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Yep, gold running!
August Payrolls 235K, Exp. 725K
There has been a lot of nervousness expressed on this BB.
What people here need to understand is that when a stock goes XD - "the value of a share of stock goes down by about the dividend amount" - for more information see - https://www.investopedia.com/articles/stocks/07/ex_dividend.asp - what is happening here is near normal behaviour.
Centamin is a good stock with good reserves - one of the few stocks that pays a good regular yearly dividend - you will be hard pushed to find a similar rate of return in a bank or building society.
Sit tight and see what happens to this share price over the next few weeks as the price of gold goes up and people wake up and see the value in this stock - as already pointed out by a contributor (my apologies for forgetting your alias) read this article by Alisdair MacLeod of Goldmoney - https://www.goldmoney.com/research/goldmoney-insights/inflation-is-a-monetary-curse
Good luck in all your investments - please do your own research and make your own investment decisions - do not risk more than you cal afford to lose.
I'm looking at the same thing. Not enough investor confidence right now following the dividend payment. I for one am in that boat, already over-invested from averaging down and currently about breakeven including the paid dividend. But I'm still bullish on the next week's value after this US jobs report is out of the way and I believe basically all materials are in short supply currently.
HOC up 6.5% and here we are languishing at 0.6% up. Pathetic
2021 DIVIDEND INTENTION
Reflecting the Company's confidence in the outlook for the year, and progress delivering on the reset plans, the Board reiterates its intention to recommend a total dividend of US$105 million (interim and final). Therefore, this implies a final dividend of approximately 5.0 US cents per share (US$58.7 million). The final dividend will be announced with the 2021 Full Year Results in Q1 2022 and remains subject to Board approval and shareholder approval.
DIVIDEND TIMETABLE
Below is the final dividend timetable for the London Stock Exchange and Toronto Stock Exchange
Ex-Dividend Date: 2 September 2021
Record Date: 3 September 2021
Last Date for Currency Elections: 8 September 2021
Payment Date: 30 September 2021
CURRENCY ELECTIONS
The dividend will be paid on 30 September 2021, in US Dollars ("USD") with an option for shareholders to elect to receive the dividend in Pounds Sterling ("GBP"). Currency elections should be made no later than 8 September 2021 as per the instructions detailed on the Company website (www.centamin.com). Payments in GBP will be based on the USD/GBP exchange rate on 10 September 2021 and the rate applied will be published on the website thereafter.
https://www.tietto.com/projects/abujar-cote-divoire/
Diagram intended for those who know Côte d'Ivoire.
[None too pleased with today's SP. Tenacity required.]
wow - a lot of effort to keep this supressed.
Short tracker only shows net short positions above 0.5% so when World Quant dropped to 0.46% it shows as zero. Euro clear shows all stock on loan ( so not just net short ) it shows all stock lending and it has reduced over August by nearly half a percent to 4.04%
Short tracker now showing zero. If that is accurate Worldquant have closed their position.
Stock on loan down to 4.04% end August from 4.51% and end July
Just noticed no short positions now.
"Open Short Positions in Centamin PLC
There are currently no open short positions in Centamin PLC."
It's the silly boys pushing it down. Good time to top up if you can wait a bit I believe. That's what I'm doing! Gold might not be quite as sexy as it was. But it hasn't gone away. And this share seems priced pretty low despite the unknowns and risks.
Sotolo,
The problem with analysts is they all have different assumptions about the future gold price and then base any analytics on that outlook and hence you get a vast array of price ranges for Centamin. Tony
Analysts haven’t a clue
Somnamna
For an African asset, the value of a measured and indicated gold resource has a value in the ground. The lowest price is $20 per ounce for the 2 million ounces at the current high gold price. Sometimes it may be $30 per ounce depending if roads or some infrastructure where miners and so forth can live nearby and the deposit is deep enough to defer antisanal mining but not so deep as to have high stripping costs. Tony
Major European stock markets were unchanged during Friday's premarket session as investors awaited services PMI data reports set for release shortly after the opening bell. Later today, Eurostat is expected to publish its July retail sales report for the Eurozone.
The DAX, the FTSE 100 as well as the CAC 40 all traded flat at 7:33 am CET. At the same time, the euro and the pound stood unchanged against the dollar to sell for 1.18788 and 1.38358, respectively.
Breaking the News / ND
Happy Friday y’al
Hi Totnado Tony, how did you calculate the figure of USD 40M for Batie West?
It seems now that we've gone ex-divi a new bottom will form. Analysts vary with the lowest at 82p which seems possible.
Gold is a good hedge at present and should uptick. On this basis only CEY position should improve. Will the SP change. Unlikely until we get Q4/21 numbers that may give improved divi guidance.
Tough share to hold. Best option is another offer that is acceptable put us all out of our misery.
All theory of course but divi cover remains solid.
HC
I guess final dividend for 2021 could be delayed but in previous years it came a bit earlier going ex in Feb or March. Funny times so anything can happen...
Wiscos
There is no divi until May June next year
Eagle
I am no accountant so i stand to be corrected,but free cash flow of 320m are you sure
Sensible stuff. As so often happens these days the share price drops excessively as the stock goes ex. I sold about 75% of my holding in the last few days at just over 100p so very happy to buy it all back today and get back more than the div. Happy days. Can't see this share staying so low for long... And the next div of 5c isn't that far away... Can't lose!
Thanks for sharing Tornadotony, food for thought.
Thanks Tony for your thoughts and calculations very appreciated.
Roll on 1900/2000 USD per ounce.... far to low SP unless I am topping up
And hopefully CEY are conservative with guidance but start to exceed mmmm
Hopefully, some good news with licenses soon and maybe an uplift
bests to all