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 Shares Traded Last Trade
  63.00 4.92% 1,343.00 15,472,300 16:35:27
Bid Price Offer Price High Price Low Price Open Price
1,315.50 1,317.50 1,353.00 1,294.00 1,305.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 1,598.28 134.79 20.89 62.6 9,896
Last Trade Time Trade Type Trade Size Trade Price Currency
18:05:00 O 1,501 1,332.813 GBX

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Date Time Title Posts
19/9/202015:13FRESNILLO precious metals11,832
11/9/202013:26Fresnillo - With PM Charts19
29/8/201912:59Number works3
20/6/201911:50Fresnillo - 2018 and beyong10
11/4/201913:29Darren Sindendiscusses Fresnillo on Tip TV2

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Fresnillo Daily Update: Fresnillo Plc is listed in the Mining sector of the London Stock Exchange with ticker FRES. The last closing price for Fresnillo was 1,280p.
Fresnillo Plc has a 4 week average price of 1,194.50p and a 12 week average price of 812p.
The 1 year high share price is 1,365p while the 1 year low share price is currently 458.30p.
There are currently 736,893,589 shares in issue and the average daily traded volume is 1,822,805 shares. The market capitalisation of Fresnillo Plc is £9,896,480,900.27.
imastu pidgitaswell: So, slap down Tuesday comes again - except it is on the metal prices, not really doing much to FRES share price (so far). All good signs - added back some of yesterday's sales.
imastu pidgitaswell: The thing I'm not really getting in all of this carnage, is the lack of volume. I get the flight to liquidity, sell everything and anything, gold and silver crashing in that environment, FRES share price (conveniently) taken below previous lows and the 2008 initial float price - all standard mugging of long term investors techniques, stop triggering etc. But there is no volume, certainly for FRES. Yesterday was 2m shares, or c£11m pounds worth. Out of a total market cap of over £4,000 million. I would have thought the wild swings would be accompanied by massive volumes (the 75% not in free float notwithstanding). I guess it could be attributable to an absence of buyers, in any circumstances, and hence the acceleration of prices lower than these volumes would suggest. But I don't really know. One lesson I did learn from 12 years ago is to avoid leverage, all leverage. Happy to sit it out, albeit must admit not so keen on putting more into SIPP in this market - have a few weeks to decide for this tax year. But happy that this is the safest place to be, an equity that owns the assets in the ground, and does not have the security risks of either storage of precious metals, or the operational risks of mining in fractious countries - I see it as safer than cash (don't rule out a bank or more going under), safer than oil shares. On this last point, maybe a bit dramatic - as mentioned, I don't see the volumes.
trader365: Mick - You maybe correct, but it's always good to be prepared, and expect the unexpected. Here's the comparison to the 2008 fall using the same percentage terms. People who were invested will remember the painful falls, while the inexperienced clowns think falls of 70/80% don't and won't happen. IMO the clowns have a lot to learn. In 2008 Fres fell from 550p to 97p, which is a 82% fall. The equivalent 82% fall from todays 727p would result in a Fres share price of 130p In 2008 CEY fell from 67p to 18p, which is a 73% fall. The equivalent 73% fall from todays 148p would result in a CEY share price of 40p
trader365: Heres H1 2019 percentage loss in comparison to H1 2018... Profit for the period of US$70.9m, down 69.1% Basic and diluted EPS from continuing operations of US$9.5 cents per share, adjusted EPS of US$8.4 cents per share, down 69.4% and 74.8% respectively What most people fail to see is, after higher metal prices in 2019 the percentage rise in the figs will be a multiples of the percentage losses reported in 2019 which should trigger a boom in the share price. ie here's how percentage loss and gain work... If you lose: 10% your next trade you need to gain 11% to break even 20% your next trade you need to gain 25% to break even 50% your nest trade you need to gain 100% to break even 75% your next trade you need to gain 300% to break even 80% your next trade you need to gain 400% to break even 85% your next trade you need to make 566% to break even 90% your next trade you need to make 900% to break even 95% your next trade you need to make 1900% to break even Due to the loss in 2019 and subsequent rise in metal prices Fres should produce triple digit percentage gains in H1 2020 relative to H1 2019. I think that's when we'll see a pop in the Fres share price.
trader365: Silver Chart. The effect high and low priced silver had on FRES earnings in 2011 and 2015 are clearly visible on the silver monthly chart below. We can also clearly see the failed breakout in the silver price in 2016 that caused a spike to 1950p in the FRES share price. Blue circles… 1) Shows the monthly colour coded 5, 12, and 40 period exponential moving averages stacked in ascending numerical order. (Bullish). Price has risen above the 40 EMA (the thick line) and remained there for 5 months. (Bullish). 2) Shows the 12, 26, 9 MACD histogram about to turn positive indicating positive price divergence. (Bullish). 3) Shows 12 period RSI rising and reading 59 indicating price is gaining strength but not at overbought levels. (Bullish). 4) Shows 12 period ADX reading 22 approaching trending level (25). Histogram positive, +DMI higher than –DMI indicating that bulls are stronger than bears. (Bullish).
trader365: Silver heading towards $19 now In 2010 silver spiked sharply. It went from the $20 breakout level to the $50 peak in just 8 months. That rise spiked FRES shares to over £20 and kept the share price aloft for a couple of years on far less production than we have today. Again in 2016 silver went from $13 to only $20 (less than 50% of the 2011 spike) and produced the same reaction in the FRES share price on far less production than we have today. 2020 FRES is supported by higher silver production and far higher gold production and a far higher gold price, so IMO a spike in silver to new highs will send FRES share price to £50 or higher
trader365: And here's the 10 year EBITDA v share price... 2009 EBITDA $496m - Share Price 650p 2010 EBITDA $945m - Share Price 1260p 2011 EBITDA $1538m - Share Price 1689p 2012 EBITDA $1315m - Share Price 1610p 2013 EBITDA $729m - Share Price 748p 2014 EBITDA $567m - Share Price 871p 2015 EBITDA $547m - Share Price 698p 2016 EBITDA $1032m - Share Price 1418p 2017 EBITDA $1060m - Share Price 1310p 2018 EBITDA $915m - Share Price 1007p 10 year average EBITDA $914.72 10 year average share price 1126.57p 10 year average share price to EBITDA ratio = 1.2316 EBITDA for H1 2019 was $307m. H2 2019 will be higher due to the rise in PM prices. Worst case scenario 2019 EDITDA will be 2xH1 = $614m. Using the 10 year average share price EBITDA ratio (1.2316) and H1 EBITDA ($307m) x2 gives us a worst case valuation of 756p before the 18% increase in PM prices in 2019. So based on historical ratio FRES is looking cheap as chips
trader365: Exactly! FRES is the world's largest silver producer and Mexico's largest gold producer so risk is pretty low, they're in the process of deleveraging the business. Gold has broken out of a 6 year consolidation period and is approaching 7 year highs. The gold/silver ratio is at multi decade highs suggesting a massive pop in silver could be imminent. FRES production is near all time highs and new production is coming on stream in 2020 & 2021 too boot. Gold and silver prices up 17% and 15% respectively in 2019 If gold and silver make new all time highs then FRES should be £30/50 and increasing dividend payments along the way. The only thing required is patience. FRES share price is near multi year lows, which combined by the above gives the perfect conditions for a massive rise in the FRES share price. Red or brown sauce with the hat sir??
trader365: Source - I think you may be due a visit to specsavers. Production is near record highs and forecast to increase next year. "We achieved record annual silver production of 61.8 moz and a very strong gold performance of 923 koz in 2018. Gold production surpassed the expectations we had at the beginning of the year. Despite the year on year increase in silver production, we reported lower silver production than anticipated and were disappointed not to meet our long-term silver target of 65 moz" A few years ago the share price was almost 3x higher on 50% less production, so bags of potential to exceed those S/P highs with 2018/19 production levels and current PM outlook. 2011 when FRES share price hit £21.44... silver production was only 41.8 moz (2018 up 47%) gold 448,866 oz (2018 up 106%) 2012 when FRES share price hit £19.70... silver production was only 40.9 moz and gold 473,034 oz 2016 when FRES share price hit £19.95... Silver production was only 50.3 moz and gold 925,500 oz
hamhamham1: If you look at precious metal miners like Barrick or Hothschild or even industrial miners like glencore, these are back to where their share price was 12 months ago. Whereas fres still has about a 40% upside to catch up with these levels. So plenty still in the locker I reckon. If you look at industrial miners like BHP and Anglo, they are up 50% from 12 months ago, if fres was to catch up with their performance on the industrial silver side, then the fres share price upside is even greater. Either you need silver for industry or for safe haven, am happy it puts fres in a good place. The long and the short of it is that demand has outstripped supply for the past 5 years. That will continue and will correct this share price and silver price. .
Fresnillo share price data is direct from the London Stock Exchange
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