Central Asia Metals Dividends - CAML

Central Asia Metals Dividends - CAML

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Central Asia Metals Plc CAML London Ordinary Share GB00B67KBV28 ORD USD0.01
  Price Change Price Change % Stock Price Last Trade
0.40 0.23% 172.40 15:29:55
Close Price Low Price High Price Open Price Previous Close
172.40 168.40 174.80 172.80 172.00
more quote information »
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

mount teide: GC...today's buyers? The volume yesterday when the price dropped circa 3% was 550,000 The volume today so far is less than one tenth that and the share price is up circa 5% It would be reasonable to expect far more buying volume if your Dividend rumours were correct - what has changed is that copper is up circa 4.5% in barely 24 hours, touching $3.20 this morning. Would expect CAML will be emptying their copper storage warehouse big time into this pricing!
pughman: MT, your 09,31 post today is misleading. Zinc and Lead prices are not back above where they were when CAML bought SASA. In fact they are well below and have fallen every year since the acquisition. I'm a shareholder and have high hopes for CAML, but your posts are far from balanced. The share price reflects the ongoing Covid and dividend uncertainties which will continue to be a factor for the winter ahead.
mount teide: In a thin volume market the hedge funds that are short 4.4 million shares will know that with the downside risk of a second wave Covid-19 hanging over the general stockmarket, throwing extra resources at frustrating any material increase in the share price on re-instatement of the dividend (as they did after news of the intention to re-instate the dividend) will probably reap a rich short term reward, in terms of frustrating existing holders and in particular short term momentum traders into selling up and moving on. We and THEY know very well with copper, zinc and lead prices now mostly well back above the three year average price immediately preceding when CAML bought SASA, their short positions are no longer sustainable considering the current huge cash flow generation, so they have a small and closing window of opportunity left to exit, provided the volume remains modest, by frustrating any share price increase on re-instatement of the dividend. I fully expect them to follow that course of action provided they are not overwhelmed by buying volume.
garycook: CAML should not have to rely on strike,s in Chile for the share price to progress.CAML need to reinstate the dividend before month end to get any credibility going forward now.
bubloo: "At the time of our 2019 results, we took the difficult decision not to recommend a final dividend given the uncertainties that were facing our business and many others at that time. We have been able to safely mitigate a number of these key risks or seen these naturally recede. Post period end, we have seen a strengthening in metals pricing and continued, consistent operational performance. We had therefore planned to reinstate our dividend. However, given the recent TSF4 leakage, we have decided to delay declaring our interim dividend pending further clarity on the likely cost and timing on rectifying this issue, and we aim to provide an update in the near term."
mount teide: Copper hits $3.11/lb - highest level for 2.5 years. CAML - with Copper equivalent production of circa 30,000 tonnes per year and averaging a fully inclusive Copper equivalent Cash Cost of circa $1.45/lb over the last 2 years - for every $0.01 increase in the copper price (assuming an equivalent pro rata percentage increase in the Zinc and Lead price) over the H1/2020 $2.44 average price - CAML will generate additional Cash Flow of $0.33m in H2/2020 over that achieved in H1/2020. With Copper to date averaging $0.49/lb higher in H2/2020 over H1/2020 - this is equivalent to $16.2m additional cash flow over H1/2020($32.4m on an annual basis). At an average of the current Copper price of $3.11, it is equivalent to an additional cash flow of $22.15m in H2/2020 ($44.3m a year). CAML achieved free cash flow of $21.1m in H1/2020 (H1 2019: $35.5m).
mount teide: CAML's ultra low OPEX and CAPEX mining businesses are highly resilient to low metal prices as they demonstrated throughout the 8 year copper market recession. At the copper market recession low during H1/2016, copper averaged $2.12 in H1/2016 and CAML received an average sales price of $2.22. CAML's H1/2016 results were: H1 2016 EBITDA of $17.4m (H1 2015: $16.0m) and a margin of 56% (H1 2015: 53%) • H1 profit before tax up 49% vs. H1 2015 to $15.0m (H1 2015: $10.1m) • 2016 interim dividend of 5.5 pence per ordinary share (H1 2015: 4.5 pence) During H1/2020 Copper has averaged circa $2.48 against $2.12 in H1/2026 During Zinc and Lead's Q4/2015 - Q1/2016 recession low period: Zinc averaged circa $0.93 in H1/2020 against $0.75 in the Q4/15-Q1/16 period Lead averaged circa $0.80 in H1/2020 against $0.75 in the Q4/15-Q1/16 period The ultra low OPEX for both businesses has remained remarkably stable for many, many years and is expected to continue doing so.
mount teide: AW....been a shareholder since 2013........I've added 80,000 shares to the holding during the recent share-price weakness. The recent fall in the share price during lower industrial metal pricing in March-May 2020 driven by the impact of Covid-19, will have affected the high cost mine operators far more than CAML, a company which generated a CAGR of 24.9% during the longest sector recession in decades(2019-2016), and has paid out in dividends and share buy backs more than twice the $60million raised at IPO in 2010. What will be driving the copper and oil markets over the decade ahead is the waterfall drop off in production development and exploration investment over the last half decade. The low hanging fruit - easy to find and low cost to develop reserves - has been largely found and brought into production. Most copper miners target the high grade reserves initially to achieve early pay back - this is the primary reason the worlds largest mines have seen head grades fall alarmingly over the last two decades. Many globally important operators now need to mine close to double or more of the ore compared to 20 years ago just to generate the same annual copper production output. Codelco, Chile's and the World's largest copper miner is currently executing a $25bn production 'development' investment plan over 5 years at its globally important mines. Yet, Codelco told its shareholders at the commencement of this investment plan that it expects to increase production after spending $25bn of their funds by ZERO TONNES! Incredibly, the worlds largest copper miner has calculated that it needs to spend this vast sum in the hope of just maintaining current production at its mines, such is the impact of falling ore grades in its ageing mines. I like high quality, well managed copper miners, as i hold the view that ongoing infrastructure spending, particularly in the developing world, plus China's and the West's focus on reducing pollution will continue to drive strong Copper, Zinc and Lead demand growth over the decades ahead. The average pricing of industrial metals since the 2016 recession low has severely delayed global production development supply responses, making much higher average prices during 2021-2026 almost nailed on. Huge amounts of money is being spent around the world to drive the EV revolution with massive expansion of infrastructure, wind turbines, electricity networks and storage systems. This supports strong copper demand. Viewed from the perspective of a 5 year investment from today - i believe the fundamentals of the sector offer the prospect of much higher AVERAGE industrial metal pricing over the next 5 years, as without it the prospect of the industry generating the additional production required to meet the projected demand is close to zero. In such circumstances and at this stage of the recovery phase of the new industrial metal market cycle, i believe low cost operator CAML has the potential to return a CAGR investment return of circa 20%(Inclusive of dividends) a year - similar to what the company has achieved to date since listing in 2010. AIMHO/DYOR
speccy1: I've achieved my ambition of holding 5,000 shares here in my SIPP thanks to the recent dip in price. The focus on delivering shareholder value is way above anything else I'm invested in. I'm so impressed that Polar Capital have taken this opportunity to increase their stake, that I've invested in them too. Their dividend yield is almost as good as CAML. Now I just wait with baited breath for news that the dividend will be re-instated. Would Polar have increased their stake if the dividend was genuinely under threat? I'm surprised and frustrated that I'm under water here, but this is the best run company I've invested in, so happy to tuck my holding away and wait for the market to recognise just how much value resides here.
harris tweed: As someone who has come to rely on the CAML dividend, for me the takaway from the Proactive presentation was the continued re-emphasis that: a) The final dividend was cancelled as a precaution in case the mines had to be temporarily shut down, NOT because of low Cu price. b) The policy of paying 30-50% of FCF as a dividend has NOT changed. So I'm cautiously optimistic that CAML's excellent dividends will resume in due course.
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