Centamin Share Discussion Threads

[dt1010] 19/3/2019 15:22

50p ? 🤪

That values the mine and other assets at 25p with 25p’s worth of cash (£250m).

Er...limited intelligence?

[dt1o1o] 19/3/2019 14:55

heading to 50p

[dt1010] 19/3/2019 13:04

By quick selling I mean seeing the results and seeing the poor open and phoning the broker immediately and dumping the stock. Not thinking oh it will be ok. I’ll hold before watching it drop 38% from the high and then being a prisoner until maybe one day it recovers.

[ken tennis] 19/3/2019 12:55

Gary, yes I have been watching GVC waiting for it to stabilise after the big drop.
Cheers

[ken tennis] 19/3/2019 12:53

365 just mind your own business il post what I like filter me please

[borisjohnsonshair] 19/3/2019 12:47

Spot on play but you underestimate the cash / share. It's 25p ish. The drop in price is based on it losing money. It's a lovely company that's resolved or resolving its efficiency issues, whilst gold is higher. Also larger resource announcement plus diversification. Happy to stick with 400,000 of these babies and wait for 200p in 2-3 years. Any drops are welcome - I'd buy more. Communication is the best but look at they know their mining onions and financial performance is sound. Also nice to have a hedge related investment in this wacky world.

[shieldbug] 19/3/2019 12:46

DT1010 "Not selling fast enough" - this is really difficult for a long term holder where the instinct is to ride out the share price fall. If you are trading one or two stocks I would imagine you would need to be in the habit of selling and selling quickly. I am more for diversification and holding for the long term. I have no plans to develop the quick-to-sell habit.

[shieldbug] 19/3/2019 12:41

I bought CEY as a dividend paying portfolio hedge - current value does not affect the initial buying decision. The argument for a hedge, with unsustainable levels of national debt, is work in progress. The companies $250m cash holding equates to 12p/s, this and the companies very clear dividend policy makes the current price more palatable.

[dt1010] 19/3/2019 12:14

Well done for making the decision to sell Centamin. You have to follow your gut.

I hold a good few Nasdaq stocks. They have been extremely kind to me, though some of their valuations are obscene. They just keep going up though so I am not complaining!!

[cinquepercento] 19/3/2019 11:56

Shieldbug:thanks for your comments above: :-)

DT1010. Re:diversification: whatever works for you is great!

I tried diversification but found it like trying to juggle too many oranges in the air at one time.It is not for me.

I tried high risk aim shares and lost a lot of money.

I tried a few solid FT100 shares but I did not,do not.. have the patience for such slow share price movements and also lost money by selling too soon.

I have chased shares up, and chased them down,a bit like chasing a squirrel up and down various trees in the park,only more costly.

My next experiment was to buy good shares but sell them just before they recovered as I could not afford to have so much exposure.

I bought heavily into Petrofac, a good trading share and got burned twice when they suddenly used scaremongering news items such as fraud charges to collapse the price.

Third time lucky on Petrofac, "Gut Feeling" (Trader365) told me to dump half my shares for a £3k loss and buy back in when it dropped.
It dropped the very next day and I was happy to break even and recover all this years losses but no profit.

I like Centamin, but the 7 years chart history lead me to a "gut feeling"that there is a high risk of this dropping down below 80 pence,so I am out.
If I am wrong,too bad.

I have dumped Petrofac early again and will await the next collapse in the share price. :-)

To those of you who get it right and make useful profits on Centamin, I say,"Congratulations and well done,"

[dt1010] 19/3/2019 11:14

Diversification is key in shares. If you have 15 stocks and one craters like this then it doesn’t hurt really, or certainly not much. The mistake so many people make is trying to make a lot of money fast by owning one or two stocks they hope will soar. When something goes wrong and you don’t sell fast enough....

[shieldbug] 19/3/2019 11:04

Cinquepercento - Bravo. There is so much evidence that the future is profoundly unpredictable (shock horror) - especially in the price of gold, not to mention Middle East and North African politics and events. Gut feeling is essential when weighing up the complexity of world events on which the company depends for its fortune. No one even knows what the Fed will actually do this year. Good luck is often mistaken for skill until it is too late.

[garycook] 19/3/2019 10:32

Ken,Take a look at GVC.Great trading share and no Stamp Duty !

[trader365] 19/3/2019 10:22

Should that post be on the CAML thread?

This is the CEY discussion thread

[ken tennis] 19/3/2019 10:15

GARYCOOK I couldn’t resist with copper moving up so I just took another 8000 CAML for the pot.

It’s funny how it does that Copper up nicely and CAML down 2% so I think it’s a bargain.

I’m still holding my original 30k shares but have been in and out with them a few times I’m averaging 209
ATB ken

[dt1010] 19/3/2019 10:10

Plat I have done well through them on Nasdaq. But nowhere else.

[cinquepercento] 19/3/2019 10:08

Trader 365: re:gut feelings and boasting etc:

The other side of the coin,Trader 365 is that you have posters here who claim to be professionals, quote us impressive complicated formulas,rns's,company financials,political influences,market influences etc and still get it wrong.

So called "Gut Feelings", which you ridicule, are not always just pulled out of the air but are sometimes based on years of studying and trading a particular share like this one.

There is no need to attack anyone else,here,no matter how much you disagree with that person.

Just tell us what you would do here,how you deal with,trade this share and leave it at that.

Too many big egos here blocking intelligent thought.

[plat hunter] 19/3/2019 10:06

Do the opposite of Motley fool, they're truly awful.

[dt1010] 19/3/2019 10:02

Motley Fool say sell, and call this a falling knife.

Well I don’t agree. It’s not falling anymore is it?!

They were saying buy this before the results.

Show how much they ruddy know.

[cinquepercento] 19/3/2019 09:51

I see lots of verbal attacks here, so I might at well make myself a target as well.

I recently bought a small amount at 88.75 and sold it at 94 or so.

I am thinking that this could be going down to 80 or lower so I am out for now but watching it.

You can all point out that I was wrong,later, but give it a week or so first.

Congratulations in advance for all those who get it right,here, but do take any useful profits because it will drop again.

Best wishes, Cinquepercento.

[borisjohnsonshair] 19/3/2019 09:39

For sure - how many have you got? More than 100?

[grahamwales] 19/3/2019 09:36

80p anyone

[haughtonhoney] 19/3/2019 09:35

There is a lot of finger pushing going on amongst this thread...and little of it to do with CEY!

[kennyp52] 19/3/2019 09:33

I wonder if Juju44 finger pushed the sell button at 90p . Hmmmmm