Share Name Share Symbol Market Type Share ISIN Share Description
Central Asia Metals LSE:CAML London Ordinary Share GB00B67KBV28 ORD USD0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 182.00p 181.00p 185.00p - - - 0 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 45.6 22.2 13.6 11.1 202.71

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Date Time Title Posts
05/10/201611:23Welcome to Central Asia Metals484
30/9/201011:25Kazak Copper with Mongolian Twist1

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Central Asia Metals (CAML) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
24/10/2016 16:58:08182.006721,223.04O
24/10/2016 16:35:17182.006,18311,253.06UT
24/10/2016 16:28:43181.256201,123.75AT
24/10/2016 16:28:03181.251,1102,011.88AT
24/10/2016 14:41:33184.255,0009,212.50O
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Central Asia Metals (CAML) Top Chat Posts

Central Asia Metals Daily Update: Central Asia Metals is listed in the Mining sector of the London Stock Exchange with ticker CAML. The last closing price for Central Asia Metals was 182p.
Central Asia Metals has a 4 week average price of 184.53p and a 12 week average price of 177.89p.
The 1 year high share price is 195.50p while the 1 year low share price is currently 0p.
There are currently 111,380,145 shares in issue and the average daily traded volume is 22,981 shares. The market capitalisation of Central Asia Metals is £202,711,863.90.
thomasthetank1: Read QuotedData's note on CENTRAL ASIA METALS, out this morning, by visiting hxxps:// "Central Asia Metals (CAML’s) recent annual results show that the company recorded another profitable year in 2015. With a final dividend of 8.0p, the company is maintaining the total dividend at 12.5p, resulting in a dividend yield of 7.1% at the current share price. ..."
hedgehog 100: From "Shares" magazine, 9 April 2015 (some extracts only): "Central Asia risk warning Acquisition plans could upset existing investors DANIEL COATSWORTH Investors in copper producer Central Asia Metals (CAML:AIM) should brace themselves for a potential change in the risk profile of the business. Known as a reliable cash-generative company paying handsome dividends, the £181 million cap is hunting for acquisitions. This could see the addition of exploration assets which will consume, rather than generate, cash. While such an announcement could cause turbulence in the share price, presently trading at 162.5p, the company is at pains to stress that only assets with low potential costs will be considered. It is determined not to threaten its position as a low-cost producer, implying any exploration asset would have to be able to make money at depressed commodity prices once it enters production. It is presently undertaking due diligence on a copper tailings project in Chile called Copper Bay. ... Clarke reveals that 'for sale' producing assets are rare on a decent valuation, not helped by competition from private equity. 'We set out to find something in operation. We've now had to go back down the value curve, looking at assets at the feasibility stage. Generally our major shareholders wouldn't want us to do exploration, taking Kounrad's cash and throwing it in the ground. But we would get involved with a project that has a resource but needs more drilling,' says the CEO. ... SHARES SAYS: ... The determination to focus on low costs should ensure the business stays profitable during the commodities slump, so don't panic if it unveils a non-revenue-generating acquisition."
danieldruff2: It seems that any time someone wants to sell in volume - there was a 250k sell today - the share price zooms down to the 150-160 range to accommodate it. And it's happened again. The extra output this year should mitigate the copper price fall which I doubt will be long term. The only disappointment is that they have not updated the market on the Copper Bay JORC. I did see a comment in a news report it would arrive this year, which is vague to say the least, but they should be informing investors of the latest timeline. Naughty. I hope they are not going to get self satisfied and sit on their big pile of Kounrad cash, like Smaug the Dragon. They need to be a bit more proactive at sizing up other opportunities. I was a big fan of Anglo Pacific for a long time, and there, they made the mistake of coasting off the royalty from the Kestrel coal grounds for many years and were lazy about making sensible investments with the surplus cash, and are now paying the price.
m1das_touch: Agree WirralOwl, the management are doing an excellent job and these are great results. Have these in my ISA for the long-term and happy just to keep collecting & reinvesting the (growing!) dividend, whatever the share-price does. With such low production costs, they should be able to make decent cash profits in most pricing environments.
arphillips: Latest minesite article: Confirms still on course for 11,000 tonnes this year. Interestingly it also states that future dividend yield could be as high as 8% at current share price.
danieldruff2: There are quite a few variables invovled, not least the copper price, but from their stated policy I would expect the full year dividend to come in between 6-7.5p, most likely the high sixes, so that would give a yield around 5% at current share price.
the count of monte_cristo: At the current share price, what % is the dividend? Is it over 5%?
arphillips: Hi Morph7, I know from reading your previous posts you had a large holding and significantly reducing your holding over concerns about the falling price of copper aswell as the time taken to conclude the acquisition of remaining 40% has proved a shrewd decision. Fortunately CAML's share price has held up comparatively well in a very torrid market for resource stocks. Clearly the cost of acquiring the remaining 40% bears no resemblance to the original deal and will not now result in a major rerating of the share price. This is disappointing. However, the new deal is in itself still very attractive with the Company increasing in size by 66% by issuing 25% more shares. The Kounrad operation, as a low cost producer, is highly profitable and generating considerable cash and the new deal, though not now a total game changer, will result in increased earnings per share. The recent Minesite article states that Cannacord consider it to be earnings accretive with dividend yields possibly increasing to 8%. So although more shares will be issued there is no dilution of current earnings/dividends. As regards control and voting rights, the Company will have full control of the Kounrad operation with 20% of voting rights now in the hands of a major local Kazakh investor. This is surely far better than only owning 60% of the operation and not being able to fully benefit from further progressing the operation. The new deal provides much greater clarity going forward with a defined timeline of completion. Consequently it is interesting to note that the Company is reiterating its intention to increase production in 2015 either through a second plant or expansion of the existing plant, if everything goes according to plan. The option of expanding the existing plant could be a very cost effective way forward.
norbert dentressangle: Very strange lack of interest here, on the boards and in the share price. What's spooking the city exactly? The company is hell bent on paying a dividend and at current share price it equates to a decent 6.5%. Proven tech, in profit, masses of reserves equalling $1.6billion in revenue spread over the next 25 years at an approx 80% profit margin. Works out to $50m profit a year on a Mcap of $170m. What am I missing?
arphillips: Central Asia Metals Turns In A Maiden Profit As Copper Production At Kounrad Gets Into Its Stride By Alastair Ford "I've never given promises I haven't subsequently delivered on", says Nick Clarke of Central Asia Metals, after the company delivered a maiden profit on just a few months of production from the Kounrad copper project in Kazakhstan. Copper production at Kounrad "It pays to deliver on what you say. At the end of 2010 we made certain promises. We said we'd deliver Kounrad for US$47 million. We actually did it for US$39 million, so in an industry which sees double-digit over-runs we've come in under budget. And we said we'd do 5,000 tonnes of copper this year, and already we've increased on that." Indeed, commissioning at Kounrad has gone so well that for the full year to December the company now expects to produce 5,750 tonnes of copper, up by some margin from the previously anticipated 5,000 tonnes. And there could be more to come. "Some people have argued that since we've already produced 4,300 tonnes, surely we can do more", says Nick. But in any new plant, when it comes to ramping up production it pays to be cautious. The great unknown that Central Asia Metals is about to get to grips with is the Kazakh winter, which has crippled more than one UK-backed mining enterprise in the past. "Our main product is ostensibly a solution", explains Nick. "And what happens in cold weather? Solutions freeze." But Nick is a seasoned mining engineer, and this is not his first time round in Kazakhstan. The Kounrad operation has been equipped with an 8MW coal-fired boiler station which will allow the company to keep the solution at around 8º centigrade. So, all being well, it's perfectly possible that even that revised 5,750 tonnes target might be surpassed. Certainly, Nick is very confident that next year's 10,000 tonne target will be met. "The way the plant has performed so far, we will do it", he says. Even more to the point, Kounrad is now beginning to throw off sizeable chunks of cash. As things stand, Central Asia is currently producing metal at a cost of around US$0.46 per pound, while the overall cost of sales figure, which includes distribution and selling costs and taxes, stands at US$0.85 per pound. That allows for a nice chunky margin on the current copper price of US$3.75, and has already helped the company turn a maiden pre-tax profit of US$500,000 for the six months to June. Will there be inflationary pressure? - of course. But Nick is resolute. "Our objective next year is to keep at that level of costs", he says. "Staying in business is all about being in the lowest cost quartile you can be in." So with a tight grip on costs, the copper price strong and production set to rise, Central Asia looks well positioned for the future. "Everything that we can control, that we can influence, we have", says Nick. The next challenge will be further growth. Plans have been in train for some time now to double output at Kounrad via the construction of a second plant. The cost of such an undertaking has been put at between US$45 million and US$50 million, but it would probably be a fairly easy lift for Central Asia, given that it's already put one such operation into production. "There are different infrastructure issues to work out", says Nick. "But we know that we would keep the plant pretty much as is. It's a Chinese plant. It has a good design, good adaptability. We would keep the design as it is, and that would foreshorten the approval process." So far so good. But Nick's unlikely to press the go button on that development until he's received clarity on an ongoing transaction relating to the ownership of Kounrad itself. When Central Asia first brought Kounrad into production it was under the auspices of a 60:40 joint venture with various Kazakh interests. Subsequently, the company agreed a deal to buy out those interests, for which it is now seeking official approval. Already, the government has waived its pre-emption rights, and the transaction is now in front of the State Anti-Monopoly Committee. This stage of the process ought not to prove a major hurdle. "At 10,000 tonnes a year we're below the radar screens of virtually everybody and everything", says Nick. Even so, the process is taking longer than he'd anticipated, partly because there was recently a change in government. "I'd love it complete", he says. But for now it's a waiting game. "And we can't ignore the fact that this second plant is also tied up with the ownership issue. We're not going to commit to US$45 million or US$50 million until the ownership issue is resolved. We can't separate the two." In the meantime though, Central Asia's shares have been on the rise, partly on account of the strong financial results, and partly as a result of a robust by-back programme which Nick has initiated after he was given a mandate to acquire up to five per cent of the company on market. The programme was initiated earlier in the summer, at a time when Central Asia's shares were suffering from what seemed to Nick an unjustifiably low valuation. "I'm a fairly emotional character when it comes to supporting my own stock and story", says Nick. "And I couldn't understand why we were being discounted. So I said: we mustn't show the enemy the fear in our eyes. We've got cash, let's go into the market." To date, the programme has been remarkably successful. When it was initiated back in July, the company's share price was 70p, and there were 86 million shares out. Fast forward three months and the share price is touching 100p, and there are 85.5 million shares out. That means that for an outlay of £600,000 and £700,000, Central Asia has been able to support an increase in its market capitalisation of around £25 million. That's pretty good going, especially considering that most other juniors suffered weaker share prices across the same period. Consistency has been important - notices from Central Asia that it's been buying share have been coming out on a regular basis ever the buyback was initiated. From the 1st to the 5th October there was one every day. But perhaps more to the point, the market can now see clear evidence of a company that's really getting into its stride. Production is on the rise, costs are well under control, the shares benefit from robust support on the market, and there is plenty of scope for further growth down the tracks. All told, it's perhaps not surprising that the shares have risen by more than 40 per cent over the past few months. It'll be interesting to see where they go from here.
Central Asia Metals share price data is direct from the London Stock Exchange
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