Centamin Share Discussion Threads

[trader536] 11/11/2020 07:16

Kenny the clown - holding a high risk one trick pony for a 5% “fat dividend” wasn’t a very smart thing to do, CEY has plunged 50% now.

If you lose 10% you only need to make 11%, if you lose 50% you’ll need to make back 100%

[kennyp52] 10/11/2020 21:48

4,000 @ 114 fek it ... POG looks like it’s holding & hoping this has been a huge over reaction by spiv bank / broker traders .

[the stinger] 10/11/2020 21:48

£1.65 takeover all over this.

[creditcrunchies] 10/11/2020 20:50

90p has always been a magnet for these for some reason then it's like a trampoline it's a good stock to trade

[dmitribollokov] 10/11/2020 20:14

Some support in the chart 105/110 here. If that doesn’t hold and it’s testing 90p again.

[geckotheglorious] 10/11/2020 20:14

I wouldn't be unhappy Plat, if they get a decent price.

[plat hunter] 10/11/2020 19:40

Maybe T/O is the BODs exit strategy... There's no messing about with the names on the top holders list with the 'pushover PI's holding a considerable chunk themselves.

[roger207] 10/11/2020 19:21

13p from £1
Not far

[investor0109] 10/11/2020 18:44

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[investor0109] 10/11/2020 18:35

I just read a very interesting post on another forum- I'm sure many of you know which one- that explains CEY is due to receive verdict on a few mining applications made in Egypt. Expecting to know within coming days, prior to Nov. 15th. Wouldn't like to plagiarise, so take a look. Could be what is required to get share price back on track.

[huncher] 10/11/2020 18:30

I sold 70% of my holding above £2 a number of reasons but mainly one little comment in their last quarterly they had put off scheduled maintenance to the next quarter and seemed to be throwing everything at that quarters results including Credits. Whilst I have more than enjoyed significant divis I do wonder if strategically (always easy in retrospect) whether they should have invested more in other assets/development. Having
loads of cash is great but that just makes them a more attractive T/O target. What do I know we shall see.

[investor0109] 10/11/2020 18:26

space_bob- agree that 150p fair value as stands and don't disagree that share price could vault back up again, though of opinion that it has further to fall yet. Much consolidation in sector and CEY ripe target for takeover, though perhaps has acquisition(s) of its own in mind. Cash raise as contingency? Could be a little farfetched?

[allseeingeye1] 10/11/2020 18:05

The share price is extremely low here and it will bounce, Centamin has been way over sold. Gold rebounded today and even yesterday WorldQuant is lowering its short. Things are improving and tomorrow I suspect we will see a flurry of buyers come back once this vaccine euphoria runs out. Anyone deramping at this ridiculous share price is crazy and any shorters will get burnt

[space_bob] 10/11/2020 17:40

Today with everything going on, I think £1.50 would be a fair price. I think it will be back up at £2 in H1 2021. Why do you think there will be a placement? What purpose would it serve?

[84stewart] 10/11/2020 17:39

They done need money unless they are going to buy RIO

[investor0109] 10/11/2020 17:34

the stinger- agreed, low-ball offer could be on its way, though with appointment of new broker, could be sign of a placement to come. My money on placing and fall of share price down to 80p.

[investor0109] 10/11/2020 17:19

space_bob- agreed CEY a bargain at current prices, though entirely driven by sentiment which I believe tends to make such a ridiculous speculation as 60-70p far more likely than it ought to be. Out of interest, what would you consider a fair price for CEY as currently stands?

[the stinger] 10/11/2020 17:09

Nearing a bid target price here. Maybe from £1.40

[investor0109] 10/11/2020 17:09

Plat Hunter- buys/sells you posted are historical I believe. Acadian's 40.7 bought back on 11th December 2019. Most recent buy/sell by institution listed was BlackRock on 18th May 2020. Appears to be your bog-standard sell-off continuing today.

[plat hunter] 10/11/2020 17:08

No TR1's and no accompanying articles on google, so I can only assume Acaidian are still accumulating.Manufactured fire sale for the boys?

[space_bob] 10/11/2020 17:04

Today I've bought back in at average around 114p - bargain at that price, don't really care too much if it falls a little more, I suspect it will be much higher in a few weeks time. Hopefully make up the painful losses this share recently inflicted on me! I think there will be more positive news on Sukari soon and even before the issues there, it was under-priced. Talk of this going to 60-70p is ridiculous.