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% 77.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
77.00 78.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 98.71 24.94 12.99 6.0 146
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 77.00 GBX

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Date Time Title Posts
24/6/202108:33CAPITAL DRILLING : global minerals industry services provider1,195
21/5/202009:16Capital 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 77p.
Capital Limited has a 4 week average price of 76.20p and a 12 week average price of 62.30p.
The 1 year high share price is 87p while the 1 year low share price is currently 57.50p.
There are currently 190,054,838 shares in issue and the average daily traded volume is 2,452,110 shares. The market capitalisation of Capital Limited is £146,342,225.26.
dangersimpson2: For CAPD I think a sum of parts valuation is probably needed: Investments at market value: $34m MSALABS 3x $16m Fwd Revenue since this is growing 100% pa. CAPD own 75% = $36m Drilling = 5x2021 EBITDA = 5 x maybe $45m after allocating overheads = $225m Mining = 1.3x Capex = 1.3x ($50m Sukari +$10m? Boninkro) = $78m Net Debt at end 2021 = $29m (Tamesis Estimate) Total $354m = £1.31/share - which incidentally is pretty close to Tamesis £1.27 price target. The 2022 numbers for CAPD perhaps would increase this, but then there are considerations of where we are in the cycle and we don't know the expected growth rates of McKay Drilling that are built into that purchase price. What is also interesting, though, is that Major Drilling are paying that multiple for an unlisted company, which normally trade at a discount to listed equities. Of course, the shareholding of Directors and Founders means that CAPD won't be subject to a cheap bid, but does highlight that the valuation anomaly between CAPD and the rest of the market does remain stark.
rivaldo: CAPD have been tipped in the latest issue of Trendwatch as one of the best "shares in the early stages of a new uptrend". I won't post the whole article, which simply reiterates what the company does and the raft of new contract wins etc - and that the consensus analysts' share price target is "54.5% above the current price" of 69.5p. It concludes: "Summary: I cannot understand why this highly successful, well managed growth company is trading on such low forward p/e and PEG ratios. The shares are clearly undervalued. BUY"
dangersimpson2: Capital DI Ltd is the investment subsidiary of CAPD. I've just been through the known listed investments, and they have been surprisingly active. Although there have been no new companies they have invested in, they often backed the most promising customers in recent placings to maintain their holdings. For example, they added to FFX in the placing to acquire Morila at AUD16c and recently have been top-slicing into strength, coming down from over 22m to the 19m shares reported for April: hTTps:// Algold was bought by Aya Gold & Silver and I think Capital are due to receive about $260k in Aya shares when it closes, although I'm not sure how this is priced since the Aya share price has been strong recently. This holding appears to have helped the recent contract win with Aya, so these holdings are still doing a decent business development role. I don't know a precise figure for Cora Gold since CAPD went below 3% so may have sold some more. The recent contract wins with Cora suggests they still hold shares though. If we assume the Aya stake will be priced on closing, Cora holding is as per last RNS and the unlisted stakes are static at $10.9m then the investment stakes are currently worth around $33m or 18% of the market cap. I think a number of unlisted stakes may be warrants in listed companies that CAPD got for supporting various capital raises since these are more common in Canada/Aus. e.g. you can see warrant activity in Canada here: hTTps:// but not all the amounts. So a strong share price in some of these companies could positively impact the unlisted as well as the listed stakes. Gold price strong over the weekend, which should help sector sentiment a bit.
rivaldo: Here's Firefinch's (formerly Mali Lithium) top 20 shareholders - it seems CAPD currently have exactly 19m shares (assuming Capital DI Ltd are indeed CAPD): Https:// Firefinch's (FFX) share price is doing extremely well. At the current 0.38 AUD the price has quadrupled or so in the last year. This would make CAPD's holding now worth around £4m at 1.8$AUD to the £1. Quite a sizeable holding if so. I would love someone (ds2?) to confirm this as I'm not 100% sure of the decimal points! Https://
fozzie: All that Riv and yet whenever I log on to look at the share price I expect to see it down again. As you said yesterday the share price is bonkers.
11_percent: Hi guys, From the header, list of companies in which CAPD own shares. Does anyone know why we ahve these shares. 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 - Firefinch Ltd (FFX:ASX) - 9.5m shares, cost A$900k plus 5.625m options @ 0.015 AUD, now trading at 0.009 AUD (formerly Mali Lithium) - Tanga Resources (TRL:ASX) - 13.3m shares, invested at 0.03 AUD, now trading at 0.019 AUD - Aya Gold (AYA.TO), which acquired Algold Resources (ALG.H:TSX) (CAPD held 3,874,692 ALG 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 - Marvel Gold (MVL:ASX) - 22,793,083 shares, trading at 0.052 AUD, worth AUD$1.2m (formerly Graphex Mining)
rivaldo: Yep, 5.7m shares traded so far today. This share is a real conundrum. Perhaps this is the turning point....:o)) Incidentally, CAPD's holding in Algold Resources is now shares in Aya Gold of Canada, which acquired Algold a month or so ago. I've amended the thread header post, but haven't yet worked out what CAPD received in return. However, the Aya share price has done extremely well, having quadrupled in the last year and risen nicely in the last month: Https://
adamb1978: Just caught up on the Investor Meet presentation. Thought it was very good and credit to the management team for the clarity of their answers. A couple highlights from my perspective: - said that gross margins forecast by brokers of 37% gross margin and 26% EBITDA margin are achievable - capex guide of $25m p.a. in future - "perplexed at the share price level" and quoted comps trading at 11x Ev/EBITDA in Canada and an Aussie IPO at 5.3x Ev/EBITDA. But capd have highest margins, strong balance sheet etc Based on their revenue guidance and EBITDA margins, if you put the share price on the same level as that Aussie comp the share price would be 100p...and then you should add on the cash and investments to that... Adam
rivaldo: CAPD got a rather bullish review on Stockopedia last night in Paul Scott's Small Cap Value Report by Jack Brumby. It concluded as follows (a bit misleading to use the full 17.6c EPS including the investment gains, but I guess he's a newbie to CAPD): "Conclusion These are strong results and Capital looks well placed for a continued pick up in Africa-based mining activity. I don’t think we’ve missed the boat here. Some big institutions have been buying in and, given the results and outlook, the share price looks cheap. Diluted EPS of 17.6c puts the group on about 5.4x FY20 earnings. Capital guides to revenue of between $185m-$195m for FY21 and demand for drilling services ‘has increased strongly from Q4 2020, building further in Q1 2021’. MSLABS is working at near full capacity across all major laboratories. MSLABS also sounds interesting – this is a global provider of geochemical lab services serving the exploration and mining industries. There could be growth potential here. Given the buoyant outlook the shares do look cheap at the moment and I think it’s well worth spending a bit more time getting to know this company. True, at some point there could be a downturn in mining activity, but there seems to be a disconnect between the positive outlook and today’s share price even accounting for the 10% rise."
gleach23: Had a quick look at the comparative share prices for 30th Jun and 31st Dec for rivaldo's list of investments in the header. Rough calculations gave me USD11.8m in total for the former and USD11.4m for the latter, so H2 down a bit. Primary share price movements were - Predictive Discovery down from AUD 0.09 (30Jun) to AUD 0.06 (31Dec) Firefinch up from AUD 0.11 to AUD 0.18 Tanga up from AUD 0.02 to AUD 0.05 Awale down from CAD 0.18 to CAD 0.11 I'd forgotten that the obvious issue in attempting to predict the total valuation at 31st Dec is that there is a good chunk of investment in private companies for which we don't know the current share price The Investments slide in the H1 Report said that the main contributors to the strong H1 performance were Predictive Discovery which has since come off a bit (per above) and Allied Gold which is a private company. CAPD invested USD3m in the form of a convertible loan in Oct 19 which was going to increase its stake in the company to 3%. Hopefully Allied Gold's share price has fared better than Predictive in H2.
Capital share price data is direct from the London Stock Exchange
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