We use cookies to improve site performance and enhance your user experience. If you'd like to disable cookies on this device, please see our cookie management page.
If you close this message or continue to use this site, you consent to our use of cookies on this devise in accordance with our cookie policy, unless you disable them.


registration required

for more website access

This content can only be viewed by subscribers and registered users of Investors Chronicle.

Subscribe or register free today

Cape shares crash... again

Investors in Cape (CIU) have got that sinking feeling once again after a third profit warning this year sent the shares 29 per cent lower. The strong recovery after both previous warnings suggested investors believe there is value here, but we would advise bargain hunters to steer well clear this time. Cape has been hampered by a further slowdown in its Australian business and the review of the value of the group's assets in Australia is being extended group-wide. To top it all, chief financial officer Richard Bingham is leaving with immediate effect.

registration required

visible-status-Standard story-url-Cape_News_12112012.xml

By John Ficenec,
13 November 2012

Print this article

Related Companies

Advertiser reports

Register today and get...

Register today and get...
Please note terms & conditions apply