The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
IMO worth holding through to final dividend which is due around 25th April. Given the rise in copper price, I would expect that this will be 10p a share or more. If production holds steady, CAML should be reporting a very healthy cash position by this time.
I see this dip as a buying opportunity. Added to my holding this morning another 10,964 shares at 91.21.
Good news and no nasty surprises....
Strong balance sheet with $47.9m cash in the bank.
$38.4m of debt repaid during 2020.
Production levels on track and the tailings dam incident remediation almost complete.
Metal prices still improving.
...dividend announcement shortly.
"Our 2020 annual results are scheduled to be released on 30 March 2021, when our final dividend for 2020 will also be announced."
Doing my annual portfolio review as I’m sure many of you are too. When it comes to MTR, my head says: “this stock has gone nowhere since you bought it 5 years ago. Dump it and put the money to work somewhere else”. My heart says: “You’ve hung in so long on this one - stay the course to reap the rewards”. But I can’t see a trigger event coming up in the next 12 months which will drive a re-rate of the SP up to the 40-50p range which was my target exit price. I’m running out of patience on this one...
This is a smart move for Kape to extend from the niche VPN product space into an all in one security solution. If they could bring out IoS / Android versions in future then that opens up a huge mobile device marketplace for them. Their product may not be the best, but if the marketing is slick enough and they build a substantial consumer base with strong renewal rates then this could do very well. I made 2 investments in Kape last year at 70p and 85p and have added to my holding this week at 172p. One to hold and watch for me.
https://youtu.be/SZUR1O-aXJ4
Dividend received on HL. I bought into CAML originally in spring 2018 at 290p which in hindsight wasn't a good entry point. Have added substantially to my holding since then on the dips and now back in profit. Happy to hold as the long term outlook now looks solid.
I was wrong in thinking that the impact of Codewise acquisition on revenue would not have much immediate impact. Good to see underlying revenue growth of 17%, but to see 118% growth when the contribution of their acquisitions is added in is fantastic news. This company is still under the radar but it won’t be long I feel before it gets spotted by the herd. All good at the moment.
Another analyst commentary on the copper bull market.
https://www.proactiveinvestors.co.uk/companies/news/934776/jefferies-forecasts-multi-year-copper-deficits-a-surge-in-prices-and-plenty-of-action-for-freeport-and-first-quantum-934776.html
This is a very promising set of results. I was wrong about the acquisitions not yet having a big impact on revenue and margins. Proforma revenue growth of 17% PLUS 100% growth from the acquisitions. And we’ve only just started to see the contribution which the Codewise acquisition will make on the business. It all looks very good for CNIC right now.
CNIC are now required to report quarterly as a requirement of the Oslo stock exchange. That’s fine by me. Q3 results announcement due on Nov 30th and they have already flagged that business is progressing “in line with expectations”. I don’t expect to see much impact yet from the Codewise acquisition on revenue & margins, but expect good things from this in 2021. Have built a position of 30k shares at an average buy price of 82p and very happy to sit on these for a while. This looks a solid business now with very good growth potential. GLA
I’m going to have a Metal Tiger rant every morning if it does this to the share price!
I’ve sold my entire holding. CRW may well have further gains to make, but I’m happy to bank profits and put some cash back in my portfolio. Needed some cash in the bank as I recently took a large position in CNIC which is another overlooked tech stock I like the look of. Good luck to all holders here.
Love a morning rant TF1. Mine is with Metal Tiger - I feel like I have been invested in this share FOR EVER and the share price is STILL GOING NOWHERE. Come on MTR I’M RUNING OUT OF PATIENCE!
Interim dividend of 6p will be paid on 11 December 2020 to shareholders registered on 20 November 2020. So I'd expect to see some movement up in the run up to this cut off date. I plan to hold through to the final dividend due at end of May 2021. This has been around the 10p mark in the past, but if their cash position is healthy then it would be nice to see them reward patient shareholders with something higher than that. I agree with Ragnar that this is never going to take off, but happy to hold and see steady progress and healthy dividends.
A nice rise over the last few weeks - let’s hope they stay on track now. I bought more @ 1,435 in the dip early October so am now back in profit on CRW. There are no guarantees, but I believe that CRW could recover strongly as we emerge from the Covid nightmare.
Top up time for me - another 45,000 bought this morning @ 19.94p.
Posts that don’t age well :-(