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Looking at RIO and BHP competitors charts - KAP has a nice & steady growth. It kept going up nicely despite a sudden drop in the Uranium price. It's been picking up in the past few days though. I wonder how far this share price will go. I also wonder how is the cooperation with China is going on. Anyone has news on that?
Thank you AnotherInvestor
Btw, there was no tax in Kazakhstan just a 25 USD fee
0,924619 USD per share pre tax
Hi AnotherInvestor, I have read their accounts for last year and prediction for this year. Their dividends calculation formula seems obvious, but I am still in the dark how much to expect. Would you be able to share please how much they paid last year per share? Thanks!
You will find information on KAP‘s homepage incl. their dividend policy. You may do a forecast based on earnings & debt as far as already known for 2020. Expect final decision only at their annual meeting in May, full year results come on 30th April (last quarter results, however, already on 16th March). I would guess the dividend to be similar to last year but haven’t done any calculations.
AnotherInvestor - I've just invested in KAP as it is looking promising. However I am not able to find anywhere anything about dividends paid in the past. Would you share please some info on what we could expect at the end of March 2021?
BHP & RIO are way much smaller companies, but with better PR and ridiculous prices per share. Yet this gigant sits unnoticed. The biggest uranium production in the world that is seriously profitable, and now also China as a partner. With Global Warming being a next hot topic after 2019/2020 and a current trend to move away from combustable fuels, uranium has a chance to be a new golden commodity (although I would not keep it under my bed ;-)
I wonder how this share managed to stay out in the shadow. Would that be a lack of publicity? Definitely on my radar now :-)
Don’t think you missed the boat. This one is rather slow, gained 50% while share prices of other uranium miners multiplied. All on hope that uranium prices will rise substantially. Should that ever materialize, KAP will remain a laggard. Key advantage is that they are profitable already at current uranium price (and even much slower ones) and pay decent dividends. Hence I see much less downside risk for this one as compared to any of your other uranium investments.
Just picked up on this after reading an article at Alpha returns. Have I missed the boat, how far might this fly? I also hold CCJ, YCA and UUUU with HL pension.
Maybe less the USD pricing but Kazakhstan considered too risky, majority still state-owned, not listed in US. However agree this is a nice opportunity, my favorite among all the uranium stocks. Rather accept the Kazakhstan/state-owned risk than being overvalued like most other companies (unprofitable now their share price gains may be higher if Uranium prices really shoot up one day but will finally crash if that doesn’t happen or will be short lived).
Am surprised this is not on more people’s radar, the pricing in USD probably puts some off, but this is the world’s leading uranium producer by a mile and they are just breaking out to multiyear highs, am holding this one for quite a while yet..
Here is the link to our transcript from our recent Kazatomprom interview https://cruxinvestor.com/opinions/kazatomprom-kap-perceptions-misconceptions-and-price-discovery-transcript/
"We occupy the whole front end of the fuel cycle. We are the largest producer in the world. We have the largest reserves in the world. And just to put it in perspective, Kazakhstan produces 40% of the world’s primary Uranium production. KazAtomProm is about 24% and then the rest is attributable to our joint venture partners. We are also one of the lowest in terms of our environmental footprint, because of the way that we mine. All of our deposits are ISR amenable – which we will come on to I’m sure, in a few minutes, but it means that we have the smallest environmental footprint relative to our production size."
Hi guys, here is our interview with Kazatomprom Chief Commercial Officer Riaz Rizvi. Watch here: https://www.youtube.com/watch?v=__iS59SCtcw
Rizvi spends time talking about perception in the market and how they wish to be perceived and adversarial narrative in the market between US commentators and Russia and its nuclear and uranium partners.
We also discuss production issues and playing catch up, whilst dealing with the growing concerns of COVID-19 within Kazakhstan. Why have they managed to maintain guidance even with the extension to the lockdown period and when will they have to dip into the market? We discuss partners, partnerships, dividends, target prices, term-contract market, and the supply-demand picture in the market.
Let us know your thoughts on the interview!