Share Name Share Symbol Market Type Share ISIN Share Description
Capital Drilling Limited LSE:CAPD London Ordinary Share BMG022411000 COMM SHS USD0.0001 (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  -3.00 -4.44% 64.50 187,198 10:36:26
Bid Price Offer Price High Price Low Price Open Price
63.00 66.00 67.50 64.50 67.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 86.58 11.00 5.81 10.5 88
Last Trade Time Trade Type Trade Size Trade Price Currency
13:11:07 O 750 65.00 GBX

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Date Time Title Posts
02/6/202012:19CAPITAL DRILLING : global minerals industry services provider28
21/5/202009:16Capital Drilling -For Mineral & Mining Exploration1,593
14/11/201308:29*** Capital Drilling ***40

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Capital Drilling Daily Update: Capital Drilling Limited is listed in the Support Services sector of the London Stock Exchange with ticker CAPD. The last closing price for Capital Drilling was 67.50p.
Capital Drilling Limited has a 4 week average price of 56.50p and a 12 week average price of 28.60p.
The 1 year high share price is 74.50p while the 1 year low share price is currently 28.60p.
There are currently 136,248,953 shares in issue and the average daily traded volume is 164,003 shares. The market capitalisation of Capital Drilling Limited is £87,880,574.69.
rivaldo: CAPD's investment in PDI is looking even better as PDI's share price is rocketing upwards. It's now at 0.1 $AUD, up from 0.074 in the thread header post. So CAPD's stake is now worth $9m $AUD, or almost £5m - around 5.4% of the m/cap on its own....
rivaldo: Stockopedia loves CAPD...... Https:// "Could quality and value be the key for shares in Capital Drilling? Wed 10:07am by Michael Green Good shares at cheap prices are what the very best investors look for. At this time of economic turmoil and market volatility, could Capital Drilling (LON:CAPD) be one of them? When it comes to the proven drivers of stock market profits, "good" and "cheap" is the best blend of quality and value that you can get. Research shows that poor quality, expensive shares tend to underperform - but high quality, cheap shares can deliver stunning profits. The Capital Drilling share price has moved by 4.46% over the past three months and it’s currently trading at 61.49. The good news is that it scores well against some important financial and technical measures. It's a large-cap share with strong exposure to high quality and a relatively cheap valuation. One of the stand out quality metrics for Capital Drilling is that it passes 8 of the 9 financial tests in the Piotroski F-Score. The F-Score is a world-class accounting-based checklist for finding stocks with an improving financial health trend. A good F-Score suggests that the company has strong signs of quality. Fair price While quality is important, no-one wants to overpay for a stock, so an appealing valuation is vital too. With a weaker economy, earnings forecasts are unclear right across the market. But there are some valuation measures that can help, and one of them is the Earnings Yield. Earnings Yield compares a company's profit with its market valuation (worked out by dividing its operating profit by its enterprise value). It gives you a total value of the stock (including its cash and debt), which makes it easier to compare different stocks. As a percentage, the higher the Earnings Yield, the better value the share. A rule of thumb for a reasonable Earnings Yield might be 5%, and the Earnings Yield for Capital Drilling is currently 20.5%. In summary, good quality and relatively cheap valuations are pointers to those stocks that are some of the most appealing to contrarian value investors. It's among these shares that genuine mis-pricing can be found. Once the market recognises that these quality firms are on sale, those prices often rebound."
qs99: Riv that is a great find, thanks. Wonder where PDI share price could go from there then, double again and you start to get some meaningful cash to CAPD...
rivaldo: Amazing news for CAPD from Australia. CAPD own 90m shares in Predictive Discovery Ltd (PDI), quoted on the ASX, i.e 14.69% of the company. PDI have had rather good exploration results recently. And their share price has exploded. So in the last 3 weeks. CAPD's holding has gone from being worth around A$0.9m, to its current A$6.3m..... This alone backs up a rather nice portion of CAPD's £80m m/cap. It's all explained here: Https:// "One of 2020’s biggest success stories is Africa-focused gold explorer Predictive Discovery (ASX:PDI). It rose from 0.5c to 6.9c following strong exploration results. And Mauritius-domiciled drilling firm Capital Drilling bought 30 million shares at 0.5c each, which cost it $150,000. But now that purchase is worth $2.1m and Capital Drilling’s total 90 million share package is worth over $6m. Every shareholder’s dream." Take a look at the one month chart for PDI... Https://
rivaldo: Good news today - Berenberg have been appointed as Joint Broker with Tamesis. Since CAPD don't need any money since they're so cash-generative, the reason for this is obviously to get a much more powerful, big name broker on board who can spread the word and get the share price moving to where it should be. No disrespect to Tamesis, but this is a very nice step upwards.
rivaldo: New Buy tip from Master Investor: Https://;utm_term=0_25eff0bb7f-31d474f3f7-34898813 "Capital Drilling: an excellent ‘gold play’ By Mark Watson-Mitchell 19 March 2020 The ongoing demand for gold just has to be a major driver for Capital Drilling and I remain convinced of the upside prospects for the company. Just in case you had not noticed it is, perhaps, well worth telling you that the price of gold has risen significantly in the last year – moving from $1,270 an ounce to around $1,500 currently. As a global benchmark of value, the metal cannot be beaten, it is in demand across the world, and especially so in virus times like these. As countries and investors alike continue to build up their financial safety by acquiring more gold, it can be expected that demand will increase significantly. With Russia and China now amassing strong physical hoarding to back, perhaps, their own new global currency, the upward price movement will not rest. Why am I telling you this? Because I really like a little £44m company called Capital Drilling (LON:CAPD). Some 90% plus of its business last year was gold sector based. It provides a complete range of drilling and mine services to mineral exploration and mining companies, covering exploration, development, drill and blast and grade control drilling for surface and underground projects, together with load and haul services. This Mauritius based company is fast becoming a leading mining services business, with a focus on the African markets. It operates in Botswana, Burkina Faso, the Cote d’Ivoire, Egypt, Mali, Mauritania, Namibia, Nigeria and Tanzania. It already has a strong presence in East Africa and since early 2018 it has been building up its operations in West Africa. It is this latter area that today represents about 45% of the total exploration spend across the whole of Africa. Some 44 of its then fleet of 91 drilling rigs operate there. At the end of 2019 it was up to 95 rigs and the group today is up to 99 rigs, supporting the growth potential in its long-term contracts. With the gold price nearing a ten-year high, operators are securing higher margins and in turn are increasing their levels of mining and drilling activity. In addition to its well-established drilling and mineral analytical and maintenance services, it can now also offer operators specific load and haul services. As the group can now offer a pan-African service to its customers its business is set to get a real boost. It is winning even more contracts, which are getting underway during 2020. And it is increasing its larger client base. Clients include Kinross, Barrick, Resolute, AngloGold Ashanti, Centamin and Allied amongst many others. Today’s results, which are in US$, for the year to end-December 2019 showed revenue at $114.8m and an impressive 34% increase to $10.4m. Despite heavy capital expenditure last year, at $19.8m ($11.9m), it still ended up with a good net cash balance of $4.4m. Earnings rose 35% to 7.7 cents per share. The average rig utilisation rose from 51% to 54%, with the average revenue per rig coming in at $176,000 a month. The group is expecting to see a big uplift in the second half of this current year, as its recently secured long-term contracts start to show up in its revenue. Obviously, just how well it, and its customers, can escape the effects of Covid-19 is anyone’s guess. However, its shares are off 3p this morning, at just 29p reflecting, perhaps, a combination of the market melee and an investor ignorance of the potential of this little group. The ongoing demand for gold just has to be a major driver for Capital Drilling and I remain convinced of the upside prospects for the company. Brokers Peel Hunt have today issued a ‘buy’ note on the company, with a target price of 84p. While Tamesis Partners are more bullish: “We value Capital Drilling at 99p/share, and maintain our target price of 100p. This represents 5x forecast 2020 EV/EBITDA of US$28.9 million and a 3.0x multiple on the current share price.” That is good enough for me!"
rivaldo: Excellent results, with 7.7c EPS, $27.3m EBITDA, $4.4m net cash and 63c per share of net assets. Perhaps the key sentence for those seeking reassurance is: "We also have high exposure to recurring revenue streams from mine-site based contracts in the gold sector, from which 90% of our 2019 revenue was derived." There's the necessary forward caution in terms of the virus, resulting in a reduced final divi. But CAPD are still winning new contracts - note the new win with Barrick Gold which is now their third with the giant Barrick - and that huge recurring income and the high gold price make the current share price look ridiculously cheap.
rivaldo: Mark Watson-Mitchell updated on Master Investor on Friday as follows, retaining his 100p target price: "Capital Drilling (LON:CAPD) – finals due in less than four weeks I was starting to get concerned about the recent drifting off in the share price of this expanding drilling rigs and mining services group. The shares fell back to 48.5p this time last week, a low that I felt was unjustified. The subsequent nibbling away by investors during the last few days has taken them back up to end the week at around 57p. The 2019 finals are due to be announced on 19 March, so hopefully, they will be firming up even more between now and then. I remain very bullish about this company and its prospects, as well as my share price forecasts. Profile 22.10.19 @ 61p set an end-2020 Target Price of 100p."
rivaldo: Tamesis Partners have issued a new note - they have a 91p valuation. They see 7c EPS this year, rising to 8c EPS next year, with a 3.2% dividend yield. With 3.7c EPS in H1 alone, it would seem that this year's forecast has a very good chance of being beaten. They conclude: "Price target maintained at 91p/share Even with strong recent share price performance, Capital Drilling continues to look undervalued. The company is underwritten by core long-term contracts, a balance sheet that has never looked better, a proven record of growing the dividend, and continued opportunities to grow the contract base with new wins in West Africa. We forecast full year 2019 free cash flow of US$8.7 million (pre-investments) which implies a 9.6% FCF yield at the current share price. We estimate that Capital Drilling is trading on 3.0x 2019E EV/EBITDA and 9.1x 2019E P/E multiples. We value Capital Drilling at 91p/share, representing 5x forecast 2019 EV/EBITDA of US$26.8 million and a 1.6x multiple on the current share price."
rivaldo: More news - CAPD have invested around £450,000 in a share placement by Arrow Minerals (quoted on the ASX). CAPD invested at 0.1c, getting one for one options as well - and in return CAPD "will provide drilling services to Arrow in Burkina Faso over an initial two-year period". So more drilling income is guaranteed for CAPD over the next two years. Plus it would seem there are "multiple" other drilling programmes to be undertaken by Arrow in Burkino Faso. And meanwhile Arrow's share price has increased to 0.12c - so CAPD are already 20% up on their investment, with free share options on top: Https :// "Capital raising and strategic alliance Arrow has received commitments from corporate, institutional and professional investors to raise $2 million through a two-tranche equity placement at an issue price of one cent per share plus a one for two attaching option. Arrow has also entered into a strategic alliance with Capital Drilling Ltd (LON:CAPD) who will subscribe for $0.8 million of shares in the placement and will provide drilling services to Arrow in Burkina Faso over an initial two-year period. READ: Arrow Minerals drill results confirm gold potential at Helsinki prospect Michael added: “Following completion of the capital raising, Arrow will be well funded to aggressively explore its gold projects in Burkina Faso and Western Australia, with a focus on high-quality drill targets and year-round exploration. “Also, the support of Capital Drilling, both strategically and financially, will enhance Arrow’s ability to complete multiple drill programmes in Burkina Faso.”
Capital Drilling share price data is direct from the London Stock Exchange
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