Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
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blue all round
booooooooooooooooooom
£2.16 now moving up
full bid price paid
here we go blueeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee
£3.20
here we go
moving up now flood of buyers
ciu on the move
hammertime here.
What happened here! I used to love this share and of course will hold on -but I agree with iqpd , they had to know about this problem! Hard to imagine this has happened but I will keep the faith here and hang on, Have a brilliant day everyone and come on Cape get you act together!
How strange that the board did not know what was going on or that they didn't have a clue when the year end numbers were finalized or at the very least by the time the interim numbers were out.... If the board didn't know then what about the CFO???? how the hell didn't the auditors pick it up???? losses don't just pop up like that- in 2010 they announced the 27M contract..... so if the contract was 27M, + loss of 14M = costs of 48M.... It would be nice to know how much of the loss is actually earned and how much is future.... It is too easy to blame the outgoing CEO, perhaps a case of cleaning the books for the new guy... this one was swept under the carpet me thinks!!!!! Serious questions must be asked... With similar problems in Lamprell and Pursuit Dynamics time to overhaul the board and senior execs. Anyone who understands project construction knows how the project will perform very early on!!!!! Perhaps a case of weak project management, but then again someone should have picked up on mounting costs against a disproportionately small revenue (You have to wonder what the auditors look at????).... In any case, this stock will be back up above 300p in 2 to 3 months (if not earlier), solid company with solid people... Well respected track record, sometimes things just go wrong- the company should do better at giving bad news in a more timely manner....
Could there be more gremlins to come out now the carpet has been lifted after Mr May's departure ?
One word..... hilarious!!!
It seems that CIU has a problem in Algeria. Their LNG project has caused CIU to take a one-off charge of 14 million pounds, equivalent to a fifth of its adjusted pretax profit Cape last year, after a review of the GL3-Z LNG project in Arzew, Algeria unearthed additional costs that are projected to produce a significant loss. "The Board has instigated a plan to mitigate the potential losses on the Arzew Project including the injection of a new project team, the introduction of additional skilled workforce and the rigorous application of Cape processes," the company said in a statement. Numis Securities have cut thier 2012 earnings per share estimate to 36.3 pence a share from 46 pence a share.
Outlook and guidance Cape has made a solid start to 2012 with continued double digit revenue growth following the strong revenue growth in the second half of 2011. The Board is confident the Group is well positioned for the remainder of the year and the Group's order intake continues to support this with the order book slightly ahead of year end levels. Guidance remains unchanged from that notified with the preliminary results and Cape expects to announce interim results for the six months ending 30 June 2012 on Thursday 30 August 2012. Cape is holding its annual general meeting at 10.30 am on 16 May in London, UK.
Interim Management Statement Cape plc, the international provider of essential, non-mechanical support services principally to the energy and mineral resources sectors, today provides its Interim Management Statement for the year to date. Trading The Group is pleased to confirm that overall trading has been in line with the Board's expectations, with revenues for the three months ended 31 March 2012 some 16% higher than the comparable period last year, including a contribution from acquisitions of 3% and a positive currency effect of 3%. On a constant currency organic basis, revenues increased by 10%. Regional/segmental activity levels were as anticipated with double digit revenue growth in our three largest regions. Operating margins have remained in line with last year except for the anticipated reduction in the Gulf/Middle East Region. Financial position There have been no significant changes to the financial position of the Group since the publication of the preliminary results on 6 March 2012.
...saying this well oversold. Good sign.
The Board of Cape plc, the international provider of essential, non-mechanical support services to the energy and mineral resources sectors, announces that Martin May is today standing down as Chief Executive and as a director of the Company with immediate effect to pursue a new challenge. http://investing.thisismoney.co.uk/news/article/id/4338406/