Updates and Ideas

Cape - Australia LNG work takes off

February 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.

Another emerging market infrastructure play that has recently found its second wind is Cape. We originally featured the shares as a main write up at 272p in April 2007. The shares took off after the company spent £98m on three acquisitions in the Far East / Pacific Rim but investors began to worry about debt and in January 2009 we noted the shares were trading on a PE of under 2x at 49p.Then the shares ten-bagged. Having peaked at 600p in July, the recent retracement to 380p (on the cusp of a breakout) makes the shares worth buying. The company has ended 2011 in barnstorming style driven by higher levels of activity in the Australian resources sector, in particular LNG. The UK and North African businesses are also doing well ...

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Renew - Engineering services now 66% of order book

JD Sports - Analysts see scope for eps rise to 150p next year

Cape - Bid at 265p a share (October 2017)

Cape - Oil & gas services sector breaks recent downgrade cycle (February 2017)

Cape - Second largest contract goes awry (June 2012)

Cape (April 2012)

Cape - Up 11-fold from March low (July 2009)

Cape - Two directors buy shares (June 2009)

Cape - Directors buy (April 2009)

Cape (January 2009)

Cape - Cluster director buying (November 2008)

Cape - Another with forecasts upgraded (October 2008)

Cape - Record levels of demand continuing (July 2008)

Cape (April 2008)

Cape (October 2007)

Cape - Record levels of trading (April 2007)

Cape - Hits 52-week high (March 2007)

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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