Share Name Share Symbol Market Type Share ISIN Share Description
Central Asia Metals LSE:CAML London Ordinary Share GB00B67KBV28 ORD USD0.01
  Price Change % Change Share Price Shares Traded Last Trade
  -11.50p -3.41% 326.00p 279,646 16:35:07
Bid Price Offer Price High Price Low Price Open Price
326.50p 327.50p 336.00p 325.00p 336.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 54.0 26.6 19.1 19.4 575.38

Central Asia Metals (CAML) Latest News

More Central Asia Metals News
Central Asia Metals Takeover Rumours

Central Asia Metals (CAML) Share Charts

1 Year Central Asia Metals Chart

1 Year Central Asia Metals Chart

1 Month Central Asia Metals Chart

1 Month Central Asia Metals Chart

Intraday Central Asia Metals Chart

Intraday Central Asia Metals Chart

Central Asia Metals (CAML) Discussions and Chat

Central Asia Metals Forums and Chat

Date Time Title Posts
19/3/201814:40Welcome to Central Asia Metals1,482
30/9/201010:25Kazak Copper with Mongolian Twist1

Add a New Thread

Central Asia Metals (CAML) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-03-19 16:53:13333.755001,668.75O
2018-03-19 16:51:57332.673,50011,643.50O
2018-03-19 16:36:33326.001,0003,260.00O
2018-03-19 16:35:07326.008,12326,480.98UT
2018-03-19 16:29:50326.5090293.85AT
View all Central Asia Metals trades in real-time

Central Asia Metals (CAML) Top Chat Posts

Central Asia Metals Daily Update: Central Asia Metals is listed in the Mining sector of the London Stock Exchange with ticker CAML. The last closing price for Central Asia Metals was 337.50p.
Central Asia Metals has a 4 week average price of 284.50p and a 12 week average price of 280.50p.
The 1 year high share price is 345.50p while the 1 year low share price is currently 203p.
There are currently 176,498,266 shares in issue and the average daily traded volume is 450,156 shares. The market capitalisation of Central Asia Metals is £575,384,347.16.
mount teide: Rising base metal prices propel Glencore's pre-tax profits to $6.9bn in 2017 from a loss in 2016. Debt fell by a third as, like many major producers in the industry, it continues to focus like a laser on lowering borrowings and rewarding shareholders faith with large dividend payments. Glencore rewards investors with £2bn in dividends after ‘strongest’ year hTTp:// Mining group and commodity trader Glencore has hailed its “strongest” year on record and announced it would pay shareholders $2.9bn (£2.07bn) in dividends. The company will pay out $0.20 a share in two equal payments in 2018. It came as it reported that pre-tax profits in 2017 surged to $6.9bn from a loss of $549m the year before. Revenue jumped 25pc to $205bn on the back of higher prices for its key products, such as copper, coal, zinc and cobalt. Glencore’s earnings before interest, tax, depreciation and amortisation – a figure closely watched by the City – jumped 44pc to $14.7bn. It was helped by a strong performance in its “marketing” arm, which ships commodities around the globe. Earnings in this division hit $3bn, ahead of guidance, its best performance since 2008. The miner’s debt pile fell by almost a third in 2017 to $10.67bn, the bottom end of its guidance, as it stuck religiously to a commitment to lower its borrowings. Net debt had stood as high as $37bn in 2014 after its merger with Xstrata, and threatened to collapse on top of it in 2015, when investors took fright at Glencore’s balance sheet and the share price plunged. Ivan Glasenberg, the FTSE 100 giant’s billionaire chief executive and second largest shareholder, said that higher commodity prices and a tight control on costs had “enhanced mining margins”. “We look to the future with confidence. We believe our unrivalled positioning in ‘Tier 1’ commodities and ‘Tier 1’ assets will continue to create compelling value for all stakeholders,” he said. Glencore is one of the world’s biggest producers of copper and cobalt, both of which are expected to be in high demand for electric vehicle bodies and batteries.
mount teide: Copper, iron ore price jump sparks rally in mining stocks - hTTp:// 'Mining and metals investors were piling into the sector's big names on Wednesday as gold jumped, base metals prices surged and iron ore continued to rally on optimism about global demand for raw materials......... .....Obituaries were being written for Anglo American two years ago before the 100-year old company went on radical restructuring drive. Since then the world's fourth largest diversified miner has surged 500%' Top listed copper producer Freeport-McMoRan jumped 7.4% and with Vale was among the NYSE's top 10 most actively traded stocks on Tuesday. The Phoenix-based company announced last week that it's reinstating a cash dividend for shareholders suspended in December 2015.' So well managed is CAML that during an 8 year recession in which Copper sector titans Freeport and Glencore were delivering share-price decimation, dividend suspension and dilution to their shareholders, the CAML management were busy increasing their industry leading dividend to circa 6% and paying back to shareholders in dividends and share buybacks more than £100m - £40m MORE than the £60m the company raised at the 2010 IPO.
bogdan branislov: IC Comment today: Always a good source of ideas to look through in detail the bargain shares portfolio. U and I Group is a good inclusion. U and I Group is certainly one of the top two non-speculative buys available in terms of potential upside. The other one was not included, the mighty Central Asia Metals. A main market listing is being considered for later this year, CAML is currently in AIM, the share price is about at the point where CAML would go straight into the FTSE 250. I can see why technical analysis would make Simon more comfortable with U and I than CAML. U and I is currently enjoying a near 2 year price break out as well as the shareholdings being dominated by large institutional holdings, who have significantly replaced impatient retail investors over the past 18 months. Whereas CAML has risen in price significantly already. As Peter Lynch pointed out though, sometimes the stock that has already risen in price is also the one to buy. CAML was highly profitable and a very large dividend payer even during the metal price slump of recent years. Such is CAML's still highly attractive valuation and low operating costs, that there is considerable downside protection even if metal prices slump. But warehouse stocks are at long term lows, production investment has slumped in recent years, with little additional capacity coming on stream. On the demand side, it could not be more bullish. CAML looks to be heading for a 2018 PE in the mid single figures. There is a lot of expert comment of the main BB and listen to the IC podcast with CAML's CEO - tell me why I am wrong here. Doug
mount teide: BB - Some thoughts; The mining sector is in the early stage of recovery after a long and brutal recession that brought many heavily indebted sector heavyweights like Glencore and Anglo American to their knees. Yet, unlike previous mining sector recessions some industrial metals like Zinc and Copper are already in deficit with warehouse stocks at or close to decade lows due to mine closures, bankruptcies, smart use of shut-ins and a near 70% drop since 2013 in capital expenditure developing new production. Exploration has dropped by nearly 90% over the last half decade. Add into the mix global GDP forecasts recently getting uplifted by the IMF to nearly 4% for 2018 and 2019, together with the US announcing a record programme of tax cuts and the announcement yesterday to open the capital expenditure floodgates on an unprecedented scale to rebuild their crumbling infrastructure. Add in the rapidly growing demand for industrial metals from the electric car and renewable energy sectors and India with a population almost identical to China (1.4 billion) commencing a huge countrywide infrastructure modernisation programme. Collectively, that lot is the perfect storm brewing for many years of strong demand. CAML is incredibly well placed as a low cost operator to do extremely well over the next 3-5 years - the II's would be fools(fortunately, most are not) to give this huge potential away for an offer equivalent to just 3-4 years dividends because that's all 30% on the current share-price actually equates to. Consider a very plausible scenario where Copper, Zinc and Lead pricing continued to strengthen due to the unprecedented current fundamentals and averaged a further 10% above current pricing in 2019 at: $3.50/lb Copper $1.80/lb Zinc $1.35/lb Lead At current production levels this would generate EBITDA of over $200m - equivalent to EPS north of 60p. Such a scenario could very comfortably support a share price of 600p and chunky 4%(25p) dividend. I would think any offer today would need to be in the region of 450p-500p as a minimum to be taken seriously. The previous owners of SASA made 100% profit in just over a year of ownership - and the price CAML paid is already starting to look a bargain since it was based largely on the 2016 accounts - Zinc and Lead pricing has gone up over 150% and 50% respectively following the recession lows in 2016. AIMHO/DYOR
bogdan branislov: MT - thanks again for that. What is your view on a take over happening? Not so much whether CAML is a likely target, because at this price it probably is, but more whether you think a takeover will be a good thing for its shareholders. I ask this because two of my previous holdings that were taken over, Kentz (c2014) and Ithaca Energy (2017), although very profitable holdings for me over the long term, were taken over at relatively disappointing premiums to the share price at the point of the bid. The niggle with both was that these companies were taken out at prices which to me were still only priced around half a fair value of their forward earnings. If CAML were to be taken over now, whilst a fair value could easily be twice the current price level, we as shareholders may only realise a 30% premium on the current stock price in the event of takeover, nice to have, but CAML is worth far more. The other side of the coin of course is that a company seen as a likely takeover target, based on valuation, tends to go up in price very rapidly. What are your thoughts on how investors would fare in the event of a bid, do you think an assumed 30% premium above the current share price, if the bid came shortly, is too pessimistic. Bogdan
mount teide: As with dull, boring but high performing Clarksons CKN (average 1 post a week over the last decade while the share price has gone from £0.90 in 2000 to £30.50 today) it is surprising to see the low level of PI interest in CAML at this stage of the commodities cycle, particularly considering the performance during the brutal 5 year commodity sector recession that took metal prices and FTSE mining heavyweights share-prices down to decade lows.
mount teide: Bacanora and Horizonte With a special mention for Asia Met ('no need to repeat the ARS story as I have now been pushing this for about 5 years but it could just keep going' - Andrew Monk) - I agree and hold. After outstanding operational and value enhancing progress under the new management who have taken their entire fees since 2015 as share options, the share price is already up 10 fold from the 2015/16 mining sector low and IMO has the potential to go up another 10 fold by 2022 such is the exceptional world class quality of the assets and management, who have done it all before building two $billion mining companies from tiny juniors). A 2.15 % CAML short position(with nothing of notifiable size) was generated in October following the announcement of the RTO and placing at 230p. Prior to this the total stock out on loan in September was 0.39%. I estimate the average price of the short position as circa 240p. The short position marginally increased in November to 2.35%. In light of the 40% increase in the share-price since the RTO placing at 230p, and the move from 252p to 322p since early December, it was not surprising that some during December elected to throw in the towel and make a run for the exit door. The December report saw the short position drop by 700,000 shares to 1.84% from 2.35%. This means there is still 3.23 million shares out on loan(short), most of which will be heavily underwater (circa 35%) in a company where the price and demand for its production assets continues to be in a strongly rising trend - a sobering thought for the shorts, which will be compounded further by the news that a very strong Q4 Trading and Year End update is imminent and, that the stock out on loan is still probably equivalent to the total transaction volume of at least 7 trading days. AIMHO/DYOR
mount teide: Why I'm happy with the Central Asia Metals acquisition hTTps:// If I’m being completely honest then I have to admit that I was somewhat annoyed when an RNS from Central Asia Metals (CAML) initially landed to say that trading in the shares had been temporarily suspended pending the acquisition of a large asset. That annoyance though was largely driven by a shorter term view, as shares in the company had been doing very well and the price was increasing steadily in the run up to the financial results, which were expected to be good and with yet another high yielding dividend to be paid. Alongside that copper was flying and had just topped the $3.10/lb level. My main worry was that not only would momentum be lost – I think the share price could well have tested the 300p area, given that it was trading at around 254p just prior to suspension – but also that the market might not like the acquisition, and given that it was going to be large enough to constitute a reverse takeover, it needed to be well received if the company was going to continue to do as well as it has been in recent years. Part of that worry also related to the fact that the board had always been very careful in the past – having returned far more via dividends than the initial IPO, a real rarity amongst AIM resource stocks – and had managed to build up a tidy sum of cash in the bank and with no debt, which could all be about to change, given the sort of amounts that it would need to be paying for an asset in order to trigger a reverse takeover. This week all was finally revealed, including details of the acquisition and how it was going to be financed, and as feared thus far the market hasn’t exactly warmed to the deal, with the share price having drifted back 10% or so to the current level of around 230p. But having taken a bit of time to consider all of the info, I am still happy to be holding shares here for the longer term – albeit I’d have preferred it if the price hadn’t dropped back – and given that the £137 million in equity financing for the deal was raised at 230p, and the way the market tends to work these days, the current share price level probably shouldn’t come as any sort of surprise. The company has just announced an interim dividend of 6.5p – payable on October 27 – which compares favourably to the 5.5p one which it paid the previous year, and taking that into account (the new shares don’t qualify for the dividend), the placing was carried out at a 7.8% discount to the share price prior to that. Central Asia is to acquire zinc and lead miner Lynx Resources for $402.5 million from owners Orion Co-investments and Fusion Capital, with that sum being made up of $153.5 million from the placing; $120 million senior debt facility at 4.75% plus LIBOR; $67 million in existing Lynx debt facility at 5% plus LIBOR; $50 million worth of shares to Orion via an equity subscription. Lynx Resources operates the SASA mine in Macedonia, and during 2016 produced over 22,500 tonnes of zinc and nearly 29,000 of lead, which was broadly in line with production figures over the past eight years or so, and with a mine life expectancy up until 2032, there is plenty more to come along with the potential to extend that. The mine is among the lower cost producers, at $0.39/lb for zinc and $0.29/lb for lead, and with zinc currently around $1.4/lb and lead at $1.12/lb, both have been performing quite strongly of late. Looking at the financials for Lynx, it generated revenue of $66.7 million for 2016, resulting in an operating profit of $33 million and a net profit of $26.1 million, so I suspect that Central Asia has paid close to the going market price for the acquisition. It is always hard to predict what commodity prices are going to do in the future, but the signs are quite bullish at the moment for both metals, with increased demand, especially in countries such as China, the US and India, and that would of course benefit the company. This has also made the company into one of the few diversified producers listed on the AIM market – although I would expect a main market listing moving forwards – and I believe that it has also reduced some of the risk which was associated with the company previously. Whilst there haven’t been any problems for it at its Kounrad copper operation in Kazakhstan, in these sort of countries you never quite know when things can change, especially when it comes to mining rights and laws, so some geographical diversity is a good thing I think. It has also previously been totally reliant on copper and specifically Kounrad – although the other recent acquisition at Shuak has plenty of potential – and this acquisition at least allows it to diversify the risk to other metals as well. It is still very early days and it remains to be seen how well the new business is integrated into the current one – assuming of course that the acquisition is approved at the EGM on October 11 – but given the way that the management has been running the business, I would expect it to do well longer term. The latest set of financials for the company, the interims up to June 30 2017, had been strong, with higher levels of production, EBITDA up 41% on the same period in 2016 at $24 million, and a net profit of a little over $15 million, plus cash in the bank having grown to $41.7 million. Should we see the share price dip any lower then I will be very tempted to add more, as not only is there plenty of potential for growth, but I would still expect a decent dividend to be paid, as per the policy of the management thus far when it comes to returning some of the profits to investors.
bushranger: Of couse CAML will think the deal is good but that will not mean a higher share price. It could be the opposite. Yes the desl could not go through via colapse or voting down. So months of suspension of share price with what outcome at the end?
bushranger: No. It could be CAML buying a distresed larger company. Like the SAVP RTO. Though unless the deal turns out to be value adding, by a good margin, PIs are losers. We had a rising share price on increasing copper price and soon to issue results that could have boisted this substantially. Instead we are suspended for perhaps many months with s final deal that could put the share price lower.
Central Asia Metals share price data is direct from the London Stock Exchange
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:32 V: D:20180320 00:06:31