Centamin Share Discussion Threads

[alangrifbang] 28/8/2019 15:45

The broker has upped it price to £1 30p,don't really understand what this means ,

[creditcrunchies] 28/8/2019 15:38

Not sure but we've hit the broker targets already unless they've revised them

[bag158s] 28/8/2019 13:23

CEY has now broken the resistance at 152.40 will head now to 162.00

[qs99] 28/8/2019 11:42

LOOKS like breakout again to me. Next stop £1.75? And then £2++

[a5wab] 28/8/2019 11:41

What's the share price going to be tomorrow £1.45 ish?

[creditcrunchies] 28/8/2019 10:25

That's the 150 target in the bag anybody know what the new targets are?

[larry laffer] 27/8/2019 22:09

Kenny52

Production target is like you say higher for H2. However I didn’t factor any increase in, other than that given in the fy expectation I.e 45:55 split. From memory I used 138k per quarter for q3 & q4. I am not able to look at my spreadsheet whilst tomorrow.

I didn’t assume any over production such as occurred in H1.

I did allow for 10k of gold shipped after q2 end, which should have gone into q2 numbers really.

I also assumed a gold price at the August average to continue to year end and not rise any further.

All in all I don’t think I am too far out at current levels and the prediction I made was on the conservative side. Q3 numbers should be enlightening.

[stevedaytrader] 27/8/2019 17:56

Ace day all- and all that gold getting sold at these prices :-).

[larry laffer] 27/8/2019 17:25

My spreadsheet indicates 6c divi based on only achieving plan in H2.

I used the London Fix price ( July & August ) July was an actual average and August was on trading days to date so it should be near enough in that respect.

I assumed they don’t beat plan in Q3 or Q4 so it should fairly easy.

They could hold a bit over in stock at yer end to dampen the rise.

Yes I know it’s illegal but they all do it when it suits them.

[kennyp52] 27/8/2019 17:22

I see on the premium board a calculation for H2 final dividend of 6/7c giving 10/11c for the year . At 0.81 GBP that's 8.1p / 8.91p or at 148 share price 5.5/6% . Nice but I do not 100% agree . Production target is higher in H2 , costs savings are being realised and AISC should be down . POG at this level is substantial to the bottom line . I would be surprise if the free cash dividend policy does not give at least 10c final . That is more like 7.7% with a full year of potentially high POG to follow possibly pushing 2020 full year dividend to 20c+ . Still a lot to go IMHO with this share price . If you want time frames then 150 now (almost closed at it) , 160 before next RNS . But time frames are not practical whilst Trump has access to Twitter .

[davius] 27/8/2019 14:16

On the basis of a stronger second half in terms of production, and the higher gold price, I estimated a second half dividend of up to 6C. My revised spreadsheet is now suggsting it could be as high as 7C if they gold price holds. That would suggest a yield of 6.2%, at 145p. Still good value.

[martinfrench] 27/8/2019 09:38

bit pointless everyone sticking price targets out there without time frames??!!

[kennyp52] 27/8/2019 09:05

£1.60 more likely now IMO .

[qs99] 27/8/2019 08:27

£1.50 here we come first stop

[kennyp52] 27/8/2019 08:27

Yes stevedaytrader .. POG rising on U.K. is bucking the recent trend ... expecting US to keep it going ??

[firtashia] 27/8/2019 08:22

With almost 1m shares already traded in the first 15 minutes since the bell, the strength of the volume hopefully will add support to the breakout.

[stevedaytrader] 27/8/2019 07:06

Lol on Trump. MartinFrench, am hoping for 150 and then the 4c euivalent GBP drop overnight on ex-divi. Gold still holding gains well and Kenny, gold is going up for once in the early UK time- fingers crossed!!!

[astjgroom] 26/8/2019 15:52

Trump giveth n trump taketh away

[martinfrench] 26/8/2019 11:59

Won't be 1.50 Q's, with going ex div Thursday might see 146

[kennyp52] 26/8/2019 10:53

up and down QS99 . Volatile .. just like Trump

[qs99] 26/8/2019 10:09

Roll on tomorrow. Gold ploughing ahead once more... should see CEY through £1.50 IMO.... likewise SHG and SRB and HUM my others should benefit... DYOR

[podgyted] 25/8/2019 23:28

Gold at $1,550 should help - let's see if it sticks.

[zangdook] 24/8/2019 17:45

He has gold-plated bathrooms.