Centamin Share Discussion Threads

[kennyp52] 25/2/2019 09:30

Bocase ... the dividend yield is not now real ... the final dividend it uses from last year has fallen to 3c . DT1010.. agree .. CEY really testing the sentiment and it may cause it to be oversold . We might just have to wait a year to see a 150 share price . Very frustrating and I hope most on here were out before this substantial drop . I got lucky so am sitting the fence but feel for guys that held

[bor491] 25/2/2019 09:30

this could settle when its back 80p/90p - if so I'll buy again then :) i regret not selling on Friday but i was lucky to have sold first thing this morning at around 130's.

[dt1010] 25/2/2019 09:24

In the FTSE 250, Centamin was the worst performer, down 7.2%, after reporting a decline in pretax profit to USD152.7 million in 2018 from USD207.4 million a year before, as revenue decreased 11% to USD603.2 million.

The gold miner's earnings were hurt by lower gold sales, which fell 10% year-on-year to 484,322 ounces, while the average gold sales price remained broadly unchanged at USD1,267 per ounce.

Gold production also declined in 2018 to 472,418 ounces from 544,658 ounces, due to the "operational challenges". For 2019, gold production guidance is between 490,000 and 520,000 ounces.

spacedust25 Feb '19 - 09:22 - 30006 of 30008

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[astjgroom] 25/2/2019 09:23

Yes! :-)) this mornings a bloodbath but will settle in a couple of days. Wish I'd sliced more at 1.35. Markets are very unforgiving nowadays.

[spacedust] 25/2/2019 09:22

Your welcome dt

[bocase] 25/2/2019 09:22

DT1010:

Agreed. Would Buffet have been selling or buying this morning?

The story has not changed except to the upgrade to reserves last week.

[dt1010] 25/2/2019 09:21

The dividend yield is the reaon this will bounce back hard once the dust settles.

Break out was from 110p which is where it should hold. Only a large drop in the gold price will move it down below that point IMO.

Either way, on a long term horizon for the ISA and SIPP these are great prices to accumulate at, thank you very much.

[borisjohnsonshair] 25/2/2019 09:20

By 10am we will have had our fun with the panic brigade.

[bocase] 25/2/2019 09:18

Look on the bright side.

The dividend yield has increased by 17% since 8am this morning.

[spacedust] 25/2/2019 09:15

Your right I didn't say 115p I said 90p beckons.

[ukgeorge] 25/2/2019 09:15

The breakout was 110p so could have a run down to that IMO.

Aside from today, gold has firmed up and is looking good. The mine is through the low grade area. Costs are still industry leading.

I guess the company cut the dividend partly because they will need to make a decision on building one of the West african mines in the year ahead.

[astjgroom] 25/2/2019 09:14

We knew results were to be bad. Shame forecast wasn't stronger. Oversold now, nothing can be done today. Needs to settle.

[juju44] 25/2/2019 09:12

Testing the 200dma now . Will it hold?

[juju44] 25/2/2019 09:10

Loopks like the Kenny twins got cleaned out

[kennyp52] 25/2/2019 09:09

Ken Tennis .. where you at on this ? I dumped my core until I see a bottom for the moment . I see they had the sense to stick to their dividend policy and not artificially boost if from reserves . As someone has already commented .. clearing the decks to move forward hopefully . My concern is the sentiment will be tested enormously with these poor targets and they now actually have to exceed them to produce our hopes of a 150 share price . This may even call into question the current board .

[oilforex] 25/2/2019 09:06

spacedust25 Feb '19 - 08:55 - 29979 of 29992

I did say 115p today. Here it is. A little pull back coming

------

No you didn't. You've said everything but, lol

Quite clearly a disruptive kid who doesn't have a clue. Half terms over, go back to school. :-)

[bor491] 25/2/2019 09:04

i sold first thing this morning. I don't think this will go anywhere soon particularly with their low 1st quarter guidance - which won't help people to hold. Those thinking this is an over-reaction have more pain coming.

[dt1010] 25/2/2019 09:04

Spacedust filtered as you’re just a kid with no grace

[snape] 25/2/2019 09:03

Good price 😄

[spacedust] 25/2/2019 09:02

122p then back down chaps. Believe it or don't. Thus game is too easy.

[dt1010] 25/2/2019 09:02

I bought another 25,000 at average 1.16

Market overreaction for this quality miner with no debt

200 mda will support.