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%

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

Don't worry, it won't take long, cynic

blimey
an outside day reversal continuing into a weekly ditto? still 2 and a bit days before we find out. candlesticks same gravy different meat. i continue to just watch.
regards
jkd

i originally bought this at 320'sh level sold half at nice profit. and sold balance at nicer profit. i still think this may be in just retracement to uptrend and maybe i should have held on longer. only time will tell, but i am happy. no regrets.
regards
jkd

It's 580p now and still looking very pricey. It was 300p just a month ago. It is a good price to take profit now.

j
the last time this was at 300p was back in march. that is 2 months ago.
regards
jkd

i shorted these friday, (-6) closed -13 might add monday if it moves into positive and my stop loss holds and it then starts to weaken, might not. dyor.
regards
jkd

that was a definite maybe then - lol!