2017 2018 2019 2020 2021 2022 2023E 2024E Revenue $m 349 406 343 406 596 686 688 725 operating profit. with an operating profit compound annual growth rate of 19.4% over 5 years. Time for a SP rerate with China opening up.
all the endless talk about a recession, and uncertain opening up of China re covid?? I notice many of the gold miners have moved back up about 8% over the last two weeks; possibly due to interest rate increases tapering off, and general uncertainty. Centamin (CEY) up 29.2% over 3 months. Although the coal price is still high, Glencore maybe dropping similar to Thungela?
Up 25% since my first buy in May. Appears to have good momentum. Extract from a financial newspaper: - "The 10 analysts offering 12 month price targets for Centamin PLC have a median target of 126.32, with a high estimate of 165.13 and a low estimate of 93.30. The median estimate represents a 19.17% increase from the last price of 106.00."
50% in one year. 120% over 3 years. Plus a handsome dividend. Compared to BHP 37.6% in one year, and 47% over three. RIO 13.4% in a year and 3.8% over three. Vale 22% and 8.7%. FCX -4.89% and 171% over three.
"The 17 analysts offering 12 month price targets for Glencore PLC have a median target of 647.75, with a high estimate of 768.93 and a low estimate of 496.05. The median estimate represents a 29.68% increase from the last price of 499.50"