Member Info for RazorsEdge

I hope you all manage to kick back and relax for a few days.

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Gold this morning +.6% $7.50 $1263.02... high of the day $1264.45

Not too shabby... off into the Christmas Eve traffic ??

https://www.lseg.com/areas-expertise/our-markets/london-stock-exchange/equities-markets/trading-services/business-days

...it’s like being a scavenger, rummaging around in any info that can be deemed Centamin related and it’s all due to a lack of company/shareholders correspondence. Reading a link Siko posted I got the impression at one point the Josef El-Raghy by saying that production would return to normal in 2019 maybe q4 would still be under par but on further investigation I now believe that this was unfounded and now true.
I keep another gold miner called Fresinllo plc on my radar so I can make share price comparables and although I believe Cey are being held back because of not meeting their production guidance I also feel Fresinllos pps is also performing poorly this last 1/2 year or so.
I think the share price is being well supported because of the $300m cash and lack of debt, other wise the pps could have well collapsed on the poor production releases.
The wait is nearly over Christmas week and two weeks after and all will be known.

Dear Sir/Madam
I am a shareholder of Centamin, they own the Sakria mine in Egypt.
You have in the past reported shipments bound for Canada from Centamin. Do you mind if I ask you why you no longer report such shipments. My only interest is news that will help the share price, I have no other motive for my inquiry.
Thank you for any response.
Kind regards

I just emailed this to Egypt Today, I’ll report any response.

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+ .5% $6 $1248. (approximately)

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European markets tumble premarket after Fed hike
Equities in Europe dove in premarket trading on Thursday, following the interest rate hike by the Federal Reserve in the United States. The central bank increased borrowing costs by 25 basis points to the 2.25%-2.50% range. The Italian benchmark index FTSE MIB jumped yesterday following the announcement of an agreement between the European Union and the Italian government on the country's budget deficit, with banks leading the gains. On Thursday morning, however, shares in Italy posted significant losses in premarket trade.

The DAX was down 1.75% premarket, while the CAC 40 fell 1.82% at 7:54 am CET. The FTSE 100 decreased by 1.89%. Italy's FTSE MIB tumbled 2.45%.

The euro gained 0.23% against the dollar to sell for $1.13992 at 7:54 am CET. as the British pound traded 0.29% higher against the greenback, changing hands for $1.2652.

Breaking the News / NI

European shares mostly rise premarket
Shares on major European markets posted gains on Wednesday, as investors anticipated the latest interest rate decision by the United States Federal Reserve, set to be announced later in the day. Data on producer prices in Germany showed a 3.3% annual increase. Inflation and producer price statistics for the United Kingdom are set for release later in the day, together with the construction output in the European Union.

The DAX added 0.28% premarket, while the CAC 40 rose 0.40%at 8:55 am CET. The FTSE 100 was flat. The Euro Stoxx 50 increased 0.28%.

The euro gained 0.35% against the dollar to sell for $1.14036 at 8:56 am CET. as the British pound traded 0.30% higher against the greenback, changing hands for $1.2676.

Breaking the News / NI

Gold edged higher to more than five-month peak on Wednesday as a softer dollar supported the bullion while investors awaited cues on the rate hike trajectory of U.S. central bank from its two-day policy meeting.
Spot gold was up 0.1 percent at $1,250.20 per ounce, as of 0405 GMT, after hitting its (...)

Herbieridesaga. ...the three hundred million and no debt is also helping support the trading range.

...Rebess I’m not going anywhere, I have three shares on my radar and I believe in each one of them and will be watching all three. I did stop posting last year but it wasn’t limited to the Cey board. I stopped altogether.
As far as Cey’s share price is concerned I think they are in upward mode. What else does anyone want?
Having held so many for about three months I’m leaving myself vulnerable if the pps suddenly rises..
Haha serves me right!
Bol.

Dboater and Ken23 thank you both for your response..

To be honest Dboater I’m next sure of the difference between trading now and in the past.. I did own shares in the notorious Irish drug company Élan which were mainly traded on Wall st so l followed then via an American chat room which was streets ahead of LSE. Not being able to edit a post seconds after you’ve posted is a joke.

...about selling out of Cey. I sold at 107.52 and had paid 108.7 so I lost a minimum amount of money.
I remember remarking to my stockbroker a few years ago about selling a share.
I was like today well invested and so any decision to sell was hard work, anyway the broker’s response after me mumbling something about selling stuck with me, he said... “sure you can always buy them back again.”
The comment stuck with me. Who knows if what I did is right or wrong.. that’s why I said I may have been wiser to have splitter holding rather than selling the lot.
I will be sick in the morning if Cey make some sort of of upward statement at 7am.
Messy! 🤦‍♂️

First of all I understand from a quick read of Rebess’s post that I owe Dboater an apology.

...Dboater I hereby offer you my sincere apologies for doubting you word.
I am sixty years of age and have been investing in shares since I was in my early thirties and I have yet to come across what could is close to two tiered reporting by the media. The only reason I can come up with for the lack of coverage of the Morgan Stanley upgrade is because Centamin is traded on the FTSE250 and I still struggle to accept that this is a valid reason for the adjustment not to have been reported in the weekend press.

I have three shares that I have been trading in over this last eighteen months. One is Centamin, another is Tullow Oil and the last is Boohoo.
Being fully loaded in a stock has its good points and bad. The good is if it rises you get fully rewarded.
Of the three aforementioned my weakest opinion of late has been Cey this is due to the poor production which amounted to having the affect of two profit warnings, that and the lack of correspondence with the shareholders has left me to become a very nervous holder. So because of my lack of fath and a 12% drop in Boohoo this morning I sold all my 231,350 Centamin shares at a minor loss from what I paid for them.
In hindsight I feel it would have been wiser to have sold 1/2 or 1/4 and retained the rest but I did what I did.
Both Boohoo and Centamin report on January 15th and I expect either and both will do well.
My main point for reporting my action is Centamins lack of clarity with their shareholders left me nervous and so to I left.
There it is!

Dboater if the upgrade exists I apologise.. but after extensive searches on many platforms I have seen no mention of an upgrade anywhere.

..as I say if proof arrives I’ll apologise but to date the only source I’ve witnessed anything referring to a Morgan Stanley upgrade saying an increase from £125 to £130 is from yourself.

Go Morning MrTibbles.. thank you for the links.
Perhaps we will have a good week in the run up to Christmas.
I believe Centamin are sound enough but would like some sort of confirmation.

Maybe Morgan Stanley will come to our rescue!
Lol have a good day

Hello Deboater

Despite extensive searches and also downloading the Reuters app and searching there too I am unable to find any mention of your reported Cey update...

“See from Reuters reports on companies, sorry unable to supply link....
Morgan Stanley raised their price target for CEY from 125p to 130p.
ATB...”

In my honest opinion such an upgrade does not exist.
I’d be delighted if anyone can prove me wrong.

This is the tongue of a bully, I don’t care if he’s a trash man or the president.
“Trump: I have more tariffs prepared if China talks fail.”
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His bullying will loose its affect. Trump is against high oil prices while Putin is pro OPEC and pro higher prices.
The good thing is the US has extreme money problems, which limits their power.
The oil price goes in cycles, it’s down now so it’s in buy territory and according to the IEA will be in sell mode in 6 to 9 months. Let Trump rant there he’s like a noisy prisoner in a cell trailing his cup on the bars to make as much noise as he can. Let him run on there!

...it is only a game, but the game is, and it’s in winning the game that the result are achieved.

Lasts weeks Brookner comment... “Berenberg downgraded gold miner Centamin to ‘hold’ from ‘buy’ on Friday, cutting the price target to 106p from 115p, citing caution over 2019 guidance.”
Was published in last Fridays Financial Times newspaper and as while we see it as a nuisance it is believed and contributes to the makeup of the share price.... so the good bit is today’s upgrade which is by a much more respected investment house ie Morgan Stanley will be reported in the Times on Friday.
Interesting progress.

...this kind of market updates will loosen the current trading range.
(Tg)

Dboater I can’t find the direct note but Cey get a mention in this roundup. Cheers

Among the midcaps, Kier Group gained 3.7 percent after pledging to meet full-year targets and Centamin was boosted by a Morgan Stanley upgrade.

https://www.reuters.com/article/britain-stocks/fragile-recovery-for-ftse-as-investors-seek-safety-in-mining-oil-idUSL8N1XR2CV

..thank you Mrtibbles I guess the only reassurance we have is arrived at by common sense, in that if the Al Rajhi clan are still major shareholders and are known to have been recently active via media coverage any fears of the pps falling any further are just “fears” and must be without foundation..
The calendar slowly working its way round to January 15th is beginning to be a comfort.
Also the fact there’s 300m reasons (and no debt) preventing the pps from going south.
Thanks for the exchange. Atb