CEY - Centennial Coal

[noirua]

The Centennial price performance has been quite disappointing in the wake of the approval for the Anvil Hill, open-cut mine, about a week ago. The mine will produce 10.5 mtpa(ROM) thermal coal, mostly for export through the Port of Newcastle. There lies the hold-up as the Port of Newcastle expansion has the go-ahead but none of it is in place, as yet.

Vanguard Group became a substantial holder in CEY at 5.16% and Maple Brown Abbot increased their substantial holding to 8.9%.

 

[noirua]

CEY's year ahead and near term future looks set very fair indeed. The last 12 months saw an increase in coal production to 20.1 mtpa under management, an increase of 14%.

Anvil Hill has its go-ahead and Centennial has restarted talks with prospective partners.

 

[ta2693]

Coal sector is going to a very interesting sector in the future.
On the one hand, China is importing a lot of ores which needs a lot of coal to turn them into metal.
On the other hand, for environment and resource protection reason, China is closing its coal mines especially the small coal mines. China is the main producer of Coal.


It is not hard to imagine the demand will exceed the supply in coal which makes the coal price even higher.

There is no more coal company left which did not nearly double its price in the past half year.
ECU, GUJ, CEY maybe the only three left. I expect the market will rerate them in three months future.

 

[noirua]

Centennial is one of my favourite coal stocks. Anvil Hill is set to produce agreements to sell 10% stakes that should bring in enough cash for development of the open-cut mine. Up slightly yesterday, against the trend - imho, very interesting.

 

[noirua]

Centennial is one of my favourite coal stocks. Anvil Hill is set to produce agreements to sell 10% stakes that should bring in enough cash for development of the open-cut mine. Up slightly yesterday, against the trend - imho, very interesting.

Centennial Coal are holding up quite well in this "The Great Slide" in markets throughout the world. Anvil Hill is, IMHO, very, very much undervalued. Amongst all the coal stocks this one is the one to think about. Felix Resources is a similar stock but has not yet been given the go-ahead at Moolarben.

 

[Dutchy3]

Back on the horse

LONG on the CLOSE for me today ... the weekly is positive for a weekly breakout. The daily close at 3.50

 

[reece55]

Back on the horse

LONG on the CLOSE for me today ... the weekly is positive for a weekly breakout. The daily close at 3.50

Hi Dutchy...

Looking good mate, I like the look of CEY from here.... that resistance at 3.50 dates back to prior to the November capitulation.... blue skies ahead...

Cheers

 

[michael_selway]

Hi Dutchy...

Looking good mate, I like the look of CEY from here.... that resistance at 3.50 dates back to prior to the November capitulation.... blue skies ahead...

Cheers

Hi Dutchy, its not bad

EPS(c) PE Growth
Year Ending 30-06-08 19.7 17.3 85.7%
Year Ending 30-06-09 32.2 10.6 63.4%

Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 10.6 19.7 32.2 51.4
DPS 8.0 10.0 13.0 19.9

thx

MS

 

[Dutchy3]

My first entry since losing 30% of my capital in recent weeks ...

I've really got to watch my gearing levels ... Blue skys would be good. Lets see how it holds up for the balance of the week.

 

[noirua]

CEY have pushed on up to $3.55 this morning which is one of the best results, if not the best, in the coal sector in the last few weeks. The Anvil Hill mine remains the key interest as partners are arranged.

 

[michael_selway]

CEY have pushed on up to $3.55 this morning which is one of the best results, if not the best, in the coal sector in the last few weeks. The Anvil Hill mine remains the key interest as partners are arranged.

The forecast growth numbers look too very compelling

Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 10.6 19.2 39.6 51.4
DPS 8.0 9.0 13.0 19.9

EPS(c) PE Growth
Year Ending 30-06-08 19.2 18.8 81.0%
Year Ending 30-06-09 39.6 9.1 106.2%

thx

MS

 

[noirua]

Centennial have moved close to $4.00 and a market cap of $1.2 billion, and trading on Friday a healthy 2.34 million shares. May have further to go as the value of Anvil Hill hits home.

 

[benwex]

CEY has just entered a trading halt...

I am of the opinion, the recent sharp rally in the SP suggests some very positve news ahead..

This is a very leaky and inefficient market we play in.

Lets hope its has nothing to do with their mountain of debt...

 

[michael_selway]

CEY has just entered a trading halt...

I am of the opinion, the recent sharp rally in the SP suggests some very positve news ahead..

This is a very leaky and inefficient market we play in.

Lets hope its has nothing to do with their mountain of debt...

Its not a takeover or merger is it?

Looks at GCL, MCC, FLX, RSP etc

Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 10.6 19.2 35.7 51.4
DPS 8.0 9.0 13.0 19.9


thx

M

 

[buggalug]

Centennial Announces Sale of Anvil Hill, Takeover Offer Received for Austral Coal

http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00759767

 

[buggalug]

Centennial Announces Sale of Anvil Hill, Takeover Offer Received for Austral Coal

http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00759767

Interesting day, the market seemed to like the announcement at first driving the price up to $4.29, then pushing it down to $3.94 by close.

 

[noirua]

Interesting day, the market seemed to like the announcement at first driving the price up to $4.29, then pushing it down to $3.94 by close.

I've sold my holding in Centennial as it looks as if we're into a boring period of votes etc. Hope it goes higher for those still holding - good luck.

 

[Dutchy3]

OK so that worked ... shorter term holders might like to review as see if this qualifies as a hold now ....

 

[Dutchy3]

Having another crack at this one ... everything seems strong enough for another decent move and as this is via CFD nicely geared.

 

[michael_selway]

Having another crack at this one ... everything seems strong enough for another decent move and as this is via CFD nicely geared.

Hm past $4 again today!

Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 10.6 15.6 22.9 30.4
DPS 8.0 8.7 10.2 13.0

thx

MS