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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Primary Recommendation

Cape - Strong demand profile means shares are dirt cheap on PE of 3.3

May 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:
  • 109.5p
At first glance you might think Cape, which provides industrial services such as scaffolding, insulation and fire protection to the oil & gas and mining sectors, would struggle to find new business, given the recent falls in commodity prices. But the company has little exposure to the more vulnerable exploration budgets and is predominantly involved in the downstream end, such as multi-year projects to build LNG plants, where clients are less concerned about short-term prices and more focused on the long-term increase in energy demand. Cape is also experiencing high and increasing volumes of maintenance work, as customers scramble to replace their ageing infrastructure and the upshot is that it posted a strong set of full year result ...

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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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