Primary Recommendation

Cape - Oil & gas services sector breaks recent downgrade cycle

February 2017

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 provides a range of industrial services such as scaffolding, insulation and passive fire protection to the oil & gas sector (and to a lesser extent the power generation, chemical & steel and mining sectors). As a result of acquisitions it does the overwhelming bulk of its business in Asia Pacific and the Middle East.Cape’s emphasis is on downstream work, such as multi-year projects to build LNG plants and to insulate refineries, where safety concerns are increasingly prominent and it is insulated from the vagaries of the exploration and production sector as its clients are less concerned about short-term prices and more focused on the long-term increase in energy demand. But it’s not always the way. For ins ...

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

Cape - Second largest contract goes awry (June 2012)

Cape (April 2012)

Cape - Australia LNG work takes off (February 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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