Capital Share Discussion Threads

[gleach23] 17/5/2013 07:18

Perhaps not! A pretty grim update...

[gleach23] 16/5/2013 16:17

trading updates have been on 17th may last 2 years...chunky trades today and now a tick up...I topped up on yesterday so let's hope it bodes well!!

[deanowls1] 15/5/2013 13:51

Just took another 12000

[valhamos] 15/5/2013 12:09

price gradually falling into my top-up range

[deanowls] 11/5/2013 07:28

Pauly Pilot mentioned that the PR of CAPD were raving about them to him at a function, if you read this PP is there anything of note there?

I cant see any news due to move this upwards so maybe drift down until there is clarification one way or the other regards CEY, being as this is only 25% of the business I would say this others an oppertunity over the medium to long term however if they employ a PR firm what are they doing to get this going?

[valhamos] 31/3/2013 23:13

El1te - What's your source for the the comment that Centamin accounts for over 30% of revenue?

In the statement of 23 October, Egypt and Tanzania combined accounted for approximately 40% of revenues. There are 17 rigs in Tanzania and 25 rigs in Egypt. As well as Centamin in Egypt, CAPD also works with AngloGold Ashanti. Therefore over 30% just for Centamin seems on the high side.

[el1te] 30/3/2013 20:50

Capital Drilling - A Mixed Bag

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Best of Luck with your investments and have a good Easter,
El1te

[hedgehog 100] 30/3/2013 16:06

For any newcomers to CAPD, please note the following thread which may be of interest: "Mining Services Companies: 'Picks & Shovels' Plays" -



In fact, a couple of days ago I posted about a useful interview with North American mining guru John Kaiser last month, which I believe reinforces the attractions of mining services companies.

[technofiend] 20/3/2013 18:21

From what I understand the Sukari mine is now allowed to run as normal while the appeal process continues. So while the news is not conclusive it appears to be very positive for CAPD.

[thepopeofchillitown] 20/3/2013 17:48

Down she goes

[drewz] 20/3/2013 09:40

And up she goes!

[mirabeau] 20/3/2013 09:37

News at CEY. + so far for CAPD

[rivaldo] 18/3/2013 15:35

New presentation FYI:



The Outlook page states "Earnings underpinned by existing clients and operations. Tendering on new contracts expected to impact H2 2013", i.e any contract wins should benefit CAPD from this coming H2.

[rivaldo] 18/3/2013 14:05

The most interesting part of the interims for me was that despite the comments about the economic outlook, utilisation etc the CEO felt able to comment that "As we commence 2013 we are cautiously optimistic of an improved performance".

Better than historic 7p EPS would make CAPD pretty cheap.

In particular, the $24.1m net cash generated from operating activities and $37.9m operating profit before working capital compare rather nicely with the $14.1m reported PAT.

We know that cap ex should be drastically reduced this year, so cash roll in from hereonin. And receivables, which grew roughly in line with turnover, should also improve given the comment about " the timing of period end cash collections".

It's also worth noting that with $74m of PPE and $95m of net tangible assets, the TNAV equates to around 70c per share on 135m shares in issue.

[technofiend] 18/3/2013 13:29

Entirely as expected.

Revenues were up also. The minor blip from CEY's troubles is entirely possible to overcome over the next year.

Markets appear to be waiting until CEY court result on Wednesday.

[deanowls] 18/3/2013 08:04

Growth is a bonus, reduced capex will push the ebit higher in the next year, along with the expansion (fingers crossed at centamin) should be good, hopefully and there is no clue in the results the mines that reduced operation at the end of the year have they picked up?

[drewz] 18/3/2013 07:48

Far too cheap at 41p!

Factor in growth and 80p would be nearer the mark!

[valhamos] 18/3/2013 07:43

Results out. A profit of $14.1m means 7p eps and a P/E of 5.8 - current year should be better. Still cheap, too cheap imo.

[thepopeofchillitown] 18/3/2013 07:42

Ok results overall however based on current share price very strong. Ok outlook too.

[deanowls1] 15/3/2013 04:21

Results due on Monday.

[pjhutchy] 14/3/2013 19:47

Looks like we may fall further if gold carries on declining