| 8:51 06/05/2012 | Re: Motley Fool Comment |
| Not specific to this stock although despite, high copper prices, they seem to be finding it harder and more costly to get the stuff out of the ground. By pasak |
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| 17:36 05/05/2012 | Re: Motley Fool Comment |
| Maybe we should reduce, afterall: http://moneyography.com/sell-in-may-and-go-away-buy-again-on-st-leger-day-3 By Mike-in-Paris |
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| 14:35 15/03/2012 | Updated spreadsheet |
| Following a simply huge multi-year hike in capital emplyed, more than 100% financed out of cash flow, at last production is ramping up if marginally more slowly than it might have. Meanwhile the share's valuation, if far above knockdown end-2008 levels, is well down from the somewhat fevered levels of end-2010. Should put recent shenanigans in context. The share looks as ever a first rate portfolio member, nothing very dramatic to say about it near term. http://www.keepandshare.com/doc/3680257/antofagasta-xls-march-15-2012-9-26-am-45k?da=y By wolfman-99 |
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| 12:52 14/03/2012 | Motley Fool Comment |
| Interesting comment that is worth a look. I agreed with everything until the price thought appropriate. May he never be given the opportunity to buy ;-) GLTA MJS http://www.fool.co.uk/news/investing/2012/03/13/the-footsies-top-miner-for-dividends.aspx?source=ufwflwlnk0000001 By MJS1234 |
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| 9:26 14/03/2012 | buy |
| stop moaning great company great share cheap at moment.........buy By hunter in the trade |
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| 8:14 14/03/2012 | Re: Where did the divi go.... |
| The divi level in the previous year was exceptionally large and IHMO unlikely to be repeated as it amounted to more than the cash generated during the year. The reason that the specail divi was reduced this year is because the start up of the Esperanza mine did not match up to expectations, with higher cost of production and lower output than expected. Next year they are forcasting better production from esperanza, so given a copper pric at the currnet level there should be a rise in profits and a higher special divi. SM By smilingmickey1 |
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| 8:10 14/03/2012 | Broker note |
| Useful background - never mind all the "target price" stuff. http://kvisit.com/Sqq3gAQ By wolfman-99 |
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| 20:07 13/03/2012 | Re: Where did the divi go.... |
| My understanding of Anto's dividend policy was that the normal dividend is expected to be fairly stable (increasing slightly perhaps), but likely to be payable in a good and bad year. I understood the special dividend was supposed to be driven by the copper price/profits and would be largely variable. I think this is a very good dividend strategy and SHOULD mean investors like me have realistic expectations from year to year. Yet despite a strong copper price and profits higher than last year, this did not seem to happen. This must be down to either the company being worried about copper prices going forward (they say they're not), or plans for increased capital spending (probably more likely). Anyway....I will watch Anto over the next few months with interest... By foxx1977 |
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| 18:48 13/03/2012 | Re: Where did the divi go.... |
| Here is a summary from UK-Analyst: "Chilean miner Antofagasta (ANTO) reported a 22.9% rise in copper production to 640,500 tonnes for the year ended 31st December, with gold production also up at 196,800 ounces. However, the results fell short of broker Fox Davies' expectations of 715,000 tonnes of copper and 324,000 ounces of gold. Investors were also unimpressed to hear that the group cut its dividend by 62.1% to 44 cents (28.1p), although this was against a strong comparable in 2010 which included a special dividend of 100 cents (63.9p). The shares lost 29p to 1,241p." As last year included a "special" dividend, perhaps investor should look at only the "normal" dividend after removing special divi from the equation? I do not hold, but watching from the sidelines. nk By nk1999 |
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| 9:41 13/03/2012 | Re: Where did the divi go.... |
| I agree...cannot understand why the special dividend was so low this year www.dividendmax.co.uk By performer |
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| 7:13 13/03/2012 | Where did the divi go.... |
| Just read the prelim results and despite 'record revenues and record profits', the annual dividend is down a whopping 62%! Very disappointing in my view. Perhaps thats why the CEO went last week? ANTO has been a fantastic share for me over the last 4 years (and might be again), but I am out for now - just sold my remaining shares. Limited upside from here in the short/medium term, and I see stronger uses for my cash elsewhere. By foxx1977 |
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| 10:08 10/03/2012 | Results and Dvidend Declaration Next week |
| Usually pays a big special dividend www.dividendmax.co.uk By performer |
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| 13:55 08/03/2012 | Re: FT.......... |
| I am indeed a shareholder. I am a big fan of these family companies which are a haven of sanity in today's world. It is interesting about Antofagasta that it is still somehow regarded as a minor rare bird - the FT market report section ignores it when talking about developments in the mining sector. The "sell-side" analysts (alias scribblers - I once was one myself) constantly talk it down because they say the vavluation is high, while making no reference to the quality factors to which I have referred,, or the amazing long term record. Your theory rings true. I am sure the Luksics will get it fixed. By wolfman-99 |
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| 8:15 08/03/2012 | Re: FT.......... |
| Hi Wolfman, Her's a guess as to why the CEO has gone. I'm not sure if you are a shareholder, but Anto is basically a family run business, (owning maybe 70% of the equity) and has been run conservatively, but very profitably for many years. No chance of a takeover here, just growing the business year on year. In recent times Anto have made some smallish investments outside their heartland Chile none of which seems to faired particularly well, including in particular, Reqo Dig in Balochistan, which is turning out to be a nightmare. Maybe the CEO has been pushing these things and maybe Anto will have to suffer some writedowns on these investments when the financial results are announced. Their core business in Chile is going form strength to strength in the meantime, so I think we should get a good special divi. I'm a long term holder here. SM By smilingmickey1 |
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| 8:01 08/03/2012 | Fox Davies Says..... |
| Thursday, Mar 08 2012 by Fox Davies Capital http://bit.ly/yGQphr By SpikeyDT |
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