Capital Share Discussion Threads

[bones30] 14/12/2012 11:52

Some rather large orders on the bid at 19p should help provide a floor at current level?

Buyer in the market?

[knigel] 14/12/2012 08:57

Yes, I have a target price in mind were I will sell half and keep half but might hang on if reached (s/b back to 25p today and 40p in a month imo)

[knigel] 14/12/2012 08:56

Yes, I have a target price in mind were I will sell half and keep half but might hang on if reached (s/b back to 25p today and 40p in a month imo)

[burnage] 14/12/2012 08:54

Nigel,

No worries, I'm a buyer here for sure.

With or without CEY, this is way over sold.

[thorpematt] 14/12/2012 08:45

It's never that easy to follow with acuracy the events in Egypt.

The translation issues don't help and the political situation provides difficulties since different comentators tend to put their spin on events.

Additionally a governement minister's statement is presently not being seen as a 100% cast guarantee of future events.

So CEY is a difficult one to play BUT the way I see it Egypt needs too keep things running (in its own interest) and so does CEY. So long and short is I don't see the mine at Sukari being out for long and I don't see it affecting the full year revenue that significantly for CAPD.

Main thing for me with CAPD is that whilst it has been throwing off about $10m in cash profit it has been using about $15m cash in expansion. I think that if revenue rises then added gearing is fine but if it shrinks then the questions get raised (which is why the share price is on the floor).

Again I see that as short-sighted but the market doesn't like those type of questions.

[knigel] 14/12/2012 08:41

Burnage, CAPD waiting for another update from CEY - then another re-rate will happen so still time to get in imo

[burnage] 14/12/2012 08:39

David,

agreed - market for small caps atm is very irrational with plenty of bargains out there.

CAPD should not have fallen this low and should not be so correlated to CEY's woe's given that CAPD is far more diversified with it's revenue stream.

That sort of %age revenue should not have knocked the share price this much from the circa 60-80p we were just a few weeks ago.

In consideration, we should probably be at circa 35-40p in light of recent CEY news.

As I said, irrational markets.

[snatander] 14/12/2012 08:37

it doesnt say drilling resumed

[david_99] 14/12/2012 08:26

CAPD would clearly be the main benificery here on todays news - probably more so that CEY itself.

We're down from 60p due to the CEY shannanigans, even tho, as mentioned by a sensible poster yesterday that the Egypt constituent only really accounts for ~25% (ish) of CAPD's revs, so the fall is completly out of kilter.

SP is being offered at a huge discount.

[thelongandtheshortandthetall] 14/12/2012 08:24

great stuff

[knigel] 14/12/2012 07:59

Yes good news, while everyone piles into CEY I will add to CAPD...

[greenroom78] 14/12/2012 07:48

CEY have RNSed the fuel news


They now await news on exporting gold so they have sufficient working capital to start ops again. Certainly an improvement on yesterday.

[valhamos] 13/12/2012 22:00

Good news if the press report about the diesel dispute being resolved is true. But we still have the second issue of a gold shipment being held up by customs officials?

[valhamos] 13/12/2012 21:56

I've been wrong before on this share - the following springs to mind "Increased my holding here by 50% today. I may have got the timing wrong but these prices were getting crazy - hard not to resist." post 233 9 October - but the fall seems to be an over-reaction.

As pointed out above there are 23 rigs in Egypt but as well as Centamin this number includes the Shalaten project (AngloGold Ashanti). But assuming 20% of the CAPD total rigs are affected they could have the rigs idle in a worst case scenario, incur the depreciation yet lose 20% of gross profit and still make a small profit overall.

Yet the company is valued at only 40% net assets - so I bought more today.

[anne55] 13/12/2012 21:38

Centamin - Toronto closed a cent or two higher than before the news. Either they didn't see it or they don't believe it but only 5m shares traded today - so no impact.

[knigel] 13/12/2012 21:37

Perhaps a RNS will do?

[bones30] 13/12/2012 21:33

I dont trust the press. We'll see.

[knigel] 13/12/2012 21:09

Great news.. perhaps capd will be back over 20p in the morning!

[bones30] 13/12/2012 20:28

Dont trust the press but...

[knigel] 13/12/2012 16:26

Put my cey profits into here! Win-win imo but might take more time

[pre] 13/12/2012 16:05

...o/t....take a look at QPP...bags of potential upside...dyor etc...

[bones30] 13/12/2012 15:18

Can still buy for 17p. Bit of a falling knife this. Not without risk. DYOR.

[gleach23] 13/12/2012 15:13

good call bones30!

[bones30] 13/12/2012 15:05

I'm wondering if this one, being a SETSqx stock by the looks of it, will start to move after the 3pm auction currently in progress.

[gleach23] 13/12/2012 15:03

Don't think I remember seeing an ADVFN trade screen being so flooded with buys but the price hasnt budged in last couple of hours. Must be a lot of stock to soak up.

What were you basing your clearing overhang comments on Yasz?