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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  KAZ Minerals PLC    KAZ   GB00B0HZPV38

KAZ MINERALS PLC

(KAZ)
  Report
Real-time Estimate Quote. Real-time Estimate CHI-X - 01/21 11:30:00 am
766.2 GBX   +2.00%
01/20KAZ MINERALS : Samson Rock Capital LLP - Form 8.3 - Kaz Minerals
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01/18FORM 8.3 - THE VANGUARD GROUP, INC. : KAZ Minerals plc
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01/15FORM 8.3 - THE VANGUARD GROUP, INC. : KAZ Minerals plc
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More KAZ Minerals' shareholders to vote against buyout plan

11/11/2020 | 07:38am EST

LONDON (Reuters) - KAZ Minerals' minority shareholders, including its seventh biggest, Russian businessman Maxim Vorobyev, plan to vote against a 3 billion pound take-private bid led by the company's chairman, claiming it undervalues the copper miner.

A consortium led by Oleg Novachuk and KAZ director Vladimir Kim last month offered 640 pence for the 61% of the mining company's shares it doesn't already own to take it private, offering minority shareholders a 12% premium on the previous day's close.

"If successful at the current value and without an increase in price, the offer will prevent the current minority shareholders of Kaz Minerals from realising the full value of their investment," said CFC Management chief executive Ekaterina Chernova.

CFC Management is a Russia-based investment advisor that represents Maxim Vorobyev and other minority shareholders, which jointly control around 3.6% of KAZ's share capital.

"We will advise our clients to vote against the offer," Chernova added.

Reuters reported on Monday that the London-listed miner's fifth-biggest investor RWC Partners also plans to vote against it.

RWC Partners, which runs $9 billion in emerging and frontier markets, owns just under 3.3% of KAZ Minerals.

(Reporting by Clara Denina, editing by Louise Heavens)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ANTOFAGASTA PLC 0.36% 1539.5 Delayed Quote.6.49%
FIRST QUANTUM MINERALS LTD. -0.21% 23.6 Delayed Quote.5.86%
IVANHOE MINES LTD. -0.42% 7.03 Delayed Quote.3.06%
KAZ MINERALS PLC 1.89% 765 Delayed Quote.13.82%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) 0.57% 73.905 Delayed Quote.-0.04%
All news about KAZ MINERALS PLC
01/20KAZ MINERALS : Samson Rock Capital LLP - Form 8.3 - Kaz Minerals
PR
01/18FORM 8.3 - THE VANGUARD GROUP, INC. : KAZ Minerals plc
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01/15FORM 8.3 - THE VANGUARD GROUP, INC. : KAZ Minerals plc
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01/13FORM 8.3 - THE VANGUARD GROUP, INC. : KAZ Minerals plc
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01/11FORM 8.3 - THE VANGUARD GROUP, INC. : KAZ Minerals plc
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01/11KAZ MINERALS : Samson Rock Capital LLP - Form 8.3 - Kaz Minerals Plc
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01/11KAZ MINERALS : Offer Update
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01/11KAZ MINERALS' : Proposed Takeover by Nova Resources Gains Regulatory Clearances
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01/08KAZ MINERALS : Samson Rock Capital LLP - Form 8.3 - Kaz Minerals Plc
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01/07FORM 8.3 - THE VANGUARD GROUP, INC. : KAZ Minerals plc
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More news
Financials (USD)
Sales 2020 2 224 M - -
Net income 2020 551 M - -
Net Debt 2020 2 695 M - -
P/E ratio 2020 8,73x
Yield 2020 0,91%
Capitalization 4 850 M 4 842 M -
EV / Sales 2020 3,39x
EV / Sales 2021 2,84x
Nbr of Employees 16 000
Free-Float 69,0%
Chart KAZ MINERALS PLC
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KAZ Minerals PLC Technical Analysis Chart | MarketScreener
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Technical analysis trends KAZ MINERALS PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 9,37 $
Last Close Price 10,27 $
Spread / Highest target 22,1%
Spread / Average Target -8,74%
Spread / Lowest Target -35,1%
EPS Revisions
Managers and Directors
NameTitle
Andrew Southam Chief Executive Officer & Executive Director
Vladimir Sergeivich Kim President & Non-Executive Director
Oleg Novachuk Chairman
John Paul Simeon Hadfield Chief Financial Officer
Charles Hugh Easton Watson Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
KAZ MINERALS PLC13.82%4 842
ANTOFAGASTA PLC6.49%20 630
FIRST QUANTUM MINERALS LTD.5.86%12 879
KGHM POLSKA MIEDZ S.A.8.28%10 578
JIANGXI COPPER COMPANY LIMITED24.14%9 469
VEDANTA LIMITED7.62%8 818