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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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Central Asia Metals - Shares pop over 270p

May 2021

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