Member Info for Autonomy1

Ok thanks I only trade UK stocks

Tucson
Can I ask why you dont like Interactive formerly Tdw,I am with them and have no problems

Trek
Fully agree they moan about the deal but still hold the shares,if they are not happy then sell and move on
The reason they dont sell is because in the back of their minds they are waiting for something good to happen

Hi
Kaz was doing very nicely with profits dependant on the copper price,but then Aug 2018 they announced the Baimskaya project and the price fell
It is still a good company but for some of us the Bod take on to much debt currently at about 3bn ish then they decide to expand Atokay to become Atokay 2 so more debt to build that then the initial purchase price and feaseability study on on Baimskaya which meant money and then they announce the project will go up to 7bn and that's if there is no hiccups and it wont be completed till 2028
Even if they found a partner they are still going to have a lot of debt over a number of years which they could afford to pay off providing copper was say constantly above 260.
Dont put to much money into it that's all I will say

Should read two deals with days

I dont post very often but i have been with this company about 10 yrs.I agree with Private investor that there may be something else going on
Two deals within deals

No it's nowhere big enough for the Baimskaya project,but it looks like the country is struggling a little

I thought the same thing
You may be interested in googling Rbk and major shareholder Vladamir Kim
Several articles how he bailed the bank out in 2017 with billions of Tenge,he cant be making much money on the old mines with copper so low
I came across them by accident when looking at another bb

https://www.rferl.org/a/kazakhstan-takes-another-economic-hit-as-coronavirus-infects-oil-fields-copper-mines/30650397.html
These are the mines we gave him as they were to expensive to run along with several hundred million of course

Furthermore it was down about 10% when you bought them had the Payroll jobs numbers been different and totally unexpected then Kaz wouldn't have risen like it did during the afternoon

Darren
You obviously havent been invested in Kaz very long,it regularly went up and down by 10 or 15% in a day especially after results day
Take a look at Aug 2 2018 after the Baimskaya Rns

Finally there is someone other than myself who believes a correction is coming
I thought I was going daft ,how has the Dow risen 900 points with airlines and Carnaval up 20% do they think everybody is going to be jumping on them

I was trying to explain in an easy way that the company is not big enough to have the debt it will incur with the project,You have to admit that it will need a partner
The more EBITDA the more the share price goes up and the market cap with it
Leverage is currently 3.3 anything over 1.5 is not very good and this is without Baimskaya
Rio for example leverage is 0.3

Roydon
Spot on it was overbought compared to copper and the mining index this has corrected the share price

They wont be able to put it on hold as Russia has spent billions on infrastructure in the area although I appreciate it isnt just for Kaz
I wonder who they could get as a partner as the big miners have already walked away from buying it in the first place that leaves either China or Russia
There is going to be a market correction at sometime with the S and P tethering on the correction level so it will either go down from here or back up to highs and then the correction in a few months time which wont be good timing for Kaz to find a partner when we will be in a bear market
Some difficult decisions to make
I just for Kaz

Furthermore I can never understand why they bought it in the first place in one of the remotest places on earth,when they have got Koksay within the region and they could have developed that and now the area stands idle

The project is to big for a market cap of Kaz,which would put debt in the 10bn area incl it's current obligations,that's about 5 times its market cap
There are many problems it has to face and the biggest is finding a partner which would cut the debt down
.However for me we havent started construction yet and already the price has gone up and the delay now till completion 8 yrs away,alot can happen in that time and that's if all goes to plan if it dont and there are further problems in the construction area then the debt could quite easily go up by another billion or two
Wont be buying back in

Nobody is pursuing the offenders on behalf of the shareholders so any money got back from them will be got by individual banks who are trying to recover their own losses
FCA and SFO dont seem to be interested as it all happened in UAE

Chris
You are correct that the stock exchange is a casino and not fit for purpose
The ups and downs and market manipulations are staggering
Just look at Flutter at £100 per share and a market cap of 14bn and with a Pe of 55 then look at the profits ,its just ridiculous

Power
The saying relates to the stock market
Sell in May and go away and dont come back to St Ledgers day
The theory being that fund managers are not really interested in the Summer months hence a Santa rally from October onwards