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CEY Centamin Plc

112.90
2.00 (1.80%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Centamin Plc LSE:CEY London Ordinary Share JE00B5TT1872 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.00 1.80% 112.90 112.50 112.80 113.00 110.60 111.00 5,275,340 16:35:16
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Metal Mining Services 788.42M 72.49M 0.0626 17.97 1.3B
Centamin Plc is listed in the Metal Mining Services sector of the London Stock Exchange with ticker CEY. The last closing price for Centamin was 110.90p. Over the last year, Centamin shares have traded in a share price range of 77.25p to 115.00p.

Centamin currently has 1,157,244,916 shares in issue. The market capitalisation of Centamin is £1.30 billion. Centamin has a price to earnings ratio (PE ratio) of 17.97.

Centamin Share Discussion Threads

Showing 53026 to 53041 of 77150 messages
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DateSubjectAuthorDiscuss
04/12/2019
08:15
Endeavour are not in the same league as CEY. Looks like it's probably an Egyptian family fight.
johnrxx99
04/12/2019
08:13
IMHO an excellent press release
haughtonhoney
04/12/2019
08:13
I think CEY have very strong points on why it being significantly undervalued and adds more risk given the huge debt of Endevour
ramnik007
04/12/2019
08:05
Strongly worded. Game on.
wilmot
04/12/2019
07:32
Good article in the FT today indicating more to come.
bocase
04/12/2019
00:44
Well off to bed convinced that it will be red all day and if not well c'est la vie.
monopoli44
04/12/2019
00:02
gold will loose strength as well as cey.
monopoli44
03/12/2019
23:46
Is gold a good place for investors to hide? Glenn Freeman | 03 Dec 2019
Low interest rates, volatile stock markets, ongoing US-China trade uncertainty and UK's looming Brexit election are a few reasons investors may be leaning toward gold as a safe-haven asset.

Australian interest rates were held at a record low of 0.75 per cent on Tuesday by the Reserve Bank of Australia, in its final meeting on interest rates this year.

RBA governor Philip Lowe highlighted the central bank continued to monitor weak consumer spending, stagnant wage growth and the lacklustre prospects for the latest set of GDP figures, due on Wednesday.

Low interest rates are also a feature of the US market. The general view is that the US Federal Reserve is done cutting interest rates, having cut them three times this year.

This is a view shared by Kristoffer Inton, a Morningstar US-based equity research director focusing on basic materials.

Gold prices peaked at US$1550 an ounce in September this year, ticking up US$200 in just a couple of months on the back of rising demand. Since then, the price has pulled back slightly to around US$1,450 an ounce – but still sits around US$150 above Morningstar's mid-range forecast of US$1300 an ounce.

But Inton also notes that current interest rate options imply a roughly 70 per cent chance of rate hikes in 2020.



"All else equal, the change in the Fed policy has restored the attractiveness of investment demand for gold, a sharp turn from the trend during the last few years," Inton says.

He also highlights the gap in yields between 10-year US Treasury bills and the federal funds rate, which is nearly zero. This further increases the appeal of holding gold.

"As such, gold ETFs have seen strong inflows in recent months, as the FOMC’s return to rate cuts have led to gold’s return to popularity."

US, China industrial activity
Weak manufacturing data out of the US, which this week rekindled concerns about a slowing economy, has also helped bolster gold prices.

Gold initially fell overnight after manufacturing data from China was stronger than expected, which helped equity markets. But stock prices, credit yields and the US dollar have since fallen back again, which supported gold prices.

Ryan McKay, a commodity strategist at TD Securities, agrees with the broadly held belief that the Fed will leave rates on hold for now.

"We'll need to see a trend in weaker data through early 2020 to convince the market that we're going to get more cuts. Until then, there's no real impetus to see gold rally," McKay says.

There US Federal Reserve is due to meet once more in the remainder of 2019, on 10 December, but most market watchers expect the Fed to leave rates on hold until mid-2020.

Gold bugs should tread carefully
But investors considering investing in gold should proceed with caution.

"Gold on its own looks unappealing for the sensible investor; it pays no yield after all. And the only way to make a return on gold is if its price rises," says Schroders multi-asset fund manager Sivarishi Sivakumar.

But when yields on bonds turned negative in the US earlier this year – interest rates on short-term bonds were higher than those on long-term bonds – he noted even the zero yield on gold made it attractive to investors looking for safety.

Morningstar Investment Management's chief investment officer for Europe, Middle East and Africa, Dan Kemp, views investing in gold as controversial. This is because a decision to buy gold is often driven by fear of an economic crisis or short-term changes driven by politics or market movements.As such, he's sceptical about the long-term value of gold to investors.

"As these commodities have no intrinsic value, returns are governed by the balance of demand and supply together with the degree of speculation present in the market," he says.

"These factors are all extremely difficult to predict and as a consequence, investment in this area has a low probability of success."

Kemp highlights that rather than engaging in speculation, Morningstar focuses on fundamentals – which means its analysis is purely valuation-driven.

"This means our analysis of the commodity cycle is purely valuation-driven and leads to a preference for assets that are undervalued relative to a conservative estimate of the cash flow they generate.

master rsi
03/12/2019
23:34
Comparing in a 1 Year chart, CEY well underperforming EDV
master rsi
03/12/2019
23:25
it will be red at the open and continuously during the day while gold will also loose some strength as dow and ftse will gain strength.
monopoli44
03/12/2019
23:03
I am still convinced that to morrow it will be a red day.
monopoli44
03/12/2019
22:52
Centamin - (CEY) versus Endevour (EDV) intraday and 1 year chart Candlestick
Centamin

Endevour

master rsi
03/12/2019
22:28
Perfect timing and you all damn know it hahahahahaha
dt1010
03/12/2019
21:40
alan, i said buy when this was 111p
I bought at that level
Look at what it did
Look what gold did, the reversal I predicted.
You are such a loser.
You hate it that I timed my entry PERFECTLY.
hahhahahaha

dt1010
03/12/2019
21:32
There is another busier thread.
rrr
03/12/2019
21:07
Monopoli - lol “MARGIN CALL”. Already offside by more unless you top ticked at the close.
dmitribollokov
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