focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
From a TA perspective it seems like we have bottomed out yesterday. I topped up this morning and expect us to be soon above 200 again. Way oversold.
And if it doesn't bounce I'll be accumulating at these silly prices, I am not worried.
Ramping .lol .,as opposite to your obvious game of continually posting negativity ..ie deramping
I agree and did you see the gov has refused to only tie up with Russia and Belarus. Strong buy here just a question of falling knife and when? Bought some other day, now holding as they are pretty much lowest cost producer
I'm afraid to say, I will have to add if we drop today. These are rare opportunities indeed, you cannot beat contrarian trades :-)
Lets not forget we produce copper @ $1300 per ton. Copper currently at ~$8000. Food for thought
Absolutely 24 onwards, I think we have a big dip at some point first
The negative sentiment here is surprising. Lowest cost producer, fantastic dividend, cash pile growing, growth through acquisitions. With war, debt and growth narratives being parroted in the mainstream the market is fearful of a black swan. Fantastic time to buy quality companies for a come back in 2024 as economies rebound.
When you turn off the global economy and inflate like there's no tomorrow for years, it takes more than a couple of years to get the motor restarted as you purge the system of excess liquidity.
Would not be surprised to see markets and caml specifically returning to ATH in 24.
The all time high share price for CAML came on the perceived potential of the SASA deal. Finding another Kounrad was never going to happen, but although it diversified the portfolio, the acquisition of SASA has been a disappointment.
Looking forward longer term, we have a very bright future. Problem is most traders struggle to see beyond the next month or so. When i say ~£2.30 that is against todays prices. I too expect the SP to be a lot highter.
Short term headwind is the US dollar and China performance. Dollar should start to unwind a little once the US debt ceiling is resolved. China growth will only slow so much before authorities look to stimulus
Money is leaving the market due the potential US debt default on June 1st. When republicans and democrats agree to raise the debt ceiling then the uncertainty in the market should be eased. Copper and Zinc inventories are low and China is opening up, things will start moving again soon.
"Look at CU / Zinc prices 5yrs out Vs CAML SP."
Personally, I find that copper/zinc price forecasts are lousy, even 1m out, let alone 5y... IF they're good, I can see CAML much higher than £2.30, but who knows!
Look at CU / Zinc prices 5yrs out Vs CAML SP. That will give you a broad indication of where the SP should be, ie ~£2.30 (and now we are dept free). Not rocket science
If copper drops they’ll buy something else for far less. Can’t have it both ways, cheaper and less demand creates buying op. We have one of the lowest cost producers in the business so I’m holding
Interesting all bulls been out copper wise wild predictions on this EV green energy, but demands not there world slow down, who knows, personally Neen ride this slow down out, I'm sure in time copper will take off as green energy demand comes but 4 now not looking good, lot uncertainty in world at moment, be carefull
Zinc 52 week low,
Cash pile be used 4 acquisition no real dilution
Lot good money been pulled out of this, 4see world slow down, just not demand there, unless China US stimulas plan, things can change quick but 4 now most commodities plunging along with many mining company's,
Thanks Dartron. Yes, learned the hard way the difference between having the shares showing in my account and being registered. Was aware of the meaning of ex-div, but not the time delay in the system.
Highland Mat, Shares normally take T+2 days to settle, until you are recorded on the title. (Trade date plus 2). So you need to own shares prior to the ex dividend date, (usually a Wednesday), so that in 2 days time (usually a Friday) you are the record holder to receive the dividend on the record date. Buying them on the Wednesday means that you are on the title from the next Monday (T+2).
Easy way to remember: Ex girlfriend, you have no girlfriend. Ex dividend you have no dividend.
My situation is different because they are saying it’s due but they got it themselves late last night so it’s not in the account yet. I’ve passed on my account details so they can speed it along
Just had a look at the CAML investor home page. For years the company said their costs were in the lowest quartile of the industry. Now they are saying in the lowest half, that's quite a change. With zinc at $2362 a tonne today, compared to $3776 on 24.05.22, margins at SASA have been slashed.
I have a similar issue. Topped up on 27th, not received the dividend for those shares. IWeb states that you must hold the shares at start of business on 27th. I am assuming it takes time to register shares with the company.
Both copper zinc on downward trend due too slowing world economy demand, directors buying at these level, could bottom b in, lot depend on future commodity prices
Would you complain to your broker if it’s not shown in your account today? I’m assuming it’ll likely come tomorrow but I will call in the morning anyway.
I bought Caml shares at 08:31 on the 27th April via Halifax account.
If all the shares are registered to someone, the person I bought them from has to have been registered as the shareholder on the 28th, how can that be when I am the new registered owner at the start of the following day on the 28th, therefore final dividend as per the RNS is payable to shareholders registered on the 28th April and that’s me, not someone who sold on 27th, how are they still the registered owners the following day after they sold.
Isdeer, If you got them later on in the day, then it was about the same benefit to having bought them the day before. In other words, the day before you would have received a 10p dividend, but on the day you bough them, they were probably 10p cheaper. So exactly the same given where we are today. You still own the same amount of stock, and have still laid out the same capital.
An ex-dividend date is the day on which a stock trades without the benefit of the next scheduled dividend payment. Instead, the dividend is paid to the previous owner. The ex-dividend date is the day before the trade's record date.
The record date finalizes the transfer of the stock's ownership. The new buyer is now the owner of record and is entitled to any dividends. The record date is set by the board of directors of a company and refers to the date by which investors must be on the company's books in order to receive a stock's dividend. An ex-dividend date is set by stock exchange rules.
https://www.investopedia.com/ask/answers/042915/what-difference-between-record-date-and-exdividend-date.asp