Centamin (CEY) has announced a quarterly update including “as planned, Q1 2022 production reflected the successful transition to owner mining in the underground… reiterates its 2022 full-year guidance”, so what of a share price response currently down closer to 90p?
Fully-listed Gold miner in Egypt, Centamin (CEY), offered up its Q1 report this morning and whilst there were a few corners to celebrate, there was bad news – at least temporarily – for shareholders as the company reported cashflow of MINUS $21.4 million on reduced sales as the business model changed to owner-mining and much-increased costs. As I write, the shares are down 7% on the news at 90p, capitalising the company at £1.05 billion. But are things as bad as they seem?
Well, I look a right Charlie. Having spent the last 18 months trying to restore the investment case for fully-listed Egyptian Gold miner Centamin (CEY), the board now intends to chop the payout and the shares have tanked. What to do?
Centamin (CEY) has announced “the final quarter delivered what was a highly successful 2021” and that it is now looking forward to delivering on a clear roadmap to growing and unlocking further value from the Sukari gold mine in Egypt and its exploration portfolio. The shares have responded up to 93.425p and look to have much further to go.
Fully-listed Egyptian Gold miner Centamin (CEY) has this morning released its Q3 report and the good news is that, once again, all is on track. Guidance remains in place, with a couple of positive tweaks – and that suggests the dividend is safe. Indeed, it is possible that it could increase from guidance.
Gold miner in Egypt, Centamin (CEY) has announced half-year results emphasising “a strong financial and operating performance”. Now capitalised at £1.19 billion, do the results suggest value?
Fully-listed Egyptian Gold-miner Centamin (CEY) has delivered in line Interims this morning – although that is no surprise given that we knew most of the data offered already. What was a pleasant surprise was that the interim dividend, which I had expected at 3 US cents per share, has come in at 4 US cents.
Centamin (CEY) has issued a second quarter 2021 report, emphasising “in line with budget and on track to meet 2021 guidance”. Is there still attractive upside from a current 102p share price?
