JoseFrio
18 Sep 2017
Re: trading in Cape shares Spoke with HL. Apparently, because I had accepted the offer, I am now unable to sell my shares in the market, which makes sense. I have never encountered a situation where a takeover has gone through yet shares can still be traded until they delist, and the price rises. Could anyone explain? would it make sense not to accept an offer?
JoseFrio
18 Sep 2017
trading in Cape shares The share price has exceeded the buyout price of 265p even though Altrad has effectively completed the acquisition and will shortly delist the shares.I am unable to sell the shares I hold (via HL) in the market, yet I am able to buy more. Can anyone explain this?JF
JoseFrio
14 Jul 2017
Re: NEW ARTICLE: Stockwatch: What now for th... Thank you II Editor for a very informative article. Therehas been a dearth of information (that I could find) about the likelihood of the bid to succeed. It seems that it's worth holding on, if only for the cash offer and no dealing charge (sorry II).
II Editor
14 Jul 2017
NEW ARTICLE: Stockwatch: What now for this winner? "LSE:CIU:Cape, a provider of "critical industrial services" for energy and natural resources, has had its intrinsic value affirmed by an agreed cash offer at 265p per share by Altrad, the UK's largest supplier of scaffolding and light industrial ..."[link]
Warren Buffoon
07 Jul 2017
Re: Perplexed Ho ho ho . . . . . didn't ask my opinion did they?
JoseFrio
07 Jul 2017
Re: Perplexed Yes, something smells here. I wonder how many shares in issue belong to parties with an interest in the deal. In other words, is there much chance of the offer being rejected, perhaps in favour of a better one? The fact the share price has jumped to just below the offer price suggests the markets think this deal will happen. Personally, I'd be happy to accept more for my shares
Norman Barrington
07 Jul 2017
Perplexed RG: There can't be many other instances where a share price drops 20% after a "materially ahead of its previous expectations" trading update.And now we find an already done deal that gives us our 20% back, and we are supposed to be pleased. I do not have a clue how it is done, but it is sure fishy. Look at the chart, have we a windfall or have we been shafted? I suspect the latter.
Regency Green
27 Jun 2017
Share Price There can't be many other instances where a share price drops 20% after a "materially ahead of its previous expectations" trading update. I guess 2018 is a concern as well as the Middle East and the oil price but a P/E of 6 seems to overstate the concerns given the expected out performance in 2017.
II Editor
28 Mar 2017
NEW ARTICLE: Stockwatch: 50% upside on a two-year view "After profit upgrades and rising return on invested capital, these cheap shares could re-test 2013/14 highs, argues Edmond Jackson.After profit upgrades and rising return on invested capital, these cheap shares could re-test 2013/14 highs, argues ..."[link]
onewayticket
23 Mar 2017
Testing new ground again Upwards and onwards.Another winner out the stable.Its been a good fortnight.Patience the key.Own due diligence
JoseFrio
17 Mar 2017
Share options Am I alone in thinking that the share options just granted to two directors are excessive?The CEO has been granted nil-paid options over 0.3% of Cape, worth around £720k. The CFO has been granted options worth £540k. Both are subject to "certain performance conditions being met."The news release did not specify those conditions, which is why I suspect they are not going to be onerous.As soon as the company starts doing well again, directors are dipping their hand in and reducing returns to us, the shareholders/owners of the business. I don't mind some reward - share options granted at close to the current price for example, or a smaller number of nil-paid options. But this seems too easy, and is sure to be reapeated next year. If Cape fails to meet the performance conditions, the next set of options will no doubt be offered with lower targets.
Grill Bimsie
17 Mar 2017
Share Centre BUY Recommendation Cape has just been added to their BUY list..."Our View:Following on from a positive trading update in January, results in March reported a 6% rise in adjusted pretax profit to £47.4m. Revenue increased by 21.4% to £863.5m. The dividend for the year was 7 pence. Management expect another strong trading performance in the year ahead, as well as margin improvement at its UK business, as a result of restructuring measures. There was an improvement in the performance of its Asia Pacific business. The CEO, Joe Oatley, who came from Hamworthy, has been restoring market confidence in the group. He has stated that he remains convinced that the group will deliver increased shareholder value over the medium to long-term.The critical services that the group provides have led to a number of new contract wins, especially in the Middle East and Australia. Like many in the sector the share price was hit hard by the fall in commodity prices along with litigation concerns. On the basis of his track record we would suggest backing the CEO to restore the fortunes of the company and to enable further longer-term recovery and suggest a buy for a medium to high risk portfolio."Bullish points• Long term investors prepared to back the new CEO and management could view the group as a higher risk recovery idea.• A return to dividend growth is forecast for 2018.• A good start has been made to the year, allied to its record order book of £917.6m.• There has been an improvement in cash flow and net debt has continued to fall.• Settlement of a long-standing liability litigation was announced in March.Bearish points• Its markets are set to remain challenging for the near-term.• Reduced margins and demand in the UK North Sea region, on the back of the oil price.• Ongoing employer liability action, with a further appeal hearing set for July.Comment updated 16 March 2017"Good luck to a
onewayticket
16 Mar 2017
Re: Today's rise Court case settled and not a bad set of FY's and accompanied by not a bad rise either.It is a patience game with this one.It should benefit from any further gains in the oil price.Own due diligence
onewayticket
09 Mar 2017
Re: Today's rise PJ. This is not one that I watch intently. No ideas on the rise you asked about other that what seems to be a customary 5% trading range rise and fall. Once the date for the outcome of the court case gets close then I'll take a more active interest. If it ends up being less than expected then it should bounce. Court results though are unpredictable at best.I think that is what is holding it back from further gains.Own due diligence,
PJ Foster
01 Feb 2017
Today's rise Any idea why?Cheers,
