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Share Name Share Symbol Market Type Share ISIN Share Description
Fresnillo Plc LSE:FRES London Ordinary Share GB00B2QPKJ12 ORD USD0.50
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -3.60 -0.45% 803.80 803.40 803.80 812.00 802.00 808.00 482,325 11:58:11
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 1,777.4 403.2 37.1 22.0 5,923

Fresnillo Share Discussion Threads

Showing 12026 to 12046 of 14025 messages
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DateSubjectAuthorDiscuss
07/10/2020
16:36
False break down, fres back into its side ways trading range above £12. did some good topping up in the £11-£12 mark. you got have patience and buy on the dips. When the printing press starts up again we should break out to the upside and test the next resistance (Trader chart please). Exdiv for TSG tomorrow, a fantastic 6p. It amazes me how a small Russian producer pays such a good Div. whilst a lot of stock are cancelling theres.
2603
07/10/2020
15:58
Awaiting stimulus updates here but FRES looking strong regardless.
thecomposer
06/10/2020
22:25
Silver down 5% already ... not looking great .
kennyp52
06/10/2020
11:37
Putting the the Ag price to one side, it will be interesting to see how their dilution control and production improvement measures are progressing in the Q3 update. They should be starting to bite in earnest now and will hopefully show up in the production and grade stats for Q3, which in turn will tell us what they need to do to meet EOY guidance.
roguetreader
06/10/2020
11:24
Funny - was looking back at the initiation of their coverage with a sell rating and 1000p price, after the H1 results, not very long ago. It was not unreasonable, summarised as PM prices gains masking operational issues. The guy doing it had 20 years covering mining companies - he knows his stuff, better than some of the 20-someting scribblers. What has changed?
imastu pidgitaswell
06/10/2020
11:21
BERENBERG RAISES FRESNILLO TO 'HOLD' ('SELL') - TARGET 1200 (1000) PENCE
grupo
06/10/2020
09:58
Yes. It's not a big issue - it was just the process and the partial release of the relevant information that was a bit odd. They had to refinance at some point, and doing it now (as opposed to 6 months ago) will have got them a much better long term rate as the risk (to the lenders) is much lower. As above, maybe getting an even lower rate wouldn't really make much difference to the annual cost, relative to their operating income, so might as well get it done (for 30 years) and move on. The main issues remain as they were - managing the pandemic, operational efficiency on their existing problem mines, bringing Juanicipio into production, managing the gold production decline until Orisyvo produces (and funding Orisyvo pre-production) plus (I think) managing management succession. Something tells me, after the likely panic of last year and early this year, including the reporting difficulties and one off unforseen costs of 2019, that the CFO's days may be numbered. Now that the debt refinancing has been dealt with, he may be getting a carriage clock very soon... Anyway, all much much easier thanks to the metals prices increases, but also thanks to their management of the pandemic - no mine closures when their competitors have had to close a lot.
imastu pidgitaswell
06/10/2020
08:44
High level of debt but the rescheduling to 2050 makes it almost irrelevant and indicates confidence in mine life . Big positive ?
kennyp52
05/10/2020
21:02
https://www.hellenicshippingnews.com/silver-copper-provide-hints-for-the-global-economic-outlook/
bogotatrader
05/10/2020
16:41
Cool thanks
plat hunter
05/10/2020
15:46
No - the new ongoing debt level of $850m maturing in 2050, replacing the previous $800m which was due to mature in 2023. Of the $800m due in 2023, them are repaying $480m with the proceeds of the new debt issue, and will repay the rest ($320m) in 2023. So from now until 2023 they will have gross debt of $1,170m - but no impact on net debt except for general operating cash generation (less capex and dividends), of which there is currently a lot.
imastu pidgitaswell
05/10/2020
15:41
Are we referring to the 480 million?
plat hunter
05/10/2020
11:02
Rick Rule of Sprott Capital describes Fresnillo as "very cheap but opaque" if you ask for his feedback on your portfolio.The handling of this refinancing seems to be very opaque.It's because it's majority owned elsewhere and the execs are big shots, they don't feel us tiny shareholders on the other side of the world need to know the ins and outs of the business, but they have to share a certain amount due to regulation.
rarther
05/10/2020
10:59
4.25 for 30 years is more than most have on their mortgage though.Let's hope negative rates don't come to fruition as even someone with a mortgage could switch to get paid for their debt, once their fixed period closes.Debt still a problem here, lets hope silver doubles from here on out, so that it doesn't matter.
plat hunter
05/10/2020
09:30
Yes, 4.25% is higher than current market levels, but for 30 years, probably a decent rate. Now more of an equity funding in many ways, as no principal repayment needed for a long time. Now expecting the Orisyvo capex to miraculously reappear in the future projections...
imastu pidgitaswell
05/10/2020
09:25
Agree the way it was published was odd. Look to be taking the view that rates will be going up long term and getting their position set now at lowest possible? rates.
roguetreader
05/10/2020
08:42
See Friday's late and today's RNS re the debt - just refinanced, for 30 years at 4.25% instead of 5.5%. With another $50m (for some reason). And still $320m of the current debt outstanding - at least for another 3 years. So not just found $480m down the back of the sofa after all. Just seemed odd that the Friday RNS was the first time the new debt was mentioned by them, all the while the RNSs about redeeming the current debt. Odd.
imastu pidgitaswell
04/10/2020
21:02
No need to remind me of my 3000p target next year, I'll be rubbing your snotty nose in it before then my dear little fellow
trader536
02/10/2020
21:35
Kenny the clown my dear friend - Its quite ironic you turned up here to troll Fres while it was experiencing 'normal volatility' ie moving within its ATR, then your beloved CEY has a massive crash because fundamental flaws have come to light in its single mining operation. Hence why you should be very careful buying one trick ponies such as CEY and SRB. You reap what you sow my dear friend. Fres with its diversified income would have been a far safer option, it has out performed both CEY and SRB, in fact, it is up a whooping 83% in four months, while my higher risk pick GRL is up 169% over the same period. You may want to study the list below and ask yourself if it's better to buy a rising stock or a falling stock? You may also take a minute to reflect on the performance of your own stock picks v my stock picks and ask yourself who has made the most dosh on our London listed PM picks....
trader536
02/10/2020
18:33
Fres 2020 full year profit should be in excess of $500m, and hopefully 2021 profit will be anywhere north of $1 billion. I can't see anywhere better to park some cash for the next couple of years. Obviously there will be pullbacks and trolls to deal with along the way, but my long term target of £20-£30 looks solid for now. Long-term (monthly) chart is bullish. EMA's are stacked in ascending numerical order and all indicators are positive, it paints a similar picture to the 2010 and 2016 rises....
trader536
02/10/2020
16:32
Cheers trader. I agree lost production will not help. This is a short term, average at 220. Should go to 250 resistance on a good bounce. It’s 30% off highs, the risk reward takes my fancy.
2603
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