Centamin Share Discussion Threads

[juju44] 01/3/2019 09:00

gold is being taken down to suit central bank buying . The crooks never sleep

[spacedust] 01/3/2019 08:58

Gold is constantly going down

[spacedust] 01/3/2019 08:58

Last time no Morgan put a 125p buy note...guess what happened????

[juju44] 01/3/2019 08:54

I am a buyer here at this price

[dt1010] 01/3/2019 08:53

IC is an irrelevance. It will only rise when good results news reaches the City via hidden channels. The big money starts buying without saying anything, it rises a lot, then they go public with buy notes after better results that beat expectations.

To make all that happen gold needs to be high and moving up.

A lot of stars need to align.

It’s all very boring and none of it is going to happen in the short term.

If you’re underwater come back in 6 months to a year.

[livewireplus] 01/3/2019 08:50

It is only back to where it was (the SP) six months ago - so any bounce likely fo be a bit of a damp squib - but then again WTFDIK as the batteries have run out on my crystal ball...

[bulltradept] 01/3/2019 08:49

Algo's all over this currently again..

[borisjohnsonshair] 01/3/2019 08:45

If it disappeared all those wonderful people would be gone. That's terrible.

[kennyp52] 01/3/2019 08:44

No bounce on the back of these IC reports ? No sentiment so it remains substantially undervalued and no rebound . It will come when they give us some actual production in line or better then expectation . Mismanaged seems increasingly the probability . 110-120 on the interim results . 9c forecast dividend translates at a yield of 6% to an share price of 112.5p ; 5% gives share price of 135p. It’s a gamble but if this has now steadied in the range circa. 92p if production comes in this is likely to rise again . Maybe not to the 136p pre results but even 110 is 20% . Good luck everyone

[spacedust] 01/3/2019 08:42

Alan I don't think the market gives a monkey's about ic article. What we need is gangsters in the city issuing a buy note. Such as Morgan JP or gold man sucks. Oncevtgese gangster put a buy note out the price will increase even if Egypt disappears from the face of the planet.

[tsmith2] 01/3/2019 08:32

Massive oversold. Expect a decent bounce from here

[alangrifbang] 01/3/2019 08:32

Centamin is a buy in the IC today and it reads quite well,

[borisjohnsonshair] 01/3/2019 08:29

Gold may not even rocket this year but if not 2020.....or even 2021. I don't care or mind.

[bocase] 01/3/2019 08:27

Yes agree with Boris. We have seen a stronger dollar in the last few days which has pushed gold down a little but does not affect the trend which is strongly up.

Any more hints of a stuttering US economy and the Fed will be getting more doveish and the dollar will sell off and gold soar. If they hint about QE then gold will really take off.

[spacedust] 01/3/2019 08:25

Boris right now gold is going down so yoibare right. Whilst gold goes down so does Cey n our invsstment......justcstating the obvious

[borisjohnsonshair] 01/3/2019 08:18

Things go up and down. Gold on clear rising trend for 6 months and should WAY surpass 2018 highs. I'm expecting 15 year highs in coming 2 years

[juju44] 01/3/2019 08:15

Metals take down again wont help

[dt1010] 01/3/2019 08:12

Have filtered all the provocative deramper zombies on here

Gold is getting to the point of support

[bocase] 01/3/2019 07:39

Thanks Bull trade.

re. the final paragraph

...and their optimism of breaching earnings of $100m are based on the gold price staying where it is now. There are expectations of it rising significantly, which if combined with achieving the output from the higher grade ore would blow those figures out of the water.

[bulltradept] 01/3/2019 07:31

Posted for those too tight to buy the I/C! ;-)

Tip Update: Buy at 115p

Tip style

INCOME

Risk rating
HIGH

Timescale
MEDIUM TERM

Our previous tip
We said at 102 on 27 Dec 2018


By Alex Newman

In a strong entry for top euphemism of the corporate earnings season, Centamin (CEY) used its poor 2018 numbers to recognise the recent impact “on the shareholder experience”. That’s one way to describe a 56 per cent drop in free cash flow on a flat gold price.

CEY:LSE
Centamin PLC

1mth
Today change
-1.77% Price (GBP)
91.22

Unfazed – or resolute in its belief it can reverse last year’s sharp fall in grades and output – the Egyptian miner claimed a final dividend of 3¢ a share meant it met a strategic goal to deliver “reliable stakeholder returns”. Shareholders thought otherwise, and voted with their feet on the publication of these results.

Compounding matters was another jump in this year’s forecast all-in sustaining costs to between $890 and $950 (£679-£725) an ounce. The increase is primarily due to an uptick in volumes scheduled from Sukari’s open pit, and essentially buries hopes that the fourth quarter all-in costs of $809 an ounce might be maintained in the near term. Still, grades are at least expected to improve in 2019 along with output, which Centamin says will grow by between 4 and 10 per cent, to as much as 520,000 ounces.

On average, analysts are forecasting full-year earnings of 9¢ per share, up from 7¢ in 2018.

IC View

These numbers raise questions of our recent recovery buy call, and Centamin’s claim that Sukari is a “global tier-one gold asset”. Perhaps it just hasn’t been managed as such. Then again, if gold prices stay where they are and Centamin hits its top-end output guidance against all-in costs of $900 an ounce, then net earnings should easily breach $100m. Buy.

Last IC View: Buy, 102p, 27 Dec 2018

[zangdook] 01/3/2019 07:16

Says "Boris Johnson"

[borisjohnsonshair] 01/3/2019 00:46

He's a fool that's even used someone's name here just to aggravate. Ignore

[chrismcglone] 28/2/2019 21:12

Buying on a crisis has consistently served me well over the 17yrs or so I’ve held here. My gold shares have been a rollercoaster but that’s what you can expect.

So excuse me if I don’t share the dire pessimism and predictions of demise from many on the board.

I still recognise some old (sensible) posters, many of whom have provided useful, intelligent and valuable opinion. However, it looks like if I’m to continue to enjoy popping in on the rare occasions I now do, I am going to have to commit to an hour or so on the filter button.

Oh well, so be it. And back to sleep until this recovers.

[bocase] 28/2/2019 20:50

DT1010:

Just use the filter button as I do and you don't have to read the drivel.

After all you would delete your junk emails without reading them.

[dt1010] 28/2/2019 20:23

So many derampers on here trying to sow the seed of doubt

So so boring.

This isn’t worth reading anymore this BB.

I’ll hold for 2-3 years. To hell with the lot of you, you know who you are.