Centamin Share Discussion Threads

[plat hunter] 05/4/2019 11:09

Wallywoo, So what you're now actually saying is that you're first statement was incorrect and wholly false then.. Or is your world class degree leading you to believe that CEY paid out 600 million to shareholders last year?

[wallywoo] 05/4/2019 10:58

lol, I think my accounting degree just about manage it yes Plat, do you understand the difference between Sales revenue and cashflow?

[casual47] 05/4/2019 10:49

The solar thing seems a bit too long term and comparatively small scale to warrant much attention at this stage, imo. Especially in terms of impact on shareprice this year.

[plat hunter] 05/4/2019 10:42

Wallywoo,

Thank you for confirming my point with your copy and paste. You do understand the difference between cashflow & FREE cashflow though, right?

[ukgeorge] 05/4/2019 10:37

Hi Wally, I've not been there but I've heard Egypt is quite sunny :)

Hopefully the feasibility study will give us a good indication of how quick the payback is. I would think the process plant runs of oil generators as well so potentially long term could see more solar added. Also scope for the UG equipment to be electric.

But, if they want to maintain $250-300M cash they may have to reduce the dividend, fingers crossed costs come down this year as production increases.

[wallywoo] 05/4/2019 10:35

Plat from 2018 annual report:

In line with the Company’s sustainable
dividend policy, the Board of Directors
is pleased to propose a final dividend
for 2018 of 3.0 US cents per share, for
shareholder approval at the upcoming
annual general meeting (“AGM”).
The Board returned US$28.9 million to
shareholders as an interim dividend of
2.5 US cents per share. The proposed
total dividend of 5.5 US cents per
share, equal to US$63.5 million cash
dividend payout for 2018, is equivalent
to returning 100% of free cash flow
to shareholders.

[plat hunter] 05/4/2019 10:30

Wallywoo.

CEY DO NOT distribute all cashflow to shareholders, they distribute a proportion of earnings as directed by the dividend policy.

If they paid out over 600 million a year in divi's the share price story here would be very different. They would also go bust within 12 months

[wallywoo] 05/4/2019 10:26

UKG: I understand this will be an investment for solar power, ie, replacing oil with solar.

Have you ever been to this area of the red sea? It is a huge desert, rains maybe 5 days a year, sunny the rest. If solar power is not quick to pay back there, then it is of no value anywhere. Also good for the environment

with just under $300M in the bank and CEY having a policy of distributing all free cashflow to shareholders, I am not worried this will seriously reduce divis.

[dt1010] 05/4/2019 10:25

Nice language

[borisjohnsonshair] 05/4/2019 10:04

I don't casinos.

[borisjohnsonshair] 05/4/2019 10:03

Thanks - will do.

[plat hunter] 05/4/2019 09:54

JLP is an interesting read Kenny but i have to correct you, they're now generating earnings, not just revenue.Not a ramp as i never do but i would encourage others to read the JLP story, very altruistic too

[ukgeorge] 05/4/2019 09:50

If the solar plant does get the go ahead it may mean the dividend could get cut further. Which is a bit of a negative.

[kennyp52] 05/4/2019 09:40

If you like gambling Boris take a look at Jubilee Metals . Penny share on AIM but starting to produce revenues and 2019 accounts could be interesting .

[plat hunter] 05/4/2019 09:39

Clueless beyond words... "all on red, please"

[borisjohnsonshair] 05/4/2019 09:34

Hope you are right and as I'm a gambling man, my money is with you.

[wallywoo] 05/4/2019 09:23

Good for you Kenny, I am just playing the 80-90% probability this will quickly run up to 105-110p, and then on to pastures new, with the divi thrown in 1-2 month timescale. Lets see if I hit it

[kennyp52] 05/4/2019 09:11

wallywoo ... like Boris ... I trust the fundamentals and my instinct not graphs so take no real notice of these rampers / derampers . They could well be trying to move the price for some spiv in the city but I remain confident , and that is the problem with management of CEY at this moment in time , that if production hits or exceeds target IMHO we should see an upward movement on the share price . I am comfortable with my average and am prepared for longer term either way and take the dividends.

[thecroots] 05/4/2019 09:05

There aren't any paid rampers/derampers - just idiots

[wallywoo] 05/4/2019 09:00

Kenny, it is what happens when you let emotions get in the way of investing.

You start buying at the top and selling at the bottom. It is very easy to do, and even easier in these days of margin investing. AND of course the BB's, promote this by having rampers and derampers, some paid some not. If you read these pick out the gems, ignore the endless flack! - Develop your own rules for investing, whether using charts, fundamentals, buying / selling indicators and stick to them.

[kennyp52] 05/4/2019 08:56

DT1010 ... one of your posts earlier this year ...

“I am telling you. This bull market for gold will be the biggest ever. The big money will be made as ever by owning quality gold miners”

What has changed for you continually posting sub 80p , this is going to 70p ..the world is ending ?

Get a grip man

How many shared have you got anyway ?