Capital Share Discussion Threads

[hpcg] 17/10/2024 07:55

I'm not hugely surprised about Belinga as iron ore is not in a great place right, and possibly never will be again. The Centamin contract was great, but as we recall Belinga was one in an extremely competitive auction. So I'm fine with this, though I suspect the drilling element will go the same way once that contract term expires. $15m was spent on additional equipment so some of that will come back and capital intensity overall will be much reduced. MSALABS is plain disappointing though.

Knock out figures on the drilling side, which is the core business. YoY a 24% increase in revenue from a flat rig count. Also very good, nay excellent, figures on the investments:

The total value of investments (listed and unlisted) was $30.9 million as at 30 September 2024, down from $47.8 million as at 30 June 2024;

Along with the proceeds from the disposal of our shareholding in Predictive Discovery, the portfolio recorded investment gains (realised and unrealised) of $15.0 million in Q3 2024.

[adamb1978] 17/10/2024 06:34

Shame they didnt have the foresight to include a Sept-24 net debt figure in the announcement. Granted not all companies would do this, and CAPD are one which do not, however given the significant proceeds from the Predictive sale it might well have helped the share price by communicating what should now be a materially lower net debt

[rivaldo] 17/10/2024 06:28

An excellent Q3, despite both early contract termination at Belinga and a slower ramp up at Nevada for MSALabs, means that CAPD only needs to achieve the same $93m revenues in Q4 as it did in Q3 to reach at least the minimum of the predicted revenue range for the year.

Which perhaps shows the resilience of the business. Both ARPOR and utilisation were terrific this quarter, and the new Perseus contract win in Tanzania has ramped up quickly.

Finally, "Capital Drilling anticipates revenue growth into the back of the year", so hopefully growth above Q3's $93.7m revenues will leave CAPD nicely around the middle of the predicted revenue range.

[deanowls] 15/10/2024 18:20

Will Capd benefit anymore with CEY being taken over?

[adamb1978] 15/10/2024 07:11

As above, it looks more like a bowl to me but not a chartist.

Main thing which I think is important in the Q3 results is any update on the deleveraging actions

[davebowler] 14/10/2024 08:34

Any Chartists out there -Cup and Handle forming?

[gleach23] 08/10/2024 15:54

Reports of H2 traction in the ramp up of the labs business with Nevada Gold Mines would be a tonic

[spooky] 08/10/2024 15:36

Well Q3 earnings shouldn't look great if full year earnings forecasts are any guide.

[gleach23] 08/10/2024 13:36

Good to finally see the break up from 82p area. Perhaps that earlier 94,950 trade cleared a small overhang? Q3 update should be next week.

[rivaldo] 07/10/2024 07:50

CAPD have just disclosed that their shareholding in Asara Resources has increased to 150m shares (from 138m).

This was primarily due to participation in Asara's placing earlier this year at A$0.009. Since then Asara's share price has doubled to A$0.019.

At the current 1.93 exchange rate CAPD's holding is worth almost exactly £1.5m.

So worth keeping an eye on now:

[adamb1978] 04/10/2024 12:48

Bowl shape starting to form if you look at a 6 month chart?

[phillis] 04/10/2024 11:08

Mine too
Something has changed
Pressure has worked?

[gleach23] 04/10/2024 10:30

AJ Bell dividend has landed Phillis - to be fair that's some improvement on the multiple weeks it used to take. Not before time.

[cp42kx07] 03/10/2024 14:19

Mine arrived today at IG.

[phillis] 03/10/2024 14:12

Wonder how long the divi will take to land

[deanowls] 24/9/2024 18:09

Company should be buying back I believe.

[davebowler] 24/9/2024 15:53

Gold has hit another all time high today. Wonder why buyers don't make the connection here and drive up the price as it should be a turbo charged way to profit from the PM bull market??

[davebowler] 20/9/2024 11:14

Ready for take off here is you look at the Precious Metals market with $ Gold (all time) and Silver (5yr) hitting highs.

[swanvesta] 12/9/2024 14:25

Student13, elsewhere I am hearing Mitchell Services (MSV.AX) is very cheap. Do you have an opinion?

[studentinvestor13] 12/9/2024 13:58

Gold new ATH $2545

[adamb1978] 12/9/2024 07:15

Agree hpcg. Weakness in various small caps in recent days/weeks despite good trading. Assume its down to a possible ill-judged raid by Reeves in the budget

[hpcg] 12/9/2024 07:13

This is harsh, mercenary and uncaring, but the sad death of David Abery should help freshen up the board. I don't think there is too much wrong and some of the recent stated strategic changes, like not attempting to grow the capital intensive earth moving side are welcome. The market is much more circumspect though.

[rivaldo] 12/9/2024 06:25

CAPD's investment in WIA Gold is up some 40% in the last few days. It's now worth around £13.65m by itself (against the current £159.7m m/cap):

[studentinvestor13] 10/9/2024 06:32

Not worth the effort yet as it was only £900k but as you say low and behold, who did we invest beside?

Anglogold Ashanti ;)