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Share Name Share Symbol Market Type Share ISIN Share Description
Capital Drill LSE:CAPD London Ordinary Share BMG022411000 COMM SHS USD0.0001 (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 40.50p 0 08:00:00
Bid Price Offer Price High Price Low Price Open Price
40.00p 41.00p 40.50p 40.50p 40.50p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 88.44 7.17 2.89 13.4 54.8

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Date Time Title Posts
21/1/201914:01Capital Drilling -For Mineral & Mining Exploration1,065
14/11/201308:29*** Capital Drilling ***40

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Capital Drilling (CAPD) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-01-22 14:05:2740.269,0003,623.40O
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Capital Drilling (CAPD) Top Chat Posts

Capital Drilling Daily Update: Capital Drill is listed in the Support Services sector of the London Stock Exchange with ticker CAPD. The last closing price for Capital Drilling was 40.50p.
Capital Drill has a 4 week average price of 35.50p and a 12 week average price of 35.50p.
The 1 year high share price is 48.30p while the 1 year low share price is currently 33.50p.
There are currently 135,247,159 shares in issue and the average daily traded volume is 34,968 shares. The market capitalisation of Capital Drill is £54,775,099.40.
rivaldo: At this m/cap, realisations below book value would still provide substantial asset backing for the current share price, without any value for the ongoing business. Particularly as CAPD have always maintained that their asset base is always well refreshed and the best available in the market. I suspect we'll see a bounce as the market takes in the confidence going forward.
rivaldo: 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.”
lord gnome: Yes, delighted to read that gleach23. Can now look forward to a recovery in the share price. 5-6x EV/EBITDA would equal a share price in the range of 100 - 120 which makes Finncap's target of 109 look right on the money. Still too much in my view, but who am I to argue with experts? WTFDIK?
rivaldo: Finncap have retained their 109p target price and forecast $23.9m EBITDA this year rising to $28.4m EBITDA next year (equating to 5.5p EPS), against a £53m m/cap. They also see a $3.78m cash pile at the end of this year, rising to $8m at the end of next year. The key point here is that despite the Tanzanian situation and therefore reduced revenues estimates, CAPD stated that they expect to achieve existing profit expectations. IMO the share price will continue to bounce, especially given the excellent tangible asset backing and generally optimistic and solid environment now around copper and gold. Plus the variety of new contracts won by CAPD in H1 in the likes of Mauritania, Mali, Egypt etc.
lord gnome: Nothing to worry about then. We seem to be making good progress overall. A few clouds about, but there always are. Hopefully this will set a firm floor under the share price. Onwards and upwards from here.
lord gnome: This continued drift in the share price is becoming rather concerning. I just hope that the update does indeed contain good news.
lord gnome: The dividend cut certainly wasn't obvious to me. I didn't see that one coming. Very disappointed as I bought these primarily for the yield (plus the very good prospect of share price recovery). I have now lost 60% of my income and what was a very decent paper profit has been whittled away to break-even. Not happy this morning. I will continue to hold in anticipation of a half decent share price performance over the next 12 months.
lord gnome: I would guess that we have a seller in the background feeding stock to the market, otherwise selling this light should not have had such an effect on the share price. As you say though, gleach, it has bought out the bargain hunters.
lord gnome: A little light selling seems to have driven down the share price quite quickly.
lord gnome: Thanks gleach. That dividend sounds very tasty, as does a 70p share price, yes please.
Capital Drilling share price data is direct from the London Stock Exchange
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