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

And there it is - down 16% at open!

JP Morgan Cazenove Neutral 273.75 270.00 299.00 288.00 Reiterates

Numis Buy 266.88 267.25 300.00 300.00 Upgrades

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.

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.

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.

Canaccord Genuity Buy 321.25 324.00 300.00 360.00 Reiterates

Preliminary Results

Highlights
· Adjusted operating profit up 48% to £41.0m (2012: £27.7m)
· Adjusted diluted earnings per share up 86% to 23.6p (2012: 12.7p)
· Order intake at £625m (2012: £619m); order book at 31 December 2013 10% lower at £648m (31 December 2012: £720m)
· Arzew project completed to revised plan and within the existing provision
· Divestment of non-core operations and Performance Improvement Plan in Australia completed
· Substantial progress on the first phase of strategy to stabilise the operational performance of the business
· £37.7m acquisition of Motherwell Bridge in Q1 2014
· Operating cash flow up 20% to £49.7m (2012: £41.5m) resulting in adjusted net debt of £60.2m (2012: £65.2m)
· Full year dividend 14.0p (2012: 14.0p)
· The Board is confident in the continued improvement in operating performance and the future prospects of the Group

Contract Award - Cape Hong Kong Fuji

23 April 2014

Cape Plc, the international provider of critical support services to the energy and mineral resources sectors, announces its subsidiary, Cape Hong Kong Fuji (CHKF), has been awarded a three year contract with a major power supplier in Hong Kong, for the provision of safe access services and associated services.

Cape acquired Hong Kong Fuji Technology, now CHKF, in March 2012, in order to expand the Group's presence in this region. The business has performed well since acquisition and this contract award further demonstrates the successful integration of the acquisition.

Joe Oatley, Chief Executive of Cape commented:
"We are delighted with this contract award and look forward to building on our existing relationships in the region. In order to secure this award a cross-regional team has built on the best practice processes and knowledge in our UK operations and implemented them in our Hong Kong business to deliver an enhanced service and better value to our client. This demonstrates the progress we have made in implementing our strategy to work as one global business to deliver value to our key stakeholders."

Interim Management Statement

Trading
The Group's overall trading for the first quarter was in line with the Board's expectations.

The UK, Europe and CIS region has performed as expected with strong volume in the UK onshore market offsetting lower than anticipated volume in the UK offshore market and very low levels of project activity in Kazakhstan following the completion of Cape's work associated with the Kashagan project. Constructive discussions are ongoing with Cape's partner in Azerbaijan regarding the commercial structure of the joint venture and the business is now actively bidding for a number of significant new construction projects within the country. It is likely that the joint venture will require a material investment during the year in support of both existing and future projects. The acquisition of Motherwell Bridge, announced in March 2014, is performing as expected and the integration is progressing to plan.

The MENA region achieved strong order intake in the first quarter driven by the award of a number of construction projects in Saudi Arabia and the renewal of key term maintenance contracts in Qatar. Revenue and operating profit exceeded expectations with strong growth compared to the prior year in both Qatar and Saudi Arabia. The previously announced onerous contract in Qatar continues to perform in line with the revised expectations. The project is still in its initial stages, with a significant increase in work load anticipated over the summer months.

Activity levels in the Asia Pacific region have been impacted by delays to the mobilisation of the Wheatstone contract in Australia and low levels of activity in Hong Kong prior to the renewal of the key term maintenance contract. The Wheatstone project is now mobilising and volumes are expected to ramp up through the year. Cape was awarded the renewal of the main maintenance contract in Hong Kong at the end of March.

The Group order book, as at the end of March, is £84m higher than the 2013 year end position at £732m (31 December 2013: £648m), with particularly strong order intake from the MENA region. Bidding activity remains high across the Group but particularly in the MENA and UK, Europe and CIS regions.

Outlook
Market conditions remain mixed across the Group's regions, with strong demand in the MENA region offsetting low levels of demand for construction in the CIS and Asia and maintenance in Australia. The UK market remains at similar levels to 2013.

Given the steady performance in the first quarter, the current view of market conditions and the operational progress of the business, the Board remains confident that the business overall is on track to deliver in line with expectations for the year ending 31 December 2014.

Financial calendar
Cape expects to announce its results for the half year ending 30 June 2014 on 27 August 2014.

Back on the list.

Interim results for the period ended 29 June 2014

Highlights

· Overall trading performance in line with expectation:

o UK, Europe & CIS region performed in line with expectation

o MENA region performed ahead of expectation, with strong results in all major countries

o Asia Pacific region had a slow start to year with subdued activity in the Asia countries

· Order intake during the first half increased by 33% to £317m (H1 2013: £239m)

· Revenue decreased by 13% to £322.3m (H1 2013: £370.8m):

o Adverse foreign exchange movements accounted for 6% of the decrease

o 3% benefit resulting from the Motherwell Bridge acquisition

o Underlying reduction of 10% driven by the completion of a number of significant construction projects during 2013

· Adjusted operating profit decreased by 12% to £23.4m (H1 2013: £26.5m) with adjusted operating margin improving to 7.3%

· Period-end adjusted net debt of £132.0m (H1 2013: £73.9m, 31 December 2013: £60.2m), impacted by the £37.6m acquisition of Motherwell Bridge and a significant working capital outflow, driven by the seasonality of the UK power market

· Adjusted diluted earnings per share from continuing operations was 12.9p (H1 2013: 14.8p)

· The Group has declared an interim dividend of 4.5p (H1 2013: 4.5p) per share

StockMarketWire.com
Cape, an international leader in the provision of critical industrial services to the energy and natural resources sectors, has won a contract with BP to supply services within the Magnus Life Extension project, MLXP.

MLXP is a project being undertaken by BP as part of its North Sea renewals programme, and will see work carried out continuously from now through to Q2 2015.

The North Sea business will then work systematically to renew and refresh the fabric of the asset on a large-scale-project basis, clearing the way to embark on new drilling and the value-adding work that will see Magnus maximise its potential.

Cape UK managing director Simon Hicks said: "We are delighted to be awarded this project to support BP in its North Sea renewals programme, we look forward to working with BP to deliver this project safely and effectively."

JP Morgan Cazenove Overweight 283.00 355.00 355.00 Reiterates

Numis Buy 283.00 370.00 370.00 Reiterates

Canaccord Genuity Buy 283.00 360.00 360.00 Reiterates

Cape awarded multiple contracts in Azerbaijan

Cape plc is delighted to announce its SOCAR Cape joint venture has been awarded three significant contracts in Azerbaijan. The contracts are for the supply of services to projects that are part of the development of the Shah Deniz field, a major natural gas development in Azerbaijan. In aggregate the three contracts are expected to be worth in excess of $65m for the joint venture.

The joint venture agreement with the State Oil Company of Azerbaijan (SOCAR) was entered into in 2010 and is 51% owned by SOCAR and 49% owned by Cape. This contract will be accounted for in the share of post-tax results of joint ventures line in the UK, Europe and CIS region within the Group's accounts and for this reason, the value of this award will not appear in the Group's reported order book and revenue.

Joe Oatley, Chief Executive of Cape plc commented:

"The SOCAR Cape JV has made significant investment to ensure the business is correctly structured to be able to react to the needs of its clients and we are delighted that the benefits of this investment are starting to be seen. These contract awards are testament to the continued hard work and capability of the SOCAR Cape JV team and come at an exciting time in the country where there is increasing demand for our services. SOCAR is an important partner to Cape and we look forward to continuing our partnership with them on both these and future projects."

And so it begins..

Cape establishes joint venture with Prezioso Linjebygg

Cape plc and Prezioso Linjebygg SAS, the international providers of essential support services to the energy and natural resources sectors, are pleased to announce that they have concluded an agreement to create a Joint Venture company to bring together the capacity, experience and skills of both organisations in order to support the upcoming new-build nuclear programme in the UK. The agreement is subject to necessary regulatory approvals.

This new company will offer the programme a complete service capability in terms of industry know-how in Europe, both organisations having a significant heritage in this sector in the UK and France.

Joe Oatley, Chief Executive of Cape commented: "We are pleased to enter into this joint venture with Prezioso Linjebygg to establish a company dedicated to the UK's nuclear new-build sector, capitalising on the substantial structure and experience of both organisations for the benefit of our potential customers and our shareholders."

Preliminary Results

Highlights
· Order intake increased by 22% to £765m (2013: £625m); order book at 31 December 2014 was 15% higher at £746m (2013: £648m)
· Revenue increased by 3.5% to £698.3m (2013: £674.9m)
· Maintenance revenues increased by 16% to £486m (2013: £419m), increasing the resilience of the business
· Adjusted operating profit up 28% to £52.1m (2013: £40.6m)
· Improved adjusted operating profit margin, increasing from 6.0% to 7.5%
· Adjusted diluted earnings per share up 28% to 29.9p (2013: 23.3p)
· Operating cash conversion of 65% (2013: 151%) resulting in adjusted net debt of £101.0m (2013: £60.2m)
· Commercial and financing structure of SOCAR-Cape joint venture in Azerbaijan agreed and prospects improving with the recent contract awards on the Shah Deniz 2 development projects
· Good progress on strategy with continued operational improvement; the business is now pursuing the growth element of its strategy
· £36.6m acquisition of Motherwell Bridge in Q1 2014, now part of newly formed Cape Specialist Services offering
· Full year dividend maintained at 14.0p (2013: 14.0p) reflecting the Board's confidence in the future prospects of the Group

Cape awarded 5 year contract with ExxonMobil

Ex-divi 21st May 2015 (9.5p)