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shows 234.9 - 232.0 but cannot trade (currently)
230 - Outstanding - can she keep it though
dummy sell-buy = 227.011 - 227.943
dummy sell-buy = 224.42 - 224.87
Recovery in process - imo
CIU - worth alot more - imo
and • Substantial forward order book at 30 June 2012 of £920m (H1 2011: £830m)
Commenting on the results, Joe Oatley, Chief Executive of Cape said: "In my first few weeks at Cape I have focused on gaining a rapid understanding of our businesses around the world. Whilst this is clearly a challenging period for the Group, I am pleased to say that, having carried out an initial review of all of our operations, I continue to believe that the core of the business is fundamentally strong. Outside the Far East/Pacific Rim Region and the Arzew project in Algeria, the Group's operations are performing in line with expectations. Our near-term focus is on addressing the operational issues in Australia and ensuring that we have the foundations in place around the Group to deliver consistent long-term growth in earnings. The Group's substantial order book provides good near-term visibility and we remain confident of achieving the recently revised expectations for the current financial year."
Outlook The Group's immediate focus is on ensuring we have the organisational structure and operational processes to face and address near-term challenges and deliver future growth. We anticipate continued growth in the demand for our services in the medium and long-term and the Board is confident that the Group is well positioned to be able to deliver long-term value to shareholders.
volcano - on the face of the results I agree but its possibly on the sentiment and positive outlook given by the boss
H1 2012 H1 2011 Growth AER CER Revenue £371.6m £335.0m +10.9% +9.8% Adjusted Profit before tax £12.0m £34.0m -64.7% -68.2% Profit before tax £9.9m £28.6m -65.4% -69.6% Adjusted operating profit margin 4.3% 11.5% -720 bps Basic earnings per share 5.9p 17.9p -67.0% Adjusted diluted earnings per share 7.0p 20.9p -66.5% Interim dividend per share 4.5p 4.5p -
Today?, I hope so, then onwards and upwards i'm out at 220, will have made a tidy profit from the drop a few weeks back
There was a good recover from 200p at the end of May to 300p, before it dropped down to 165p two-weeks ago. Been a good steady recovery to 200p.... (disappointing) results expected end of the month, which I guess are already factored in to the current share price.
seems like the inside track is missing since the new team came on board.
In the Telegraph, the Questor column has to eat humble pie as a former tip, Cape, an energy services company, has halved in value since its last recommendation. A profit warning on an Algerian project has been the main problem but the firm also faces rising costs in Australia. Questor, with his fingers firmly burnt, says hold.
Decent recovery so far from the 160's
Numis downgrades Cape from buy to add, target price 337p.
was there a 500k sell just gone through or a buy
It's gonna break 1.90 easy!
Tore in two minds whether to sell out circ £ 2 (like quite a few PIs I expect) or keep for a while for further upside as it seems like an overreaction...
Hoping for quicky too, not as early as you guys, I've been to busy this am for bottom fishing, but it looks good for a quick in and out today or tomorrow GLA
I got in at £1.77. Hopefully it'll hit £1.90 and i'm outty
Got some at £1.75p...obviously hoping sell off has been overdone! Wonder if dividends will be maintained? If so, yield is circ 8%?
That is the question
Thats where this will finish