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Sticking my neck out here - massively undervalued now. Lot of buying in last few hours and price been going up all day. Bad news is priced in. the share went down circa 50p on possible news that may affect divi, back in November ...yet the divi is only 14p. Either re positioning going on before year end as this stock is too undervalued IMHO or something else. Been a lot of talk of takeover prospects - so i wouldnt be surprised if it is.....either way its in my Sipp.
Keeping with the movement up though only slightly ( +1.50p +1.05% ) at the moment it continues with the same strategy of any size buying even 2K must pay premium to the offer price
143.50p +1.75p With today's rise the candlestick chart has signal a BULLISH ENGULFING and this is an important bottom reversal signal.
Manipulation by the end of the day, wonder by who, because there was some good size buying all paying premium to offer price, so at the end of the day the UT was 1p higher than the closing spread. 6.5K @ 143.50 UT
The volume is large today and the Indicators are all positive as are at oversold but the best is the MACD crossing over "0" and divergence at the same time so bullish Chart http://uk.advfn.com/p.php?pid=staticchart&s=L%5ECIU&width=700&height=275&p=2&t=1&dm=2&vol=1&cb=
144.25p Has been on a downtrend since last month 180p and after the pause is moving higher with volume now Some large trades early on the morning has got the share moving and still holding now despite a bit of retracement 10 minutes ago from 147p
More than £30m wiped of the market cap, yet cost of losing sums to be more like £10m. Overdone perhaps?
Certainly wasn't what I wanted to read this morning! These things are all dragged out over such a long time, just hope they can settle everything without causing too much pain on the SP and dividend front! not nice viewing on the SP this morning though!
....but huge uncertainty on litigation, with first mention of potential dividend effect. Clearly the latter issue being focused on!! Long road to share price recovery here I fear!!
Interesting isn't it. Not terrific results leads to initial fall followed by large rise. Mmmm. Could be someone sniffing around I suppose....??
Large volume traded recently Does anyone know what is going on?
Market seems to agree with you this morning Fats.
I think the figures were good considering that most of their clients rely on revenues from oil and gas to finance maintenance and capital projects. There must be quite a lot of pent up demand which will boost margins and turnover as the oil price recovers. I think this is their lowest point and even here cape is shown to be diversified in client, industry and geographical reach and is still making profits and paying dividends. It looks a steal to me.
Have had my eye on Cape for a while now as what they do will always be needed in the industry. However, the company has been saying for a while that these set of figures released today would not be so good, and like you say Matt, they think the second half of this year will be better. Knowing this, I was surprised to see buying around the 190p area yesterday !! Will sit on the fence for a day or two before deciding if and how much to spend here.
...but a lot of this in the price already so hasn't completely fallen out of bed. Holding Divvy a good message, whilst 2nd half will be better, even if tis is largely because of currency moves!! I'm going to hang in here with my moderate position, but probably not looking to add unless it falls sharply from here!
I agree with you. Potentially dragged back by the bribery issues currently surrounding Companies like Petrofac perhaps?
surprise its not moving up most asset not in the Uk
getting near soon -me thinks!!
Currently down 42% on google finance. Just for one brief moment, some poo came out. But all is well. Google obviously have their office junior on the case.
Glad to say as my post a few days ago said this is climbing back up to 230
This share continues to show good resilience. Continued better sentiment on POO front and the share could climb back up to 230p.
Cape have proved remarkably resilient despite the general share drops, especially oil and rest of Commodities. Does anyone have a feel for their current situation, orfer book etc?
It popped up by 4% last thing on Friday - I think this just reverses that to some extent.
Cant see any reason for this, nothing on the news front I can find anyway.
Cape-UGL JV Bags Services Contract from Woodside in Western Australia - See more at: http://www.rigzone.com/news/oil_gas/a/141379/CapeUGL_JV_Bags_Services_Contract_from_Woodside_in_Western_Australia#sthash.EA8wZJQ9.dpuf