Capital Share Discussion Threads

[spudgun668] 17/12/2012 20:08

I was wondering about the Director shareholdings myself whilst researching CAPD this weekend. Morningstar turned up the goods - the dirs hold a considerable number of the shares (57.5%). WShak wrote an excellent post over on TMF - says 66%. I bought in this morning.

[loafingchard] 17/12/2012 12:52

Took a slice today , plenty of value in my eyes , lets hope the dust settles before long on Sukari hill .

[noddy31] 17/12/2012 09:41

Matter of days before CEY mine opens and that'll be the REAL BIG NEWS HERE.

IMMEDIATE UPSIDE 30p+

[kramch] 17/12/2012 09:25

'also bought a few after looking at them this w\e (anything to avoid Xmas shopping). It seems a well run outfit, though they bought a lot of new rigs and expanded management recently. Some talk of margin pressure in the 2011 accounts, but otherwise positive.

I cannot see what the directors' shareholdings are, anyone know?

K.

[rivaldo] 17/12/2012 08:17

Excellent news. I bought some more back around the open. The downside from here is relatively small, but the upside could be a very quick and anything from 25% upwards to a lot more.

[thorpematt] 17/12/2012 00:51

Pretty sure it will be confirmed.

CAPD has a little work to do I think to straighten out some short-term profitablility. I think already cost-cutting has been discussed. I suspect CEY will get the mine running pretty sharp-ish and the financial impact to CAPD will be (for full year at least) quite minimal. There may be some missing of the broker targets for 2012 but nothing as crippling as the share price suggests.

I think we're in that point in the global cycle where things are on the floor. Give it a few years and these mining and mining related stocks will be hideously more expensive.

It's justing having the balls and the patience really (a bit like learning to play golf I suppose)...


I don't even like golf....

[bones30] 16/12/2012 20:45

If true...

[knigel] 16/12/2012 17:12

Good news today for cey. Should rub off here tomorrow

[bones30] 14/12/2012 11:52

Some rather large orders on the bid at 19p should help provide a floor at current level?

Buyer in the market?

[knigel] 14/12/2012 08:57

Yes, I have a target price in mind were I will sell half and keep half but might hang on if reached (s/b back to 25p today and 40p in a month imo)

[knigel] 14/12/2012 08:56

Yes, I have a target price in mind were I will sell half and keep half but might hang on if reached (s/b back to 25p today and 40p in a month imo)

[burnage] 14/12/2012 08:54

Nigel,

No worries, I'm a buyer here for sure.

With or without CEY, this is way over sold.

[thorpematt] 14/12/2012 08:45

It's never that easy to follow with acuracy the events in Egypt.

The translation issues don't help and the political situation provides difficulties since different comentators tend to put their spin on events.

Additionally a governement minister's statement is presently not being seen as a 100% cast guarantee of future events.

So CEY is a difficult one to play BUT the way I see it Egypt needs too keep things running (in its own interest) and so does CEY. So long and short is I don't see the mine at Sukari being out for long and I don't see it affecting the full year revenue that significantly for CAPD.

Main thing for me with CAPD is that whilst it has been throwing off about $10m in cash profit it has been using about $15m cash in expansion. I think that if revenue rises then added gearing is fine but if it shrinks then the questions get raised (which is why the share price is on the floor).

Again I see that as short-sighted but the market doesn't like those type of questions.

[knigel] 14/12/2012 08:41

Burnage, CAPD waiting for another update from CEY - then another re-rate will happen so still time to get in imo

[burnage] 14/12/2012 08:39

David,

agreed - market for small caps atm is very irrational with plenty of bargains out there.

CAPD should not have fallen this low and should not be so correlated to CEY's woe's given that CAPD is far more diversified with it's revenue stream.

That sort of %age revenue should not have knocked the share price this much from the circa 60-80p we were just a few weeks ago.

In consideration, we should probably be at circa 35-40p in light of recent CEY news.

As I said, irrational markets.

[snatander] 14/12/2012 08:37

it doesnt say drilling resumed

[david_99] 14/12/2012 08:26

CAPD would clearly be the main benificery here on todays news - probably more so that CEY itself.

We're down from 60p due to the CEY shannanigans, even tho, as mentioned by a sensible poster yesterday that the Egypt constituent only really accounts for ~25% (ish) of CAPD's revs, so the fall is completly out of kilter.

SP is being offered at a huge discount.

[thelongandtheshortandthetall] 14/12/2012 08:24

great stuff

[knigel] 14/12/2012 07:59

Yes good news, while everyone piles into CEY I will add to CAPD...

[greenroom78] 14/12/2012 07:48

CEY have RNSed the fuel news


They now await news on exporting gold so they have sufficient working capital to start ops again. Certainly an improvement on yesterday.

[valhamos] 13/12/2012 22:00

Good news if the press report about the diesel dispute being resolved is true. But we still have the second issue of a gold shipment being held up by customs officials?

[valhamos] 13/12/2012 21:56

I've been wrong before on this share - the following springs to mind "Increased my holding here by 50% today. I may have got the timing wrong but these prices were getting crazy - hard not to resist." post 233 9 October - but the fall seems to be an over-reaction.

As pointed out above there are 23 rigs in Egypt but as well as Centamin this number includes the Shalaten project (AngloGold Ashanti). But assuming 20% of the CAPD total rigs are affected they could have the rigs idle in a worst case scenario, incur the depreciation yet lose 20% of gross profit and still make a small profit overall.

Yet the company is valued at only 40% net assets - so I bought more today.

[anne55] 13/12/2012 21:38

Centamin - Toronto closed a cent or two higher than before the news. Either they didn't see it or they don't believe it but only 5m shares traded today - so no impact.