Watchlist
Shares in Central Asia Metals (CAML) are down 10 per cent in early trading today, after the diversified miner posted an increase in cash costs at its two mines, and a final proposed dividend of 8p a share for 2018. That distribution is equivalent to 44 per cent of adjusted free cash flow, and so towards the top-end of CAML’s dividend policy, but means the year-on-year pay-out has softened by 2p. Adjusted EPS and pre-tax profit numbers also came in slightly down on broker Peel Hunt’s forecasts, though the group is well on-course to repaying its $110m net debt within three years. Buy.
info
Login or register to post comments