Centamin Share Discussion Threads

[wallywoo] 01/11/2018 08:23

Personally think the only think that gets looked at here is the monthly production and cost of sale.Although important, the drilling results for Egypt and rest of Africa are important too, and these have been looking impressive for a while. I for one am expecting good news on reserves increase when they are announced at year end.

[kennyp52] 01/11/2018 08:13

Produced 117k , sold 107k got 20k in the locker to boost Q4 sales . So they also had 10k in the locker based on this at Q2 . Management playing a canny game by achieving best price and sacrificing some interim profits to achieve best year end result .if October is confirmed on track ; i.e. 145k in last quarter then next year’s figures are likely to put this share back on track . When this share rises I think it will be very quick and a lot of shorts will miss the opportunity

[creditcrunchies] 01/11/2018 08:11

only problem with CEY dividend is it's not fully covered it's earnings only cover 0.89 so they have to maintain it with cash. That is where the risk comes in on dividends because if they cut it investment funds pull out and the share price suffers. Saying that there are plenty of utility companies running huge debt piles maintaining divis - water companies, energy suppliers etc

[kennyp52] 01/11/2018 08:07

Financial Highlights(1,2,3,4)
Q3 2018 compared with Q2 2018
· Sukari Gold Mine ("Sukari") produced 117,720 ounces, a 27% improvement on the second quarter ("Q2") QoQ, resulting from month on month operational improvements in the open pit and underground;
· Gold sales of 106,798 ounces, a 9% increase QoQ. The increased difference between gold produced and gold sold is due to the timing of final month end gold pour and the gold shipment schedule; The 20,163 unsold ounces were sold at the next shipment, contributing to fourth quarter ("Q4") revenue

[juju44] 01/11/2018 07:59

Don't think this will set the world alight but future looking a bit better

[cinquepercento] 01/11/2018 07:45

Yes,RNS looks positive overall so I guess we will see a big rise this morning.

I am still out for now.

[garycook] 01/11/2018 02:26

Gold plus cash

Centamin, whose assets are in Egypt, is a stock I think is well worth considering. I reckon it’s good to have some exposure to gold in a diversified portfolio, as it can provide a bit of stability in times of trouble.

ETFS Physical Gold, which simply tracks the price of gold, less a small annual management charge, is one stock I’d be happy to buy today. However, Centamin offers something you don’t get from the metal itself. Those valuable cash dividends I mentioned earlier. I think this reward more than offsets the business risk and a share price that tends to be more volatile than the gold price, due to miners being largely a geared play on the metal.

In addition to its appealing dividend yield, I reckon Centamin’s price-to-earnings (P/E) ratio and price-to-earnings growth (PEG) ratio, based on earnings projections for 2019, are attractive at a current share price of around 100p. With 25% earnings growth forecast for the year, the P/E is an undemanding 12.7 and the PEG is 0.5, which is well to the ‘good value’ side of the PEG ‘fair value’ marker of one. As such, I’d be happy to buy this stock today.

[davius] 31/10/2018 23:53

II says 2nd November for results, not the 1st. I can't see why it would be good news, unless there's some forward projections or an update of performance through October offering something positive, as we already know third figures are poor.

And as to the chart, I don't see it as particularly relevant to a share which is rather more linked to the price of gold than anything else.

[kennyp52] 31/10/2018 22:19

It’s going up ... it’s going down .... it’s going up ... it’s going down ... it’s a share ! It seems to me there’s a few in here sold and looking to buy back in cheap?

[spacedust] 31/10/2018 13:30

That's cool Cinque. I was wondering if it was me or someone else you were referring to Coz i did state that I bought at 101p and have commented that I see the price heading towards 127p according to chart movements barring any nasty surprises.

Well we will find out tomorrow. I am expecting a big blue finish today

[cinquepercento] 31/10/2018 09:44

Spacedust: Appologies Spacedust:

My comments or questions are for Casual47;

re:nobody is honest about when they buy and suddenly start talking about 120 next week.

Is this something that I have done?

If so,please point out the post.

I recall mentioning to those here talking about a return to 150 or so that I would not be waiting for that and that 120 would be more realistic or words to that effect as Trent Boy has mentioned above.

120 would put a parallel course between resistance and support from around June in my opinion.

I recently bought more at 101 and then dumped them all yesterday as I suspect that this might go down to 90 or so again.

So far,it is up this morning but a drop to 90 on what I was holding would have wiped out my recent profits from buying at around 90 and then selling around 104, so I took a small loss and dumped them.

Best wishes,Cinquepercento.

[spacedust] 31/10/2018 09:35

Just look at the 5 yr chart yoyo between between a price range. It's the same with LAM

[trentendboy] 31/10/2018 09:22

£1.20 seems a reasonable short term target IMO

[casual47] 31/10/2018 09:04

The charts are useless. The anticipated 600-700k+ annual production at AISC of less than $780/oz is what will make this go up....

[spacedust] 31/10/2018 08:56

Long term this will go up to 150p to 200p. Just look at the charts

[casual47] 31/10/2018 08:30

Cinque -- that's a fair approach.

Though of course nobody who trades is honest about it when they buy and suddenly start talking of "Minimum £1.20 next week" etc....

Personally I don't believe calamity will happen so very happy to invest (and also trade) in mining shares.

[spacedust] 31/10/2018 08:29

Rns out tomorrow.

[cinquepercento] 31/10/2018 08:22

Action: re:support 90.5 and 86p.

Good,I will wait for the drop.

[action] 31/10/2018 08:15

Support 90.5p and 86p.

[cinquepercento] 31/10/2018 07:59

Casual47 :re:Miners are not safe investments:

This is why with companies like CEY, I just take meaningful profits and wait for a fall back.

Look at CEY now .

As JuJu44 has mentioned,it seems to be still on a downward trend overall.

[creditcrunchies] 31/10/2018 07:56

Centamin plc (LON:CEY) Is Trading At A 44.6% Discount

[creditcrunchies] 31/10/2018 07:48

trouble is spot Gold doesn't appreciate as much as miners, the spot Gold price is controlled (manipulated) by western banks as it doesn't reflect the true supply and demand value. If you invest in physical at 1200 even at the peak of massive global QE programs it didn't get higher than 1895. So the gain to hit its all time high is 50% whilst mining stocks for instance double or treble or more value. See example of one of the constituents of the HUI, Agnico Eagle Mines Limited in late 2005 they were valued at $14 per share then hit a peak of $83 when gold topped. Same period of gold spot $450 to the all time high of $1895 (Spot gold hit 4x in value) whilst Agnico Eagle Mines (6 x in value)

[casual47] 30/10/2018 23:16

Those investing in gold miners because they anticipate calamity are perhaps mistaken and ought to invest in actual gold instead.

There is too much that can go catastrophically wrong with miners in a calamitous world economy. E.g. a global crash could send Egypt completely over the edge and spark revolution, nationalisation, oil import issues, export issues, etc etc

Or UK banks can collapse endangering your shares held in nominee etc etc.

Miners are not safe investments. Investors tend to go to miners when they feel at ease enough with more risky shares. A global crash will see money pulled out of risky shares, including miners.

[astjgroom] 30/10/2018 22:56

Ur right, n I own thousands of gold shares, but I can't help thinking we should be wary of what we wish for