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I think I could live with the share price over £3 and a dividend of 18.5p ------------------Lets hurry up and get there!
European stock indexes traded broadly lower for Tuesday's premarket operations after the European Central Bank (ECB) warned about a weakening in the euro area's economic indicators for the third quarter of the year, as well as the comments on policymakers not considering rate cuts for now.
The German DAX lost 0.15% at 7:32 am CET, while the CAC 40 fell 0.23%, and the FTSE 100 declined 0.12%.
The euro was down by 0.08% against the dollar at 7:46 am CET, selling for $1.05850. Also, the pound lost 0.10% to go for $1.21997 at the same time.
Baha Breaking News (BBN) / AC
Peel Hunt is expecting gold miner Centamin (CEY) to use its cash to increase payouts to shareholders or embark on further M&A.
Analyst Peter Mallin-Jones retained his ‘buy’ recommendation and reduced the target price from 325p to 310p on the stock, which eased 1.4% to 86.4p on Monday.
Mallin-Jones left 2023 estimates ‘broadly unchanged’ after first-half results as ‘lower costs roughly offset lower revenues’, although he trimmed dividend per share estimates to 18.5p, ‘holding it at 50% of our revised free cashflow, reduced on the higher-than-expected Kazakhstani withholding tax payments’.
‘We allow for a steadier transition to cut and fill mining [when the opened mine is back-filled with waste materials as each layer of ore is removed] through 2024/25,’ he said. ‘Allowing a slower conversion over to cut and fill means that despite lower-than-expected cash costs our target price falls 15p to 310p on lower 2024 Ebitda. [earnings before interest, tax, debt and amortisation.]’
Mallin-Jones is expecting ‘cash to build from the second half’ that will support ‘either increased payouts or M&A activity from the team over time’.
https://citywire.com/funds-insider/news/expert-view-jadestone-energy-phoenix-group-thg-devolver-digital-centamin/a2426550
Thanks for posting Dansul , sadly is more "can kicked down the road" ... 2025 and beyond.
Each year the good times seem to 2 years away. I am beginning to wonder if I will see them before I hit the end of the runway.
DJ Centamin's Share Price Seen as Undervalued -- Market Talk
2023-09-25 09:53:00 AM ET (FW)
DJ Centamin's Share Price Seen as Undervalued -- Market Talk
1352 GMT - Centamin will see a steep rise in Ebitda over the next few years, which the current share valuation seem to overlook, Peel Hunt analysts write in a research note. "The shares do not seem to give credit for rising output at Sukari [gold mine] or the longer-term growth at Doropo [gold mine]," the analysts say. The Ivorian Doropo mine will drive the gold mining company to $500 million in Ebitda per year on better gold pricing, grid power benefits and better grades from 2025, they say. "Fast forwarding to 2027 and a productive Doropo could see a share price of over 180 pence, even before benefiting from any further exploration successes." Peel Hunt maintains a buy rating on the stock, while lowering its price target to 125 pence from 135 pence. (christian.moess@wsj.com)
(END) Dow Jones Newswires
September 25, 2023 09:53 ET (13:53 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.DN202309250039592023-09-25 13:53:00.000003959DJNF
GLTA,
Dan
Sept. 25, 2023, at 9:04 a.m.
CAIRO (Reuters) -Egypt will hold a presidential vote on Dec. 10-12, the elections authority said on Monday, with President Abdel Fattah al-Sisi widely expected to win reelection despite an economic crisis including record inflation and foreign currency shortages.
Sisi, 68, can stand for a third term due to constitutional amendments in 2019 that also extended the length of presidential terms to six years from four, opening the way for him to stay in office until at least 2030.
Sisi was declared winner of both the 2014 and 2018 elections with 97% of the vote. In 2018 he faced just one opponent, himself an ardent Sisi supporter, after the main challenger was arrested and other hopefuls pulled out, citing intimidation.
Election results are expected to be announced on Dec. 23 and, in the event of a run off round, final results should be announced on Jan. 16 at the latest, the election authority said.
https://www.usnews.com/news/world/articles/2023-09-25/egypt-to-hold-presidential-election-dec-10-12
--------------------------------->>>>
dictator playbook rule # 634 ; secure power before the economic crap hits the fan
Sounds like the Hedge funds dont realise ,that they are helping kill US4$ in the future as more countries get away from dollars and US Gov bonds.
In just the last few years the world has changed , and got away from the dollar and its Hedgmemon,.
More will try
USA hedge funds and other entities have shorted the yen at highest ever levels. They are trying to force Japan Central bank to hike rates. Japan is against doing it as inflation is 3.2% and the highest it rose to was just 4.3% a few months back and is falling back again. Japan Central bank has said the aggressive action by USA hedge funds would be responded to as they see it as an attempt to crush their currency and undermining their policies in managing price stability in Japan. The likely response is the sell off of billions of USA Treasuries and heavy selling of USD. The latest on Bloomberg is that USA investment sources are taking on JCB and will continue to force devaluation of the yen and they intend to exploit Japan's requirement to import oil by taking out more long bets on oil.
I presume the purpose is to weaponize the strength of USD by weakening all other currencies where they can. The pound has been dumped for not continuing with interest rates rises despite having been net purchasers of USA Treasuries. The Japanese and also Saudi Arabia public have been heavily buying physical gold.
We should know soon when yen breaks higher above 150.
Shame the SP has plunged too!
Major stock market indexes in Europe traded lower during Monday's premarket as investors awaited European Central Bank President Christine Lagarde's speech before a European Parliament panel scheduled for this afternoon. The German Ifo Institute is also expected to unveil its latest business climate report on Monday morning.
The DAX decreased by 0.19% at 8:00 am CET. At the same time, the FTSE 100 declined by 0.29%. The Eurostoxx 50 dropped by 0.31%.
The euro traded flat versus the dollar at 7:58 am CET to sell for $1.06437. At the same time, the pound sterling was also flat against the greenback to sell for $1.22373.
Baha Breaking News (BBN) / JJ
Happy Monday y’al
Shame divi has plunged
17/18 13c
18/19 14c
19/29 8c
20/21 10c
21/22 8c
22/23 8c
23/24 2.5 c interim (first of two) Average over 10c. Even last couple of years have been 8c @around 20% down. This year likely under half historic and 40% down in a year around 5c. No wonder share price has more than halved to give same yield
Ps figures from dividend max
Https://jessescrossroadscafe.blogspot.com/
Tuesday is options day on gold.
Historically, those who controlled the salt controlled the power!
The world's monopolies may have changed, but salt remains vital to our existence. Beyond the dinner table, it sits at the heart of the chemicals industry and lifesaving sanitation.
'Material World: A Substantial Story of Our Past and Our Future', written by Ed Conway, explores which materials we have relied upon to build civilisations and how we will use them to forge our future.
https://www.bbc.co.uk/sounds/play/m001qm72
Gold and Silver aren't commodities they are currencies!
Borrowed and sold gold paper must be repaid !
Algos mindlessly selling paper against a physical gold rally!
https://rb.gy/2tuym
Thank you Mr Bond,
Just a "Number cruncher", albeit a very senior and highly paid one ,who although holding the company purse strings may have never visited Sukari and who may know, or have very limited knowledge and understanding of mining methods representing Centamin at specialist mining conference?
Divi payout a week today.
Is a senior Accountant, no more.
Has he ever been to Sukari,, possibly never.
He does not need to . His team receive figures and process , boring you may think .
Yes indeed as I found out many ,many years ago.
But then I was from a family of miners, which I went back to .
But that accountancy served very well, but in control of more than figures.
Enjoy your weekend , Hi de Hi.
There was a really naughty USA President who had a bad memory and farted a lot and slept most hours of the day. He decided his chances for re-election were quite small and that he may be in the land of the fairies next year in any case. So he decided to splash loads of money and he borrowed $1 trillion dollars and put it on his overdraft bill and spent it in just 94 days. The overdraft was already a whopping $32 trillion and he managed to get it to $33 trillion. The previous year the interest payment was just $400M, but the banks relied on getting their money from somebody else and they wanted higher interest repayment cheques. After the naughty President's spending increased that interest bill was now $970M.
Unfortunately nobody overseas wants to loan more money as they worry if it can get paid back and they think mass production of dollar bills is going on in the background and unlike gold was just the same price as toilet paper. They also sensed a sting operation in play as everyone knows that false data was used to manipulate stock equity movements which are set up for profiting by bank cartels who had inside knowledge as to who won the race that day and who lost before the race was run. Before they were reasonably careful to hide such things, but now they do not care and know they will get no punishment for also being very naughty. As the President and others rely on their banks to give them money they do not mind if they cheat and lie to everybody else and tell them goldilocks stories that do not in anyway relate to their realties of all the people who they take money from.
Unfortunately all this trickery and naughtiness with other people's money comes home to roost. Eventually everyone stands up for a major change as what is real becomes obvious to the dumbest of all people. The naughty Presidents and the bank cartels are then dragged out to end up being marshmallows with big sticks put through them and then barbecued.
The bedtime lesson is to be better than the naughty people and to be the best you can be and to always remember that you can not fool all the people all the time.
Hi Razor's,
I agree everything Jarrard referred to was in the present, but then at that time Pardey spoke of the present and indeed predicted so much for the future and what causes me some concern is at that time Ross Jerrard was in the same post of Chief Financial Officer.
So when its claimed the company is in new hands that's not entirely correct, because the ship has the same "Purser" who surely should, would or at least have had some some suspicions that Captain Pardey had been sailing far too close close to the wind and pursuing a very dangerous course for some years until inevitably the good ship Centamin hit the rocks!
So I really do hope that things will really be very different this time !
Tibbs
Sorry to bother you again, but livingin the past is not an infallible guide to the future...
It can be misguiding
I would take Pardey with a pinch of Salt, as big as a salt lake in West Australia! LOL
I would belive in fairies first, what a joke
Do your own research only my personal opinion of course, and what would I know..~~~
CEY are in far better hands
the gnome
Of course, the latest pronouncements are a contemporary account of things, as was Pardey's at the time.
Quite so Rebess , Andrew Pardey was a two faced stinker who spoke with forked tongue!
https://rb.gy/6o7cx
https://seekingalpha.com/article/4244057-centamins-celtf-ceo-andrew-pardey-on-q4-2018-results-earnings-call-transcript
Old timers here will recall Pardey presenting at Denver and confirming that everything was going according to plan and on course to meet forecasts. - Within days of his return home, he then performed a complete about face. - Take Denver with a pinch of salt, it's used as a platform to achieve certain outcomes, but truth is not necessarily one of them.
The currency of a country which is broke bar its ability to print as much money as it wants ....is the back bone of the global financial system..LOL