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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Cape - Gain to date: 314%

February 2011

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • CIU
  • Price:
  • 455p
Shares in Cape, which provides industrial services such as scaffolding, insulation and fire protection to the oil & gas and mining industries, stormed to a new high of 467p, reflecting its move to the highly rated oil services sub-sector on the Full List, the refinancing of its £220m debt facility through to 2015 and a positive update. The latter confirmed in line trading, with year-end net borrowings halving to £57m, well below forecast, with the debt-laden horrors of 2008 now long forgotten. Activity and revenue levels were broadly similar to the previous year, with higher activity in the Far East / Pacific Rim offsetting falling volumes in  the Middle East and Europe. Cape believes a return to sustained organic growt ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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