Holding a free one +33%
- Copper was below $6,000 (~£4,615) per tonne for 2019, or $2.70 per pound (fun fact, about the same as a black coffee in London ).
- But Kaz had sales 5% over their 2018 sales, at $2.3b
- Production was 6% higher than the year before.
- Free cash flow decreased by 30%, but the they still increased the final dividend by a third to 8c / share.
That’s some nice dividend increase for all copper bugs.
I took a deeper look at KAZ Minerals after taking a small position here on Freetrade and put together a YouTube video going through my thoughts.
KAZ minerals was a interesting research subject with much to like but with growing debt and negative FCF presently. I’m on the fence at the moment but with copper producers taking a hit in recent days, maybe a buying opportunity will come for me soon
Have a watch and see what you think. Any feedback welcome as I develop my research and investment skills:
Hello, the company should pay dividends on May 22, has anyone already received?