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Central Asia Share Chat (CAML)

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Mon 23:13Price: 237.00
Nickel_Investor2,300 posts
If you like cheap

Look at Regal Petroleum (RPT).

Added $7m cash in less than 3 months , no debt , $47m cash, record production levels. Production assets will go for decades. Currently only £130m but keeps going higher due to demand and growing cash
No Opinion
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Mon 09:15Price: 232.00
ericeric5,153 posts
Looking for aquisitions

Looking for acquisitions but so vulnerable to a bid themselves.
Strong Buy
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Mon 08:07Price: 232.50
ericeric5,153 posts
DOWNTREND BROKEN

Copper downtrend also broken
Strong Buy
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19 Sep '18Price: 225.00
zebbo904 posts
Interview with Nigel R

Core finance interview with Nigel Robinson CEO
https://www.youtube.com/watch?v=YtNUIAnmZPc
No Opinion
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19 Sep '18Price: 225.00
zebbo904 posts
RE: TWL & CHAR

Ooops apologies
No Opinion
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19 Sep '18Price: 223.00
ericeric5,153 posts
RE: TWL & CHAR

Wrong board ??
No Opinion
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19 Sep '18Price: 225.00
raxfactor83 posts
Positive summary

From Reuters

https://uk.reuters.com/article/caml-results/central-asia-metals-hunts-for-acquisitions-idUKL8N1W35IQ?rpc=401&
No Opinion
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19 Sep '18Price: 224.50
zebbo904 posts
RE: TWL & CHAR

Feels like this is now a binary bet on the current drill outcome
No Opinion
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19 Sep '18Price: 225.00
adv11524 posts
RE: Peel Hunt 350p target

My one wish for CAML is that they would switch to quarterly dividends. That would help stop the dividend hunters piling in and then selling out for six months.
No Opinion
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19 Sep '18Price: 227.00
ericeric5,153 posts
RE: Peel Hunt 350p target

Central Asia Metals | 350p target | BUY - V good dividend announcement showing strong signs of Confidence

Co. announced a solid set of results, with a 6.5p dividend announcement that equates to a 43% pay-out of FCF (a lower ratio but a higher pay-out given better FCF than expected) showing confidence from the management team. Historically, they have paid out a more generous final dividend than interim, and an H1 pay-out ratio of 42% does give the team space to increase dividends given the top of the policy band is 50% of FCF.

Unit cash costs at both Kounrad and SASA were slightly below our expectations but EBITDA was also marginally lower (US$64.6m vs US$65.4m) due to weaker realisations. EPS was disappointing but the driver of this was an exchange rate loss – something that could well reverse in H2 given currency movements of late.

The CAML shares have been disappointing this year, reflecting an overly pessimistic view of commodity markets, but operations remain good, and we feel that there is a good opportunity here. The interim dividend, if annualised, equates to a 6% yield and we would highlight that historically at least management has retained a much larger final dividend.

Presently, we see the shares trading at 4.4x 2018 EV/EBITDA and 3.9x 2019E, whereas at spot metals prices, our 2019 EV/EBITDA moves to 5.6x, and we still see management paying a 6.3% dividend yield and reducing net debt by over 20%. Our spot case valuation for the shares is still nearly 280p, something that offers nearly 30% upside to the present share price!

We are BUYERS of copper, as we hold the view that ongoing infrastructure spending around the world, plus China’s focus on reducing pollution will drive strong copper demand growth. Present weak prices are simply delaying possible supply responses, making higher prices in 2019 and 2020 more likely in our view.
Strong Buy
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