Member Info for Sotolo

I think the dividend is paid to shareholders on the register at the end of a particular day, so you needed to hold the shares at the end of the day before they went ex dividend, and so overnight ie from the last minute on the day before share goes ex div to the first minute the following day, which was back in late aug.
On another note barclays still not paying the dividend and says it hasn’t received the money from Centamin. Anyone else suffering this at other brokers

Chas Barclays says they pay late as the divi is in dollars, and they convert it probably at their rate; can you elect to revive the money in sterling at the Cey exchange rate, in a nominee account?

Up a little today, despite falling gold, I guess on dividend reinvestment. I received the divi on my Cey at sharecentre on Friday in time to reinvest it. Useless Barclays Smartinvestor still hasn’t paid, as usual they keep the divi for a few days and pay out after everyone else. How are other brokers?

It takes a while of higher prices for the mining shares to believe the price rise is real, but if it holds at this level or rises further for a few months...
Hoc is also held back imho by
A. San Jose, challenge getting profits out of Argentina and financial turmoil there
B. Arcata mothballed so lower production
C. Expensive exploration costs to replace PMs running out, unlike Cey which spends less on that and has gold for decades
However a and b are temporary, c may yield great finds, and Hoc is a lovely play on silver. Hopefully it will make it back through 232 this week which would be great...

an even better case is that unlike most miners, instead of spending loads expiring for new gold as theirs run out, Centamin returns most of their earnings to us lucky shareholders, and with these rising gold prices that should get quite a bit higher. On back of fag packet: gold sells for $1500 an ounce, costs $950 an ounce to dig out, ounces mined 500,000 = $275000, less 50% profit share/tax = £110000, mkt cap £1.4m. PE 13, but as historically pays out almost all profit yield 7%. Gold rises 10%, profit and yield rise 25%, PE falls below 10. Of course opposite applied on a 10% fall. So currently fine value, long life mine, no debt so, as goldies go, better than most and a geared punt on any further gold rise?

Yes he did inspire confidence, not some pompous MD but he appeared down to earth and telling it as it, with good reason for production at lower end and prediction of return to higher next year, having seen it (not seen Pardy talk before) I naughtily bought a few more, also based on the experienced long time Numis analyst saying in the video from Denver, posted here a couple of days ago, that of all gold miners now he would pick Centamin as due a rerating over next few months. I guess when the juicy divi arrives shortly, some of us will be putting it back in cey.

Whoopee!

I think if the court case was resolved the share price would have a knee jerk north, and it might mean institutions could more easily invest, but I think Cey is on a comparable PE to rivals, as the court case is thought unlikely to succeed, currently a PE of around 24 but gold mining PE’s are mostly high in the expectations of profits near doubling with the now raised gold price, so the long term rise from the court case might not be as much as you think, and many of us here rather ignore it as it takes forever.

Lloydwill, as expected the rate cut was 25bp not 50bp, and the Fed's forward view is for less cutting, gold as expected sold on the news but has held above support so hopefully will recover, but we need something else to take gold up through 1550, which is what would really help the share price; as said I think more ounces from better grades make less difference to profits than a decently rising or falling gold price, even if that makes share price jump, and doesn't look like Fed will help us in the immediate future. I think gold needs a new story for the next leg, assuming it has one. I remain hopeful though it is worrying to be in these doldrums just now

As expected cut was 25bp not 50bp, and forward view less cutting, gold as expected sold on the news but has held above support so hopefully will recover, but we need something else to take it up through 1550

The gold silver ratio usually goes down as precious metals rise and vice versa. ie silver is a geared pay so if you expect gold to rise silver is a good place to be though it tends to get going a bit later in the bull market. If you expect gold to fall silver isn't. As regard Hoc first it is as much a gold as a silver producer and yes it is fairly priced and yes the profits and shares rise at around 3times the silver at current levels (depends on each company's aisc). It has been around a long long time which is a positive, it has the same family majority shareholding so a bid may be less likely unless they get bored of all the eggs in one basket, Arcata would come back if silver was to get and remain in the 20's but San Jose suffers political risk.

I think you and they are right, but the key it is not the 25bp cut that as you say is priced in, but what JP says in those cryptic minutes and how every word is parsed to predict whether rates will come down slower, as expected, or faster (least likely but best for us). Also gold tends to make a knee jerk reaction (as positions are unwound) and often reverses so will be interesting to see the gold price on Friday.

just as a matter of interest 20000 fewer ounces, with my maths which could be ropey, equates to just over 20 ounces on the gold price or same on the aisc. As aisc is now controlled and gold can rise $25 in an hour I am not worried by the ounces, far more important to us what Jay Powell says tomorrow

....but we will have to wait till next year and the Q4 results as no one will now believe it till it happens, hence my post this am that current price is a fair one but it may come back a bit more particularly if gold is weak on lack of trust and the usual overshoot. However IF Q4 matches or beats last year, and gold price is just correcting but marches further north, then next year could be good.....I am sticking

They made just about that if I remember in Q4 last year

Gold feeling a bit week if it doesn’t really get it up for the Saudi attack and the ramifications you point out. On the share price, Blackrock may have contributed to the fall of 10% before the poor presentation, though lower gold price didn’t help,, and again on 12th when the nes on quarter 3 came out, but I think cey is around fair value now, so needs higher gold or the 4th quarter to deliver as promised to rise, or might go a bit under fair value for now. Could just be a bounce this am, hope not

Thanks Hopeingmore, sorry if some on this board only want posts that say price will rise. You may have sold and been commenting, or holding because you hope the market doesn’t agree with you. I for one don’t this time, although I too was very heavily criticised for seeing Cey fall even to the 90’s at the last profit warning, in fact I think the share price should be higher if we trust management to deliver, and is certainly now not too high. First the cash flow to which you. refer was I think for a half year not a full year, so needs doubling, and made with an average gold price of 1305. Average gold price with should be getting on for 1500 this quarter, which should add on an annual basis over $100million to your figure making $170m total a year, not bad for a £1.4billion company. None of the prospective figures at this presentation changed from July unlike last year’s dramatic reduction. Production might come back as management expect, or end up 5% lower, as some here expect, but the Aisc is staying down. So maybe 10pence off the price, and another 10 pence for worry abou the management would have been reasonable. Add in the fall in gold and the current price seems more than fair. So I would be a buyer at these prices, though it depends so much more on the gold price than these figures, but lovely when others sell as brings prices down to top up at bargain prices.

Looks like good news and steady as we go, this year is on course in ounces with lower Jul and Aug, higher sept and expected final quarter, and Equally important Aisc bang in the middle which is better than last year. Better going forward as predict around 10% more ounces at 520-540oz and a lower aisc 870-940. Gold has put on $250 which is near doubling of profits, far more important than a few percent change on ounces, especially if gold puts on more. If I expect that, I would be buying at this sale price if I didn’t have too many already. As ever Tiger I think is right. Also whoever wrote this week that one should move into miners when news looks temporarily bad

dimi123, just as Cey was oversold last year on poor news, as went through tougher seams, and had equipment problems like any miner, I think maybe Fres and Hoc are in that position now, both reporting lower output and exacerbated by political worries for one in Mexico, the other in Argentina. Cey bounced back, as you say it is better to buy when bad news has knocked the shares as long as it is something that will only last a year or two.

.25% my guess