Centamin Share Discussion Threads

[jimbowen30] 01/11/2016 11:13

Nice move up in gold. Centamin is very well positioned to benefit...

Trump FTW!!

[sawadee3] 01/11/2016 10:26

Looking great chaps :-)

[undervaluedassets] 01/11/2016 08:23

yup

From yesterday's results we learn that turnover and profits will be approx 2/3rds that of Randgold this year

A market cap which is 2/3rd's that of RRS would give a share price of £3.86 approx (based on yesterday's closing prices/ capitalisations).

There are lots of other factors to consider but on a profitability and turnover basis alone CEY is undervalued compared to peers

[weemonkey] 31/10/2016 16:29

Was a small player on the gold scene with a relatively small price and valuation..

Now a big player on the gold scene yet still has a relatively small price and valuation

Something will change

[trentendboy] 31/10/2016 15:45

The key is the low total cost of recovery relative to the current price - license to print money.

This is a world class resource.

Dividend yield also worth buying in for given the low PE we are moving towards

[phillis] 31/10/2016 15:30

some pi on this mornings phone in wanted a translation of the Chairman's tv appearance in Egypt
would you Adam and Eve it!

[jimbowen30] 31/10/2016 14:33

CEY have $330m cash on the balance sheet and most of the big capex is done. Shares look like they want to move higher to me...

[blowitall] 31/10/2016 14:02

Couldn't have put it more succinctly underval!

[undervaluedassets] 31/10/2016 12:11

Think the americans will like these.

Fond of genuinely profitable gold miners.

RRS partly owes it's exalted price to Cramer on "mad money"

[juju44] 31/10/2016 10:42

Sell on the news brigade taking some profit. Irrelevant in the scheme of thigs

[weemonkey] 31/10/2016 10:27

Big results.

Set to go to single figure PE at full year down from a PE of 42. . and now beginning to approach RRS in terms of profitability.

Valuation obviously has some way to go to approach that of RRS.

The "it is better to travel than arrive brigade are selling today" my reaction to which is 'so what' ..

. .I find that all financial results - good or bad, (and these results were better than good) take a little bit of time to sink in. .

[blowitall] 31/10/2016 09:33

Results look good in line with what we have come to expect from this company, and with more return to shareholders. No real positive action on the price so I guess there is still concern over this never ending court case. I am still a believer and this company has served me well over many years.

[ukgeorge] 31/10/2016 09:31

This is the most important thing.

 Due to the significant cash generation from Sukari, profit sharing has commenced. The US$28.75 million advance has been recovered and a further distribution of profit share of US$6.67 million was made to EMRA in October.

[plasybryn] 31/10/2016 08:40

This is the bit I didn't like though:
"unfavourable to the Co."
You are probably right, just more noise.
If this is ever resolved in our favour, the share would surely readjust significantly.
Other than this, the results look solid as ever.

No final decision has been taken by the courts regarding the Diesel Fuel Oil case. During the quarter, the Egyptian State Commissioner's office produced a report containing non-binding recommendations for the Administrative Court in which the case is proceeding. The report's findings were unfavourable to the Company. The Company's legal advisers do not believe the report properly addresses the substantive merits of the Company's case and, as such, the Company continues to vigorously pursue its claim. The Company is preparing a response to the report which it will submit at the next hearing in the case.

[juju44] 31/10/2016 08:29

No change there . It will never happen

[plasybryn] 31/10/2016 08:28

Court case news puts a dampener on things. Can't believe it.

[charles clore] 31/10/2016 08:27

Waiting to press the sell button?

[juju44] 31/10/2016 08:12

Excellent results and update . Where is everyone

[a5wab] 28/10/2016 19:12

Gold on the move up!!

[puntogt] 27/10/2016 21:12

That was good thanks for the Vid post

[weemonkey] 27/10/2016 13:16

hxxp://www.denvergoldforum.org/dgf16/company-webcast/CEY:LN/

For those that are unfamiliar the above is essential viewing

The man hates public speaking clearly (which I kind of like - engendering a feeling of trust); notwithstanding he sets out a compelling case for investment .

What is crystal clear is that this is not a 'jam tomorrow' operation. This is firing on all cylinders now; And investors are set to benefit with healthy dividend streams going forwards.

As far as this had already come - a substantial re-rating is on the cards at some stage surely.

[overeager] 26/10/2016 20:39

Evening all.
I've spent quite some time reading though the company presentations as well as previous results. It does look to me like there's a fair amount of up side from here.

All the company forecasts are ( rightly) on the conservative side given actual production rates being achieved and it would seem to me that full year results ahead of the guidance of 520-540k oz are likely. Q3 ytd was 414k oz, and q4 should be 140k, making 554k in total.

I'm guessing that current cash and equivalents stand at about £300m, so with a market cap of £1.8b, enterprise value is at £1.5b.

Assuming profit of £200m (I think they will beat this), you're left with a p/e of 7.5. I'm sorry but that's far too low given the very likely resource increases we can expect in the next 6 months.

I can see this re-rating to £2+ based on fundamentals alone.

Anyone able to comment on my assumptions?

[undervaluedassets] 26/10/2016 14:18

world class gold deposit ...

But not world class valuation for this stock