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JIMBOWEN27

Centamin

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Yep, I'm riding slightly overweight on this horse. Mar 27th could be very interesting, if the court hearing alone doesn't blow the negativity away.

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The quality of the company and mine really is world class imo. Unfortunately, Centamin are based in Egypt but the discount is way too much. I'd say a share price north of 100p in 12 months would be fair value. Hopefully, the company can keep churning out the gold and subsequent profits

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Centamin continues to perform fantastically well. Production increasing, cashflow rising strongly, costs falling sharply and a final dividend of 13.5c to top it off - this puts the shares on a yield of around 8%.

 

I listened to the results call last week and got the impression that CEY are being conservative with annual production forecasts, which is a good thing. They are also making some conservative assumptions relating to fuel costs. In the background, there is ongoing work in Burkino Faso and The Ivory Coast, so should be plenty of newsflow. Most importantly, I hope the court case is resolved once and for all as I still think this would give a further boost to the share price.

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