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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Cape - Collins Stewart raises price target

July 2009

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:
  • 185p
Since we made them a main write-up (and added them to the TMI Trader Portfolio) at 110p, shares in industrial services firm Cape have risen smoothly to a new eight month high of 185p with investors betting that recent rises in energy and other commodity prices will underpin its markets.Cape's IMS for the period from 1 January to 20 May was also positive with the group noting that trading is in line with earlier guidance with activity levels ahead on a year-on-year basis. Its financial performance has been positively impacted by foreign exchange movements and strong results in the Gulf / Middle East, albeit partially offset by project delays and a slowing market in Australia.Since then Cape has also announced three new contr ...

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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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