Capital Share Discussion Threads

[kinbasket] 19/10/2017 13:57

Little known fact. Fumbuka Ng'wanakilala is Kiswahili for John Redwood.

[bmw30csl] 19/10/2017 12:45

i like this one but obviously needs some resolution in Tanzania but for now to keep getting debt down is key.

[mfhmfh] 19/10/2017 11:54

I'm still here.

'Market conditions have continued with the positive momentum in 2017 and shown further signs of strength in this current quarter."

finnCap re-iterate 109p target price.

[bmw30csl] 19/10/2017 09:39

God no one here at all!

[runthejoules] 11/10/2017 17:12

Just the share price Gleach! Looking forward to trading update though a takeover would be nice before that ;0)

[bmw30csl] 11/10/2017 15:48

Any timeline on the Tanzanian tax claim resolution?

[gleach23] 06/10/2017 14:05

What makes you say that runthejoules? Anything in particular or just the SP?

In my view, and it's only a view, tempting though it is to top up at what seems a sold off share price situation that one would hope factors in the Tanzania effect, I don't fancy taking on the extra risk at this point. There appears to have been some lumpy offloading in recent days but the share price seems to be holding up so far. Rather, if there is a negative announcement which causes the share price to drop I would see that as an ideal time to top up.

Q3 Trading Update due in the last week of Oct.

[runthejoules] 06/10/2017 08:51

More trouble in Tanzania?

[gleach23] 25/9/2017 12:43

Thanks rivaldo...good to see that Russ Mould reads Shares mag! However I think he means shares fell by a third, not two thirds.

[lord gnome] 22/9/2017 14:08

Can't be much wrong then.

[fillipe] 22/9/2017 12:49

Quite huge DIR buy RNS just now - 145k shrs.
Good man!

f

[runthejoules] 12/9/2017 13:59

Thanks Rhomboid. And that's why it's cheap at the moment. Hope it's resolved soon but I think I should have stayed tf out of Africa though.

[rhomboid] 11/9/2017 15:03

I think it's the Tanzania goings on at Petra diamonds

"Petra confirms that a parcel of diamonds (71,654.45 carats) from the Williamson mine in Tanzania has been blocked from export to Petra's marketing office in Antwerp and certain key personnel from Williamson are currently being questioned by the authorities. However the grounds upon which these actions have been taken have not been formally made known to the Company as yet.

The Williamson mine is held 75% by Petra and 25% by the Government of the United Republic of Tanzania (the "Government"), and Petra confirms that all operations related to the mine are conducted in a transparent manner and in full compliance with legislation in Tanzania and the Kimberley Process. The Government has complete oversight of the diamonds produced at the mine, which are physically controlled by a number of different Government representatives in conjunction with Petra from the point of recovery until the point of sale.

Petra is not responsible for the provisional valuation of diamond parcels from Williamson before they are exported to Antwerp; this is carried out by the Government's Diamonds and Gemstones valuation agency. This provisional valuation is used to calculate the Company's provisional royalty payments to the Government, however adjustments to final royalty payments based on the actual sales proceeds for the diamonds, once sold in Antwerp, are then made at the end of the tender process. The competitive open tender process utilised by Petra is also used by several other diamond mining companies and has a proven track record of transparent price discovery.

The following documentation relating to the aforementioned parcel can be viewed on the Company's website at www.petradiamonds.com/our-operations/our-mines/williamson/diamond-parcel-documentation:
· the Diamond Valuation Certificate issued by the Ministry of Energy and Minerals in Tanzania;
· the Kimberley Process Certificate;
· the Company's invoice for shipment purposes; and
· the receipts confirming the Company's payment of the provisional royalty and associated fees relating to the diamond parcel.

Petra is committed to engagement with the Government in order to resolve this matter and ensure that the correct information is available to all parties. The Company will be in a position to address any other concerns raised by the findings of the parliamentary investigation once it has received a copy of the report.

As a result of the aforementioned key personnel cooperating with the authorities on this matter, operations at Williamson have temporarily been stopped for health and safety and security reasons. The Company will provide an update on this matter in due course."

Makes it clear what a hostile political environment Tanzania is where CAPD earn c half their profits

[runthejoules] 11/9/2017 14:18

wHOAH Down a fair bit there, anyone know the reason?

[runthejoules] 11/9/2017 14:18

wHOAH Down a fair bit there, anyone know the reason?

[gleach23] 06/9/2017 09:12

Thanks for that rivaldo. Nice 275k of chunky buys @ 44p this morning :)

[rivaldo] 05/9/2017 15:35

From Proactive Investors today - not surprised to see CAPD suggested as a takeover target:

"Commenting on what should finally be a done deal, AJ Bell investment director, Russ Mould, said: "The reverse takeover will be transformational to AVEVA and create a leader in industrial software, which will be able to better compete on a global scale."

Mould also took the opportunity of another British company falling to a foreign predator in the wake of the pound’s plunge after last year’s Brexit vote to suggest a few other potential takeover target.

The investment director highlighted luxury fashion house Burberry PLC, broadcaster ITV PLC, two precision engineers – Spectris PLC and Renishaw PLC – plus mining services group Capital Drilling Ltd and palm oil producer MP Evans PLC all as likely takeover targets. "

"Capital Drilling could be targeted after share price slide

Capital Drilling Ltd (LON:CAPD) has seen its value take a hit this year after the Tanzanian government adopted tougher mining regulations to try and squeeze more cash out of the miners operating in the country.

Two of Capital’s biggest customers, including Acacia Mining PLC (LON:ACA), have been affected which is part of the reason that the drilling services group expects full-year revenues to now be at the lower end of guidance.

“The plunge from nearly 65p to barely 40p could prove overdone,” claims Mould.

“Two of Capital Drilling’s Tanzanian contracts relate to mines unaffected by the new rules and the firm is still very busy in Mauritania, Mali and Egypt.

“The company’s balance sheet is net cash, rig utilisation rates are still high and the consensus analysts’ forecasts suggest the valuation is low enough to potentially tempt a predator.”

[gleach23] 04/9/2017 22:40

Thanks rhomboid. Good recovery by Acacia today I notice. Off around 10% at the open and just 2% by the close.

[rhomboid] 04/9/2017 22:24

I'm guessing that some are selling in response to Acacia news?



It sounds like Tanzania gov is still on a mission..

[gleach23] 04/9/2017 21:24

Only fair to mention what appear to be sales after the bell today - one of 50k and another of 32k, both @ 42.5.

[gleach23] 03/9/2017 21:53

Just noticed a nice 35k UT trade was reported after the bell on Friday @ 44p - will hopefully bode well for the coming week.

[kinbasket] 25/8/2017 13:55

This is from Energold (canadian driller) quarterly earnings call yesterday.

"We did have some strong interest in some programs in East Africa. Unfortunately, the very recent decision against Acacia by the Tanzanian Government has discouraged a lot of the work that we have booked in East Africa. So, we spend actually more than an inordinate amount of time moving rigs back and forth, chasing the contract."

Fred Davidson tells it how it is better than most CEOs

[deanroberthunt] 24/8/2017 20:11

wow £70k's of shares traded...top stock this...mid caps get more than that in a single trade!