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Share Name Share Symbol Market Type Share ISIN Share Description
Shaft Sink LSE:SHFT London Ordinary Share IM00B690ZP24 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 0.625p 0 05:00:01
Bid Price Offer Price High Price Low Price Open Price
0.00p 0.00p - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 152.15 2.88 4.14 0.2 0.3

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Date Time Title Posts
03/9/201619:06Mining Services Companies: 'Picks & Shovels' Plays125
12/7/201405:18The SightPower Shaft Scanning Technology: a Sight for SHFT Eyes20
10/7/201417:03SHAFT SINKERS The thread for debate not bile.280
20/5/201414:23*** Shaft Sinkers ***67

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hedgehog 100: CAPD is experiencing slightly improved trading conditions this year, which at 35.25p is reflected in its strong share price performance over the last few months. 18/05/2016 07:00 UKREG Capital Drilling Limited Q1 Trading Update "Capital Drilling Limited (CAPD:LN), the emerging and developing markets focused drilling company, today provides its trading update for the period 1 January to 17 May 2016. … Financial Highlights -- Payment of final dividend (US2.5cps) for 2015 financial year on May 6, 2016 -- Stable revenue over the traditionally weak 1st quarter, with revenue increasing into Q2 following the commencement of new short term exploration contracts -- Positive cash flow from operational activities maintained; Capital Drilling remains focussed on strict cost management and ongoing capital discipline, generating solid cash flows and a strong balance sheet Trading Update and Outlook Capital Drilling generated revenue of $19.1 million during 1Q 2016, which represents an increase of 1.1% on the previous period (4Q 2015 $18.9 million). The result reflects the continued stabilization of the Company's revenue with the Company's core production contracts contributing over 80% of Group revenue in Q1. The Group saw a slight increase in utilisation over the quarter, reflecting increased activity at the North Mara Gold Mine and new exploration contracts that commenced late in the quarter. ARORP was however marginally softer, primarily due to rigs commencing drilling in late March, therefore generating a marginal revenue contribution for the period, in addition to single shift drilling on a number of exploration programs. Of particular encouragement was the award of multiple exploration contracts during the period, indicating early signs of a measured industry recovery. It is also important to note that the Company was awarded the majority of the exploration contracts it tendered for. This significant achievement can largely be attributed to its Lean Operating Model ("the Model"), which was implemented in 2015. The Model enables Capital Drilling to provide competitive drilling programs on smaller site footprints and the Company has received positive client feedback relating to projects in Botswana, Egypt, Peru and Tanzania. A further operational achievement for the period includes Capital's mobilization of three new blast hole rigs for Acacia Mining's North Mara contract. This contract extends the Company's services at the site, where it was previously providing grade control drilling services only. The two-plus-two year contract with Acacia Mining was announced to the market on 14 December 2015 and increased the total rigs on site to 5. Recent increases in the gold price along with increased capital markets activity in the mining sector give the Group an encouraging outlook. The early signs of recovery in the sector, albeit measured, together with the award of new exploration contracts, reinforce Capital's position for revenue and earnings growth during the balance of 2016 and beyond. The Group continues to benefit from a strong balance sheet and solid cash generation, providing the platform for growth. Commenting on the trading update, Mark Parsons, Chief Executive Officer, said: "While the market continues to be subdued, the small signs of improvement in the tendering markets are encouraging, as is the recent uplift in capital markets activity in the resources sector. While we currently expect trading to remain in line with expectations for the remainder of the year, we are in a strong position to take advantage of opportunities as conditions improve. The large majority of our revenue is secured with long-term contracts, many of which are expected to operate beyond their forecast completion. Our low cost operating model also attracted several new contracts during Q1, supporting our growth strategy. For the balance of the year we will continue to: pursue growth in emerging markets; enhance our ability to offer additional drilling services; and execute strategic partnerships. I am confident we have established a solid platform for future growth, despite the challenges the industry continues to face." …"
muckshifter: Still as dishonest as ever then Hedgehog. Post 2515. How did I cost Iofina investors money by writing two posts, approx. six months apart, on an Iofina thread, one mildly positive (very, very mildly by comparison with almost every one of your hundreds of shft posts during the same period) and one which didn't even mention Iofina, it was about a poster who was deliberately annoying serious posters - bit like you really hedgehog. Explain that - or will you just change the subject as usual? Where did I suggest that shft were imminently going bust? Another lie? Where did I INSIST that shft were being run as a subsidiary of IMR? Another of your constant misrepresentations of my posts. I've always made the point very clearly that IMR owned 54% of shft at the time of negotiation and agreement of the Eurochem contract, and that the two executive directors who almost certainly carried out those negotiations on behalf of shft were actually employed by IMR at the time, meaning that, imho, each of the two companies would have been entirely aware of the actions of the other. Explain how the contract could have been awarded without them as IMR employees being involved. I note that as usual you choose to reproduce the newspaper report which is more favourable to your view, rather than the Moscow times one which makes clear that the case between Eurochem and IMR is not over as far as Eurochem are concerned, and that Eurochem's spokesperson said that they have obtained important evidence subsequent to earlier submissions (which is what I suggested perhaps as much as a year ago would be the outcome of the arbitration). Unlike you hedgehog, I don't try, and have no interest at all in "calling" day to day fluctuations in shft, or any other company's share price. And unlike you I do not try to influence a share price, that's why you write hundreds and hundreds of incredibly positive posts about any company you are invested in, and attack posters who do not agree with you. My points are "long term" and intended to inform long term investors of things they may well not know and need to consider – particularly when they are being mislead by a dishonest poster such as you, which is something I've demonstrably done for the last 14 years. On the other hand, how many times was it that you "called the bottom" with shft at much higher prices than the current one, must have been at least five times. Post 2516. That post is such poisonous pointless drivel that it's hardly worth replying to. But I notice you are trying to hint at one of your old favourites again in terms of dishonest representation of my past, after probably 20 to 30 previous attempts to pretend that I had some sort of work related motivation for posting negatively about shft, by this bit: "Flooding the internet with such claims could have helped to undermine confidence in SHFT in the eyes of anyone reading them, helping to create a self-fulfilling prophecy (to the benefit of competitors etc.)" Shows yet again, after it had being clearly demonstrated in post 2491 above, how dishonest your claim in post 2490 (and several others) was, ie.: "I've in the past suggested/asked re. you perhaps work for a rival to SHFT, as a possibility, because I and others don't believe that someone will devote hundreds of hours to attacking a company that they say they have, and never will have, an investment interest in, for no good reason. But since the time that you have explained that you're not a miner, I have never said that you do the same type of work as SHFT. And as for this rubbish: "Anyone who has lost money here, should see Muchshifter's blame in that ... and perhaps consider reporting him to the financial authorities." I would repeat my response to your earlier "threat" to contact Helmer because in your opinion I was libellous GET ON WITH IT At least that way. the only people who will know what a fool you are, would be you and the recipient of your communication. Post 2517. Helmer's post contained minor errors – don't make me laugh. It was absolutely dishonest drivel, with at least seven serious "errors" in the core of his argument by a so called investigative journalist, every one of which contributed to his nonsense conclusion. Still trying to wriggle out of your dishonest insinuations about my work, despite having clearly read back posts of mine on advfn, and coming up with a seven year old post of mine on TMF which clearly indicated that my work was motorways etc – what a twister you are. And the point about googling "muckshifter" is that if you didn't know the difference between muckshifting and tunnelling / shaft sinking etc, muckshifter, or muckshifting are well known terms in the Civil Engineering industry and would have cleared your ignorance up in about five seconds, but despite being told many times that I was a muckshifter, not a miner / shaft sinker /etc, you prefered to continue with your dishonesty, and in fact are still trying to hint at a motivation based on a connection to mining.
hedgehog 100: 04/10/2013 07:00 UKREG Capital Drilling Limited New Contract Wins "New Contract Wins Capital Drilling (CAPD: LN), the emerging and developing markets drilling company, is pleased to today announce new contract wins and expansions. The new contracts are as follows: Contract 1 - Geita Gold Mine, Tanzania (AngloGold Ashanti) Capital Drilling Tanzania has been awarded a 5 year drilling contract with AngloGold Ashanti in Tanzania, where the Group has been operating since 2007. The contract is to provide all drilling services to the Geita Gold mine which includes development (diamond & reverse circulation), grade control and blast hole drilling. Initial rig requirements in 2014 total 9 rigs of which 4 will be sourced internally and, in the case of the blast hole rigs, through new purchases. The contract was awarded after a competitive tender process and will formally begin on 1 January 2014. It will be supported by the Group's extensive infrastructure in Mwanza and consolidates Capital Drilling's leading position in Tanzania with operations currently active across 4 projects in the Country. Contract 2 - Simberi & Gold Ridge Mines, PNG & Solomon Islands (St Barbara) Capital Drilling has also been awarded a contract expansion by St Barbara at the Gold Ridge project in the Solomon Islands, in addition to a new contract award for the Simberi Mine in Papua New Guinea. The contract extension covers a term of 3 years and involves the deployment of a further 2 rigs to the region, bringing the number of rigs deployed for St Barbra in the Asia Pacific region to 4. Capital Drilling will be providing development drilling services to St Barbara and will be utilising existing assets for the contract. Mobilisation is underway with increased activity expected late 2013. Capital Drilling will provide a further update on its performance and 2014 prospects within its Interim Management Statement scheduled for late October 2013. Commenting on the new contracts, Jamie Boyton, Chief Executive Officer, said: "These new contracts demonstrate the importance of our focus on organic growth within our blue chip client base, having one of the youngest fleets in the Industry and operating on long life, robust mining projects. The Geita contract is particularly significant for the Group as it adds to our operations in Tanzania and now positions Capital Drilling as the largest drilling contractor in the country. These key contracts provide significant revenues over the next few years and with our ability to provide all of the key drilling disciplines Capital Drilling remains well positioned and is set for any recovery in the mining sector." " P.S. Muckshifter, Re. your post 62 above (I apologise for the slight delay in replying):- 1. You can't tell the difference between a share price prediction and a prediction about other matters? 2. You can't understand the difference between the phrases "I prefer to" and "I always/never do"? 3. You yourself DIDN'T predict the cancellation of SHFT's final dividend ... which based on your penchant for bashing the company means that YOU thought that it would be maintained! Finally, on the day of SHFT's 13th. February trading update, the SHFT share price rose over ten per cent to 50p ... a strange reaction if it was very clearly saying 'the dividend will be cancelled'. The only predictions you make are either crass statements of the obvious, or else humiliating failures!! Would you like me to provide a list?!
hedgehog 100: WC, Thank you for your concern - I'm rather touched! At 22.75p the SHFT share price is about fifty per cent higher than a couple of months ago, so I prefer to think of the fact that I have made good money here since my average down at that point. The share price is more or less flatlining at the moment, but I'm expecting good contract news imminently which will hopefully trigger the next leg up to 30p - 29/08/2013 07:01 UKREG Shaft Sinkers Holdings Plc SHFT preferred bidder in Kazchrome JSC tender " ... The project award, valued at approximately $75 million is subject to the negotiation and conclusion of a contract scheduled to be completed by the end of September 2013. ... "
hedgehog 100: RCTurner, There are numerous threads I could go on to gloat about shareholders there suffering a falling share price, saying "you got it wrong, didn't you" ... !!! The phrase 'get a life' springs to mind! An extract from the Benjamin Graham page of Wikipedia: "Graham wrote that the owner of equity stocks should regard them first and foremost as conferring part ownership of a business. With that perspective in mind, the stock owner should not be too concerned with erratic fluctuations in stock prices, since in the short term, the stock market behaves like a voting machine, but in the long term it acts like a weighing machine (i.e. its true value will in the long run be reflected in its stock price)." By resource stocks I presume you mean mining stocks - because oil & gas producers, and oil service stocks, aren't under tremendous pressure. I agree that SHFT is irrationally being treated like a being treated like a risky mining or mining explo. company facing declining commodity prices and funding problems. But that is precisely why this is the ideal time to buy: when it's being mispriced on the downside. Remember that SHFT is actually listed in the support services sector: FTSE sector Support Services Mining services companies aren't exposed to metals and minerals prices to the same degree that mining companies are. They are contractors engaged to do a job, and paid to do that job. And SHFT's services to the platinum miners in South Africa are not discretionary. In addition, SHFT is expanding internationally, and is not restricted to Africa. HTTP:// Finally, with the SHFT share price just 26p, I think that forward P/Es (on new and undemanding forecasts) of 3.1 for 2013 and 2.2 for 2014 more than compensate for any concerns.
hedgehog 100: P.S. The current CAPD and SHFT forecasts from Digital Look: Year Ending Revenue (£m) Pre-tax (£m) EPS P/E PEG EPS Grth. Div Yield CAPD: 31-Dec-13 82.81 5.43 3.37p 5.7 n/a -50% n/a 0.0% 31-Dec-14 73.27 4.61 2.74p 7.1 n/a -19% n/a 0.0% SHFT : 31-Dec-13 193.00 6.00 8.40p 3.8 0.1 +72% 2.80p 8.9% 31-Dec-14 187.00 8.40 11.80p 2.7 0.1 +40% 3.90p 12.4% Note the opposite 2013-2014 trend in forecasts by the respective companies, the lack of CAPD dividends, and the fact that SHFT's forward P/E for next year is just 38% of CAPD's, despite the fact that SHFT's should be much higher than CAPD's. (CAPD 19.38p, SHFT 31.75p.) With a SHFT rating that low, and trading at just 37.8% of its net tangible asset value per share of 83.94p, then the risk is more than in the price. The time to be selling was about two years ago when the SHFT share price was over 190p, and the EuroChem project problems were becoming more apparent (it is obviously technically very challenging to shaft into the Siberian permafrost) ... not now at 31.75p with an operational recovery underway.
hedgehog 100: Thanks TechnoFiend, yet again! "Traders revived their interest in platinum miner Lonmin on word that progress had been made in calming union tensions in South Africa. Shares in the group spiked in afternoon trade to rise as much as 7.5pc, before closing 15½ higher at 287.8p, a 5.7pc gain and the first time they had finished in positive territory all week, on news that South Africa's deputy president, Kgalema Motlanthe, had helped negotiate a draft agreement that it is hoped could pave the way towards an end to the violent strikes that have shaken the mining sector. Lonmin's shafts have been at the centre of the trouble, which last year forced the company into an $817m (£521m) rights issue to shore up its balance sheet. The unions, mining companies - including Lonmin - and the government will work towards reaching a definitive agreement by June 26, a development that also sent Anglo American shares up 26p at £14.26, despite industrial action at one of its South African mines. ..." Great news for the people of South Africa ... and also for SHFT. A relevant extract from SHFT's recent final results: 29/04/2013 07:01 UKREG Shaft Sinkers Holdings Plc Final Results "Most of our clients in South Africa were severely impacted by labour disputes throughout 2012 and we were unable to escape the effects of the disputes. In most instances our contracts provide cost recovery of work interruption caused by the client but typically it excludes or limits recovery of profitability and does not cover low efficiency work restart and ramp-up period, the latter often having a bigger impact." I was hoping and expecting that sanity would prevail, as I set out in this post I made on iii about two & a half weeks ago: 28-05-13 Buy Likely To Return To 50p Over Summer Hedgehog100 "'Buyduds2', Arduous negotiations sound a lot better to me that arduous fighting and arduous killing. In the second half of last year the labour relations situation in South Africa was far worse than now, with 34 people tragically killed in one incident in August. But despite this, SHFT still made second half 2012 earnings of 3.28p/share, more than double the first half earnings of 1.6p/share. So as long as the current sanity prevails, I will be doubly happy: for the people first, and secondly for Shaft Sinkers. As Winston Churchill said: "To jaw-jaw is always better than to war-war." Anyone hoping otherwise in my opinion must have a sick mentality. And a lot of the past pressure for higher wages has come, in my opinion, from workers seeing the huge profits that their employers were making, and wanting a bigger slice. Now that their employers aren't doing so well, it makes sense that demands will be moderated considerably. Especially as workers in the South Africa mining industry are actually paid very well compared to the average for that country. And with your typical dishonesty, your silly, stupid redefinitions of dictionary meanings discredits you. I.e. arduous does not mean expensive, and difficult to predict doesn't mean that you can't still have a very good general idea. Remember also that SHFT is actually listed in the support services sector: FTSE sector Support Services Mining services companies aren't exposed to metals and minerals prices to the same degree that mining companies are. They are contractors engaged to do a job, and paid to do that job. And SHFT's services to the platinum miners in South Africa are not discretionary. In addition, SHFT is expanding internationally, and is not restricted to Africa. hxxp:// Finally, with the SHFT share price just 30.25p, I think that forward P/Es (on new and undemanding forecasts) of 3.6 for 2013 and 2.6 for 2014 more than compensate for any concerns."
hedgehog 100: Hectorp, I think that SHFT's strong second half recovery has caught out a few stale bears with poorer predicting skills. Remember this exchange on the "SHFT" thread from just over six months ago? - WyleCoyote 30 Oct'12 - 12:50 - 1605 of 1950 "Incredible response by the market, I wasn't expecting this...The news isn't that significant. Still I suppose because it is cheap." muckshifter 30 Oct'12 - 13:18 - 1606 of 1950 "Exactly, WylieCoyote, but I have a feeling that this will be down below 10p within the next six months. Hope not, for the sake of holders. Regards." On 30th October the SHFT share price closed at 37.75p, up 4p on the day. Over six months later, SHFT hasn't subsequently closed below 35.5p. And sadly, Muckshifter still hasn't explicitly acknowledged that his 'sub 10p by end April' prediction was ludicrously wrong, and indeed as late as mid April on another thread he was still suggesting/hoping that it might come good. That indicates to me that he finds it difficult to change his mind, or admit when he has got it wrong. On an annualised basis, his prediction was over 500% out (i.e. share price at least 250% higher than his prediction after 6 months). That must make it one of the worst predictions ever, in what is what really counts, which is the share price. There's obviously a danger in people stepping out of their areas of professional expertise, e.g. a doctor taking on the role of a statistician, or in Muckshifter's case a mining industry worker taking on the role of an investment analyst. More useful backgrounds for investment are I feel such professions as accountancy, management, strategic planning, or law. A good understanding of these subjects obviously helps in analysing company accounts, statements, strategy, and legal cases etc. And industry insiders may also fail to understand how the stockmarket will react in certain situations. An interesting example is Lamprell. From the London Evening Standard, 19 November 2012: "Lamprell soars as profits warning clarifies firm's woes Lamprell warned that its full-year loss would be seven times greater than previously forecast as it unleashed its fifth profits warning since Spring. But shares soared 14% as the group removed the uncertainty which had been dragging them down for months.... Shares, which have lost nearly three-quarters of their value this year, jumped 9.50p to 78.75p on the news...." The LAM share price has since risen further, and is currently 150p.
hedgehog 100: SHFT is fairly regular in the timing of its final results, and pre-finals trading updates - 13/02/2013 07:00 UKREG Shaft Sinkers Holdings Plc Trading Update 20/04/2012 07:04 UKREG Final Results LSE:SHFT Shaft Sink 20/02/2012 07:00 UKREG Trading Statement LSE:SHFT Shaft Sink 14/04/2011 07:00 UKREG Final Results LSE:SHFT Shaft Sink 04/02/2011 07:00 UKREG Trading Statement LSE:SHFT Shaft Sink On this basis, I would expect SHFT's final results to probably be announced in mid April. SHFT will then obviouly be out of its 'close' period, so SHFT's directors will then be free to buy more shares in their company if they wish ... unless they are in possession of positive insider information that bars them from doing so. There seems to have been a recent pattern of the SHFT share price drifting downwards after being boosted by positive announcements, which perhaps reflects a general nervousness in the mining sector at present. But the six-month chart indicates that a channel of ascending troughs and peaks is developing, a bullish pattern, which I believe should lead to the 50p resistance level being broken at the next strong move upwards.
hedgehog 100: Muckshifter, Thank you for highlighting the fears held by many investors regarding the EuroChem-SHFT dispute. They help to explain why the SHFT share price is so depressed. The fact that such fears are prevelant I regard as a GOOD thing, because it means that when they are aleviated by a resolution, as I believe they will be, then there will be a massive rebound in SHFT's share price. Close examination of your points though shows that they are a bit silly: * The fact that SHFT tried hard to solve the project problems is what any good contractor would do, and helps to explain why they now have a strong case. * The project was risky, which is why it was in the register of risks. But that's different from saying that SHFT now don't have a strong case. * You don't appear to understand the difference between arbitration and litigation. Arbitration is simply negotiation with a mediator (arbitrator); it's not about 'winning and losing', it's about negotiating an agreement. The costs are far less than legal action, and as there's no 'loser' your point about costs is wrong. * Some execs in EuroChem are probably desperate to try to cover their backs by passing the buck to SHFT. And the fact that the project is worth £billions means that the arbitration costs will be a tiny fraction of that. And read more of Sigala's excellent posts on his ValueGrowth Investing thread: Sigala 23 Jan'13 - 18:35 - 267 of 268 Sigala 23 Jan'13 - 22:16 - 268 of 268 In addition, EuroChem's management haven't made any reference to legal advice supporting their case, unlike SHFT who have. To be honest Muckshifter, you remind me a bit of a poster called THE DART who spent much time and energy attacking PVCS in the late summer, trying to sew fears with silly nonsense. He was proven to be completely wrong.
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