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Started: Candid, 1 Sep 2023 18:34
Last post: ID78, 15 Sep 2023 14:06
Candid - thanks for getting back to me, much appreciated.
Uranium certainly on the move, and hopefully has some legs to go so it’s between KAP and yellowcake for me to get some exposure.
Thanks again and all the best
ID78, yes not everyone offers this, although it’s listed in London it’s classed as an ‘international share’ and traded in US dollars. I use Interactive Investor platform, they are good for international shares. Maybe call up HL as they might do it over the phone.
An *account* with H&L … flippin phone
Candid, how do you buy this? I have an accountant with Hargreaves Lansdown- I can’t see this as an option with them.
Thanks in advance
Added more today
Started: Westy54, 16 Apr 2023 07:16
Last post: Westy54, 16 Apr 2023 09:23
Sorry, was being lazy, according to their website between 26th April and 2nd May
Anybody know when this should be please?
Started: nickphil, 11 Apr 2023 11:22
Last post: JohnGoldstein, 11 Apr 2023 15:56
I was wondering the same thing myself. It will be interesting to see what they’ve got planned and to see what happens here.
How should we interpret the following statement :
"Agenda of the general meeting of shareholders:
...
5. "On concluding a major transaction, as a result of which NAC Kazatomprom JSC acquires or alienates (may acquire or alienate) property, the value of which is more than fifty percent of the total book value of assets of NAC Kazatomprom JSC at the date of making decision on the transaction, as a result of which more than fifty percent of the total book value of its assets is acquired or alienated (may be acquired or alienated), including a Long-term contract for the purchase and sale of natural uranium concentrates and other transactions for the purchase and sale of natural uranium concentrates with CNNC Overseas Limited"
Are they trying to tell us they are negotiating something big with CNNC Overseas Limited?
They have room to increase the dividend significantly IMO. Why do they choose to preserve a high cash position?
Started: nickphil, 7 Apr 2023 19:43
Last post: nickphil, 7 Apr 2023 19:43
Kazakh national atomic company Kazatomprom announced the completion of the shipment of uranium via the Caspian Sea to Romania. The uranium will be used by Nuclearelectrica to start production at its CNU Feldioara processing plant, which the Romanian company has said is now ready to begin operations.
Kazatomprom said it won an open tender for the supply of natural uranium oxide "for the needs of Romania's nuclear power industry" in December 2022 and has delivered the material in accordance with the terms of that contract.
Started: nickphil, 9 Jan 2023 07:25
Last post: Westy54, 5 Apr 2023 18:00
Yes nick, I am also a POLY holder as well as STCM, I sold some STCM to hedge with KAP on the divis, so time will tell as to whether that was a good move, fingers crossed.
There will be recommendation for AGM during this Month (April). This is from the recent conference call.
Yes, there is potential for substantial increase in divi.
Taking into consideration the production increase after 2023, we don't need higher uranium price for descent divi.
Nice to own in Kazak along with POLY.
When do KAP announce their dividends? I have ex div and payment dates in July but when do they tend to announce? Looking at financials from last year I would imagine a considerable rise in Divi this year anybody got any thoughts?
Tumbleweeds rolling by...
Surprised so little interest in KAP, will top up any dips while hoping war ends soon.
although huge sales today, so the price may drop again.
Started: m0nty, 18 Jul 2022 19:33
Last post: m0nty, 18 Jul 2022 19:33
KAP’s share price relative to other large uranium producers might now improve, if Kazakhstan can continue to show that it will remain distanced from Russia’s war.
https://www.geopoliticalmonitor.com/kazakhstan-pivots-from-russia-amid-ukraine-war/
Started: JohnGoldstein, 31 Mar 2022 11:43
Last post: m0nty, 16 May 2022 18:05
I’m watching to see whether the Kazakh government can continue to resist openly supporting Russia’s aggressions. My strong suspicion is that it’ll fold. In which case KAP share price is heading for another big drop, as it then faces the very real prospect of global sanctions.
https://euobserver.com/ukraine
13. MAY, 15:19
Valdimir Putin's equivalent to Nato — the Collective Security Treaty Organization of Russia, Kazakhstan, Kyrgyz Republic, Armenia, Tajikistan, and Belarus — is convening in Moscow next week to give cover that Russia is not alone in its war against Ukraine.
For now, Kazakhstan is managing to walk the line of neutrality. But my sense is that if the Kremlin decide they want the Kazakh government to come down off the fence and clearly demonstrate their loyalty, Kazakh won’t fight it, they will cave. And I f that happens, the West will put Kazakhstan in the same bucket as Belarus, meaning heavy duty sanctions. The Kazakh government know this of course, but they also know that there’s no way that the West will come Kazakh’s aid if they decide to make a stand and resist Russia. Plus the Kazakh economy is tightly tied to Russia’s, so the government may reason that extra sanctions pointed at them won’t make much difference. So in the round kowtowing to the great beast on their northern border may be viewed as the lesser of two evils.
If Kazakh do indeed succumb, and voice their unequivocal support for Russia…. Kazatomprom’s share price will end up in the toilet.
I think there’s another dimension to this, apart from reliance on Russian banks. The Kazakh government have been careful not to condone the invasion but will this be enough? Moscow have huge leverage over Kazakhstan and I can foresee Russian interference ramping up that will require them to demonstrate nothing less than absolute loyalty. Once the Kazakh government announce their full throated support for Russia, as they inevitably will have to - what then for Kazatomprom…?
I think the writing is on the wall.
This is down because of uncertainty of KAP’s dependence on Ruski banks and on it’s significant use of uranium enrichment in Russia.
The sooner they cut ties with the lying, deceitful, untrustworthy and murderous Russian regime the better. Until then they are not investable in my opinion.
It baffles me how criminally undervalued Kazatomprom is. With the imminent shift into a nuclear frenzy, you would think the lowest cost, highest grade, biggest margin, leading producing uranium company with the biggest reserves and exploration upside would be trading at least 50% higher than here. Definitely a good accumulation zone if you have the spare cash to put in.
“There’s Kazatomprom and then there’s everybody else.”
Oh, and they pay a dividend whilst you wait.
Nice finances for FY2021 despite all things happening around - healthy profit, but no mentioning of the dividends. Unless I misread the RNS. Anyone any idea?
Started: Splice, 9 Jan 2022 21:25
Last post: m0nty, 9 Jan 2022 23:34
If that’s true, then all bets are off……
https://news.obozrevatel.com/abroad/tokaev-sdal-kazahstan-rossii-kak-otreagiruyut-kazahskie-klanyi/amp.htm
The article claims:
"At the moment, the CSTO “peacekeepers” in Kazakhstan control:
98th Airborne Division of the Russian Federation:
Nur-Sultan airport
General Staff building
Telecentre
45th Brigade of the RF Airborne Forces:
Almaty airport
Air Defense Headquarters
Nur-Sultan
31 brigade of the RF Airborne Forces:
Ust-Kamenogorsk
Kazatomprom
TsSN Senezh
Presidential Palace Nur-Sultan"
Started: Candid, 5 Jan 2022 14:08
Last post: appleby, 6 Jan 2022 13:26
Buy when others are fearful springs to mind , just cant remember who told me it, think it may have been that chap buying Alibaba shares
Just put a moderate sized buy order in , A J Bell could not fill it, phoned them and still could not fill it .
KAP almost exclusively sells uranium on long term contracts. And KAP was seen as well placed to provide stability of production that buyers needed to facilitate this. But how many new buyers will be willing to select Kazatomprom for a long term contract now??
I’ve just sold my entire holdings in KAP. Was more than 10% of my portfolio because I did have v high conviction. But I now think this is going to get way worse before it gets better. Kazakhstan electricity is down, internet is down, workers can’t go to work, the government has stepped down after god know how many years in uncontested power. Jeez, when the Russian troops come in to calm things down, you know this won’t end well!!
Surely this is a buying opportunity today, Kazakhstan may see temporary political upheaval but KAP will continue to produce and sell uranium.
The political uncertainty will cause the uranium price to rise as buyers will seek to secure supply. (42% of global production!)
KAP is a very strong business with the strongest economy behind his back (China), the largest deposit of high quality uranium ore in the world and now moving into uranium pellets production and using uranium as an investment commodity. And it is still priced competitively in comparison to BHP or RIO. It's bound to bloom sooner or later. Very good investment imo, but do your own research
and off we go
must be getting close to cheap entry here....
even dividend yield is looking reasonably attractive
Here’s the link…
https://youtu.be/wrevWi3rxPk
Interesting interview with Rick Rule. Always known for his bullish views on Uranium, but here in this 50 minute interview he picks out just one mining stock; Kazatomprom.
Also worth noting that, around a year ago, he once singled out KAP as his absolute top investment pick.
II does it through phone
Just come across this share and interested but seems Halifax does not deal in it. Suggestions please.
Started: GosiaS, 12 Nov 2021 08:52
Last post: GosiaS, 12 Nov 2021 08:52
With limited production and China tapping big time into this source, there will be a fraction left for others to pick up. And once production of pellets is up and running, whatever is mined and not shipped to China will be diverted to this production. Good for KAP and China, bad for the rest of the world. The price of uranium is bound to soar, especially if more CO2 and other "green" restrictions are introduced in a near future
Started: GosiaS, 18 Oct 2021 13:35
Last post: GosiaS, 18 Oct 2021 13:35
KAP is moving from strength to strength after recognising that having the biggest source of uranium or being the biggest producer (in terms of volume) in the world is not what this game is about. It's finally capitalising on the goods they have in a very long term. Bravo! Great BOD, great thinking!
Started: MoreThanMe, 31 Aug 2021 11:13
Last post: Candid, 15 Sep 2021 17:46
Solid rise today, world’s top uranium miner trending higher.
Good point , have you seen the number of new power plants that are being built all will need fuel , supply will get tighter and current price does not encourage exploration .
And I am still waiting for KAP news on the status of production of uranium pellets for the power plants. Moving from a raw product such as ore to a ready to use product such as pellets will have a massive impact on the KAP revenue - same input but more valuable output. With everyone pushing towards greener energy, this won't be overlooked. Poland is already planning to build its first plants. For me, that the true highlight of keeping these shares - moving from a biggest miner to potentially the biggest miner and producer.
Over exposed to uranium , dont sound good .
Buying the dips , this could have a atomic rise,
GLA
I was very tempted with buying more Kap during the recent lows, 23 was bargain territory but I am already overexposed to uranium as it is. I am sure plenty of other took advantage though.
Started: GosiaS, 27 Aug 2021 17:39
Last post: GosiaS, 27 Aug 2021 17:39
From today's YCA RNS :-)
"Yellow Cake, a specialist company operating in the uranium sector with a view to holding physical uranium for the long term, is pleased to announce that pursuant to Kazatomprom's offer of 12 June 2021 (previously announced), the Company has signed the agreement with Kazatomprom to purchase a further 2.0 million lb of U3O8 at a price of US$32.23/lb for a total consideration of US$64.5 million. It is expected that delivery will take place between October and December 2021.
Once this transaction has completed, the Company's total holdings will increase to 15.86 million lb of U3O8."
Started: GosiaS, 26 Aug 2021 09:05
Last post: GosiaS, 26 Aug 2021 09:05
This is another awesome RNS, I expect the results to be good, but these are way beyond my expectations. Cooperation with YCA and China with reduction of production is paying off. I wonder when we will see RNS about pellets for nuclear power. Miner and producer of one's most precious ores.
Started: GosiaS, 16 Aug 2021 08:50
Last post: appleby, 23 Aug 2021 11:18
Others are here , just taking the divy and waiting.
Gosia.
Considering this is the biggest u miner, its weird you are the only one here, Ohh plus me too
Very good RNS, very good outlook. With new products on the way (uranium pellets) and YCA purchasing more ore this summer, the outlook looks great. Way to go!
Looking also at today's Yellow Cake YCA RNS: march preceding completed purchase of over 3.45mln lb of uranium ore under 2021 contract, whilst they are looking to invest their June preceding to procure 2mln lb more from KAP. This is brilliant news
Completed sale - confirmed, this will be included in the dividend
Started: GosiaS, 3 Jul 2021 20:26
Last post: GosiaS, 3 Jul 2021 20:26
It's almost time! The deadline for shareholders list entitled to 2020 dividends is 14th July. Then cash in bank within 1 month: 578.67 KZT per ord. share. Rounding up nicely to 98p per share at current rate.
Started: Candid, 11 Jun 2021 13:00
Last post: GosiaS, 2 Jul 2021 09:56
And here we are - Superb RNS!
Sorry! Should say existing contract fulfilled with KAP (not KAZ).
YCA RNS Number from last week : 1501C - KAP referenced multiple times with regards of new fundraising for procurement of uranium. Also confirmed existing contract fulfilled with KAZ. Great stuff.
Well, also KAP decision to limit its production in 2021 is interesting - instead of "flooding" market with cheaper ore, they are going for quality rather than quantity. Once cooperation with China is set going (i.e. production and sales of pellets instead of crude ore) it should also strengthen business proposition and reflect in SP and uranium price. I am really looking forward to this.
YCA has also a few days ago passed resolutions at it’s AGM to allow it to raise a further $100m in shares to purchase a second batch of u308 (probably from KAP again). As supply gets taken off the market price will respond, especially when the Sprott Physical Uranium fund starts operating in the months ahead
Started: m0nty, 20 Apr 2021 23:52
Last post: GosiaS, 23 Jun 2021 13:11
I think a lot of people is concerned about radiation pollution and incidents like Chernobyl or Fukushima. There is a lot of fear associated with the terrorism and the nuclear plants as well as corruption driving cost savings where safety should be looked at first. But sooner or later there will be technological breakthrough through inventions (like the one in Czech Republic) where uranium rods will be made safer and more eco-friendly options than burning fossils or plants. Solar, wind or water will not suffice in today's power hungry world
That is really interesting, I bet they found that embarrassing. I think we are at a stage that nuclear is clearly the best option we have right now for emission free baseload power, but because for some reason it is an unpopular opinion people are hesitant to publicly express their opinions.
I think given time people will start to see that renewables are not all they are cracked up to be (at least until there is grid scale battery storage), but you are right it will take time. But two interesting case studies are Germany and Japan.
Germany has the most expensive electricity of all of the developed countries in the world. I am sure most people wouldn't choose nuclear power as their first choice, but given the choice between +45% higher energy prices vs the EU average, people will start to see the benefits. It also blows my mind that Germany closed the nuclear power plants only to build coal.
Japan had a price spike of LNG/energy prices during a brutal cold storm that hit the country, causing the energy prices to go up exponentially at a time the country most needed it.
And then we have Texas energy price spikes and grid problems.
I think people are happy to be picky and shun nuclear until they get supply disruptions or high prices, then they realise just how important reliable emissions-free baseload is and that is where nuclear excels.
links: https://www.reuters.com/article/germany-energy-audit-idUSL8N2LS2RC
https://www.ft.com/content/7a98f9f3-3195-4f64-ba38-377c2f8ba1f3
https://asia.nikkei.com/Business/Energy/Japan-allows-1st-restarts-of-nuclear-reactors-older-than-40-years
Not sure if anyone sat in on this. Aimed at the world’s largest (ie institutional) investors. From the world’s largest fund management group. On possibly the world’s most widely discussed (today) investment topic. Namely “Sustainability - the Path to Net Zero”. Featuring Larry Fink and Bill Gates.
So altogether a pretty big deal. But guess what - not one single mention of nuclear power. I kid you not. Nothing, nowt, nada.
I had to submit my question about how they saw nuclear power’s role in the drive to net zero, six bloody times. In the end my repeated questioning must have embarrassed them (you can see everyone’s questions displayed) and they were forced to respond with “Regarding nuclear power, we are evaluating this”.
So what can we learn from this woeful response? Probably, that uranium may well be the most compelling and asymmetric trade in the world today - but it’s going to take a long while yet to play out. There are an awful lot of people for whom this just doesn’t register. Unbelievable.....
And btw, KAP - I mean how can this not be the single best uranium stock to buy...?
Started: StefZilla, 13 May 2021 12:37
Last post: GosiaS, 1 Jun 2021 22:34
I mean: can't sell them same way (i.e. via website or app).
I've asked II broker on the phone why I can buy no problem those shares, but I can sell them same way. He said it's because these are international shares. Maybe same lame excuse is used by HL?
Does anyone know why you can’t trade these through HL?
Hi, I bought mine on SIPP with interactive Investor. I can do the same for SIP as well. Word of warning - you can buy via web or app. You can't sell via web or app. You have to call the broker to sell and they should not charge you a premium price for a phone call transaction
If I can't find one, I'll buy via LSE - BUT - I would prefer to invest via a UK _ISA_ Trading account.
Can anyone recommend a UK ISA one that has access to purchase KAP?
Thanks in advance.
Started: GosiaS, 10 Apr 2021 11:00
Last post: GosiaS, 7 May 2021 14:09
Magic $30 achieved :-) now aiming for $35, which should come with uranium spot price increase.
Yeah I definitely agree, this is a great company with fantastic fundamentals. I am not currently invested here, but am in other uranium stocks. I want to build a stake here as soon as funds free up.
You are absolutely right. The only thing is that these are international shares and many brokers do not support automatic trading. In my case I can buy online but I can only sell via phone. Stupid, but there you go. This company is very strong, planning well it's future production and paying good dividends. As I said before, what's not to like ;-)
Deserves to be higher today, considering most major uranium companies booked double digit gains yesterday. With the likes of Cameco +10%, Nexgen +13.8%, Paladin +19%, Boss Energy +29%, Bannerman +29.6% putting in stellar gains on the day.
I am guessing spot price moving significantly will be the catalyst to really move Kazatomprom.
Excellent RNS paving path to $3 plus for this share.
Started: GosiaS, 30 Mar 2021 10:32
Last post: GosiaS, 1 Apr 2021 14:59
Almost £1 of dividend per share - circa 4.8% comparing to today's price. Nice result. Slightly better to BHP 4.379%.
Saying that I would prefer 6.176% of RIO, especially that KAP is way bigger supplier of Uranium. Still, very nice result :-)
This sounds very promising, thank you Candid.
Gosia,
The press got hold of a draft report few days ago, so it’s not officially published yet but looks like it’s the real deal and the advise is favourable for nuclear.
https://world-nuclear-news.org/Articles/EU-Taxonomy-can-move-forward-with-nuclear-JRC-find
Candid, thank you so much for the answer. Would you be able to share on this BB the outcome of the report or link to it when it is finally published?
Gosia, It’s probably just a consolidation phase after a good rise in recent weeks. In fact the whole uranium mining sector has given back some gains in recent days. Traders are still moving this sector up and down because they can do so.
Importantly the U308 spot price has had a very good recovery from the $27 levels and in now back over $30 on increasing physical purchases by producers and developers. This activity is likely to be followed by hedge funds, ETFs. The real driver will be utility fuel buyers re-entering both the spot and longterm markets, this will really take off at that stage.
On the risk side, although small as EU are not a big nuclear market, I think some investors and buyers have been waiting to see the EU taxonomy review for nuclear (recommendations for nuclear power to be included as sustainable/green energy investment). Early indications of a draft report (due for release this week) show that the scientific recommendation is in favour of nuclear as a green and sustainable source of energy.