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CAML Central Asia Metals Plc

197.60
2.80 (1.44%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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
Central Asia Metals Plc is listed in the Copper Ores sector of the London Stock Exchange with ticker CAML. The last closing price for Central Asia Metals was 194.80p. Over the last year, Central Asia Metals shares have traded in a share price range of 151.20p to 252.50p.

Central Asia Metals currently has 181,904,941 shares in issue. The market capitalisation of Central Asia Metals is £361.99 million. Central Asia Metals has a price to earnings ratio (PE ratio) of 10.70.

Central Asia Metals Share Discussion Threads

Showing 1376 to 1399 of 5950 messages
Chat Pages: Latest  58  57  56  55  54  53  52  51  50  49  48  47  Older
DateSubjectAuthorDiscuss
10/2/2018
21:01
Investment firm turns bullish on Zinc - Resource World - 7 Feb 2018

TD Securities is bullish on the outlook for the price of zinc. The investment firm has upped its stock price targets for a number of players in the sector after increasing its zinc price forecast to US $1.76 this year from a previous target of US $1.65 a pound. That’s up from US $1.56 a pound on February 7, 2018.

TD has also revised its forecasts for the next two years, pushing its 2019 estimate to US $1.75 a pound and 2020 estimate to US $1.50 a pound. That’s up from the previous forecast of US $1.45 and US $1.30 respectively.

The price of the metal has been on a steady climb since Swiss metals trading giant Glencore AG announced that it was shutting down 500,000 tonnes of mine production. That was back in October 2015, when zinc was trading at around 65 cents a pound. Prices were also driven higher by the closure of a number of large zinc mining operations in Ireland and Australia.

While TD expects mine supply to improve, it says supply will be mostly H2/18 weighted and is unlikely to affect refined metal supply until the first half of 2019.

“We expect that total zinc stocks will remain very low at 32-33 days of consumption through 2020 (the lowest since 1985), lending support to prices,” said TD Securities analyst Greg Barnes. “Low stocks and limited mine supply in 2018 could result in a sharp upward spike in prices,” he said.

TD went on to note in its report that zinc inventories are low and getting lower. Zinc fundamentals remain supportive with global exchange stocks at 10 year lows (equivalent to just six days of consumption) and the forward price curve not in backwardation through mid-2019, suggesting that the market expects supply to remain tight.

mount teide
10/2/2018
19:55
This FT report on the Copper Market should be required reading for any invested or considering an investment in the sector.

- FT today.

Copper is still cheap, despite its surging price

Supply restrictions will be hard to unpick as global demand ramps up

'The copper bells are ringing to warn us we are in the late cycle when metals prices have their sudden and unexpected upward moves. Unexpected, that is, for central bank macroeconomists, supply-chain-stretched manufacturers and off-the-shelf investment algos.... 

.....This is not just a China story, or unsustainable speculative demand....

There is little exuberance, rational or irrational. Despite their large cash hoards and cash flows, none of the major companies is proposing to shoot a rocket loaded with copper into the asteroid belt, or even invest enough to maintain production.

So world copper production dropped more than 2.5 per cent last year, as declining ore grades and labour strikes more than offset the output of new mines or expanded production at existing mines. This was mostly because of declines in ore grades and delays in commissioning new capacity...... 


....The first reaction of consumers, manufacturers and politicians will be to accept the copper price increases that will be created by the tight supply conditions.

.....It will take a lot of demand destruction to match a stagnant, choppy and depleting supply. That will happen later in the cycle than rises in rates and declines in equity prices. Copper and copper companies are cheap and interesting. '

mount teide
10/2/2018
16:33
Topaz 'This could open 40% down when/if it comes back with copper heading to the bin' -Sept 2017

The quality of that prediction of a 40% drop to £1.50 post the £2.30p placing to fund the SASA mine acquisition would give the forecasters at the Treasury or IMF a run for their money. The share price in fact went UP 40%! How wrong can you be ?

Now your offering us £1.80 by summer - a hugely bullish 20% upgrade on you're previous forecast! Things must be looking up!

mount teide
10/2/2018
15:36
Retail investors, always last to get out, told you all to sell a few weeks ago!

£1.80 here by summer

topazfrenzy
10/2/2018
08:34
Results will announce dividend payment.
coxsmn
09/2/2018
18:45
hxxps://www.centralasiametals.com/investors/financial-calendar/

10th of April

arf dysg
09/2/2018
16:51
Just checked the CAML financial calendar and final results should be around 7-8 weeks away in early April.
bluerunner
09/2/2018
13:52
The fall today is absolute senseless nonsense. Hopefully silly season will end soon.
coxsmn
09/2/2018
12:44
Really? I add on the way up and apply a moving stop. I agree that the outlook here looks very good longer term. I've been late to the party - in since September 2017 - but MT's posts here have been enlightening.I now hold CAML, UAI, DGOC, PFC and ARS in that order.Still have high cash % holding though.
bluerunner
09/2/2018
12:03
Mr Blue. It is certainly unusual for me to increase my holdings in a company that has already enjoyed good gains already, but I am very conscious, as ever, of Peter Lynch's exhortations, that sometimes, just sometimes, the best share to buy is the one that has already realised good gains. Is the price compelling from this start point? Absolutely it is. We have spent around a year waiting for U and I Group to shift have we not - during this time patient institutional buyers have sailed patiently behind the convoy waiting for impatient retail investors to offload, never pushing the price, just accumulating as cheaply as retail holders lose patience - as the numerous holding declarations show. For CAML, there will be profit taking, of course there will, that is why stocks get overbought and you have pull backs. Sector outlook is now strong, CAML is an outstanding outfit by any measure and crucially, CAML is selling for a considerable discount to the rest of the sector in spite of its quality. Large reverse takeovers with share issuing always muddy the waters a little until the next set of results come thorough. I was able to estimate the forward EPS etc, albeit approximately, which was sufficient, but that is why I clarified my assumptions with MT last week. A lot of investors, institutional and retail, will not be fully aware of the extent of the forward value until the accounts for last year are published and forecasts/analysis for the new/current year are released. We are likely to more than double and could easily triple our current price over the next 2 years, and we have a huge margin of safety along the way - just what I am always looking for. Bogdan
bogdan branislov
09/2/2018
09:24
On reflection Kenges Rakishev selling down the remainder of his investment into a strongly recovering sector at a 20% premium to what he sold a similar sized holding just 4 months ago at the time of the placing to raise funds for the SASA mine acquisition, was always a strong possibility.

That it is also at a price circa 20% below the recent highs is probably to ensure there would be very strong interest to get it away quickly and cleanly.

Its also worth reflecting on how good Kenges CAML investment has been - since 2010 during what has largely been a near continuous period of brutal recession for the sector - Kenges has seen 60% of his original investment returned in dividend payments together with 130% capital growth for his dis-investment in October and 175% for this latest selldown.

That is a circa 20% CAGR without dividend re-investment over 7 years in an industry where investors in most FTSE heavyweight miners like Glencore saw their investment valuation collapse by 85% at the Nadir, dividend suspended and material dilution through a huge cash raise to strengthen the balance sheet.


Added a decent chunk this morning at 289p

AIMHO/DYOR

ps - this placing puts Peel Hunt's recent broker Note in even greater perspective considering they would have been busy organising the Placing at the time!
Would not surprise if Peel Hunt retained a very healthy chunk for themselves!

mount teide
09/2/2018
07:28
This just keeps happening just after I start investing in new companies. Guess I should be suspicious of taking advantage of slight share price weakness which has happened for no apparent reason.
shanklin
09/2/2018
02:56
I wish the rest of my PF were as resilient as CAML & ATYM!
Hope the tree shake in US doesn't get contagious.

I doubt that placing will change anything at all; aggreed with MT

Hello Lord G. How you doing?

napoleon 14th
08/2/2018
23:18
Not the happiest of developments.

Who is to say this will not happen again given many early holders will be sitting on vast paper profits?

Given the performance in the DJI today - (all boats to fall?) - tomorrow will certainly be “interesting” here.

Longer term perspective is hopefully more relevant and positive.

bluerunner
08/2/2018
22:52
People can no doubt also purchase during this correction at reduced rates.
I have some powder to do so

mr.oz
08/2/2018
22:34
Spot on Mount Teide. Those chosen to receive stock at 275 would have been selling their existing holdings at 300+. Money for nothing. I would have done the same. Onwards and upwards once the wider market correction is over.
lord gnome
08/2/2018
21:29
waterloo01 - 'they did close the book pretty sharpish which is a good sign'

I would have ripped their arm off for another large chunk at 275p!

This placing has almost certainly been planned for a month or more, with the book probably done and dusted well before it officially opened.


Some clues:

The short position after falling sharply in December by 750,000, surprisingly went back up again by 500,000 shares in January, according to Euroclear's report published yesterday.

Volume this week has averaged 1.1m a day - nearly three times the daily average for this year up to this week.

Volume today was 2.4 million, some 6 times the daily average of January.
There were a number of huge transactions all at around 300p:
2 x 100k
2 x 125k
1 x 250k
2 x 350k

L2 - this week has seen high volume machine gun selling attacks into the close, dropping the price by up to 3%.


Put that lot together and the long in tooth cynic might suggest city friends of the bookrunner pre-selected for involvement in the placing had been given a 'steer'.

The FCA claim 20% of the transaction volume in the last few weeks leading up to a placing announcement are suspicious - in this instance I reckon a strong case could be made for at least doubling that figure, if the trend in daily transaction volume is a reliable guide.

Highly irritating that some may have shorted/sold stock using information not available in the public domain, then bought it back 30-50p cheaper in the placing, with a chunky dividend to come in 8 weeks time.

As Harry Markopolis wisely remarked "Never underestimate the greed of brokers and institutional investors"

I strongly suspect for the rest of the market it will be nothing more than long forgotten background noise in a months time.


AIMHO/DYOR

mount teide
08/2/2018
19:00
They did close the book pretty sharpish which is a good sign, especially as done on such a volatile day.
waterloo01
08/2/2018
18:58
Not necessarily Waterloo. That's the seller bow cleared, and fundamentals still very strong. Might see some short-term weakness, which would be an opportunity
the deacon
08/2/2018
18:55
Who took them? £2.75 is a bit of a steep discount but then it's a fair quantity. Will this now trade down to £2.75?
waterloo01
08/2/2018
18:54
Placing at 275p against a Closing price of 300p. I was hoping for 280's which is where we will probably now open - subject to other "noise".

"Further to the announcement made earlier today, CBH Europe Limited, on behalf of Kenges Rakishev, a Non-Executive Director of CAML (the "Seller") has sold, conditional on, inter alia, completion, 10,605,876 ordinary shares of US$0.01 each in the Company (the "Placing Shares") at a price of 275 pence per share (the "Placing"). The Placing Shares represent approximately 6.0% of the Company's issued share capital."

martinthebrave
08/2/2018
16:42
Rakishev heading for the exit. This probably explains some of the price weakness over the last few days. Trousering £30 millions plus should keep him in style for the rest of his life.
lord gnome
08/2/2018
16:38
Some chunky buys coming through. Exciting!
from8to800
08/2/2018
11:17
There is probably no better example in the mining sector than ARS of how the brutal near 8 year recession in the industrial metal markets through to early 2016, decimated global production development and effectively brought exploration by the majors to a complete standstill for nearly half a decade.

Posts 11248 and 10725 on the ARS thread gives a little background - so impressed with the potential of the ARS assets and discoveries found by exploration entirely funded by sector Major Freeport were the new Australian management who took over ARS in 2015:

ALL the Board (Execs and Non Execs) have collectively elected to take their entire 'remuneration/fees' since as share price incentivised stock options, thereby fully aligning themselves with shareholders to an extent I have never seen before in any company - three years of paying their own and families living expenses out of their own pockets is making a huge statement.

How were they able to do this? Some like ARS CEO Tony Manini were instrumental in taking Oxiana Metals an Australian junior miner from a company worth $3m to $6bn during the previous 2000-2008 sector recovery/boom phase. Tony recently said, he managed to take Oxiana to a $6bn valuation by doing what he’s doing with Asiamet right now.


No investment advise offered, intended or inferred.


AIMHO/DYOR

Declaration: My views may be heavily coloured from building up a near 4 million ARS position averaging 3.5p - some extremely prescient sector specialist PI's who are great fans of ARS's ex Oxiana Metals management hold positions averaging between 1m and 6m at average prices of less than 2p.

mount teide
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