We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
apropos1
1. Have you ever been in a bookies office to bet on horses and greyhounds or whether snow will fall on 25 December in your area. In other words are you someone who is prepared to lose money on a bet that can win or lose. If you are too nervous, than you can not afford to take the risk.
2. Do you have other assets like property that is not fully mortgaged or other funds that keep you in your life style that are well separate from the equity market as although cash loses against inflation, most of us need some to pay credit card bills and so forth and may need to fund emergency use.
3. Do you prefer a company like Hargreaves and Lansdowne that run funds on your behalf. They take a cut but their funds are either sector based, diversified or whatever. It does not stop you having some funds set aside to stock pick on a couple of companies and take a chance in a separate account but you play with small amounts.
4. Are you a trader, an investor or someone who wants to start with trading to build free carry profit that you later regard as part of your long term investment. There is a difference and you need to know what you want to be.
5. If your investment is 30% down at any point will you be sleepless at night, have anxiety or depression or are you optimistic and resilient enough in that it does not bother you. Equally if your investment is 30% up that you can resist greed by not adding what you can not afford onto a winning investment position. Handling emotions is vital.
6. You asked for education tips but the first place to start is yourself. Can you put time into doing research. Do you want to understand all about the gold commodity and what affects it as this in turn impacts gold mining companies. It takes years to make money from doing this and it only takes one very bad year to have 3 or more years to get back to where you were before. If you make 5-6% net over 10 years every year by doing everything yourself that includes a few minus years against the odd year that you got 20% or more than you may have protected yourself against inflation and then you have equalled the same performance from buying gold bars at or above 1 ounce that you bought from a National mint recovering their premium overhead and the differential between buy and sell prices.
All the best Tony
During difficult times brokers notes always seem more important, but they are after all only opinions on the day as we know things can change so quickly,also what are the brokers motives and are the notes aimed at short term traders or long term investors.
So always best to consult a numbers of notes from a range of brokers bearing in mind most of these analysts posses very little or no on the shop floor as it were practical geology or mining experience.
https://www.zacks.com/stock/research/CELTF/company-reports
Hi Tornadotone,
Very interesting account from your personal early life.
Amazing how Trump & Co could be so sceptical and deny climate change etc
I see on the cey website that last year’s Q4 was released on January 19th
And the previous Q4 on January 30th
I suppose the calendar of events will list the coming Q4 release date sometime soon.
Dog to the park here, I couldn’t bear the idea of a clean sheet Sunday on the board.
Go Lewis!
Thanks very much for the Zacks info halfpenny. Not such good news there eh?
Do you have any info on why/how they reached that decision. I'm not a subscriber ( either to their website or to what they are saying!)
The divi info was spotted in a random article from our 'friends' Motley Fool just over a week ago Olderandwiser.
Don
They are very exciting (if not astonishing!) grades and thicknesses of rhenium! Well spotted!
So if we normalise rhenium and gold to a per gram value
$1300/kgm=$1.40 per gram
$1800/ounce=$58 per gram
So the Rhenium intercepts:
108m @ 1230 gpt Re is equiv to 108m @ 30 gpt Au !
19m @ 5177g/t Re is equiv to 19m @ 125 gpt Au!!
etc. A few hurdles to jump over in terms of met recovery and being able to get a Rhenium rpoduct, but I know a lot of companies who would be talking very loudly to their share holders about this, putting on a plan, cross section, and putting some expert exploration commentary about this.
I feel like my pulse has returned!
Thanks
the gnome.
Centamin (OTCMKTS:CELTF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Thursday, Zacks.com reports.
I experienced many tornado's in my childhood with one wiping out all the houses at the bottom of my street in Illinois, but nothing on the scale we are seeing on the news tonight that hit Kentucky. I remember once running from a baseball field with a tornado dropping down behind me. Its why I call myself TornadoTony, I survived to tell the tale.
Yes Older@wiser,the source of that info .
Not possible until final results for 2021 unless a close insider gave it, unlikely though.
The original question was ? Strange.
Who on here would answer or give advice?
Very strange .
Can you please direct me to the source of the 5.3% 2022 dividend yield? That does seem odd, or a non-too subtle hint.
I've looked to buy in on this stock many times over past years but it never seemed quite right for me due to circumstances, price or where it stood as a company in its somewhat checkered history.
Things seem to me to be better management and direction wise currently with increased production on the cards and reducing AISCs albeit as has been raised with a degree of clarity missing with the ranges quoted but the general direction lower seems to be the way it's travelling.
So I've once again been drawn in by the share price level together with the dividend which is quite a consideration for me although I've read that:
'its yields for 2021 and 2022 sit at 7.2% and 5.3% respectively'.
Could someone please educate me if this is correct and if so why the divi drop when things are positive and moving forward ?
The growth potential + dividend north of 5% is very attractive but because of the low share price I'm wondering if I'm missing any key info here or if the price has just come back with the gold price?
Thanks.
Steve, what's your preferred "go to" PM AIM share now, for yield+ some growth ?
Makes sense when selecting a broad range for a portfolio but way too simplified when you’ve detailed knowledge of a company and a stock.
At a macro level here, like all PMs, gold price has dropped YTD, and not gained a bid yet despite inflation which is usually seen as a driver- the double whammy with inflation as it’s caused PMs costs to increase too- as is the case here with CEY, causing drop in SPs- Vitaly at Poly mentioned this twice this year and their SP got hit at these times. The divi is defo under threat here. The world moves fast these days, and I won’t be sitting and waiting here - just trade it around RNS when good news is delivered- removing risk if sudden downside like Oct2020 and the other day when the speed of recovery is just too slow. I’m a bit worried too about the next set of financials too for obvious reasons. Takeover is always possible, but only if people think they can do better with the core product.
I traded POLY yesterday when I used to trade CEY around US data points - price action since the 8th has left me nervous.
The risk reward on gold PMs at the moment is it giving more risks with less reward. By providing such a broad range in the AISC- doesn’t give me confidence.
All PMs need a gold bull run to state the obvious, despite many predicting this last summer, it’s done the opposite.
Quality and value are two important drivers of stock market returns - yet many investors fail to take them seriously. At a time of deep economic uncertainty, using these two powerful factors to find stocks could help you navigate market volatility.
The Centamin share price has moved by -1.19% over the past three months and it’s currently trading at 91.4p. But what's interesting about this share is its potential exposure to the influential profit drivers of high quality and a relatively cheap valuation.
This matters because at a time when many investors are on the lookout for cheap shares, it's important to know the difference between a genuine bargain and a value trap. The secret is that it's often the quality of the stock that makes all the difference. While no stock is immune from a sudden setback, focusing on quality and value is what some of the world's best investors do.
Good quality stocks are loved by the market because they're more likely to be solid, dependable businesses. Profitability is important, but so is the firm's financial strength. A track record of improving finances is essential.
One of the quality metrics for Centamin is that it passes 5 of the 9 financial tests in the Piotroski F-Score. The F-Score is a world-class accounting-based checklist for finding stocks with an improving financial health trend. A good F-Score suggests that the company has strong signs of quality.
Buying at a fair price
While quality is important, no-one wants to overpay for a stock, so an appealing valuation is vital too. With a weaker economy, earnings forecasts are unclear right across the market. But there are some valuation measures that can help, and one of them is the Earnings Yield.
Earnings Yield compares a company's profit with its market valuation (worked out by dividing its operating profit by its enterprise value). It gives you a total value of the stock (including its cash and debt), which makes it easier to compare different stocks. As a percentage, the higher the Earnings Yield, the better value the share.
A rule of thumb for a reasonable Earnings Yield might be 5%, and the Earnings Yield for Centamin is currently 21.8%.
In summary, good quality and relatively cheap valuations are pointers to those stocks that are some of the most appealing to contrarian value investors. It's among these shares that genuine mis-pricing can be found. Once the market recognises that these quality firms are on sale, those prices often rebound.
Here's where that difference shows up:
https://www.stockopedia.com/articles/why-quality-and-value-might-be-key-drivers-of-the-centamin-share-price-253789/
Hi Patrk
Well I fell for it , wishful thinking I suppose, but we should be back well over a pound in the new year as things become clearer, its not unusual for Centamin to get a kick in the balls at this time of the year!
Rhenium is a chemical element with the symbol Re and atomic number 75. It is a silvery-gray, heavy, third-row transition metal in group 7 of the periodic table. With an estimated average concentration of 1 part per billion, rhenium is one of the rarest elements in the Earth’s crust.
https://www.lenntech.com/periodic/elements/re.htm
https://ion4raw.eu/service/rhenium/
Well done Don!
Quite so Mr Bond, this confirms Martin Horgans decision to carry out an up to date review of the Sukari resource, I heard rumours early on into the exercise that they were quite exited about some of the findings.
Hi Mr Gnome,
The new BOE governor is turning a blind eye to the problems that are waiting down the present road , this is a very interesting webcast ‘The Paradigm of Money’ .
The shocking findings of their feature documentary on Wall Street corruption.
https://www.youtube.com/watch?v=MTpsfEhOdSQ
The fact that AISC figures produced by mining companies is highly selective explains why even “low AISC” companies somehow never make enough net free cash to pay dividends. Not only that but many of these ‘highly profitable’ companies find themselves having to come back to the equity markets over and over again, to refinance.
Good find Don.
So there is the possible "Bonanza" find.
Just need another in the open pit.Once cleared.Remember there is a chance of opening up into underground in there ,possibly.
Hi TornadoTony,
Thank you for your pragmatic analysis and pointing out some important positives on this important issue.
Having now read this Note it appears to have been published before the Webcast. The Note claims base case is 460K pa whereas the transcript makes clear that 500K is the targeted base case and CEY expect to build on this. CEY apologised for the confusion over the 460K lower limit which appears misleading but was accounting procedure
Buying opportunities at these low prices
I am sure the BOE can slash interest rates, but there are ramifications.
1. No point in holding cash in bank...you ARE paying the banks to do this whilst your buying power rapidly deteriates
2. Following from 1. Cash will run to create asset bubbles in real assets, and has done and is doing this. We have several bubbles bubbing merrily away.
3. p/e ratios are abnormally high, and in some cases insanely high. Of course they are banking on future earnings is the waffle, but "future" waffle in such an uncertain world, full of disruptions pandemics and incompetent governments? Good luck on that one. BUt the Lemmings love it , and we know something they might not...
4. Trust as one of the most important commodities you can't buy, goes outside the room, and when this happens, prices go up, business costs likewise, regulations increase, the velocity of effective invesments goes down, and uncertainty goes through the roof.
So yes, the lunatics have a firm grip on the asylum, and the BOE may do what it likes, but I would suggest caution is not a bad position to be in.
If you have a look at the gold price before "trust in the markets" and the all enabling (and very distracted -other things on his mind) rubbish of the Clinton era, the trend of gold has been inspiring (hint, look on a linear scale)
https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart
$500-$1800 in 20 years....and what has the us$ done ... purchasing parity...
"When The Economist introduced its Big Mac index 35 years ago, the ubiquitous McDonald’s hamburger cost just $1.60 in America. Now it costs $5.65, according to an average of prices in four big cities. The increase comfortably outstrips inflation over the same period."
my bet, the price of a hamburger will go to $10 !
best
the gnome.