Capital Share Discussion Threads

[gleach23] 12/12/2016 09:53

Only 3750 share available to buy online currently @51p...poised to retest new highs?

[rivaldo] 15/11/2016 12:17

Yep, new highs now.

[gleach23] 14/11/2016 19:16

Great to see buying @ 54p today - let's hope the 10k towards the close gives us some momentum going into tomorrow to break the recent high and enter new territory.

[thorpematt] 10/11/2016 13:21

Damn right that COPA chart is lovely :-)

[valhamos] 09/11/2016 17:57

The recent strength in copper is also helping.

[rivaldo] 09/11/2016 12:32

Nice to see some blue against a sea of small cap red - presumably up given the rising gold price as a safe haven.

[lord gnome] 04/11/2016 14:47

A couple of humongous trades just gone through. Looks like a 'put through'. What's that all about, I wonder?

[lord gnome] 31/10/2016 11:07

In with a few this morning. High yield plus capital growth opportunity. Also a good hedge against further falls in the value of the £ and Brexit machinations.

[runwaypaul] 27/10/2016 12:04

joined the bulls here gl

[rivaldo] 26/10/2016 14:57

Analyst comment:

http ://www.proactiveinvestors.co.uk/companies/news/167994/capital-drilling-enjoys-upswing-in-rig-demand-167994.html

"House broker finncap said the firm's current valuation offered strong appeal, currently trading on a multiple of just 3.8 for enterprise value to EBITDA, which "remains very attractive given the operational gearing to any increase in revenue and market recovery".

It repeated a 70p one-year price target, which offers significant upside. Shares are currently changing hands for 45p - up 0.56% on the day."

[gleach23] 26/10/2016 11:05

Lots of headroom for the fleet utilisation to improve too. Even though they say it traditionally softens in the Dec/Jan period, indications are that it will continue to improve -

Q3 2015 34%
Q3 2016 43%
Oct 2016 48%

Back in 2011 it was 84% in the Q3 update so could be some way to go if market sentiment continues to improve.

[rivaldo] 26/10/2016 07:16

Excellent Q3 trading update just out:



In particular trading has got even better in October with utilisation up to 48%, and a very positive and optimistic outlook going forward.

Perhaps new recent highs coming soon if all goes well.

[gleach23] 20/10/2016 20:51

can't be bad then - well done :)

[spob] 20/10/2016 16:36

i'll take that kind of luck every day of the week :)

130% capital gain and dividends on top

[gleach23] 20/10/2016 15:02

unlucky spob - if the weakness continues you may have a chance of nipping back in ahead of a Q3 update which I think must be due next week

[spob] 20/10/2016 08:50

my profit protection stop loss triggered this morning

had a good run here

[rivaldo] 28/9/2016 11:34

This has to be good news overall. The reason for this move will simply be liquidity - there's no way anyone could sell that many shares in the market. The institutional investors must have been very keen, and as WJ says the directors still have a very large holding here.

Give the way these things work it wouldn't surprise me to see some contract win news at some point later this year.

[valhamos] 28/9/2016 10:44

One always thinks in these situations that there must be an underlying reason for the directors reducing their stake which means the share price is unlikely to increase in the short term. However I believe the last time there was a director placing/sale was when CAPD came to the market in 2010. The price was 61.5p and it proceeded to rise in the following year to over 100p.

[basem1] 28/9/2016 09:19

It's a positive in my opinion and if I get chance of any at 48p I'll take them.

[rhomboid] 28/9/2016 09:12

The money is going to the directors and founder shareholders, so only benefit to other shareholders is increased liquidity but I'm curious as to why now

[gleach23] 28/9/2016 09:09

Hopefully jch18...at least it's not much of a discount.

Edit - thanks WJ. Nothing particularly negative for existing shareholders then? A chance for directors to cash in some of their stake (negative) but this is picked up by institutional demand (positive)

[wjccghcc] 28/9/2016 09:05

It's a secondary placing, the funds are going to the directors, not the company.

The directors currently own 60% which will drop to 43% so it's not as if they won't still have skin in the game, and increasing the institutional shareholder base can only be a good thing.

[jch18] 28/9/2016 08:45

Placing at 48p for 18.5% of company. Institutional demand. Some of the shares are being used to increase liquidity, which is no bad thing. The £12m raised will obviously strengthen the balance sheet further. For a company that has run its finances so well, one hopes that the funds are used prudently.

[gleach23] 22/9/2016 11:01

Great to see renewed buying interest after consolidating at this higher level

[rivaldo] 20/9/2016 14:07

Nice - Finncap have today increased their target price here to 70p (from 50p):