The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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.
I'm inclined to go with dun48's assessment. - The figures/details as presented, could well be a prospectus for would-be interested-parties.
Great opportunity at this price!
This will be a good laugh if it climbs back where it started from before the close, seen it happen often here on the aim casino...
I posted twice due to a typo Volvic, and no ramping, click broker notes and you'll see it. I'm a shareholder by the way and have topped up this morning, why so aggressive?
Great double act this morning by a non invested ar** and his mate to reply, paid rampers on the aim casino.
We should expect some counter more positive analysts recommendations on this stock - where it appears Libernum where quoting prior to the very positive Centamin release today and have jumped the gun! They should have Egg on their faces!
Peel Hunt
Makes a bit more sense...i cant find it, has anyone seen/be able to post? Thanks
With things looking better for CEY in the near future production wise, they could probably fund the new mine build from cash revenues coming in without even touching much of the 300 million they already have in the bank. They don’t need to pay out everything up front to build, it’s a gradual process
And Centamin tanking for no obvious reason 7% hit in a day is a lot, this is either a dump before pump or a downtrend... surely a single broker comment does not tank a Sp, am wondering if the US market will pick this up ??? Anyone?
I dont think it has much to do with the broker comment but more to the point next year they will have to make a decision on whether to build a new mine in Africa and then borrow hundreds of millions to do so.This changes the company and should gold fall once they have done so could they afford the repayments with such high aisc costs
If you consider that the total asset value of this company is £1,396 million and its total liabilities are £106 million
and that it also pays a dividend of nearly 5%, imagine what kind of value it would offer at 80p.
But I don't think anyone will be that lucky... just my humble opinion.
We now look very GOOD value to me after the Liberum stab, but they appear to have released prior to the Company RNS also out today. They would have written up their spill days ago to have it released today.
In the ordinary course of events if a Gold miner releases news of three new sites where Gold has been found it would be met with an upgrade. I have a feeling we will have a rebound later, or more pro-active analysts coming in far more positively post RNS release today from Centamin and Liberium will look stupid! Good time to buy in my humble opinion.
Sold almost half. Wait until the dust settles here to reassess.
Reluctantly decided most of my cey earlier at 115 to preserve profits as in at 105p as i felt it may drop a little more before recovering.
After a look over ive put money in THS. Today’s results are outstanding and i can see greater potential at the present time.
Liberum could be working in tandem with a 'Takeover' candidate.
It seems to me that when a broker has a price target so out of sync with others....Liberum vs highly respected Berenberg at 131p, some investigation into trades should be undertaken. I do not rate Liberum in any event and very happy with my purchases just shy of 110p.
Liberum starts Centamin at 'sell', says shares 30 per cent overvalued
(Sharecast News) - Analysts at Liberum started coverage of Centamin shares at 'sell', arguing that while its "strong" balance sheet gave it the resources to finance the turnaround of its flagship gold mine at Sukari, the shares were overvalued at present.
Said balance sheet strength would also allow the miner to maintain its dividend throughout the process, they judged.
Yet the 450,000-500,000/oz. target for annual production assumed underground resource upgrades to reserves and "sizeable" satellite ore bodies had to be found in order to materially prolong Sukari's life into the 2030s.
In any case, using an 8% discount rate and assuming $46/oz. of resource at its West Africa assets, then at the current market price of $1,800/oz. of gold, the outfit's estimated net asset value was 85.0p per share, for 30% potential downside.
Liberum set a 82.0p target price on the stock.
Yes ex div 20th May, so if you held after close on the 19th May your 3c will arrive on 15th June in your bank account.
Do you still get the divi in a couple of weeks even if you sell now (assuming you were holding ex-divi date)?
Well there might of been a short placed by Lib or their friends but WorldQuant LLC has slowly been removing and buying back. They average just under .5%. Hope this holds at round 112.
I am hanging in espeically as SG is still climbing.
Manipulation to release such a joke downgrade to 82p when gold is approaching highs. Bet they placed a huge short on this yesterday before today’s news release, disgraceful. I’ve still got my core holding and will leave it as this news will be forgotten soon enough. Remember we have mostly upgrades BUY ratings from nearly everyone else. Fres is another gold\silver stock to look at....it’s at lows right due to MSCI and that finishes today...it’s a good entry point
Very appropriate for today, Rebess.
I sold this morning on the rebound to leave me with a smallish core holding.
I don't take any notice of financial analysts.
I will reinvest the dividends and the money from this morning's sale at an opportune time - whenever that will be.
I still expect gold to reach the $1950 mark in June after this little pullback/consolidation.
Thanks for all your analysis and posts.
GLA
I think the market was expecting exciting figures from Africa but they were disappointing. No surprise its pulled back as some may have bought in just for that update. The broker sell rating with 82p target looks very harsh, no doubt agenda driven. Have they gone short ? Thats what I’d want to know.
We got some news and the share price dives