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BUZZ-Cape: falling profit hits shares

Tue, 23rd Aug 2016 07:42

** Cape -3.1 pct, within touching distance of amulti-year low

** Co, which provides insulation and coatings to the energysector, says H1 PBT from cont ops down to 1.4 mln stg vs 17.6mln stg last year

** H1 revenue up 10 pct, driven by Asia Pacific business,but says weaker-than-expected margins in UK result in groupoperating profit drop of 25 pct

** Co sees profit weighted to H2 and says order intake downto 309 mln stg from 399 mln stg

** About a third of 30-day avg volume gone through in first15 minutes

** Up to Monday's close, stock had fallen about 20 pct YTDcompared with a 5.9 pct increase in the FTSE Small Cap index (Reuters Messaging: pranav.kiran@thomsonreuters.com@reuters)

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17 Jan 2017 07:55

Cape secures scaffolding contract in Saudi Arabia

(ShareCast News) - Cape, which provides critical industrial services to the energy and natural resources sector, has secured a scaffolding contract in Saudi Arabia from Daewoo. The company's Saudi operations have received a scaffold contract amendment to provide for an increased scope of 107,000 squ

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5 Jan 2017 07:50

Cape sees FY results 'materially ahead' of current views

(ShareCast News) - Cape said on Thursday that its full-year results for 2016 are likely to be "materially ahead" of current market expectations, as it announced the award of additional work packages on the Chevron-operated Wheatstone natural gas project. The company, which provides critical industr

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2 Dec 2016 14:49

Friday broker round-up

(ShareCast News) - John Menzies: Berenberg starts coverage at buy with a target price of 660p. Synthomer: Jefferies stays at hold 367p target. WPP: Deutsche Bank reiterates buy with a 1890p target. MCBride: Berenberg starts coverage at buy with a 220p target. Acacia Mining: Canaccord stays at ove

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18 Nov 2016 08:57

Cape warns of increased risks from asbestos litigation claims

(ShareCast News) - Although its full year results are likely to beat market expectations, shares in Cape have fallen to their lowest in seven and a half years as the industrial services group warned of "increased risk" of adverse impact from industrial disease litigation claims over its old asbestos

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5 Oct 2016 06:49

Cape Signs Extended And Expanded North Sea Contract With Perenco

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24 Aug 2016 08:28

BROKER RATINGS SUMMARY: RBC Upgrades OneSavings Bank To Outperform

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23 Aug 2016 11:33

Cape has mixed first six months due to weak UK business

(ShareCast News) - Cape, an international provider of industrial services to the energy and natural resources sector, reported mixed results for the first half of the year due to weaknesses in the UK business, but maintained that full-year expectations were unchanged. For the six months ended 3 July

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21 Jul 2016 08:31

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20 Jul 2016 08:25

Cape Increases Provision For Historical Industrial Disease Claims

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24 Jun 2016 06:38

Cape Agrees To Amend And Extend Revolving Credit Facility

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