Capital Share Discussion Threads

[deanowls] 09/3/2013 10:07

Full year results due on the 18th, should hopefully provide more impetus going forward with the reduced Capex this year should see this continue to climb back to previous levels.

[rivaldo] 05/3/2013 12:39

News of successful nickel drilling in Tanzania by CAPD:



"IMX Reports Significant New Nickel Sulphide Intersections at Its Ntaka Hill Project

MENAFN - - 3/3/2013 4:31:00 PM"

"The drilling was completed by Capital Drilling (Tanzania) Limited."

[pjhutchy] 04/3/2013 19:19

Lots of selling recently. May pull back if mining companies continue to fall

[cool hand kev] 22/2/2013 12:49

yep mostly sale's but the share price ticks up
I did notice 3 x 10k buys late yesterday (not much really)

[quemaster] 22/2/2013 12:16

Feels like there is a buyer in the background, as the rise dose not reflect the recent trades.

[cool hand kev] 22/2/2013 11:42

nxt leg up? but low volume

[gconvery] 20/2/2013 15:40

Almost all sells today yet we are slightly up...must be a big buy being worked in the background....maybe that institutional investor buying on the dip

[cool hand kev] 18/2/2013 13:48

Big shake today?

[thorpematt] 16/2/2013 20:51

I wont be sharing my valuation spreadsheet with you all since:-

a)It stupidly complex and it needs silly amounts of explanation.
and
b)It's boring.

BUT these are MY basic bottom lines, taken from the last set of numbers (I don't guarantee the maths are 100% right BTW:

EV AS % OF NAV 291.86% VALUE
TOTAL DEBT AS % NAV 50.03% SOLVENCY
NET CASH (DEBT) AS % OF NAV -24.49% SOLVENCY
CASH GEN AS % OF TOTAL DEBT 73.75% SOLVENCY
PBT CONVERTED TO OP CF (AFT. EXC.) 99.25% CASH RATIO
RATIO EV / EBIT 7.85 PROFIT RATIO
RATIO EV / NPAT 8.69 PROFIT RATIO

The above are the KEY numbers I use for fundamental analysis of all stocks I buy.

Now for the un-initiated, the only one that doesn't say massively cheap is the NAV vs EV. Essentially if you understand that this is due to gearing, plus the concept that we are a multi-national business based NOT upon bricks and mortar, then you'll see where we're at.

Debt/ gearing is easily manageable provided utilisation rates are sensible. Given the drilling fleet is so new by industry standards the issue of reducing cap-ex if needed is not an issue.

Cash-flow is key for me in all stocks and here the conversion is exceptional.

TRUE profit ratios (I strip out investment income and look at cash profits) versus the EV value, not just the SP) are excellent.

It's a small cap by multi-national standards so I'm not looking for growth stock PEs but the ratios here are just too small given the foundations which are here for future growth. Growth which has been pretty well the sustained story for a number of years despite the well published issues of late.

For me I want a "picks and shovels" stock in the portfolio. I want to play the inevitable global growth story that is mining over the coming years. This is my pick.

[noddy31] 15/2/2013 14:26

Kev: Me thinks theirs 15-20% in CEY in the next 5 days. Once CEY spike, i will put some in here.

Can't afford to be in both.

[cool hand kev] 15/2/2013 11:18

noddy31: Ha Ha I was thinking switching my CEY to CAPD
These might end blue

[drunken monkey] 15/2/2013 11:18

Topped up @ 44p

[mirabeau] 15/2/2013 11:13

I believe there's at least 100p in these over the next 8-12 months. They only have to secure a couple more contracts to exceed their budgeted revenues for 2013.

[noddy31] 15/2/2013 10:16

I think i might move some of my CAPD profits to CEY.

Court case should be heard and concluded on 20th Feb.

Everything looking very favourably for CAPD and CEY.

More upside on CEY in the next 5 days.

[mirabeau] 15/2/2013 08:18

Price sat on 200EMA with 50p as resistance to overcome

[noddy31] 14/2/2013 23:22

Profit takers might slow this down for a few days.

Should get a chance to add a few more in the low 40's.

[mirabeau] 14/2/2013 13:13

Profit taking was inevitable at some point but always necessary to remove the less committed and attract new investors with a more longer horizon

[cool hand kev] 14/2/2013 11:34

bid was 48.5 but they would only offer 47.5 for about 10k
It's ok I can wait. Isn't that against the trades description act?
Quoting 1 price and then giving a cheaper price

[cheshire man] 14/2/2013 10:51

Times today,,,,,,,,hungery Institutional buyer in the market.........please confirm that report for yourself 'tho,,,,,,,,

[mirabeau] 14/2/2013 10:29

Broke through 200-EMA for the first time since early last year. We might see some resistance around this area upto 55p

[mirabeau] 14/2/2013 09:55

I think momentum alone will push it through 50p with ease