Capital Drilling Ltd. (DI) (CAPD)

Sector:

Mining

Index:

FTSE Fledgling

72.50p
   
  • Change Today:
      1.50p
  • 52 Week High: 73.00
  • 52 Week Low: 37.50
  • Currency: UK Pounds
  • Shares Issued: 136.25m
  • Volume: 60,860
  • Market Cap: £98.78m
  • Beta: 0.60

Capital Drilling notes improved demand, wins contract

By Andrew Schonberg

Date: Thursday 07 Jul 2016

LONDON (ShareCast) - (ShareCast News) - Capital Drilling has confirmed first-half revenue up 6% to $41.1m amid improving trading conditions and said rising metals pricing has boosted demand from existing clients for its services.
It also confirmed the award of a four-rig deep hole exploration directional drilling contract by a subsidiary of Canada's Nevsun Resources.

Capital said mobilisation had begun with two newly purchased deep-hole rigs and two from within the existing fleet.

Drilling was expected to start on or before 30 July and be finished by December 2017.

Chief executive Mark Parsons said the increasing mining-industry interest to invest in assets along with the firming of selected metal pricing had injected some momentum in tendering for new contracts and boosted demand from existing clients for its drilling solution services.

"These market conditions, which have been particularly strong in the gold industry, Capital's largest market segment, together with the continued success in our Lean Operating Model, are increasing the utilization of our exploration rigs in line with our growth strategy.

"For the balance of FY 2016 we will continue to focus on further geographic and underground expansion in emerging markets, building on our operational capability to ensure we are appropriately resourced to manage increasing activity levels and diligently managing our costs."

At 12:00 BST, shares in Capital Drilling were up 8.82% to 37p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

CAPD Market Data

Currency UK Pounds
Share Price 72.50p
Change Today 1.50p
% Change 2.11 %
52 Week High 73.00
52 Week Low 37.50
Volume 60,860
Shares Issued 136.25m
Market Cap £98.78m
Beta 0.60

CAPD Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
20.74% below the market average20.74% below the market average20.74% below the market average20.74% below the market average20.74% below the market average
98.29% below the sector average98.29% below the sector average98.29% below the sector average98.29% below the sector average98.29% below the sector average
Price Trend
96.97% above the market average96.97% above the market average96.97% above the market average96.97% above the market average96.97% above the market average
91.94% above the sector average91.94% above the sector average91.94% above the sector average91.94% above the sector average91.94% above the sector average
Income
15.9% below the market average15.9% below the market average15.9% below the market average15.9% below the market average15.9% below the market average
65.22% below the sector average65.22% below the sector average65.22% below the sector average65.22% below the sector average65.22% below the sector average
Growth
39.85% above the market average39.85% above the market average39.85% above the market average39.85% above the market average39.85% above the market average
76.67% below the sector average76.67% below the sector average76.67% below the sector average76.67% below the sector average76.67% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

CAPD Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Sep-19 11-Apr-19
Paid 27-Sep-19 03-May-19
Amount 0.70¢ 1.50¢

Trades for 22-Nov-2019

Time Volume / Share Price
16:08 6,897 @ 72.35p
13:37 193 @ 71.16p
10:43 28,597 @ 72.00p
10:50 7,000 @ 72.35p
10:50 7,000 @ 72.35p

CAPD Key Personnel

CFO André Koekemoer

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