Updates

Cape - Price target lifted to 386p

July 2008

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.

Shares in industrial services firm Cape have moved up nicely since we made them a main write-up at 217p in March. The catalyst for this re-rating was a buoyant trading update at its AGM, which noted activity levels at record highs across the group. Clearly Cape, a supplier of scaffolding, insulation and fire protection services with nearly 75% of its business coming from the red-hot oil & gas and mining sectors, is in the right place at the right time. In response broker Collins Stewart has lifted this year's eps forecast by 10% to 28.6p and next year's by 8% to 31.2p. Its price target is also lifted to 386p. In spite of the 29% gain to date, the shares remain a buy. ...

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Cape - Big upgrades to eps forecasts (April 2010)

Cape (February 2010)

Cape (December 2009)

Cape - Gain approaching 150% (November 2009)

Cape (August 2009)

Cape - Collins Stewart raises price target (July 2009)

Cape - Strong demand profile means shares are dirt cheap on PE of 3.3 (May 2009)

Cape (November 2008)

Cape - Shares re-rated after forecasts upgrade (May 2008)

Cape - Industrial services firm with huge (March 2008)

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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