Capital Limited (DI) (CAPD)




FTSE Fledgling

  • Change Today:
  • 52 Week High: 73.00
  • 52 Week Low: 29.00
  • Currency: UK Pounds
  • Shares Issued: 136.25m
  • Volume: 173,168
  • Market Cap: £85.16m

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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CAPD Market Data

Currency UK Pounds
Share Price 62.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 73.00
52 Week Low 29.00
Volume 173,168
Shares Issued 136.25m
Market Cap £85.16m

CAPD Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
76.59% above the market average76.59% above the market average76.59% above the market average76.59% above the market average76.59% above the market average
44.26% above the sector average44.26% above the sector average44.26% above the sector average44.26% above the sector average44.26% above the sector average
Income Not Available
Growth Not Available

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

CAPD Dividends

  Latest Previous
  2nd Interim Interim
Ex-Div 09-Apr-20 05-Sep-19
Paid 04-May-20 27-Sep-19
Amount 0.70¢ 0.70¢

Trades for 10-Jul-2020

Time Volume / Share Price
15:30 4,000 @ 62.20p
14:54 86,000 @ 60.00p
14:53 64,195 @ 60.00p
14:42 3,122 @ 60.33p
09:34 5,000 @ 62.20p

CAPD Key Personnel

CFO André Koekemoer

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