Ripley94
16 Mar 2019
Share Maiden ( Dr M ) likes this one CAPD… XXXX Africa drilling services , pays a div ,
whatsupnow
16 Mar 2018
Re: Good results today, 85p analyst target What I like is the outlook statement : Commodities markets built on their positive momentum over 2017 and this momentum has continued into 2018, spurred by buoyant gold prices, the emergence and growing demand for battery metals and synchronised global industrial production growth driving industrial metal prices to multi year highs. With the current cycle still young, having turned in mid-2016, coupled with the lack of exploration and investment activity during the prolonged cyclical downturn from 2012, we enter the year optimistic from a demand-led environment. Capital markets activities in the opening months of 2018 have been highly encouraging, further supporting the demand environment for drilling services.
gretel
16 Mar 2018
Good results today, 85p analyst target Very good results this morning, with: - 4.2c adjusted EPS - a 1.7c dividend - almost $5m net cash - and a £46m EV against a £50m m/capFinncap retain their Buy and 85p target:[link] shares have been depressed given the Tanzania macro issues, but CAPD seem to be successfully expanding and redeploying assets in West Africa. I don't have a large holding here, but can see little downside given the NAV, the profitability and the current economic/resource cycle. Whereas there's potentially very good upside - either on trading or acquisition - as evidenced by the analyst's 85p price target.
kolwezimundele
01 Feb 2018
Price movement This a brutal share - down 16% today. I'm out at earliest opportunity.
Sharpedge7
06 Oct 2017
Re: Any views? I bought back in recently after director buy at - think it was - 38p.
Blanketstacker
06 Oct 2017
Any views? On the down side the company has interests in Tanzania which may be impacted upon by local politics. But on the positive side
ER = 9.4PtB = 1Yield = c3% (covered x2)No real debt, with $3m in the bankUpdate due in November.Is anyone buying?
kolwezimundele
14 Sep 2017
Movement The rather brutal price movement (from 62p to now 38p) continues. What appalling news am I missing???
gretel
24 Aug 2017
Tipped in Shares Magazine It's a full page write up according to a poster elsewhere, who writes "It is after all one of their Top 10 tips for this year but happens to be over 20% down for them to date.Interesting snippets for me - - severity of downgrade in SP has been an overreaction, particularly as its 2 Tanzania contracts involve drill work on mines unaffected by gov's new rules - if SP remains this low CAPD will soon become a potential target for an opportunistic takeover - Broker Tamesis says CAPD now trading on 2.1x EV/EBITDA, significantly below the 5-6x at which established service companies should be trading"I hadn't realised that their Tanzanian contracts are unaffected by the new rules. That's even more reason for this share being well undervalued.
gretel
21 Aug 2017
Finncap retain 109p target 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.
Aberdeen_investor
18 Aug 2017
Looking for a re-entry I don't mean to brag, but I was buying into this stock when it was in the 20p region (when everyone else was dumping it) and sold out as it got to 60p, just in time for it to be recommended by some "share magazine" in their tips for 2017. Why do these magazine's give stocks their kiss of death...I will be looking to buy in again (possibly September/October time) once the picture becomes clearer. It is a very well run company with significant share holding by the directors...that coupled with the dividend makes it a buy, but only once we get a clearer picture....
onewayticket
04 May 2017
Plays update - Shares Magazine today Covers the improved revenue guidance and broker revision and they seem to be very positive.Subscription only.Own due diligence
onewayticket
03 May 2017
Nice Revised Uwards guidance yesterday and some of the resource second liners have been doing just fine on a lock in and leave basis. Cape for instance and Gulf Marine Services having been two others of this years identified winners.Pick the right ones and the business wins the day. Own due diligence
gretel
03 May 2017
New interview with Chairman Interesting that Q1 is usually their weakest quarter.... http ://www.proactiveinvestors.co.uk/companies/stocktube/7370/capital-drilling-s-jamie-boyton-very-pleased-with-q1-performance-7370.html?utm_source=Sign-Up.to&utm_medium=email&utm_campaign=7163-364821-Proactivity+%E2%80%93+A+resurgence+in+mining+activity%2C+and+UK+oil+project+gets+green+light"Capital Drilling's Jamie Boyton 'very pleased' with Q1 performance11
9 02 May 2017A resurgence in mining activity has meant the best quarter for Capital Drilling PLC (LON:CAPD) since 2013. Chairman Jamie Boyton tells Proactive's Stocktube: ''We're very pleased ... it's really down to a turn in the cycle.'' ''Obviously we went through a challenging period which commenced late 2012 when the cycle really turned against us and then in late Q1 last year we started to see a stronger performance initially in the gold price and a stronger performance in capital raising - particularly in the junior end of the market''.
gretel
02 May 2017
Finncap raise target price to 109p today (from 95p).
gretel
02 May 2017
Terrific trading update today Wow - a great update just out. "Multiple" new contract wins, revenue guidance for the year lifted heavily, strongest Q1 result for years....[link] should be a BIG mark-up today and a very nice re-rating going forward - certainly back to 65p and likely well above that imo.
