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 Shares Traded Last Trade
  4.30 2.07% 211.80 10,447,383 16:35:22
Bid Price Offer Price High Price Low Price Open Price
211.60 212.10 213.10 199.85 210.10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 491.89 130.47 5.72 36.5 2,448
Last Trade Time Trade Type Trade Size Trade Price Currency
18:16:38 O 43,107 211.80 GBX

Centamin (CEY) Latest News (9)

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Date Time Title Posts
04/8/202023:09Centamin Egypt Ltd - Multi Million oz Gold deposit39,012
04/8/202019:38Centamin- Gold Miner Growing Production17,951
07/8/201916:51Centamin - Egyptian Gold3
07/8/201916:51A solid company5
29/6/201721:56Beyond a joke546

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Centamin (CEY) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2020-08-04 17:16:52211.8043,10791,300.63O
2020-08-04 16:51:07210.8793,287196,716.16O
2020-08-04 16:49:14209.96107,287225,258.71O
2020-08-04 16:27:03209.90276,472580,317.49O
2020-08-04 16:14:02209.7438,62981,018.53O
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Centamin (CEY) Top Chat Posts

Centamin Daily Update: Centamin Plc is listed in the Mining sector of the London Stock Exchange with ticker CEY. The last closing price for Centamin was 207.50p.
Centamin Plc has a 4 week average price of 178.65p and a 12 week average price of 145.65p.
The 1 year high share price is 213.10p while the 1 year low share price is currently 88.54p.
There are currently 1,155,955,384 shares in issue and the average daily traded volume is 6,691,138 shares. The market capitalisation of Centamin Plc is £2,448,313,503.31.
larry laffer: CEY share price characteristics these days are such that the opportunity to scalp a few pence presents itself nearly every day. If you have the time and the capital it makes sound common sense to do so. Good luck to those who have done so.
legg96: Gold price now responding well to the ECB`s decision to expand QE by E600bn. The CEY share price is also responding appropriately.
mr tibbles: Numis note 21st April 2020 Centamin beat our Q1 estimates with 125koz of production at AISC of US$902/ oz. The beat was driven by higher tonnes and grade from the open pit and higher grade at the underground operation. Prior guidance of a 40-60 split between H1- H2 was moved to 45-55 while capex guidance was revised to US$170m from US $190m as non-essential projects such as the solar plant were deferred. Overall we view the production result as an encouraging start to the year. CEY has much to like including a large long-life high-margin operation, US$379m of net cash, and an attractive dividend yield (6%). If CEY can resolve the quarter to quarter and actual vs guidance variability of production that has been an issue in recent years, we think significant re-rating potential is there. For now, we upgrade to BUY and 170p on a US$100/oz increase in our price deck, based on unchanged target multiples of 1.2x NAV and 8x CFPS. If CEY can deliver more consecutive quarters of consistent production vs guidance we will consider increasing our target multiples. ? Q1 beats on grade, dividend maintained: CEY announced Q1 production of 125koz at AISC of US$902/oz as Q1 performance was ahead of the previously guided 40/60 H1-H2 split. Our estimate was 111koz at AISC of US$1058/oz. Net cash was US$379m to end the quarter, ahead of our US$341m estimate. Both the open pit and underground delivered good performances with 4.2Mt at 1.1g/t mined from the OP and 154kt at 5.0g/ t which CEY noted was 27% ahead of the budget. Grade and tonnes from both the OP and UG beat our estimates. A 6cps interim dividend (US$69.4m), to be paid in May, has been declared which does not need shareholder approval. This is to replace the 2019 final dividend of the same amount, as the required approval procedure meant that it could not be distributed in May due to delays in the AGM process. Conf call 12:30PM UK time / +44 (0) 203 936 2999 / PIN: 611095. 2019 FY results will be released midMay. ? Full year guidance reiterated, but we are encouraged by the change in H1-H2 splits: Guidance of 510-540koz at AISC of US$870-920/oz was maintained but the split was amended to 45-55 H1-H2. Guidance for Q2 is 115koz. Full year capex guidance was lowered by US$20-40m to US$150-170m from US$190m with the deferral of certain projects including the solar plant to minimize non-essential activity. ? Production not impacted by COVID: Precautionary health and screening measures are in place. Rosters cycles are lengthened with on-site rest camps have been established. The supply chain and gold sales have not been impacted. With US$379m of net cash, we don't view liquidity as a risk. ? Model changes: slight production upgrade, higher gold price, multiples maintained (for now): Our full year estimates are now 520koz at AISC of US$890/oz (prev 515koz at AISC of US$911/oz) and we have reduced capex to US$170m from US$190m. We have also increased our gold price deck by US$100/oz including US From Add Current Share Price 140p Target Price 170p Market Capitalisation £1.6bn Shares In Issue 1,156m RIC/BLBG CEY.L/CEY LN Avg. Daily Volume (3M) 7,289,220
stevedaytrader: I don’t think you want that Martin. Gold bust through 1700 at approx 02:00 this morning. Asia stocks were getting battered- FTSE futures etc looked bleak- toward the opening gold was about 1680- and cey share price ended down significantly on open. We then tended to move in line with ftse as opposed gold. Just my observations, but I think when stocks in general start the uptick- so will CEY. The gold price is already incredibly high when you look at the CEY share price overlaid over the gold price over the past several years. Fingers crossed for all for tomorrow.
phillis: I ridicule your suggestion that Endeavour - having signed a standstill agreement - are in action, contriving to control the CEY share price In fact they would be better advised to get their own share price up As things stand that is the “ currency” which they plan to use to make the putative offer
mr tibbles: Two very interesting piece of news found and shared by two very decent long term Cey share holders hxxps:// the council of ministers today issued a draft of a law similar to law 32 to protect all contracts awarded by an investment trust headed by President Al-Sisi from any legal challenges.. Exactly the same wording of law 32.. to the letter Egypt's Cabinet passes amendments to restrict legal action against Egypt’s Sovereign Wealth Fund, On first impression this does bode well for Endeavour, or its backers, unless I have misunderstood the proposed legislation? The article describing the fund’s activities now states that among its responsibilities is to “manage assets and holdings of state-owned entities and bodies, or [state-]affiliated bodies and companies” when called for. What could be the reasoning to bring about these actions? Could it be it is a result of what certain grandstanding members of the bar have done with the power to file third-party lawsuits? Could this be Law 32 under a different guise? If this should be so then will this new legislation just apply to new contracts or will it be applied retrospectively? If the latter be the case then this may be of great benefit to Centamin. “The Madbouly Cabinet greenlit on Thursday legislative amendments that would limit the scope of legal action that can be taken against the Sovereign Fund of Egypt (SFE), according to a statement out following cabinet’s weekly meeting. The changes would, if passed, shield contracts the fund has signed from third-party legal challenge. The fund cannot be challenged in a legal context for “any measures” it had undertaken “to achieve its goals.” The only exception allowed is in the case that the fund or the party that has signed a contract with the fund is implicated in criminal wrongdoing related to the contract. Presidential decrees to transfer public assets to the fund can also only be appealed by the entity which directly owns those assets or by the fund’s management team. The fund’s goals were broadly specified in a 2018 law as “contributing to sustainable economic development [in Egypt]”. Link below -Egypt's Cabinet passes amendments to restrict legal action against Egypt’s Sovereign Wealth Fund, hxxp:// Due to the unresolved court case Cey share price is discounted by between 12-20% by brokers & MM, Court case is on hold until a ruling on Law32 is made by the commissioners. Ratification on Law 32 or similar would null & void the court case!
jfishy55: Thanks for the correction Skinny :-) Yes SScholl, that's the thing, it seems to me that Endeavour are "trying it on" - they know the CEY share price has been knocked so they can pick it up on the cheap plus it has the W African assets which I assume will has synergies with their existing assets. So I can see why Endeavour are making the approach but I think they will raise their offer - they want to get CEY as cheap as possible after all! Even with a raised offer though, I really don't see the attraction for CEY beyond potentially using Endeavours assets in W Africa. At this moment, if I wanted to buy Endeavour I think I'd rather buy separate shares in both companies rather see them merged.
bocase: Good to see CEY share price climbing even though gold is weak due to strong payroll figures. That tells me investors don't want to be out over the weekend with the chance of a rival or higher bid on Monday morning.
davius: Yesterday was a tad disappointing in terms of the CEY share price. With another $15 on gold since the London close, and at a six year high, perhaps we'll be looking at a little catch up here.
338: CEY share price is stabilising but looks like SHG will resume the breakout :)
Centamin share price data is direct from the London Stock Exchange
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