Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on CENTAMIN PLC. We currently have 39 research reports from 4 professional analysts.
|16Jan17 02:12||RNS||TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES|
|13Jan17 08:30||RNS||TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES|
|09Jan17 07:00||RNS||Q4 2016 Production and Guidance for 2017|
|30Dec16 08:44||RNS||TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES|
|21Dec16 02:42||RNS||TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES|
|21Dec16 07:00||RNS||TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES|
|20Dec16 08:44||RNS||TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES|
Frequency of research reports
Research reports on
Panmure Morning Note 09-01-2017
09 Jan 17
Centamin has today announced Q4/FY2016 production results that saw full year guidance exceed our full year expectations coupled with commentary that the strong financial position and strong cash generation at Sukari will see a higher than anticipated dividend payment at the full year results.
SP Angel – Morning View
09 Jan 17
Centamin (CEY LN ) 140 pence, Mkt Cap £1608m – 2016 gold production exceeds guidance | Golden Star Resources (GSC CN) C$1, Mkt Cap C$332m – Commercial production at Wassa underground | Keras Resources (KRS LN) 0.5p, Mkt Cap 7.2m – Drilling results from Klondyke project | Kodal Minerals* (KOD LN) 0.18p, Mkt Cap £8.2m – Funding to advance Bougouni lithium project | Liontown Resources 2.4c/s – shares jump on identification of 2km strike of Li2O bearing pegmatites of >100m true thickness.
Panmure Morning Note 01-11-2016
01 Nov 16
Centamin’s Q3 FY2016 results, announced 31 October 2016 were ahead of our expectations. Record production at Sukari of 148,674oz coupled with successful plant efficiency measures support management guiding FY2016 production towards the top of the 520koz-540koz and the lower-end of the cash-cost range of $530/oz to $550/oz and All In Sustaining Costs (AISC) of $720/oz to $750/oz, close to our previous expectations. Strong cash generation in Q3 FY2016 resulted in the profit sharing arrangement commencing ahead of our expectations. We maintain our Hold recommendation but make a marginal adjustment to our PT to 167p (168p) based upon a blended average of NAV/EPS and cash flow per share.
VSA Morning Miner
05 Oct 16
Centamin (CEY LN) has announced robust production for Q3 2016 with a 6% QoQ increase and 41% YoY increase to 149koz. Although plant throughput declined 4% QoQ to 2.8mnt, which remains ahead of plant capacity of 11mntpa, grades at the open pit operation were up from 0.99g/t to 1.14g/t. Head grades from the underground mine were marginally lower QoQ, however, the contribution is far smaller to total milled material.
The Slide Rule
12 Jan 17
What is The Slide Rule? The Slide Rule has been designed to dramatically simplify the identification of the best companies in the UK small/mid-cap sector by making a quantitative assessment of the relative potential of each company. At its core, The Slide Rule aims to identify those companies that create genuine shareholder value through strong returns on capital and solid growth, but also present a value opportunity with the potential tailwind of earnings momentum. Companies are assessed within a Quality, Value, Growth and Momentum (QVGM) framework.
The Monthly January 2017
09 Jan 17
Despite all the hullaballoo of the Brexit vote and the subsequent election of Donald Trump as the next US President, the UK stock market prospered last year, especially in the latter few months of 2016. The combination of a depreciating currency – making $ earnings more valuable in relative terms - and the Trump emphasis on infrastructure expenditure drove the stock market higher
10 for 17
09 Jan 17
As always at the start of a year, there are significant uncertainties about the year ahead but I think in 2017, the level of uncertainly has decisively moved up a gear. In fact, a leading economist at the LSE, Ethan Ilzetzki, was recently quoted as saying “I view the current global economic environment as the most uncertain in modern history”. Wow.
Minor delay but lower cost and better visibility enhance the investment profile
13 Jan 17
First oil at Stella is delayed by about a month, reducing the contribution of Stella to FY17 production by the same period. While this has an impact on FY17e free cash flow, this is negligible to our valuation. More importantly, FY17 opex are estimated at only US$18/boe, below our estimates of US$20/boe. There are opportunities to reduce opex further. Harrier is expected to reach first oil in 2018, one year earlier than we expected and at a cost of US$40 mm lower than we anticipated. The overall development cost is less than US$6.0/boe. Ithaca holds numerous discoveries around Stella that would be developed with a similar cost structure to Harrier.