focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
There is a history in Western Australia, Josef El-Raghy is non-executive chairman of AIC MInes. https://www.aicmines.com.au/board-of-directors/
The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved.
• 2024 revenue forecast increased from US$945.9m to US$986.2m.
• EPS estimate increased from US$0.125 to US$0.141 per share.
• Net income forecast to grow 77% next year vs 21% growth forecast for Metals and Mining industry in the UK.
• Consensus price target up from UK£1.37 to UK£1.40.
• Share price rose 5.4% to UK£1.21 over the past week.
By Simply Wall Street 09-Apr-2024
https://simplywall.st/stocks/gb/materials/lse-cey/centamin-shares/future?utm_source=braze&utm_medium=email&utm_campaign=Critical+Updates&utm_content=Email
Consensus EPS estimates fall by 12%
The consensus outlook for fiscal year 2024 has been updated.
2024 EPS estimate fell from US$0.147 to US$0.129 per share.
Revenue forecast steady at US$949.1m.
Net income forecast to grow 62% next year vs 21% growth forecast for Metals and Mining industry in the United Kingdom.
Consensus price target broadly unchanged at UK£1.38.
Share price rose 4.6% to UK£1.11 over the past week.
Ok Steve you have said it (expressed your opinion) so why bang on about it ?
I really appreciate and value your posts on trading and data, in fact look forward to them.
But how about having respect for other posters views and opinions, and if you don't have anything of factual or logical value to add just ignore the post and move on. Or debate the post from a factual / logical aspect.
No need to trash the topic without explanation or justification or belittle the poster for the topic of thier post.
Mr T perhaps worth an add to your history post would be the massive share sell off (approx 52,000,000 shares) by Josef El-Raghy in 2016 / 2017. In hindsight a very big red flag.
13-Jun-17 Sell 173.00 5,000,000
12-Jun-17 Sell 177.00 5,350,000
27-Feb-17 Sell 173.40 5,000,000
23-Feb-17 Sell 179.00 4,040,000
21-Feb-17 Sell 175.70 5,000,000
20-Feb-17 Sell 178.20 5,000,000
09-Feb-17 Sell 173.00 5,000,000
10-Jun-16 Sell 111.00 5,000,000
31-May-16 Sell 98.00 12,595,714
Respectfully to all posters, when cutting and pasting please kindly quote the source or better still if possible post a link. This then clearly distinguishes between words of the poster and those he or she is sharing. This approach will eliminate confusion.
Some well meant respectful words of caution Mr T, in my opinion this forum is not the place for discussion of unsubstantiated third hand hearsay "friend of a friend said" type allegations.
If the whistle blower him or herself is genuine then the appropriate action would be to report the allegations to the management of Centamin and applicable authorities. Discussion on this board without input of the whistleblower him or herself and / or without facts is just irresponsible sensationalist gossip.
Centamin like many other clients working in an international environment strive hard to maintain corporate ethics, as well as good and fair business practices.
They have established procedures and codes to conduct to prohibit and root out corruption including in the case of Centamin a Code of Ethics, https://www.centamin.com/media/2866/cey_code-of-conduct_20220714-002.pdf an Anti-Corruption and Bribery Policy https://www.centamin.com/media/1630/cey_anti-corruption-and-bribery-policy_2019.pdf and a Whistleblowing Hotline, where anyone can raise a concern in confidence and anonymously, 24 hours a day, 365 days a year.
Having spent many years working in procurement in an international contracting environment in my opinion there can be challenges, and yes rogue Procurement Managers can exist (thankfully few and far between in recent years) but that there are no "poor contractors", only those who participate in bribery and corruption and those that don't. Those that do so participate by choice.
I have no opinion on if Liberium are useless or not but they did call a contrarian lower price on Centamin (low 80's) a while back and in doing so were faced with derision but were proved to be correct.
Thanks for the clarification Dasut.
Your comments together with those of Tibbs make interesting reading.
I agree with you about the future potential, pity the traders obly look to gold price.
But then that is what they and not investors.
Well said Market, but you forgot to mention the inept marketing of CEY and absent communications team.
Plenty of good news, e.g. EDX, court case won, positive reserves increase etc, so why are CEY communications not shouting it from the roof tops.
To help change the view that CEY is a troubld prone sub 500k gold producer that delivers albeit scraping through at bottom end of range.
I believe CEY workers are doing a good job but that the management team need to step up and do more to change the image of CEY and hence the SP.
If it was an end of term school report CEY management are scaping by with a B minus, needs to improve.
I am with you on this Rebess, I am dreading the year end annoncement.
Centamin has a habit of snatching defeat from the jaws of victory.
Sadly good news (EDX, end of court case, increase in reserves) doesn't have a positive impact on share price.
Only gold price and ounces, so far shy of 500k and always at the bottom end of range.
Hi Tornado, probably a sensible approach, but again "wait and see", what I would like to see is something more positive and proactive, e.g. CEY "blowing its own trumpet"and feeding positive news to alleviate the present negative perception of CEY. We know the press are cut and paste merchants and analysts need feeding with information.