$2800 dead looks like probably it for today, though MXN not given up yet. |
$2797 is a new ATH for gold.
Silver flying, too, at $31.94/ MXN649. |
I'm afraid not, small free float the majority of the stock in one man's hands. |
Any chance of a bid? |
MXN57,155. Just missed in USD.
And silver up to MXN646.
Looks like FRES going for the cup and handle - completely justified by fundamentals for the time being, of course, until something breaks or reverses. |
oooh, it's awake |
New gold ATHs in MXN. It keeps rising so will post new high when it pauses. |
FRES starting to outperform silver - and about time after many months of underperformance. The market is being slapped in the face with a kipper of good numbers by the company. It was pretty obvious that strong PMs and weak Peso were always going to be a good combination. The company will probably generate over $1bn of free cashflow in 2025 if things stay roughly the way they are. Enjoy the (cup and handle?) ride ...
free stock charts from uk.advfn.com |
For now.... |
And still below £7 |
Gold is above Thursday's closing ATH, at MXN 56,810. And not far off in $s either, at $2780.
Silver holding up at MXN636. |
Are gold and silver's jump after lunch due to Canada suddenly ceasing quanititative tightening in January and going back to quantitative easing in March? |
I've been so distracted by Q4 bumper figures that I missed strong silver today, trying for a 2-month high @ MXN637. Silver is up 60% over 12 months.
Meanwhile, gold squeaked a new closing ATH out yesterday and is also ahead of that today, at MXN56,940. Gold is up 64% over 12 months. So the bumper Q4 is currently on course to be beaten by a bumpier/bumperer/more bumpy/more bumper Q1.
$1bn free cashflow in 2025, anyone? |
Disconnect with MXN. Cashflow was boosted due to lower MXN costs as MXN v $ fell, especially in Q4. Forecasts were overly conservative. Should be following MXN PM prices more closely. Some of this gap should close on results. I grant political worries developed in 2023 and 2024 but these seem to be largely easing.
free stock charts from uk.advfn.com |
FRES/Silver Correlation gap overextended |
you'll see what i mean in this very long term chart. it does certainly fly when it wants to. it either goes down 25%, or it is indeed a multibagger at this price. no inbetween.
no bad market reaction for once
the silver price is a big thing for fres, and ag is at a very interesting point with a lot of upside.
much bigger movement coming soon
free stock charts from uk.advfn.com |
I was listening to Don Durret's YouTube channel earlier and he was saying how cheap the stock was and it COULD be a multi bagger. Printing money he said and from today's results you can see why he raved about it. There's only one problem, it trades on the London Stock Exchange, broken like the City of London, London, the FSA. Crooked. |
Aleman - 27 Nov 2024 - 14:29:04 - 21318 of 21430 FRESNILLO precious metals - FRES
Forecasts continue to creep up since the last update. Free cashflow consensus forecast (13 analysts) from 2023-2026 is currently as follows:
$-55.9m $507.1m $709.7m $598.2m
Latest for this is:
$-55.9m $518.3M $755.5m $$690.6m.
But they've just told us 2024 will be $820-850m - 60% higher than 2024 consensus. |
Silverstream contributes around 3.5% to 5% of total silver production.
Its share has declined from 5.03% in FY23 to 3.64% in FY24.
The quarterly trend also shows a decreasing contribution from 4.32% in 4Q23 to 3.51% in 4Q24. |
They’re gonna write-down the value of Silverstream to offset the profit surge. Sensible tax move. |
Did you not see it move from 450p to 770p? That's +71%, how many FTSE 100 companies are up 70% in the last 12 months? |
Breaking £7 would be a win and I doubt it will break it. Will be interesting to see what they do with the dividend given their policy is to increase it as profit increases. A 5%+ yield might actually move the shareprice. |
 To estimate the share price of Fresnillo (FRES) based on its historical P/E ratio and the provided information, you can follow these steps:
Step 1: Calculate the company's total market value (equity value)
We are given the following:
Profit from continuing operations = $1 billion
P/E ratio = 20 (historical)
Using the formula:
Company Value
=
Profit from Continuing Operations
×
P/E Ratio
Company Value=Profit from ;Continuing Operations×P/E Ratio
Company Value
=
1
billion
×
20
=
20
billion
Company Value=1 billion×20=20 billion
So, the estimated company value is $20 billion.
Step 2: Convert the company value to GBP (since the share price is in pounds)
We need to account for the currency difference since the company value is in USD and the shares are priced in GBP. Assuming the exchange rate is 1 USD = 0.80 GBP (a reasonable assumption for this example):
Company Value in GBP
=
20
billion
×
0.80
=
16
billion GBP
Company Value in GBP=20 billion×0.80=16 billion GBP
Step 3: Estimate the share price
We are told that there are 737 million shares outstanding. To estimate the share price, we use:
Share Price
=
Company Value in GBP
Shares Outstanding
Share Price=
Shares Outstanding
Company Value in GBP
Share Price
=
16
billion GBP
737
million shares
=
21.7
GBP per share
Share Price=
737 million shares
16 billion ;GBP
=21.7 GBP per share
Conclusion:
Based on the assumptions, the estimated share price of Fresnillo (FRES) would be approximately £21.70 per share. |
FRES historic P/E is 20. There are 737m shares at £7 each, assume $1b profit from continuing operations and estimate the FRES share price?? |
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