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 Shares Traded Last Trade
  0.50 0.23% 213.50 126,126 16:35:05
Bid Price Offer Price High Price Low Price Open Price
213.00 215.00 216.00 210.00 210.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 150.82 56.99 21.34 10.1 377
Last Trade Time Trade Type Trade Size Trade Price Currency
16:43:44 O 6,000 214.00 GBX

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Date Time Title Posts
20/10/201918:42Welcome to Central Asia Metals3,002
30/9/201011:25Kazak Copper with Mongolian Twist1

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Central Asia Metals (CAML) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-10-23 15:43:45214.006,00012,840.00O
2019-10-23 15:35:04213.5022,74348,556.31UT
2019-10-23 15:29:56213.004493.72AT
2019-10-23 15:29:38214.5061130.85AT
2019-10-23 15:29:30214.50284609.18AT
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Central Asia Metals (CAML) Top Chat Posts

Central Asia Metals Daily Update: Central Asia Metals Plc is listed in the Mining sector of the London Stock Exchange with ticker CAML. The last closing price for Central Asia Metals was 213p.
Central Asia Metals Plc has a 4 week average price of 192.40p and a 12 week average price of 176.20p.
The 1 year high share price is 274p while the 1 year low share price is currently 176.20p.
There are currently 176,498,266 shares in issue and the average daily traded volume is 181,028 shares. The market capitalisation of Central Asia Metals Plc is £376,823,797.91.
shieldbug: Acquisition is possible. Caledonian could be about the right size, is probably undervalued, share price going nowhere, is profitable, has growth potential and would add gold to CAML's base metals. It is in a problematic jurisdiction and has a terrible recent safety record. Nick Clarke has some experience in that part of the world. Possibly the board think it would release value as part of a group. I wouldn't buy it as it is.
bob_rjp: I've been a holder here on and off since March 2018 and I have to say for pretty much the whole of that time the share price has done nothing but steadily deteriorate from 300+ to 180 today. Managed a brief recovery to about 260 in May 2019, but been going downhill fast since then. However with a likely recession coming I dont see the outlook for this, or any other mining or commodity stocks, to be other than pretty negative myself. Now just maybe the best strategy IS to accumulate at these lower levels and wait (and wait and wait) for the recovery. But personally I practice capital preservation with my investments and if something incurs a significant loss in total return terms and / or doesnt perform in a decent timescale then I believe that its time to cut your losses and move on. So personally I plan to sell all my commodity investments this week (CAML included) and invest elsewhere. (Not as significant as it may sound as I deliberately keep my holding sizes small to prevent significant losses on any one investment.) Now clearly there are many on the board with very long term views, significant holdings and enthusiasts for the company and good luck to you all. But I shall be watching from the sidelines.
pol123: If you overlay historic CU & CAML price we should be trading ~£2.30. Apart from being technically oversold. Looks like we have priced in a case for CU at ~$1.80 per lb. Did not look at lead / zinc correlation
morph7: Skep I really wouldn't worry about today's share price. Just think of it as a sale to buy more if you are that way inclined.Zinc and copper prices have taken a hit which is the reason for the downward pressure on the CAML price. Just be happy that you have stumbled across a company whose production costs are in the lowest quartile in the sector. Because of this, CAML can maintain dividends and look for further acquisitions whilst other companies are taking on debt and seeking assets-as highlighted in MT's post below.I have six figures invested here as do some other more frequent posters, and I sleep very well at night. Morph
kenmitch: Oohrogerpalmer Byuybacks do NOT always mean share price gains, and you’re right in that many Companies that buyback, subsequently and sometimes immediately, see their share prices go lower and sometimes much lower. A classic example is the banks ahead of the great banking crisis. The likes of RBS and Lloyds spent £billions buying back their shares and then either went bust or share fell over 90%! So you are right. Dividends are much better as investors actually get that money and can do what rthey like with it. But when supposedly rewarded with buybacks they get no cash at all, and if the share price goes down that supposed reward is in fact a loss. One reason why Companies buyback is because Director bonus pay is often based on eps, and buybacks do mean higher eps. So shareholders often lose with buybacks but Directors win! So I hope CAML do NOT waste money buying back their shares. Management seem shrewd, so hopefully won’t!
bogdan branislov: Don't get too hung up on the immediate CAML stock price response to higher metal prices, or the lack of it. Correlations between metal prices and share prices are not usually immediate. CAML's share price has moved nicely off its recent base and with full year share results just around the corner, the market will want to take a good look at those. Bear in mind that the share issuing from the reverse takeover tends to throw a bit of a shroud over the accounts immediately following the share issuing, part lifted by the half year figures but the market will want to see the first full year results produced after the reverse takeover and share issuing. I think that they are going to like what they see. Whilst Brexit has no direct impact upon CAML's operations, many of the UK's private investors are in cash now. As the risk of a hard or no-deal Brexit recedes these investors will be looking to return to the market. CAML has been highlighted by so many stock screens recently as being very high quality, very undervalued and I know that CAML is very much on the radar of several UK investors sitting on sizeable cash piles at the moment. Continued metal price increases, the full year results, decreasing Brexit concerns are all going to push up CAML's share price in time. Don't try too hard to find reasons if the share price response is not immediate following events, often there is no reason, you just have to be patient. Bogdan
kenmitch: True. And eps will be higher than it otherwise would have been. (Also good for Director bonus pay based on eps!) The mistake made by so many investors and commentators is thinking buybacks always mean a higher share price. They don't. e.g Apple example in previous post. Also if that was the case we would all win simply by buying in to Companies buying back their shares. There is a case for buybacks if the Company think the share price is too cheap but many companies buyback regardless of share price. e.g this year is a record year for buybacks in the US with as much as $1 trillion being spent on them. Note the last time buybacks were at record levels was just ahead of the massive markets crash in 2008. And again the buybacks have been with US markets and US share price valuations at very high levels. Too many investors and Companies never learn and so repeat mistakes. I'm very happy with CAML and really don't want to see them buying back their shares. Just hoping there's nothing worrying about them dropping out of Mello commitment at the last moment!
mount teide: Its easy for even long-term investors to sometimes fall into the trap of thinking and investing like a short term trader, since that's how the majority of the market now 'invests' and is largely responsible for the huge increase in equity and commodity market volatility over the past decade. CFD/Spreadbet Industry research tells us that more than 90% of short term traders lose money over the longer term. CAML share price research tells us that by employing a 15% trailing stop loss since first production in 2012 would have seen a CAML position stopped out on at least 15 occasions while, buying and holding would have seen 282% capital growth through to today, together with 120% of the original investment returned in dividends - a staggering performance when you consider that the majority of the returns were generated against the severe headwinds into 2016 of a brutal 6 year industrial metal market recession that brought most of the sector heavyweights to their knees. Market observation/research suggests thinking and 'investing' like a short term trader is highly likely to mirror their investment return performance and the huge mental stress that goes with the territory. The fact of the matter is that despite the price of copper falling circa 30% over the 6 years since CAML commenced production and, circa 50% by the 2016 recession low, anyone putting £100k into CAML in 2012 and then switching off their computer until today would have found by relying on the passage of time, CAML's very low cost business model, the commodity market cycle and the management skills of Nick Clarke and his team, they would have a big smile on their face because the investment would now be worth £403k, even without re-investing the dividends. By comparison, a similar investment in sector heavyweight Glencore in 2012 would now be worth £63k without re-investing the dividends. Its also worth putting into perspective the current period of copper market weakness - the first since the market bottomed following 6 years of price falls into Feb 2016: +73% - H1/2016 low - Q1/2018 -19% - Q1/2018 high - to today +40% - since H1/2016 low - to a price today that is still 70% below the inflation unadjusted peak of the last copper market cycle high. If like me, you strongly believe the strengthening copper market fundamentals and demand growth trend of 2%-4% annually over many decades, are highly likely to be the key factors to drive the copper price over the next 3-5 years of this new commodity market recovery stage - and 70 years of market data adds a lot of weight to this view - then history suggests that market weakness during the commodity market recovery stage should be given serious consideration as a potential opportunity to put new investment to work - as this has proved not only to be a winning strategy at CAML since the start of production(up 403% inc dividends) and from commencement of this latest commodity market cycle where it is up 76% to date(inc dividends) but, generally for commodity stocks during the much longer recovery phases of the previous three long term market cycles. Since markets are forward looking they will likely start pricing in the full impact of Grasberg's 2019/20 production cuts during Q4/2018 when the Trump/China trade war spat will probably be mostly in the rear view mirror, and the business media focus has moved on to the million barrel a day supply disruption to Iranian crude exports from US sanctions scheduled for implementation in early November. FWIW - Following an initial investment in near term copper producer/explorer Asia Mat in early 2016, I was underwater into early 2017. I used share price weakness to follow the Directors lead of taking ALL their fees in incentivised share options since 2015 to continue adding at prices up to 5 times my 2016 average price as the investment case strengthened. This is a strategy that served me well with investments in industrial metals, oil and the shipping sector during the 2000-2008 recovery stage of the previous shipping/commodity cycle. I refused to break a habit of an investment lifetime to short a quoted company during the 2008/10-2016 shipping /commodity cycle decline/death stage where prices fell heavily as new production/shipping overwhelmed the annual 2%-4% increase in demand. Considering that most quoted dry bulk and oil tanker ship owners like sector leader DryShips($7bn market cap in 2008) saw their market valuation drop by circa 99% between 2008 and 2016, that industrial metal heavyweights like Glencore lost 85% and saw its dividend suspended, and Royal Dutch Shell's valuation still dropped 50% despite maintaining its 7.5% dividend at the nadir - as in 1993-1999 the decline/death stages of shipping/commodity cycles once again proved a very reliable and rich vein to mine for those less principled to shorting like hedge funds that put a lot of money to work during 2010-2016 shorting shipping and commodity stocks. AIMHO/DYOR
kenmitch: bob. Mount Teide’s posts on CAML are superb and his investment methods are similar to mine. Constantly trading in and out of shares worked far less well for me (but good for my broker with regular dealing charges) than buying and holding, sometimes for many years, good quality shares. We’ll rarely time our buying exactly. I bought CAML a while ago at 176p and unless there is disappointing news am likely to continue to hold for years - or at least until general mining sector downturn .Mount Teide’s posts here explain why. The dividend at my buy price is 10% and this is another plus for long term hold ahead of trading. Dividends alone in time give big capital gains every year. All shares go up and down, and when newsflow is good dips are buying or top up opportunities. Current CAML share price dip could well prove to be a good entry price. There are quality shares I sold years ago when I used to trade more, that are now massively higher and some now pay an annual dividend higher than my share buy price! I.e in time these shares guarantee investment success. John Lee, the first ISA millionaire, has held some of his shares for ages, with some of his paying 100% or more (and still growing!)dividends every year. If I could live my investment life again I would do it his way, and forget trading, and except for small punts, speculation high risk sh*t or bust shares.
masurenguy: Good results and even better prospects going forward ! "2017 was a strong year for all of the base metals in CAML's portfolio, with the three metals averaging a price increase of 28%. Going forward into 2018, many industry commentators are expecting a challenging year for copper supply that could result in another positive 12 months for the copper price. In the zinc market, supply side challenges remain, while demand is expected to increase to over 15 million tonnes by 2019. The 2017 CAML share price closed at £3.06, which represents a 35% increase during the year, and reflected positive market sentiment following our Lynx Resources acquisition. We now move forward into 2018 as a larger and diversified base metals business, with low cost operations in two prospective jurisdictions. CAML has enjoyed an excellent 2017 and we look forward to continuing to build the Company's future in 2018." Nick Clarke, Chairman
Central Asia Metals share price data is direct from the London Stock Exchange
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