Kazakhyms plc is the tenth largest copper cathode producer and the tenth largest mined copper producer in the world. Its principal business is the mining, processing, smelting, refining and sale of copper and copper products, including copper cathode and copper rod. As by-products of it copper operations, the group also processes, refines and sells zinc, gold and silver.

            Red = 25 day moving average.           Green = 200 day moving average.

SALES PER ACTIVITY (Data as of 31/12/2005)

Copper operations & others: 100%

Down 24p to 297p this morning. Not such a strong buy after all!!!

Probably time to BUY more. Do u think, Harry?

why buy? ..... copper is still heading south
if/when sp hits 240 support, then reconsider

I can see no reason to buy at the moment. Other miners (Gold, Platinum, Silver) offering better returns.

I'm buying tomorrow Harry.

Dividend all gone....


Kazakhmys omits final dividend - MoneyAM


Kazakhmys said today EBITDA for 2008, from managed businesses excluding special items, was down to $1.627bn from $2.336bn the previous year. Overall group revenue was down 2% to $5.151bn due to lower metal prices. No final dividend will be paid.

Net debt was $1.628bn at year end with cash and deposits of $572m and an undrawn revolving credit facility of $200m.

The group suffered impairment charges of $400m.

Kazakhmys said it had identified cost reductions of $200m and capital expenditure would be reduced by $250m.

Oleg Novachuk, CEO of Kazakhmys, said: '2008 was a solid year in production terms and also a year in which we made some significant strategic developments. Market conditions in 2009 are challenging but we are taking decisive action, across the Group, to conserve cash while at the same time preserving the underlying strength and potential of the business. We are positive on the long-term outlook for copper and on the potential for the electricity market in Kazakhstan, where there is a clear need for both capacity and tariffs to rise.'

Im looking for 350p plus after upbeat news on Reuters this morning re- to base metals price recovery especially Copper.

Stock trades on far too low a multiple IMHO....

Kazakhmys Forecasts

Year Ending Revenue (m) Pre-tax (m) EPS P/E PEG EPS Grth. Div Yield

31-Dec-10 2,382.10 407.54 72.28p 4.3 0.1 +76% 9.15p 3.4%

A forward P/E of just over 4 and EPS growth of 76% going into 2010, this rating is far too cheap.

Looks far too cheap given peers rating and the increased buying of base metals.

Recent broker Buy note and previous notes show its trading on a forward P/E of just over 6, miserly.

Kazakhmys PLC

FORECASTS
2008 2009

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Seymour Pierce
13-03-09 BUY 187.94 46.30 107.39 52.92

RNS Number : 1782P
Kazakhmys PLC
20 March 2009









20 March 2009




KAZAKHMYS PLC ANNOUNCES EARLY COMPLETION OF THE AES MANAGEMENT CONTRACT AT EKIBASTUZ GRES-1 AND MAIKUBEN WEST COAL MINE







Kazakhmys PLC ('Kazakhmys' or the 'Group') today announces that it has agreed the early completion of the contract with AES, so that management of the Ekibastuz GRES-1 power plant and Maikuben Coal Mine will transfer to Kazakhmys.

The management contract was due to run until December 2010 and included earn out fees of up to $375 million, based on profitability and the successful delivery of the capital development programme. The early completion agreement includes an earn out of $80 million for the financial year 2008, payable in April 2009, and a single reduced payment of $102 million to be paid in January 2010.

Nikolai Korobovsky, a former AES employee at Ekibastuz GRES-1, has been appointed Head of Kazakhmys Power Division, to manage all of the Kazakhmys power businesses, including Ekibastuz GRES-1, Maikuben coal mine and the three power stations and two coal mines that are owned and operated within the Kazakhmys Copper Division.




Kazakhmys' Chief Executive Oleg Novachuk said, 'I should like to thank AES for their work with us over the past year and in helping the transition to Kazakhmys management. This agreement reduces our cash commitments, which is welcome in the current environment. It should also allow us to create a more integrated approach to all of our power facilities, which together represent over 20% of Kazakhstan's power output.'




For further information please contact:







Kazakhmys PLC
John Smelt

BASE METALS

GLOBAL PORTFOLIO FLOWS

Copper in gold hunt

Over the past month, investors have switched heavily from listed gold and silver stocks into names specialising in copper, zinc, uranium and nickel.

Author: Barry Sergeant
Posted: Wednesday , 18 Mar 2009

http://www.mineweb.com/mineweb/view/mineweb/en/page36?oid=80470&sn=Detail

gf
as all who read my posts know i am a megga bear, still, i am long this since last week.(319) so thanks for drawing it to my attention, seems to now be at critical level.your target of 350p plus has now been met and exceeded.
ta again.you clearly know your onions. Master Chef? anyone watch it?
regards
jkd

12 by Xmas? ;-0

A few hurdles first, but this has broken out of a lovely bottom over the past few days.

nobody can beat your lovely bottom Al ..... actually, there are reports to the contrary!

.......... and I wonder where they were posted, cynic. LOL!

I stuck KAZ in my SIPP in 2 lots for the divi in January and have also traded them recently. Almost sold when the divi was abandoned, but it never hit my stop level, which was quite fortunate. Amazingly she goes from strength to strength so can't complain. Currently 71% to the good in the SIPP. ;-))

Yippee! Just BUY BUY BUY...nothing else now.

have allowed myself to be sucked in at 405, so we'll see what happens next

cynic not a good day so far.
i think we may see a bit more of a pull back before any further rise so have sold half my holding today. good luck
regards
jkd

it's no prob ..... have done execptionally well over the last couple of weeks and in fact FTSE seems very disinclined to break back down below 3900 .... long may it stay that way!

unfortunately can't cut and paste the LME chart, but cash copper was just under $3100 pt on 1/1/09 and is now $3900, but remenber that at its height in mid 2008, price was $9000

nevertheless, this is still good news for Kaz, and perhaps strangely, also for the likes of WOS, as i think you'll find that housebuilding also uses lots of copper

Kazakhmys has been cut to sell from hold at Deutsche Bank, with target price 239p, down from 246p.

The recent rally could be dying now.