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That`s been the position for months.
Agreed, picked up some myself too
This will be a dream entry by the time we get to H2
Many goldies will be pay paying higher dividends unless our share price falls to take account of coming (and expected) divi reduction (which it seems to be doing). Our forward yield at £1.10 will be around 3.8%
However all this is entirely as expected and have been suggesting a final fall at these latest figures too over the last 18 months, before the. 2023 recovery (we hope). At least it is getting nearere
Nice sale :)
sub 80 I reckon once auctions done
Unable to buy on IG atm
topped up I did call sub 90p a few days ago once I cleared out the holding on the spike above 106p. NIce.
I am informed and I can tell you that this is heading a lot lower..I aint selling but I am fuming at the naivety of the CEO in putting out that rubbish ... far more needed in that RNS about the future not bullet points with not comparision.
I've just taken the opportunity to top up for some of that jam tomorrow. If there is a better dividend paying gold option in this space, I havent found it.
Market is backward looking after all.
Hopefully as informed shareholders we can use this ongoing opportunity to acquire (should it sort portfolios to do so) , knowing that a turnaround is underway and whilst the results don’t stack up against last year at face value, we know the reasons why, and that progress is being made by the CEO and company to deliver on the planned changes, which should result in an improvement of fortunes?
Jam tomorrow - but we knew that- never know how much is priced in on or not, but be very surprised if this isn't a drop day alas. Following this, q1 results and subsequent ones are obviously key to show an up turn from the down downturn- words are only good when subsequent actions prove them.
I think a fall is pretty certain. Not just because of the amateur attempt at spinning the RNS but also because the gold price is breaking support and heading below 1900 this week...sadly.
I’m going to take a stab and say the market will not be happy with the results. Forward promises are all well and good, but on paper results are what matters (in my limited experience) and the numbers don’t stack up well, for the variety of reasons well discussed on this forum.
No that is this year. Next year they promise 5cents
I think Sotolo has it right. Minimum for 2022 FY will be 5c
This will bring the total dividend attributed to full year 2021 to 9 US cents per share (US$105 million)
From report “ our intention to pay a minimum 5 US cent 2022”
The current price has Centamin around its usual 14-15 PE rate. When the company is out performing in the past it was as high as 20 PE. Before profit share the PE was kept to 10. I therefore expect Centamin to be no change at the open. As I thought we have a lot of significant news in-bound during the year. Centamin is setting up as a growth share. They are spending now to deliver a stronger company in H2 and for next year. Hopefully we will get a broker note to capture their perspective.
Isn’t the dividend 9cents per year as per below
Consistent with the Company's stated commitment to shareholders, the Board proposes a final dividend of 5 US cents per share (US$58 million). This will bring the total dividend attributed to full year 2021 to 9 US cents per share (US$105 million)
Hope I am wrong but considering reduction in dividend going forward and short termism of most traders the SP looks likely to fall further. Need some good news from management on number of ounces and costs i.e. the things they can control.
I for one, love boring results when a company gives you exactly what it said it would. Could have done with a few more of these over the last year.
The figures are as bad as we expected, but going forward looks better although the promised min dividend for 2022 financial year of nearly half ie 5cents as supposed to 9cents this year just ended, L meaning a 3.5% yield at this price and 1.8% if we went to £2 so end of the days as a high yielder, again as expected. Question is will the market clobber us for seeing all this in black and white, what management had already said, or will it now look forward and despite the lower dividend (again as expected) begin to rise? I expect down before you but certainly no soaring, and we could be saved by gold rising…..or fall into losses as it tumbles below $1500 while the likes of Barrick and most miners still making hundreds of dollars an ounce.
“ As expected, and in line with our three year reset plans announced in December 2020, Centamin's cash flows and earnings declined in 2021 due to lower gold production and sales, higher costs and increased capital expenditure spend. Operational cash flow decreased by 32% to US$310 million, cash flows from investing activities was impacted mainly by gross capital expenditure of US$241 million (predominantly invested in the long-term sustainability of the business). Adjusted Group free cash flow[2] declined by 104% to negative US$6 million, after profit share distribution of US$75 million to our partner, the Arab Republic of Egypt.”
tired of the same old results, jam tomorrow.
1st read as nothing exciting but will top up on weakness -as ever who knows which way the market will react.
Nice income from dividend.