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Central Asia Metals - Shares pop over 270p

May 2021

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Central Asia Metals (CAML) reported EBITDA of almost US$96m for the year ended December on sales of US$170.3m (FY19: US$180.8m). Strong free cash flow of US$58.9m saw net debt fell from US$80.2m to US$36.2m. A pleasing 8p final dividend (ex-div: 29 April) was announced. At Kounrad, revenues rose from US$81.7m to US$87.7m, thanks to higher copper production of 13,855 tonnes and a 4% increase in the copper price to US$6,267 per tonne. EBITDA increased to US$65.5m, with a margin of 75% thanks to higher production, strong cost control (low cost of 51 cents / lb) and weaker local currency. At Sasa, revenue declined to US$82.7m due to higher treatment charges and lower zinc and lead prices, both declining 10% to US$ ...

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Luceco - Gain to date: 209%

Scapa - Revised bid at 215p voted through

Central Asia Metals (May 2024)

Central Asia Metals - Swings to net cash of US$59.2m (May 2023)

Central Asia Metals - Low cost producer sees copper prices hit 6-month high (February 2023)

Central Asia Metals - Net cash increases to US$39m (November 2022)

Central Asia Metals - Prospect of higher prices drives chart break-out (May 2022)

Central Asia Metals - Low cost copper producer on PE of 6.8 (March 2022)

Central Asia Metals - Eps to be ahead of expectations (February 2022)

Central Asia Metals - Net cash of US$150m forecast by FY 23 (November 2021)

Central Asia Metals (September 2021)

Central Asia Metals - Hedging 30% production (February 2021)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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