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Centamin – And now there are two reasons to sell at 39p: target price 25p

Tom Winnifrith
Wednesday 17 April 2013

Reasons to be bearish part 2. The first reason to sell Centamin (CEY) was political – it operates in Egypt where there is zero long term visibility for businesses since the regime change. But there is now a fundamental reason to offload the stock pronto – the maths simply do not stack up. And I warn you that there are some big broker downgrades on the way.

on ShareProphets | Comments
About Tom Winnifrith
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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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