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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Cape - Shares soar over £5

May 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:
  • 514p
The shares are now above £5 for the first time after  final results showed pretax profit rising almost 14% to £69.1m and eps increasing 13.5% to 42.6p. Net debt more than halved from £113m to £52.9m. The company, which provides industrial services such as scaffolding, insulation and fire protection to the oil & gas and mining industries, benefited from a sharp improvement from the Pacific Rim / Far East where operating profit rose 87% to £14.8m, driven by increased maintenance and shutdown activities and increase in large LNG and petrochemical projects. Elsewhere there was strong growth from UK where profits rose 10% to £28m, mainly thanks to previous restructuring and cost cutti ...

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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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