Centamin Share Discussion Threads

[qs99] 13/9/2019 08:50

Presentation seems to be an own goal but still within guidance so don’t really get the 20% drop
Dyor

[cinquepercento] 13/9/2019 08:38

I will wait for 100 pence or less before considering getting in.

It seems, from what others here,have told me,that I need to pay more attention to Trump,Trade Wars,interest Rates and price of gold etc .

Some of you here,need to include profit taking,charts and Plat Hunter's beloved "Double Bottoms" in your calculations. Correction,double tops.

We need to see the whole picture, or at least,I do. :-)

[plat hunter] 12/9/2019 23:43

Gold is expensive on a macro level. Inflation has arrived and trade is merely paused.

People trading gold volatility will make money here, people investing will lose

[stevedaytrader] 12/9/2019 19:38

Lower in Q3 but within range, with no profit warning, many other positives in the presentation especially on costs. Time will tell as always, gold bouncing around and entertaining reading on the gold board with the leverage mob- some made some lost the usual story, only more fun that most days today. FED will be key as always as will what occurs with Mr Trump and his oriental friends/foes on trade :-).

[alangrifbang] 12/9/2019 18:54

My London broker rates centimin a sell the same as griffin mining and they rate lloyds bank 30p,a triple whammy ,what hope have we got!!

[plat hunter] 12/9/2019 17:08

Remember that 80% of retail investors lose money over the long term.

How many people have been saying buy here over how many have been saying to sell.

Never follow the crowd, they're faceless entities who don't know you or care.

[onedb1] 12/9/2019 15:32

Needs to find support as with gold rising CEY is perversely getting close to being oversold . I hope this is a simple retrace as I want to get in on this as soon as support is established . That gap at 160 after all needs closing

[scoble2] 12/9/2019 15:04

Centamin
One way to play the gold price metal is to invest in London-listed gold miners such as Centamin (LSE: CEY), whose share price is up a blistering 75% in the past three months. The rising gold price has certainly helped, but the Egypt-focused miner’s also delivered a positive recent update, with production up, costs down and the outlook promising.
Better still, the FTSE 250 miner boasts a “strong and flexible balance sheet with no debt, no hedging and cash and liquid assets of $326.6m.” It offers dividends as well as growth prospects, with the recent $46.2m interim bringing cumulative dividends to around $500m since 2014. The stock now offers a forecast yield of 3.8%.
Unsurprisingly, given recent share price growth, it looks a little pricey, trading at 21.2 times forward earnings. However, it may justify that with City analysts predicting 17% earnings per share growth in 2019 and another 18% in 2020.
Centamin looks well set, but growth also depends on factors beyond its control, primarily investor sentiment towards gold. The price has hit a six-year high, and it could struggle to press much higher from here. As ever, don’t go into this expecting another 75% growth in the next three months.

[scoble2] 12/9/2019 15:01

When investors get nervous, they rediscover their lust for gold. It doesn’t matter that the precious metal has no practical uses, it’s been a store of value for more than 4,000 years. And when the economy looks likely to tank, the gold rush is on.
The gold price is now up 5% in the last month, 26% over one year, and a blistering 497% measured over 20 years. If that has you licking your lips, a word of warning. Gold is not a low-risk investment.
Its price can swing dramatically. It works best as a portfolio diversifier, as its price tends to rise when stock markets generally fall. However, this means it’s worth having some exposure, especially in today’s uncertain times.

[ashwani01] 12/9/2019 14:52

Finding it hard to understand why price diving when Gold pushing up

[alangrifbang] 12/9/2019 14:40

In plain English ,gold rising centimin falling,we've been here too many times,

[onedb1] 12/9/2019 14:20

No such term . Death cross is 2 moving averages 50 and 200 no such thing as death cross share price and MA . Am a CMT so a TA professional

[grahamburn] 12/9/2019 13:56

wallywoo.... if you're a gold price bull, try this for size from yesterday's Business News in The Times:
______________________________

Gold price could climb ‘beyond $2,000 an ounce’
Patrick Hosking, Financial Editor
September 11 2019, 12:01am,
The Times

The gold price could push past its all-time record and progress beyond $2,000 an ounce over the next three years, according to Citigroup.

The prospects for gold were strong because of political uncertainties, recession risk and the expectation that global interest rates are going lower for longer, the American investment bank said in a note to clients. It also pointed to strong buying of gold by central banks. Aakash Doshi, a Citi analyst, said in his most bullish scenario that the spot price could reach $2,150 by the end of 2022.

Gold is seen as the ultimate safe-haven asset. However, it yields nothing and is costly to insure and store. At present at $1,497 an ounce, it hit an all-time high of $1,918 in August 2011. It fell to as low as $1,060 in December 2015. Since May it has been on a tear, soaring from $1,275 to $1,550 before drifting lower.

China’s central bank has bought $4.8 billion of gold in the past nine months as it seeks to diversify away from its dependence on dollar reserves. Russia has also been a buyer.

[qs99] 12/9/2019 13:56

Agreed bag. Further progress reported, despite what could be read into the IR presentation and POG motoring North again, should help underpin move towards the £1.50 mark IMO...DYOR...have switched some from CEY to HUM this morning but still holding large here...GLA

[bag158s] 12/9/2019 13:08

Good time to top up now. As gold price is shot up to 512.0 now, up by $10 in last few minutes

[ch1ck] 12/9/2019 11:55

I sold last week and am back in todayThe forecast must surely be strong with gold so high.I haven't read any reports just yet

[onedb1] 12/9/2019 11:51

With possible support on the 50Ma I will probably go long. So just waiting for confirmation . Seems like the stock uptrend since June is just retracing for profit taking not reversing . Keeping my eyes on this now . Gold in the $1500 levels is a big boost for CEY .

[davius] 12/9/2019 11:36

I meant that the retrace from 152p might not have been solely on the falling gold price. Clearly a report like this takes a while to put together, so those within the company know that numbers are at the lower end of expectations well before the rest of us. No profit warning since forecast is within range, but since the markets react to news "lower end" was never going to be well received.

I'm generally a long term holder, but offloaded a third early on today to reduce my exposure. Recovery from the 80s has been spectacular and highly profitable, those with a long term view might benefit again in the coming months.

[djb3] 12/9/2019 10:55

This sounds like FRES a few months back....

[plat hunter] 12/9/2019 10:48

SP forming a cross of death with the 50 dma...

Anyone with any brains will be rolling over their profits ashwani

[ashwani01] 12/9/2019 10:39

Are the bulls taking profits ?