Capital Share Discussion Threads

[tole] 11/2/2020 20:22

Am looking for a re-entry point here. Chart looks rather sad at moment, though fundamentals here are good. Watching closely.

[gleach23] 11/2/2020 18:22

It was temptng to think so last Fri spooky but it appears not. Some fairly decent volume going through at this 52/52p level though, so let's hope this is the level at which the seller is sorted out.

[spooky] 07/2/2020 14:14

Seller may be done IMO.

[gleach23] 07/2/2020 11:12

Taken out a trading spread bet at this point...my sentiment exactly martin!

[martinthebrave] 07/2/2020 10:51

Added at 53.9p. Looks like good value at this level but you never know for certain!!

[rivaldo] 07/2/2020 10:35

I've just topped up.

Online is looking better now. You can sell at least 60,000 at 52.08p, whilst you can only buy a maximum 30,000 at 53.9p.

CEY announced a very positive outlook for 2020 a few days ago, and the gold price is solid at $1,560 or so and looking good for the foreseeable future.

I can only assume there's been a forced seller who is now hopefully coming to an end given the encouraging online situation.

[shanklin] 07/2/2020 10:29

Mystifying

[gleach23] 03/2/2020 15:01

Online situation getting interesting but in the wrong way (for longs)

After that lumpy 32k sell, can now buy around 140k but only sell 5.5k @ 57p, so looks like a dip towards low 50s could be on cards again? I'll be waiting for a top up in case it does.

Finals 19th March (6 weeks on Thurs) so not long to wait.

[gleach23] 30/1/2020 12:35

Will do rivaldo! I usually check the limits a couple of times a day.

Currently there seem to be just over 93k shares available to buy. Bid quote continues to strengthen- now @ 60.1p for decent quantity. With the Offer @ 60.36p the spread is narrow so one would imagine something has to give soon.

[rivaldo] 30/1/2020 11:20

Gold up to $1580 now, and CAPD is edging up again.

Gleach23, let us know if the online situation gets interesting!

[gleach23] 28/1/2020 15:25

No movement in the stock available to buy this week so far - still up around 81.5k.

Bid price moving steadily higher though - now up to 59.55p for decent quantity, well inside the 57-61 market quote.

[rivaldo] 28/1/2020 14:32

The gold price is up at $1,576 now, and is likely to remain at high levels for some time given the coronavirus and other global events. Which has to be even better for CAPD and its prospects.

[gleach23] 24/1/2020 18:40

Nice late reported trade of 81.5k @ 62p. It'll be interesting to see if stock availability tightens up on next week as a result, since this has been around the number available to buy on dummy quotes all week.

Good weekend all.

[gleach23] 22/1/2020 12:41

Underlying share price firming nicely at the moment. Market quote might be 57-61 but these trades @ 58.77 are sells, so well inside the market quoted Bid.

Still apparently plenty on Offer for the moment, judging from dummy quotes. Hopefully just a matter of further patience.

[rivaldo] 17/1/2020 09:47

CAPD carried out drilling for Compass Gold in Mali per their news dated 14th January, which was highly successful according to these extracts. and most importantly will lead on to much more drilling:



"Drilling was performed by Capital Drilling"

"Compass CEO, Larry Phillips, said, “Based on these results, we believe the Compass team is onto a major gold-bearing trend, and we are excited to get on with the next stage of drilling.”

"What is most exciting is that we have already identified nine large target zones along the Farabakoura Trend, which have yet to be drilled. This latest geological and structural information confirming the location of the Siekorole Shear Zone along our Farabakoura Trend will be invaluable in planning the next phase of drilling over the remainder of the 4.3 km strike length of the Boumban Central target zone, and across the other nine targets identified by our previous exploration work.”

[rivaldo] 16/1/2020 15:54

Good to see the price bouncing somewhat - I topped up with a few more earlier. It looks like relatively small buying is moving the price upwards.

[rivaldo] 16/1/2020 14:00

Here's some commentary from Peel Hunt from the news wires:

"Capital Drilling had more rigs turning in the fourth quarter and added two new contracts, suggesting there is strong momentum in the drilling business, Peel Hunt says. The brokerage notes that gold prices are giving miners good cash flows and it is a sign that exploration is returning, having been significantly constrained in recent years.

The new contracts that started last year show activity levels picked up through 2019, which should translate to further activity increase this year. "With a larger fleet and plenty of rigs in the West Africa hotspot, Capital Drilling is well positioned to benefit," it says. Peel Hunt has a buy rating on the stock with a target price of 85 pence."

[mfhmfh] 16/1/2020 13:19

EPS Growth of 29%, PE of 11, PEG ratio of less than 0.5.

[otemple3] 16/1/2020 10:15

https://www.proactiveinvestors.co.uk/companies/amp/news/910820?__twitter_impression=true

[mfhmfh] 16/1/2020 09:27

Peel Hunt today reiterate buy rating and 84p target price. I'm still looking for 100p.

[qs99] 16/1/2020 09:06

I agree with Riv, but then I am a bull on gold and golders at present given macro environment. Resources are depleted and CAPD should be in the middle of a multi-year solid macro environment for gold IMO.....short term deferrals should be irrelevant on that view IMO......EV/EBITDA of 3 for 2020 IMO is nuts....DYOR

[gleach23] 16/1/2020 09:01

Very happy with the update despite the Bonikro revision - strong hold for me.

Based on quotes the Bid is currently strengthening (in volume and price) but one has been able to buy in large quantity all morning (160k shares).

Happy with my current holding but will look to top up if for any reason it gets into low 50s as it did in mid-Dec.

[catsick] 16/1/2020 08:49

Just bought smalls this sell off way overdone

[rivaldo] 16/1/2020 08:38

Tamesis Partners have tweaked their target price to 100p (from 106p) due to the Bonikro deferral.

Q4 revenues were slightly behind expectations. They estimate $26.6m EBITDA for 2019, with $9.8m PAT.

Net cash of $4.4m was way ahead of $1.4m expectations.

They conclude:

"Our target price represents 5x forecast 2020E EBITDA of US$32.7 million. Capital Drilling continues to look undervalued, the company is currently trading on a 2020E 3.3x EV/EBITDA and 9.1x P/E."

Looks like short-termers have bailed out this morning, but I'm very happy to hold and likely top up given the prospects.