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.

Nice chart Al.

Nice company, Dil. Followed them for ages as you know from SIPP thread. Couldn't believe it when it got caught up in the general fall. Bargain.

All gravy now. ;-)

;-)))

ttt

:-)))) again

Al - I also have a few of these and added this morning :-)

alas
i hold none,my cupboard is bare.
would be nice to see an increase in volume. dont want or have any wish to put a dampener on it, tomorrow maybe? i do hope so. good luck and best wishes:-)
regards
jkd

Multi-bagger here. ;-))

Director buying at CIU CAPE...... nice.

Way undervalued imho on just a forward P/E of only 4.9 going into 2010.

reckon brokers have got this one right.........

Cape PLC

FORECASTS
2009 2010

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Panmure Gordon
29-05-09 BUY 40.12 24.82 38.57 23.66

Collins Stewart
20-05-09 BUY 32.10 35.90

Evolution Securities Ltd
20-05-09 BUY 44.40 28.60 44.20 28.90

Numis Securities Ltd
20-05-09 BUY 54.00 32.90 54.00 32.90

Eden Group
07-05-09 BUY

2009 2010
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 44.40 30.19 0.00 44.20 30.71 0.00

1 Month Change 2.70 0.07 0.00 0.00 -0.16 0.00
3 Month Change 1.00 -0.78 17.49 3.67


GROWTH
2008 (A) 2009 (E) 2010 (E)

Norm. EPS 7.26% 7.04% 1.72%
DPS % % %

INVESTMENT RATIOS

2008 (A) 2009 (E) 2010 (E)

EBITDA 70.80m 79.00m 79.35m

EBIT 52.80m m m

Dividend Yield % % %

Dividend Cover x x x

PER 5.42x 5.07x 4.98x

PEG 0.75f 0.72f 2.89f

Net Asset Value PS 50.00p p p

Spread come in now ...nice.

New coverage aswell..

29-May-09 Cape CIU Arden Partners Buy 153.00p - - New Coverage

Nice move up this morning.

Cape Announces Multiple Contract Awards in Middle East Region

Still motoring are we? ;-)))))

New high. Decent volume late on. ;-))

And again today :-)

Thought the trend was bending, skinny, but nope, it appears she wants more. ;-)))

Al - lets hope so until at least 220!

Big volume today now. This is good. The last couple of weeks of consolidation has been quite low vol. Nice to see up with supporting number. ;-))

240 possible, but not before Xmas. LOL!

RNS Number : 0416V
Cape PLC
02 July 2009


2 July 2009

Cape plc

Issue of Equity



Cape plc (AIM: CIU) ('Cape' or the 'Company') announces that, on 30 June 2009, it allotted 430,941 ordinary shares of 25p each ('Ordinary Shares') in the Company to the vendors of DBI Group Limited ('DBI'), in consideration for the final payment in relation to the Company's acquisition of DBI in 2006.


The Company has also, on 30 June 2009, allotted 246,785 Ordinary Shares in the Company, at a price of 62.51 pence per Ordinary Share, following the exercise of EMI options held by the vendors of DBI.


Application has been made for the admission of 677,726 Ordinary Shares to trading on AIM. The shares will rank pari passu with existing Ordinary Shares and it is expected that admission will occur at 8.00am on 6 July 2009.


Following admission of the new shares, the total issued share capital of the Company will be 115,666,813 ordinary shares of 25p, all of which are voting shares.

Trading Update


Cape plc (AIM: CIU), the international provider of essential support services to
the energy and natural resources sectors, issues the following pre-close trading
update ahead of the announcement of its interim results for the six months ended
30 June 2009, which is expected on 16 September 2009.
The Group's underlying trading performance in the first half of 2009 has been in
line with management expectations and earlier guidance provided. The headline
results for this period will also benefit from favourable exchange rate
movements.
Since the Interim Management Statement issued by the Company on 20 May 2009,
performance during the period across Cape's diverse international footprint has
continued to be well balanced. Whilst we continue to experience some project
delays in Australia due to adverse market conditions, this is more than offset
by growth in the Middle East markets as evidenced by our recent contact wins.
All other regions continue to trade at or ahead of expectations.
With strong cash generation in the first half, the Group's net debt at 30
June 2009 has continued to reduce further from year end 2008 levels.
The positive momentum in the first half has continued into the second half and,
with improving revenue visibility, the Board is increasingly confident of the
outcome for the full year.
- Ends -

Thought I might get stopped out here, but still in. Stop is 178p for me.