Centamin Dividends - CEY

Centamin Dividends - CEY

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Centamin Plc CEY London Ordinary Share JE00B5TT1872 ORD NPV (DI)
  Price Change Price Change % Stock Price High Price Low Price Open Price Close Price Last Trade
  -0.80 -0.67% 118.55 120.05 115.25 120.00 119.35 16:35:20
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Industry Sector

Centamin CEY Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

bocase: Good to see CEY share price climbing even though gold is weak due to strong payroll figures. That tells me investors don't want to be out over the weekend with the chance of a rival or higher bid on Monday morning.
master rsi: Interesting for tomorrow Gold price has recovered a bit late on the day from the London close and Endevour share price also finished up for the day. Endeavour Mining Corp TSE: EDV 25.12 CAD +0.23 (0.92%)
iomhere: Two points. Nothing on here is going to affect the share price and punters (as opposed to buy-and-holds) are invariably too optimistic. Work our the odds and it's probably money in the bank or a gamble.
ukgeorge: The share price will probably pull back now haha
bocase: With CEY now trading above the offer price that tells us one thing. The market is expecting a higher bid and even while we are waiting, with gold rising and likely to continue then Endeavour's share price, hence the offer price will likely rise anyway since it is an all share offer.
bocase: The advantage of an all share deal is that Endeavour's share price could rise quite smartly if the price of gold rises as we expect it to in the next few months. The price we get will also rise with it, whereas a cash price would not change, therefore an all share deal is advantageous. There may also be counter bids from other parties of course, triggered by this move.
kennyp52: DT1010 ... your admission to trying to influence the share price with misleading comments is noted 🤥
scoble2: Centamin One way to play the gold price metal is to invest in London-listed gold miners such as Centamin (LSE: CEY), whose share price is up a blistering 75% in the past three months. The rising gold price has certainly helped, but the Egypt-focused miner’s also delivered a positive recent update, with production up, costs down and the outlook promising. Better still, the FTSE 250 miner boasts a “strong and flexible balance sheet with no debt, no hedging and cash and liquid assets of $326.6m.” It offers dividends as well as growth prospects, with the recent $46.2m interim bringing cumulative dividends to around $500m since 2014. The stock now offers a forecast yield of 3.8%. Unsurprisingly, given recent share price growth, it looks a little pricey, trading at 21.2 times forward earnings. However, it may justify that with City analysts predicting 17% earnings per share growth in 2019 and another 18% in 2020. Centamin looks well set, but growth also depends on factors beyond its control, primarily investor sentiment towards gold. The price has hit a six-year high, and it could struggle to press much higher from here. As ever, don’t go into this expecting another 75% growth in the next three months.
jfishy55: As I gear up towards buying CEY, here's some conservative (used lower guidance figures) numbers I've put together from the FY accounts. I'd be interested if anyone disagrees with the numbers or if I've missed anything / got anything wrong: Q1: 105,000oz, $950oz AISC, $1280oz avg gold price realised = $33.6m profit FY: 490,000oz, $950 AISC, $1280oz avg gold price realised = $161.7m profit Cash at start of year $322.3m (adjusted for 2018 final dividend of $34.6m = $287.7) Interim 2018 dividend cost $28.9m Final 2018 dividend cost $34.6m Total 2018 dividends cost $63.5m So it looks like Q1 alone will cover the H1 dividend & see an increase. With H2 production scheduled to be much higher than H1 CEY should pay a significantly higher final dividend. This implies a significant rise in the share price and also the yield. This is dependent on: 1) gold price 2) production being met I do have these concerns as well: 1) Thursday is ex-div day (if you hold at close on Thursday you are entitled to div) AND the last day of trading before Q1 results...and the price has been pretty soft leading up to it.. 2) Don't profit warnings come in 3s?! I think there have only been two? So I'm waiting until the Q1 results to confirm things are on track. If they are I'll be buying, if not, I won't :-) Unless anyone wants to convince me otherwise?
jfishy55: Plat, I see your made up nonsense and raise you company guidance, RNS figures & accounts! "Half the cash in the pot than this time last year" CEYs stated intention is to keep circa $300m in the pot - it has maintained this for a few years now. Sure, timing of payments from one day to the next could make a difference, however, there is always $300m in the pot (we can see this from the dividend being paid out of free cash-flow, not cash-flow). "Improvements in basket price have been non existence" Basket price? Non existence? Not sure what you mean...however, CEY is currently basing its guidance on $1250 oz gold and gold has been above that all year. "No debt YET but everyone knows cash flow no longer cover pipeline capex lower production" Nonsense! Revenue for 2018 was $603.2m, revenue is expected to increase this year. Capex was $96.8m - significantly less! Guidance is for lower capex this year, however, there may be capital projects such as solar farm to pay for. How about the dividend? It was 100% of *FREE* cash-flow. I have no idea where the share price will go short term but the fundamentals show that CEY is well positioned to weather a storm (and did indeed do this several times in 2018) whilst still turning a profit, paying dividend, not taking on debt & not issuing paper. If you can give some objective reasons as why this would not be the case then I would be most grateful as I would then want to sell but in the meantime I think I'll hold and top-up on the 6th :-)
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