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An announcement from Capital Drilling ( (GB:CAPD) ) is now available.
Capital Limited announced that all resolutions at its recent General Meeting were passed, allowing the allotment and issuance of Tranche 2 Placing Shares. This move is set to increase the company’s issued share capital to 225,303,781 Common Shares, enhancing its market presence and providing additional resources for expansion. The admission of these shares to the London Stock Exchange is expected to occur on 15 December 2025, marking a significant step in Capital Limited’s strategic growth initiatives.
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
Capital Limited operates in the drilling industry, providing drilling services and solutions. The company focuses on offering high-quality drilling services to mining and exploration companies, enhancing operational efficiency and productivity in the sector.
Average Trading Volume: 296,604
Technical Sentiment Signal: Buy
Current Market Cap: £244.5M
Find detailed analytics on CAPD stock on TipRanks’ Stock Analysis page.