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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Central Asia Metals Plc | 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 | |
---|---|---|---|---|---|---|---|---|---|---|
2.80 | 1.44% | 197.60 | 199.00 | 200.00 | 200.50 | 190.00 | 190.00 | 561,237 | 16:35:25 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Copper Ores | 220.86M | 33.81M | 0.1859 | 10.70 | 361.99M |
Date | Subject | Author | Discuss |
---|---|---|---|
01/7/2013 17:44 | Hi ARAgree with pretty much all you wrote above. The fact that the miners have had a torrid time recently does magnify this weakness. Luckily we have a great yield which should support us around current levels. It's ironic though that because of our success we had to pay a high price for full ownership. Having said that I might grab a few more at this present price what with the update coming out soon. May and June must of been 1000 tonne plus months. | morph7 | |
30/6/2013 08:06 | 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. | arphillips | |
27/6/2013 21:06 | If they can get this ownership issue sorted, the odds of which have just improved, then they should, in the next few years, move from 6000t of copper attributable production to 20000t of copper, so in that context, a price fall in the commodity will not matter that much. The danger has always been the country of operation. It has bitten us around the ankles today, but so long as it doesn't bite our head off... | danieldruff2 | |
27/6/2013 18:32 | New minesite article: All sounds very positive with half year production update next week. | arphillips | |
27/6/2013 16:44 | Update received then on acquisition of remaining 40% of Kounrad as promised. Its obviously slightly disappointing that the cost of acquiring the remaining 40% has increased substantially. However, the terms of the original deal were on the face of it just too good to be true so a change of terms comes as no major surprise. The good news is that the company is increasing its size by 66.6% on acquisition of remaining 40% at the cost of increasing its share capital by just 25% plus a cash payment of £904,120. That is still a cracking deal. Just looking at the numbers in detail its costing 21,211,751 shares at a current price of £1.12 that's £23,757,161 plus £904,120 giving a total cost of £24,661,281. Last year the profit before tax attributable to the 40% interest was $14.4m (approx. £9.4m) with gross assets of $30.1m. With a tax rate of 30% that's a profit after tax of £6.6m resulting in an historic PE acquisition rate of 3.75. Also, once this transaction is concluded the company can make a decision on whether to build a second plant or alternatively seriously consider other possibilities with their cash pile. | arphillips | |
27/6/2013 10:19 | SP Angel comment on the deal on the proactive site (can't post the link for some reason) | danieldruff2 | |
27/6/2013 10:04 | All these delays in finalising the contract smelled of something like this. So CAML blinked first. Originally the deal was for 8.6m shares, now it's 21.2m and £0.9m cash. The latter seems to suggest that the SUC portion is going to take up to 2 yrs more to hand over. Why? Now that the price of copper has dropped 10% in the last couple of months and is probably still on its way down this whole deal probably leaves the share price pretty close to fair value. I wonder what the next Edison report will have to say now that 'cream' on this deal has been skimmed off. | joan of arc | |
27/6/2013 08:33 | Morph7, why the "hmmmm"? Is that number of shares different from your expectations? | nhb | |
27/6/2013 07:14 | Dan, I think the CEO had meetings in Africa regarding opportunities for CAML hence the statement you quoted. No opportunities were identified. 21 million shares issued........... Hmmmmmm | morph7 | |
27/6/2013 07:07 | There's a subtle change from the Finals, where they said: "Whilst the Company started out with a focus on a geographical region in Central Asia, the strategy moving forward will not be constrained by such considerations and may well consider opportunities in other jurisdictions around the World." ie - goodbye to Asia Today they say: "the new agreement entered into with Kenges, brings with it a strong local partner who is prepared to support and represent the Company's interests, deliver the deal in a timely fashion and to identify new potential opportunities for the Company across the region" ie - hello to Asia | danieldruff2 | |
27/6/2013 07:00 | Completing acquisition of 40% Kourad not currently owqned by Q3 2013 "On Completion, CAML will issue 21,211,751 ordinary shares in the capital of the Company ("Ordinary Shares") to Mr Rakishev (representing 20 per cent. of the post-Acquisition enlarged share capital) (the "CAML Shares") as well as a cash payment of up to £904,120 in lieu of any dividends" | fangorn2 | |
24/6/2013 07:59 | As per the minesite article dated the 9th April we are due an update on the acquisition of remaining 40% of Kounrad in the second quarter so hopefully we will get some news before the month end. The year end results revealed that they were waiting for the interest in the JOA (Joint Operating Agreement) and the SUC (Subsoil Use Conditions) to be transferred from SEC Sary Arka to SAT Group. Once this is completed the transfer to CAML can begin. | arphillips | |
23/5/2013 17:39 | Interview with the CEO - minesite requires free registration | danieldruff2 | |
22/5/2013 09:33 | If this keeps on I'll have to buy some more! It would be rude not to. | nhb | |
21/5/2013 22:06 | Your right I bought 8551 at 110.75 which shows as a sell. Doah! Expect these to rise back to at least £1.20 in next few days. This company is exceeding production levels, paying 20% divi and only 84M shares in issue. | nashwan123 | |
21/5/2013 14:38 | Looks like a few buys shown as sells today as usual, my top up included. I'll keep topping up at these sorts of levels when cash allows. | garywigley | |
21/5/2013 10:43 | Yes, good RNS this morning. All on schedule to smash 10,000 this year, happy days. This share needs more love. | morph7 | |
21/5/2013 10:22 | V good news. Would like to top-up here but no spare funds! >. | king suarez | |
21/5/2013 07:29 | It's because it has such a boring name. I keep thinking it is called Central Asia Minerals, very easy to get confused. Added some more this morning. | danieldruff2 | |
21/5/2013 07:24 | More good news. No wait, more great news from CAML and yet little response in the share price. This company is a money machine and yet it's unloved. Very strange. | nhb | |
20/5/2013 16:56 | Good article on copper prices for 2013 | morph7 | |
19/5/2013 11:14 | Is anyone going to the AGM on the 22nd? I'm oversea's so cant make it. If anyone is there can someone please ask if there is a share buy back imminent because at these prices it would be foolish to pass the opportunity up. Thanks in advance. | morph7 |
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