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Centamin

Current Price 104.80p Bid 104.80p Ask 105.00p Change -0.66%
Last Updated: 17/10/2018 10:11. 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 31/12/2017

Turnover
£675.51m
Operating Profit
£221.37m
Dividend Yield
11.84
Dividend Per Share
12.50
Dividend Cover
0.76
P/E Ratio
11.10

Key Personnel

Ross Jerrard
Chief Financial Officer
Josef El-Raghy
Executive Chairman
Prof Ibrahim Mohamed Fawzy
Non-Executive Director
Mark Richard Arnesen
Non-Executive Director
Alison Baker
Non-Executive Director
Mark Anthony Lodge Bankes
Non-Executive Director
Gordon Edward Haslam
Non-Executive Director

Stock Details

EPIC
CEY
ISIN
JE00B5TT1872
Shares in Issue
1,154,722,984
Market cap
£1,219.39m
Sector

Analyst Views (3)

Strong Buy
 
66.67%
Buy
 
0.00%
Hold
 
33.33%
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
104.90p
Bid Price
104.80p
Ask Price
105.00p
Volume
2054051
Change Today
-0.70p
% Change Today
-0.66%
Open
104.60p
Previous Close
105.60p
Intraday High
105.65p
Intraday Low
102.45p
52 Week High
168.15p
52 Week Low
84.74p
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 MoneyAM

Broker Forecast - Berenberg issues a broker note on Centamin PLC 09 Oct 2018 | 09:50 Stronger sterling stalls FTSE 05 Oct 2018 | 16:53 FTSE falls amid declining miners 05 Oct 2018 | 12:01 UK stocks open 0.3% lower amid global rate rise fears 05 Oct 2018 | 08:50 Centamin lowers gold production outlook as operational improvements lag 05 Oct 2018 | 07:26 Centamin reaffirms guidance after profits jump in H1 02 Aug 2018 | 08:39 Broker Forecast - Numis issues a broker note on Centamin PLC 10 Jul 2018 | 11:00 FTSE rises on weaker sterling and strong commodity prices 09 Jul 2018 | 16:49 Mining rally boosts FTSE 09 Jul 2018 | 11:53 UK stocks open 0.4% higher, led by miners 09 Jul 2018 | 09:00 Centamin gold production falls 25% in Q2 09 Jul 2018 | 08:02 Director Deals - Centamin PLC (CEY) 15 Jun 2018 | 14:25 Director Deals - Centamin PLC (CEY) 11 Jun 2018 | 15:10 Director Deals - Centamin PLC (CEY) 05 Jun 2018 | 12:00 Director Deals - Centamin PLC (CEY) 29 May 2018 | 11:50 Broker Forecast - Numis issues a broker note on Centamin PLC 29 May 2018 | 09:30 FTSE closes up after seesaw afternoon 25 May 2018 | 16:38 FTSE stalls as UK growth fears confirmed 25 May 2018 | 11:59 UK stocks open stronger as North Korea tensions cool 25 May 2018 | 09:02 Centamin cuts production guidance for 2018 25 May 2018 | 08:07 Global markets fall on re-emerging trade war fears 03 May 2018 | 16:50 Insurers drag on FTSE 100 03 May 2018 | 12:09 Centamin maintains FY output guidance as profit more than doubles in Q1 03 May 2018 | 09:06 Broker Forecast - Goldman Sachs issues a broker note on Centamin PLC 28 Mar 2018 | 08:10 Broker Forecast - Goldman Sachs issues a broker note on Centamin PLC 26 Mar 2018 | 11:00 Broker Forecast - Berenberg issues a broker note on Centamin PLC 09 Mar 2018 | 09:10 Centamin director Trevor Schultz to retire 19 Feb 2018 | 13:46 Centamin gold production exceeds guidance but pre-tax profits fall 31 Jan 2018 | 07:48 Broker Forecast - Numis issues a broker note on Centamin PLC 11 Jan 2018 | 09:20 Centamin FY output exceeds guidance 10 Jan 2018 | 07:20

Assets (£m)

Data has been provided by MoneyAM

Reporting Date
31 Dec 2017
31 Dec 2016
Tangible Assets
851.1
868.9
Intangible Assets & Goodwill
168.8
153.9
Investments & Other Non-Current Assets
0.1
0.4
Total Non-Current Assets
1,020.0
1,023.2
Inventory
105.2
136.6
Trade & Receivables
34.5
24.9
Cash & Receivables
359.7
399.9
Other Current Assets & Assets Held for Resale
9.9
2.2
Total Assets
1,529.3
1,586.7

Liabilities (£m)

Data has been provided by MoneyAM

Reporting Date
31 Dec 2017
31 Dec 2016
Short Term Liabilities
66.4
54.5
Long Term Liabilities
11.0
7.7
Other Liabilities / Pension etc
0.0
0.0
Total Liabilities
77.3
62.2

Net Assets (£m)

Data has been provided by MoneyAM

Reporting Date
31 Dec 2017
31 Dec 2016
Net Assets
1,452.0
1,524.5

Equity (£m)

Data has been provided by MoneyAM

Reporting Date
31 Dec 2017
31 Dec 2016
Share Capital
668.7
667.5
Minority Interests
0.0
0.0
Retained Earnings
778.9
854.0
Share Premium Account
0.0
0.0
Other Equity
4.3
3.1
Total Equity
1,452.0
1,524.5

Cashflow (£m)

Data has been provided by MoneyAM

Reporting Date
31 Dec 2017
31 Dec 2016
Cashflow from Operating Activities
358.8
366.3
Cashflow Before Financing
254.1
260.5
Increase / Decrease in Cash
-42.0
196.0

Income (£m)

Data has been provided by MoneyAM

Reporting Date
31 Dec 2017
31 Dec 2016
Turnover
675.5
687.4
Cost of Sales
414.3
389.3
Gross Profit
261.2
298.1
Operating Profit
221.4
265.9
Pre-Tax Profit
224.1
266.8
Profit / Loss for the Year
109.4
214.8

Dividend History

Data has been provided by MoneyAM

Period
Ex-Dividend Date
Payment Date
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
H1 Dividend
03 Sep 2014
03 Oct 2014
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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