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Cape plc, the international provider of essential support services to the energy and mineral resources sectors, announces the award of a three year term contract, with two further one year options with an east coast pharmaceutical giant. The business is a UK affiliate of a Swiss based organisation and is one of the largest and most widely respected pharmaceutical companies in the world. This multi-discipline contract, worth approximately £10 million over three years, is a continuation of a highly successful long-term relationship based upon strong client partner relationships, innovative value for money solutions, world class operational delivery and a strong SHE and quality performance. Steve Connolly, Managing Director of Cape UK, Europe and CIS commented: "We are delighted to maintain our relationship with this pharmaceutical organisation and I would like to thank our delivery teams for their exceptional performance that has served as the platform for both parties to reach this agreement."
Good results were expected, thus factored into the SP. Profit takers have long gone and then this will now head back towards 240P. GL.
back to 300P :)) Said it before, this one is the come back king !!!
Accidentally??? Sounds like yet another fetish to me (haha) ... Anyway, we should get the final court ruling on CEY on 20 March. If positve, hopefully gold price will have risen by then thus stimulating a mini-rally. Anyway, thats the plan :))
Cape reported a pre-tax loss of £140.1m for the year, compared to a profit of £61.9m last year. A charge for exceptional items of 150.4 million pounds was made in 2012, consisting primarily of 123.7 million pounds relating to the impairment of goodwill and assets in the continuing Onshore Australian business and 18.8 million pounds as a consequence of implementing a more prudent approach to accounting estimates. Excluding items, pre-tax profit plunged to 23.8 million pounds from 69.4 million pounds in the previous year. Loss attributable to owners of the company was 200.8 million pounds or 167.0 pence per share, compared to a profit of 47.4 million pounds or 38.8 pence per share last year. Revenue from continuing operations grew to 740.4 million pounds from 698.1 million pounds in the prior year. The directors proposed a final dividend of 9.5 pence per share for 2012, flat with last year. Looking ahead, the company expects the focus on operational excellence to deliver much improved margins in 2013 compared to 2012, albeit on lower activity levels driven by reduced new construction project awards in 2012. Despite the subdued order intake in 2012, the group maintains a robust order book, which gives good near-term visibility and the Board is confident of the outlook for the current year.
Too many permutations. If business was as simple replicating what went right in the previous years, then everyone would be at it. In terms of where we are now: Capital Drilling's revenues rose to £100m for fiscal year 2012 - up 22% year on year. Full year revenue growth was driven by an increased fleet size and higher average revenue per operating rig (ARPOR), with utilisation down year on year, albeit with an improvement in the second half. 2012 average fleet size was 88 rigs (up 13% on 2011: 78 rigs), ARPOR of $192,000 (up 22% on 2011: $158,000) while utilisation of 76% was down from 82% in 2011. Second half KPI's resulted in an increase in fleet size and utilisation, offset by weaker ARPOR. Second half average fleet size was 89 rigs (up from 87 in H1 2012), utilisation was 78% (up from 75% in H1 2012). The group's top line KPI's did soften in the fourth quarter with utilisation rates of 76%, a higher average fleet size of 90 rigs.
Capital Drilling Ltd announced that for fiscal 2013, it expects approximately 90% of its forecast revenue. According to estimates, analysts are expecting the Company to report revenue of £84.95m for fiscal 2013.
Hi Yoshie, always glad to help when and where I can ... In terms of when to sell, you need to decide on your personal strategy i.e. trade short term (work on percentage gains between 5-10% and continue sell on the highs and buy on the dips) - or - invest long term and sell when CAPD reaches YOUR Target Price. Personally, my TP is 60P. It will get there but it will take time and a lot of patience. That said, one needs to keep a very close eye on CEY. Anything that happens there, particularly with respect to the impending court decision, will affect CAPD's SP. GLM.
If we can breakthrough 50p this week then I see blue sky beyond. I just wish I knew the reason for this unexpected rise. It would help me get my strategy straight. We literally rocketed from 35p to 48P in just over a week ...