Centamin Share Discussion Threads

[yorgi] 29/6/2017 21:40

Mattboxy they weren't answers to anything to do with CEY but posts by a troll attacking me with an old false story. Nothing to do with CEY at all.

[mattboxy] 29/6/2017 21:32

Not sure what the answers were but I guess they weren't very helpful!

[mattboxy] 29/6/2017 19:40

Why so much downward pressure lately gold price seems relatively stable?

[shayadfn] 29/6/2017 19:03

As the companies US dollars it would have benefited from the initial devaluation, now the affect of fuel price in the local currency would be neutral.

[jfishy55] 28/6/2017 23:01

Div policy:
Was 15 to 30% of free cash flow.
This was changed to 30%+ of FCF just before the final dividend.
The actual final dividend was 70% of FCF.

I would expect the dividend to be maintained at around that level unless opportunities to invest in other prospects arise / cash is needed for existing prospects such as nearby workings once the CC is over or if needed in Burkina Faso etc.

The most significant factor to affect FCF is the POG. Not so much profit share which has been in place for some time. I believe it started at 40% and is due to rise to 50%. I suspect we are now at 45% but I don't have the p/s figures to hand, perhaps someone else can supply them?

[sparkle_and_fizzz] 28/6/2017 22:31

Thanks to Siko from the Lse site

542kg shipped this week the largest cey weekly ever!!

hxxps://www.elbalad.news/2824461

[conundrum] 28/6/2017 20:10

Looking on another web site at historic data, there were 2 dividend payments in the last year 2c & 13.5c total 15.5c

Note this is c which is less than p.

Last years dividend payment was not typical it was significantly greater than previous years e.g. the year before was 0.97c & 1.97c = 2.94c.

From memory, apologies if not quite right, I am sure someone has the actual details,
CEY stated in future they will distribute a % of free cash flow, which on face value should lead to more high divi payout years, but against this they now have the profit sharing arrangements with the government kicking in. So I haven't yet worked out what the overall effect may be for future divi's

[juju44] 28/6/2017 16:58

If divi is maintained. If so then share price should at least double