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.

Half Yearly Report.

Highlights

-- Solid operational performance with continued strong execution and margin capture

-- Adjusted Profit Before Tax of GBP34.0m (2010: GBP35.5m)

-- Adjusted diluted earnings per share of 20.9p (2010: 21.0p)

-- Strong performances in Far East/Pacific Rim and CIS/Mediterranean and North Africa regions offsetting anticipated lower activity levels in Gulf/Middle East region

-- Admission to the London Stock Exchange Main Market in June 2011 with anticipated entry to the FTSE 250 index in September

-- Interim dividend of 4.5p per share (2010: 4.0p)

-- Firm order book at 30 June consistent with prior year levels with over 91% of consensus Full Year 2011 revenues secured (2010: 90%)

-- Investment underway to facilitate growth in H2 and beyond

-- As expected, momentum is building on a number of key areas/projects indicating we are entering a sustained period of demand growth for Cape's services

Commenting on the results, Tim Eggar, Chairman of Cape said:

"Cape has an unique combination of capabilities and competences and an outstanding safety performance. We are therefore ideally positioned to benefit from the upturn in demand for our construction support services which is driven by the forecast increased capital spending in our sector and the global demand for energy. We are on track to deliver full year results in line with the Board's expectations."

Commenting on the results, Martin K May, Chief Executive of Cape said:

"Once again Cape delivered a solid first half performance based on continued superior execution and margin capture. In overall terms revenue was in line with our plan and with our high levels of revenue visibility, we confidently expect a return to revenue growth in-line with our double digit target range in the second half.

With Cape's late cycle positioning we enjoy excellent visibility of contract pipelines and we see momentum building. The increases in industry capex with a raft of major project starts and approvals in our key geographies give me confidence that Cape is very well positioned to achieve our organic growth targets. We've also completed two bolt-on acquisitions and entered three new territories so far this year and we see an increasing list of opportunities in our key markets."

Interim Management Statement.

Just out of auction -31.2%.

What's happening here???

hy IMS suggests storm clouds on the horizon

10 November 2011

Cape plc
("Cape" or the "Company")

Director/ PDMR Shareholdings


Cape plc, the international provider of essential, non-mechanical support services to the energy and mineral resources sectors, was informed on 9 and 10 November 2011 of the following purchase by Directors and their connected parties of the Company's ordinary shares of 25 pence ("Ordinary Shares"):

Tim Eggar, Non-Executive Chairman, purchased 2,500 Ordinary Shares at a price of 334 pence per share on 9 November 2011, following which he has a beneficial interest in 16,589 Ordinary Shares representing 0.014 per cent of the issued share capital and total voting rights of the Company.

Martin K May, Chief Executive Officer, purchased 60,000 Ordinary Shares at a price of 341.78 pence per share on 9 November 2011, following which he has a beneficial interest in 690,000 Ordinary Shares representing 0.582 per cent of the issued share capital and total voting rights of the Company.

Sallyann Merton, the wife of Michael Merton, Non-Executive Director, purchased 2,000 Ordinary Shares at a price of 327.32 pence per share on 9 November 2011. Following this transaction, Michael Merton and his connected parties have a beneficial interest of 2,000 Ordinary Shares representing 0.002 per cent of the issued share capital and total voting rights of the Company.

Broker target is 590p. Any more thoughts on the 'storm clouds' as mentioned above. Can't see any relevant RNS's.

[Date: Monday 14 Nov 2011
LONDON (ShareCast) - Evolution Securities has reiterated its add recommendation on industrials services provider Cape despite last week’s trading update which sent shares plummeting.

The stock dove 28% on Wednesday after the firm revealed a fixed-price contract loss and depot closure with a combined charge of £3.6m.

Evolution has revised its 2012 earnings per share estimates from 54.5p to 45p, but while this increases the price-to-earnings ratio, the broker reassures by saying that this still “remains one of the cheapest (stocks) in the sector”.

“However, the shares may not perform until the market feels more confident that last week’s statement was a one-off.”

A 550p target is maintained.]

Looking good Harry.

In auction.

Is there any relevance in the vertical (nov) line?

None whatsoever - I wanted to put a horizontal line at the high - it comes as a pair !

Copy that.

I've changed the X coordinate to 1.

Year End Trading Update.

Year End Trading Update
&
Notice of Results

Cape plc, the international provider of essential, non-mechanical support services to the energy and mineral resources sectors, is pleased to provide the following scheduled trading update following the financial year end on 31 December 2011.
Since the Group's Interim Management Statement on 9 November 2011 ("IMS"), Cape has performed well and Group revenue and underlying profit before tax* for the year are anticipated to be in line with the Board's expectations.

As expected, the strong revenue growth in Q3 continued in Q4 driven by higher levels of activity in three of Cape's four regions. In the Far East/Pacific Rim region, Cape saw increased activity from both onshore project work, in particular Woodside's Pluto LNG project in Australia and the Exxon SPT Olefins project in Singapore, as well as offshore work in Australia with mobilisation at both Kipper Tuna Turrum (off Victoria) and North Rankin (North West Shelf). The UK business experienced higher levels of activity across the power belt with several increased outage scopes and finally, in North Africa we began mobilisation of significant manpower on the Sonatrach GL3-Z LNG project in Algeria. In the Gulf/Middle East region, activity levels were in line with our expectations following delayed release of works.

The Group has also executed on its plans, as referred to in the IMS, to take one-off, non-recurring charges related to a UK contract, now completed, and the exit of commercial construction scaffold hire and sales activities in Queensland, Australia.

Looking ahead, the increase in activity levels seen during Q4 2011 with the commencement of works noted above, gives the Board confidence that 2012 will be a year of significant growth in activity. Over half of Cape's revenues continue to be driven by essential maintenance requirements and regulatory commitments. With a number of major projects in our chosen sectors moving forward we remain confident of delivering on our plans for 2012.

Results for the financial year ended 31 December 2011 will be announced on 6 March 2012.

*Before intangible amortisation, IDC related charges and income, and non-recurring items.

CAPE CIU Chart Weekly pointing to a bullish lift off. Fundys stable after last financial statement........

As per above chart pointing to a bullish future.

Evolution have a target of 550p while this lot have.....

09-Jan-12 Northland Capital Partners Buy 335.60p 590.00p -

590p SP target.

Interesting to see Brokers target SPs
are substantially higher than the current
SP................ Including Northland
Capital who have a BUY Note out today.

Date Broker name New Price Old price target New price target Broker change

01-Feb-12 Northland Capital Partners Buy 0.000p 590.00p
13-Jan-12 Panmure Gordon Hold 376.00p 350.00p 410.00p
14-Nov-11 Evolution Securities Add 354.90p 550.00p

Still that gap to fill.

450p here we come sharpish.

GAP up to 450p to be filled.......