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The question from the bus stop near the end of the world (Oz), is there some pressure/s on the SP to stay low? I can't see the info that may shed some light on this, but to look at "end games" that may see the SP hovering like it seems to be, after solid news...
1. A large shareholder is selling out, and needs to do so quickly ... perhaps needs the cash, portfolio rebalance. Silly if thissi the case, as the best way to sell a large position is by off market trade through a well networked broker. Major shareholder could be Pardy? El-Raghy? Insto?
2. A company wishing to make an aquisition, is fuding trades to keep the price low, in the hope that a low bid would be attractive, after a suitable period of time of price suppression. Any of the large gold companies might have a tingle at this.
thoughts others, evidence of this from those who have closer access to market stats? Or am I off the mark?
best
the gnome.
It cant hold onto any morning highs like i have stated a number of times as soon as the Yanks open the dollar rises and gold falls back and poor old Cey ends up in the red
They dont like gold and they will keep it down whilst they can
Another 10p and Liberum will be on target yet againp
Gold to go to 1650 before any bounce later next year
Spot on this is how it works with brokerages. Regulation on manipulation does not exist if OJ
Simpson can make a glove shrink what chance do us honest investors have making the glove fit.
Keep on going Sotolo I appeciate your comemnts and views.
A prophet is not without honour save in his or her own county.
Having looked at those share trades earlier ,I can only say that the relatively large fluctuations in price do not make sense.
Pure and simple IMO....Any share will struggle to break 000's
Hopefully this will on both the technicals and fundemetals..
Come on lets see CEY rise above 103.5
It seems that the post 16:30 trades are significant and probably the very quick sell note by Liberum has allowed one of its clients or favoured punters to snaffle a mere 1,081,893 shares at 16:35 at 97.60p for £1 million. A little snaffle of 200k shares 17 minutes later at 98.25p for £196k as well ? Expecting this to go back above £1 tomorrow.
Sotolo you are never happy about your investment decisions, whatever you do you always wish you had done something else, it really is a pointless exercise.
Who care's a jot about the other companies which might not be doing better or worse, or who sold or bought whatever , that is their decision.
I once had a more simplistic view of mining before we encountered some of he unexpected bumps along the way, but former and existing mining professionals on this forum and externally have been generous enough to give me the benefit of their experience for which I am very grateful because I am now able to understand and appreciate more of what professional mining actually entails.
Today's results are confirmation that Martin Horgan's forward strategy is sound and what has been achieved in such a relatively short time at Sukari is indeed remarkable and demonstrates that a last Sukari is being managed by true industry professionals.
I remain confident that Q4 result.s will not disappoint, but will be further confirmation of what a transformation has taken place at Centamin!
I also see no threat to or a reduction in present dividends , quite the contrary !
So why not use some of those sheets of calculations as kindling for the garden bonfire,then pour yourself a nice glass of wine or whisky and watch the stars!
Rebess there are a number of things that gave me encouragement. Yes additional opportunities in the long term such as the new exploration opportunities in Egypt, Medium term resource in West Africa and short to medium term ore that is being exposed at Sukari by the waste blitz. I am impressed that even with a strip ratio up at 9 and a higher cost per tonne they are still bringing in a positive result and what I am feeling good about is what looks to be the development of a structured and balanced base to work from. As I see it short term pain for long term gains.
What does worry me is the possibility of any negative response surrounding Batie.
Simply look back at previous RNS and it can be worked out- avg gold price will be higher than 1750 over the year unless it drops a lot…
Candid thanks. If aisc is approx $1250 and gold price approx $1750 then that is $500 per oz, add another $50 for lower cost or higher gold and you get up to $550 less royalty less 50% profit share times 420k oz so up to $105k profit less any further costs which is still a third lower than last year with your figures? Anyway let’s see when financials come out as if our profits are similar to last year the low share price would be absurd, but don’t think so, however thanks and cheering!
~102.6p to ~96.7p - what a weird range on a weird day !
Sotolo.. the prior year profits you are quoting are BEFORE the dividend paid to Egyptian Government , so you need to halve the figures you have quoted..this is Cey share
Also the profit attributable to Cey and the half year was $ 60 million so double that as a starting point and the approx full year profits attributable to Cey will be around $ 120 million , plus or minus some.
I think the EPS should be around $ 10 cents ... lower than last year , but still much higher than some of the prior years before that
On results day the price is always twitchy.
Very frustrating, especially as other PMs going great guns today
Hi DASUT
I must say, the same thoughts had crossed my mind. - But, as you suggest, some sort of arrangement must have been worked out in order to maintain separation/accounting.- For me, it's the most exciting part of the RNS. - Joining the dots going forward, with the new solar-facility coming into play, the savings in capex and what that will mean to the bottom-line is quite a prospect. - Always supposing there is commercial gold in Nugrus.
Nothing sinister just selling into the news once it's cleared then up we will go as nowt bad in the rns, it's not rocket science.
Sadly Mr Tibbles the Cey price has fallen below what Mando sold at, I still wish I had had his guts, but I do hope his or her buyback turns to profit and Cey rises back up, but I can’t see why it should with falling profits on the horizon till gold turns back up, which I am keenly awaiting but may be a while. Mando maybe now is a good time if you are a switcher and contrarian to buy Tui, I invested some Cey divi in it this morning, that I failed to invest in Tharisa last week, as I have too many Cey already
I think the market remains worried by the much high costs and thus lower profit. At current aisc and gold price we will be lucky to make 90m Inthink this year; while the last 5 years have been in millions:
314.95 172.92 152.65 205.30 214.75
So looks to me like this year will around 75% down and PE up
Even if I am making a heinous miscalculation explains why share price not interested in these results and Cey going nowhere for a while unless gold rises
Rebess I am somewhat fascinated by exploring for additional resources in the new exploration areas to supplement Sukari or extend the life of the current resource investment. I am not sure how this works when the terms of agreement of the new resource investments are different to the current Sukari agreement. I am sure this will have been closely investigated and incorporated into the new agreements that fully benefits Centamin otherwise it can be an admin nightmare complying with different legislation.
Thought I'd just read through a seeking alpha commentary on CEY. The basics were OK but the commentator banged on about CEY being a single mine owner and only in a Tier 2 country. At the end he disclosed his holdings which of course were in a Tier 1 country. I've looked up one of these Karora resources. It's worth around £300m but on an annualised basis only makes around £10 million profit on an output of 115k ish. It's all about increasing the amounts that come out of the ground apparently rather than what ends up in the accounts
I meant to add also that the reference to Dec.1st for further news may have spooked the market into a 'let's wait and see' mindset.
The SP and P/E ratio that market is prepared to pay is a subject in itself. - At times it appears as though the SP is on a leash with the holder of the leash in firm control. - This has given rise to speculation about manipulation and takeovers and I've been one of the speculators. -Based upon past shenanigans, I'm still of a mind to think that this strategy might still be in play. - If it turns out that this is the case, then it would be desirable for the SP to remain as low as possible for the accommodation to take place. It would also be in the interests of those who have assisted in bringing about this scenario. - As for the SP today, I believe there is much in the Q3 RNS to support an uplift and wouldn't be surprised to see a delayed-reaction in this regard. - How's that for sticking my neck-out?
If the SFA had any teeth they would look at the larger trades well after hours yesterday at above 100p. RNS would have been signed off by the NOMAD and brokers at that stage so it looks as if somebody(somebodies) was trading on inside information. Liberum has upped its sell target to 88p. Do hope they get burned at some stage on this and other AIM shares that they are "playing" in.