UK 03:50 Saturday, 7 November 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Hello Share Crunchers. If we assume - and I think this might be a safe bet - that oil prices will perk up, then perhaps we should cast about for shares in the energy game which might ride the rally.
Shares of Cape may not be in the front line in terms of the watch lists of private investors, but it may be that over the next couple of weeks this state of affairs changes.
International provider of essential industrial services Cape plc (CIU) has announced an initial £34.9 million and up to £37.65 million acquisition (on a cash-free, debt-free basis) of Motherwell Bridge. It describes this company as an internationally recognised leader in the specialist storage tank market. The following updates with shares in Cape up 8%, to 324p, on the announcement.
Ahead of 19th March-scheduled results for the 2013 calendar year industrial services provider to major plant operators and engineering and construction companies internationally, Cape plc (CIU) has announced a refinancing which “provides the group with greater covenant flexibility and will terminate in April 2018”. With the company emphasising that its “new facilities strengthen our financial position and provide us with the balance sheet to grow our business both organically and potentially acquisitively”, so what does that mean?.
International provider of support services to the energy and mineral resources sectors, Cape plc (CIU) has announced two, in aggregate, “approximately £20 million” new contract wins in Saudi Arabia. Are the foundations now being put in place for the construction of a recovery in a share price, which at 266p, remains well down on approaching 600p reached in 2011 and 326.75p reached in 2013?
International provider of support services to the energy and mineral resources sectors, Cape plc (CIU) has warned that “whilst the third quarter was in line with expectations… the board anticipates that the full year operating profit will be materially below previous expectations as a result of the project specific operational challenges in the Middle East”. The following updates with the shares trading 5.5% lower on the day at 270p.
Following its results release for the first half of 2013 last week, I concluded that although shares in Cape plc (CIU) - at then around 280p – traded below the oilfield service sector average there looked good reason for this – see HERE. The following reviews some of the further broker reaction to the results…
I last updated on Cape plc (CIU), the fully-listed international provider of essential support services to the energy and mineral resources sectors, in May – particularly noting, with the shares then at 272.75p, concerns about exposure to a weakening Australia – see HERE. The following updates post results for the first half of 2013 from the company today…
Cape plc (CIU), the fully-listed international provider of essential support services to the energy and mineral resources sectors, has announced that “overall trading for the first quarter has been in line with the board's expectations” and that "at this stage" it “remains confident that the business overall is on track to deliver in line with expectations for the year ending 31 December 2013”.
