Capital Drilling Ltd. (DI) (CAPD)

Sector:

Mining

Index:

FTSE Fledgling

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

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 72.50p
Change Today 1.50p
% Change 2.11 %
52 Week High 73.00p
52 Week Low 37.50p
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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