruling the Centamin concession null and void could hit CAPD very hard (imo) Edited. Confirmed fom the accounts "Centamin in Egypt for new underground drilling" but not possible to determine what %age of t/o the Centamin business represents. However it could be more rigs standing idle. | pugugly | |
30/10/2012 09:21 | Dropping on CEY this am | thorpematt |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions