Centamin Share Discussion Threads

[juju44] 26/2/2019 07:53

They have fallen through the 200 dma. Batten down the hatches

[sidarthur2] 26/2/2019 07:52

Under-promise and over-deliver is the name of the game - watch and learn...

[borisjohnsonshair] 26/2/2019 07:28

I'd agree with that but add that it's possible they go up then down or down then up and end even.

[leonidas] 26/2/2019 07:26

Well to day is the day will they go up or continue to go down...................for my sake and the sake of many of us I do hope to see a sign of improvement on share price that has been very much oversold...............

[kennyp52] 26/2/2019 07:05

Oversold ? Possible . I look most days at the fallers and the market at the moment in general seems to over react to bad news . If you are looking at quality companies then in general they bounce back a bit so hopefully for those that are suffering it could have been oversold . If not then hang it out ... this share will recover in time whether via new management or improved production they will hit the figures at some time in the near future and if they are being honest ( why would they not be as they just gave us lower forecast production for 2019 ) then there is some serious value in the future projects outside of Egypt . It might be an apportunty to load up and bring down your average price . The cash reserve ... I have no issue with this . Cash can be king in business and if it allows them to get the very best deals and the ability to move quickly and have the capital to get some more production underway then it would be a waste to pay it out in unsustainsble dividend levels . We need to spend on research and development of the other sites and getting them moving although it does seem to me they are holding back and will filter these in as the Sukari reserves start to dwindle to provide even continuity and use existing production teams and plant . The company has a dividend policy based on free cash , if you didn’t know about this then you need to do your homework ... this dividend , as commented in this thread , was always going to be pegged and broadly could be worked out from the production releases . Dividends likely to be in the region of 10c total for 2019 subject to hitting targets . POG rises then profit increases SUBSTANTIALLY . Times like this you need a CEO with energy and motivation ... this was hardly evident in the conference call and there is still no real explanation as to why we are not looking at 540k to 580k Oz with us supposedly having moved into higher grade in the latter part of 2018 - this is the main reason for the markets not liking the figures and hammering the share price ... the results were broadly already known . ATB to the sensible posters on here .. the rest of you can go whistle .

[borisjohnsonshair] 26/2/2019 06:50

This company has accumulated 300M quid, has increased output target for 2019 and the gold price is considerably higher than average for 2018. 2018 was challenge but all looks to play for in 2019......chill out everyone. Bargain time!

[borisjohnsonshair] 26/2/2019 03:14

Fixed agreement.

[zcaprd7] 26/2/2019 02:20

"...as per the Concession Agreement with Egyptian Minerals Resources Authority ("EMRA"), Centamin's state partners, which from July 2018 moved from a ratio of 60:40 to 55:45 (Centamin:EMRA); YTD EPS of 4.80 US cents..."So what stops another move to 50/50?

[cumnor] 26/2/2019 00:05

They messed up today-will not be forgiven for a while-70-75p is the price.

[creditcrunchies] 25/2/2019 23:56

Not me that's the media quoting analysts saying that. The problem I see here is you need to be very careful about dividend cuts to announce that out of the blue without ever hinting there would be a cut is amateur, in my mind they deserved what they got. This has screwed up my income pension fund, in fact I should have dumped all of my stock in hindsight as dividends are pretty important. Thankfully most other stocks have delivered and they have good cover for their dividends. The share price growth for me is a bonus

[laurence llewelyn binliner] 25/2/2019 23:17

Interesting price action in the closing auction.. 3 or 4M buys at 96p..
Hopefully a rebound in the morning after a rather oversold day.. :o)

[fenners66] 25/2/2019 23:16

I have to say I am wondering why the cash pile now.

I am coming around to the idea it is insurance for when they lose the court case.

However what chance that the company is being cute with their forecasts?


They have set the precedent of the dividend payable based upon free cash flow - but the more profit they make the greater cost in royalty payments now the rate has increased.

So ?

Sink as much cost as you can into profit whilst not parting with cash.
Result lower profit lower guidance lower "tax" but sustainable dividends ....

[leonidas] 25/2/2019 23:13

Based on the information in hand with their RNS has the share price been oversold and are we going to open up from to night close.I note that many don't think so but are they correct or the drop was not at all justified????,this is the key question.Any sensible view is appreciated.

[kennyp52] 25/2/2019 23:02

Creditcrunchies ... why are you talking about lower grade ... we were told 6 months ago we were moving to higher grade !

[kennyp52] 25/2/2019 23:00

So the 100,000 shares is really just 10 ?

[creditcrunchies] 25/2/2019 22:38

The consensus from analysts appear to be is that the dividend cut came out of the blue and forward earnings look soft with falls in production, lower grade ore and rising costs in extraction but could be worth accumulating at a discount. It looks like a long crawl up from here the management really well mismanaged the entire operation with the market. This could end up what we call a sucker stock

[dt1010] 25/2/2019 21:37

dt1010 is a cant125 Feb '19 - 21:34 - 30210 of 30210 (Filtered)

For the good of the board.

It’s meds time for you. By injection. Nighty night x

[dt1010] 25/2/2019 21:33

Wow! Behold, witness the flowering of insanity In public!

Someone ring Broadmoor lol

[dt1010] 25/2/2019 21:30

Haha no idea. I think he lost a fortune on Quindell when I was shorting it. A nut bar from the past with serious mental issues, bless. Definitely needs professional help poor soul.