Capital Share Discussion Threads

[thepopeofchillitown] 14/2/2013 09:44

50p today?

[drewz] 14/2/2013 09:40

Not just egotistical drama queens, but often also thick-as-a-plank egotistical drama queens!

No wonder stocks are so often so badly mispriced.

Yes there are some astonishingly bright, very astute fund managers, but some of these hedge fund wide boys who have proliferated in number over the past decade are beyond the pale. And mostly utterly useless, which is why so many hedge funds are closing down. Apparently.

[cool hand kev] 14/2/2013 08:53

The Market nearly always over reacts run by a bunch of Egoistical drama Queens
IMHO

[rivaldo] 14/2/2013 08:46

This just shows how wrong the market can be - CAPD got hammered to almost a third of its tangible NAV, let alone anything else, yet here we are 200% higher in just two months and with the potential for much more to come. Bizarre really.

[gconvery] 14/2/2013 08:25

Interesting...so we should get notification soon who that is....nice to see continued strength this morning....would like to see more volume though

[mirabeau] 14/2/2013 08:23

What exactly is 'singe hungry'? I suspect it means buying stock that's been hammered

[kimboy2] 14/2/2013 08:20

Report in the Times today;

...Capital Drilling which provides services to miners, improved a further 14.2% to 45.25p on the back of a single hungry institutional buyer.

[cool hand kev] 14/2/2013 08:17

50p today?

[mirabeau] 13/2/2013 23:28

Pointing to significant potential for further reserve growth, the company stated that there were "numerous indications of high grade zones awaiting drilling as development improved access".

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There's plenty more drilling to do for Centamin at Sukari, 'awaiting drilling' being the pertinent phrase

A huge ramp up in production will require a ramp up in capex and that means a busy time for CAPD in Egypt

The issue of the licence at Sukari will take quite a while as it works its way through the Egyptian legal system which by all accounts is turgidly slow and bureaucratic. In the meantime CEY have govt backing to carry on as normal

All very positive indeed

[valhamos] 13/2/2013 21:19

Masurenguy - similar here; average of 42p so nice to be in profit. I started buying 2 years ago (SCSW tip) prices range from 99.9p down to 16p. Looking for 65p before thinking of off-loading any and given time even the 99.9p buy will be profitable.

[cool hand kev] 13/2/2013 19:19

So was that 250,000 @ 39 late trade a sell?
Hoping for a slight pull back in the morning so I can get in
for a bit more

[masurenguy] 13/2/2013 17:15

Nice volume and price rise today, probably triggered by some positive developments with Centamin. I'm averaged in here at 41p so I'm now back into profit.

[cool hand kev] 13/2/2013 15:13

And there are still buyers

[kirk2] 13/2/2013 15:01

this looks very promising

[mirabeau] 13/2/2013 14:59

This has got 50p written all over it and then slight resistance encountered

[rivaldo] 13/2/2013 14:49

Exactly Mirabeau.

It's also worth remembering that the share price has only now just gone above tangible NAV per share, let alone valuing the continuing profit stream.

[mirabeau] 13/2/2013 14:35

'We have also received confirmation of drilling activities from clients representing approximately 90% of our forecast revenue for 2013. The balance of confirmations are expected in 1H 2013 as the current tenders conclude and are re-tendered for the year ahead. Furthermore, operations at the Sukari Gold mine in Egypt resumed in late December and are performing to the Group's expectations since the beginning of 2013. Finally, the tendering market remains strong, with significant opportunities in East and West Africa, as well as in Latin America.

The Group remains conservatively geared with net debt to equity of 22% as at December 31, 2012, a clearly defined growth and maintenance capital expenditure plan, and is comfortably within all banking covenants. We have commenced a range of cost savings initiatives to further strengthen the business and balance sheet and will provide further updates on progress as the year progresses.'

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Just those 2 paragraphs alone fill you with a nice warm glow of deep optimism. I've been flitting in and out of stocks for months making a bit and losing a bit but I know feel comfortable with CAPD

Low debt levels are always a welcoming sight on a company's balance sheet

Significant opportunities to be exploited as well in Africa and Lat. America

[cheshire man] 13/2/2013 14:29

Doing well now I see :-)

[drewz] 13/2/2013 14:20

So what's the consensus here for fair value going forward as this re-rates to reflect more equable trading conditions: 60p? 80p? 100p?

[blackbear] 13/2/2013 13:14

bought mine for 16p what a steal..