Share Name Share Symbol Market Type Share ISIN Share Description
Capital Drill LSE:CAPD London Ordinary Share BMG022411000 COMM SHS USD0.0001 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 38.00p 37.00p 39.00p 38.50p 38.00p 38.00p 55,752 14:00:02
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 75.6 -0.8 -2.9 - 51.39

Capital Drilling Share Discussion Threads

Showing 1001 to 1024 of 1025 messages
Chat Pages: 41  40  39  38  37  36  35  34  33  32  31  30  Older
DateSubjectAuthorDiscuss
11/10/2017
17:12
Just the share price Gleach! Looking forward to trading update though a takeover would be nice before that ;0)
runthejoules
11/10/2017
15:48
Any timeline on the Tanzanian tax claim resolution?
bmw30csl
06/10/2017
14:05
What makes you say that runthejoules? Anything in particular or just the SP? In my view, and it's only a view, tempting though it is to top up at what seems a sold off share price situation that one would hope factors in the Tanzania effect, I don't fancy taking on the extra risk at this point. There appears to have been some lumpy offloading in recent days but the share price seems to be holding up so far. Rather, if there is a negative announcement which causes the share price to drop I would see that as an ideal time to top up. Q3 Trading Update due in the last week of Oct.
gleach23
06/10/2017
08:51
More trouble in Tanzania?
runthejoules
25/9/2017
12:43
Thanks rivaldo...good to see that Russ Mould reads Shares mag! However I think he means shares fell by a third, not two thirds.
gleach23
22/9/2017
14:08
Can't be much wrong then.
lord gnome
22/9/2017
12:49
Quite huge DIR buy RNS just now - 145k shrs. Good man! f
fillipe
12/9/2017
13:59
Thanks Rhomboid. And that's why it's cheap at the moment. Hope it's resolved soon but I think I should have stayed tf out of Africa though.
runthejoules
11/9/2017
15:03
I think it's the Tanzania goings on at Petra diamonds "Petra confirms that a parcel of diamonds (71,654.45 carats) from the Williamson mine in Tanzania has been blocked from export to Petra's marketing office in Antwerp and certain key personnel from Williamson are currently being questioned by the authorities. However the grounds upon which these actions have been taken have not been formally made known to the Company as yet. The Williamson mine is held 75% by Petra and 25% by the Government of the United Republic of Tanzania (the "Government"), and Petra confirms that all operations related to the mine are conducted in a transparent manner and in full compliance with legislation in Tanzania and the Kimberley Process. The Government has complete oversight of the diamonds produced at the mine, which are physically controlled by a number of different Government representatives in conjunction with Petra from the point of recovery until the point of sale. Petra is not responsible for the provisional valuation of diamond parcels from Williamson before they are exported to Antwerp; this is carried out by the Government's Diamonds and Gemstones valuation agency. This provisional valuation is used to calculate the Company's provisional royalty payments to the Government, however adjustments to final royalty payments based on the actual sales proceeds for the diamonds, once sold in Antwerp, are then made at the end of the tender process. The competitive open tender process utilised by Petra is also used by several other diamond mining companies and has a proven track record of transparent price discovery. The following documentation relating to the aforementioned parcel can be viewed on the Company's website at www.petradiamonds.com/our-operations/our-mines/williamson/diamond-parcel-documentation: · the Diamond Valuation Certificate issued by the Ministry of Energy and Minerals in Tanzania; · the Kimberley Process Certificate; · the Company's invoice for shipment purposes; and · the receipts confirming the Company's payment of the provisional royalty and associated fees relating to the diamond parcel. Petra is committed to engagement with the Government in order to resolve this matter and ensure that the correct information is available to all parties. The Company will be in a position to address any other concerns raised by the findings of the parliamentary investigation once it has received a copy of the report. As a result of the aforementioned key personnel cooperating with the authorities on this matter, operations at Williamson have temporarily been stopped for health and safety and security reasons. The Company will provide an update on this matter in due course." Makes it clear what a hostile political environment Tanzania is where CAPD earn c half their profits
rhomboid
11/9/2017
14:18
wHOAH Down a fair bit there, anyone know the reason?
runthejoules
11/9/2017
14:18
wHOAH Down a fair bit there, anyone know the reason?
runthejoules
06/9/2017
09:12
Thanks for that rivaldo. Nice 275k of chunky buys @ 44p this morning :)
gleach23
05/9/2017
15:35
From Proactive Investors today - not surprised to see CAPD suggested as a takeover target: "Commenting on what should finally be a done deal, AJ Bell investment director, Russ Mould, said: "The reverse takeover will be transformational to AVEVA and create a leader in industrial software, which will be able to better compete on a global scale." Mould also took the opportunity of another British company falling to a foreign predator in the wake of the pound’s plunge after last year’s Brexit vote to suggest a few other potential takeover target. The investment director highlighted luxury fashion house Burberry PLC, broadcaster ITV PLC, two precision engineers – Spectris PLC and Renishaw PLC – plus mining services group Capital Drilling Ltd and palm oil producer MP Evans PLC all as likely takeover targets. " "Capital Drilling could be targeted after share price slide Capital Drilling Ltd (LON:CAPD) has seen its value take a hit this year after the Tanzanian government adopted tougher mining regulations to try and squeeze more cash out of the miners operating in the country. Two of Capital’s biggest customers, including Acacia Mining PLC (LON:ACA), have been affected which is part of the reason that the drilling services group expects full-year revenues to now be at the lower end of guidance. “The plunge from nearly 65p to barely 40p could prove overdone,” claims Mould. “Two of Capital Drilling’s Tanzanian contracts relate to mines unaffected by the new rules and the firm is still very busy in Mauritania, Mali and Egypt. “The company’s balance sheet is net cash, rig utilisation rates are still high and the consensus analysts’ forecasts suggest the valuation is low enough to potentially tempt a predator.”
rivaldo
04/9/2017
22:40
Thanks rhomboid. Good recovery by Acacia today I notice. Off around 10% at the open and just 2% by the close.
gleach23
04/9/2017
22:24
I'm guessing that some are selling in response to Acacia news? httpS://www.investegate.co.uk/acacia-mining-plc--aca-/prn/intention-to-reduce-operational-activity-at-bul---/20170904070000P6E3D/ It sounds like Tanzania gov is still on a mission..
rhomboid
04/9/2017
21:24
Only fair to mention what appear to be sales after the bell today - one of 50k and another of 32k, both @ 42.5.
gleach23
03/9/2017
21:53
Just noticed a nice 35k UT trade was reported after the bell on Friday @ 44p - will hopefully bode well for the coming week.
gleach23
25/8/2017
13:55
This is from Energold (canadian driller) quarterly earnings call yesterday. "We did have some strong interest in some programs in East Africa. Unfortunately, the very recent decision against Acacia by the Tanzanian Government has discouraged a lot of the work that we have booked in East Africa. So, we spend actually more than an inordinate amount of time moving rigs back and forth, chasing the contract." Fred Davidson tells it how it is better than most CEOs
kinbasket
24/8/2017
20:11
wow £70k's of shares traded...top stock this...mid caps get more than that in a single trade!
deanroberthunt
24/8/2017
17:41
Valhamos...thanks for pointing out that important distinction. Yes the article talks in general terms about the government in Tanzania trying to extract more money from mining companies 'through various means' and cites the ban on exporting unprocessed ore earlier this year as an example. It says other mines producing dore bars are unaffected so presumably CAPD deals with this latter group. The article doesn't mention the July development which is surprising given CAPD's openness per RNS and would therefore appear to be overlooking this risk.
gleach23
24/8/2017
16:20
Them Tanzanian boys work pretty fast, if only it were like the Egyptian legal system!, I expect they will align with a connected local for a slice of the tans business which if they move fast would actually give them opportunities as first movers if the ban comes in full force.
deanowls
24/8/2017
16:13
"particularly as its 2 Tanzania contracts involve drill work on mines unaffected by gov's new rules" presumably the "new rules" being referred to here is the Tanzania government's ban dated 3 March 2017 on the export of metallic mineral concentrates which affects Acacia's two other mines (not North Mara where CAPD operates which does not export mineral concentrates - AngloGold Ashanti's Geita mine is likewise unaffected). However these Tanzanian contracts are affected by the legislation in July concerning local Tanzanian shareholding in the mining sector and the exact implications are still being considered.
valhamos
24/8/2017
15:58
The key issue is Acacia apart we don't know what corporate structure they'll need to adopt for Tanzania & what they'll lose in profits as result, until that is clarified c. Half of half the profit is in jeopardy, I sold my last slug at 36.5 so I'm naturally out of step with the market in my risk aversion 🙄It's a good business in a v difficult part of the world.
rhomboid
24/8/2017
15:52
The article was more balanced than my snippets might suggest - I only picked out what I thought hadn't been discussed on this board previously. They did also mention that some downgrade in share price was warranted as additional work in Tanzania may be harder to come by in the near future as miners could be cautious about spending until there is a resolution with the gov. I'm also conscious of rhomboid's comment that Tanzania represents 40% of CAPD's revenue, although the article did echo your comment rivaldo about them plenty of work in the very same 3 countries that you mentioned. Maybe someone at Shares reads this board? :)
gleach23
Chat Pages: 41  40  39  38  37  36  35  34  33  32  31  30  Older
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