Centamin Share Discussion Threads

[shayadfn] 25/5/2018 21:21

Davius, I stand corrected, I started trading in Jan 2013, after I got cash component from the sale of sbt ( gvc and Wmh bought sbt).

[chrismcglone] 25/5/2018 19:33

I’m good jimbowen30. very rarely post these days but still here and I watch the thread. Don’t ‘trade’ as much as I did when I was younger and my strategy is definitely more buy and hold for dividends. I’m almost a pensioner - although a young one I hasten to add :-). The risk appetite certainly shifts as the years go on.

Centamin will always have a sentimental pull (which is exactly what you shouldn’t do). My very early big stakes (gambles) allowed me to make life decisions I otherwise couldn’t have so I’ve no complaints. I’ve seen days like this more than once and I’m not convinced they’re going bust just yet.

I need to catch up with a couple of old regulars from a good few years ago. I hope they are all well.

[jimbowen30] 25/5/2018 19:06

chris! How are you? Good to hear you’re still holding CEY.

[chrismcglone] 25/5/2018 18:56

Haven’t added significantly to my holding for a long time. And I’ve been here since 7p. The drop is just too tempting. I certainly wouldn’t rule out a further decline between now and the next set of results. But I’m a long, long term holder so not overly concerned. Mr Market just doesn’t like anything that isn’t platinum plated and sparkles.

[shayadfn] 25/5/2018 17:01

Thing to note, I have been in this stock when it hit 35p, it went as low as 28p, I added every time it went down until I was holding 1.4million, I have since reduced that but now looking to add.

[ukgeorge] 25/5/2018 16:12

Did you read the rns.......

"The updated mine plan forecasts a weaker Q2 and strong Q3 and Q4 production profile."

That about sums it up

[astjgroom] 25/5/2018 16:11

Gosh I wish I shared your optimism, though I do think we will open higher n recover some. Bad news isn't initially ongoing, so there will be some consolidation and bargain buying.

[mattcookson] 25/5/2018 16:09

I don’t agree with you UKGeorge - IMO based on the production numbers posted by CEY today and rising gold price, Q2 results will be good. Watch the space, these will be back at 160 over the coming weeks. Solid buy!!

[mattcookson] 25/5/2018 16:06

Investec maintains CEY BUY rating!
HUGE support at 130. This will recover well over the coming days.

[ukgeorge] 25/5/2018 16:02

well if 130p doesn't hold next stop is 116p. I am holding tight and think they will bounce. But, we can now expect q2 results to be pretty dreadful so likely little good news until october and q3 results.

Gold prices could be an external help though

[astjgroom] 25/5/2018 15:56

Gawd, may have to eat my words. Oversold imho

[the juggler] 25/5/2018 15:42

Totally oversold! Hopefully sense will return next week.

[dmitribollokov] 25/5/2018 15:22

Massive overreaction

[chesty1] 25/5/2018 14:55

Market does not like this rns at all!!!

[mattcookson] 25/5/2018 12:46

25/05 - Investec maintained its “buy” recommendation on Centamin, citing the miner’s resilient balance sheet, good shareholder returns, and long-life production base.

Even if the production is going to fall slightly, with gold price at all time high it will maintain the revenue at the last year level if not surpass it. share price will recover back to normal levels over the coming days. Perfect time to snap this on the cheap.

[oregano] 25/5/2018 12:05

On the broker discussion, HL is problematic dealing in smallcap shares. If you place a limit order, and the price reaches your limit, but not in adequate size to fill your order, the order is cancelled.

It should either partially fill, or stay alive and execute when sufficient volume is available.

HL are also expensive, both to trade and to hold shares, compared to Barclays. I moved my SIPP there and slightly regret it.

Thanks for the tip on IWeb, they seem very cheap, i might investigate. Has anyone else used them?

I bought some CEY this morning. No downgrades to next years numbers, so hopefully should recover.

[mattcookson] 25/5/2018 12:02

Damn, you never have the cash when you need it. waiting for some divi payments to come through this afternoon, so that I can top up and buy a few more. It's on its way back up now, high time to pick these up on the cheap while you can. SOLID BUY!

[eke] 25/5/2018 11:41

Ill go for 1.45 today...Good game...good game!

[astjgroom] 25/5/2018 11:33

Perhaps Tuesday! :-)))

[astjgroom] 25/5/2018 11:31

1.45 tomorow, mark my words.

[ifthecapfits] 25/5/2018 11:08

AJBell are pretty good. Never had any issues.

[calahan] 25/5/2018 10:58

^^^ rrr - In hindsight my biggest regret was not leaving them a lot sooner (as I'd been unhappy with them for years but never did anything about it until their new fee structure forced me to move). Barclays are far and away the worst broker (and bank actually) I've ever had the misfortune to use, but free and clear of them completely now. Thankfully!

[davius] 25/5/2018 10:57

Whilst I'm sure that this came as a bit of a shock, surely better that they announce the issues as soon as possible, rather than us bemoaning how they failed to update, when the next quarter numbers disappoint.

Also, I read a comment about how production targets fell, yet production costs per gram also rose significantly. Well der. Costs are relatively fixed, so if target production falls then all in costs in particular will rise proportionately. Conversely if yearly production exceeds the new guidance, which would not surprise me, costs will be lower.

This has been a cornerstone of my portfolio for a while now. I felt I'd gone slightly light, so this morning sold some PSN in my ISA to buy more CEY, and also have taken a couple of T20s in my trading account, which I may well hang on to.

[fangorn2] 25/5/2018 10:57

Only downside with HL is you cant hold Aussie stocks in your ISA - otherwise I'd have transferred from TD when it switched over to Interactive Investors..

HL first class otherwise.