Capital Share Discussion Threads

[fillipe] 01/2/2018 09:11

I've doubled up here on the drop this morning.

f

[gleach23] 01/2/2018 08:45

I was caught out a bit by the odd time of the RNS - 7.30?

Disappointing that the Tanzania position can't be quantified after 7 months and remains a drag on utilisation. A shame really as otherwise the update was pretty good with CAPD demonstrating the strength of its business model that is currently operating in a healthy market, albeit not without its geopolitical risks which one would hope are fully built into the share price

As you mention shaunstar, great cash generation - up $4.3m in the year after a $2.85m investment and $2m in divis.

[shaunstar] 01/2/2018 08:38

I think CAPD are doing what they did previously and thats obscuring strong cash flow that would otherwise make the company look cheap.

I look forward to results so work out exact cash flow in the period.

[valhamos] 01/2/2018 08:03

In line for 2017 but expected 2018 revenue reduced with the Tanzania issue still having an impact.

[gleach23] 26/1/2018 16:27

Chunky buy yesterday set things up nicely for today.

Year end Trading Update very soon, possibly as early as next week - I imagine some are buying ahead of that, particularly in light of the Tanzania contract extension of last month which may have eased fears.

[rivaldo] 26/1/2018 15:13

Nice move today, and new recent highs too. Can't see any specific news, so I assume this is simply a long-deserved re-rating on the back of the strength in the CAPD's sector.

[rivaldo] 15/1/2018 15:41

Yep - up almost 10% today. Hopefully back to 60p now for starters.

[fillipe] 15/1/2018 09:05

Today, more signs of life. In fact looking quite well chirpy and healthy.

f

[thepopeofchillitown] 11/1/2018 17:16

Signs of life!

[fillipe] 11/1/2018 11:19

Best ask now 44p... 25k shrs at that, but spread over 3 mm's.

gl,

f

[gleach23] 11/1/2018 11:04

I think so! Could be quite a sharp move up with any luck.

[rivaldo] 11/1/2018 10:57

Good to see a sharp move up this morning. CAPD's been left behind a bit given the rising tide of prices and activity in the resource sector - time to catch up?

[gleach23] 05/1/2018 16:01

Nice 35k buy @ 39.7p means full 40p Offer price quoted for £100 worth of shares now.

Poised?

[gleach23] 02/1/2018 15:58

Good to see some blue here today on the back of some modest buying, some of it mine as I bought back some of what I had sold.

Potential for positive newsflow in the next 10 weeks or so with a full year TU due by early Feb followed by Finals around mid-Mar.

Let's hope 2018 sees CAPD regain lost ground and more...

[gleach23] 20/12/2017 10:48

Nice announcement of a contract extension this morning to ease fears of any near term pulling of the plug in Tanzania -

[runthejoules] 19/12/2017 12:37

Sounds positive:

Capital Drilling Limited
("Capital Drilling", the "Group" or the "Company")

Successful $12m Debt Refinancing and Appointment of Chief Financial Officer ("CFO")



Debt Refinancing

Capital Drilling Limited (CAPD:LN), the Africa focused drilling company, today announces that it has successfully refinanced its senior bank facilities for a further three years. The new debt facility, which matures in December 2020, is with Standard Bank South Africa, a leading lending institution in the African banking market. The commercial terms are broadly consistent with those of the previous facility.

The facility, which bears interest at 5.75% above LIBOR, will provide funding to refinance all outstanding amounts under the Company's existing $15m revolving credit facility (reduced from an initial $30m).

The Company continues to maintain a strong, net cash balance sheet.


Appointment of CFO

The Company is also pleased to announce the appointment of André Koekemoer as CFO, a non-Board position, effective 1 December 2017. Mr Koekemoer replaces Dewald van Tonder.

André has been with Capital Drilling since 2009, having previously acted as Financial Manager, Operations Commercial Manager (LATAM), Group Financial Controller and most recently Deputy CFO. Prior to Capital Drilling he had extensive experience in African markets as Group Financial Manager for iBurst Africa. He holds a Bachelor of Accountancy Degree from the University of the Free State in South Africa.


Commenting on the management change, Jamie Boyton, Chairman said:

"I would like to take this opportunity to thank Dewald for his contributions to the Company and wish him well for the future.

I would also like to welcome André as CFO. Having been with Capital Drilling since 2009, I look forward to working with him in this new role."

[runthejoules] 08/12/2017 14:32

So I'm guessing Q4 results will be around Jan 18th? And if they're good we should take off... now do I trade these till the New Year... decisions, decisions!

[runthejoules] 08/12/2017 13:24

No Dean, I can sell on HL for 37.15p (up 1.32% today according to them. I bought due to Tanzania troubles but the rigs still being functional. No movement for months though, and I reckon I can find something that'll get me more than 30% takeover premium rather than waiting round eating opportunity cost, even if I have to take an 11% loss. Of course, it'd sell the day after I did...

[deanowls] 24/11/2017 16:11

Ive just seen that, looks like a suspended company

[runthejoules] 24/11/2017 10:43

I've never seen a line as flat as that. Is everyone here just hanging in for a t/o, or awaiting any other news?

[bmw30csl] 19/10/2017 16:41

Good to get some sort of deal done in Tanzania for the miners then so that work can progress.

[kinbasket] 19/10/2017 13:57

Little known fact. Fumbuka Ng'wanakilala is Kiswahili for John Redwood.

[bmw30csl] 19/10/2017 12:45

i like this one but obviously needs some resolution in Tanzania but for now to keep getting debt down is key.