Sends shudders down spine and raises hair. Its no wonder we are going no where fast ,
Thank you for your thoughts on this we all appreciate them! Tibbs
To be honest I don't like to be involved in political debates because there are always two sides to it and it depends who you ask. My brothers are on different sides and you would get a completely different view from each one. The Arab summit in sharm elshikh finished and the Arab leaders decided to form a united arab army. Egyptian ground troops are already in Yemen now In control of the strategic areas. The Egyptian stock exchange was up today after a bad week last week.
Centamin's attractive but legal risks remain a worry: Despite the FTSE 250 group disappointing with earnings before interest, taxation, depreciation and amortisation down by 29pc to $165m on revenues 6pc lower at £473m, Centamin exceeded City expectations by whacking up its dividend. Having declared its maiden payout at the half year stage in August with investors getting 0.87 cents a share, Centamin said on Monday that the final dividend would be 1.99 cents, taking the full year payout to 2.86 cents. The news drew traders’ attention and the shares jumped more than 15pc to head the mid-cap index. They were able to put aside concerns about the higher cost of producing the precious metal, the steep decline in its price on the markets over the past few years and the legal problems Centamin faces at its one producing mine. The company held its production guidance at 420,000oz a year at a cost of $700/oz and said that this is expected to rise in the second half, to give a run rate of 450,000oz to 500,000oz a year. Combine this growth with the fact Centamin has no debt and now has a paying dividend policy of returning 30pc of free cash flow to investors, it would seem that the company would be a sure-fire upgrade to buy from the hold rating given by Questor six months ago. Centamin at 62.4p. Questor says “Hold”.
Was elected democratically with a huge majority as president by the Egyptian people! He has honoured his pledges and ensured free elections to reinstates a democratic parliament (Dissolved by Morsi!} Hardly military rule, especially when compared to many other countries! I don't think many Egyptians would like to have a situation such as that in Syria or Yemen if that is the alternative, which as we know is the case! In my view Sisi really is Egypt's best hope! Tibbs
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