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

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

StockMarketWire.com
Cape expects 2016 results to be ahead of market forecasts and has announced the award of additional work packages on the Chevron-operated Wheatstone natural gas project, near Onslow, Western Australia.

The group said it experienced strong trading across its three regional businesses during the last two months of the year, with a particularly strong performance in Asia Pacific driven by high levels of project activity across the region.

As a result, the board now anticipates that the full year performance for 2016 will be materially ahead of current market expectations.

This improvement in performance is supported by strong cash generation with a consequent positive impact on net debt. As previously disclosed, the board remains confident that the outlook for 2017 is encouraging. Cape expects to announce its audited results for the full year ending 31 December 2016 on 15 March.

Cape also announced the award of additional work packages on the Chevron-operated Wheatstone natural gas project, near Onslow, Western Australia. Cape is now providing Access, Painting, Insulation and Fire Proofing services to the project until completion.

The additional packages will see Cape extending its scope of services to include outside battery limits (OSBL), the Domestic Gas Plant and commissioning support.

This follows the delivery of its existing contracted scope across the LNG trains inside the battery limits (ISBL). The award reflects the Group's performance on the contract to date, including safety (over 2 million man hours to date Lost Time Incident free), operational excellence, innovation in project management and cost savings through productivity and workforce management.

One of my new year buys!

There was a reason for the breakout and large trading yesterday, news were around of today's delivery of such a good news.

On the chart now the next target is 220p and still will be very cheap