Centamin Share Discussion Threads

[wallywoo] 01/6/2018 12:46

just picked up a fair number this morning. Looks a good time to buy, quality company with plenty of cash just a short term hiccup with Q2 production. Can see this bouncing back strongly in 3 - 6 months with:

a) Short to medium term outlook for gold price is good
b) Production in Q3 and Q4 likely to be much higher with higher grades
c) Selling way over done IMO

[the juggler] 01/6/2018 12:44

Thank you flopticalcube.

[flopticalcube] 01/6/2018 10:48

It's from Motley Fool

[the juggler] 01/6/2018 10:42

Thanks garycook - where is this taken from please?

[garycook] 01/6/2018 10:35

Shares of FTSE 250 gold miner Centamin (LSE: CEY) fell heavily near the end of May after the Egypt-focused operator lowered production guidance for 2018. It also said costs will be higher than previously anticipated.

However, to me this looks very much a temporary setback for the miner’s low-cost, long-life asset. I expect production to head higher again in 2019.

The company, which has $425m cash on its balance sheet and no debt, is trading on a current-year forecast P/E of 14, with a prospective dividend yield of 4.5%. This looks highly attractive to my eye and I rate the stock a top buy for June.

[juju44] 01/6/2018 10:25

Tell them to look at the above chart

[mattcookson] 01/6/2018 00:23

British bulls now indicating CEY a buy. A closing bullish harami, indicating perfect time to enter into a long position.

[flopticalcube] 31/5/2018 20:31

Just FYI, seasonality is now against gold which usually falls in June. Summer low will occur any time within the next 8 weeks if gold does fall.

[flopticalcube] 31/5/2018 19:09

Gold falling into tomorrow's jobs report, as usual. Let's see if we get the usual rise after as well. A close in CEY above 130 tomorrow will not only confirm the harami but provide a weekly bullish hammer candle.

BritishBulls feel that the harami has already been confirmed and have issued a BUY recommendation. I would wait until 130p but hey, to each their own.

[1corrado] 31/5/2018 14:05

well all depend on today's close they need to close above 130p to day and we may see a close as high 134p but again the rise of tomorrow will depend on the close of to day.

[garycook] 31/5/2018 13:36

1c,Very good your predictions.I have purchased 26,600 shares in the last 2 days.How about tomorrow,s close?

[ukgeorge] 31/5/2018 13:36

what are the lotto numbers going to be? Should have a steady rise over the coming weeks imo.

[1corrado] 31/5/2018 13:30

anyone there 130p getting near one day before my prediction......................

[flopticalcube] 31/5/2018 09:02

I'm just spreading the news. All credit goes to Mr Tibbles who has been invested in CEY for many years and has worked tirelessly for shareholder interests. Feel free to join the lse board and thank him yourselves. It usually has some excellent discussion about the company on it. III board, on the other hand, seems to have dried up.

[skinny] 31/5/2018 09:01

Thanks Phil - I haven't come across the last one.

[stevedaytrader] 31/5/2018 08:58

Of course, forget all indicators- hey what do they show? Follow the triple salchow, doji.... this is the way to make money lol.

[jfishy55] 31/5/2018 08:54

Thanks for the LSE post floptical.

One of the things that attracts me to CEY is their ability to take a problem & not only fix it but ensure it doesn't happen again (remember the poly-steel liners & lifters?). By buying in a new drilling rig they minimise risk of 2 successive breakdowns affecting production again & may even result in increased production.

As an long term investor for the income, it seems to me that these sort of events provide an opportunity to top up. A temporary drop in production should result in a lower dividend this year but ultimately there's a lot of future news in the pipeline - CC, other drill sites (In Egypt & elsewhere) etc.

[flopticalcube] 31/5/2018 08:03

To complete the pattern we will need closing confirmation over the next few days. A close above 130p should do it. Any close below the previous low negates it.

[dmitribollokov] 31/5/2018 07:20

Master rsi, what are you on about - a harami is the pattern; it is old japanese for ‘pregnant̵7;. It is either bullish or bearish. This one as originally stated is bullish...

Anyway, gold looks to be supportive, should bounce well today.

[shayadfn] 31/5/2018 06:12

Thanks Flop, very informative.

[master rsi] 30/5/2018 23:52

No Harami, but a closing Bullish Harami

What is a 'Bullish Harami'?
A bullish harami is a candlestick chart pattern in which a large candlestick is followed by a smaller candlestick whose body is located within the vertical range of the larger body.
The bullish harami is a downtrend or bearish candlestick (red) engulfing a small bullish candlestick (green), giving a sign of a reversal of the downward trend. Since the bullish harami indicates the bearish trend may be reversing, it may be a good time to enter into a long position.

[edjge2] 30/5/2018 20:37

Skinny your chart posted above seems to contain an impressive W, lets hope.

[rrr] 30/5/2018 19:10

Thanks for the LSE post floptical.