Central Asia Metals Share Discussion Threads

[ammu12] 31/3/2021 14:44

End of April.

[longterm95] 31/3/2021 14:37

When is this going ex divi please ?

[zho] 31/3/2021 13:59

It looks as if the presentation is at

[jeff h] 31/3/2021 12:33

From the IC:-

"House broker Peel Hunt is forecasting an adjusted EPS of 43p in 2021, up from 24p in 2020. Buy."

[dubai123] 31/3/2021 12:24

I guess we raise questions live to the management team at the presentation this afternoon on investor meet company if you have registered and got a link

[pob69] 31/3/2021 12:14

Analyst VSA Capital updated paid for note

"...Management’;s navigation of COVID-19 and swift and effective response to the
Sasa disruption minimised the impact on earnings driving 16% outperformance
against the MSCI Metals & Mining index since the start of 2020. With a strong
balance sheet, strengthening earnings outlook and supportive macro backdrop
the company is now well placed to resume its growth strategy. We reiterate
our Buy recommendation increasing our target price to 325p which implies
29% upside and 35% on a total return basis"

[vish65] 31/3/2021 10:44

They want your shares. Just need to sit tight or buy the dips.

[ammu12] 31/3/2021 10:32

What's happening here ?

[mw16] 31/3/2021 10:30

And I thought the stock market was forward looking? Thats what we are told when it suits the city boys

[qs99] 30/3/2021 16:07

any broker updates noticed from anyone? Cheers

[pughman] 30/3/2021 11:12

On the 30.3.18 the share price was £3.19, with net debt over $100 million higher and CAML's basket of metals at a lower price than they are today. Someone has to have CAML in its sights at these bargain levels.

[geckotheglorious] 30/3/2021 10:43

Happy with those results.
Nothing "Unexpected" which is a brucey bonus...

No dip to add on....

[qs99] 30/3/2021 10:37

If the M&A is earnings enhancing, no problem with small placings, but with debt so materially down, they can finance with debt to a large degree IMO.....DYOR

[mount teide] 30/3/2021 10:11

Another excellent set of results - as reliable as a Swiss watch!

At current metal pricing/asset valuations, I'm not expecting another acquisition of a producing asset anytime soon - the div payout of 57% of free cash flow(well above the policy range) looks a strong pointer to management prioritising cash returns to shareholders over acquisitions during the next few years.

[ntv] 30/3/2021 09:00

that is the trouble
Another acquisition, another placing, another fall in the share price, look what happened last time.
Keep the cash and await a large fall in commodity price and then pick up a bargin using the cash
If they had been debt free In April last year they could have got a real bargin or even bought back their own shares at a huge discount
Those days have gone of Buffetts buy and hold

[vish65] 30/3/2021 08:54

All very good here.

Div at 57% of free cashflow (above mgt policy of 30-50%).
2021 will see them reach net cash positive balance by y/e.

Still expecting to hear of an acquisition at some point but the margins here are so good they must be struggling to find something that doesn't bring the overall Group margin down .

( Always very impressed with Nigel Robinson CEO.. Happy to hold)

[dubai123] 30/3/2021 08:36

There is a live presentation from management tomorrow on investor meet company so it will be great to hear directly from the CEO and CFO

[return_of_the_apeman] 30/3/2021 08:21

Solid as always - makes cash even at poor commodity prices

Havent gone through with any detail - no rush - but this stood out for me

Fag packet analysis -Last year 57% margin over all ops, this year just for copper the margin is circa 250% at todays copper price of approx $4 - is that correct?


CAML also reports a fully inclusive cost that includes capital expenditure, local taxes including MET and concession fees, interest on loans and corporate overheads associated with the Kounrad and Sasa projects. The Group's fully inclusive copper equivalent unit cost for the year increased to $ 1.63 per pound (2019: $1.50 per pound). The increase of $ 0.13 per pound reflects the higher Group C1 cash cost as explained above, however the impact of this increase was countered by lower finance costs and capital expenditure.

Net debt free in H1 surely

[11_percent] 30/3/2021 08:17

Nice rise....but "AT" trades killed it.

Is it time to get out of this share.

[qs99] 30/3/2021 07:41

given the last year, I'll take an 8p divi and good looking annual yield into 2021 given the state of stocks elsewhere! Likewise on way to be debt free by the looks of things....DYOR

[cthompso] 30/3/2021 07:25

Results look solid enough, if not spectacular. What should surely have been a 10p final (judging by previous years when the price was lower) looks to have been shaved by bringing spending on improvements forward and faster debt pay down.Sets us up for a spectacular 2021...

[qs99] 30/3/2021 07:15

Well personally I think they are superb!

8p final divi, boom.

EBITDA moving nicely and with increased commodity pricing over 2020, we can expect IMO bigger divis this year as they continue to pay out a big proportion of EBITDA.

Nearly debt free

Any negatives anyone?

DYOR

[geckotheglorious] 29/3/2021 17:27

hpcg
Post 4212
"Why would price react to H1 which is already known? "


1) The H1 outcome might be better than expected/worse than expected so perhaps not priced in no?

[simplemilltownboy] 29/3/2021 15:46

Expecting a 10 pence divi. Hopefully no more issues with the tailings. H1 will be a drag on the results which is obvious but still noteworthy. H2 will yield great results hence my 10 pence prediction. Capital costs will increase at SASA as they alter the operations at that site, but given the cash in bank don't see this as too much an issue. Just my thoughts. GLA, enjoy the weather and the garden.

[hpcg] 29/3/2021 12:54

Why would price react to H1 which is already known? The stock market is forward looking.