Member Info for mrtibbles

Google £179.60 as you say Mr Bond

Why are these African countries still trying to create hydro power when they could be using solar and wind turbines which would mean that they wouldn't need to be building cable grids all over their counties and there would be no need to import power as the solar panels and wind turbines could be installed much closer to where the energy is needed.
Is this not an example of the establishment trying to keep developing nations dependent on the present unfit for purpose system?

Thank you Razor's!
It was announced on yesterdays BBC radio morning news that two health experts/professors are warning the government that drinking at home during the Covid lock down has already caused an increase in alcoholism and liver disease which will put extra demand on the NHS, more people have also been calling AA advice.
My view is that we have enough "Nanny"state already and we have been paying for the NHS with our NI contributions for years, my local hospital is at present virtually empty except for Covid related cases, but what of increased jogging and other sport related injures during lock down these are also likely to cause increased demand for joint and other related injuries on the NHS for the future, this isn't mentioned?
The truth is more likely that the government want to increase taxes /duty on alcohol from the off licence and by claiming that it is to save the NHS the public will roll over and accept the tax increase without any fuss!
Don't drink, don't smoke , don't drive unless its to work, don't go to the doctors, dentist hairdressers, dog groomer's, don't travel on the bus or train, don't meet your friends too closely, Just stay in for the rest of your lives and watch the TV and of course pay your taxes to your glorious government and clap for more every Thursday evening!
The politicians should be learning from this , but they won't, instead they will try and botch things up by screwing the ordinary people yet again!
Still at least Centamin is doing well at the present!
Kind Regards
Tibbs

Thank you Gnome,
This looks to be an article that is well worth saving which I shall do!

Hi Gnome,
Thank you for you valued opinion on this, as my well informed acquaintance said not all gold miners have their share holders best interests at heart like Centamin!

? We adjust our model for Centamin to include its 2019 ful results and also reflect the strengthening GBP. The net impact is a l-year
2% decrease in our FY 2020E EPS. We also increase our
EV/EBITDA multiple to 7.5x (from 7x). As a result, our price target,
now based on 7.5x 12-month-forward EBITDA and 1x NAV,
increases to GBp184 (from GBp172). Shares are currently trading at
1.6x NAV and 5x 2020E EBITDA; however, we maintain our Buy
rating, and note that the shares have been a recent strong
performer due to the strong demand for decent gold exposure. We
remain positive about Centamin given the strong balance sheet of
USD379m of cash and liquid assets and c8% 2020E dividend yield.
? Price target and rating: Our model builds in some cost reductions
for H2 2020 and H1 2021 as part of the weaker oil price and
Egyptian pound. Our price target, based on 1.0x NAV and 7.5x
EBITDA, is GBp184 per share.
? Valuation methodology: We value Centamin on an equally
weighted blend of NPV (10%) and EV/EBITDA methodologies to
generate our GBp184 price target

Premium rating warranted
? The ongoing global uncertainty about the impact of COVID-19 has resulted
in a continued flight to safe haven assets, with the gold price surging to
USD1,700/oz. Centamin’s strong balance sheet (cUSD380m of cash and
liquid assets, with no debt) and sector-leading dividend yield (c8% for
2020E) offers clean exposure to the gold price, with shares having risen by
c30% over the last month. In our recent gold note (link here), we
highlighted that the “safer”, larger names are currently trading at premium
multiples (Centamin currently at 1.6x NAV) given limited to no operational
disruption and cleaner balance sheets. While we expect this to continue,
we do believe that there may be merit in taking some profit from these
names and recycling into delivery (Resolute) and/or leverage
(Hummingbird) stories. That being said, for investors seeking “safe” gold
exposure, we remain positive about Centamin and believe that the
company’s strong balance sheet and sector-leading dividend yield
warrants the premium rating. We therefore maintain our Buy rating.
? Operations: To date, Sukari operations have not been affected by COVID-
19 and the company remains on track to meet its 2020 guidance of 510-
540koz at an all- in sustaining cost (AISC) of USD870-920/oz (we continue
to forecast 510koz at an AISC of USD915/oz). Q2 is guided to be the
weakest quarter of production for the year at c115koz, to reflect a reduction
in underground grades; however, H2 is expected to make up for this. There
are sufficient staffing resources and critical supplies on site into Q3,
although the company notes that if travel restrictions are extended well
into H2, it is possible that operations may be affected. Furthermore, the
Sukari life of asset review is ongoing, with a series of independent
optimisation studies across the mine currently underway. Results from the
studies are expected throughout 2020, identifying areas of improvement.
? Model update and valuation: We adjust our model to include the 2019 fullyear results and also to reflect the strengthening GBP. The net impact is a
2% decrease in our FY 2020E EPS. We also increase our EV/EBITDA
multiple to 7.5x (from 7x), reflecting continued operational delivery. Our
price target, now based on 7.5x 12-month-forward EBITDA and 1x NAV,
increases to GBp184 (from GBp172). We maintain our Buy rating due to the
company’s strong financial position and dividend yield, but note that,
given the recent share price performance, valuation is approaching full
value.
19 May 2020
BUY
Current price Price target
GBp184 GBp184
19/05/2020 London Close
Market cap (GBPm) 2,063
Reuters CEY.L
Bloomberg CEY LN
Changes made in this note
Rating: Buy (no change)
Price target: GBp184 (172)
Estimates changes
2019 2020E 2021E
old ? % old ? % old ? %
Sales 658 -0.9 852 0 815 0
EBITDA 295 -0.8 446 0 404 0
EPS 0.07 -4.8 0.16 -2.0 0.09 0.0
Source: Berenberg estimates

Thank you Cowichan!

Well said Mr Bond,
I have the actual note and I certainly won't be selling!

Hi,
Seems only right that Wally shuld have the opportunity to post the thoughts of his mining friend on the share price .

Hi Wally,
I am so glad that you are recovering that is really great news to hear!
I was really hoping that my post would encourage a response from you from the Kingdom of Cornwall.
I should have been on holiday there now, I was so looking forward to seeing the May flowers along the verges and walking alongside the river Camel in Enfield park.
On the journey down I can almost taste the fantastic fish & chips from the "Peckish" in Camelford, there is also a fantastic little cafe "4 Seasons" that we use, my wife is vegetarian and they do a great breakfast conventional and veggie which she enjoys!
The is also great second-hand, army surplus, memorabilia shop up the on the main road in Camelford, lots of old clockwork tin toys, many still in their boxes, records, camera equipotent, I spent about 4 hours in there on the only rainy day we had last year.
i must say this lockdown will hit Tintagel hard especially after they lost so many tourists last year due to the overrun on the English heritage castle bridge scheme.
Our government response to the Covid has been shambolic to say the least and the really depressing thing is they are just trying to prop up the broken and corrupt financial system instead of replacing it.
They claim to be green and yet persist in tearing down ancient woodland to build a way over budget HS2 so that people can get to the outskirts of a northern city 20 minutes sooner, why, the lockdown has proven that with today's technicology here is no need for so much business travel !
Anyway it is so great you are on the mend and also that Centamin is going the way predicted by your mining friend and some more if all works out!
I hope to buy a place in Cornwall in the future so I may want to seek your advice on good locations, I must have at least a double garage and workshop for classic cars and bikes and a studio for photography if possible, my wife will sort out the house requirements!, but a good local community and an excellent fish and chip shop are essentials, as is a good pub if they ever open properly again that is!
Keep safe & well!
Tibbs

https://www.lse.co.uk/media/greatland-gold-ceo-says-potential-low-capital-costs-and-best-gold-grades-make-haverion-so-exciting.html

Perhaps our friend the Gnome knows something about this company?

cont- I am able to say at the present, although my conclusion is that the figure would be at least what was mentioned by a Cornish miner to one of our old members (Wally) from Cornwall some years ago a figure that I am sure many on here would be very satisfied with indeed!

An very well informed acquaintance mention that their have been several approaches although for any offer to even be seriously considered the suitor would have to offer a price that reflects not only a realistic value of Centamin and its reserves but the future potential that has not yet been realised by many!
That is really as much as

https://www.bbc.co.uk/programmes/b0b4cvx1
27 May 2018
Available for 28 days

Radiolab investigates what it actually means to be ordered to launch a nuclear attack? With Jad Abumrad and Robert Krulwich.

Off topic but frightening, Trump has total control over the red button!

https://www.ft.com/content/d615a15d-c524-4383-b829-4f1a244db28a
"The IMF struck a cautious note on bans, saying that authorities should consider the potential negative impacts on liquidity and investors’ ability to agree prices."

It seems the IMF is far too heavily influenced by the Hedge Funds who so heavily rely on short selling selling to make their profits.
Governments should ban short selling permanently , all it does is create instability , although they chose to call it liquidity, all short selling does is keep the unfit for decent purpose system going for the benefit of the few!
They should let the hedged fund go broke and encourage real investment instead!

The unthinkable is becoming ever more likely. The end of US dollar dominance and the beginning of some new form of global monetary system will soon be upon us. It was bound to happen at some point.

Thank you Mr Bond,

I think I will post this on Trump's "Twatter" feed, it may well cause him to implode!

The story of reserve currencies is long and stretches far back into ancient times. But as modern history shows, the average lifespan of reserve assets is just around 100 years. (Cases in point, the French Livre and the Dutch Guilder.) The end is always caused by over spending on wars, over consumption, excessive debt and easy credit. Sound familiar? I was asked about this in an interview last summer and my response was that, while it is inevitable, the decline of the US dollar was still many years away. Of course, that was before the COVID-19 pandemic and the US fiscal and monetary response to the crisis it created.
https://www.kitco.com/commentaries/2020-05-14/The-US-dollar-the-final-act.html

Hi Paul,
You have every right to make a suggestion for consideration, the main thing is to try not to worry too much!

Sotolo, with your share holding and your dividends you need to stop worrying and relax, perhaps even spending some your wealth or supporting a good cause/charity that is try to do some good for the planet and its other inhabitants (Endangered species, lost rain forests,etc,etc).
There are some good people in the world trying to save what is left of our planet, problem is those in control like Trump,Bolsonaro,Putin,Asad, Boris Johnson (HS2, Brexit Farage, Jacob Rees Mogg,,The Tory 1922 committee, arms & drug pushers create just as much misery as any virus!

://www.thisismoney.co.uk/money/investing/article-8315995/Just-five-FTSE-100-companies-deliver-dividend-growth.html
It's an equally bleak picture for the FTSE 250 - just seven companies have achieved annual increasing dividends for the past decade and have forecast at least 2 per cent dividend growth this year.