Fresnillo Share Discussion Threads

[hamhamham1] 17/10/2018 22:08

May is toast!
Asking for an extra year will be her downfall.

[hussyo] 17/10/2018 22:07

There have been noises in the US recently of their fears of a hard Brexit, primarily because of London's pre-eminence as a clearing house. So although I wouldn't ordinarily put much focus on the domestic where Fres is concerned, this is different.

[hamhamham1] 17/10/2018 21:55

A few percent gain early tomorrow maybe? EU just cancelled next month's summit.
Edit, maybe not much movement until later on that, although there's always the Saudi stuff. If they audio tape come out then all hell will break loose.

[hamhamham1] 17/10/2018 11:47

Ahhh. I think price is down because Jeffries cut their target price from 1600p to 1350p - but they still have reiterated it as a BUY so I am pretty happy.
(And their target price is still a 50% increase from the current share price!)

I also now see Citigroup has reduced target to 1000p.

Personally I think both of these are out of date, their targets in my view are not reflective of today's climate. There are so many bubbling up issues in the world that it only takes one or two to go bad and that could provide the tipping point. Time will tell.



I think this dip will be bought quite quickly, again time will tell.

[thetrophyman] 17/10/2018 11:03

Ta erik #5283

[hamhamham1] 17/10/2018 10:18

Rangold up nearly 2%.
I expect a tick up here to match soon hopefully.

[eriktherock] 16/10/2018 20:47

5285 Thanks ham, good post.

[hamhamham1] 16/10/2018 20:25

If I could say 2 things about investing which I have learnt it would be:
Over investing in any one stock/sector too early is bad. (Gradually invest).
After listening to the first point, then avoid panic selling after a 10-20% downturn in your investment is another.

[hamhamham1] 16/10/2018 19:59

Sounds a good approach :)

[hussyo] 16/10/2018 19:55

Oh I'm not day trading these. I'm simply in until my price target is met, and the sooner that happens the better!

[hamhamham1] 16/10/2018 19:53

Huss. I am buying long term. Daily fluctuations only affect traders and close margin spread/cfd investors.
I am not that clever, I buy long term cheap and sell long term high.

[hussyo] 16/10/2018 19:46

Risk On again in the US today - Fres will likely pull back tomorrow. Though with any luck NFLX will have disastrous numbers after the bell.

[hamhamham1] 16/10/2018 19:32

But if you asked me the question as to whether I would have over 50% of my available cash invested at this current time, I would say no.
Ignore me as I am just cynical :)

[hamhamham1] 16/10/2018 18:28

No, solid companies that have real assets/growth. The asset/growth bit is the difference.
I am currently only shares wise in fres.l and bt.a.
I have just bought a property to develop at a 30% market discount.
But still a fair bit of cash in the bank.
At the end of the day we are 10 years into a massive bull run, everyone can make their own minds up on what that means about market direction.
Protecting cash and keeping an ability to react to opportunities is a good idea I think?
Its all a gamble!

Ps - this is not advice just saying my approach.

[eriktherock] 16/10/2018 18:14

Did you buy Debenhams ?

[hamhamham1] 16/10/2018 18:13

My view on buying shares is buy when they are cheap, down by over 50-60%+ for no fundamental reason why they can't recover then be patient and wait for the inevitable rise.
Do this in small portions of your capital over different time and economic periods.

[eriktherock] 16/10/2018 17:44

Trophyman, in very simple terms 865 was a level of expected support. This didn't hold and the share price sunk lower and then back-tested this level on the way back up last month and then sunk again.So 865ish became resistance.
We have now smashed through that resistance and a back-test will reinforce the new upward trend.

[thetrophyman] 16/10/2018 16:40

erik, if you have time, what do you base your TA on for the back test of 865? My chart knowledge is not good, something I'm keen to work on though

[thetrophyman] 16/10/2018 16:36

Ha ha thanks erik, floating would be the first stage for my PF currently :) I'll take that for a start

[hussyo] 16/10/2018 14:23

Come on Si, let's see you grab a hold of fifteen bucks and haul yourself up

[eriktherock] 16/10/2018 08:05

Just a note to say that a back-test of 865 would be a positive for the upward momentum.

[eriktherock] 16/10/2018 06:55

Thanks for reply trophyman. Glad you have a plan. Some silver bullion in small denomination may come in useful for your retirement. I hope your sipp value propels into an appropriate orbit especially as you have Fresnillo as a constituent.

[hamhamham1] 16/10/2018 06:23

Hussyo. Thanks for posting that the link to the report. Great reading, great future me thinks!
- Lower production costs per oz.
- Increased production output.
- New facilities coming online.
- Cash in the bank.
- Very little debt (Net Debt to EBITDA = 0.1x)
- Steady, solid management.

[thetrophyman] 15/10/2018 23:29

For me erik, as FRES is currently only in my SIPP, I can see neither until I retire, if I still hold then, I'll most likely be planning my exit and invest in something much more boring with a chunky dividend, else I'll die and it's not my problem ;)