Centamin Share Discussion Threads

[ukgeorge] 05/4/2019 11:26

Plat hunter and Wallywoo please get a room together.

[ken tennis] 05/4/2019 11:26

Kennyp Good morning,

I been reading the comments on Gold dropping in the summer from Gary Glitter.
Well thing is this years different in the fact that the DXY is very high compared to other years so if it keeps moving up yes it will put pressure on gold but it keeps peaking around the 97 mark so if it drops off this will be good for gold.

Im still holding my CEY just worked out my average again after all the trades ive done its now down to 79.89 so think I will just hang tight with this one.

IAG is looking appealing with the massive earnings this year and a PE of just over 5.

By the way I missed the shoot up with GLEN so not in that at moment, cant win em all ay. LOL

[plat hunter] 05/4/2019 11:22

Wallywoo,

you stated that CEY pays out 100% of cashflow as a dividend that is incorrect.

The difference between cashflow and free cashflow is mere 537 million and is very importnant.

I'll post a link again to fill your knowledge gap. Hopefully the admin was just confused with the word FUNK and is not at all worried about factual posts being submitted here.

[plat hunter] 05/4/2019 11:17

Cashflow.. is how much cash from sales enters the company. Free cashflow is whats left, or also refereed to as (Earnings). The difference which you ask, is only a mere 537 million, so it is quite important.

Where the funk did you get that degree from, eBay?

Here's a useful link so that you may plug that knowledge gap.

[wallywoo] 05/4/2019 11:11

$600M is their sales revenue? $68M was the cash they generated? I did not say they paid out their whole sales revenue in divi's but their cash generated? whats your point?

[cinquepercento] 05/4/2019 11:11

JuJu44: Re: your triple bottom theory:

Next move on the charts looks 87 or so to me.

What do you think about this?

[plat hunter] 05/4/2019 11:09

Wallywoo, So what you're now actually saying is that you're first statement was incorrect and wholly false then.. Or is your world class degree leading you to believe that CEY paid out 600 million to shareholders last year?

[wallywoo] 05/4/2019 10:58

lol, I think my accounting degree just about manage it yes Plat, do you understand the difference between Sales revenue and cashflow?

[casual47] 05/4/2019 10:49

The solar thing seems a bit too long term and comparatively small scale to warrant much attention at this stage, imo. Especially in terms of impact on shareprice this year.

[plat hunter] 05/4/2019 10:42

Wallywoo,

Thank you for confirming my point with your copy and paste. You do understand the difference between cashflow & FREE cashflow though, right?

[ukgeorge] 05/4/2019 10:37

Hi Wally, I've not been there but I've heard Egypt is quite sunny :)

Hopefully the feasibility study will give us a good indication of how quick the payback is. I would think the process plant runs of oil generators as well so potentially long term could see more solar added. Also scope for the UG equipment to be electric.

But, if they want to maintain $250-300M cash they may have to reduce the dividend, fingers crossed costs come down this year as production increases.

[wallywoo] 05/4/2019 10:35

Plat from 2018 annual report:

In line with the Company’s sustainable
dividend policy, the Board of Directors
is pleased to propose a final dividend
for 2018 of 3.0 US cents per share, for
shareholder approval at the upcoming
annual general meeting (“AGM”).
The Board returned US$28.9 million to
shareholders as an interim dividend of
2.5 US cents per share. The proposed
total dividend of 5.5 US cents per
share, equal to US$63.5 million cash
dividend payout for 2018, is equivalent
to returning 100% of free cash flow
to shareholders.

[plat hunter] 05/4/2019 10:30

Wallywoo.

CEY DO NOT distribute all cashflow to shareholders, they distribute a proportion of earnings as directed by the dividend policy.

If they paid out over 600 million a year in divi's the share price story here would be very different. They would also go bust within 12 months

[wallywoo] 05/4/2019 10:26

UKG: I understand this will be an investment for solar power, ie, replacing oil with solar.

Have you ever been to this area of the red sea? It is a huge desert, rains maybe 5 days a year, sunny the rest. If solar power is not quick to pay back there, then it is of no value anywhere. Also good for the environment

with just under $300M in the bank and CEY having a policy of distributing all free cashflow to shareholders, I am not worried this will seriously reduce divis.

[dt1010] 05/4/2019 10:25

Nice language

[borisjohnsonshair] 05/4/2019 10:04

I don't casinos.

[borisjohnsonshair] 05/4/2019 10:03

Thanks - will do.

[plat hunter] 05/4/2019 09:54

JLP is an interesting read Kenny but i have to correct you, they're now generating earnings, not just revenue.Not a ramp as i never do but i would encourage others to read the JLP story, very altruistic too

[ukgeorge] 05/4/2019 09:50

If the solar plant does get the go ahead it may mean the dividend could get cut further. Which is a bit of a negative.

[kennyp52] 05/4/2019 09:40

If you like gambling Boris take a look at Jubilee Metals . Penny share on AIM but starting to produce revenues and 2019 accounts could be interesting .

[plat hunter] 05/4/2019 09:39

Clueless beyond words... "all on red, please"