TEESSIDE SCAFFOLDER
Well-known member
Sunday Telegraph
Energy services group Cape, which has issued three profit warnings since November, finally gave investors some good news after the company confirmed it would meet its lowered expectations for the current financial year.
Cape, which provides scaffolding, insulation and painting services to the oil and gas and power industries, also maintained its interim dividend at 4.5p despite a 70 per cent slump in half-year profits to £9.9million.
The current order book stands at a healthy £920million and for 2013, £307million of work has been secured.
Its new management team has to tighten up controls and win more contracts but with the bad news seemingly out the way the shares may be a buy again at 242.4p
Read more: Sunday newspaper and magazine share tips | This is Money
Energy services group Cape, which has issued three profit warnings since November, finally gave investors some good news after the company confirmed it would meet its lowered expectations for the current financial year.
Cape, which provides scaffolding, insulation and painting services to the oil and gas and power industries, also maintained its interim dividend at 4.5p despite a 70 per cent slump in half-year profits to £9.9million.
The current order book stands at a healthy £920million and for 2013, £307million of work has been secured.
Its new management team has to tighten up controls and win more contracts but with the bad news seemingly out the way the shares may be a buy again at 242.4p
Read more: Sunday newspaper and magazine share tips | This is Money