Updates

Capital Drilling

December 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.

Also in the same sub-sector to Shaft Sinkers, CAPD has issued its own Q3 statement showing that it enjoyed another record quarter. Sales were US$32.5m in the three months, representing 56% year-on-year growth. All metrics were better including utilisation (which is now 84% and up from 81% in H1'11) and the average revenue per rig (which is $160,000 up from $154,000 in H1'11).All this supports the forecast of US$20.9m pretax profit (12.8 cents) for the year to 31 December and US$26.1m next year (15.5 cents). Hold. ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Shaft Sinkers

Anite - 30% jump in consensus forecasts

Capital Drilling (September 2012)

Capital Drilling (April 2012)

Capital Drilling (September 2011)

Capital Drilling (July 2011)

Capital Drilling (April 2011)

Capital Drilling - Outsourced rig supplier to second tier mining companies (February 2011)

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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X