Centamin Share Discussion Threads

[borisjohnsonshair] 24/5/2019 16:01

What logic!!!

[astjgroom] 24/5/2019 15:25

Ramadán might affect

[bor491] 24/5/2019 15:00

'Q2 coming in less than Q1 and we'll be punished IMO.'

Why should it comes less than Q1?

Personally I closed my centamin position yesterday because I expected further pressure on the UK stock market with the Brexit uncertainty. If the wider UK market fell sharply this could drag down Centamin a bit with it in the short-term.

[zcaprd7] 24/5/2019 14:58

https://mosaicmagazine.com/picks/israel-zionism/2019/05/what-egypts-withdrawal-from-the-arab-nato-signifies-for-u-s-strategy/

[rebess4] 24/5/2019 14:16

Hi UKGeorge

Yep, arithmetic always works on paper, the problem we have is market-sentiment. Q2 coming in less than Q1 and we'll be punished IMO. - Something seems to be afoot today. It seems as though Centamin is being singled-out for a pasting. - What can it be I'm wondering. - Has there been leaks of forthcoming bad-news? - We're taking a substantial hit whatever it is.

[trader365] 24/5/2019 13:21

18th July

hxxps://www.centamin.com/investors/financial-calendar/2019

[bor491] 24/5/2019 13:13

so when is the next market update?

[ukgeorge] 24/5/2019 12:44

If we are going to hit 520koz, Q2 on same assumptions would need to be 118koz

[ukgeorge] 24/5/2019 12:37

Rebess I disagree, reason is below.

as of Q1 results

"annual guidance for 2019: gold production of 490,000 - 520,000"

"A stronger second half for the year is forecast, delivering approximately 55% of the annual production guidance during H2 2019."

Mid guidance is 505koz
55% of 505 is 277.5koz

505-277.5koz = 227.5koz So for H1 the mid target is 227.5

Q1 results 116koz

So guidance for Q2 is production to be 110koz

Anything higher than that is beating guidance imo

[stevedaytrader] 24/5/2019 05:44

Agree Rebess, management changes in Jan gave me more confidence. Fingers crossed as always.

[rebess4] 23/5/2019 16:49

Hi steveday

Q2 needs to exceed Q1 production in order to maintain guidance strategy. A few ounces'll do. - If it falls below, no doubt we'll be in for a good-hiding again but at least it'll only be one thumping as opposed to two last year, prelims and results-day.

[stevedaytrader] 23/5/2019 16:01

Thanks Rebess. Not too long for wait- I normally day trade unless I get caught like here (with my avg of 94) and think a stock is unduly hit so hold for a few months- waiting for next set, last were good compared to previously, and should meet/marginally exceed at next set, I expect a jump to ~100. On balance, this one is worth the risk.

[plat hunter] 23/5/2019 14:23

Can't hold above 91.68.. Nothing is going to happen here until the Dollar tops out.

[borisjohnsonshair] 23/5/2019 13:51

Plat just told me that if we close above 180p it will be a breakout. Genius. Definitely rather have him on my pub quiz team than a fish. Maybe not a salmon but most fish and all plants.

[borisjohnsonshair] 23/5/2019 13:48

There we are.....you were correct.

[rebess4] 23/5/2019 13:34

Since Centamin are not now declaring prelims nor issuing Quarterly forecasting, we will be in the dark until early July when Q2 results will be announced. Meanwhile, since it is a legal requirement to do so, any set-back news will be reported via RNS. - So, until Q2 results in July, POG apart, the share price will be exposed only to bad-news should there be any. A consequence of the companies new-policy of maintaining silence.

[whitegold1] 23/5/2019 13:04

Thought we.d see a tick up given the general mkt malaise ...but no. Such is life.

[borisjohnsonshair] 23/5/2019 10:24

Ask Pract. He knows the date the time and the exact text.

[stevedaytrader] 23/5/2019 10:15

Anyone know for sure when the next of data is expected in rns? Cheers

[borisjohnsonshair] 23/5/2019 08:40

Plat - You must be breaking up for the summer soon. Excited?