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

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)

AGM Statement

Cape plc, the international provider of critical industrial services to the energy and mineral resources sectors, today issues the following AGM Statement for the period 1 January 2015 to date, incorporating the first quarter's results from 1 January 2015 to 5 April 2015.

The Group's overall trading for the first quarter was in line with the Board's expectations. Group order intake for the quarter was subdued due to continuing delays in the award of key UK maintenance contracts and a number of project deferrals for Motherwell Bridge. The resultant Group order book, as at the end of the first quarter of 2015, was £686 million (31 December 2014: £746 million). Post quarter end, Cape has announced significant maintenance contract awards in the UK with ExxonMobil and BP which have materially increased the Group order book.


As highlighted in the preliminary statement, the short term prospects across our markets are mixed but the long term demand for the Group's services is expected to grow. The UK market is expected to be subdued for the remainder of 2015 with lower project activity in the offshore sector and reduced volumes from coal power station outages, partially offset by solid demand for core maintenance activities. Activity levels in the MENA region remain encouraging for both construction and maintenance work. Construction activity in the LNG sector in Asia Pacific is increasing, both for modules being fabricated in Asian yards and also in Australia where, although the rate of increase in activity on the Wheatstone project is somewhat below our expectation, progress remains good. The Australian market remains challenging with low levels of demand and increasing pricing pressures. The Group has implemented cost management initiatives in both the UK and Australia which will mitigate some of the impact of the challenging markets in those countries.


As previously mentioned, the current market volatility continues to give uncertainty to the outcome of the second half of the year; however, given the performance of the business in the first quarter of 2015 and the opportunities we see ahead of us, the Board remains confident that, overall, the business remains on track to deliver in line with expectations for the year ending 31 December 2015.

Cape expects to announce its results for the half year ending 5 July 2015 on 26 August 2015.

Norges Bank Below 3%

Result of 2015 Annual General Meeting

Numis downgrades from buy to Add, but maintain their TP.

Numis Add 256.88 303.00 303.00 Downgrades

Acquisition of Redhall Engineering

Acquisition of multi-disciplined engineering business

Cape plc, the international provider of critical industrial services to the energy and natural resources sectors, announces today that it has acquired Redhall Engineering Solutions Limited ("Redhall Engineering"), for a totalconsideration of £6 million. The acquisition will be funded from the Group's existing debt facilities and is expected to be earnings enhancing in the current financial year.

Redhall Engineering employs approximately 420 people, primarily located in the UK and had revenues of £30.1 million for the year ending 30 September 2014. The business predominantly operates in the process and downstream oil & gas industries and provides a range of maintenance services including specialist pipe welding and repair, tank repair, bundle pulling and shutdown services.

Commenting on the acquisition, Joe Oatley CEO of Cape said:

"The acquisition of Redhall Engineering is in line with our strategy to broaden the Group's portfolio by adding adjacent services and will allow Cape to offer a broader range of maintenance services to our key clients within the UK. Redhall Engineering has a strong management team and a highly skilled workforce and I look forward to welcoming them into the Cape group"

And from the other side :-

Disposal of Redhall Engineering Solutions Limited ("RESL") to Cape plc and Strategy Update

Redhall Group plc (AIM: RHL), the specialist manufacturing and engineering services group, is pleased to announce progress in implementing its strategic plan and the disposal of RESL.

Highlights

· Disposal of engineering contracting subsidiary RESL to Cape plc for headline consideration of £6.0m
· Net debt reduction resulting from the sale of £5.0m after adjustments and transaction costs
· Continued focus on higher margin manufacturing capability particularly in nuclear and oil & gas markets
· Withdrawal from loss making site based nuclear contracting business
· Removal of the divisional management structure complete

JP Morgan Cazenove Neutral 246.00 246.00 203.00 256.00 Reiterates

Interim Results

Highlights

· Overall trading performance in line with expectation:

o UK, Europe & CIS region performed in line with expectation, with weakness resulting from the impact of the low oil price on the UK offshore market being offset by the benefits from recent acquisitions

o MENA region performed ahead of expectation, driven by strong operating margins across the region

o Asia Pacific region performed below expectation largely driven by lower than expected volumes and aggressive pricing in the Australian market

· Order intake during the first half increased by 26% to £399m (H1 2014: £317m)

· Order book £800m at period end (29 June 2014: £643m, 31 December 2014: £746m)

· Revenue increased by 13% to £362.6m (H1 2014: £320.3m)

· Adjusted operating profit increased by 8% to £24.9m (H1 2014: £23.0m) with adjusted operating margin decreasing by 30bps to 6.9%

· Period-end adjusted net debt of £131.3m (29 June 2014: £132.0m, 31 December 2014: £101.0m), driven by the seasonality of the UK
power market and the acquisition of Redhall Engineering Solutions Limited

· Adjusted diluted earnings per share from continuing operations was 13.0p (H1 2014: 12.8p)

· The Group has declared an interim dividend of 4.5p (H1 2014: 4.5p) per share

Numis Buy 227.63 303.00 285.00 Upgrades

Canaccord Genuity Buy 227.63 300.00 300.00 Reiterates

StockMarketWire.com
Cape, the international provider of critical industrial services to the energy and natural resources sectors, says trading from 6 July to 1 November was broadly in line with the board's expectations, despite challenging market conditions.

Cape says this has been driven by a relatively strong performance from the onshore UK and Australian businesses and lower than expected central costs, offsetting weakness in the offshore UK business and lower margins in the MENA business. Within the UK, Europe & CIS region the business has experienced weakening demand from the UK offshore sector resulting in reduced volumes and continued pressure on pricing. Activity from the downstream and general industrial market in the UK remains robust. Project and maintenance volume in Azerbaijan continues to be strong. Both project and maintenance volume in MENA remains solid for the region as a whole, although the business has seen some shutdown and project work delayed from the second half of 2015 into 2016. Project activity continues to be largely driven by the Kingdom of Saudi Arabia, with construction projects in Kuwait also now starting to move forward. During the last quarter, the MENA business has seen clients place an increasing focus on cost, with a resultant increase in pricing pressure across the region. Asia Pacific markets remain mixed, with LNG project activity in Australia continuing to increase, offsetting weakness from the mining sector. Project demand in Asia has remained at similar levels throughout the year and is anticipated to slow down in 2016 due to the timing of project completions before increasing in 2017, largely driven by project activity in Malaysia.

Looking ahead, Cape says the board is confident that the business is on track to deliver earnings per share in line with expectations for the year ending 31 December 2015.

StockMarketWire.com
Cape's revenues rose by 3% to GBP711.4m in the year to the end of December and adjusted operating profit increased to GBP52.5m (2014: GBP52.3m) which, it says, demonstrates the resilience of the business in challenging markets.

The international provider of critical support services to the energy and natural resources sector said adjusted operating profit margin fell slightly to 7.4% (2014: 7.6%) due to increasing market pricing pressures.

And it warns that market conditions are expected to continue to weaken through 2016 with a resultant pressure on margins

The full year dividend is maintained at 14.0p per share.

Chief executive Joe Oatley said:"Cape achieved a robust performance in 2015 despite the substantial challenges in the oil and gas industry, demonstrating the progress we have made in implementing our strategy. The results are a testament both to the dedication of all of the people at Cape and the progress we have made in making Cape into a strong and resilient business.

"We continue to develop our Operational Excellence programme and are also making progress across a number of our targeted areas for growth including both geographic and service line expansion. Whilst we anticipate that our markets will become tougher in 2016 and this is likely to put pressure on margins across our business, Cape is well positioned to navigate safely through these stormy waters and we remain committed to investing in our strategy which I believe will continue to deliver long term sustainable shareholder value."