Date: Tuesday 15 Mar 2011
LONDON (ShareCast) - Emerging markets-focused drilling company Capital Drilling says that demand levels were unprecedented in the second half of 2010.
Revenues rose 27% to $75.1m in 2010 and pre-tax profit jumped from $6.56m to $12.9m. Cash generation was strong and much of it went on capital investment but Capital still had a small net cash position at the end of 2010.
The second half rig utilisation levels were 82%, which is nearly as high as the peak level in 2008. Capital is even obtaining the first price increases for some time.
Capital has added a further three rigs in 2011 and high enquiry levels are continuing. Trading is ahead of expectations.
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Currency | UK Pounds |
Share Price | 97.80p |
Change Today | 1.80p |
% Change | 1.88 % |
52 Week High | 116.00 |
52 Week Low | 77.80 |
Volume | 13,795 |
Shares Issued | 193.70m |
Market Cap | £189.44m |
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Strong Buy | 3 |
Buy | 1 |
Neutral | 0 |
Sell | 0 |
Strong Sell | 0 |
Total | 4 |
Latest | Previous | |
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Final | Interim | |
Ex-Div | 13-Apr-23 | 01-Sep-22 |
Paid | 09-May-23 | 03-Oct-22 |
Amount | 2.60¢ | 1.30¢ |
Time | Volume / Share Price |
09:14 | 10,398 @ 96.11p |
09:00 | 1,184 @ 97.80p |
08:57 | 1,184 @ 97.80p |
08:22 | 1,029 @ 96.00p |
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