Fresnillo Share Discussion Threads

[timbo_slice] 20/8/2024 12:44

Just keep buying until it gets to what you consider fair value.

[trader465] 20/8/2024 12:39

They just raised it in line with the policy.

This interim dividend is higher than the previous period due to the increase in profit in 1H24, and remains in line with the Group's dividend policy



Our dividend policy takes into account profitability of the business and underlying earnings, as well as the Group's capital requirements and cashflows, whilst maintaining an appropriate level of dividend cover. A total dividend of between 33-50 per cent of profit after tax is paid out each year in approximate proportion of one-third to be paid as an interim dividend, two-thirds to be paid as a final dividend. This gives us required flexibility to consider the underlying cyclical behaviour of precious metal prices. Dividends are paid in UK pounds sterling unless shareholders elect to be paid in USD. As previously disclosed in previous reports, the corporate income tax reform introduced in Mexico in 2014 created a withholding tax obligation of 10% relating to the payment of dividends, including to foreign nationals. However, foreign shareholders may be able to recover such tax depending on their tax residence and the existence of double taxation agreements.

[pictureframe] 20/8/2024 12:27

The company needs to up the dividend.

[15glenrose] 20/8/2024 10:41

It's ridiculous this current valution !!!

[aleman] 20/8/2024 10:22

Silver's 50-day average of MXN537 is turning up again after flatlining for a couple of weeks. (All time high is MXN570.) Gold's 50-day average, just passing through MXN44k, continues to set new records and is now 3%+ above its previous 2020 Covid record.

And the shares do nothing. The PM prices in MXN look higher and more sustained than in 2020, when FRES shares hit £13.

[arlington chetwynd talbott] 16/8/2024 22:29

It does feel like country risk, as topazfrenzy suggests. You can see the same failure to launch with First Majestic, I think.

[g2theary] 16/8/2024 21:27

How did FRES end up down today been buying back from the highs I sold :) great investment ... no brainer here!

[topazfrenzy] 16/8/2024 15:45

I am guessing that with this very low share price investors are not interested in anything based in Mexico under the new communist-lite regime?

Sad to see Fresnillo at this low valuation considering the price of Gold and Silver.

Looks uninvestable really ...

[trader465] 16/8/2024 12:48

Prat - What’s your target and stop sir

[mr number9] 15/8/2024 22:56

Mr T, I knew you would cower to me, and obey like a good little doggy.
It makes my eyes twinkle.......

[foreverbull] 14/8/2024 15:48

It feels good when you read blank white screen instead of loads of rubbish

[jaka] 14/8/2024 12:11

Geoff, I've wonder why I filtered 9 for a while now so thanks for confirming my initial thoughts that 9 was still posting nonsensical clap trap.

[geofft] 14/8/2024 09:25

We are truly honoured to have someone of your intelligence and financial acumen posting here to try to help us.I have just sold all my FRES shares, all my other shares, my house and my car (you did say ALL asset classes were due to crash after all)I am now living in a cave (with surprisingly good WiFi signal)Thanks again.

[geofft] 14/8/2024 08:12

My apologies. I realise gibberish is your first language, but had presumed English was your second. Obviously not if you can't understand a straightforward post.

[aleman] 14/8/2024 08:11

Looking in from a holiday break. Silver 50-day still flatlining at a strong MXN538. Gold 50-day still hitting records each day - now MXN43,640. FRES shares still ignoring it. Back to holiday ....

[geofft] 13/8/2024 15:51

Massive market crash coming for all asset classes eh? Yet here you are posting that quite important info on a very small, single stock, bulletin board. As I'm sure your intentions are entirely honourable, wouldn't it be better to announce this to a bigger audience? Unless of course, I am mistaken and your intentions aren't entirely honourable............

[mr number9] 13/8/2024 13:39

Before the 6's, this will see 4's again....followed by 3's.
Massive market crash coming, bigger than '29. All assets will collapse....and I mean all.
Beware (although I hope you lose.....lol lol)

[plat hunter] 13/8/2024 11:42

Sorry r88ver... That's my stop loss, i got 540 for my buy.

[r88ave] 13/8/2024 11:31

nice one platter should be ok at that price imo.

[plat hunter] 13/8/2024 11:17

Mines at 516... GL Raver 👍😁

[r88ave] 13/8/2024 10:15

inverted H&S forming on hour....lows 529 being the neck. could spike up quickly if the inflation in USA shows easing this week. Small long at 535 with SL 495.