Centamin Share Discussion Threads

[dt1010] 25/2/2019 15:37

There’s only been 3 intraday closes of more than -20% since Centamin was listed.

[borisjohnsonshair] 25/2/2019 15:36

I don't think it's shorted.

[dt1010] 25/2/2019 15:28

Boris it’s a classic ‘take down’ shorters loving it.

The big money wants more at as cheap a price as they can get. This is a quality miner.

The price drop is ridiculous. An over reaction.

500koz production est with gold likely higher in the 2nd half 2019....

Shorters loving today....but they will close

[bagi58s] 25/2/2019 15:28

It will recover tomorrow

[borisjohnsonshair] 25/2/2019 15:25

I normally hold for 1-5 years

[dt1010] 25/2/2019 15:20

I am in this for 2+ years so that won’t bother me. Days like this are rare in any Gold Miner at this level. It would be a waste not to make use of such a pummeling. Sukari is a tier 1 class asset in gold mining globally. This has zero debt. Go figure.

[spacedust] 25/2/2019 15:19

Usually goes down for 3 days

[borisjohnsonshair] 25/2/2019 15:18

I've got 4 times that. At loss but not substantial. Expect to be in profit soon. The drop is suited to a company in huge debt and shrinking market and margins. This is a gold mine, expecting higher output, with a higher price and with recent news of higher resources. Madness. I'm tempted to go another 100,000. It's stupid cheap.

[bor491] 25/2/2019 15:14

good luck after this big down day it could go a bit more down the next few days.

[dt1010] 25/2/2019 15:11

Bought more.

I now have.....100,000 shares!!!

That’s enough now lol I think

[bor491] 25/2/2019 15:11

yes this can definitely go back to 90p and it could potentially go down to 80p because that's the way markets go. The trading update was negative and I didn't like them saying the 1st quarter figures won't be good.

[strutt12] 25/2/2019 15:11

4.5% yield now only gonna get better ;-0

[spacedust] 25/2/2019 15:06

Incase the share price was 124p when I said it will smash through 130p and it did. The share price went to 137p the following day.

As for 160p well March isn't even here yet....

Will buy at 90p and then sell at 160p

[creditcrunchies] 25/2/2019 15:01

The dividend yield is down a lot now because they've cut the dividend. That always triggers heavy selling unfortunately because funds buy the yield pretty disappointing really. I see analysts saying forward guidance is soft for 2019. Basically it's going to struggle for a while longer but it isn't catastrophic.

[juju44] 25/2/2019 15:00

200 dma smashed . Party over if it finishes here

[joshuam] 25/2/2019 14:55

Glad I didn't buy

[bocase] 25/2/2019 14:52

A bit like you then spacedust.

Easy to be wise after the event. Here are just a couple of your posts from last week.

"Cey will smash through 130p tomorroe"

"160p sometime in March 2019"

[spacedust] 25/2/2019 14:52

Rising costs
Decrease in revenue

The city hates this share but loved it last week

[spacedust] 25/2/2019 14:50

Gold is going up and I sup today. Cey will keep going down. My goodness never did I think we would see the share price in the 90s today. Once it drops below 100p then u chaps call the bottom. I said 90p on Wednesday

[dt1010] 25/2/2019 14:34

It will take a while for the market to absord the results. Selling now, unless you know further bad news, is counter intuitive. Buying now, scaling in, bit by bit, is how you pick up quality when it’s just been smashed but actually nothing has changed with the company. The low over the last 2 years was 87p

[borisjohnsonshair] 25/2/2019 14:26

It's not counterintuitive. Selling something after the price has just collapsed is more likely to be. Everything has a fair value and this was possibly above its. Now it's below it, so buy more for70 - 80% true value.

[bocase] 25/2/2019 14:25

The dividend yield for those buying now, is 23% than it was at 8am this morning though

[ukgeorge] 25/2/2019 14:18

Boris the Dividend has been cut so the yield is no where near 10%.

[laurence llewelyn binliner] 25/2/2019 14:16

Buying when people are bailing is counter intuitive, unless you've been there before a few times, and can see value where some can't..

It's a tough sell for some people to see things a year down the road, happy to pick this up on 31.12.2019 and see if we were right or wrong..! remind me.. :o)