Capital Share Discussion Threads

[knigel] 13/12/2012 21:37

Perhaps a RNS will do?

[bones30] 13/12/2012 21:33

I dont trust the press. We'll see.

[knigel] 13/12/2012 21:09

Great news.. perhaps capd will be back over 20p in the morning!

[bones30] 13/12/2012 20:28

Dont trust the press but...

[knigel] 13/12/2012 16:26

Put my cey profits into here! Win-win imo but might take more time

[pre] 13/12/2012 16:05

...o/t....take a look at QPP...bags of potential upside...dyor etc...

[bones30] 13/12/2012 15:18

Can still buy for 17p. Bit of a falling knife this. Not without risk. DYOR.

[gleach23] 13/12/2012 15:13

good call bones30!

[bones30] 13/12/2012 15:05

I'm wondering if this one, being a SETSqx stock by the looks of it, will start to move after the 3pm auction currently in progress.

[gleach23] 13/12/2012 15:03

Don't think I remember seeing an ADVFN trade screen being so flooded with buys but the price hasnt budged in last couple of hours. Must be a lot of stock to soak up.

What were you basing your clearing overhang comments on Yasz?

[yasz] 13/12/2012 13:13

Heavy Buying - When will the Dam break - buy 50k max now was 250k.

[yasz] 13/12/2012 12:36

Overhang clearing - ready for the bounce ?

[yasz] 13/12/2012 11:53

I understand a holder is being forced to liquidate their position. Looking at the small amount held by shareholders, the position could clear very soon. I have picked up a few - as mentioned previously the fall is overdone.

CEY has already bounced 50 % higher from the low this morning.

[durby] 13/12/2012 11:47

Although CEY is "one of CAPD's lager clients" it is not very clear what percentage of total revenue does CEY contribute towards. The only information we have is Egypt & Tanzania makes 40% of total revenue. There are currently 23 rigs in Egypt and 19 in Tanzania out of the total 90 rigs. So as an approximation, I think Egypt contributes about 25% to 30% of total revenue. So today's fall of appx 40% is overdone. Some of the risks associated with the Eqyptian crisis was already reflected in the market cap prior to today's fall. IMO end of the year, CAPD will still be profitable, albeit about 25 to 30% lower than estimate. So I took the risk and bought a few for the first time here!

[dr contrarian] 13/12/2012 09:38

Useful Summary here -

[horndean eagle] 13/12/2012 09:24

Not sure there is any need to write off the assets. They are not there to be expropriated. I think Egypt and Tanzania is around 40% of operations. You would hope management have been asking CEY to pay the bills in good order given the instability of their operations.

[stegrego] 13/12/2012 08:57

How much of that 90 million is tied up in rigs in Egypt? I'd write those off for starters.

[rivaldo] 13/12/2012 08:49

Hmmm...only £22m m/cap now at 16p. Wondering whether it's time to buy back in given $90m of net tangible assets for starters?

[horndean eagle] 13/12/2012 08:26

Guess it boils down to how quick they can move it and find new customers. No doubt they will have a few issues with debtor balances as well. Can't help.

[horndean eagle] 12/12/2012 08:53

Surprised that with sentiment for mining sector now in full blown bullish mode again that CAPD isn't getting any interest. Fears over Egypt probably not helping but they can probably move the equipment and place it elsewhere without too much trouble. Might have a nibble soon.

[gleach23] 29/11/2012 18:21

FWIW i think those trades today were buys not sells - I was quoted 28.25 to buy on a dummy trade

[greenroom78] 27/11/2012 12:52

Indeed - called sods law.

More likely I will be watching but won't have funds to jump back in.

[ukinvestor220] 27/11/2012 11:59

yes watching with interest ... as soon as your back is turned it will take off !!