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Cape Recovery (CIU)     

Lord Gnome - 14 Mar 2013 22:51

Chart.aspx?Provider=EODIntra&Code=CIU&Si

Here it is, your all new Cape plc thread. The chart features Bollinger Bands, MACD, 50 and 200 day SMAs.

Cape plc, provides a range of non-mechanical industrial services including access systems, insulation, painting, coatings, blasting, industrial cleaning, training and assessment to both industrial plant operators and major international engineering and construction companies.

Web Site Link:http://www.capeplc.com

skinny - 03 Sep 2013 10:26 - 35 of 110

M&G group > 15%

skinny - 09 Sep 2013 10:51 - 36 of 110

Ex dividend Wednesday 4.50p.

skinny - 09 Sep 2013 13:22 - 37 of 110

J O HAMBRO CAPITAL MANAGEMENT GROUP LIMITED > 5%

skinny - 11 Sep 2013 16:49 - 38 of 110

Reasonable performance in the end and on ex dividend day.

skinny - 13 Sep 2013 09:44 - 39 of 110

Numis Hold 267.38 265.00 300.00 300.00 Reiterates

halifax - 26 Sep 2013 14:34 - 40 of 110

sp 246p down 5% following JP Morgan re-rating.

skinny - 22 Oct 2013 16:21 - 41 of 110

Following LAM - again - low volume.

skinny - 25 Oct 2013 09:18 - 42 of 110

Trying 280 again.

Chart.aspx?Provider=EODIntra&Code=CIU&Si

skinny - 25 Oct 2013 09:28 - 43 of 110

Interim management Statement November 18th - Financial Calendar

goldfinger - 25 Oct 2013 09:37 - 44 of 110

Beat me to it skinny. Next resistance 300p.

skinny - 25 Oct 2013 09:50 - 45 of 110

Cape secures access contract in Thailand

Cape plc, the international provider of essential industrial services to the energy and natural resources sectors announces it has been awarded a two-year outline service agreement by STP&I Public Company Limited (STP&I).

Cape will provide scaffolding support services for Package 1, Plot A on the LNG Pre-Module Fabrication activities at the Laemchabang facility in Thailand, prior to their onward shipment to the onshore Ichthys LNG facility in Australia.

skinny - 15 Nov 2013 07:22 - 46 of 110

Interim Management Statement

Trading

The Group's overall trading for the third quarter was in line with the Board's expectations. Overall revenues were slightly ahead of expectations, offset by the margin impact of a less favourable mix of activity in the UK and lower than expected margin project work in the Middle East. Whilst the third quarter was in line with expectations, the Board expects that the full year result will be further impacted by operational challenges on a specific project in the Middle East.

UK & CIS

The UK business continues its robust performance and is trading in line with expectations, with higher revenue being offset by a slightly lower margin resulting from a mix of work weighted more toward the lower margin offshore market. Volumes in Kazakhstan reduced as anticipated as major project work there, such as the Kashagan development project, nears completion. Mobilisation of the significant maintenance project in Azerbaijan continues to plan and the business is focused on working with the State Oil Company of Azerbaijan (SOCAR) to agree outstanding commercial and financing arrangements for the Joint Venture.

MENA

As expected, activity levels in KSA continue to be high, partially offsetting a slowdown in UAE as several significant projects in that part of the region are coming to completion. Competitive pressures, combined with operational difficulties on a specific project in Qatar, will impact the region's performance in the second half. These operational issues have been recognised early in the project lifecycle and the necessary corrective actions are being taken. It is anticipated that second half margins for this region will be significantly below those delivered in the first half.

The Arzew Project in Algeria has been largely completed as anticipated in the revised plan; the cost to complete is within the previously disclosed provisions and cash receipts continue to be in line with agreed commercial terms.

Asia Pacific

As expected, market conditions continue to be challenging in both Asia and Australia. Despite this, the business delivered a better than expected performance in the third quarter as the benefits of the performance improvement plan for the Group's Australian business began to bear fruit. It is anticipated that this region will achieve a breakeven position by the end of the current financial year and return to profitability in FY14. This improvement in the outlook for the Australian business will be further strengthened by the award of the access contract for the Wheatstone project announced today, expected to be worth in excess of £45m. A decision on the award of the substantial insulation, fireproofing and coatings contract for the same project is expected shortly.


Order Book

The Group's order book as at 30 September 2013 stood at £482m (30 June 2013: £593m) reflecting expected timing of key target contracts and the on-going challenges in a number of the Group's markets.

The Group's financial position remains robust with net debt at 30 September 2013 of £78.3m (30 June 2013 £73.9m).

Outlook

The Board anticipates that the full year operating profit will be materially below previous expectations as a result of the project specific operational challenges in the Middle East. Group earnings per share is expected to be slightly below previous expectations as a result of the mitigating effect of the minority interest in the Qatar business and an improvement in the Group's overall tax rate.

The Group has targeted a number of key prospects to be secured during the next two quarters which will be important in delivering the Board's expectation of improved performance in 2014. The near term strategy and focus for the Management team is on securing these prospects and continuing to drive operational excellence throughout the Group.

Conference Call: 8.00am GMT 15 November 2013

A conference call for analysts and investors will take place at 8.00am this morning. The conference call can be accessed by dialling +44 (0)203 139 4830 and pin code 99360776#.

skinny - 15 Nov 2013 07:23 - 47 of 110

CAPE AWARDED WHEATSTONE PROJECT CONTRACT

Cape plc is pleased to announce that its wholly owned subsidiary Cape Australia Onshore has entered into an agreement with Bechtel, one of the world's most respected engineering, project management, and construction companies, for the supply of Scaffold Erection and Dismantling Services on the Chevron-operated Wheatstone Project in Western Australia.

The contract, valued at over AUD $80 (£45) million expects to create 135 new Australian jobs, all located onsite at Ashburton North, 12 kilometres west of Onslow in Western Australia. Jobs include approximately 95 skilled scaffold erectors supported by 40 supervision, safety, administration and management roles.

Joe Oatley, Chief Executive of Cape plc, said: "We are delighted to announce the award of this contract which will create new local employment opportunities and recognises the management and expertise of our recently reshaped Australian business. Building on Cape's considerable world-class LNG construction expertise, this contract will provide a solid base of project activity for our Australian business."

"We look forward to working closely with our client, and supporting them in delivering safe, efficient and productive construction activities on one of Australia's largest resource construction projects."

skinny - 15 Nov 2013 07:57 - 48 of 110

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skinny - 15 Nov 2013 08:06 - 49 of 110

And there it is - down 16% at open!

skinny - 18 Nov 2013 08:46 - 50 of 110

JP Morgan Cazenove Neutral 273.75 270.00 299.00 288.00 Reiterates

skinny - 27 Nov 2013 09:46 - 51 of 110

Numis Buy 266.88 267.25 300.00 300.00 Upgrades

skinny - 29 Nov 2013 09:00 - 52 of 110

Cape Awarded Second Wheatstone Project Contract

Cape plc is pleased to announce that its wholly owned subsidiary Cape Australia Onshore has entered into an agreement with Bechtel for the provision of Painting, Insulation and Fireproofing Services on the Chevron-operated Wheatstone Project in Western Australia.

The contract, valued at over AUD 275 million (£155 million), is expected to create 490 new Australian jobs, all located onsite at Ashburton North, 12 kilometres west of Onslow in Western Australia. Jobs include over 390 metal workers, blaster and painters, cryogenic insulators and fire proofers supported by 100 supervision, safety, administration and management roles.

skinny - 28 Jan 2014 07:07 - 53 of 110

Cape plc, the international provider of essential support services to the energy and mineral resources sectors, will announce its preliminary results for the year ended 31 December 2013 on Wednesday 19 March 2014.

skinny - 11 Mar 2014 07:13 - 54 of 110

Acquisition of leading tank storage specialist

Acquisition of leading tank storage specialist

Cape plc, the international provider of critical support services to the energy and mineral resources sectors, announces today that it has acquired UK-based Motherwell Bridge, a leading provider of storage tanks, gasholders and heat exchangers to the energy and steel markets.

The total consideration for the acquisition amounts to £37.65 million on a cash free, debt free basis, comprising of an initial cash consideration of £34.0 million, debt of £0.9 million, deferred consideration of £1.25 million contingent on a key contract win and up to £1.5 million related to future performance. The acquisition will be funded from the Group's existing debt facilities and is expected to be earnings enhancing in the current financial year ending 31 December 2014.



Motherwell Bridge, headquartered in Lanarkshire, Scotland, is recognised internationally as a leader in the specialist storage tank market. The business has an excellent global brand reputation and has historically delivered a significant number of storage tanks around the world. In addition, Motherwell Bridge also provides and maintains gasholders for the global steel industry, and maintains and refurbishes heat exchangers primarily in the UK continental shelf. Motherwell Bridge has a strong management team, all of whom will remain with the business post acquisition.



Motherwell Bridge employs approximately 300 people, primarily located in the UK. For the year ending 31 December 2012, Motherwell Bridge generated EBITA of £4.8 million on a revenue of £34.6 million. Its gross assets as at 31 December 2012 were £42.4 million.
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