Central Asia Metals Share Discussion Threads

[lord gnome] 14/9/2022 19:21

Good numbers, decent divi increase giving a great yield, looking for next deal. What's not to like? Happy to hold.

[dcarn] 14/9/2022 18:54

Divi paid 21st Oct.

[warranty] 14/9/2022 18:13

Can’t see the dividend dates, anybody know them?

[zho] 14/9/2022 13:46

Central Asia Metals ups dividend despite dark clouds

The low-cost miner has paid off its Sasa debt and sees record half for cash profits, while global conditions point to tougher road ahead

[nk104] 14/9/2022 11:44

Or it could just be a down day for the market as a whole, so CAML suffers despite the excellent results.

[gotabsirius] 14/9/2022 07:32

Yes, fixed contract expired end of June. They are getting their pants pulled down with the rest of us now. Hence the drop

[spoole5] 14/9/2022 07:30

As usual a damp squib from the market!

[uapatel] 14/9/2022 07:29

Not sure gotabsirius. Maybe find out on investormeet call this afternoon.

[gotabsirius] 14/9/2022 07:25

Has that not ended?

[uapatel] 14/9/2022 07:16

Nice fixed price electricity contract on Sasha. Good spot that Metis20

[mount teide] 14/9/2022 06:56

Tremendous set of results - this management is as reliable as a Swiss clock - delivering industry leading results year after year - company deserves a much higher valuation than the market is giving us.

[metis20] 14/9/2022 06:27

"It is a great pleasure to report a record interim financial performance for the first half of 2022, with EBITDA up 16% and FCF up 7% period on period. These results reflect increased metal prices to some extent counteracted by inflationary pressures but notwithstanding this, our costs during H1 2022 were well controlled with increases mitigated by weaker operating currencies and a fixed price electricity contract at Sasa. We are therefore delighted to declare an interim dividend of 10 pence per share."

NB "..fixed price electricity contract at Sasa.."

[uapatel] 14/9/2022 06:21

Increase in dividend and debt repayment done. Looks positive

[j4ckthehat] 12/9/2022 19:47

Looking at the chart there's every possibility this goes close to the ATH with this move

[haywards26] 12/9/2022 11:39

Nice share price movements of late, hoping for 260+ this week.

[leopoldalcox] 11/9/2022 10:13

Only that they will be more energy intensive than the copper ops, and situated in Europe, probably hit badly by the energy crisis

[gotabsirius] 11/9/2022 09:08

Any thoughts on costs from Macedonia opps?

[melody9999] 09/9/2022 16:20

Thank you Sant - lets hope my shrewdness pays dividends!

Exited CAML when Ukraine kicked off for fear of contagion. Back in today at under 220p early doors, with a follow on purchase at 225p, after continuing to follow CAML and seeing the good update recently. Looking for increased divi at end of month and recovery of metal prices after recent falls to take CAML back above 250p.

[yawn1971] 09/9/2022 15:07

Finally some upward movement. Been a long wait ! Roll on divi time !

[santangello] 09/9/2022 14:50

Shrewd buyers in before next Wednesday......

Results will surely be strong and there will perhaps be a hint towards what the company will do with that ever growing cash pile......Special Dividend ???

[zho] 09/9/2022 06:54

Saxo, this morning:

Copper trades higher with the futures market signaling increased tightness, primarily due to a pickup in Chinese demand and imports, which despite lockdowns has seen the infrastructure push ramping up. In addition, a lower-than-expected August CPI and PPI may give the PBoC more room to ease conditions. Exchange monitored inventory levels has dropped to an 8-month low at a time where mining companies struggle to meet their production targets with top producer Chile seeing its exports slump to a 19-month low due to water restrictions and lower ore quality. Speculators have increased short positions in recent weeks as a hedge against recession and China weakness, and they are now increasingly exposed. Support at $3.54 and for a real upside and trend reversal to occur the price needs to break above $3.78/lb.

[zho] 08/9/2022 16:30

Copper spreads are spiking in a signal that physical supplies remain tight despite global economic headwinds.

The premium for cash copper over three-month futures on the London Metal Exchange rose by as much as 91% on Thursday to a high of $145 per ton, an indication the market is paying more for units right now. That’s the biggest backwardation since November last year.

Funds have historically bought and sold copper futures as a proxy for global growth, and the metal has declined 20% this year on fears over a recession. Still, the underlying physical market is robust, with Chinese copper imports ticking higher, while top producer Chile said exports were at a 19-month low. Copper climbed as much as 2.4% on the LME, the most in almost five weeks......

[yawn1971] 08/9/2022 11:59

Someone buying?

[zho] 07/9/2022 14:20

>>Doesn't China have a massive Construction sector>>

It does, yes. I'll post the whole article in case people have trouble accessing it.

It's contained in the Bloomberg Elements daily email, which anyone can sign up to.

+++++++++++

The story of the world’s industrial commodities over the past two decades is a tale of Chinese cement.

At least 40% of demand for every major metal comes from China, and roughly 40% of that sum is used just in real estate. Steel goes into reinforcement bar, railings, roofing, doors and elevators, often coated or alloyed with zinc or nickel; aluminum is used for window frames, copper in wiring and appliances.

All that consumption first requires that concrete gets poured. Look back at the Bloomberg Industrial Metals index since China joined the World Trade Organization in 2001, and the turning points from bull to bear markets track closely with the moments the country’s cement output started to accelerate or decelerate.

That’s reason to fret about where the China Building Materials Federation sees the world heading. On Monday it released its map for the remainder of the 14th Five-Year Plan running through 2025. The most, er, concrete promise is that emissions from the cement sector will peak this year.

It’s almost impossible to decarbonize cement production in any significant way, especially in the short term, so a peak in emissions means a peak in output. That will have knock-on effects throughout the universe of hard commodities.

The industry will actually be lucky to see a peak this year rather than an outright slump. The floor space of newly started homes in July fell to its lowest recorded level since 2009. With “mortgage strikes” spreading among householders, the amount raised in advance payments for homes in March, April and July was at best half of the corresponding figure last year — a momentous drop, given such deposits account for about 37% of total real estate funding. That’s consistent with the picture of the economy painted by today’s lackluster trade data.

Commodity bulls will hope these problems prove a temporary blip, to be fixed with a dose of stimulus as China resumes its inevitable path of construction-heavy growth. The vision of the country’s cement sector — the one it’s now promising the government it will deliver — is far different. Today’s real estate weakness is a sign that a once-in-history construction boom has come to an end. The future promises only stasis, and decline.

[geckotheglorious] 07/9/2022 14:15

Zho,
Doesn't China have a massive Construction sector - specifically housing - crisis incoming?