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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Centamin | LSE:CEY | London | Ordinary Share | JE00B5TT1872 | ORD NPV (DI) |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.00 | 0.00% | 146.00 | 0.00 | 00:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Metal Mining Services | USD 891.26M | USD 92.28M | USD 0.0795 | 18.36 | 1.7B |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 146.00 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 25/11/2024 | 08:00 | UK RNS | London Stock Exchange Notice Cancellation - Centamin PLC |
| 25/11/2024 | 08:00 | UK RNS | Centamin PLC Cancellation of Listing of Centamin Shares |
| 22/11/2024 | 16:04 | UK RNS | SIH Partners LLLP Form 8.3 - Centamin PLC |
| 22/11/2024 | 15:30 | UK RNS | Syquant Capital Form 8.3 - AngloGold Ashanti Plc |
| 22/11/2024 | 15:29 | UK RNS | American Century Invest. Mgmnt Inc Form 8.3 - Centamin PLC |
| 22/11/2024 | 15:25 | UK RNS | Glazer Capital, LLC Form 8.3 - Centamin plc |
| 22/11/2024 | 15:20 | UK RNS | BlackRock Group Form 8.3 - Centamin plc |
| 22/11/2024 | 15:10 | UK RNS | Kryger Capital Limited Form 8.3 - Centamin plc |
| 22/11/2024 | 15:07 | UK RNS | Barclays PLC Form 8.3 - CENTAMIN PLC |
| 22/11/2024 | 14:17 | UK RNS | State Street Global Advisors Form 8.3 - AngloGold Ashanti plc |
Centamin (CEY) Share Charts1 Year Centamin Chart |
|
1 Month Centamin Chart |
Intraday Centamin Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 11/12/2024 | 13:32 | Centamin Egypt Ltd - Multi Million oz Gold deposit | 60,151 |
| 12/11/2024 | 09:37 | Centamin- Gold Miner Growing Production | 18,121 |
| 26/12/2022 | 14:37 | Centamin Egypt Ltd - Moderated | 76 |
| 28/11/2022 | 19:52 | Centamin PLC | 63 |
| 13/2/2022 | 18:23 | Move | 1 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 14/12/2024 08:20 by Centamin Daily Update Centamin is listed in the Metal Mining Services sector of the London Stock Exchange with ticker CEY. The last closing price for Centamin was 146p.Centamin currently has 1,161,082,695 shares in issue. The market capitalisation of Centamin is £1,695,180,735. Centamin has a price to earnings ratio (PE ratio) of 18.36. This morning CEY shares opened at - |
Posted at 17/10/2024 04:39 by sotolo Beez I don’t think the recent Anglo rise back to a price that makes the bid worth 1.60, and hence Cey share price rising as usual a couple of pence below it, has much to do with Cey results that are anyway pretty much already known. Anglo likely to have a small rie or fall today depending on gold price. Nor do I think Cey likely to soar above the Anglo offer price on these results. The hedge funds that now own many of our shares will play the arbitrage methinks keeping Cey tracking just below Anglo bid unless looks like any chance of it failing or being increased but the current pricing suggests neither is likely even if many here hope so, though not entirely impossible in which case the arbitrage difference will change fast imho |
Posted at 14/10/2024 20:25 by 1gw I agree they're most likely merger arbitrage (except possibly for D.E. Shaw although it may just have moved very quickly to build its position on the day the deal was announced).If the deal collapses then they stand to lose on both sides of the deal - they lose on the AU short if the price rebounds and they lose on the CEY long as the price falls back. If the deal succeeds as currently priced, they make a relatively small amount (relative to the size of each position) as the CEY discount to the offer price has been pretty small for most of the offer period. Having said that, with a pairs trade the only real cost is the financing of the short position so even 1% or 2% on the arbitrage is likely to be worthwhile. Where they really make big money is if AU is forced to raise its bid for CEY as they win on both sides of the trade - CEY price will increase towards the revised bid while AU price is likely to take a corresponding hit reflecting the increased cost of the offer. Although there appear to be 3 or 4 arbitrage positions here, and there may be more under the discloseable threshold, it still feels to me like a relatively small arbitrage position for this stage in the process. Is that a view that the risk of the deal collapsing is too high relative to the arbitrage that is on offer with the CEY discount to the bid price? |
Posted at 14/10/2024 16:51 by 1gw From the 8.3's we seem now to have at least 3 hedge funds playing the merger arbitrage, or betting that things will change in a way that benefits CEY over AU:Alpine Associates (12.9m shares long CEY, 0.9m shares short AU) Syguant Capital (11.8m shares long CEY, 0.8m shares short AU) Kryger Capital (14.7m shares long CEY, 1.0m shares short AU) The Kryger position is as of 10th Oct as I haven't seen an AU declaration from them for 11th, but on 11th they increased their CEY position to 16.2m shares. Kryger has been building its long CEY position steadily since going through the 1% declaration threshold on 4th October. Syquant appears to have gone through the threshold on Friday. The Alpine position is as of 2nd October. In addition, D.E. Shaw appears to have a similar position to Kryger (15m shares long CEY, 1.1m shares short AU) but to have already held it as of 10th September - so presumably a view on the relative outlooks for the companies pre-announcement. Alpine is a self-avowed merger arbitrage player: "Alpine’s primary strategy is merger arbitrage, focusing on transactions with definitive merger contracts." |
Posted at 13/10/2024 08:44 by 1gw Same chart brought up to date, showing how a period of underperformance against GDX was switched by the bid to material outperformance:free stock charts from uk.advfn.com Or if you just want to see what happened after the price had adjusted for the bid, this one shows how CEY has subsequently underperformed against GDX (and gold), whether as a result of concern that AU was paying too much (and CEY price moving in line with AU price) and/or the AU Ghana galamsey story and/or something else: free stock charts from uk.advfn.com Personally, I prefer the chart in post 59889 as an indicator of what the bid has done for the CEY price relative to GDX (and therefore what might happen to the CEY price if the bid were to fail without a counter-offer being made) as it takes the CEY-GDX correlation as read and shows the divergence since just before the bid. Health warning on advfn charts that the first day's price sometimes looks like it's a day out - in the case of the 2nd chart it appears it starts from the 11th Sept close of 149.6 instead of the 10th Sept close of 146.9, but I don't think that changes the picture materially. |
Posted at 12/10/2024 12:43 by arlington chetwynd talbott Folk seem almost perturbed by the idea that AU might not succeed on their first attempt. I am not sure why. It is not as if that would crater the CEY share price. More power to the CEY Rebel Alliance. |
Posted at 11/10/2024 10:13 by troc1958 The offer as it stands is set out below. Its very likely that the majority of shareholders will accept this offer when voted upon later this month. Institutions and large shareholders would have been consulted to get their tacit agreement way before this announcement. So all this talk about an increased offer will not happen, unless a second bidder emerges with a higher offer; which is unlikely unless the gold price rockets up this month ...THE OFFER DETAILS:for each Centamin Share:0.06983 New AngloGold Ashanti Shares; andUS$0.125 in cashThe terms of the Transaction value each Scheme Share at 163 pence based on the Closing Priceof US$28.80 per AngloGold Ashanti Share and a £:US$ exchange rate of £1:US$1.3080 on9 September 2024 (being the last Business Day before the Announcement Date) (the "OfferValue").This represents a premium of approximately: 36.7 per cent. to the Closing Price of 120 pence per Centamin Share on 9 September2024; and 37.6 per cent. to the 30-day volume-weighted average Centamin share price as of9 September 2024, based on the 30-day volume-weighted average share price of AngloGoldAshanti as at the same date. This date represents the last Business Day before theAnnouncement Date.The Offer Value implies Centamin's entire issued and to be issued share capital is valued atapproximately £1.9 billion or US$2.5 billion.In addition, eligible Centamin Shareholders were paid and are entitled to retain the Centamin |
Posted at 03/10/2024 08:02 by stevea171 CEY holders may wish to take a look here if they are still invested with the share price moving in a 12p range but no counter offers to date.AAZ Investment Opportunity. AAZ. Opportunity to invest before significant share price appreciation in the coming months and years (5 bagger potential) as it executes its low cost plans to become a mid tier copper/gold producer from defined deposits under its 100% owned leases. Anglo Asian Mining (AAZ). Sp 92-98p. Mkt Cap £108 million. Broker Target Price: 308p. Azerbaijan based gold/copper/silver miner with production since 2009. AIM listed at 77p in 2005 with only 15 million new shares issued since then to minimise dilution (114 million shares now). High powered and highly qualified Board and managers own 41% of the company fully aligning them with shareholders. The company is at a discount due to a partial shut down for a year that has now been lifted. The share price should return to historic levels c. 135p initially as progress is confirmed and then much higher as the market takes on board and responds to 4 new mines starting up - the new copper/gold mine at Gilar coming on stream in December, a new $130 million highly profitable mine at Demirli next year and plans move forward to become a mid tier producer from development of XarXar and Garadag. Profits are set to rocket from next year onwards, especially from the start up of operations at the low cost copper mine at Demirli that has just a maximum $5 million to be spent to bring it on line. Set to increase production from approx an artificially reduced 18k GEO this year to 70-75k+ GEO in 2025, incl new mine Gilar to 150k GEO in 2026, incl new mine Demirli to 200k GEO in 2027, incl new mine XarXar to 250k GEO in 2029. incl new mine Garadag Low Net debt of $12.1 million at 30/6/24 which should be paid off next year. Can finance new mines development from FCF and local bank finance at low rates. Traditionally has paid significant dividends 2x yearly. |
Posted at 30/9/2024 17:30 by 1gw I think the share price can give a reasonable indication of where the weight of market opinion is. And that to me suggests at the moment that your 3rd possibility does not have serious weight in models. I agree that enhanced offer and counter-offer could both be a factor in the narrowing of the discount, as could the passage of time and the publication of the CEY scheme document making the existing offer appear slightly more concrete.At some point that may change. If AU's underperformance against GDX worsens, without the appearance of a counter-offer or credible suggestions that AU's offer may be sweetened, then the collapse of the AU offer may get a higher weighting. But in that scenario surely the immediate tell would be the CEY price moving down relative to the AU price and the GDX. At the moment CEY is still trading at a big premium to the GDX, relative to where it was before the AU offer. free stock charts from uk.advfn.com |
Posted at 30/9/2024 16:53 by 1gw A 5-day chart seems to show very slight separation of CEY from AU today. It has actually moved in CEY's favour though which means the discount from the offer has narrowed and is now only around 1% (i.e. CEY trading at around 99% of the offer price).So the market views completion of the offer as more likely and/or the market thinks a higher offer is slightly more likely now. What it doesn't indicate imo is that the market thinks the AU offer will collapse without a counter-offer arriving because if that were the case I would expect the CEY price to fall relative to AU. free stock charts from uk.advfn.com |
Posted at 10/9/2024 22:43 by kennyp52 AU share price recovered after our close so the ship may have steadied a little and imho will underpin the CEY share price which I expect to edge up tomorrow in speculation that AU will get back up to $28+ . Fingers crossed . My target for this post Doropo into production and on guidance was 200p+ so I’m not happy , when everything seems to be coming together , that the BOD have done this “deal” which is being reported over the pond as if it’s done and dusted. |
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