Cape plc is an industrial services business that as divisions in predominantly, building, scaffolding and insulation. It carries its busines out both here and abroad and is slowly but surely regenerating itself into a market leader and throwing off its old boring industrial image.

In a recent trading update on the 22/6/2004 it had several positive points that it announced at its AGM.

The chairman Martin May said,

'I am pleased to report that at the end of the first five months of trading, the
Company is ahead of budget and like-for-like sales show an encouraging increase
year on year.

Sales remain strong across most of the Company's activities with a healthy order
book to the year end in line with normal business expectations. Results from
the Company's offshore business have been particularly strong. Outside the UK,
CIS has experienced a number of accelerated contract start dates during the
first five months of trading and therefore turnover growth is expected to
balance itself during the second half of the year.

CIS continues to enjoy a strong position in most of the markets in which it
operates and since the beginning of the year, has been awarded a number of new
contracts both in the UK and internationally. In the UK, CIS is providing a
range of services on the 'Golden Eye' project offshore at St Fergus and
Mossmorran, and was awarded two three year onshore maintenance contracts for
industrial cleaning services and the provision of scaffolding and access
equipment at 'Didcot A Power Station'.

In the Middle East, CIS has been awarded a $6 million contract with Consolidated
Contractors Company for insulation work at Muscat, strengthening the Company's
leading position as a provider of insulation services in Oman. In Qatar, a
market where CIS has identified a number of new opportunities, CIS was awarded a
three year maintenance contract at Dukhan for Qatar Petroleum. Whilst still
taking advantage of further major project work, CIS continues to grow its
presence in higher-margin maintenance work on scaffolding and insulation
contracts, which now contributes about 60% of profitability in this region. ENDS.

Very encouraging news indeed.

Then if we look back at the last results we find that the company had an excelent trading period and also settled the ongoing litigation it had with the South African and UK shipyards something which in the past held this ones share price back.

FINANCIAL HIGHLIGHTS


Cape Industrial Services turnover(1) up 19.1% to 228.3m (2002: 191.7m)

Cape Industrial Services operating profit(1) up 8.7% to 10m (2002: 9.2m)

Group turnover(1) of 231.9m (2002: 224.8m)

Group operating profit from continuing operations(1) was 3.5m
(2002: 15.6m)

Group operating profit from continuing operations(1)(2) up 32.7% to
7.3m (2002: 5.5m)

Year end net debt reduced to 5.4m (2002: 19.3m)


(1) including its share of continuing joint ventures

(2) before compensation for industrial disease costs of 3.8m (2002: credit
of 10.1m)


OPERATIONAL HIGHLIGHTS

Settlement of South African and UK shipyards asbestos litigation

Group restructuring fundamentally complete

New project wins in UK and Middle East

Key objectives set following strategic review


KEY FUNDIES

.Market cap circa of 55 million

.P/E historic of circa 7.3

.Forward P/E of 6.8

.Gearing approx net cash -5 to -6million

I beleive results to be out late september, buying in now could be very worthwhile.

Please DYOR.


cheers GF.

197.5p now.

JOINT VENTURE WITH STATE OIL COMPANY OF AZERBAIJAN


RNS Number : 6090O
Cape PLC
01 July 2010

For immediate release: 1 July 2010

CAPE PLC
("Cape" or the "Company")

CAPE ESTABLISHES JOINT VENTURE WITH STATE OIL COMPANY OF AZERBAIJAN

Cape plc, the international provider of essential, non-mechanical industrial
services principally to the energy and mineral resources sectors, is pleased to
announce the establishment of a Joint Venture with the State Oil Company of
Azerbaijan (SOCAR). The SOCAR-Cape JV, owned 51% by SOCAR and 49% by Cape, will
pursue opportunities associated with the future development of the oil and gas
sector in Azerbaijan.

The agreement was signed in Baku on 30 June 2010 by SOCAR President Rovnag
Abdullayev and Cape's regional director for CIS, Mediterranean and North Africa,
Guy Rackham.

Cape has been established in the central Asian Republic of Azerbaijan for over
ten years, both directly and through its acquisition of PCH in 2007. The
SOCAR-Cape JV will have the resources to meet the expected increased demand for
Cape's specialist non-mechanical services including access and insulation. The
Company believes there will be significant opportunities in the coming years
arising from new projects, maintenance and shutdown activities relating to the
continued development of the Azeri-Chirag-Guneshli oil project and Shah Deniz
gas condensate development project.

The establishment of this joint venture is in line with SOCAR'S strategy of
partnering with key contractors.

Martin May, Chief Executive of Cape plc, commented,

"We are delighted that SOCAR has chosen to enter into this joint venture with
Cape. Azerbaijan is a key country for the growth of Cape's CIS business owing to
its large oil and gas deposits and the significant investment in the region. A
partnership with the State oil company provides Cape with high level access to
major projects that will require our services. This is an exciting opportunity."

Let us hope that it is "exciting" enough to lift the price?

CAPE WINS ABU DHABI CONTRACT



TIDMCIU


Cape PLC
06 July 2010

Embargoed: 0700hrs, 6 July 2010

CAPE WINS ABU DHABI CONTRACT

BOROUGE PHASE 3 PETROCHEMICAL EXPANSION PROJECT

Cape plc, the international provider of essential, non-mechanical industrial
services principally to the energy and mineral resources sectors, has been
awarded a letter of intent valued at circa US$18 million to provide Thermal
Insulation Works on the Borouge Phase 3 petrochemical project in Ruwais, Abu
Dhabi. Cape has been operating in Abu Dhabi since 1979 and this award follows
Cape's successful completion of the Thermal Insulation Works on Borouge Phases 1
& 2.

The award has been made by Consolidated Contractors International Company and
Linde Engineering, the main Engineering, Construction and Procurement (EPC)
contractors for the construction of the ethane cracker.

The Borouge Phase 3 expansion will quadruple Borouge's polyolefins production
capacity at Ruwais to over 4.5 million tonnes per year by 2013, making it the
largest integrated polyolefins site in the world.

Borouge is a leading provider of innovative, value creating plastics solutions.
A joint venture between the Abu Dhabi National Oil Company (ADNOC), one of the
world's major oil companies, and Austrian based Borealis, a leading provider of
chemical and innovative plastics solutions, the company's footprint reaches
across the Middle East, Asia Pacific, the Indian sub-continent and Africa.

Broker consensus has a target of 350p on Selftrade.
Also, trading statement due from CIU on 7th July '10.

trading Update.

Highlights:



Cape benefitting from improved operating margins and favourable exchange movements

Net debt reduced to below 100m at the half year

Board anticipates that the Company's performance for the year ending 31 December 2010 will be ahead of their previous expectations

Cape wins 27m Algerian contract.

Cape has won a contract worth in excess of 27m for the provision of the total insulation works at the Sonatrach GL3-Z LNG Project in Arzew, Algeria. The contract was awarded by Snamprogetti Chiyoda s.a.s. di Saipem.

Work will start in the first quarter of 2011 with completion scheduled for the first half of 2012.

Cape says this is its first major LNG project contract win in North Africa since the Damietta LNG project in Egypt in 2002.

Half Yearly Report.

Highlights



Adjusted Profit Before Tax(1) up 17.5% to 35.5m (2009: 30.2m) at AER(10) and up 19.5% at CER(10)

Adjusted operating profit margin(2) increased to 12.1% (2009: 10.5%) reflecting benefits of geographic diversification and restructuring

76% of revenues generated from the energy and mineral resources sectors

Adjusted diluted earnings per share(3) up 16.0% to 21.0p (2009: 18.1p)

Basic earnings per share up 30.1% to 21.6p (2009: 16.6p)

Free cash flow(4) up 20.0% to 19.2m (2009: 16.0m) with operating cash conversion(5) of 72.7% (2009: 73.9%)

Balance sheet continues to strengthen with net debt(6) reducing by 37.2% to 95.1m (2009: 151.5m), with ratio of net debt to annualised adjusted EBITDA(7) reducing to less than one times (2009: 1.7 times) and to within the Board's stated target range

Return to dividend list with declared interim dividend of 4.0p per share (2009: nil)

Timetable agreed for return to Main Market of LSE in Q2 2011

Order book remains at prior year levels with over 90% of consensus 2010 revenues(9) now secured

Excellent turn today around on good volume.

Excellent chart.

Early bath!

New highs today.

I know its not one of those "exciting oil companies" but, so far - another good day!

And again today!

New high hit again today @360.

And again today!

And again 373.50

CAPE PLC
("Cape" or the "Company")

CHANGE TO OIL EQUIPMENT & SERVICES ICB CLASSIFICATION

Cape plc, the international provider of essential, non-mechanical industrial
services principally to the energy and mineral resources sectors announces that
it has been in discussion with FTSE regarding the reclassification of Cape as an
Oil Equipment & Services company, a description which Cape considers reflects
more accurately the weight of its business activity. The Company has been
informed that its shares are expected to be reclassified into the Oil Equipment
& Services sector with effect from 20th December 2010.

Additionally, as required by AIM Rule 17 and Schedule 2 Annex III, the Company
has updated information relating to directors of the Company on its website at:
http://www.capeplc.com/cape/pages/aboutus/ourboard

hylo - you will be pleased to know I've just taken my profits here!

'Energy services group represents a tempting acquisition target'
Check out the Investors Champion 'Tempting Stocks' commentary from 11th October
http://www.investorschampion.com/tempting-stocks