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Research Tree offers CAPITAL DRILLING LTD research coverage from 2 professional analysts, and we have 15 reports on our platform.
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|26/10/2016 07:00:05||London Stock Exchange||Q3 2016 Trading Update|
|28/09/2016 13:05:01||London Stock Exchange||COMPLETION OF SECONDARY PLACING|
|28/09/2016 08:00:01||London Stock Exchange||PROPOSED SECONDARY PLACING|
|20/09/2016 07:00:09||London Stock Exchange||New Contract & Senior Management Update|
|23/08/2016 07:00:05||London Stock Exchange||Appointment of Joint Broker|
|17/08/2016 07:29:02||London Stock Exchange||Half-year Results|
|07/07/2016 11:05:35||London Stock Exchange||Second Price Monitoring Extn|
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Research reports on CAPITAL DRILLING LTD
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Interim results – new contracts offer a stronger H2
17 Aug 16
Key operating metrics are improving, while up-front costs on new contracts have marginally held back H1 profitability. A full revenue contribution from these contracts offers a much stronger profit in H2. Internal improvements, such as the lean operating model, offer commercial advantages that are being converted into new contracts. New exploration tender opportunities are arising on the back of the higher gold price. We maintain current year profit forecasts, though EPS is held back by a higher tax rate. In 2017, we raise EPS by 18%. We increase our price target to 50p, with the shares attractively rated and significant scope for further outperformance.
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Fighting the waves
25 Oct 16
Management action in response to a tough trading climate and falling profits should contribute to a sound recovery in profits next year. Following share price weakness, the group is valued at a substantial discount to both the broking market leader Clarkson and to other peers. Meanwhile, if the dividend can be held, the shares offer a well above-average yield, pending an eventual improvement in trading conditions.
21 Oct 16
STM* (STM): Acquisition of London & Colonial (CORP) | Hurricane Energy (HUR): £70m placing and open offer (BUY) | Firestone Diamonds* (FDI): Liqhobong commissioning update (BUY) | Accsys (AXS): Acorn aiming to be a mighty oak – analyst interview (BUY) | Avacta* (AVCT): Act now… – analyst interview (CORP) | Tristel* (TSTL): Full year 2016 results – analyst interview (CORP)
N+1 Singer - Morning Song 21-10-2016
21 Oct 16
Xaar has announced that its FD, Alex Bevis, will be leaving to pursue other opportunities after almost 6 years with the group. A search is underway for his replacement and Alex will remain with Xaar until 24th March 2017. While Alex’s departure is disappointing, Xaar’s strategy remains on track, with new product launches expected to drive near term organic sales growth and a target of £220m sales by 2020. This reflects stronger leverage of Xaar’s innovative technology into a broader spread of end products and markets, with the £220m expected to be composed of broadly equal contributions from ceramics, packaging & product printing, Thin film/P4, and partnerships/M&A. Prospects for the group are exciting, with positive news flow on product launches and end markets anticipated over the year ahead.
FY17 expectations unchanged. Interim dividend maintained
25 Oct 16
Interims reflect tough markets which impacted Technical. Shipbroking delivered a resilient result and Logistics has performed well. The interim dividend has been held at 9.0p. The group anticipate an improvement in H2. The Board’s expectations for the year are unchanged based upon the strength of the order book due in H2, its ongoing market coverage and the benefits of action taken previously. We have retained our FY2017 PBT forecast of £8.7m and a maintained dividend. We reiterate our Buy and adjust our TP to 450p.
N+1 Singer - Morning Song 20-10-2016
20 Oct 16
A highly disappointing update from Senior reports a number of issues adding up to the Group being behind expectations. Following the Flexonics issues over the past 12 months, there are now issues on the Aerospace side which are affecting the outlook. In a period when some stability was required, this is disappointing. We have downgraded FY16 EPS by 6.8% and, whilst we see Senior remaining a US takeover target, we move from Buy to Hold (target price down from 262p to 196p) until more clarity is available on the direction of the Group.