Centamin Share Discussion Threads

[ukgeorge] 30/5/2018 09:00

I just had a top up at 125.8p :)

[mattcookson] 30/5/2018 09:00

CEY jumped up 7% this AM off the back of FTSE just recovering by .05%, imagine what will happen on a day when it fully recovers and is up by a 1 or 2% :). Fill up your boots while you can at this ridiculously low price and wait for the rise for the coming days. This was heavily oversold up until yesterday but tide has finally turned and share price will recover very well over the coming days/weeks, for the reasons I mentioned in my previous posts. Pardon the pun but this is a GOLD of a company :)). SOLID BUY!!

[trentendboy] 30/5/2018 08:49

Got to be a good entry price.Hmmmm. Also backed by a decent divi that should be maintained.With Italy effect I expect price of gold should stay strong

[edjge2] 30/5/2018 08:30

Could be DCB but I think the worm has turned glad I loaded yesterday. I'm sure management here who have been pretty good can fix if they invest but not experienced in fixing problems as run up from 40p has been pretty smooth.
They are a bit close to war arena but good links with USA, though at this price well worth the risk!
Thanks Juju rocketting a bit today. Perhaps helped by halting of decline FTSE 250

[juju44] 30/5/2018 08:27

Gap 160 t0 140 . Eventually will get filled.

[gymratt] 30/5/2018 08:26

That's a big olde gap to fill !! :@)

[wisteria2] 30/5/2018 08:24

Well I thought it was oversold at 131p! lol

[1corrado] 30/5/2018 07:33

perhap a blue to day as it has been very well overdone....................125p + at the close and 130p + by friday close.

[edjge2] 30/5/2018 07:30

Perhaps 5% down today but general markets may recover and it is an add despite brokers/croakers IMO. Wonder what I can sell. They have no debt so perhaps CEY can buy more machinery to move the dirt.
Juju wheren is the gap on this chart, maybe silly question but cannot see it.

[mattcookson] 30/5/2018 00:18

Centamin upgraded by Numis despite production woes
Share
10:30 29 May 2018
In a note to clients, the broker said despite the material downgrades, shares in the FTSE-250 gold miner “have been oversold as Sukari remains a low cost long life asset"
Molten gold
Numis added that production at Sukari “should move back up in 2019"
Centamin PLC (LON:CEY) has been upgraded by City broker Numis to ‘Buy’ from ‘Add’ despite recent production downgrades from its Sukari gold mine in Egypt.

In a note to clients, the broker said despite the material downgrades, shares in the FTSE 250 gold miner “have been oversold as Sukari remains a low cost long life asset and CEY retains a very strong balance sheet with US$426mln of cash and no debt at the end of Q1 [first quarter].”

[mattcookson] 30/5/2018 00:18

Stock market plunge is a buying opportunity: Analysts
Analysts say today's market declines are a buying opportunity in a few key sectors, including financials and technology.
"As long as you're patient and you put some money to work today, you will be better off," says David Sowerby, managing director at Ancora Advisors.
Sowerby says today's market movement is only temporary.
Kellie Ell | @KellieAutumnEll
Published 1 Hour Ago
CNBC.com
PLAY VIDEO
Put money to work here as Italy is not a major problem, says expert
David Sowerby, managing director at Ancora Advisors, told CNBC that today's market plunge is a buying opportunity.
"As long as you're patient and you put some money to work today, you will be better off, because I don't think it will be an event just like it wasn't ultimately with Greece, with Brexit and many points in between," Sowerby said Tuesday on "Power Lunch."
Both the stock market and the euro plunged on Tuesday over political concerns in Italy. The Dow Jones industrial average was down more than 450 points, or 1.8 percent. The S&P 500 was down 1.4 percent, and the tech-heavy Nasdaq composite declined by 0.7 percent.

[astjgroom] 29/5/2018 23:48

Now we (may) know the reason for the continued rout today. I like how Goldman say two years n Centamin says back in next quarter and not mentioning next year. Are Goldman total bstards or is there any truth in their lies

[master rsi] 29/5/2018 23:40

The TELEGRAPH - Market report: Centamin loses shine after downgrade - Tom Rees -29 MAY 2018 • 9:38PM

Centamin shares lost their shine after Wall Street analysts warned that stuttering production at the gold miner’s flagship Egyptian site could spill over into next year and delay other projects.

The FTSE 250 miner suffered its sharpest share price fall in five years on Friday after admitting that output from its Sukari gold mine would be up to 14pc lower than initially expected.

Goldman Sachs then piled on the pressure on Tuesday by slashing its earnings forecasts for the next two years. Arguing that Centamin will face “continued challenges” next year, its analysts cut earnings estimates for 2018 and 2019 by 21pc and 16pc respectively.

Not only will problems at Sukari persist into next year but production from Cleopatra, which Goldman had expected to start in 2019, “is likely to be delayed” as the miner attempts to wrest control of issues at its current operations, it argued.

Goldman’s warning of a “muddled” outlook in its downgrade to “neutral” dampened any hope of an immediate rebound from Friday’s 18pc slump, knocking Centamin a further 9.2p to 121.1p, a 17-month low.

[astjgroom] 29/5/2018 23:29

https://www.telegraph.co.uk/business/2018/05/29/market-reportcentamin-loses-shine-downgrade/

[rrr] 29/5/2018 19:58

Thanks Matt, makes sense.

[mattcookson] 29/5/2018 18:55

Centamin upgraded by Numis despite production woes
Share
10:30 29 May 2018
In a note to clients, the broker said despite the material downgrades, shares in the FTSE-250 gold miner “have been oversold as Sukari remains a low cost long life asset"
Molten gold
Numis added that production at Sukari “should move back up in 2019"
Centamin PLC (LON:CEY) has been upgraded by City broker Numis to ‘Buy’ from ‘Add’ despite recent production downgrades from its Sukari gold mine in Egypt.

In a note to clients, the broker said despite the material downgrades, shares in the FTSE 250 gold miner “have been oversold as Sukari remains a low cost long life asset and CEY retains a very strong balance sheet with US$426mln of cash and no debt at the end of Q1 [first quarter].”

[eggbaconandbubble] 29/5/2018 17:55

And an instant £4000 loss!

[ifthecapfits] 29/5/2018 16:56

about £50k's worth.

[mattcookson] 29/5/2018 16:54

Director Share Purchase
Tue 29 May 2018 11:32
RNS Number : 5398P
Centamin PLC
29 May 2018

For immediate release


29 May 2018

Centamin plc ("Centamin" or the "Company")

(LSE:CEY, TSX:CEE)

Director Share Purchase

Centamin announces that Mark Bankes, Non-Executive Director, purchased 40,000 ordinary shares in the Company today at a price of 130.367 pence per share. Following his purchase, Mr Bankes holds 190,000 ordinary shares in the Company.

[juju44] 29/5/2018 16:45

Canada not important . Only 66000 shares traded so far

[juju44] 29/5/2018 16:42

It is overdone but just might get even more overdone. Gap will be filled at some time in the future

[master rsi] 29/5/2018 16:41

TSX - Cad 2.10 -0.30 (-12.50 %)