Central Asia Metals Share Discussion Threads

[melton john] 02/8/2021 07:11

Not at all.

[johnrxx99] 02/8/2021 04:49

Melton John - I hope you don't mind that I've pasted those mews articles to the ATYM thread.

[zho] 01/8/2021 08:58

Goldman recapitulates $5 a pound copper price by end of 2021





From Miners to Big Oil, the Great Commodity Cash Machine Is Back

[qs99] 29/7/2021 09:39

Great thanks MJ, useful knowledge.

Copper price holding up v. well.....all helps for likes of CAML et al to make serious hay!

Added a few weeks ago to my PXC holding which is motoring in case any copper fans are intereste.

Also Taseko as we approach Q4 should be having updates to FLO which IMO is the "Big" play there....

DYOR on all and looking forward to the next update from CAML and continued divis into the ISA!!!
CHeers
QS99

[return_of_the_apeman] 29/7/2021 07:38

Copper looking perky and lead has broken upwards out of it's uptrend :-)

[yawn1971] 26/7/2021 13:47

Hopefully on the climb back to £3 !

[qs99] 26/7/2021 08:13

Copper price also going North again, now 4.45 and rising....DYOR

[ntv] 22/7/2021 16:27

Rising lead price is going to help make up for the shortfall in production

[yawn1971] 22/7/2021 15:28

Strangely we are very unloved at the moment.

[morph7] 21/7/2021 13:58

I agree Pol, it's a very conservative from Can.Personally I've grabbed another 16000 shares in the last 2 days. Outrageous valuation for what is one of the best run companies on AIM. Very happy to collect the dividend until we fly back past £3

[qs99] 21/7/2021 09:17

only £2.80? But yield nice as well....all in the ISA, lovely.

LSE also had same broker showing 2022 estimates for ATYM giving an EV/EBITDA ratio of 1 ffs, so if you want another play then that is a pure copper play.

Am looking out for more copper stories/forecasts on supply demand imbalances....will post if I find any of note.

GLA
Cheers
QS99

[pol123] 21/7/2021 09:15

Canaccord have been very conservative @ 280p I would expect at least 7%+ yield if metals maintain this level. Strong buy

[pob69] 21/7/2021 08:50

Canaccord starts Central Asian Metals at 'buy', expects big excess cash generation, initial target price of 280p

sharecast.com/news/broker-recommendations/canaccord-starts-central-asian-metals-at-buy-expects-big-excess-cash-generation--8041096.html

[garycook] 20/7/2021 11:31

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%.

[qs99] 19/7/2021 12:41

well done you....looking forward to next updates from all my copper miners....Should IMO be stellar results....copper continuing to hold up well....

[the_gold_mine] 19/7/2021 09:07

Increased my holding here by 45% this morning, I only see this going in one direction over the medium to long term. Couldn't resist at these levels.

GLA.

[pol123] 17/7/2021 15:24

Options look fair. I would have liked to have seen an element against growth and share price performance

[qs99] 16/7/2021 21:51

Interesting stock options and requirements to perform attached.

Roll on the next financial update.

DYOR

[qs99] 13/7/2021 09:04

pughman, at least I apologize! and why not anyway, if you like your miners, especially copper then why not share the love....! Glad I have, you may have been in the money with ATYM update this morning, just saying.

Locked loaded here and continue to add on the dips with CAML
cheers
QS99

[johnhemming] 12/7/2021 15:23

I tend to think that the forecasts from connected research can be quite useful because they are likely to be close to management forecasts. The target prices, however, are often not as useful simply because they are always like to produce something that the company likes.

[zho] 12/7/2021 14:42

In our view, CAML is on track for record earnings performance in 2021F. However, the share price is broadly flat YTD and currently the market, in our view, is too focused on modest output changes rather than the overriding driver of rising commodity prices. CAML currently trades at a 9% discount to peers on an EV/EBITDA basis.

We reiterate our Buy recommendation and target price of 325p which implies 33% upside and 39% on a total return basis.