Centamin Share Discussion Threads

[borisjohnsonshair] 17/4/2019 07:39

Yes, agreed. Saddos. Very weird!

[plat hunter] 17/4/2019 06:59

Of course.Isn't that the key ingredient for success.. don't forget i sold here @ 154

[adg] 16/4/2019 23:58

Obsessed with his/her own self importance too
Sad really

[lukehold] 16/4/2019 23:35

Obsessed with this share a little?

[plat hunter] 16/4/2019 23:21

Sub 70pFuture dividends at risk here, if they can't fix the production issue

[plat hunter] 16/4/2019 22:13

Kenny you keep making assumptions that are laughable and miles off but atleast your consistent with thinking 136 here was good value.You're not particularly skilled at disseminating the written word, are you?

[jfishy55] 16/4/2019 22:01

FYI:

1) zangdook is correct about the ex-div dates
2) on the other thread it is noted that the profit share needs to be considered as it does not appear to be part of AISC
3) "Nice post, what price will you be able to get in at if production is on track"
I expect I will get in at todays closing price + the cost of the removed risk of missing guidance :-)
Which is what it's all about right - managed risk against reward?!

[casual47] 16/4/2019 21:58

The profit share is just for the Egyptian operation but since that's all that is generating money...

Don't know the detail for the other countries but no doubt the state will get their arm in one way or another. When you take into account various taxes etc (which CEY doesn't need to pay in Egypt) then it can be much of a muchness.....

[jfishy55] 16/4/2019 21:56

Thanks for the link casual, much appreciated :-)
Although I was in fact aware of the profit share but completely forgot about it...really not got considering the impact! The benefits of getting old eh, quite concerning :-(

[jfishy55] 16/4/2019 21:54

Re: Dates. I got confused by the last trading day being Thursday not Friday, so I thought the 18th was Friday.

Either way, I won't be buying without seeing the Q1 results anyway.

[casual47] 16/4/2019 21:52

Jfishy -- info on profit share agreement:

From 1st July 2020 onwards the profit share will be 50/50.

See footnote (3) on page 70 of the 2018 AR:

(3) Profit share commenced during the third quarter of 2016. The first two years was a 60:40 split of net production surplus to PGM and EMRA respectively. From 1 July 2018 this changed to a 55:45 split for the next two‑year period until 30 June 2020, after which all net production surpluses willbe split 50:50

[jfishy55] 16/4/2019 21:39

Thanks Casual,

From what I can see in the annual report:
1) royalties are included in AISC (p.78 AR)
2) Can't find any info on the profit share, so I think you may be correct on this one (and this is the biggest one so that needs to be factored in)
3) Agreed, $21m non-Egypt exploration costs need to be added in
4) I didn't consider the solar project as it is just being looked at & not given yet so it's hard to say what effect it will have and over what time period to become cost positive but it should certainly be considered.

Thanks :-)

[eeza] 16/4/2019 21:22

The only people who make money in metal shares are the Crims who control the metal price.

[eeza] 16/4/2019 21:18

Exactly.
The clue is hidden in clear view in the phrase EX div - i.e it trades WITHOUT the dividend on Thursday.

[jfishy55] 16/4/2019 21:13

Zang-dook - this is my info:
EX-DIV DATE: 18 April 2019
RECORD DATE: 23 April 2019

[plat hunter] 16/4/2019 20:19

*waiting for the bottom is not the same as calling the bottom.Always leave something in for the next man.

[plat hunter] 16/4/2019 20:18

Waiting for the bottom is not the same

[adg] 16/4/2019 19:43

Yes I will get my crystal balls out

I have been in shares for 30+ years and made/lost some hefty sums

One thing I am 100% certain of though is if anybody actually manages to call the “bottom” they are simply lucky.

No matter what anybody tries to dictate and calculate the bottom of an share price they are simply guessing - unless of course the share goes bust to zero!

[plat hunter] 16/4/2019 19:21

Who cares about the dividend here.. Market volitily cancels that gain out amd you'll only be buying i to the cash that will get stripped from the share price anway.Wait for the floor then buy

[zangdook] 16/4/2019 19:09

also: Thursday is ex-dividend therefore you have to hold at close of market on Wednesday, not Thursday, to get the dividend.

[zangdook] 16/4/2019 19:07

jfishy55 32048

"1) Thursday is ex-div day (if you hold at close on Thursday you are entitled to div)"

No. Thursday is ex-dividend day, so if you hold at close on Wednesday you are entitled. If you buy on Thursday it's too late.

[zangdook] 16/4/2019 19:04

adg 32047

ex-dividend is 18 April, not 24 April.