Share Name Share Symbol Market Type Share ISIN Share Description
Capital Limited LSE:CAPD London Ordinary Share BMG022411000 COMM SHS USD0.0001 (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 63.00 3,725 16:35:26
Bid Price Offer Price High Price Low Price Open Price
63.00 66.00 64.50 63.00 64.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 86.58 11.00 5.81 10.9 86
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:26 UT 2,500 63.00 GBX

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Date Time Title Posts
30/11/202007:38CAPITAL DRILLING : global minerals industry services provider455
21/5/202008:16Capital Drilling -For Mineral & Mining Exploration1,593
14/11/201308:29*** Capital Drilling ***40

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Capital Daily Update: Capital Limited is listed in the Support Services sector of the London Stock Exchange with ticker CAPD. The last closing price for Capital was 63p.
Capital Limited has a 4 week average price of 61p and a 12 week average price of 61p.
The 1 year high share price is 78.50p while the 1 year low share price is currently 28.60p.
There are currently 136,980,903 shares in issue and the average daily traded volume is 241,453 shares. The market capitalisation of Capital Limited is £86,297,968.89.
shanklin: If one compares CAPD with other equipment hire companies, it should probably already be at an share price of at least £1.30 Edit: Its only the incessant seller that is lowering some people's viewpoint as to fair value.
rivaldo: The outlook for CAPD has never looked brighter, yet once again the share price is presumably being held back by Craig Burton's selling. One day he'll run out of stock. In the meantime this price is surely a huge bargain, imo anyway.
rivaldo: Mark Watson-Mitchell at Master Investor updated last night on CAPD as follows, with a 100p target: "Capital (LON:CAPD) – going from strength to strength This Africa-focussed mining services group enjoyed a cracking first half year to end-June. Its revenues were up 18.8% from $54.8m to $65.1m, while its net after tax profits were a stonking 168% higher at $13.6m ($5.1m), boosting basic earnings 170.5% from 3.7c to 10c. Its dividend was only raised from 0.7c to 0.9c per share. This was a strong performance from the group, with drilling rig utilisation increasing. But then so too has the price of gold in the first half year, which is a driver for some 90% of its business. Tamesis Partners are looking for current-year revenues of $138.3m, giving a pre-tax profit almost doubled from $14.6m to $28.3m. They have put out an increased price objective of 102p for the group’s shares. Even brokers Peel Hunt have increased their price objective to 86p. Executive Chairman Jamie Boyton stated that, “the mining business is seeing increased tendering activity, providing further optimism of higher activity levels in the second half and into 2021.” I continue to have high regard for this company’s prospects, its value and its share price and retain my latest target price of 100p. The shares closed last night at 76.5p."
shanklin: Gold at record levels so, obviously, the CAPD share price slips back. The seller never learns.
adamb1978: Hello I'd welcome the opportunity to pick the brains of someone who knows this space well. I've looked back at KPIs and the financials going back to 2012. Utilisation rate seems to closely track the gold price....which makes sense, and over 2013-2019 the utilisation rate has been around 50% when the gold price has been somewhere around $1300. - How come a price war doesnt erupt given that CAPD and others have their drill/kit sitting idle somewhere? Why don't CAPD and other undercut rivals to win business even when the gold price is low-ish given that they have already spent the capex and winning that business is therefore relatively low cost (as capex has been incurred already)? - ...or is it just that when the gold price is say $1300, demand from gold companies for drilling drops such that its not possible to win more business than is implied by the c.50% utilisation rate which CAPD have recently operated at? - perhaps linked to the above, how long are typical contracts which CAPD sign? i.e. do they not want to commit to customers when the gold price is low given that terms might be significantly worse than when the price was high? given the price is now $1800, should we expect utilisation rates to ramp up to say 75%-80% as seen in 2012? What are people expecting for turnover and EPS this year? A couple other details for the header: - Tanga Resources: they own 13.3m shares - Mali Lithium: they own 9.5m shares Feels like this has a lot of downside potential - just trying to work out what the upside potential is. Thanks Adam
shanklin: ds2 Thank you for reminding me of this. With cash in the bank earning next to nothing, the ability to significantly boost EPS, whilst retaining considerble cash on the B/S, should IMHO be justification enough in itself. Another reason for taking out this overhang, would be to give CAPD the ability to raise cash at a more sensible level in the future, should they ever need to, my thinking being as follows... ...If CAPD bought out this block of shares at current levels, which is ridiculously good value, the share price would probably get much closer to fair value. Even if the share price only rose to £1.00 after taking out these shares, and £1.20 would perhaps be more sensible, which would hardly be a generous rating, they would probably then be able to raise cash at say 90p, which would be a lot better than doing so at a discount to the current share price I don't know if there are any particularly attractive uses for their cash but if some opportunity did come along it would be good to be much better prepared than is currently the case.
rivaldo: The gold price is up again to almost $1,780. I also see that CORA's share price is up to 9p, so CAPD's holding is now worth around £780,000. The holding in PDI is worth around £4.4m at PDI's current share price. The holding in Golden Rim has doubled since the thread header post, and is now worth around £500,000.
rivaldo: Stockopedia loves CAPD...... Https:// "Could quality and value be the key for shares in Capital Drilling? Wed 10:07am by Michael Green Good shares at cheap prices are what the very best investors look for. At this time of economic turmoil and market volatility, could Capital Drilling (LON:CAPD) be one of them? When it comes to the proven drivers of stock market profits, "good" and "cheap" is the best blend of quality and value that you can get. Research shows that poor quality, expensive shares tend to underperform - but high quality, cheap shares can deliver stunning profits. The Capital Drilling share price has moved by 4.46% over the past three months and it’s currently trading at 61.49. The good news is that it scores well against some important financial and technical measures. It's a large-cap share with strong exposure to high quality and a relatively cheap valuation. One of the stand out quality metrics for Capital Drilling is that it passes 8 of the 9 financial tests in the Piotroski F-Score. The F-Score is a world-class accounting-based checklist for finding stocks with an improving financial health trend. A good F-Score suggests that the company has strong signs of quality. Fair price While quality is important, no-one wants to overpay for a stock, so an appealing valuation is vital too. With a weaker economy, earnings forecasts are unclear right across the market. But there are some valuation measures that can help, and one of them is the Earnings Yield. Earnings Yield compares a company's profit with its market valuation (worked out by dividing its operating profit by its enterprise value). It gives you a total value of the stock (including its cash and debt), which makes it easier to compare different stocks. As a percentage, the higher the Earnings Yield, the better value the share. A rule of thumb for a reasonable Earnings Yield might be 5%, and the Earnings Yield for Capital Drilling is currently 20.5%. In summary, good quality and relatively cheap valuations are pointers to those stocks that are some of the most appealing to contrarian value investors. It's among these shares that genuine mis-pricing can be found. Once the market recognises that these quality firms are on sale, those prices often rebound."
rivaldo: Latest forecasts are: - year to 31/12/20 : 9c EPS, $28.9m EBITDA, $16.6m PBT That's around 7.3p EPS this year, giving a P/E at 60p of only 8.2. Tamesis Partners "value Capital Drilling at 99p/share, and maintain our target price of 100p. This represents 5x forecast 2020 EV/EBITDA of US$28.9 million" Quite apart from excellent trading prospects as per the recent Q1 trading update: Https:// CAPD also has substantial tangible asset backing against its £79m m/cap at 60p of (as at 31st December 2019): - $4.4m net cash - $12.5m of investments, split roughly evenly between publicly quoted and private companies - $52.9m of property, plant and equipment, mostly drilling rigs CAPD provide services almost wholly to gold producers, with very little exposure to more cyclical gold exploration. It's been unaffected by COVID-19, with all of its gold producing clients operating normally. The gold price is as I write at multi-year highs at around $1,740 and is forecast by most to stay at high levels for some time to come. CAPD's non-drilling services are also growing fast, including a first mining services contract for Allied Gold recently commenced covering exploration, grade control and blast hole drilling, mining equipment hire and service, and management services. CAPD also provide mineral analytical services as well as maintenance services. Non-drilling revenues were 12% of total revenues in Q1 2020, up from just 4% in Q1 2019. Since 31st December 2019, CAPD's investment in Predictive Discovery on the ASX has rocketed. CAPD invested $350,000 at 0.009 AUD. They own 90m shares in total, or 14.69% of PDI. At the current 0.074 AUD quote this is now worth $6.7m AUD, or around £3.6m. CAPD's investments of which I'm aware include: - Predictive Discovery (PDI:ASX) - 90m shares worth £3.6m @ 0.074 AUD - Cora Gold (CORA: London) - 8.7m shares worth £610k @ 7p - Golden Rim Resources (GMR:ASX) - 76.9m shares worth £260k @ 0.006 AUD - Arrow Minerals (AMD:ASX) - £450k (110m shares) +options invested at 0.01 AUD, now trading at @ 0.006 AUD - Mali Lithium (MLL:ASX) - 9.5m shares, cost A$900k plus 5.625m options @ 0.015 AUD, now trading at 0.009 AUD - Tanga Resources (TRL:ASX) - 13.3m shares, invested at 0.03 AUD, now trading at 0.019 AUD - Algold Resources (ALG:TSX) - 3,874,692 shares (14.25%), now trading at 0.13 CAD - Awale Resources (ARIC:TSX) - 8,333,334 shares (12.18%) invested at 0.09 CAD, now 0.1 CAD - Desert Gold (DAU:TSX) - 6,200,000 shares (5.7%), trading at 0.17 CAD, worth £620k - Graphex Mining (GPX:ASX) - 22,793,083 shares, trading at 0.052 AUD, worth AUD$1.2m Current customers include AngloGold Ashanti, Acacia Mining, Algold, Barrick Gold, Centamin, Khoemacau, Kinross, Rakita Exploration, Resolute and Tanga Resources. Https:// "At Capital, we provide full service drilling solutions to customers within the global minerals industry, focussing on the African markets. Our drilling services include: blast hole, delineation, directional, exploration, grade control and underground drilling. Our range of ancillary services includes: directional software; shot loading and firing; surveying and geophysical logging; mineral analytic services; and on-site safety monitoring systems." "Capital Drilling is one of the largest diversified drilling companies globally. Our extensive fleet enables us to provide drilling services across all phases of the mining cycle, from greenfields exploration to mine-sites, in both surface and underground mining operations. "
rivaldo: Amazing news for CAPD from Australia. CAPD own 90m shares in Predictive Discovery Ltd (PDI), quoted on the ASX, i.e 14.69% of the company. PDI have had rather good exploration results recently. And their share price has exploded. So in the last 3 weeks. CAPD's holding has gone from being worth around A$0.9m, to its current A$6.3m..... This alone backs up a rather nice portion of CAPD's £80m m/cap. It's all explained here: Https:// "One of 2020’s biggest success stories is Africa-focused gold explorer Predictive Discovery (ASX:PDI). It rose from 0.5c to 6.9c following strong exploration results. And Mauritius-domiciled drilling firm Capital Drilling bought 30 million shares at 0.5c each, which cost it $150,000. But now that purchase is worth $2.1m and Capital Drilling’s total 90 million share package is worth over $6m. Every shareholder’s dream." Take a look at the one month chart for PDI... Https://
Capital share price data is direct from the London Stock Exchange
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