" POUND vs US DOLLAR FX:GBPUSD Once upon a time, there was a terrible US President who, holding power at the same time as a terrible UK Government, ensured markets did better than before, currencies stabilised, and the rain stopped. Aside from ..."
Gone long on KAZ ....KAZ minerals on back of a 4 year high in copper and massive demand from China as they reduce capacity. A PEG of just 0.4 appeals and the longer term chart below shows the massive potential here.
" FTSE FOR FRIDAY (FTSE:UKX) There are times when we wish it was permissible to shrug our shoulders and admit we just don't know what's happening. The FTSE has spent the last week making some truly mysterious moves which "should" have seen the ..."
World economies continue to be in bull mode. Copper doing well. Kaz doing very well. Seems to have comfortably beaten its yearly high. I'm looking for double digits now. Hopefully 10.00 by the end of the year.
I can only think this is a temporary blip down and I would hope it must be nearing its bottom as it'll now be seen as over sold. That's one think about Kaz, its volatility has aloud me to make a very healthy profit over the last year. Pity I didn't set a stop loss while I was on holiday last week.
Just had two big down days. Must have triggered a few stop losses? Having just read "notes to the editor" at the bottom of the last RNS, I could only see this climbing!
The new mines are producing amazing results at low cost extraction. Debt is being paid off. Metal prices are at recent highs. So can only hope yesterday and Monday were just temporary blips?
" FTSE FOR THE COMING WEEK (FTSE:UKX) The current 'Korea Thing' reminds of the John Wyndham's (the Day of the Triffids bloke) book, the Kraken Wakes. It's a usual 'The Worlds Ending' short story and in it, the two hero's discuss which shares ..."
KAZ Minerals PLC 19.7% Potential Upside Indicated by Jefferies International
Posted by: Amilia Stone 31st August 2017
KAZ Minerals PLC with EPIC/TICKER (LON:KAZ) has had its stock rating noted as Upgrades with the recommendation being set at BUY today by analysts at Jefferies International. KAZ Minerals PLC are listed in the Basic Materials sector within UK Main Market. Jefferies International have set their target price at 1000 GBX on its stock. This would indicate that the analyst believes there is a potential upside of 19.7% from todays opening price of 835.5 GBX. Over the last 30 and 90 trading days the company share price has increased 132.5 points and increased 336.5 points respectively. The 52 week high for the share price is currently at 868.5 GBX while the year low share price is currently 168.02 GBX.
KAZ Minerals PLC has a 50 day moving average of 660.01 GBX and a 200 day moving average of 520.85. There are currently 446,554,369 shares in issue with the average daily volume traded being 1,707,611. Market capitalisation for LON:KAZ is £3,824,738,170 GBP.
" GOLD (COMEX:QO) It's easy to forget about Gold - we've two Golden Retrievers and neither ever bring any back! But the price of GOLD has recently started exhibit signs of waking up with the result short positions are liable to melt away. As ..."
I see this going up and up. It could double again from here! I sold some at 6.50 but only a quarter of them. Copper demand has come back and price has climbed. Production and efficiency keep getting better. Back to the heady days of £18? Who knows. Knowing when to sell is always a test of nerve!
I agree thats sensible, I have just seen this stock bounce up and down in the range, I thought it wise to trade.. it was fairly unwise as it turned out.. just like opening a light sabre the wrong way around..
Thats what I thought when I sold a few weeks back for 5.50... I was wrong too... most brokers usually are.
I hope it drops down again as selling was a big mistake I will be buying back in after... this has had a substantial re-rate given the price of copper, perfect storm for the stock with production on the rise.
Breaks your heart when a stock is been in a trading range for ages, it peaks, you sell... then it breaks out the next day and re-sets the rules.
<b>Kaz Minerals offers a buying opportunity on this dip
By Gary Newman | Sunday 13 August 2017</b>
Kaz Minerals (KAZ) is a great example of the extent that commodity prices can effect larger miners, and the recovery in copper prices has seen the share price trading at multiples of where it was just 18 months ago.
When copper hit lows of $2/lb, Kaz was looking very weak with large amounts of debt and was making a net loss, and as a result its share price was only at around the 100p level as recently as the start of 2016.
That is in stark contrast to today, where copper prices are nudging the $3/lb level and the shares are trading at around 663p to buy, with a market cap of nearly £3 billion.
Of course that recovery could reverse if copper was to plummet once again, but currently it is showing no signs of weakness, and in coming years many are expecting prices to strengthen even more.
Having watched a share price on a company of this size rise so much in such a short space of time, I can see why some may have concerns about buying shares at current prices, but recently it has shown a fairly strong uptrend from the high 400s it was trading at towards the end of June. At the end of last week it did experience a fairly sharp drop, with nearly 10% wiped off over the space of a couple of days, but rather than viewing that as a sign of weakness, I see it as offering a buying opportunity, even if just for a trade.
Interim results, up to the end of June, are out on Friday, and given the level copper has been trading at during that period I would expect a fairly decent set of financials, certainly showing an improvement on the previous ones.
Weve already had the production report for that period, which showed that production more than doubled to 118kt as the result of a ramp up in operations, and Q2 contributed 66kt to that total, showing the continued growth that is being achieved from its operations in Kazakhstan. Full year guidance is for 225-260kt, and the company is on track to deliver that.
It wasnt just copper which performed well for the company, with gold production also more than doubling to 93koz, and given current strength in prices for the metal, that bodes very well for the future.
The Aktogay operation has performed better than had been expected and we should see a strong performance in H2 which will put the company online to achieve the 65-85kt that it is hoping for.
Bozshakol has also seen rapid production growth and is expected to be at full capacity in H2, as well as having had a large increase in the amount of gold it is producing.
Its other operations at Bozymchak and East Region have seen a reduction in copper and zinc output, but are still inline with guidance, and silver and gold are expected to be towards the top end of expectations for the year.
During 2016 the company generated revenue of $766 million and that resulted in a net profit of $177 million, despite copper prices being generally weak, as a result of significant cost reductions.
One concern you might have here is the level of debt, which stood at neary $2.7 billion at the end of 2016, but the company does seem to have that under control and recently extended its pre-export finance loan facility maturity until June 2021, as well as increasing it by $600 million at the end of 2016 it did have over $1.1 billion in cash and equivalents, although that would have reduced due to capex on operations in the meantime.
The success of Kaz moving forwards really all comes down to the price of copper, and if, like me, you are still bullish on the metal, then I think this company is well worth a look at the current price, although should copper start to take a tumble Id be looking to get out, as it is very geared towards that.
Important message from the Financial Conduct Authority:
Posting inside information that is not public knowledge, or information that is false or misleading, may constitute market abuse.
This could lead to an unlimited fine and up to seven years in prison.
If you have any information, concerns or queries about market abuse, click here.
The content of the messages posted represents the opinions of the author, and does not represent the opinions of Interactive Investor Trading Limited or its affiliates and has not been approved or issued by Interactive Investor Trading Limited.
You should be aware that the other participants of the above discussion group are strangers to you and may make statements which may be misleading, deceptive or wrong.
Please remember that the value of investments or income from them may go down as well as up and that the past performance of an investment is not a guide to its performance in the future.
The discussion boards on this site are intended to be an information sharing forum and is not intended to address your particular requirements.
Whilst information provided on them can help with your investment research you need to consider carefully whether you should make (or refraining from making) investment or other decisions based on what you see without doing further research on investments you are interested in.
Participating in this forum cannot be a substitute for obtaining advice from an appropriate expert independent adviser who takes into account your circumstances and specific investment needs in selected investments that are appropriate for you.