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Centamin

Current Price 110.10p Bid 110.05p Ask 110.15p Change -1.56%
Last Updated: 16/10/2019 15:04. Prices delayed by at least 15 minutes.
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Company Overview

Centamin Egypt Limited is a mineral exploration development and mining company dual listed on the Main Market of the London Stock Exchange and the Toronto Stock Exchange. It is a rapidly growing gold producer with its flagship project, the Sukari Gold Mine, located in the Eastern Desert of Egypt some 25km from the Red Sea coast. Gold production at Sukari commenced in June 2009 making Sukari the first modern mine in Egypt, a country which in ancient times was a prolific producer of the yellow metal. In 2010 the mine is scheduled to produce 200,000 ounces of gold at lower quartile cash costs per ounce. With a resource of 10.99 million ounces Measured and Indicated, and 3.5 million ounces Inferred, and a 7.1 million ounce reserve base, the Company is implementing a rapid expansion program to increase production to circa 500,000 oz per year over the next three years. As the first and only significant developer of a modern mine in the country, the Company remains well positioned to realize further opportunities in other areas within its concession and expand into other prospective mineralized zones. The Company's unhedged and debt free position, coupled with a growing resource and reserve base in a relatively unexplored region, positions it to grow and deliver superior results to its shareholders as well as its stakeholders.

Financial Highlights Year Ended 31/12/2018

Turnover
£603.25m
Operating Profit
£152.70m
Dividend Yield
6.26
Dividend Per Share
5.50
Dividend Cover
0.93
P/E Ratio
17.22

Key Personnel

Ross Jerrard
Chief Financial Officer
Josef El-Raghy
Non-Executive Chairman
Gordon Edward Haslam
Non-Executive Director
Prof Ibrahim Mohamed Fawzy
Non-Executive Director
Dr Catharine Farrow
Non-Executive Director
Dr Sally Louise Eyre
Non-Executive Director
Marna Cloete
Non-Executive Director
Mark Anthony Lodge Bankes
Non-Executive Director
Mark Richard Arnesen
Non-Executive Director

Stock Details

EPIC
CEY
ISIN
JE00B5TT1872
Shares in Issue
1,155,955,384
Market cap
£1,292.94m
Sector

Analyst Views (6)

Strong Buy
 
50.00%
Buy
 
0.00%
Hold
 
50.00%
Sell
 
0.00%
Strong Sell
 
0.00%
The above information represents a selection of the views published in the last 120 days by analysts. It is subject to change without notice and doesn't reflect view held by Redmayne Bentley and is not advice.

Price Summary

Mid Price
110.10p
Bid Price
110.05p
Ask Price
110.15p
Volume
3516460
Change Today
-1.75p
% Change Today
-1.56%
Open
111.40p
Previous Close
111.85p
Intraday High
113.03p
Intraday Low
110.05p
52 Week High
154.75p
52 Week Low
79.14p
52 week high and low figures quoted above are calculated from intraday price data.

Intra-Day Chart

Centamin Intra-day Chart

Centamin News

News in this section is provided by AJ Bell

Broker Forecast - Peel Hunt issues a broker note on Centamin PLC 09 Oct 2019 | 08:00 Broker Forecast - RBC Capital Markets issues a broker note on Centamin PLC 08 Oct 2019 | 08:00 Centamin's Andrew Pardey to retire as CEO; says lower end of production guidance 'achievable' 03 Oct 2019 | 07:37 Broker Forecast - Goldman Sachs issues a broker note on Centamin PLC 03 Sep 2019 | 11:40 Broker Forecast - Peel Hunt issues a broker note on Centamin PLC 23 Aug 2019 | 08:30 Centamin raises dividend despite profits falling by more than a quarter 31 Jul 2019 | 09:12 Broker Forecast - Berenberg issues a broker note on Centamin PLC 30 Jul 2019 | 11:20 Broker Forecast - Jefferies International issues a broker note on Centamin PLC 30 Jul 2019 | 09:50 Centamin maintains FY production guidance as gold output jumps 27% in Q2 18 Jul 2019 | 08:30 Broker Forecast - Peel Hunt issues a broker note on Centamin PLC 10 Jul 2019 | 09:20 Director Deals - Centamin PLC (CEY) 05 Jun 2019 | 09:00 Director Deals - Centamin PLC (CEY) 05 Jun 2019 | 09:00 Director Deals - Centamin PLC (CEY) 05 Jun 2019 | 09:00 Centamin reiterates FY outlook despite lower gold output, sales in Q1 24 Apr 2019 | 08:06 Broker Forecast - Peel Hunt issues a broker note on Centamin PLC 22 Mar 2019 | 08:10 Broker Forecast - RBC Capital Markets issues a broker note on Centamin PLC 08 Mar 2019 | 09:50 Broker Forecast - Goldman Sachs issues a broker note on Centamin PLC 01 Mar 2019 | 13:50 Broker Forecast - Jefferies International issues a broker note on Centamin PLC 26 Feb 2019 | 11:40 Centamin profits slide on lower gold output and sales 25 Feb 2019 | 16:06 Broker Forecast - Goldman Sachs issues a broker note on Centamin PLC 22 Feb 2019 | 12:50 Turnaround on trade drives global equities higher 15 Feb 2019 | 16:40 UK shares creep 0.1% higher as May loses another Brexit vote 15 Feb 2019 | 09:05 Centamin reports significant increase in mineral resources 15 Feb 2019 | 08:17 Broker Forecast - RBC Capital Markets issues a broker note on Centamin PLC 09 Jan 2019 | 10:40 Centamin annual gold output meets guidance despite falling 13% 09 Jan 2019 | 07:31 Broker Forecast - Berenberg issues a broker note on Centamin PLC 07 Dec 2018 | 11:40 Broker Forecast - Goldman Sachs issues a broker note on Centamin PLC 30 Oct 2018 | 12:10 Broker Forecast - Jefferies International issues a broker note on Centamin PLC 17 Oct 2018 | 10:00

Assets (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Tangible Assets
836.0
851.1
Intangible Assets & Goodwill
59.2
168.8
Investments & Other Non-Current Assets
32.5
0.1
Total Non-Current Assets
927.7
1,020.0
Inventory
97.6
105.2
Trade & Receivables
33.4
34.5
Cash & Receivables
282.6
359.7
Other Current Assets & Assets Held for Resale
6.7
9.9
Total Assets
1,348.0
1,529.3

Liabilities (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Short Term Liabilities
47.4
66.4
Long Term Liabilities
13.8
11.0
Other Liabilities / Pension etc
0.0
0.0
Total Liabilities
61.2
77.3

Net Assets (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Net Assets
1,286.8
1,452.0

Equity (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Share Capital
670.6
668.7
Minority Interests
0.0
0.0
Retained Earnings
610.5
778.9
Share Premium Account
0.0
0.0
Other Equity
5.7
4.3
Total Equity
1,286.8
1,452.0

Cashflow (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Cashflow from Operating Activities
223.4
358.8
Cashflow Before Financing
139.8
254.1
Increase / Decrease in Cash
-81.1
-42.0

Income (£m)

Data has been provided by AJ Bell

Reporting Date
31 Dec 2018
31 Dec 2017
Turnover
603.3
675.5
Cost of Sales
406.5
414.3
Gross Profit
196.7
261.2
Operating Profit
152.7
221.4
Pre-Tax Profit
152.7
224.1
Profit / Loss for the Year
152.7
109.4

Dividend History

Data has been provided by AJ Bell

Period
Ex-Dividend Date
Payment Date
H1 Dividend
29 Aug 2019
27 Sep 2019
H2 Dividend
18 Apr 2019
13 May 2019
H1 Dividend
30 Aug 2018
28 Sep 2018
H2 Dividend
22 Mar 2018
06 Apr 2018
H1 Dividend
31 Aug 2017
29 Sep 2017
H2 Dividend
02 Mar 2017
31 Mar 2017
H1 Dividend
08 Sep 2016
07 Oct 2016
H2 Dividend
21 Apr 2016
27 May 2016
H1 Dividend
03 Sep 2015
09 Oct 2015
H2 Dividend
23 Apr 2015
29 May 2015
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
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