onewayticket
17 Jan 2017
Further Contract Work Courtesy of 2 RNS's this very morning. Saudia Arabia of all places.Its amazing what an increase in the price of a barrel of oil does for Exploration and Production and those engaged in ancilliary services.We already know off a recent RNS that 2016 full year results are anticipated to be ahead of expectations and we have also just had the good news of additional work scope awarded at the Chevron Wheatstone project. Cape could well emerge as one of the surprise packages of the year.Own due diligence
onewayticket
07 Jan 2017
Numis ----- 270p [link] due diligence
onewayticket
06 Jan 2017
Henderson Ups its stake Henderson now up to 5.48%Own due diligence
MJS1234
06 Jan 2017
Tempus says Buy I'm not a holder any more having sold out some time ago but if I had some spare funds I might be tempted.Seen this in the Times today and I thought it might be interesting to others.GLTAMJSCapeIt is Cape’s misfortune that, while the company is doing about as well as any of the contractors serving the energy and natural resources sectors, legacy issues over decades-old asbestosis claims have come back to haunt it.A court case brought by insurers will begin this month and Cape felt impelled, at the time of the last trading update in November, to paint a worst-case scenario that this could put the dividend at risk.This is tricky because the yield on the shares, more than 7 per cent, was one factor providing support. Cape’s latest trading statement says that 2016 results in November, which were set to be “slightly” ahead of market forecasts, will be “materially ahead”.This is because of the work won in the Asia-Pacific region on areas such as liquefied natural gas, which is less tied to wherever the oil and gas price may be. The company has won another contract at the Wheatstone LNG plant being built by Chevron in Western Australia. All this augurs well for 2017. The shares, up 26½p at 178½p, sell on little more than six times’ earnings. Worth a punt on the assumption that the dividend can be held.My advice BuyWhy Shares look cheap if legal fallout is limited
onewayticket
05 Jan 2017
Shares Magazine Coverage with Graph It might go some way to answering your questions Conan the vegetarian.There are not that many stocks out there with further rebound potential offering roughly 8% yield.[link] due diligence
onewayticket
05 Jan 2017
Materially Ahead of Market Expectations As welcome and as good an RNS as I have seen in a very long time.Its got all the right words contained within.The Board now anticipates that the full year performance for 2016 will be "materially ahead of current market expectations". Improvement in performance is supported by "strong cash generation" A consequent "positive impact on net debt".Then add in also the extended works off a pretty impressive record already established on the Wheatstone natural gas project. What an excellent showcase moving forward.I would expect Cape to now benefit and capitalise further from the sustained upturn in the oil price and particularly in the Middle East where they have been well established for some time. Previous projects that had been shelved or delayed could now come back into play.I have this one earmarked for much further upside potential to come as it moves towards FY results.Cape follows on from another recent investment in Capital Drilling (CAPD) - a mining rig and exploration company that should also benefit from the upturn in other commodity prices and revision of previously delayed exploration and maintenance decisions. (Gold, copper and other metals is its focus) The benefits to the second-liners seem to time lag any upturn in commodity prices.I'm also encouraged by a recent contract win at Gulf Marine Services which is another support services company which I like for the year ahead.Own due diligence.
Conan the vegetarian
05 Jan 2017
Upcoming insurer PL claims trial I've been watching Cape for a while, put off (probably like many) by the Insurer PL claims trial due to start in 11 days, but equally attracted by the stability and long term prospects for this company (esp since the oil price started to tick up)Today's RNS tips the scales slightly more towards the buy side for me, but I'd appreciate any LTH's input into the debate. Thanks in advance CtV.
Boop
05 Jan 2017
Typical market over-reaction Managed to load up on Cape a few weeks ago @ 140p, still a way to go me thinks after typical market over reaction
Warren Buffoon
05 Jan 2017
Good news Good news for a change . . . . . . .
Warren Buffoon
18 Nov 2016
Re: Eh ?? I guess the full year will be more significant .....
Grill Bimsie
18 Nov 2016
Re: Eh ?? Read the rest of the statement....
Warren Buffoon
18 Nov 2016
Eh ?? This is what the Board says today...."The Board anticipates that the business will perform slightly ahead of current expectations for the year ending31 December 2016, largely reflecting a continuing strong performance in Asia Pacific, an improved performance in the Middle East and the translation effect of current favourable foreign exchange rates."Share price has fallen 10% as I write.Funny the things I don't know afte 33 years of investing.
PJ Foster
18 Aug 2016
Back at 190 Nice to see a little bit of a tick up today. Significant enough for me to wonder why? Anyone any idea?I'm adding to my holding right now - good yield and I think it looks reasonably safe.Cheers,
Laraghs fund
23 Feb 2016
Re: Nasty.shock 13005 shares were supposedly sold at 121.43 around 11.30am. This must have brought the price down, there were no other sales around this price so it must have been just a typo on this one transaction.
Norman Barrington
23 Feb 2016
Nasty.shock Did anyone else notice the share price was marked down -91p (down 42%) this morning on several websites, including iii? I raked around for news to see what was going on, only for the mark down to disappear as fast as it arrived. Someone somewhere having a laugh? Phew!
