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.

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

Brokers all have a BUY reco on it and little wonder with it being so cheap.

Forward P/E of just 8.4 going forward into 2011 derd cheap.

Cape PLC

FORECASTS 2010 2011
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Panmure Gordon
17-11-10 BUY 67.30 40.50 12.50 73.60 44.10 13.80
W H Ireland Ltd
16-11-10 BUY 69.40 41.90 12.00 75.20 44.50 13.20
Arden Partners
15-11-10 BUY 68.35 40.40 12.00 74.65 43.80 13.15
Eden Group [A]
01-10-10 BUY
Collins Stewart
20-09-10 BUY 40.40 43.00
Numis Securities Ltd
08-09-10 BUY 67.10 40.30 12.00 72.40 43.30 12.80
Evolution Securities Ltd
08-09-10 BUY 67.00 43.70 71.00 46.30

2010 2011
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 67.88 41.16 12.14 73.51 44.16 13.28

1 Month Change 0.02 -0.00 0.00 0.04 0.00 0.00
3 Month Change 2.83 1.48 5.27 2.41 0.83 5.45

Notes to forecasts
(07 Jul 10) A flag refers to outlook


GROWTH
2009 (A) 2010 (E) 2011 (E)

Norm. EPS % % 7.29%
DPS % % 9.33%

INVESTMENT RATIOS
2009 (A) 2010 (E) 2011 (E)

EBITDA 6.00m 95.16m 99.73m

EBIT -12.70m m m

Dividend Yield % 3.27% 3.58%

Dividend Cover x 3.39x 3.33x

PER -46.35x 9.02x 8.40x

PEG f f 1.15f

Net Asset Value PS 46.71p p p

Fresh highs again today.

everyone a Buyer. its so cheap.

a 2011 fprward P/E of just over 8.

Cape PLC

FORECASTS 2010 2011

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)
Panmure Gordon
09-12-10 BUY 67.30 40.50 12.50 73.60 44.10 13.80
Arden Partners
08-12-10 BUY 68.35 40.40 12.00 74.65 43.80 13.15
W H Ireland Ltd
08-12-10 BUY 69.40 41.90 12.00 75.20 44.50 13.20
Eden Group
01-10-10 BUY
Collins Stewart
20-09-10 BUY 40.40 43.00
Numis Securities Ltd
08-09-10 BUY 67.10 40.30 12.00 72.40 43.30 12.80
Evolution Securities Ltd
08-09-10 BUY 67.00 43.70 71.00 46.30

2010 2011
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 67.89 41.15 12.14 73.53 44.16 13.28
1 Month Change 0.03 0.00 -0.00 0.05 0.00 0.00
3 Month Change 0.06 -0.05 0.02 0.16 -0.01 0.04


GROWTH
2009 (A) 2010 (E) 2011 (E)

Norm. EPS % % 7.30%
DPS % % 9.35%

INVESTMENT RATIOS
2009 (A) 2010 (E) 2011 (E)

EBITDA 6.00m 95.19m 99.77m
EBIT -12.70m m m
Dividend Yield % 3.12% 3.42%
Dividend Cover x 3.39x 3.33x
PER -48.56x 9.45x 8.80x
PEG f f 1.21f
Net Asset Value PS 46.71p p p

Top performing Fund Manager Mark Slater has recently revealed his "5 Winners For 2011". These are all stocks in his existing MFM Slater Growth portfolio which produced a return of 82.7% in the year to the end of October, easily out performing the 17.6% by the FTSE All Share over the same period.

http://www.trustnet.com/Factsheets/Factsheet.aspx?fundCode=W...

His 5 winners include AIM listed CIU

CIU (cape)

I really like the look of this chart and see the pullback on tuesday as a positive development and can see the top of channel range being hit fairly quickly.

Derd cheap and brokers love it. Just look how cheap it is make no wonder the Slaters like this stock. Forward P/E of just 8.9 to 2011, its one of the CHEAPEST AND FASTEST GROWING COMPANYS ON THE LSE.

Cape PLC

FORECASTS 2010 2011
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Panmure Gordon
16-12-10 BUY 67.30 40.50 12.50 73.60 44.10 13.80
Arden Partners
14-12-10 BUY 68.35 40.40 12.00 74.65 43.80 13.15
W H Ireland Ltd
10-12-10 BUY 69.40 41.90 12.00 75.20 44.50 13.20
Fyshe Horton Finney Ltd
25-11-10 BUY
Eden Group
01-10-10 BUY
Collins Stewart
20-09-10 BUY 40.40 43.00
Numis Securities Ltd
08-09-10 BUY 67.10 40.30 12.00 72.40 43.30 12.80
Evolution Securities Ltd
08-09-10 BUY 67.00 43.70 71.00 46.30

2010 2011
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 67.92 41.12 12.15 73.61 44.15 13.30
1 Month Change 0.04 -0.03 0.01 0.11 -0.01 0.02
3 Month Change 0.08 -0.07 0.02 0.23 -0.02 0.05


GROWTH
2009 (A) 2010 (E) 2011 (E)

Norm. EPS % % 7.36%
DPS % % 9.43%

INVESTMENT RATIOS
2009 (A) 2010 (E) 2011 (E)

EBITDA 6.00m 95.26m 99.90m
EBIT -12.70m m m
Dividend Yield % 3.08% 3.37%
Dividend Cover x 3.38x 3.32x
PER -49.34x 9.60x 8.95x
PEG f f 1.22f
Net Asset Value PS 46.71p p p

Trading Statement

Cape plc, the international provider of essential, non-mechanical industrial services principally to the energy and mineral resources sectors, is pleased to confirm that trading in the year to 31 December 2010 was in line with expectations.

As anticipated, the Group's overall activity and revenue levels have remained broadly consistent with the prior year. Cape has continued to benefit from its international footprint across strategically important growth markets within the energy sector. On a regional basis, the pattern seen in the first half of 2010 continued through the rest of the year with higher activity levels in the Far East/Pacific Rim region offsetting the expected lower activity levels in the Gulf/Middle East and UK regions.

And.....

excelent news very significant for
CIU..........



Cash generation has again been strong with net debt expected to have halved in the year to less than 57m at the year end.



The Group is also pleased to announce that it has successfully refinanced its banking facilities on favourable terms through to June 2015. The new 220m syndicated credit facility with Lloyds Banking Group, Barclays Bank, National Australia Bank and HSBC, acting as joint mandated lead arrangers, provides Cape with a strong financial platform and the flexibility to support future growth.

Just look at this.... every Broker with a Buy reco.

Doesnt happen very often that. (from hemscott premium this morning)

Cape PLC

FORECASTS 2010 2011
Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Panmure Gordon
05-01-11 BUY 67.30 40.50 12.50 73.60 44.10 13.80
Numis Securities Ltd
04-01-11 BUY 68.80 41.00 4.00 71.20 43.60 12.00
Arden Partners
03-01-11 BUY 68.35 40.40 12.00 74.65 43.80 13.15
Shore Capital
31-12-10 BUY 67.20 40.50 12.00 70.60 43.60 13.50
W H Ireland Ltd
17-12-10 BUY 69.40 41.90 12.00 75.20 44.50 13.20
Fyshe Horton Finney Ltd
25-11-10 BUY
Eden Group
01-10-10 BUY
Collins Stewart
20-09-10 BUY 40.40 43.00
Evolution Securities Ltd
08-09-10 BUY 67.00 43.70 71.00 46.30

2010 2011
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 68.06 41.00 10.12 72.58 43.98 13.08
1 Month Change 0.16 -0.15 -2.02 -0.95 -0.18 -0.19
3 Month Change 0.21 -0.19 -2.01 -0.83 -0.18 -0.16


GROWTH
2009 (A) 2010 (E) 2011 (E)

Norm. EPS % % 7.27%
DPS % % 29.32%

INVESTMENT RATIOS
2009 (A) 2010 (E) 2011 (E)

EBITDA 6.00m 95.37m 100.12m
EBIT -12.70m m m
Dividend Yield 0.00% 2.45% 3.17%
Dividend Cover x 4.05x 3.36x
PER -51.53x 10.06x 9.38x
PEG f f 1.29f
Net Asset Value PS 46.71p p p


Forward P/E of just over 9 for this year ending
WAY TOO CHEAP.

Business as usual.