Updates

Cape

October 2010

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.

The announcement of its first dividend for ten years along with its intention to move to the Full List in Q2 next year (and gain inclusion to the FTSE 250) were two reasons why the shares hit a new high of 319p, nearly three times the 109p price at which we tipped them in May last year. The other factor was the strong interims, with pretax profit rising 17.5% to Â£35.5m on turnover unchanged at Â£331m for the six months to 30 June. Eps rose 16% to 21p. Meanwhile strong cash flow meant net debt reduced sharply from Â£151m to Â£95m, with the de-gearing shown up by the reduction in net debt / EBITDA from 1.7 times to less than 1. Cape, which provides industrial services such as scaffolding, insulation and fire protection to th ...

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H&T

Petrofac - Take some profit off the table

Cape - Shares continue sharp rally (November 2012)

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 - 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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