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CAPD Capital Limited

83.00
0.00 (0.00%)
Last Updated: 11:23:02
Delayed by 15 minutes
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 0.00% 83.00 25,829 11:23:02
Bid Price Offer Price High Price Low Price Open Price
82.60 83.40 83.00 82.40 82.40
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs USD 318.42M USD 36.74M USD 0.1872 4.43 162.89M
Last Trade Time Trade Type Trade Size Trade Price Currency
11:23:02 O 1 83.40 GBX

Capital (CAPD) Latest News

Capital (CAPD) Discussions and Chat

Capital Forums and Chat

Date Time Title Posts
24/9/202419:09CAPITAL DRILLING : global minerals industry services provider3,296
21/5/202009:16Capital Drilling -For Mineral & Mining Exploration1,593
14/11/201308:29*** Capital Drilling ***40

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Capital (CAPD) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
10:23:0283.4010.83O
10:11:3183.00123102.09O
10:11:3182.80123101.84O
10:00:3383.354739.17O
09:17:1383.0012099.60O

Capital (CAPD) Top Chat Posts

Top Posts
Posted at 03/10/2024 09:20 by Capital Daily Update
Capital Limited is listed in the Oil And Gas Field Expl Svcs sector of the London Stock Exchange with ticker CAPD. The last closing price for Capital was 83p.
Capital currently has 196,257,124 shares in issue. The market capitalisation of Capital is £162,893,413.
Capital has a price to earnings ratio (PE ratio) of 4.43.
This morning CAPD shares opened at 82.40p
Posted at 03/9/2024 07:59 by hpcg
What a moronic and facile statement to make. It is like the success of the US markets versus the continuous decline of London market is a mystery to these people. Buybacks create liquidity. They encourage investors to buy because there is always a bid in the market. They reduce the spread because there is always a bid in the market. They increase the share price which encourages some selling. Rising prices create interest in a stock.

On the other hand if you want illiquidity the perfect recipe is stock that is cheap on a range of value metrics but has no momentum in the share price.

I am more than happy for the company to invest in growth. If by doing so it does not have any capacity for investor returns so be it. What I can't fathom is that when a company has surplus capital and trades below book it chooses not to invest in its own stock. There hasn't been surplus capital here for a while now, but when there is some sensible decisions on its allocation need to be made.
Posted at 03/9/2024 07:44 by fozzie
Going nowhere fast here and the board need to start and get their finger out and create some shareholder value pronto. I can only comfort myself with the ‘undervalued’ narrative for so long. The liquidation of part of the share portfolio has done nothing for the share price as yet.
Posted at 14/8/2024 14:00 by rivaldo
Great news today - not only £25m in the bank, but also a 50% share of any upside from Perseus if they sell before Dec'25.

It should also be noted that PDI's current share price is $0.195, so CAPD achieved a decent premium (PDI's share price was last at $0.21 back in April).

The investment portfolio now consists primarily of the Allied Gold holding and WIA Gold. The former is stuck in a consolidation at present, but looks capable of much better at first sight, as does WIA, particularly with gold at near-record levels.

Hopefully the portfolio is now much less of a distraction (if it ever was) from CAPD's excellent core businesses - and its ridiculously cheap rating.
Posted at 25/7/2024 08:35 by rivaldo
Pleasing news here - CAPD are due to receive payments of around £2m in two tranches over the next year as Leo Lithium distribute their proceeds from asset sales, with more likely to come after that but unspecified as events unwind:



I appreciate your POV Adam. There are good arguments on both sides. For example, if PDI were to receive a bid in the next few weeks/months - which is not out of the question imo - that would immediately bring in £25m or more at a stroke. On the other hand, there are good arguments for CAPD crystallising say £10m of their large PDI gains to date and utilising that on debt reduction and/or buybacks.

CAPD's share price is up over 50% in just over 4 years since I started this thread at 60p, and of course there have been decent dividends paid every year as well. So it's been a pretty respectable performer overall.

Management here can be trusted imo in terms of operational performance - drilling and mining services have both thrived and now MSALabs/Chrysos looks like it could be a gamechanger. I'm happy to hold - and perhaps add even more - to give CAPD the time to realise the large upside which looks on the cards.
Posted at 18/7/2024 17:43 by adamb1978
Hi tightfist - I take a different view. How about investing the $7m in shares of a very, very adjacent company called Capital Limited instead?!? Those shares are trading below NAV so extremely attractively valued and the buying would push the share price up! In my mind, getting debt down or a buyback would be of far greater value to shareholders.

Average daily volume here is c.£130k so if CAPD bought back 10% of that each day then the $7m would fund a buyback for a bit over 400 trading days. That relentless buying would push the price up. A great example of this is TIG. They bought back shares day after day after day for about a year and the share price is now up 70%+ compared to pre buyback. In my mind, that would produce better value for shareholders than an illiquid stake in a start-up which could be years from turning into cash. If the CAPD price wasn't below NAV (and they had lower debt) it could be a different decision
Cheers.
Posted at 18/7/2024 08:23 by adamb1978
I meant the 22% stake taken in the other start-up.

Some people on here, including myself, question the value of the investments. THey were initially a way of building relationships with customers and winning contracts so had a benefits in CAPD's early days but with CAPD's size now and dealing with larger customers makes them less relevant. Particularly holding stakes in listed companies - lots feel that they would be better selling those positions down and clearing the debt (or returning the cpaital to shareholders). Management have been pressed on this several times but won't do so as they're trying to ride a value increase in those listed stakes. There's also been zero evidence that the market gives them value for these positions in the share price.

They also formed another division a year or two ago to invest in adjacent start-ups. They seem to have burried that formal structure but the investment announced today shows if the structure is gone, the notion remains. Question comes back to the equity story - most invest in this company as an excellent operator. Few invested in this company bcause they want to be invested in an asset management company focussed on junior miners.

In my view, whilst they're cheap the share price could be a lot higher if they monetised their stakes where possible and run the capital structure decisions in a more conventional way
Posted at 28/6/2024 09:20 by rivaldo
PDI's share price has dipped recently, but rose almost 10% last night on good drilling results from Bankan in Guinea.

More importantly, CAPD are the drilling contractor and there's lots going on and to look forward to:



"Managing Director Andrew Pardey, said:

“With PDI’s PFS outlining attractive optimisation opportunities from further resource development work, we have renewed our focus on this as we move forward with the early stages of our DFS field work.”

“The initial results at BC are very encouraging and confirm there is potential to upgrade Inferred Mineral Resources just below the PFS pit designs, which could ultimately lead to an increase in the current 207Koz BC Ore Reserve.1

Encouragingly, drilling also encountered positive intercepts outside the overall Mineral Resource estimate.”

“We are also pleased to advance the 800W and SB targets from exploration to resource development drilling.”

Also FYI, CAPD have around a £1.8m investment in Firefinch. Firefinch are to be delisted from the ASX due to the shares having been suspended from quotation for 2 years due to the difficulties with its resource in Mali.

Counter-intuitively, this situation looks good for CAPD, as Firefinch's assets of the Morila mine and its 17.6% stake in Leo Lithium are being sold/distributed and should result in a decent payout for CAPD:
Posted at 24/5/2024 08:23 by rivaldo
I was at Mello yesterday, where Rockwood Strategic were presenting via the excellent Richard Stavely.

Reviewing their portfolio, he unveiled a new holding...CAPD!

CAPD now represent 3.2% of their portfolio.

They believe the market has missed the fact that Chrysos could be generating £10m+ profit on its own.

He also noted that CAPD were nicely cash-generating and that its kit/rigs backs up most of the m/cap on its own (there's $209m of PPE on the balance sheet).

EDIT - forgot that Rockwood featured CAPD for the first time in their most recent factsheet! But good to see CAPD highlighted at such a public forum.
Posted at 25/3/2024 16:53 by otemple3
Awale flying today, up another 88% on my watchlistWish we had a larger holding / CAPD share price could have a day like that.....
Posted at 15/3/2024 10:41 by gb904150
People don't like the gold portfolio because it's not really valued in the CAPD share price.

But part of the reason is because we've been in a miners bear market for several years, especially gold miners. Look at the GDXJ chart!

Right now PM's are breaking out and people are taking an interest in gold miners again.

At some point the value in that gold portfolio will be realised - first via higher valuations and eventually via exits on those positions.

That should lead to some special divis or buybacks because they absolutely can't justify ploughing more money into capex than they already are.

I think CAPD will just get taken private within the next year anyway...but I hope we get to realise some of the portfolio investments and return value to SH's first.

The good insider ownership - Jamie Boyton 10% / Brian Rudd 6% should help ensure it only gets sold if a decent offer is made.

In the meantime.....small divis mean you're paid to wait.
Capital share price data is direct from the London Stock Exchange

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