Centamin Share Discussion Threads

[dt1010] 20/3/2019 06:44

CEy will go whichever gold does. By the end of April we’ll know.

[garycook] 20/3/2019 00:25

trader 365,Do you reside in Jontiem or Naklua ?

[ken tennis] 19/3/2019 21:48

365 you make a very good point with the risk management strategy very interesting to read, I will take your knowledge on board.

PS hope you get your abscess sorted out that must be so painful,I must say I don’t envy you on that one.
ATB Ken

[haughtonhoney] 19/3/2019 20:32

Very interesting read that trader365. Thank you. There is much that we can all learn.

[kennyp52] 19/3/2019 19:31

Ken tennis ... hope you don’t mind but I took a look at GVC . There is seem misleading info on HL ....

Alexander disposed of 2.06m ordinary shares at an average price of 665.97p each, for a total value of £1.37bn, while Feldmen offloaded 900,000 shares for a total of £599.3m.

As a result of the sales, Alexander and Feldman retained 666,666 and 287,408 shares, respectively, equivalent in value to 480% and 562% of their annual basic salaries.

2m ords at 666p is £13.7m not £1.37 billion ! No wonder it tanked 🤪

£430m in the bank but losses reported . They got some juicy forecasts or something ?

[dt1010] 19/3/2019 15:22

50p ? 🤪

That values the mine and other assets at 25p with 25p’s worth of cash (£250m).

Er...limited intelligence?

[dt1o1o] 19/3/2019 14:55

heading to 50p

[dt1010] 19/3/2019 13:04

By quick selling I mean seeing the results and seeing the poor open and phoning the broker immediately and dumping the stock. Not thinking oh it will be ok. I’ll hold before watching it drop 38% from the high and then being a prisoner until maybe one day it recovers.

[ken tennis] 19/3/2019 12:55

Gary, yes I have been watching GVC waiting for it to stabilise after the big drop.
Cheers

[ken tennis] 19/3/2019 12:53

365 just mind your own business il post what I like filter me please

[borisjohnsonshair] 19/3/2019 12:47

Spot on play but you underestimate the cash / share. It's 25p ish. The drop in price is based on it losing money. It's a lovely company that's resolved or resolving its efficiency issues, whilst gold is higher. Also larger resource announcement plus diversification. Happy to stick with 400,000 of these babies and wait for 200p in 2-3 years. Any drops are welcome - I'd buy more. Communication is the best but look at they know their mining onions and financial performance is sound. Also nice to have a hedge related investment in this wacky world.

[shieldbug] 19/3/2019 12:46

DT1010 "Not selling fast enough" - this is really difficult for a long term holder where the instinct is to ride out the share price fall. If you are trading one or two stocks I would imagine you would need to be in the habit of selling and selling quickly. I am more for diversification and holding for the long term. I have no plans to develop the quick-to-sell habit.

[shieldbug] 19/3/2019 12:41

I bought CEY as a dividend paying portfolio hedge - current value does not affect the initial buying decision. The argument for a hedge, with unsustainable levels of national debt, is work in progress. The companies $250m cash holding equates to 12p/s, this and the companies very clear dividend policy makes the current price more palatable.

[dt1010] 19/3/2019 12:14

Well done for making the decision to sell Centamin. You have to follow your gut.

I hold a good few Nasdaq stocks. They have been extremely kind to me, though some of their valuations are obscene. They just keep going up though so I am not complaining!!

[cinquepercento] 19/3/2019 11:56

Shieldbug:thanks for your comments above: :-)

DT1010. Re:diversification: whatever works for you is great!

I tried diversification but found it like trying to juggle too many oranges in the air at one time.It is not for me.

I tried high risk aim shares and lost a lot of money.

I tried a few solid FT100 shares but I did not,do not.. have the patience for such slow share price movements and also lost money by selling too soon.

I have chased shares up, and chased them down,a bit like chasing a squirrel up and down various trees in the park,only more costly.

My next experiment was to buy good shares but sell them just before they recovered as I could not afford to have so much exposure.

I bought heavily into Petrofac, a good trading share and got burned twice when they suddenly used scaremongering news items such as fraud charges to collapse the price.

Third time lucky on Petrofac, "Gut Feeling" (Trader365) told me to dump half my shares for a £3k loss and buy back in when it dropped.
It dropped the very next day and I was happy to break even and recover all this years losses but no profit.

I like Centamin, but the 7 years chart history lead me to a "gut feeling"that there is a high risk of this dropping down below 80 pence,so I am out.
If I am wrong,too bad.

I have dumped Petrofac early again and will await the next collapse in the share price. :-)

To those of you who get it right and make useful profits on Centamin, I say,"Congratulations and well done,"

[dt1010] 19/3/2019 11:14

Diversification is key in shares. If you have 15 stocks and one craters like this then it doesn’t hurt really, or certainly not much. The mistake so many people make is trying to make a lot of money fast by owning one or two stocks they hope will soar. When something goes wrong and you don’t sell fast enough....

[shieldbug] 19/3/2019 11:04

Cinquepercento - Bravo. There is so much evidence that the future is profoundly unpredictable (shock horror) - especially in the price of gold, not to mention Middle East and North African politics and events. Gut feeling is essential when weighing up the complexity of world events on which the company depends for its fortune. No one even knows what the Fed will actually do this year. Good luck is often mistaken for skill until it is too late.

[garycook] 19/3/2019 10:32

Ken,Take a look at GVC.Great trading share and no Stamp Duty !

[trader365] 19/3/2019 10:22

Should that post be on the CAML thread?

This is the CEY discussion thread