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CEY Centamin Plc

112.30
1.40 (1.26%)
Last Updated: 13:35:34
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
  1.40 1.26% 112.30 112.30 112.60 113.00 110.60 111.00 2,191,458 13:35:34
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Metal Mining Services 788.42M 72.49M 0.0626 17.92 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 17.92.

Centamin Share Discussion Threads

Showing 56276 to 56293 of 77150 messages
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DateSubjectAuthorDiscuss
14/7/2020
13:15
More clowns than Billy Smarts
trader536
14/7/2020
12:10
With U.S. market open and p.o.g. climbing all the way back up to $1800, are traders/ investors inspecting another downturn in market indexes and putting their money in gold and gold mining stocks?
azalea
14/7/2020
11:43
Umat--
I do not watch Bloomberg. Stay safe!

Sotolo. Pundit - a learned person/expert. I totally agree that one should DYOR, however, who better to listen and learn from but the pundits in their relevant field of expertise. When it comes to gold pundits, unless there is a strong counter argument which can undermine the whole premise the majority are putting forward as to where the p.o.g is going, then logically one has to follow the latter. For my part I am backing the latter with my money and by the end of this year I fully expect to be, 'In the money'.

azalea
14/7/2020
11:33
Sotolo,

if the word out there is just buy gold on the dips which I think is the general theme,then today is a good entry point, which i took advantage of (bloody hard to get a good quote and trade it though).

copy and pasting and following advice is all very well, but you really need to know whats going on and why.

fully convinced we will go well over 193, we now seem to have a stronger management team that can be trusted to produce, so all we need is a favourable ish gold price.

and not too many out there paying our dividend

martinfrench
14/7/2020
11:11
Martin,, I agree that it is much better to do your own research. When all the pundits say one thing it can mean everyone has bought so the price is under threat, and that can particularly be the case with gold pundits, who are often selling the stuff too, so continuously talk it up. The book superforecasting shows the herd weakness of the analysts and pundits, and so our strength in not blindly following them
So Cey I disagree with Berenberg and still think a buy
A. Although gold is fickle, in the medium term I think that the gold price is driven largely by the opportunity cost of holding it. As real interest rates turn negative and bonds pay negative rates gold becomes very attractive and should rise, especially if you think that inflation will rise too.
B. Centamin’s forward PE is now only around 12, if you expect gold, and so our profit, to rise this is very low for a growth company. I believe that 15 would now be fair which would give a price of around 220p. Here’s hoping, but first we need to surmount that 193 barrier

sotolo
14/7/2020
11:03
market cap is too high.
amazoner
14/7/2020
11:02
As long s the 'locals' provide a skilled workforce to develop the full potential of the mine and the government provides a politically safe environment, where is the problem if both parties enjoy an equal share of a cake that continues to grow bigger every year along with the value of its contents,
azalea
14/7/2020
10:22
this would be a great business if it didnt have to give up 50% of earnings to the locals
phillis
14/7/2020
10:01
FWIW :- Berenberg Hold 185.48 191.50 190.00 200.00 Downgrades
skinny
14/7/2020
09:46
This week the following big boys kick off the Q2 reporting season.

J P Morgan Chase, Wells Fargo, Citigroup, Goldman Sachs, Johnson & Johnson, Netflix,

Morgan Stanley, Bank of America , Black Rock.

azalea
14/7/2020
09:33
& modest with it LOL
ashwani01
14/7/2020
09:32
funny you should say that Mr Tribe, i'm an economist so damn well know exactly what is going on.

2 steps ahead ? certainly not but far more informed than most if not all on here, especially people who just copy and paste stuff and dont have a clue what it means

martinfrench
14/7/2020
09:11
I have tried my hand at trading and it is a very hard, stressful game which I am not good at and not found worthwhile fit the returns I was getting. Don't mind short term trading with say upto 10% of my portfolio just to help keep my focus on the market but for 90% I would rather look at broader trends and go for medium term holds. In any case, I have found it difficult to short term trade with anything like what I consider reasonable quantities. But each to their own ?
ashwani01
14/7/2020
09:04
I think the word certainty is probably too strong. I am heavily into CEY because of the general macro trends around the world (economic issues, political uncertainty, lots of stimulus) and the fiscal quality of the Company (u call it fundamentals, I am no expert but I like a strong balance sheet) and the slow switch back of the market to safe havens which have been out of fashion for some time. I think this will be around for a little while and whilst this is going on, I would rather be in CEY. I can't say my approach is any more rigorous or scientific than that.
ashwani01
14/7/2020
09:00
Each to their own, indeed. To that end, I believe that whilst trading shares can be profitable in the short term, in CEY case, traders will soon have to pay a lot more to get back in once they have sold.

Interesting to see my predicting a downturn in EU/UK indexes has proved correct. In addition I am even daring to say this will continue into U.S. indexes later today and we will witness the p.o.g notably above $1800.

azalea
14/7/2020
08:14
stevedaytrader
My view,which is based on the forecasts of number of financial pundits who give their reasons on You Tube, is that the p.o.g. will rise very significantly over the next 24 months; hence the last thing I will do is to sell my shares in CEY and hold cash. The amount of Q.E. the Feds financed in 2008, is by any measurement relatively small beer to what they have printed so far this year, in order to prop up the US stock market and pay out the billions in benefits to the unemployed and owners of businesses including heads of asset management organisations, who claim( some falsely)that they have been negatively affected by Covid 19.

azalea
14/7/2020
08:05
Why is gold going nowhere then if there is so much certainty it is going to hit $2000+ ??
kennyp52
14/7/2020
08:05
and CEY down 🤔
kennyp52
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