logo-loader
Industry & servicesBusiness & education services
viewCapital Drilling Ltd

Capital Drilling Ltd chairman confident going into mining upturn

Jamie Boyton, chairman of Capital Drilling Ltd (LON:CAPD), says the firm is well positioned going into the mining upturn, both financially and operationally.
After slimming down the cost base over the last few years, it now has a healthy balance sheet and 94 rigs in good working order, he tells Proactive Investors.
On further drilling contracts, he says the firm is currently in talks over four to six possible deals,  and is confident of securing a number of them.
Eight exploration contracts were secured so far this year, with one  development contract and that’s where the market is coming back to life at the moment, he says.
It comes after the group reported a "solid" six months in which revenues grew 5% and underlying earnings (EBITDA) were stable.

Quick facts: Capital Drilling Ltd

Price: 60.6401 GBX

LSE:CAPD
Market: LSE
Market Cap: £82.62 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Capital Drilling Ltd named herein, including the promotion by the Company of Capital Drilling Ltd in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: PharmaCielo looking to 2020 as a transformative year for the...

PharmaCielo (CVE: PCLO) Chief Corporate Officer David Gordon joined Steve Darling from Proactive in Toronto to talk about the cannabis company whose operations are in Colombia. Gordon talked about the facilities they have and the advantages the climate in Colombia has for...

13 hours, 56 minutes ago

2 min read