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CG - Centerra Gold - Page 2

post #21 of 77
Thread Starter 
ok perfect, I could be a bit scared to be on a venture, I mean, for sure there there are good firms too, but is well know the difference between a nasdaq small cap or a pinksheets, otcbb is better but however not so much, but at least audited.

However, that is on tsx it's on now. I understand that stocks can be subject of manipulation too and I seen it on this stock too in few days I monitored it.

But the point is that the stock is down from 16+ CAD to less of 1 CAD 0.90, and there the PE was below 2. The capitalization is around 250millions of CAD.

Now for what I found, the company is one of the best for the financial situations, with no debts and cash position (93 millions).

Is in the top 4 as number of employees and in the top 5/7 as net income now and as revenues.

So I still want to find somebody know well this stock and gold stock to understand if this stock is undervalued. I bought some to 1.25 and some to 0.94 few days ago, with an average of 1.02/03 I think, but the point is that can go even to 0.50, so pe of 1 and I still don't understand why investors buy stocks of the same sector with PE of 20 or 15 or 10/11 in the best cases with a financial situation that is not so good.

Perhapes the news are not so bad on centerra I mean they have mines, they will not have interruptions, they have the 13 november a new explorations with a bulgaria partner in turkey, and there is this "bet" of what will do the government on Kyrgikistan about that license that could increase of I don't know so much the production.

Considering that even with a gold at 580/550 I see in the next weeks, or even to 400/450 a lot of companies says that they won't lose so much profits and they can cut costs and however stay in good shape, I really am attracted from such ration of Centerra of such low PE with a cash position of the company.

I would like to find the list of ETFs or mutual funds that own stocks of centerra and call them to ask what they think or to see who are shareolders! but I can't find this informations!! please help me will be appreciated a lot!


post #22 of 77
CG is not one i have followed too much and it appears to be another undervalued gold /Precious metal play. There are several out there and with the current credit crisis happening the good stocks have been getting dumped just as quickly as the poor stocks.
CG appears to be heavily invested in Mongolia and Russia and that may be a negative to some investors , altho personally i believe Asia will be the growth driver of the world economy in the coming years.
Just looking at the latest Q results - it appears CG in good financial health - strong balance sheet. 9 month trailing results saw them making .43 a share , but declining the past Q as it was only .08.
Still that puts them at about 2 to 3 times earnings which would be very low for an established gold miner.
If you are bullish on gold - CG is definitely one to consider - as these plays will bounce back first. CASH will be king in the coming months and those plays not needing to go to the capital markets for help will be best off.
post #23 of 77
If its any help - it appears institutional buying has been picking up:
% Shares Owned: 23.51%
# New Positions: 17
# of Holders: 59
# Closed Positions: 8
Total Shares Held: 50,850,507
# Increased Positions: 32
3 Mo. Net Change: + 241,254
# Reduced Positions: 25
# Net Buyers: 7
post #24 of 77
Thread Starter 
wow thank you for the confort!!! I will make you soon some questions!!! thanks, I see you have a lot of post and canadian, so more expert than me for sure, I come from a country where we have zero ounces in the lands!
post #25 of 77
Thread Starter 



here the short interests! I see that there is a new data each 15 days, so tomorrow another? where to see the updated short interests?
post #26 of 77
Thread Starter 
Quote:
Originally Posted by mouserman View Post
CG is not one i have followed too much and it appears to be another undervalued gold /Precious metal play. There are several out there and with the current credit crisis happening the good stocks have been getting dumped just as quickly as the poor stocks.
CG appears to be heavily invested in Mongolia and Russia and that may be a negative to some investors , altho personally i believe Asia will be the growth driver of the world economy in the coming years.
Just looking at the latest Q results - it appears CG in good financial health - strong balance sheet. 9 month trailing results saw them making .43 a share , but declining the past Q as it was only .08.
Still that puts them at about 2 to 3 times earnings which would be very low for an established gold miner.
If you are bullish on gold - CG is definitely one to consider - as these plays will bounce back first. CASH will be king in the coming months and those plays not needing to go to the capital markets for help will be best off.
I'm agree! the americans did disaster, I'm embarassed for them, we consider now that america have no banks, their business was all virtual, the growth based on leverage of profits done let's say at the border of legality... a disaster. But america is not only merchant banks, there is all the rest that do not hod CDS, CXY XXX and other strange products never hard from eu bankers too in their life!!!

So let's say that yes the future is at east and we already knew this, or let's say abroad america, so russia, china, india, brasil, will still growth much faster. In 2040 a report of pricewaterhousecooper says that China will be the first economy at paid or Usa, india the 3rd, and turkey just to make an example is a 1/5 of france or more now, will touch it and will be big as much france now, just find in google PWC world in 2050 to find this interesting report.

I love RSX etf about russia, and there are several on asian countries or latin america. Russia is cheap, other still expensive and we need to wait the bottoms in the next weeks or months.

But this recession is all caused form the banks let's say illegal business they did for years, and ok the bubble of house market. if we add that in europe or asia people do not have debts of 1000, 5000, 10000 on their credit cards, we can imagine that this recession is an american issue, we go with them down because we are partners always with americans in a lot of businesses.

Forget america now, let's speak of gold and canada (:-)))))))))
post #27 of 77
Thread Starter 
Quote:
Originally Posted by mouserman View Post
If its any help - it appears institutional buying has been picking up:
% Shares Owned: 23.51%
# New Positions: 17
# of Holders: 59
# Closed Positions: 8
Total Shares Held: 50,850,507
# Increased Positions: 32
3 Mo. Net Change: + 241,254
# Reduced Positions: 25
# Net Buyers: 7
i don't understand a lot this data, where have you found it?

the interesting data is that new positions respect of closed are +9 and increased respect of decreased are +7

but possible that in total all this buyers just bought only 241.000 shares??
post #28 of 77
Thread Starter 
and another thing
where to see the INSIDERS buys, the official data, because I've found only some officer that bought shares at 3.90 area, but seem strange that nobody make average to 1.00...

and, I've seen this week 3 times blocks of 500, 650 and 150K shares, at the minimum of 0.94 area and top around 1.15/1.16

what are those blocks? and who is buying and who is selling... who knows?!
post #29 of 77
Thread Starter 
Quote:
Originally Posted by mouserman View Post
CG is not one i have followed too much and it appears to be another undervalued gold /Precious metal play. There are several out there and with the current credit crisis happening the good stocks have been getting dumped just as quickly as the poor stocks.
CG appears to be heavily invested in Mongolia and Russia and that may be a negative to some investors , altho personally i believe Asia will be the growth driver of the world economy in the coming years.
Just looking at the latest Q results - it appears CG in good financial health - strong balance sheet. 9 month trailing results saw them making .43 a share , but declining the past Q as it was only .08.
Still that puts them at about 2 to 3 times earnings which would be very low for an established gold miner.
If you are bullish on gold - CG is definitely one to consider - as these plays will bounce back first. CASH will be king in the coming months and those plays not needing to go to the capital markets for help will be best off.
is normal the eps of 0.08, is volatile, some month is more some month less, depend from some season factor or something like that, I don't know, but is not the same of some high cap stocks, but the good is that since is listed the company did always profits, even when the gold was low. Perhaps I've read on the web that even with a gold lower around 500/450 those businesses are still in profit, of course they will cut some cost, but not production. Perhaps I've read some news where they see a production increase in the Q4 and so the the average cost per ounces will go down in Kumtor.

By the way, which other stocks you fund cheap? so I can test their financial data with my indicator and to see if are cheap like this or their situation. I don't like gold stock at all because I can't understand well the business but with the numbers shown attracted me and a friends follow gold stocks said that this one at those levels can double. It said this at at 1.32, went to 0.93, for 0.93 too is good , but for now the rebound is weak.
post #30 of 77
Technicaly, CG.TO has been showing support around $0.90 and resistance in the $3.22 range. It is upgraded to buy with the $3.76 target price in six months.
"http://canada.stoxline.com/q_ca.php?s=cg.to"
post #31 of 77
LOL some busy posting tsxtrader and i can answer a few questions. That info of latest institutional movement is courtesy of reuters :
http://www.reuters.com/finance/stock...s?symbol=CG.TO
Short positions are available on SW about 4 to 5 days after the 15th and 1st of each month- and its also available from the TSX site.
Cg short position not really that large considering the amount of shares out.
Recently i have been buying GCE , a coal producer that i know of near -within a few hours of my home.
Check out thier earnings per share last Q and the price :http://cnrp.ccnmatthews.com/client/g...eq=0&year=2008
Yes that is right - they made .52 a share in the second Q and last traded at .90 AND their prices for MET coal are locked in until APRIL 09 - go figure
post #32 of 77
Quote:
Originally Posted by tsxtrader View Post
I'm agree! the americans did disaster, I'm embarassed for them, we consider now that america have no banks, their business was all virtual, the growth based on leverage of profits done let's say at the border of legality... a disaster. But america is not only merchant banks, there is all the rest that do not hod CDS, CXY XXX and other strange products never hard from eu bankers too in their life!!!

So let's say that yes the future is at east and we already knew this, or let's say abroad america, so russia, china, india, brasil, will still growth much faster. In 2040 a report of pricewaterhousecooper says that China will be the first economy at paid or Usa, india the 3rd, and turkey just to make an example is a 1/5 of france or more now, will touch it and will be big as much france now, just find in google PWC world in 2050 to find this interesting report.

I love RSX etf about russia, and there are several on asian countries or latin america. Russia is cheap, other still expensive and we need to wait the bottoms in the next weeks or months.

But this recession is all caused form the banks let's say illegal business they did for years, and ok the bubble of house market. if we add that in europe or asia people do not have debts of 1000, 5000, 10000 on their credit cards, we can imagine that this recession is an american issue, we go with them down because we are partners always with americans in a lot of businesses.

Forget america now, let's speak of gold and canada (:-)))))))
))
Wow.. typical european ameri-bashing. perhaps a post saved for the politics and religion section of HSM for arguments sake: it sounds like you know absolutely nothing about what you speak of. Russia is 'cheap' becasue that country is probably one of them ost dangerous 'developed' countries in which to do business in the entire world. their markets are riddled with fraud, corruption, and manipulation. Europeans dont have bad debt? Ya joking man? It is generally accepted fact that Europe will have a bigger housing correction when its all said&done than the US will. I assume You are from europe so why dont you know this? The Americans 'have no banks'? Turkey GDP=France GDP? Does it help you sleep at night when you bash america
post #33 of 77
On a proper note.. Mouser GCE looks nice Coal producers have been trashed just as bad as non producing spec plays it seems.
post #34 of 77
Thread Starter 
Quote:
Originally Posted by regoer View Post
Technicaly, CG.TO has been showing support around $0.90 and resistance in the $3.22 range. It is upgraded to buy with the $3.76 target price in six months.
"http://canada.stoxline.com/q_ca.php?s=cg.to"
thank you for the link
http://canada.stoxline.com/q_ca.php?s=cg.to
post #35 of 77
Thread Starter 
Quote:
Originally Posted by kingtime View Post
Wow.. typical european ameri-bashing. perhaps a post saved for the politics and religion section of HSM for arguments sake: it sounds like you know absolutely nothing about what you speak of. Russia is 'cheap' becasue that country is probably one of them ost dangerous 'developed' countries in which to do business in the entire world. their markets are riddled with fraud, corruption, and manipulation. Europeans dont have bad debt? Ya joking man? It is generally accepted fact that Europe will have a bigger housing correction when its all said&done than the US will. I assume You are from europe so why dont you know this? The Americans 'have no banks'? Turkey GDP=France GDP? Does it help you sleep at night when you bash america
ha ha, I was just speaking in a trading way, not politic, of course russia is corruption and all what you said, not developped at all.
Just that RSX did 100% in less of 2 weeks, while DIA may be 15% (:-)))

forget my comment I wouldn't waste the discussion with politic, I apologize.
post #36 of 77
Thread Starter 
yes is nice this GCE, there is a your thread on this stock here?
post #37 of 77
Thread Starter 
Quote:
Originally Posted by mouserman View Post
LOL some busy posting tsxtrader and i can answer a few questions. That info of latest institutional movement is courtesy of reuters :
http://www.reuters.com/finance/stock...s?symbol=CG.TO
Short positions are available on SW about 4 to 5 days after the 15th and 1st of each month- and its also available from the TSX site.
Cg short position not really that large considering the amount of shares out.
Recently i have been buying GCE , a coal producer that i know of near -within a few hours of my home.
Check out thier earnings per share last Q and the price :http://cnrp.ccnmatthews.com/client/g...eq=0&year=2008
Yes that is right - they made .52 a share in the second Q and last traded at .90 AND their prices for MET coal are locked in until APRIL 09 - go figure
can you check under your house garden if there is some commodity? can we buy some land there and explore?
post #38 of 77
Thread Starter 
do you believe that GCE will do each quarter so 25 millions net profit? if yes, PE of 1 I need to check if they have debts or free of debts.

With CG with pe around 2/2,4 we have 2 stocks below PE of 2,5.

How many stocks we have in U.s. and Canada exchanges with PE below 2,5 with no debts, so with a good cash position like those 2 (not sure of GCE but if you post me some link we can verify)?
post #39 of 77
Thread Starter 
Quote:
Originally Posted by regoer View Post
Technicaly, CG.TO has been showing support around $0.90 and resistance in the $3.22 range. It is upgraded to buy with the $3.76 target price in six months.
"http://canada.stoxline.com/q_ca.php?s=cg.to"
thank you
only to think that just some weeks ago this stocks was at 3.5/4.00

but now... CG, GCE etc... is what gurus call "mr. market" that is giving away bargains, before we was in bubble but at those prices we start to have bargains and the cycles of commodities start to be ascendents, so it's not realistic to be back in 2000/2001 when companies was in loss with low prices.

Have you see CDE and HL stocks that was so popular? they are below the prices of 2000/2002 when gold was at 250.

But check their financials... DEBTs are too high and few cash or net income or losses.

But with people that is just liquidating everything now we can have some really good company with their financial like CG and GCE. At 4 CAD or 3 CAD may be that CG could be correctly prices compared to GG, ABX and other players with ratios even higher but at 1/0.90 those 2 seem really a bottom test for at least a short term rebound.

Ok let's wait dow below 8000 now there is a bit of pressure on indexes and oil again at 55 USD today, probabily gold too will break 700 soon and will fall, but as I said, before we was in bubble, here now we are at discount and some stock can outperform the market and go even in contrary direction,

agree?

btw, strange that GCE with that great quarter went down from 1.45 to 0.87, may be few discovered the stock but however next quarter if will be only the half like 22/23 millions net profit, we can have at this price a PE of 1 confirmed!!!! For now CG has a stronger trackrecord in the past,

I wait some other stock cheap like CG/GCE so we can make a portfolio with PE in average below 2,5 and debt free to avoid credit crunches!
post #40 of 77
Thread Starter 
found this news on centerra http://www.smallcapnews.co.uk/articl...ject/6110.aspx there is not in TSX site, only on google news.
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