Cape eyeing China entry with acquistion

[TEESSIDE SCAFFOLDER]

Cape eyeing China entry with acquistion
Tue 13 Mar 2012

CIU - Cape

Latest Prices
Name Price %
Cape 464.30p -0.06%

FTSE 250 11,684 +1.04%
FTSE 350 3,154 +0.87%
FTSE All-Share 3,084 +0.87%
Support Services 4,954 +0.71%

LONDON (SHARECAST) - Cape, the industrial services firm to the energy and mineral sectors, has made a play to enter the Hong Kong market through the purchase of Hong Kong Fuji Technology (HFT).

The 80% stake will cost Cape a maximum of £4.75m.

HFT is a provider of thermal insulation, painting, grit blasting and scaffolding services to the power industry in its domestic market. It is projected to turnover £7.13m in full year 2012.

Cape’s Chief Executive, Martin May said: “This is a key step which provides a springboard for Cape's future expansion into Greater China.”

So far during 2012 Cape shares have risen 42%.

 

[general manager]

Forum stock exchange is it now eh TEESIDE

 

[aom]

42% FFS Teeside any chance of getting these wee snippets ahead of time. Has any other of the big suppliers shown growth like that, I was under the impression they were all struggling.

 

[Garry Adams]

FFS---a wee bit of insider dealing, missed a trick there eh Alistair

China will let them in the door then swiftly close it behind then and give them a feckin good using---inflated share stock an old hedge fund technique...

keep yer eye on UK stork Share

 

[Havespannerwilltravel]

Shouldnt it be "Cape slanty eyeing China entry"".
Seriously they may have left it a bit late again all the big players are there already.

 

[aom]

FFS---a wee bit of insider dealing, missed a trick there eh Alistair


That's why I will always be humping steel instead of playing golf in Dubai.