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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Cape - Propsective PE: 8.2

May 2012

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:
  • 386p
Cape's wobble last autumn has partially been rectified with a better Q4 translating into a modest 2.8% rise in eps to 43.8p for the full year. Cape recorded an unchanged pretax profit of £69.4m as an 11% rise in revenues to a record £722m was offset by operating margins falling from 12% to 10.9%. Net debt increased from £53m to £59m, while the order book jumped almost 10% to £940m with over 68% of consensus 2012 forecast revenues secured. Cape, which provides industrial services such as scaffolding, insulation and fire protection to the oil & gas and mining sectors, reports across four regions with the Far East / Pacific Rim the fastest growing, with operating profit increasing 28% to almost &poun ...

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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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