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.

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.......

See post 265 :-)

ooooops, soz.

getting carried away.

I swear sometimes I dont even know whiich board im on let alone which thread. Lol.

HYPING............ not ramping. Subtle difference.

CAPE CIU

Gone long again.

results out on 6th March.

Collins Stewart forecast eps of 47.4p
for 2012 and 55.3p next year.

FAR TOO CHEAP.

Cape PLC CIU

Brokers all pretty much behind a buy
on cape CIU. P/E of just 9.4 2012.

Deserves a re- rating.

FORECASTS 2011 2012
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Panmure Gordon
20-02-12 HOLD 66.60 40.70 13.40 78.30 48.10 14.80
Arden Partners
17-02-12 NEUT 67.13 38.70 13.20 69.18 41.16 13.99
Northland Capital Partners Ltd
08-02-12 BUY 66.20 41.10 13.10 72.20 45.00 14.00
Shore Capital
03-02-12 BUY 68.00 42.00 13.50 78.50 49.10 15.00
Numis Securities Ltd
02-02-12 BUY 67.00 41.30 72.60 44.80
Broker Name Withheld 3
12-01-12 BUY 67.20 43.21 13.50 74.30 47.43 15.00
Investec Securities
07-12-11 BUY 64.42 39.98 11.99 73.13 45.60 12.77
Evolution Securities Ltd
14-11-11 ADD 64.10 40.90 13.50 69.30 44.80 14.50
Altium Securities
09-11-11 BUY 68.00 42.00 13.50 77.10 48.10 14.90

2011 2012
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Consensus 66.62 41.08 13.22 74.02 46.01 14.39
1 Month Change 0.05 0.04 0.14 0.28 0.16 0.16
3 Month Change -0.64 -0.54 0.05 0.06 -0.15 0.12


GROWTH
2010 (A) 2011 (E) 2012 (E)

Norm. EPS % 0.72% 12.01%
DPS % 230.58% 8.81%

INVESTMENT RATIOS
2010 (A) 2011 (E) 2012 (E)

EBITDA £92.10m £94.15m £101.17m
EBIT £72.10m £74.56m £78.82m
Dividend Yield 0.92% 3.03% 3.30%
Dividend Cover 10.20x 3.11x 3.20x
PER 10.71x 10.63x 9.49x
PEG f 14.78f 0.79f
Net Asset Value PS 102.89p p p


Hemscot Premium.

Broker flash........

just out

WH Ireland Securities initiates buy on Cape, target price 515p.

Brokers with Buys on CAPE CIU giving SP targets:

Present SP as I post 440p

Date Broker name New Price Old price target New price target

28-Feb-12 WH Ireland Buy 440.00p - 515.00p....... New Coverage
01-Feb-12 Northland Capital Partners Buy 401.00p 590.00p
14-Nov-11 Evolution Securities Add 354.90p 550.00p
08-Nov-11 Northland Capital Partners Buy 465.00p - 590.00p
01-Nov-11 Arden Partners Buy 463.80p 620.00p

Compiled from Digital Look

CIU CAPE

That new Broker note in more detail..

Broker Notes

WH Ireland initiated coverage of Cape (CIU) with a "buy" rating and target price of 515p. The broker believes the energy services company is well positioned to take advantage of growing world energy demand and added that the firm's key growth driver will be the Australian liquefied Natural Gas sector. The broker's forecasts put the shares on a prospective multiple of 9.5 times in 2012, falling to 8.1 times in 2013, which it noted is well below the peer group average. The shares edge up by 0.2p to 440p.

http://uk-analyst.com/shop/page-advice/action-advertorial.show/id-130016739

Collins Stewart reiterates its Buy TP raised from 446.00 to 507.00p