Centamin Share Discussion Threads

[charles clore] 07/9/2018 11:22

It will never get that low. imho the sell off will be short lived.

[1corrado] 07/9/2018 09:55

How is that possible for such poor share price ...............

[tsmith2] 07/9/2018 09:50

If 90p goes 82p and 60p supports

[edjge2] 07/9/2018 09:05

Will keep adding as cash gets to me but jobs number may do some dollar massage today. Knife cuts deeper?

[1corrado] 07/9/2018 07:24

and not do I with 102.5p and with 60.000 share fully paid.

[haughtonhoney] 06/9/2018 18:58

Well I average 109p and I am not going anywhere.

[ken tennis] 06/9/2018 17:44

Rebess4 Thank you for your reply.

I totally agree the divi that has been paid from CEY since they started
only amounts to around 27p as you say this is nothing to what the share price has fallen too from its highs and has wiped this out 3 times over.

In my previous post I wasn't specifically talking about living off the divi from CEY but from a very diversified portfolio covering 18 companies at the moment.
Im not in this very heavy and have only bought 19000 shares recently and am hoping for some capital gain over the next 6 months to a year so if I pick up the divi along the way I take it as a small bonus.
I also have my eye on starting a position in SLA but at the right time.

By the way I do feel sorry for the people that are locked in at a high price and would never mock anybody that's losing money as I have been there before, I think most people on here that have been buying and selling for long enough have also had to make sacrifices that has hurt them.
Anyway enough of my drivel.
ATB to all Ken

[edjge2] 06/9/2018 14:39

CC its sure to eventually. Move may catch out the market.
Just wonder if my next investment can be made below 93.5p. Next cash end of this month but there are one or two non Pm orgs in case plus pot stocks.

[charles clore] 06/9/2018 13:22

Go on girl get up there!

[edjge2] 06/9/2018 13:20

ifthecapfits someone has to dispel the utter uuggh with Pms and CEY, it may not be that bad. Gold will turn and shorters bounce will be violent.
Have a look at yank Gary, especially "Dollar bounce as promised"

May cause a smiley, perhaps dollar approaching its last legs and assume FOMC decision is coming though most likely a rate hike already price adjusted.
Price plot looks a bit like capitulation. Not going bust CEY?

[ifthecapfits] 06/9/2018 10:53

I like your optimism!

[edjge2] 06/9/2018 10:52

Well tiger gold showing awakening, 1200+ reacting dollar roll over to come so caught some birds in my had with my dosh, may just have to wait some more. Easily double by christmas this year.

[stevedaytrader] 06/9/2018 09:41

Interesting article on Bullionvault- they aren't like others eg kitco and tend to say it how it is and not hype gold... this was written BEFORE the gold price increases today (Wednesday, 9/05/2018 14:15).

"I'm not looking for the emerging-markets cycle to turn until we get close to the end of the [US] Fed's tightening cycle," says Marc Chandler, head of currency strategy at financial services firm Brown Brothers Harriman in New York.

"Emerging markets are needing to import capital for current account and budget deficits. It's hard to imagine how they're going to compete with the US for the world's savings."

Current betting on this month's Federal Reserve rates decision puts 99.8% odds on a hike, with more than half of all bets on next June's Fed meeting now expecting a further hike by mid-2019.

"People are [also] now looking beyond idiosyncratic issues [in emerging markets] and more generally at spillover and contagion," the Financial Times quotes one analyst, pointing to how last month's sell-offs in Turkey and Argentina are spreading, hitting Indonesia on Wednesday and pulling the MSCI developing-market share index down 1.4% for the day and 4.4% lower from a week ago.

Measured on a simple unweighted index against the US Dollar, the currencies of Brazil, Russia, India, China and South Africa – christened the BRICS by then-Goldman Sachs economist Jim O'Neill in 2001 – are now trading just above the multi-year lows hit as the Federal Reserve began raising its interest rate from 0% at the end of 2015.



"On balance," says the latest weekly analysis from specialists Metals Focus, "while a stronger Dollar may act as a headwind for gold, we still believe that the economic backdrop will eventually become supportive of higher gold prices.

"A notable decline in emerging markets could lead to spill over effects on industrialised markets, at a time when trade tensions are already raising concerns about global growth.

"In particular, as US GDP growth starts to slow, this should see US equities lose momentum and trigger some rotation towards gold."

High-net worth investors in Asia should be looking to increase their personal holdings of gold according to nearly two-thirds of financial advisors polled in the region by research firm Hubbis on behalf of brokerage INTL FC Stone.

Out of 174 private banks, family offices and wealth management advisers surveyed earlier this year, 62% recommend raising allocations to gold – perhaps to one-tenth or more of a portfolio – while 38% advise against it.

"Gold has sold off over the past few months as US Dollar interest rates have increased," the South China Morning Post quotes Chris Land, a senior associate in Hong Kong at financial advisory Holborn, "so there is more opportunity to buy.

"For clients who don't have an allocation of gold in their portfolios, now is time to increase that."

[rebess4] 06/9/2018 09:21

Hi ken tennis

Can't disagree with your thoughts, but on a factual basis, the fall in CEY share price has wiped out the cumulative of all of the dividends it has ever paid and some.

[stevedaytrader] 06/9/2018 09:17

Warranty- alas it doesn't work like, all have very different reasons. Goldies- 1)CEY down due to court case, very poor prod(biggest hit this year), and Egypt 2)RRS down due to terrible handling by the CEO of the minor issue of Congo(biggest hit this year) 3)HGM down on bad first quarter on prod. HGM recovered a fair bit in Q2 suggesting Q1 was not significant and are predicting meeting Y/E prod figures, Divi up 20% the other day, profit increase, so good news- press highlighted revs down a tad but anyone with half a brain could see this was due to the already released Q1 issues so factored into share price CEY and RRS have not had any good news all year so hit worse. This is on the background by a crazy strong dollar buoyed up by USA tax cuts and tarrifs, which has meant the USA internal companies spending loads, and the FED continuing with tightening policy eg higher rates, causing downward gold. Most of the rest of the have been unable to hike at the same rate due to poor economic reasons etc. BREXIT uncertainty not helping nor is higher oil. For my portfolio, I predicted a weakening dollar by now, but like many got it wrong, but this will happen in time. As a result gold will strengthen, at the moment the safehaven has been the dollar which has also exacerbated things. Increased gold price will occur once dollar weakens and the ETFs go back to this- all this will occur soon. I'm holding goldies for now- I short a lot but have got stuck with some CEY. It was a perfect storm for CEY, poor results, coupled with strengthening dollar, falling gold. This could reverse, but CEY MUST post some good news and demonstrate they have addressed the issues in the short and long term in their up and coming RNS. Day to day, the FTSE performance clearly has an impact too- which has been bad this week.

[1corrado] 06/9/2018 09:14

we have passed the 1200 let see how long it will take to pass the 100p.

[1corrado] 06/9/2018 08:34

Gold could go and pass 1200 that would help.

[cinquepercento] 06/9/2018 08:10

I see this coming up to 95 or so then continuing down but let's see what happens today.

[edjge2] 06/9/2018 07:56

Asti 500k not unreasonable as a solid financially boyand org, a bit near the middle eastern theatre of war to come. But hell at these sub 100p prices don't think anyone can lose with time. Really raked the depths for more cash not to miss.

[edjge2] 05/9/2018 21:37

I suspect 85p may be lowest but this knife squirts my blood.

[astjgroom] 05/9/2018 21:22

At 70p I will add too. But I have a huge amount, the lower it goes the more attractive it becomes. Have faith everyone, this worm will turn. I have 500k+ of them

[warranty] 05/9/2018 18:22

Lodgeview, I'm down a shed load on what are supposed to be blue chip, safe stocks as well as CEY. If the likes of CNA, SSE, Vod, IMB, SLA, BARC, NG and Lloy can drop as they have then why should this be any different? They will all recover and as long as they continue paying the dividend in the meantime I'm relishing the chance to buy at silly levels. The only decision is which to buy and when but there will certainly be plenty bargains to go at. Look at the bright side. ;-)