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Capital Drilling ( (GB:CAPD) ) just unveiled an update.
Capital Limited, a company listed on the London Stock Exchange under the ticker CAPD, has announced a director dealing involving BPM Investments Limited, a related party of its Director and Executive Chair, Jamie Boyton. BPM has been issued an additional 124,374 Common Shares as part of a recent Placing, bringing Mr. Boyton’s total shareholding to 21,994,066 Common Shares, which represents 9.76% of the company’s enlarged share capital. This transaction follows the issuance of Tranche 1 and Tranche 2 Placing Shares, highlighting an ongoing strategic move to strengthen the company’s capital base.
The most recent analyst rating on (GB:CAPD) stock is a Buy with a £133.00 price target. To see the full list of analyst forecasts on Capital Drilling stock, see the GB:CAPD Stock Forecast page.
Spark’s Take on GB:CAPD Stock
According to Spark, TipRanks’ AI Analyst, GB:CAPD is a Outperform.
Capital Drilling’s strong cash flow generation and positive technical indicators are significant strengths, supporting a favorable outlook. The recent equity raise further enhances growth potential. However, concerns about declining revenue growth and operational margins, along with moderate valuation metrics, slightly temper the overall score.
To see Spark’s full report on GB:CAPD stock, click here.
More about Capital Drilling
Average Trading Volume: 301,830
Technical Sentiment Signal: Buy
Current Market Cap: £248.9M
See more insights into CAPD stock on TipRanks’ Stock Analysis page.