Centamin Share Discussion Threads

[juju44] 15/11/2017 11:12

Beginning to look like new lows coming up

[juju44] 15/11/2017 08:40

wtf is wrong here

[jimbowen30] 14/11/2017 20:29

Tipped in Shares magazine as a 'cheap stock'. I have to agree!

Centamin (CEY) 140.5p
All the big spending on mine development has been completed at Centamin’s flagship project, meaning it should now have an attractive stream of cash to help fund handsome dividends.
The gold miner is forecast to pay 10.9c (8.2p) dividend in 2018 which equates to a 5.8% yield on the current share price.
Its Sukari project in Egypt is one of the top-quality gold mines in the world. It benefits from having high grades of gold, so costs are lower than many other miners.
In the third quarter of 2017 Centamin’s all-in costs were $732 per ounce of gold produced. It sold gold for an average price of $1,283 per ounce.
Rather than pay any taxes in Egypt, Centamin instead has a profit share agreement with the government, to whom it currently pays 40% of free cash flow after costs. That figure gradually rises to 50% by 2020.
Gold is produced via an open pit and underground at Sukari. Work is underway to develop a new underground section called Cleopatra which the miner is confident will become another source of production, thereby lifting group gold output and further boosting cash generation. Analysts think the shares are worth 180p based on the consensus view, implying nearly 30% upside over the next year. Add in the near-6% dividend yield and you’re potentially looking at tasty returns.

[juju44] 14/11/2017 16:50

always seems to die at the end of the day

[juju44] 14/11/2017 10:42

Techs here are supportive of a rise but it has some way to go to negate this downtrend

[sparkle_and_fizzz] 13/11/2017 18:45

thanks to Siko from lse

www.paresnews.com/egypt-news/amp/119231

hxxps://www.elbalad.news/3029918

539kg shipment arrived tonight at Cairo Airport from Al-Sukary.

[bookwormrobert] 10/11/2017 19:04

It really would be pretty stupid to short Centamin at the moment! Record production and more good news to come...

[mattboxy] 10/11/2017 13:21

FSA How's your short looking?

[fsawatcher] 10/11/2017 11:56

chart looks really ugly

not see such bearish chart for while

goin below 120p

someones knows sommat

middle east issues with egypt centre ???

last time egypt uprisin stuff cey woz 40p i fink

scary time

[juju44] 10/11/2017 07:53

Blackrock at it again

[qs99] 09/11/2017 11:44

GP moving up again....would be good to see it through $1,300 to give a great boost to the miners I hold CEY, HUM SHG etc!! GLA

[juju44] 09/11/2017 09:22

Can't figure what has gone wrong here although the whole PM arena is unwanted . Starting to look like another leg down about to arrive on the chart - if it doesnt spring off a double bottom now

[pedr2] 09/11/2017 09:00

Re Investor’s Site Visit:
Does anyone know if there is a site visit due or has there been one recently and is it open to PIs?
I had made preliminary enquiries with CEY a few years back about visiting but didn’t go further than that due to circumsatances at the time. If I’m correct I’d have had to make my own way to Marsa Alam (which is a tourist destination)?
Be interested to hear from anobody that has visited in the past.
Many thanks.
Ps interesting share price weakness recently - an opportunity to average down?

[barnesian] 08/11/2017 16:25

Just topped up (or averaged down depending how you look at it!).

Last six months momentum is obviously negative but underlying quality and value very positive.

Stockopedia has (ranked out of 100):
Quality 83
Value 85
Momentum 20
Stockrank 71

I'm tucking this one away and will have a look again in six months time.

[qs99] 08/11/2017 14:39

Gold Price moving nicely still, yet CEY drifts in the doldrums....

[mattboxy] 08/11/2017 14:35

Yes seems to be radio silence on that front!

[juju44] 08/11/2017 11:40

Nope , have heard nothing about site visit which is strange

[mattboxy] 08/11/2017 11:33

Juju Suits you sir!!;-)Have you seen anything from the investors site visit? Do u think it may be being held back prior to publication to allow some a low entry point?

[master rsi] 08/11/2017 11:12

re - double bottom

most times it looks like they are playing this game after yesterday's marked down

[juju44] 08/11/2017 08:30

Anyone for double bottom ?

[karam] 07/11/2017 17:00

Nice help today

[qs99] 06/11/2017 22:18

Gold price doing nicely as well today may help tomorrow IMO

[juju44] 06/11/2017 15:46

Good spot . I like fib supports

[master rsi] 06/11/2017 15:45

Time for the bounce!

Had a large drop for the last couple days after retracement from 150p and looks like it wants to bounce back from the lower point earlier this morning.
The year Fibonacci retracement was the maximum 78.6%.