Centamin Raises Dividend 33%

Written by MrStockFox. Posted in Dividends

Centamin had a excellent quarter and just announced a 33% raise to its semi-annual dividend.  This is not a stock I plan to hold forever but its certainly one that I want to continue to hold in a rising gold environment.  This quarters dividend is usually the smaller of the two, so my hope is that they decide to raise their fiscal end dividend early next spring also.  We will have to wait to see.  Last year the dividend was split up into .97 cents for the first half and 2 cents for the second half.  I could see where they end up raising both.  I own 20,060 shares, so with this raise my annual income has increased by $206.

https://finance.yahoo.com/m/de6b2b52-4912-3833-a7b0-c61341ff3d29/ss_top-5-efficient-gold.html

Q2 2016 Operational Highlights

  • Gold production of 140,306 ounces was a 12% increase on Q1 2016 and 30% higher than Q2 2015.
  • Cash cost of production of US$461 per ounce and all-in sustaining costs (AISC) of US$669 per ounce.
  • 2016 annual production guidance of between 520,000 and 540,000 (previously 470,000) ounces at a cash cost of production of between US$530 and US$550 (previously US$680) per ounce and AISC of between US$720 and US$750 (previously US$900) per ounce.
  • Record process plant throughput of 2.93 million tonnes (Mt); a 2% increase on the previous quarter.
  • Recovery of 89.5%, up by 1% over the first quarter, reflects on-going optimisation of the process plant.
  • The underground mine delivered 256kt of ore, (a 9% decrease on Q1 2016), at a grade of 9.3g/t (up 19% on Q1 2016).
  • Continued positive results from underground exploration drilling at Sukari, with an updated resource and reserve estimate scheduled during the second half of the year.
  • Development of a new exploration decline commenced in August 2016 within the north-eastern Cleopatra zone of Sukari Hill, aimed at testing the potential for further reserve growth and additional underground production of up to 1Mt per annum. Initial project expenditure is expected to be US$11.5 million.
  • Exploration continues to support the potential for near-surface and high-grade economic mineralisation in Burkina Faso. Encouraging results from the exploration programme in Côte d'Ivoire.

Financial Highlights

  • EBITDA of US$101.6 million was up 51% on Q1 2016, driven by an increase in realised gold prices and gold sales volumes together with improved operational efficiencies and lower overall costs.
  • Centamin remains debt-free and un-hedged with cash, bullion on hand, gold sales receivable and availablefor-sale financial assets of US$332.2 million at 30 June 2016, up US$56.5 million over the quarter.
  • Interim dividend of 2 US cents per ordinary share versus an interim payment of 0.97 US cents in 2015.
  • Basic earnings per share of 6.297 US cents; up 78% on Q1 2016. 

centamin

Centamin has basically hit my long term target over the last 8 months.  I do expect the stock to consolidate for 3-6 months around this zone before possibly launching higher.

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Potash Corp - Possible Bear Trap???

Written by MrStockFox. Posted in Trade Ideas

I like the setup here on Potash Corp.  It recently reported one of its worst quarterly earnings in its history, but yet the stock has failed to breakdown.  It also reported a 60% dividend cut.  If a stocks fails to breakdown on horrible news it usually means that the tide is about to change.  I plan on adding to my position this week.  A breakout above 18-18.50 would be very positive.

AXP - Looks Very Cheap

Written by MrStockFox. Posted in Trade Ideas

American Express looks cheap even after the recent 30% rise in its stock.  I plan to add to my position here soon.  Notice how the EV/EBITDA ratio is almost as cheap as during the finacial crisis of 2008.  Also noticed how price bottomed before the ratio did.  My biggest issue with the stock is the low starting yield of 1.6%, but I am not going to let that stop me from buying one of the Worlds top brands.

TROW - Adding to my Long Term Position

Written by MrStockFox. Posted in Trade Ideas

TROW is currently resting on its 30 year uptrend line.  I feel that right now is a good time to add to your longer term positions.  TROW has zero long term debt and has been increasing its dividends for more than 25 years in a row.  Current yield is over 3% and it has a history of paying out special dividends ever couple of years.

Dividend Income Update July 2016

Written by MrStockFox. Posted in Dividends

I just got back from a 2 week trip visiting Seattle and Vancouver with my family.  I also got a chance to attend the Sprott Natural Resources Conference in Vancouver.  I'll probably do a little overview of the conference in a separate post.  I got to hear the CEO's of 3 of my largest resources companies, Ivanhoe Mines, Pretivm Resources and Nevsun Resources.

Here are a couple photos from the trip.  The weather was absolutely amazing, with most days in the low 70's.

seattle

I couldn't believe how cheap the flowers were in Pikes Market

flowers

 

Dividend Income

After being out of contact for almost two weeks I have a lot to get caught up on.  So I am going to dive right into my numbers for the month of July, 2016. 

If you wish to view any of my past monthly updates you can find them here.

My monthly income was 60% higher than the same month a year ago and up 37% over last quarter.  I took in $332.37 for the month of July.  My portfolio value increased from $216,606 to $235,164 which also includes my contributions of $3935.  

I ended the month with my annual future dividends at $8350 up from $8164 last month.

Current Stats
  • 12 Month Income = $5368
  • Total 12 Month Future Dividends = $8350

dividends

Key:

  • Dividend Income
  • 12 Month Moving Average

dividends

Key:

  • 2014 Income
  • 2015 Income
  • 2016 Income

Purchases

Below are all of my purchases for the month of July 2016. 

  • 50 shares of ATUSF
  • 400 shares of AOIFF
  • 3 shares of GILD
  • 30 shares of CCJ
  • 107 shares of SPOXF
  • 5 shares of CHRW
  • 9 shares of BEN
  • 6 shares of SHLX
  • 2 shares of VER
  • 55 shares of WFC
  • 133 shares of NSU
  • 49 shares of TIF
  • 21 shares of BSM
  • 3 shares of PII
  • 1 share of V
  • 14 shares of BNS
  • 20 shares of NKE
  • 4 shares of BX
  • 27 shares of OHI

Monthly Capital Contribution

Below you can view the total dollar contributions made to my Dividend Portfolio since inception along with the 12 month total in red.  Currently my 12 month capital contribution total is coming in at $59,066.  Going forward I would like to contribute at least $50,000 a year to my dividend portfolio and as of the last 12 months I seem to be crushing that number since I am currently closer to $60,000.  In the month of July I added $3935 to my dividend portfolio.

dividends

Portfolio Value

dividends

Since I tend to take profits more often than the typical buy and hold dividend investor, my Cost Basis and Portfolio Value ratio are not an accurate reflection of my overall profits within the portfolio. 

Portfolio Weighting

dividends

Option Income

dividends

Key:

  • Dividend Income
  • Option Income

If you wish to view any of my past monthly updates you can find them here.

Thanks for reading.

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