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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Centamin | CEY | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 146.00 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 146.00 | 146.00 |
| Industry Sector |
|---|
| MINING |
| Top Posts |
|---|
Posted at 28/10/2024 10:19 by larry laffer CinqAngloGold don’t trade on the LSE. if you want to invest in them you will need to check your broker can deal in USA stocks and you should complete a W-8EN form (amongst others). There is an epic code (LSE:0HFY) listed on LSE but it has no activity associated with it. It appears dormant. AngloGold did a number of years ago publish documents saying they were listed on the LSE. It could be a throwback to those days. Whether to invest or not is down to your own risk profile for stocks and the likely hood of a return on the investment. If the USA price (epic NYSE:AU) drops to about $25 or lower, not likely at this gold price, then they maybe worth a punt. But as I have said regularly they are not without a number of issues in their operations. Withholding tax is also an issue for UK investors. |
Posted at 17/10/2024 13:07 by stevedaytrader It's not another bidder.Of course CEY rose on these results, as they are, part of Anglo now so Anglo will rise- these 2 are now linked. Anglo got a great deal without having to pay any premium if you look at the rises of other PMs since the deal was announced- eg Hochs have increased even more than CEY without any takeover- based of the economic indicators and gold price. So you could argue that CEY would have risen to it's current share price or maybe even higher without any bid announced. This is why so many retail investors are upset that the price paid is too low. |
Posted at 17/10/2024 08:55 by larry laffer legg96Why am I not surprised, but I don’t see anyway that it can be resolved. from a retail investors perspective there’s something very odd about the offer and the timing of it. Not from Anglo’s point of view, that’s pretty opportunistic, but solely from Centamin’s angle. I looked back through the 4 previous quarter results and Centamin certainly has had its fair share of “luck” in each quarter. 🙄 |
Posted at 16/10/2024 12:09 by undervaluedassets so what do we do? hang around or sell?Depends on what we think the fortunes of Anglo Ashanti are going to be I guess. Must say I think that they have got the value now and investors have been bought out for a few pieces of silver. |
Posted at 11/10/2024 16:58 by larry laffer beeezzz"it's just a token gesture...makes no difference to outcome.." Just consider this There are about 20 declarations everyday by entities that have over 1% of Centamin. If all 20 vote for the motion in the court meeting we only need 20 retail investors to vote against and their votes are negated. There are obviously some holders with less than 1% who dont have to declare so its not possible to work out how many retail NO votes are needed to make the resolution fail. I would suggest anyone who doesnt want the offer to go through should make sure they cast their votes accordingly and hope for the best outcome. There are lots of people moaning about "city boys" ripping them off now the country bumpkins have a chance to stop that happening. |
Posted at 11/10/2024 12:01 by rose_by_another_name If enough of the underlying investors under a nominee voteno, then the nominee must also be counted as a no, surely. |
Posted at 10/10/2024 19:46 by sotolo The majority of Cey shares are held by large institutional investors, small investors hold a relatively small percentage of the company’s shares. It is the large investors who will decide (have decided) this bid, not us. They are likely keen to get around 20% above the price before the bid, and the market is saying they will support the bid that will go through. |
Posted at 13/9/2024 15:25 by larry laffer SotoloIf I'm invested in Centamin instead of HOC/FRES etc its because i believe that overall Centamin will ultimately result in more disposable for me. Otherwise I would be invested in the alternatives. I can accept its a constantly moving situation and if the benefits are marginal then I could switch out to the alternative gold miner at any time. Whatever you/I choose it all comes down to your research and tolerance of risk associted with each of the companies. We all have different profiles in that respect. Whatever your choice best of luck in your investment. For me I think Centamin is significantly de-risked and will be even more so when doropo is a production mine and the local egyptian exploration areas start to contribute in a meaningful way. I'm disappointed Horgan et al have reccomended the offer. I'd like to think he acted in the best interest of investors but I'm not convinced. Institutional Investors take a short term view of an investment so as soon as they see a few quid they are off. |
Posted at 01/9/2024 06:03 by foreverbull Will Gold's Tailwinds Be Enough to Overcome September Curse?Jacob ReidSat, 31 Aug 2024 at 10:00 AM BST2-min read(Bloomberg) -- Gold investors returning from their summer holidays will be eager to see whether the precious metal can sustain its record-breaking rally, or if it will succumb to the curse of September.Bullion has dropped every September since 2017. Over that period, the average decline has been 3.2% in September easily the worst month of the year, and far below the monthly average gain of 1%.It's a phenomenon that's perplexed economists who believe markets should behave more efficiently, and it isn't limited to gold: September is also commonly the worst month for US stocks, with average declines of more than 1.5% in the S&P 500 over the past decade.The dynamic is far from reliable - gold has actually risen in September over a three-decade horizon - but one explanation for the recent weakness is that traders are buying bullion to take a defensive position over the increasingly turbulent summer months, before selling on their return to the office in September."Before you go on vacation and get away from your screens, you want to hedge the risk that you have in the market, and one way you can do that is to buy gold," said Boris Mikanikrezai, an analyst at FastMarkets.Academic |
Posted at 15/4/2024 19:41 by redbaron10 One has to appreciate shares like CEY (being foreign and not subject to stamp duty on trades) have a revolving door of investors who trade in and out of the share quite readily.You only need to read this chat forum to see the popularity of trading in and out of CEY.If less individual investors and institutional investors have inventory of shares of CEY in their portfolios, and aren't long term holders, then share price volatility is to be expected.And to be fair this share has had its fair share of bad news, false dawns and disappointments over the years so you can hardly blame traders profiting on that.I've lost count of the number of notifications of major share holding increases and decreases over the years.That tells you a lot. |
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