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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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UPDATE 1-Cape order intake falls on contract delays, project deferrals

(Adds analyst comment, share movement) May 12 (Reuters) - Energy services provider Cape Plc said orders in the first quarter fell sequentially, hurt by delays in key contracts in the UK and project deferrals at its Motherwell Bridge unit. Shares in the company fell as much as 12.2 pe

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BUZZ-Cape: Orders fall on contract delays, project deferrals

** Cape falls as much as 12 pct after it said order book fell in the first quarter ** Cites maintenance-contract delays in UK and project deferrals at Motherwell Bridge unit ** Stock was biggest drag on FTSE small cap index, with nearly 98 pct of its full day average trading volume ch

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Cape order intake falls on contract delays, project deferrals

May 12 (Reuters) - Energy services provider Cape Plc said orders in the first quarter fell sequentially, hurt by delays in key contracts in the UK and project deferrals at its Motherwell Bridge unit. The company's order book during Jan. 1 to April 5 fell to 686 million pounds ($1.07 billio

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