Capital Drilling Ltd. (DI) (CAPD)

Sector:

Mining

Index:

FTSE Fledgling

 65.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 73.00
  • 52 Week Low: 29.00
  • Currency: UK Pounds
  • Shares Issued: 136.25m
  • Volume: 110,282
  • Market Cap: £89.24m

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 65.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 73.00
52 Week Low 29.00
Volume 110,282
Shares Issued 136.25m
Market Cap £89.24m

CAPD Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
7.35% above the market average7.35% above the market average7.35% above the market average7.35% above the market average7.35% above the market average
86.09% below the sector average86.09% below the sector average86.09% below the sector average86.09% below the sector average86.09% below the sector average
Price Trend
75.33% above the market average75.33% above the market average75.33% above the market average75.33% above the market average75.33% above the market average
47.97% above the sector average47.97% above the sector average47.97% above the sector average47.97% above the sector average47.97% above the sector average
Income
8.65% below the market average8.65% below the market average8.65% below the market average8.65% below the market average8.65% below the market average
45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average
Growth
39.15% above the market average39.15% above the market average39.15% above the market average39.15% above the market average39.15% above the market average
44.83% below the sector average44.83% below the sector average44.83% below the sector average44.83% below the sector average44.83% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
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
  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 05-Jun-2020

Time Volume / Share Price
16:36 2,500 @ 65.00p
16:10 752 @ 64.90p
15:38 1,000 @ 64.90p
15:32 1,000 @ 64.90p
15:18 377 @ 64.90p

CAPD Key Personnel

CFO André Koekemoer

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