Central Asia Metals PLC Update research from QuotedData
25 April 2017 - 11:00PM
RNS Non-Regulatory
TIDMCAML
Central Asia Metals PLC
25 April 2017
Central Asia Metals PLC - Update research from QuotedData
25(th) April 2017
A consistent dividend payer with a high yield
Central Asia Metals (CAML) has increased its annual dividend by
24% year-on-year, to 15.5p per share, providing shareholders with a
6.6% yield. The company recorded its fifth consecutive year of
profits and has paid out dividends in excess of the funds it raised
in its 2010 initial public offering (IPO). CAML's main asset is its
Kounrad copper dump treatment operation, in Kazakhstan, which
produces copper through a solvent extraction - electrowinning
(SX-EW) plant.
CAML appears to have a long and stable future production profile
and, if this continues, as one of the lowest-cost copper producers
in the industry, it should continue to deliver a high dividend
yield for many years. It currently outperforms its peer group of
copper producers on most value metrics and has a better EBITDA
margin and dividend yield than some of the more prominent
London-listed copper producers. Although ex-production growth, CAML
says that it is looking prudently at opportunities to grow its
output. The company had cash of US$40 million at the end of 2016
and is debt-free.
Full research:
http://quoteddata.com/2017/04/central-asia-metals-consistent-dividend-payer-high-yield/
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