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

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."

StockMarketWire.com
Cape's overall trading for the first quarter was mixed with solid order intake and revenue, but lower than expected margins, a statement issued ahead of today's annual general meeting says.

But the board's expectations for the full year performance remain unchanged.

The group says its order book at the end of the first quarter was GBP862m (31 December 2015: GBP861m). Revenues developed positively as the Group benefited from favourable foreign exchange rate movements and a faster than expected ramp up on the Wheatstone project in Australia.

But the group experienced a greater downward pressure on margins than previously anticipated and, as a result, group operating profit was below expectations. The statement says: "Each of our regions delivered margins below previous expectations. Downward pressure on margins in the UK was largely driven by costs at the Fawley site continuing to run at a level higher than expected and lower utilisation of our specialist services in the North Sea. MENA margins were adversely impacted by delays in project initiation in Oman and pricing pressures in the UAE and Qatar. The KSA business has continued to perform strongly, with both volume and margin higher than expectations. The Asia Pacific business benefitted from a significant ramp up in revenues at Wheatstone which partly offset the adverse effect of project demobilisation costs and reduced volumes across many of the Asian businesses. "There have been no material developments in respect of the ongoing industrial disease insurer product liability litigation since the publication of the Group's 2015 Annual Report and Accounts."

Looking ahead, it says: "The UK North Sea and coal fired power station sectors are expected to continue to be challenging, with the downstream and general industrial markets remaining robust. Despite the overall weakness in the UK market, the UK business is expected to deliver some recovery in margins in the second half of the year due to a combination of improved contract performance and the benefit of a refocussing of the organisation, currently underway.

"Market conditions in the MENA region are expected to improve in the second half of the year with KSA continuing to be robust and increasing project activity in Oman and Kuwait offsetting ongoing weakness expected in Qatar and the UAE. As a result the region is expected to deliver a stronger revenue and margin performance in the second half of the year.

"Activity levels remain mixed across the Asia Pacific region with weakness in much of Asia mitigated by increasing activity levels from the LNG sector in particular in Australia. The region is expected to benefit from increased volume on the Wheatstone, KLE and Prelude projects offsetting lower volumes and utilisation across its Philippines, Thailand and Indonesian businesses. "The Board's expectations of the full year performance are unchanged; with a higher than usual weighting of earnings in the second half as the weaker first quarter is offset by increasing levels of activity during the year and the continuing benefit of current favourable foreign exchange rates."

Cape expects to announce its results for the half year ending 3 July 2016 on 23 August 2016.

This chart is a complete basket case. Bounced of 180p possibly on run up to Interim results on Tuesday. The trend is firmly down.

See how it opens on Monday for a trade north on the spreads, tight stop. Never know miracles could happen even if dead cat bounce. :0)

I bought back in last week, Chris. There is a lot of bad news baked into that share price. Nice yield which, must be about as safe as any paying 7% (:-0)

Fingers crossed LG :0)

Cape adjusted pre-tax profits fall

StockMarketWire.com

Cape, an international leader in the provision of critical industrial services to the energy and natural resources sectors, posts adjusted pre-tax profits of £14.9m for the six months to 3 July - 30% down on last time.

Revenue from continuing operations increased by 10% to £396.3 million (H1 2015: £359.5 million) of which 1% relates to foreign exchange movements, 3% from a full six month contribution from Cape Engineering Services and 6% from organic growth. The underlying increase of 6% was largely driven by increased volume from a number of projects in the Asia Pacific region. Adjusted operating profit from continuing operations decreased to £18.9 million (H1 2015: £25.1 million) primarily driven by margin reduction in the UK business, in particular for its specialist services offering for the offshore North Sea market and the poor commercial performance on the maintenance contract at the Fawley refinery. This reduction has been partially offset by:

- a 3% favourable translation impact of foreign exchange

- a 15% saving in central overheads due to favourable transaction impact of foreign exchange and changes to the group management structure.

Chief executive Joe Oatley said:"The first half results demonstrate the value of Cape's strategy of developing a balanced business across the maintenance and new construction segments with a broad geographical spread. Although we have seen a deterioration in a number of our markets, overall the Group has delivered solid top-line growth, highlighting the resilience of our business. We continue to invest in order to deliver on strategic goals whilst adapting our cost base where necessary to match market conditions. Despite the challenges in many of our markets, our expectation of the financial result for the full year is unchanged."

LATEST BROKER VIEWS

Date Broker New target Recomm.
23 Aug Numis 270.00 Buy
21 Jul Macquarie 170.00 Underperform
12 May Canaccord... 325.00 Buy
12 May JP Morgan... N/A Neutral
11 May Numis 270.00 Buy
21 Mar Canaccord... 325.00 Buy
18 Mar Macquarie 200.00 Underperform
17 Mar Investec 240.00 Hold
17 Mar JP Morgan... 240.00 Neutral
16 Mar Canaccord... 325.00 Buy
Broker Recommendations for Cape

LATEST BROKER VIEWS

Date Broker New target Recomm.
24 Aug JP Morgan... N/A Neutral
24 Aug Macquarie 180.00 Neutral
23 Aug Canaccord... 350.00 Buy
23 Aug Numis 270.00 Buy
21 Jul Macquarie 170.00 Underperform
12 May Canaccord... 325.00 Buy
12 May JP Morgan... N/A Neutral
11 May Numis 270.00 Buy
21 Mar Canaccord... 325.00 Buy
18 Mar Macquarie 200.00 Underperform
Broker Recommendations for Cape

Who would have thought a week ago this chart was a basket case. Look at it now LOL!!!

The only game in town, look at charts similar but are reporting one week two weeks time, even. Cash machines as as a trader.

Bought back in here in August at 192. For yield mainly, but it turns out that my timing couldn't have been much better. Onwards and upwards.

Bought some at below 144.75p

Rising with volume, has been on a downtrend since last month 180p support and after the pause is moving higher with volume now.

Some large trades early on the morning has got the share moving and still holding now despite a bit of retracement from 147p

The volume is large today and the Indicators are all positive as are at oversold but the best is the MACD crossing over "0" and divergence at the same time so bullish

15 minutes delay chart

Manipulation by the end of the day, wonder by who, the order book went very weak all of the sudden despite good size buys and even later once again shortly before the close there was some good size buying all paying premium to offer price, so at the end of the day was not strange, the UT was 1p higher than the closing spread.

6.5K @ 143.50 UT

BREAKOUT

151.75p +2p

A couple of large trades at 150p resistance point has finally done the job and share price has moved forward