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Central Asia Metals - Prospect of higher prices drives chart break-out

May 2022

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.

It seems surreal that the shares had been range bound for so long given soaring copper and zinc prices. However, final results, which were ahead of forecasts, led to the long awaited break-out. Revenues were up 39% to US$223m and EBITDA 8% to US$152m. With finance costs falling 42% to US$3.9m, net profit jumped 93% to US$84.2m for eps of 41.2p.The performance would have been better but for CAML hedging 30% production.In spite of US$14.7m capex (+73%) CAML repaid US$49m debt and ended the year with net cash of US$23m.At the Kounrad dump leach copper facility in Kazakhstan, production was flat at 14,041 tonnes but revenues rose 51% to US$132m with EBITDA up 62% to US$106m thanks to soaring copper prices. In spite of cash cost ...

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Energean - Shares hit new high of 1279p

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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 - 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 - Shares pop over 270p (May 2021)

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

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