Centamin – Endeavour deal off, ups dividend, shares down. BUY

Fully-listed Egyptian gold miner Centamin (CEY) - my tip of the year at 117p or so - has announced that the proposed possible offer from Canadian-listed Endeavour is off, after the two sides failed to reach agreement over valuation. Shares in Centamin are off by 8% on the news, to 117p, though we also now know that Centamin’s final dividend will be a tasty 6 US cents, above the previous stated target of at least 4 cents as I had suggested was on the cards. Added to the interim of 4 cents, that makes 10 cents – around 7.7p. At the current share price, that comes out at a yield of 6.58%...

Centamin – 2019 production numbers missed; a sell? Er, no…..

Fully-listed Egyptian gold producer Centamin (CEY) has released its FY19 production numbers – showing that the company missed the lower end by around 10,000 oz gold. Whilst a bit of a disappointment, the shares are actually up on the news as 2020 production guidance is unchanged and whilst the company had hoped to scrape in with 490,000 ounces, after a difficult year it is not entirely surprising that it didn’t quite make it...

Centamin – deadlock broken (for now) with Endeavour. Now will the potential offer be upped?

Better news emerged yesterday from Egyptian gold play, fully listed Centamin (CEY) with regard to its previously stalemated position with potential all-paper Canadian suitor Endeavour Mining. It seems that Endeavour has now furnished Centamin with the due diligence paperwork requested and in return Centamin has requested and got an extension to the PUSU (put up or shut up) deadline at the end of this month to give Endeavour until January 14 to decide whether to make an offer.

Centamin (#CEY) – Endeavour Mining urges it to request PUSU period extension from Takeover Panel to January 31, 2020

Centamin updates on possible offer from Endeavour

Canadian-listed Endeavour Mining updated on progress with its proposed bride on Monday and now today fully-listed Centamin (CEY) has responded with a downbeat statement. But despite Centamin wriggling, it still looks as though things could progress.

Centamin – is it game on as talks with Endeavour get underway?

Having noted that fully-listed Egyptian gold miner Centamin (CEY) had rejected approaches from Canadian-listed Endeavour with regard to a proposed all-share tie-up on grounds of valuation, but that Centamin had not turned its nose up completely, this morning we learn that talks have finally got underway. Is it game on, then?

Centamin (#CEY) – having entered into a mutual non-disclosure agreement, Endeavour Mining updates on “preliminary engagement”

Centamin (#CEY) – CEO steps down, appointment of CFO Ross Jerrard as Interim CEO & Jim Rutherford as Deputy Chairman

Centamin – a buy from here? Yes!

Fully-listed Egyptian gold-miner Centamin (CEY) saw its shares riding high on Tuesday in the wake of news of a potential bid from Canadian peer Endeavour Mining in the form of a proposed all-share deal which valued Centamin at around £1.5 billion. The shares, having been knocking around 110p moved up to 130p at the top – beating the intimated deal price of 126.27p – but have since dropped back and closed last week at 118.55p as the market appeared to lose interest. So is it now a buy?

Centamin – blow me down, a potential bid!

It’s not often that this happens to me, but my little holding in fully-listed Centamin (CEY), the Egyptian gold miner, shot upwards today as it has received a possible bid from Canadian-listed Endeavour Mining Corporation. The proposed all-share deal has thus far been rejected by Centamin but the stock has closed 14.8% higher at 128.8p which perhaps suggests the market can see something happening, if not with Endeavour then with some other possible suitor.

Centamin (#CEY) – Q3 gold production 98,045oz, taking YTD to 332,141oz, “bottom end of full year production guidance, 490,000 ounces, remains the target”

Centamin – 150p target hit so time to top-slice

It wasn’t a formal tip from me but having mentioned fully-listed Centamin (CEY) a good few times saying I had a target of 150p to top-slice, it seems only fair  that I flag up that the mark has been reached so a further handful of my shares are going into the shop window.

Centamin – Full marks to Gary Newman as Interims impress and divi is raised

I commented that I had bought shares in fully-listed Egyptian gold miner Centamin (CEY) at around £1 with the proceeds of my part-sale  of AIM-listed Turkish goldie Ariana (AAU), partly thanks to Gary Newman who thought that the shares had overreacted to bad news. This morning Centamin reported its Interims…..

Centamin (#CEY) – Q1 above-forecast 116,183 ounces of gold production, costs trending toward lower end of annual guidance

Is the Lure of Gold more Glittery for You as the Brexit Mess gets Messier?

Hello, Share Screechers. With so much uncertainty in the world and dire warnings about share prices, some given on this beautiful website, it might be worth considering other forms of investment. I’ve been tempted by buying works of art, but as I know nothing about the subject I decided against it. And that's despite some huge profits art investors have seen over the last few years.

The market has vastly over-reacted to Centamin's results - it remains a long term buy for me

The market has been slaughtering even the larger companies over any sort of disappointing results recently, but for me that further strengthens the argument to buy shares in Centamin (CEY).

Don't Be in De Nile About the Hedge Benefits of Gold. Look at Egyptian Miner Centamin

Hello, Share Jumpers. As the Footsie continues to gain ground with the growing prospect that there’ll be a Brexit soft landing, after all, you could be tempted to veer away from investing in gold. But I’m still minded to have at least a toehold in this hedge against recessions, both homegrown and worldwide...

Tell your Mummy. There's Still Gold in them tha' Egyptian Hills.

Hello, Share Twisters. Not that long ago I suggested you might buy gold. And in particular, shares in an Egyptian miner, Centamin (CEY). Its share price has risen by about 25% since then.  But I claim no credit for that, as there was little doubt that gold is becoming more desirable. 

Did the Three Wise Men's Gold Come from Egypt? Centamin Certainly Knows How to Find It

Hello, Share Punchers. With fears of Brexit continuing to cancel out the Santa Rally, our thoughts should turn more to that useful hedge against disaster - gold. Now short of buying a few gold bars, which I haven't entirely discounted, by the way, the best way to take advantage of gold is to pick up mining stock. There are a lot of small gold explorers and even producers that I will continue to avoid. But the larger ones might be worth looking into...

Keep buying any weakness in Centamin as the company is now back on track

Centamin (CEY) has had a bad run of form of late, but I believe that this is just a temporary blip in its fortunes and it presents a fantastic buying opportunity for the future.