Capital Share Discussion Threads

[lord gnome] 18/3/2021 08:54

I agree Shanklin. I am just glad that there was nothing out of left field in that announcement. They need to get their admin sorted. They also need to sort out their web site. Click on the lick to their Twitter feed and you get - nothing but a blank account.
Having said that, I would rather have a company that performed well, than a slick PR performance covering a bad investment.

[adamb1978] 18/3/2021 08:52

Results look very good. Shambles of a process - RNS should have been in the system last night. No excuses

[sphere25] 18/3/2021 08:51

What a bunch of numpties. Who puts the report out at 08:41?

Just rushing and glancing through now. Can't see anything that massively changes the investment proposition here.

Outlook sounds encouraging:

"Outlook

-- Revenue guidance for 2021 of $185 to $195 million driven by improving drill rig utilisation, contract extensions and expansions from existing long-term contracts and the commencement of the load and haul waste stripping contract at Sukari, Egypt;

-- Demand for drilling services has increased strongly from Q4 2020, building further in Q1 2021 and is particularly strong in West Africa where the Group now has 41 rigs ;

-- Drill rig fleet size forecast to increase by 17 rigs with the majority allocated to previously announced contracts with Sukari, Bulyanhulu and Geita;

-- Strong demand for laboratory services with MSLABS working at near full capacity across all major laboratories;

-- Highly active tendering market across all business activities, with particularly strong demand in exploration drilling and satellite pit mining operations."

All imo
DYOR

[shanklin] 18/3/2021 08:49

LG,

TBH its completely amateurville for there to be a technical hitch given the poor execution of exiting loose holders and the resultant lowly placing price.

Today was the time to overcome all that and they cannot even issue an RNS at 7 a.m.

At least the RNS seems to read well.

[astreix] 18/3/2021 08:47

Results look pretty decent and next year revenue guidance is +37-44%. Valuations look pretty cheap given the outlook

[redalert] 18/3/2021 08:44

results out

[adamb1978] 18/3/2021 08:44

Surely they won't put them out now that the market is open will they?

[lord gnome] 18/3/2021 08:41

Ok, no need to panic. Just heard from the company. Results will be out shortly. 'Technical hitch'.

The group call will now be at 9am.

hxxps://webcasting.buchanan.uk.com/broadcast/6040d1541e24d464e23e7d6b

The link for the call is above.

[shanklin] 18/3/2021 08:40

Email addresses for the Chairman and FD are on the website so have suggested they issue a holding statement, don't lob the FY results out intra-day and issue them at 7 a.m. tomorrow.

What a muck up!

[frazboy] 18/3/2021 08:31

I'm looking forward to hearing the explanation for the delay, but the only reasonable one I can think of is, the 18th, was a typo.

There's no RNS, nothing on their website and nothing on their twitter feed. Odd!

[gleach23] 18/3/2021 08:21

Not a very auspicious start for the new CFO

[adamb1978] 18/3/2021 07:52

I thought my diary was wrong!

[lord gnome] 18/3/2021 07:25

Yep. Due today but no sign as of yet.

[thepopeofchillitown] 18/3/2021 07:18

Full year results not out??

[hpcg] 17/3/2021 14:50

r.e. Geita it is a renewal with the same number of rigs. RNS have previously not had a dollar value attached. See RNS of 2013-10-04 for contract to end 2019 and RNS of 2015-12-14 for a 1 year extension to end 2020.

[hpcg] 16/3/2021 18:35

I've been buying more, yesterday and today. In some respects the money say here has been idle, in others it has become a substantially lower proportion of my portfolio that easily justifies increasing. So I've now flipped from wanting the share price to rocket to wanting it to hold off to the new ISA season. With results on Thursday, no news there, but there should be some sort of a trading update and prognosis I don't expect that to happen. In terms of money flow travel and leisure now look fully valued, stay-at-home tech is coming off, oil has also rebounded substantially, I would expect many investors would like to redirect substantial profits to pockets that are more obviously left behind.

[lord gnome] 16/3/2021 18:20

If we knew that we would know who was doing the selling, Phillis (lovely name). Presumably with such a large holding changing hands, we must be due an RNS on behalf of the selling party. All will be revealed in due course, no doubt.

[phillis] 16/3/2021 17:16

whose shares did Aberforth buy

[rivaldo] 16/3/2021 13:48

Today's RNS from Aberforth disclosing that they've more than doubled their stake to above 10% - now at over 20m shares - is just crazy given the share price hiatus....



Another 570,000 shares have been traded so far today. There surely can't be much left to sell from anyone after all this time!

I'm betting on a very, very quick upturn at some point. As to when, that's another question.....

[shanklin] 16/3/2021 12:39

LOL S25

Yes, we're into the wrong sort of mining.

[sphere25] 16/3/2021 12:35

This is easily the most testing share in terms of a proper company and the rating. It is almost a given that positive news is ignored. You'd have thought the share price was at least double where it is.

Alot of delayed prints yesterday which resulted in substantial volume - explained by Aberforth increasing from 5.22% to 10.63%. That is an enormous move in positioning and yet more is needed.

Clearly there are some heavy duty sellers on the the other end at these price points who believe the share is fairly valued or possibly expensive.

I guess that is what makes a market. Clearly the majority of us are not on that side of the trade, but too many shares have now been exchanged to consider that these sellers are not forced or causing some form of glaringly obvious overhang.

Perhaps all the directors (changed that from just one director because I'm not actually convinced one would be enough for CAPD) need to wear Crypto t-shirts to investor presentations?

Roll on the results.

All imo
DYOR

[adamb1978] 16/3/2021 10:30

Agreed hpcg; I guess its possible that they would have been previously disclosed given the size. Was more just thinking of back of the envelope sizing of growth

[rivaldo] 16/3/2021 10:03

For those without access to Research Tree, here's a direct link to Tamesis Partners' new research, with their Buy and 127p target:

[hpcg] 16/3/2021 09:42

Adam - I'd have to go back and trace the Ashanti / Geita contracts, information I don't have to hand. Assuming they have been individually released.