Capital Share Discussion Threads

[deanowls] 18/5/2023 11:38

Any linkage to a playback?

[adamb1978] 18/5/2023 11:34

Similarly clear from his answer about Allied that they're going to hold the position once it IPOs rather than sell down and distribute the funds.

I think CAPD are good operators, but I don't think the investment portfolio adds anything to the share price and becoming just a toy for them (their operational business is becoming more slanted towards v large clients so there's less need to invest in their client base to win work)

[adamb1978] 18/5/2023 11:29

They dont seem to have any intention to do a buyback despite the share price being less than NAV. Really don't agree with that

[adamb1978] 18/5/2023 11:25

Hi hpcg

I'm on too and heard that large number of votes against. Typically a NED stays on for 9 years max and then should leave otherwise their independence can become difficult to maintain.

One of the other NEDs should become Chairman - JB being an Exec Chair isn't great from a governance perspective.

Adam

[hpcg] 18/5/2023 11:22

On the AGM. Who are these people voting against director appointments? Particularly the small number against Boyton? If I heard correctly there was actually quite a substantial number voting against Davidson. I guess as an NED he has been in place since 2010 and so I guess there is some doubt as to how independent he is. This would probably be a signal for the company to look for a replacement.

[rivaldo] 16/5/2023 11:14

CAPD have just tweeted this:



"Capital Limited
@_CapitalLimited

Excellent Maiden Mineral Resource Estimate (MRE) results for WIA Gold, part of our Capital Investments portfolio. Highlights: inferred MRE of 1.3m oz, 41mT at 1.0g/T Au with prelim met test results returning 91% gold recoveries under standard processes.
9:48 AM · May 16, 2023"

[phillis] 16/5/2023 10:51

Divis finally received at A J Bell

[rivaldo] 12/5/2023 08:21

This overnight announcement confirms the Allied Gold IPO is proceeding nicely - structured via an RTO, with $300m being raised and a closing date of June 15th, so not long to wait:

[podgyted] 11/5/2023 23:33

I think Capital needs to show it is willing to divest chunks of its investment portfolio when the opportunity arises. Cannot see any reason not to liquidate its Allied stake. Would please the market IMO. If they hang on, more questions will be asked.

[rivaldo] 11/5/2023 08:47

Good news overnight from Golden Rim's Kada project where CAPD are the contractors, with new targets identified and more drilling to come:



"Golden Rim’s Managing Director, Tim Strong, commented:

“Discovering gold at the Sadan prospect confirms our view that Kada still has a significant amount of gold ounces to uncover. We feel we have only scratched the surface when it comes to Kada, with 930,000 ounces at Massan across a 1km strike, and another very attractive target in Bereko, 9km to the north. We are now focussed on filling in the gaps across Kada’s 15km long bedrock gold corridor, and we are confident this will uncover further zones of mineralisation and underpin Resource growth.

“Recent RC results at Sounkou1 (17m @ 1.3 g/t) and now promising aircore results at Sadan and Massan South are proof that Kada is a substantial gold deposit, and we look forward to using these new results to drive targeted exploration forward.”

Kada Exploration Drilling

Golden Rim’s 3,000m AC drilling program targeting new discoveries is now complete, while its 3,500m DD program testing open mineralisation and providing structural information commenced in March 2023 is ongoing. In addition, Golden Rim recently completed a 10,000m RC drilling program at Kada which comprised exploration drilling at the Bereko Prospect and north of the MRE area within the Massan Prospect, as well as some resource extension and infill drilling around the margins of the MRE."

[phillis] 10/5/2023 09:33

AJ Bell don’t prefund divis
Last time I asked CAPD paid a $ cheque drawn on Barclays Jersey
It tales 5+ days to clear

[adamb1978] 10/5/2023 08:44

Dividend landed in my interactive investor account yesterday!

[gleach23] 09/5/2023 14:25

Phillis....nearly fell off my chair last week when I realised AJ Bell credited my account with the SOM dividend on the day it was due, so there is hope!

[chrisdgb] 09/5/2023 14:23

Geodrill Q1 out today, look good, bodes well.......

[rivaldo] 09/5/2023 13:56

New article today about the Allied Gold IPO, mainly in relation to its Desert Gold operation:

[phillis] 09/5/2023 12:27

woinder how long it will take for AJ Bell to convert the dollar cheque and post the divi

[hpcg] 08/5/2023 09:39

half debt reduction, half buy backs for me, unless there is another big mining contract to fund. In that sense I'm also happy if it all goes against debt. I too think the holding should be cashed in more or less at the first opportunity, though probably in the after market, depending on the gold temperature at the time.

[deanowls] 05/5/2023 14:40

Hi chill pill,

Those guys that write these know their stuff and are well worth listening to about where to look rather than just the headlines that companies give a nice positive spin.

Those that run the companies never start with, oh we’ve had a terrible year and we’ve let everyone down do they. They’ll spin as much as they need to.

[adamb1978] 05/5/2023 11:16

Thanks chillpill. I'm actually more aligned with that quote which you've posted. There really isn't any basis for them retaining that position and for a publicly-listed-Allied, there really isn't much upside or downside from having Capital in the shareholder base.

Has anyone else lobbed in questions on this matter and the share buy back for the AGM in a couple weeks?

[chillpill] 05/5/2023 10:54

Below is one viewpoint. It is probably written by some journalist who has never run a company before….easy to be an armchair critic.


I’m happy to run with JB’s view although it does probably make sense to take some money off the table.


“The language here is a little unfamiliar to UK investors, but if the pre-raise valuation is $1.2b, then that means the $18.6m for CAPD's stake, with maybe more to come if the stock ends up trading at a premium to NAV in the short term.

This could easily see a paper gain of at least $10m. But we’d really like them to crystalise some of that gain soon. With debt costing them 10%, the ability to buy back shares at an EV/EBITDA less than 3, or deploy capital to win more long-term contracts, they potentially have better use for the capital. There should be little worry that selling their stake would impact their contracts. That they were willing to support Allied financially in more difficult times, we suspect buys them a far stronger working relationship than holding around 1% of the listed company.”

[tonytyke2] 04/5/2023 17:02

Why oh why, the small after hours UT trade again.........

[johnrxx99] 03/5/2023 08:55

Thanks gleach23

[gleach23] 03/5/2023 08:22

The headline share price was artificially showing as up 5% last Friday due to a closing UT of 5 shares @ 99.8p when the spread was 94.6-99.6. Back down 5% yesterday as a result but no movement in reality - a bit like today so far!

[johnrxx99] 03/5/2023 08:07

Well ADVFN and Sharescope show it as 5%. Whatever.

[rivaldo] 03/5/2023 07:51

The opening range yesterday was 94.2p-99.6p, and the closing range was 94.6p-99.6p. I can't see where there was a markdown!

Hopefully today's news will see a mark up....