Fully-listed Egyptian Gold-producer Centamin (CEY) released its Q2 report this morning. The good news is that all seems on track to meet full-year guidance as the company continues its recovery from the ground movement issues last autumn and an interim dividend is on the way.
Last week the Gold price closed up just $6 at $1788. This week it has put in a slightly less modest increase to $1808. Gold has notched up a hat-trick of weekly gains; I’m not so sure that this means it is time for the return of the Gold bull-market just yet, but there are some positive signs.
Centamin (CEY) says that it is “pleased to announce” the results of a review of its West African exploration portfolio. Companies always say they are pleased to announce - should Centamin be pleased? The shares are down on the RNS.
Fully-listed Egyptian Gold-producer Centamin (CEY) updated the market on its West African portfolio of exploration assets yesterday. Broadly speaking, one – Doropo - is being progressed, a second- ABC - is to undergo further testing and a third – Batie West - looks like being shelved. Since I have largely ignored these assets as I value Centamin as it stands now, I’m not so concerned with shelving assets – but the one which is being progressed looks very interesting and could add significant value.
Centamin (CEY) has always been one of my favourite gold producers, and although I may not be as bullish as fellow ShareProphets writer Nigel Somerville, I still expect the metal to do well over the next few years.
Fully-listed Egyptian gold producer Centamin (CEY) offered up its first quarter report this morning and the big news is that once again the outlook is unchanged. Given the ground movement issues revealed last autumn and the consequent reduction in gold produced and higher costs, it is pleasing to see that the company’s response is thus far working out as planned.
Gold miner in Egypt Centamin (CEY) has announced its results for the 2020 calendar year, emphasising “record revenue of US$829 million… generated significant free cash flow, of US$142 million, a 91% increase, making it possible to propose and pay dividends attributable to 2020 of US$104 million” but also ‘impacted guidance’. But that impacted guidance was already known about, there were no new nasties here. Indeed...
Gold miner in Egypt Centamin (CEY) announced results for the 2020 calendar year emphasising “record revenue of US$829 million… generated significant free cash flow, of US$142 million, a 91% increase, making it possible to propose and pay dividends attributable to 2020 of US$104 million” but also ‘impacted guidance’. A recovery buy?
Fully-listed Egyptian Gold-miner Centamin (CEY) has had a torrid few months and the shares are looking battered and bruised. Tomorrow sees full-year results to December 2020 and my hopes are high for a turn of fortune for this ongoing tip of mine – but it is a nail-biting wait!
This has not been a very good share tip so far. But things are getting better for the company and the share price and they will get better still. It takes a while to restore both output and even longer to regain investor confidence. A Q4 2020 Report from Centamin (CEY) emphasises that 2020 results will be in-line with October guidance and reiterates the 2021 outlook . This has helped the shares higher but there is more to come. On what has not been a great tip so far we suggest averaging down.
Fully-listed Egyptian Gold producer Centamin (CEY) has reassured the market this morning with its fourth quarter report for 2020. The company has certainly had a torrid time of it since the announcement that ground movement had been detected in a waste dump which led to the suspension of open-pit mining at the West Wall. But this morning the company announced that it had reached revised target production for the year.
My second tip for 2020 last year in the ShareProphets Christmas tipfest was fully-listed Egyptian Gold-producer Centamin (CEY) at 117p. It has been a great time to be investing in Gold but it has not been an easy time for investing in Centamin and ground movement difficulties emerged which affected production and continue to do so. So has this tip been a failure?
Fully-listed Egyptian Gold-producer Centamin (CEY) has released RNSs showing that its top brass have been dipping into their own pockets to buy its shares in the wake of last week’s updated mine plan. As discussed HERE and HERE there is plenty to suggest that the offering of a very attractive dividend has much to commend the shares and now Chairman James Rutherford and CEO Martin Horgan have shown the way.
Centamin (CEY) has updated on actions it is taking to ‘unlock its potential’...this has been a poor share tip from us but this is the cue to average down and buy
Centamin (CEY) has updated on actions it is taking to ‘unlock its potential’ – including expanding and extending an existing drilling contract and commencing a waste contract. However, more pertinently here is the outlook on production...
Fully listed Egyptian gold-miner Centamin (CEY) has released the promised life of asset review this morning. In the wake of ground movement troubles, this an important step in regaining investor trust. The good news is that the shares did not fall precipitously…..
I have said before that I think the sell-off in fully listed Centamin (CEY) following its ground movement troubles is way overdone, and marked the stock as a buy. But with the shares heavily down again - this time not on news from the company, but on Pfizer’s news on its Covid vaccine - you can now pile in for just 113p a pop. With another update from the company due in just three weeks, do you feel lucky, punk?...
