Centamin Share Discussion Threads

[stevea171] 17/4/2019 15:12

CEY (sp 81.5p). Final dividend 3c. This will bring the 2018 total dividend to 5.5 US cents per ordinary shares, totalling US$63.5 million, which is equivalent to returning approximately 100% of free cash flow generated to shareholders.

AAZ (sp 81p). Gold, copper, silver miner. Final dividend 4c? (to be announced with FY results next month). Bringing the 2018 total dividend to 3c + 4c = 7c? which will be not greater than 25% of FCF.

Which company has a higher % dividend and a dividend that is more sustainable?
Further which company has had better growth in the past year and has better future growth potential?

[cinquepercento] 17/4/2019 15:06

Trader365

That sounds very impressive.
It seems that you are a professional trader.
I am still just reading the tea leaves and day trading Petrofac for a few crumbs.
Good luck to you,
Cinquepercento.

[edjge2] 17/4/2019 15:04

Looks like high 70s on the cards gasher some cash and I guess I'll wait and maybe get divi too!

[gaffer73] 17/4/2019 14:15

Divi was $63m, cash in bank was $322m after divi.

[plat hunter] 17/4/2019 13:57

It's only got cash in the bank if it doesn't pay a dividend.

Pretty much all of net profits goes out as a dividend, that can't and probably won't continue, with production and price where it is.

[juju44] 17/4/2019 13:52

Glad I ditched this when I did . Insiders always know in advance and act accordingly so results must be awful

[gaffer73] 17/4/2019 13:35

It's got to be a fact at some point though. Cash in the bank and no debt either.

[rebess4] 17/4/2019 13:35

Difficult for a take-over to take place with the overhang of the court-case in place. Impossible I would have thought from a legal perspective. - However, just for a bit of fun, let's suppose a take-over does materialise at say 80p and since the average premium paid on takeover is 40%, in this scenario we would receive 112p per share. - I should think the majority of shareholders would feel aggrieved at this. -

[plat hunter] 17/4/2019 13:15

Shortly Auson, have patience.

I sold at 154 have been watching it slide ever since.

[creditcrunchies] 17/4/2019 13:13

Peeps been saying that since 125 level but they focus a little too much on positives then ignore the rest, it's no turnaround high growth share it's a mediocre gold play in one region in Africa

[shieldbug] 17/4/2019 13:06

As Kenny pointed out there are only two days now until the Q1 results. So even if it does fall tomorrow there will only be two days of uncertainty. The price fall is partly weakening gold price but mainly uncertainty about Q1 production numbers.

[alangrifbang] 17/4/2019 12:47

It goes ex div after today,it's bound to fall,

[auson1] 17/4/2019 12:35

plat hunter,

When did it hit 80 ? Whats your buy in price here ?

[gaffer73] 17/4/2019 12:24

This has got to be a buy at these levels. Three year lows, gold around $1280 and hoping to get production back on track. What has really changed from when this was 160p???

[plat hunter] 17/4/2019 12:06

So when Kenny, Boris ect etc decided to attack me for saying this will hit 80p, I wonder if they'll now apologise for their narrow minded and childish reaction to an uncomfortable truth

[shieldbug] 17/4/2019 11:05

Venezuela selling gold.

[wallywoo] 17/4/2019 10:21

How about Endeavour Mining for 1, there are lots of others too Africa is hot continent for gold mining

[ukgeorge] 17/4/2019 10:17

Wallywoo, I hope you are right.

But the elephant in the room is Egypt and the perceived political risk this brings. I can't really think of a candidate to take them over. Most the mining companies that are big enough are based in the US or Australia and tend to have north american assets or Australia so little argument for synergies.

[bulltradept] 17/4/2019 10:16

I'll have a pint of what you are having.

[bulltradept] 17/4/2019 10:14

"UKGeorge
15 Apr '19 - 15:38 - 17426 of 17441


Well next stop likely around 67p. If we don't get a bounce.

Really can't help but think that something is being withheld from the general public."

Not sure I see it down there as you seem to do. From my reading of the chart, there is strong support at 72p, barring really really bad news..

[wallywoo] 17/4/2019 09:51

UKG, I personally think a takeover is highly likely! Why:

1) CEY is undervalued, assets in Africa where labour is cheap, and AISC low

2) The chairman has been selling shares for 5 years now, made his fortune and lost interest IMO, Other directors are just milking CEY and weak

3) Needs new enthusiasm to take to new stage.

4) The whole industry is looking for mergers now gold is getting much harder to find

Personally think this down run is attracting more interest as it continues, it will turn with a whosh!

[bulltradept] 17/4/2019 09:17

There has always been a bit of a cloud over the mgt of CEY I agree UKGeorge.

[kennyp52] 17/4/2019 09:15

Production announcement on 24th though shieldbug so only another 2 trading days with the bank holiday . IMO this is why the share price today is holding before Ex div as most people recognised decent production will bring confidence back to the share price . For those that need this rise now I hope that is the case . Otherwise hold and make it later in the year . Ukgeorge .. I totally agree and this is where Pardey is out of his depth . They know the production for Q1 and either way it would have been responsible to have RNS it sooner instead of allowing speculation to destabilise the share price