Capital Drilling Ltd. (DI) (CAPD)

Sector:

Mining

Index:

FTSE Fledgling

 62.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 63.79
  • 52 Week Low: 35.50
  • Currency: UK Pounds
  • Shares Issued: 136.25m
  • Volume: 31,945
  • Market Cap: £84.47m
  • Beta: 0.00

Capital Drilling reveals 'another strong half-yearly result'

By Iain Gilbert

Date: Thursday 16 Aug 2018

LONDON (ShareCast) - (Sharecast News) - Drilling services specialist Capital Drilling turned in "another strong half-yearly result" on Thursday, as the company boasted about its financial performance and the execution of its strategy across the last six months.
Capital Drilling saw revenues drop 4.6% to $54.5m due to a lower fleet utilisation as the group began relocating its assets to West Africa; however, the contractor's EBITDA improved 7.8% to $12.5m thanks to a stronger margin of 22.9%.

Net profits rose 7.7% to $2.8m while earnings per share increased 5% to $0.02 each.

The company said in a statement that capital spending had increased 11% to $4.7m in the first-half as a result of the purchase of replacement rigs and investments made in improving its assets.

The firm closed out the period with net cash of $3.4m on hand.

Capital Drilling scored seven contracts in the first half, locking in work for fifteen of its rigs, yet rig utilisation fell to 46% from 56%, on an average fleet size of 94.

Jamie Boyton, Capital Drilling's executive chairman, said, "The building of our business in West Africa has been the major focus of our growth strategy over the past 6 months."

"The group has developed new operational centres in Côte d'Ivoire and Mali over the period, complementing our long-established operations in Mauritania, all of which provide the infrastructure to deploy further production and exploration rigs into what is regarded as one of the fastest growing drilling markets in the industry," added Boyton.

As of 1200 BST, Capital shares had dropped 10.23% to 39.50p.

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CAPD Market Data

Currency UK Pounds
Share Price 62.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 63.79
52 Week Low 35.50
Volume 31,945
Shares Issued 136.25m
Market Cap £84.47m
Beta 0.00

CAPD Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
26.37% above the market average26.37% above the market average26.37% above the market average26.37% above the market average26.37% above the market average
94.96% below the sector average94.96% below the sector average94.96% below the sector average94.96% below the sector average94.96% below the sector average
Price Trend
91.80% above the market average91.80% above the market average91.80% above the market average91.80% above the market average91.80% above the market average
79.20% above the sector average79.20% above the sector average79.20% above the sector average79.20% above the sector average79.20% above the sector average
Income
25.59% above the market average25.59% above the market average25.59% above the market average25.59% above the market average25.59% above the market average
47.83% below the sector average47.83% below the sector average47.83% below the sector average47.83% below the sector average47.83% 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
73.77% below the sector average73.77% below the sector average73.77% below the sector average73.77% below the sector average73.77% 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 17-Sep-2019

Time Volume / Share Price
09:24 23,508 @ 63.79p
11:00 15,000 @ 63.00p
09:38 5,000 @ 61.10p
08:26 15,676 @ 63.79p
09:07 8,810 @ 61.05p

CAPD Key Personnel

CFO André Koekemoer

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