Cape is a UK services company providing coatings and access solutions to the oil and gas, power, mining and chemicals sectors. The company operates over three regions: UK/CIS, MENA and APAC, and has onshore and offshore capability. Revenues from maintenance activities provide a strong base for the dividend while leaving Cape exposed to growth from new projects coming through. We have a Buy recommendation and 300p price target.
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Cape crusader
CAPELLI (0RBB:LON) | 0 0 0.8% | Mkt Cap: 107.1m
- Published:
29 May 2015 -
Author:
Daniel Slater -
Pages:
8
Cape is a UK services company providing coatings and access solutions to the oil and gas, power, mining and chemicals sectors. The company operates over three regions: UK/CIS, MENA and APAC, and has onshore and offshore capability. Revenues from maintenance activities provide a strong base for the dividend while leaving Cape exposed to growth from new projects coming through. We have a Buy recommendation and 300p price target.