Updates

Cape - Shares continue sharp rally

November 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.

Cape, which provides industrial services such as scaffolding, insulation and fire protection to the oil & gas and mining sectors, has seen its share price rally to 282p after interim results hinted at an improving outlook. The figures themselves, which had been factored into the depressed price, showed revenues rising 11% to Â£372m while pretax profit fell 65% to Â£12m, with operating margins sinking from 11.5% to 4.3%. This reflected both a one-off Â£14m charge in respect of losses from its problematic Algerian contract and reduced margins in Australia, both previously flagged. Eps dropped 67% to 7p, but there is encouragement from the order book, which rose from Â£830m to Â£920m and provides visibility of c.90% of FY20 ...

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Hill & Smith - Eyes new UK roads contracts

GKN

Cape (September 2012)

Cape - Iffy contract triggers Â£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 Â£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 - Shares re-rated after forecasts upgrade (May 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.

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