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Yes safe haven stocks should hold up better when the market tumbled as their income is fairly constant. They are Utilities, Consumer staples and Healthcare always and fairly constantly in demand. Hochschild is the exact opposite of a non cyclical safe haven, its profits gyrating wildly. 330p aug 2017, over 70% fall to 92p in March 2020, as it tumbled with the market. Looks like we could be heading there again. The only safe haven bit of Hoc is their wisdom in hedging a third of their silver output for a utility like income, but this is only a 6th of total profits and only lasts through next year. Of course being the opposite of a safe haven stock it could also soar if gold does, but gold tends to tumble if the market collapses as investors seek liquidity. The only hope is that the market realises that REAL interest rates are still falling even while NOMINAL rates rise.
nonsense. When all furlough bs stops & the world faces reality which is global recession almost a certainty, the safe haven stocks like this will boom. Load up time here. Bargain basement. Just look at the trading statement. Highly profitable; strong balance sheet & liquidity. What's not to like?
With rising % rates could stay cheap for ages !
08-Sep-21 Hochschild (HOC) Berenberg Bank Hold - 200.00 Reiteration
If you can hold for any length of time i see likes of CEY, HOC FRES as super investments at these levels. Cyclical business & whole sector on the down at the moment. Don''t be surprised to see a huge rise here before too long. Could dip further for sure & any spare cash i have may well find it's way in here. Lots of decent bargains about. Difficult to know which one's best but Hoch been going for years. Very safe buy this!
Any turnaround in PM base prices this will absolutely rocket. Load up time for me. Even if this goes lower i'm not bothered. All the trading figures here indicate a grossly undervalued company. A rerate is way overdue.
200-136. Like there hasn't already been a high volume sell off??
I am holding off for now having watched my chalked up gains from selling at around £2 in June get significantly reduced (temporarily) when I reentered around 149 & 150 & 168 .
In the accumulation phase for me but not adding more until I see a high volume sell off.
Looking compelling down here - hopefully we'll get a chance at c130p but just a £700m mcap now.
I expect a tad more pressure on the silver plays than I do the gold plays (which I think have already bottomed this last week) and this fits right in the middle of gold/silver course.
Just read an article on Simply wall st. They have hoc fair value at 272. I wish.
I’d probably take a 5% loss to get out of these
I was looking to sell at 2 quid. Would settle on breakeven now at 180.
Hoc share price was dragged down by the mini crash Monday, since then just about every other stock has rebounded yes hoc drops further. Easily the most frustrating stock I own, thinking I may need to average down to ever get out of these anytime soon. What’s peoples target prices out of interest?
Ageofkali, I see that this is your first message since 2017 with this name. Pity that you used this occasion to slate a valuable member of LSE instead of providing a valuable contribution to the board.
I too bought back in today at 140, after selling at 155. CEY is trending back up, so I think this will catch up in the next day or two if not later today
This morning’s fall triggered my 140p buy limit order, so I’m in, at last. Hopefully, I won’t have cause to regret it.
Bit of a flash crash yesterday ...same in FRES.. .everyone a bit calmer today....
I grabbed a few at 144.8 ...am looking to hold until the end of the year...I am patient ...likely to be ripples during Sep and Oct I reckon ...so..hang on to the side of the boat :-)
JCEP
I think ramping up to production and sales is when you see the REMs affect valuation. I know it is an asset but institutions will want to see it converted into cash.
I would like to think this will reach support any time now.
The rare earth RNS could have been better explained frankly. It’s a big opportunity.
Sure but it depends on what you mean by "soon".
Final dip/raid on Gold/Silver in-play right now IMO - I like Jan/Feb for the balloon going up.
Most frustrating stock in my portfolio, anyone expecting a break out anytime soon?