Centamin Share Discussion Threads

[plat hunter] 25/4/2019 12:54

What the funk are you day trading is "Always ignore the charts"

That has to be the most idiotic statement and claim I have ever seen in the same post. well done

[plat hunter] 25/4/2019 12:52

Of course you are steve.. Like everyone else who thinks they have to boast and convince strangers on the internet of their superiority and success. The rest of us just roll our eyes and carry on.

"The market can stay irrational longer than you can stay solvent"

[stevedaytrader] 25/4/2019 12:49

Prat Hunter- I mix, day trade mainly but also hold a few longer termers, and never pass up the opportunity to trade over a slightly longer time frame to make money. The markets reacts to news you plonker. I am a full time trader as was lucky(although we worked incredibly hard and were talented) enough to work within a business that sold well a number of years ago and I did real well, and have made significant profits since following my strategy- the market reacted to our exceptional results, providing me the opportunity- had we not performed, the market would have done the opposite.
I don't normally reply to silly posts like yours, but have to reply as your name is accurate for you :-).

[plat hunter] 25/4/2019 12:37

Steve you're not a day trader as your name might suggest, otherwise you wouldn't make such ridiculous statements.

The market dictates the price, irrespective of operating fundamentals. You can always buy and hold indefinitely and one day you might be rewarded and as such pat yourself on the back for making a great decision but in between that, the market will always dine for free.

[stevedaytrader] 25/4/2019 12:32

Plat Hunter- I've been posting for a few years, and always ignore charts, and post the same message from time to time- charts are used to explain the past (inaccurately in my view) but do not predict the future. Big moves are always on RNS, the algo's do impact, but RNS and news in the press is trigger. CEY will be higher than this before the next RNS and/or press news and if the next news is positive again, will move again significantly. Meantime, I expect gold to increase and this stock in line. This one fell hard on continued RNS poor news, and staff changes are always key, when done before the good RNS. Poor management and inability to act on staff changes is always poorly received by markets.

[plat hunter] 25/4/2019 12:05

Curiously it hit exactly 91p then fell back immediately... If doesn't hold above 91p over two consecutive trading sessions you're looking at the July 2018 pattern and that puts 70p back on the table.

The geo-political risks here far outweigh short term operational fundamentals in my view, it's till just a watch at the moment for me.

[trentendboy] 25/4/2019 11:59

95p is the target to then push on further

The mood music is certainly very positive - as long as there are no shocks the PE and yield make this an attractive purchase still

[plat hunter] 25/4/2019 11:20

There's the 91p breakout...

How anyone can say i was wrong here is beyond me.

[seemore] 25/4/2019 10:20

Simba,

What you are missing is sentiment - this is what drives share prices.

After multiple let downs in 2018, culminating in the Feb ann re dividend and 2019 guidance, for which the market was not prepared, sentiment drove the share price to silly low levels and valuations expecting even worse news in the Q1 results. Hence forecasts on here of 70p and even 50p. All against a background of bearish sentiment in gold and miners.

But Q1 results > guidance + other positives = restored confidence = better sentiment = selling pressure falls = rising price

This is the reverse of what happened in Feb when share price spiked on expectations re divi and hopes for 2019 guidance c560k based on a Q4 rate being maintained in every quarter in 2019. All going to be a tough ask.

Now, CEY price may rise for a short while as the news and good vibes reaches more investors, but at some point, the rise will at least pause, if not reverse unless there is another boost to sentiment. This could come from further good news / surprises from CEY and / or from an improvement in sentiment in gold and miners.

[borisjohnsonshair] 25/4/2019 09:42

I'm also paper profit Plat, the Prat, as it seems to matter to you......but not selling. Ask me again in 3 years or ask me one on sport, F Wit.

[plat hunter] 25/4/2019 07:58

Sibanye is one too look at 365If you like PM miners.Trickle down effect makes them easy to play.Money goes to ETF's first then big pits, then the minnows. The ETF signal played out last year and many of the big pits have started to bite now too. Nothing much on london apart from the small caps now though so you'll need to go to the US and SA.

[newtothisgame3] 25/4/2019 04:03

#Centamin PLC (#CEY:#LSE): operating issues in 2018 had dented investor confidence in the outlook for the business.

[newtothisgame3] 25/4/2019 04:02

#Centamin PLC (#CEY:#LSE): operating issues in 2018 had dented investor confidence in the outlook for the business.

[newtothisgame3] 25/4/2019 04:02

#Centamin PLC (#CEY:#LSE): operating issues in 2018 had dented investor confidence in the outlook for the business.

[creditcrunchies] 25/4/2019 00:38

PMs and defensives are the only ones I keep right up here on the peak of K2, dumped the rest last week it's like pass the parcel until the floor gives way. Obviously waited for the post ex-divi bounce to get the capital and the divis. Must be too much tea leaves for me :-)

[trader365] 24/4/2019 23:26

I was intelligent enough to buy FTSE base metal miners AAL, BHP and RIO in Jan 2016 but daft enough to sell 50% of holding at 100% profit and leave the rest to run for 3 years, thus could have made far more with a tweaked strategy

I believe the same opportunity will now arise in PM miners but timing is key, I wait...

[ken tennis] 24/4/2019 22:51

365 you sound relatively intelligent but (intellectually moribund springs to mind when I read most of your posts.

[simba_] 24/4/2019 22:07

What am I missing here?. No mention of Revenue, ebitda, eps as there was in Q1/18..FCF down from 34m to 14m.Cash/liquid assets down from 426m to 332m..Gold prodution and Gold sold also down..I hold but I'm not excited enough to topup on these results. Teach me, wise ones...