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%

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.

im glad i took profit on 50% of my holding.
just sitting tight now expecting to take a break even at cost on remaining 50%
may change my mind, may not,
difficult times. i am just trying to not to lose money whilst at the same time trying
to bank profits when they become available.
open, close half at profit, close remainder at cost. etc. and so it goes on.
heres what keeps me going, never give up, one day the market will turn,
open, profit, add, more profit, add etc. the break even close doesnt get hit. thats when i know market has changed.it will happen one day. in the mean time i just have to keep being in it.
regards
jkd

KAZ will go back to 230p.

thanks j
any relation to H? i like his posts.
regards
jkd

results out tomorrow, so it will be interesting to see whether today's sell-off has been overdone or inspired percipience

Stop hit today. Currently flat in KAZ.

results look pretty underwhelming to me, but don't know what was expected, especially as sp is already pretty bombed out

shares will almost certainly get whacked, though EDITDA was a bit better than forecast......

Kazakhmys posted a 25 percent fall in 2008 underlying earnings per share, lower than analyst expectations, hit by high costs and a collapse in copper prices.

London-listed Kazakhmys, the world's eighth-biggest copper producer, said 2008 underlying EPS fell to $2.27 from $3.02 the previous year.

The firm was expected to post EPS of $2.51, according the the average forecast of 11 analysts polled by Reuters Estimates.

Earnings before interest, tax, depreciation and amortisation (EDITDA) and excluding special items fell 12 percent to $2.06 billion, versus a consensus estimate of $1.81 billion, on 2 percent lower revenues of $5.15 billion.

phew! glad i got that wrong!!

Went back in this morning (not at the low, I hasten to add). Really couldn't believe the strength it showed after the results yesterday.

In fact, KAZ seems to want to rise even on "bad" news. Don't fight the market, I say. ;-))

BA
im still sitting. havn't added back yet.
good luck
regards
jkd

jkd

The scarpping of the divi didn't hurt it and the results didn't hurt it either - in fact both events served to fuel a rise in the price. Can't complain.

BA
have to agree with you. this does look very much like accumulation at a bottom. unless it fails that is.who can say? stop losses and money management are the answer as you well know.;-)
regards
jkd
edit for new readers only please go to previous page for up to date chart. (mitzy's) critical level? please dyor.

Keep on buying KAZ...still very cheap at 460p...undervalued.

it's only cheap if the demand for copper and thus the price increases ...... meanwhile, it is somewhat debateable, even though i made (banked!) a decent profit from KAZ a day or two back

i guess it depends on whether or not you believe KAZ should be performing as well as ANTO and/or if there is good reason for it not to


the comparative chart with ANTO below may be useful
KAZ = blue
ANTO = red

Out again today.She's had a decent run

well done BA
your right she has. i'm still hanging on to my remaining 50% holding for time being.
regards
jkd

Time to get out of KAZ at 650p...Investor's Chronicle was spot on on Friday.

depends how much of an active trader you are etc ...... a pullback and consolidation of the markets has been due for a good week or so ..... if i were a holder of KAZ i would only be concerned if there was a further drop of about 10% from today's closing level

my stop loss was hit today so am now out and flat at moment.the recent rise was far and fast so tightened stop to protect and bank profit.
regards
jkd