image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

SIGN UP NOW
Updates

Cape - Shares re-rated after forecasts upgrade

May 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.

  • Epic Code:
  • CIU
  • Price:
  • 240p
With Cape's final results coming just two months after our main write-up there was little “new†news to report, although they were very positive and triggered another round of upgrades.For the year ended 31 December turnover increased 57% to £429m, while pretax profit rose 112% to £33m. Eps went up 37% to 24.2p. Net debt was £191m, as expected. All regions saw strong sales growth, including the UK (up 35%), Middle East (+63%), CIS (+46%) and Far East / Pacific Rim (+286%). In reaction Numis has tweaked up this year's eps forecast by 1p to 26p, with 29.2p now expected in 2009. In spite of their good recent run the shares have more potential for decent gains. Keep buying.< ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

Cape - Shares continue sharp rally (November 2012)
Cape (September 2012)
Cape - Iffy contract triggers £14m charge (July 2012)
Cape - Propsective PE: 8.2 (May 2012)
Cape - Shares bounce by 130p (March 2012)
Cape - Sell off ocer-done; forward PE now 6.6 (January 2012)
Cape - Industrial services firm eyes huge LNG opportunity (October 2011)
Cape - Shares soar over £5 (May 2011)
Cape - Gain to date: 314% (February 2011)
Cape (October 2010)
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 - Price target lifted to 386p (July 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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X