Hargreaves Lansdown Share Discussion Threads

[ochs] 16/5/2024 11:35

@bend1pa 943/944p will be an important area of resistance as that was the July 2023 high.

If we get past there then I'd look at the Feb 2023 high of 1,024p.

[giltedge1] 16/5/2024 08:46

Over £9, from £7.50 to £9 in 3 weeks, not a bad return. Fundamentals finally recognised, still value 5% DY compared to savings account + growth.

[adamb1978] 15/5/2024 16:28

We're also close to interest rates coming down and as soon as people can stop getting 5% entirely risk free in savings accounts, you might see more interest return to equity markets

[giltedge1] 15/5/2024 15:18

bandpas1 I would stick with HL at P/E 12 & DY 5% at this level, still not expensive. If footsie has a good 2024 will accelerate eg today footsie up 0.3%, HL up 1.7%.

[bend1pa] 15/5/2024 14:19

Short covering is certainly no 'sideshow' here. The shorters held a significant amount of shares, nearly 7.5% of HL in March, which has fallen back to 5.3% on May 9. So I'd say it's played a big part in this rise.

If we get to the low 900s, my finger will be nervously hovering over the 'sell' button as I'm convinced they'll return for another crack at HL sometime this year.

[giltedge1] 15/5/2024 12:35

A combination of factors driving rise, better than expected AUA at 31/3 & increase in ftse since about 8%, so more to come. Generally undervalued compared to peers ie Charles Schwab. Improving sentiment, sellers withdraw. So was undervalued anyway most forecasts say high £9,s fair value. Short covering a sideshow but helps as stock needs to be bought at some stage. Still 5% short so playing 'chicken' my guess & hoping for a fall
seems a risky strategy for them, as share was undervalued & a growing business, no debts & strong cashflow.

[stoopid] 15/5/2024 10:17

Bouncing up again, nearly back at levels seen over a year ago. Are you suggesting that the closing of shorts is what's driving this??Question is, will it stick or will we see another fall back to 800 or below. Results/update was good but is it enough to see HL back in the FTSE 100. That would also boost the price as tracker funds would have to buy in?

[giltedge1] 14/5/2024 22:28

Another good gain to £8.77, looks like shorter are starting to close or forced to hopefully.

[stu31] 12/5/2024 20:08

Hecla Reports First Quarter 2024 Results
05/08/2024

Cost and production guidance affirmed

For The Period Ended: March 31, 2024

COEUR D'ALENE, Idaho--(BUSINESS WIRE)-- Hecla Mining Company (NYSE:HL) today announced first quarter 2024 financial and operating results.

FIRST QUARTER HIGHLIGHTS

Operational

Produced 4.2 million silver ounces, an increase of 43% over the fourth quarter of 2023 ("prior quarter")
Lucky Friday completed ramp-up to full production with 1.1 million silver ounces produced.
Improved safety at Keno Hill - 41% improvement over the 2023 All-injury Frequency Rate ("AIFR"); increased throughput 29% over the prior quarter, produced 0.6 million ounces of silver.
2024 production and cost guidance reiterated.
Financial

Sales of $189.5 million, 44% from silver and 34% from gold.
Net loss applicable to common stockholders of $5.9 million or ($0.01) per share and adjusted net income applicable to common stockholders of $6.5 million or $0.01 per share.1
Consolidated silver total cost of sales of $108.2 million and cash cost and all-in sustaining cost ("AISC") per silver ounce (each after by-product credits) of $4.78 and $13.10, respectively.3,4
Received $17.4 million in Lucky Friday fire related insurance proceeds.
Silver Nuggets*

Solar in 2023
Solar’s demand for silver reached 194 million ounces, up 64% over 2022.
16% of global silver demand is for solar, up from 7% in 2019.
Indian Silver Demand
Accounts for 19% of global silver demand and is at pre-pandemic levels.
February 2024 silver imports set a record, while the silver price in Indian rupees set an all-time high in April.
"The first quarter reflects an inflection point with the strong performance from Greens Creek, achieving full production at the Lucky Friday, and significant improvements in safety, environment, and production from Keno Hill," said Phillips S. Baker Jr., President and CEO. "With this strong start to the year, we are well-positioned to achieve our production and cost guidance for 2024."

Baker continued, "Silver demand for solar has been growing at a remarkable 17% annual growth rate over the past five years and is projected to continue. In India, buyers long known as being price sensitive, are importing silver in record quantities despite higher silver prices. Solar and India represent more than 35% of world demand and continues to grow.”

Baker concluded, “Hecla is the largest U.S. silver producer and is on track to be Canada's largest this year. With silver production growth expected up to 20 million silver ounces by 2026, Hecla is the fastest growing established silver producer and should benefit from this strong and growing demand."

[ochs] 10/5/2024 18:05

Not if you shorted it at £12!

[yf23_1] 10/5/2024 17:31

Burn baby burn.

[growthpotential] 10/5/2024 17:06

Shorters are toast

[giltedge1] 10/5/2024 16:22

band1pa personally I think they have miscalculated HL shares not very liquid, will have to bid up price to buy in the market. Today up 2.7%. Even at £8.50 HL not expensive, on DY Cashflow etc.

[bend1pa] 10/5/2024 13:10

I don't think the shorters are crazy. They certainly seemed to know what they were doing over the past year and 2022. But thankfully they appear to be getting cold feet since mid March. There may be a lot more unwinding to come if HL continues to rise at this rate. But if we reach the 900s, they could also get very busy again, if the last 2 years are anything to go by.

This share is as much about playing the shorters as the normal market.

[giltedge1] 10/5/2024 07:49

Traders must be crazy to short largest broker in a rising market. Anyway helps holders. Another 7% up & back in ftse100.

[stoopid] 09/5/2024 15:15

What price for a FTSE 100 re entry???

[giltedge1] 09/5/2024 12:30

Nice rise again today strong Beta, ftse pulling out of lost decade, will help HL due to home bias

[stoopid] 09/5/2024 09:30

Worried it will get smashed back down if FTSE takes a dump....

[giltedge1] 08/5/2024 15:57

AUA at 31/03 record high £149B. Pleasing to see HL funds almost £10B up 20% YOY, smashing other Asset Managers. Good rise in FTSE since 31/3 bodes well for further gains in AUA & closing shorts will give further boost. Can t see why doubters out there as profits derived from record AUA. Great cashflow & no debts can see special divs in 2025.

[lomax99] 08/5/2024 14:01

He did, several years ago.

[eigthwonder] 08/5/2024 13:57

Is Damps still involved? thought he departed ages ago, post Woodford

[growthpotential] 08/5/2024 12:59

They need to get rid of Dampier for being a mugg

[eigthwonder] 07/5/2024 17:54

Agree 100% Leadixon. And you didn’t even mention that as a national market leader this has to be on a foreign acquirer’s shortlist

[leadixon] 07/5/2024 17:38

Agree - i have a fairly significantly position here and i have no plan to sell even if it went near £12/£13. Happy with the Dividend which will grow at a decent % over the coming years, very good company, new management, strong long-term trajectory and a great offering. I have my ISA and Active savings with HL and even though i have accounts with II and AJ Bell, i have no desire to move even with the slightly higher prices.....the offering is best on the market overall to me. We just need a little more innovation from them and i'll be very happy.

[bend1pa] 07/5/2024 13:13

Looks like some shorters are starting to be shaken out, as this has risen impressively over the past few weeks. But I'm sure the shorters will be back for another bite of the cherry before too long.

900p is easily attainable this year, provided the FTSE remains buoyant....but for how long? Any weakness in the FTSE and HL will drop like a stone again.