Capital Share Discussion Threads

[gleach23] 03/7/2017 14:02

The news today comes across as fairly innocuous to me but obviously they felt compelled to announce it. The timing is terrible though, just as I thought we had a bottom in and were starting to build strength towards the update. I still can't imagine the update being anything other than good, unless of course something nasty does actually come out of these court proceedings.

[lord gnome] 03/7/2017 12:54

This continued drift in the share price is becoming rather concerning. I just hope that the update does indeed contain good news.

[zico01] 02/7/2017 22:47

Reminder what Q1 was like :

Company expects a stronger financial performance in 2017 over the prior year and, as a result of recent contract wins and the improved tendering pipeline, the Company is increasing revenue guidance for FY17 to $120 - $130 million, versus previous guidance of $105 - $112 million.

Commenting on the trading update, Jamie Boyton, Executive Chairman, said:

"Encouragingly, the Company has seen the strongest start to the new financial year in terms of revenue growth for a number of years. Following the traditional seasonal shutdown, we have seen drilling programs recommence earlier in January than in recent years, resulting in revenue growth of 13.6% over Q4 2016.

Our long-term production contracts continue to perform well and we have commissioned new rigs at Sukari (Egypt) and North Mara (Tanzania) during the quarter. In a further positive sign of improving conditions, our operations at Geita (Tanzania) expanded, with a further underground rig added to the rig fleet, along with the purchase of a new blast hole rig for the site.

The increase in exploration activity evident in 2016 is continuing. The Company has been awarded new and repeat exploration contracts throughout the quarter, and we anticipate further expansion opportunities throughout Q2.

For the remainder of the year, we anticipate leveraging our new structure to meet the needs of our growing exploration and production clients, maximising opportunities in the recent market upturn, whilst maintaining a prudent approach to managing our working capital and balance sheet."

[zico01] 02/7/2017 22:39

Q2 and H1 trading update this week will be very bullish.

[gleach23] 29/6/2017 16:09

Nice to see those 2 100k buys @ 49p

[gleach23] 29/6/2017 11:21

Thanks rhomboid- certainly hope so. Yes they did jump on the last update - let's hope they appear on the homepage as one of the biggest risers on the day this time around too :)

[rhomboid] 29/6/2017 11:10

Let's hope your latest top up represents perfect timing 🙂 I hold a lot of these and think they just drift between quarterly updates as they seem off the radar for many investors. Iirc they jumped 18% on the last update so let's hope for a similar bounce as the next Q should be a v good one too.

[gleach23] 29/6/2017 11:03

Online availability to buy has finally dried up so took a final top up this morning.

[gleach23] 27/6/2017 13:27

Some volume from our seller going through today @ 50p.

Hopefully given the share price movement lately the company will be keen to get the H1 update out next week!

[gleach23] 16/6/2017 09:44

Just plumped for a top up @ 53.7 following that 30k buy.

Still plenty of stock available to buy - hoping that will quickly change.

[gleach23] 15/6/2017 11:00

Surprised at selling just 3 weeks away from H1 update following that Q1 update.

Online quotes suggest weakness at the moment with plenty of stock currently available @ 54p but on the lookout for a well-timed top up...

[gleach23] 01/6/2017 10:39

That's a tasty 250k just gone through @ 55p

[rhomboid] 24/5/2017 18:47

AJ Bell don't credit it until the cheque(!) clears, as it's a Bermuda bank rules are different and it takes up to 7 working days

[yasrub] 24/5/2017 18:42

Thanks for your replies, A J Bell a bit behind the curve.

[greenroom78] 24/5/2017 17:52

Ok thanks.

[valhamos] 24/5/2017 17:47

Converted at 1.3074

[greenroom78] 24/5/2017 17:35

Not yet, what did it convert to in GBP?

[valhamos] 24/5/2017 17:15

Yes in my account today.

[yasrub] 24/5/2017 17:09

Has anyone received the small dividend payment yet ?

[greenroom78] 09/5/2017 12:11

Will help shift this overhang too.

[gleach23] 09/5/2017 10:56

Looks like a couple of meaty buys this morning as the online Offer nudges up to a full 60p for even the smallest of quantities

[flagon] 05/5/2017 16:26

Broker comment ...

Tamesis Partners said Capital sits on an attractive valuation multiples as well as being a dividend payer.

"The company has used 2016 and early 2017 as an opportunity to refurbish and/or make strategic investments so cashflow has remained suppressed. Still, a dividend was awarded in 2016 and we expect another in 2017 of US$0.015/share, equivalent to a 2% yield.

"In 2018, free cashflows are expected to rise materially with a free cashflow pre-dividend of US$9.5 million and yield of 9.2%."

Tamesis' price target is 85p/share.

[deanowls] 05/5/2017 10:01

Be rude not to, added.

[gleach23] 04/5/2017 21:17

Unsurprisingly Shares mag today advised its readers to keep buying at current prices.

Half page write up mainly focusing on the Fincap upgrade and no info that hasn't been mentioned on this board already.

Probably accounts for some of the buying today.