Central Asia Metals Dividends - CAML

Central Asia Metals Dividends - CAML

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Stock Name Stock Symbol Market Stock Type
Central Asia Metals Plc CAML London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.50 0.21% 243.50 16:35:25
Open Price Low Price High Price Close Price Previous Close
244.50 240.00 247.50 243.50 243.00
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Industry Sector

Central Asia Metals CAML Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

mronions: CAML is a good company. Yes @Harris with-holding tax issue: but I think will be sorted - stock ex now and has made back all the dividend. I'm just saying ATYM is the sleeper ... hardly any debt, money making machine (thanks copper price), 17 years mine life, all infrastructure in place, modern plant. Its all good and uncomplicated. ATYM likely to continue outperform . If you are in CAML for copper, spread your exposure and get some ATYM (even if that means reducing CAML position).
mronions: Listen, am all supportive of you guys, but the trade is to switch some (I said some) of your CAML into ATYM. I have said this before, and this spread has moved. However, ATYM is likely to continue to outperform: Nov 18 production release. Online data providers don't even show that ATYM has a yield (happens to be one of the best on AIM). CAML does not have the momentum of ATYM. Trade rec sell 30% CAML position into ATYM.
pughman: CAML has had a strong first month in Q4, zinc in particular. On the 30.10.20, copper was $6718, lead $1805, zinc $2523. Today it's $9704, $2437 and $3414. They have paid out 20p in dividends over the last 10 months. CAML is a proven low cost, diversified metals producer, with a 7% yield. Net cash positive, the remaining SASA debt will be paid off in 9 months. Depending on acquisitions, there is ample room for CAML to substantially increase shareholder returns.
leopoldalcox: Caml and atym have a very different relationship with the copper price. Atym is a higher cost, high volume producer. Margin expansion with a higher copper price is far more dramatic. Caml is a low cost low volume producer. An extra dollar on the copper price isn't going to expand margins by the same amount. Add to this that zinc and lead make up a lot of the revenue, and it's clear why the performance has been different. Incidentally, I'm surprised there are few mentions of the zinc price. Doing very well for caml. I hold both caml and atym of similar values
hpcg: frazboy - I'm generally much shorter copper itself, though not at this exact moment. Overlay CAML and ANTO on a 1 year basis and they are near enough identical. However at times of dislocation CAML significantly under-performs ANTO and ANTO recovers much faster. I don't think this is that unexpected behaviour for a small cap. So of the two CAML is a better choice. RIO is a closer match but even CAMLs dividend is blown away by the former. I was short RIO as the iron ore price declined and leading into the dividend. Copper has rebounded today but IMO this just sets up another decent shorting opportunity.
kenmitch: It’s surprising that so many posters don’t understand basic dividend facts. CAML goes ex (the 8p) dividend on Thursday September 30th. Ex dividend day is nearly always on Thursdays. The register is checked to see those entitled to that dividend the following day. i.e Friday October 1st. Also anyone still holding the share on ex dividend day gets the dividend. Anyone buying on ex dividend day does not get the next dividend. And the CAML share price will be marked down 8p on ex dividend day. What happens after 8a.m is guesswork. Sometimes the share price goes on to fall by more than 8p. Sometimes that early ex dividend loss is fully made up by the end of the day.
garycook: Got the Dividend spot on at 8p. Central Asia Metals plc (AIM: CAML) is pleased to announce its unaudited interim results for the six months ended 30 June 2021 ('H1 2021' or the 'period'). H1 2021 financial summary -- Increased dividend and additional debt repayments o H1 2021 dividend of eight pence per share (H1 2020: six pence), representing 40% of Group free cash flow 1 ('FCF') o Post period end early repayment of $10 million of corporate debt facility -- Strong financial performance driven by robust commodity prices o Group gross revenue 1 of $106.3 million (H1 2020: $75.4 million) and Group net revenue of $100.8 million (H1 2020: $70.8 million) o Group EBITDA 1 of $64.4 million (H1 2020: $42.5 million) and EBITDA margin 1 of 61% (H1 2020: 56%) o Group FCF of $48.9 million (H1 2020: $21.2 million) -- Strengthening balance sheet o Cash in the bank as at 30 June 2021 of $54.3 million 2 (31 December 2020: $47.9 million 2 ) o Group net debt 1 as at 30 June 2021 of $10.1 million (31 December 2020: $36.2 million) o Debt repayments of $19.9 million (H1 2020: $19.2 million) H1 2021 operational summary -- Kounrad copper production of 6,214 tonnes (H1 2020: 6,607 tonnes) o Copper sales of 6,241 tonnes (H1 2020: 6,600 tonnes) -- Sasa zinc in concentrate production of 11,292 tonnes (H1 2020: 12,203 tonnes) o Payable zinc sales of 9,419 tonnes (H1 2020: 10,273 tonnes) -- Sasa lead in concentrate production of 13,807 tonnes (H1 2020: 15,140 tonnes) o Payable lead sales of 13,160 tonnes (H1 2020: 14,445 tonnes) -- River Remediation Project completed at Sasa -- Three Group lost time injuries ('LTIs'), Group lost time injury frequency rate ('LTIFR') of 2.50 Outlook -- CAML climate change strategy work underway o Sasa to be powered by renewable energy following post period end agreement to purchase solely renewable power from North Macedonian power provider, EVN, reducing Group greenhouse gas ('GHG') emissions by approximately 35% on an annualised basis -- Sasa Cut and Fill Project on track and on budget for commissioning in Q4 2022 -- On course to achieve upper end of 2021 Kounrad production guidance and lower end of Sasa production guidance 1 See Financial Review section for definition of non-IFRS alternative performance measures 2 The cash balance figure disclosed includes restricted cash This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014, as retained in the UK pursuant to S3 of the European Union (Withdrawal) Act 2018. Nigel Robinson, Chief Executive Officer, commented: "I am pleased to report an excellent set of financial results for the first half of 2021, with EBITDA up 51% and FCF up 131% period on period, driven by strong commodity prices. This positive performance over the past six months means we are able to declare a dividend of eight pence per share. This dividend, and the $10 million in accelerated debt repayments, which takes us closer to the debt free milestone, demonstrates our continued focus on delivering value for our shareholders, as well as our wider stakeholders. "We have advanced our Cut and Fill Project since the start of the year, which is on track and on budget for commissioning in the last quarter of next year. During the period, development of the new Central Decline has commenced, all major components for the Paste Backfill Plant were ordered and plans for the Dry Stack Tailings part of the project are also advancing. "As part of our commitment to sustainability, we have been assessing opportunities to reduce our GHG emissions, with several workstreams underway, and we recently secured solely renewable power for our Sasa operations from H2 2021 onwards. Having completed a scoping study for the Kounrad solar plant last year, we are currently in the process of upgrading this to a full feasibility study, which will offer a clearer view on the most effective way of reducing our GHG emissions at the project. "Over the past six months, our commitment to support our local communities continued and I am particularly proud of the recent completion of the Youth Park along the banks of the river close to Sasa in Makedonska Kamenica, a place that I am sure will be enjoyed for many years to come. "The outlook for the remainder of 2021 is positive for CAML, with strong demand for the metals that we produce, and we are on track to meet our output guidance from Sasa and Kounrad."
pughman: A quick rewind, a year ago CAML paid a 6p interim dividend on H1 20 average metal prices of C-$5605, L-$1676 and Z-$1964. My rough numbers for H1 21 including hedges, C-$8800+, L-$2000+, Z-$2800+, FCF of over $40 million(16p a share). A 8p dividend will be at the top end of their 30-50% FCF dividend policy, but with CAML now net cash positive in Q3 and robust metal prices, isn't a big ask. We shall see.
garycook: Canaccord starts Central Asian Metals at 'buy', expects big excess cash generation Tue 20 July 2021 09:34 | A A A No recommendation No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views. (Sharecast News) - Analysts at Canaccord Genuity initiated coverage of Central Asia Metals at 'buy', pointing out to clients the long life of the miner's main assets, los cash costs and consistent output. In their opinion, those attributes meant the copper, zinc and lead miner offered "high-quality lower risk exposure to those base metals". The low-cost assets were key, as they underpinned the outfit's commitment to its dividends, providing margins on an earnings before interest, taxes, depreciation and amortisation basis of 60-70%. Central Asia Metals required capital expenditures were also "modest", the broker said. The broker continued: "we believe that free cashflow (>17% p.a. yield over our medium-term forecasts) will remain robust through a wide range of commodity price environments, thus providing confidence in the underpinning of an attractive dividend." Indeed, the company was anticipated to turn net cash positive in 2021 and to generate excess cash - after dividends and debt repayments that is - of approximately $233.0m in aggregate over the next five years. The latter would be equivalent to 40.0% of the company's market capitalisation. Canaccord had penciled-in an annual dividend yield of about 7.0% for over the next five years working from the middle of the company's stated dividend policy of paying out 30-50% of its free cash flow as dividends. The analysts set an initial target price of 280.0p for the stock derived from a combination of their 12-month forward growth forecast for the company's EBITDA of 0% and the targeted dividend yield for 2022 of 5.0%.
zho: Berenberg comment courtesy of ericeric on the LSE board: Central Asia Metals (CAML) remains one of our favoured base metals names, with fairly low operational risk, stable operational performance, strong margins (EBITDA: 68%) and FCF (13.5% yield for 2021E). CAML has established a strong track record as a low cost base metals miner delivering consistent FCF generation and dividend payments. CAML is, in our view, one of the cleanest ways to play stronger base metals (in particular Copper). Its revenue mix is 49% copper, 28% lead, 23% Zinc. Income angle and valuation: The company trades on an attractive 4% dividend yield this year (based on 30% of FCF being paid out). At spot prices the company trades on a 16% FCF yield and c.5% dividend yield. The company is clearly generating a lot of free cash flow and with base metals prices spiking it is arguably the wrong point in the cycle to make acquisitions. Therefore we believe there is a good chance of management ramping up the payout ratio instead of deploying the capital towards M&A. If management were to payout 50% then the dividend yield would increase to 7% and 8% at spot.
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