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Can anyone confirm or update these numbers of major holders
Insiders 38,85
Institution's 49,98
and eps estimates for FY 22 10 cents profit for the period 58m. H122 pfp should be quite good and will be better than all previous years but perhaps not 2021.
where do you get that from, don't think so, would be PE of around 8? I think you will be very sorely disappointed or I would be flabbergastedly happy at this but sadly we won't be earning 10c a share nor anything the best ever other than maybe speed of debt rise
This is last years interim. So we can add Q1 and Q2 of this year and figure out it will def not be as good as last year.. Sotolo ?
HOCHSCHILD MINING PLC INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2021
Strong rebound in profitability in H1 2021
§ Revenue of $394.8 million (H1 2020: $232.0 million)[1]
§ Adjusted EBITDA of $198.5 million (H1 2020: $80.6 million)[2]
§ Profit before income tax (pre-exceptional) of $97.8 million (H1 2020: $13.1 million)
§ Profit before income tax (post-exceptional) of $83.8 million (H1 2020: $6.5 million)
§ Basic earnings per share (pre-exceptional) of $0.08 (H1 2020: $0.01 loss)
§ Basic earnings per share (post-exceptional) of $0.07 (H1 2020: $0.02 loss)
§ Cash and cash equivalent balance of $256.9million as at 30 June 2021 (31 December 2020: $231.9 million)
§ Net cash of $51.1 million as at 30 June 2021 (31 December 2020: net cash of $21.6 million)
H1 2021 Operational and Exploration[3]
§ All-in sustaining costs (AISC) from operations of $1,136 per gold equivalent ounce (H1 2020: $1,026) or $13.2 per silver equivalent ounce (H1 2020: $11.9)[4]
§ H1 2021 attributable production of 175,119 gold equivalent ounces or 15.1 million silver equivalent ounces (H1 2020: 126,835 gold equivalent ounces or 10.9 million silver equivalent ounces)
§ Brownfield programme adding significant high-grade Inferred resources in H1:
o 409,000 gold equivalent ounces added from Angela North vein at Inmaculada at a gold equivalent grade of 10.6 grams per tonne.
o 7 million silver equivalent ounces added year-to-date at San Jose at a silver equivalent grade of 944 grams per tonne
§ Drilling campaigns executed at Pallancata, Corina, Cochaloma, Arcata and Crespo
§ Further high grade drill results achieved at Skeena Resources' Snip project in British Columbia
Well Dark two questions jump straight out
Cash (important if PM’s tumble) was $86m 6 months ago, $54m at end Mar and negative $106m at end June, now will be sharply negative but how much? We are leveraging at just the wrong moment but maybe only option. But the market knows all this, just as I do which is why the share price has halved in the last year
Aisc was $1136, it will be a few hundred dollars higher leaving a smaller margin as gold falls, guidance was $1350 but it could be higher?
But the market like me should know this and the share price has
Market reducing price in prep for tomorrow?
HI Sotolo,
Not a hugh vol today and not massive sells either but who know what goes on in the background.
huge*
that's quite a sharp drop.
finised back up and only down 1% see what happens tomorrow
Well good luck all, see you at 715
Well, I to a loss of 1c a share even at these relatively high gold and silver prices due to fall further
Annual dividend, 4.25c which is about 4%
Costs up a third not helped by Pallancata silver costing over 30c a share to get out and near double the price it sells for partly mitigated by the hedge for now
Balance sheet from positive to over $100m debt
Aclara $9m write down also as expected
So as grim as expected, but….
The future they say looks good and the $100m+ spent on Amarillo they think will come good. As frequently said if we can come through a capital intensive period on much needed new resources at a time of rising interest rates and falling PM prices then the future looks better but not for a couple of years. Much where Centamin was a year or two ago, now recovering as expected but the share price suffered in the mean time
For UK holders its 1.16p divi. The report could have been a lot worse. They expect a production uplift in H2 that is 25% greater than H1. 2023 could be a challenging year for HOC, but it looks promising for 2024. A lot of the news reported has probably been priced in. Can certainly see why the share price got pulled back to where it has been. If gold rallies HOC can get back to high 90's.
If gold rallies HOC can get back to high 90's.
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Ohhh the dizzy heights of 90s...That isn't much of an incentive to back up the truck is it Tony haha.
Absolutely Slater, at best I will keep the divis and breakeven on this one. (only 2% of my portfolio).
So torn you will make 1gbp in total lol
Interesting listening to Andrew maguire I wonder if over the next 12months if silver will do what nickel did. I still standby that China will invade Taiwan. Lots of uncertainty in the market atm. Maybe this is the big stock ralley before the massive collapse. Anyones guess
Well first I wouldn’t listen to AM, second any future price is a number out of a hat. ‘If gold recovers’ we’ll where to? At $3000 we would be making an extra $500m so teh share price might be 10 times higher, at $1400 an ounce we will be losing money and pur cash running out, back at $2000 an ounce profit and share price should near double. So where 90p comes from no idea.
High 90's was $1840 gold. $2,000 gold is a much higher price but I do not see that in the next two months or so.
I'll have another slurp at 72.50-74.50 if it drops down the ladder further.
It's funny how HOC was up a tad at the open to let someone out and then down the channel it goes once sale complete.
Think the point that's being missed is the AISC is relatively pretty good. $1381 overall and guided $1,330 - $1,370 for 2022 is better than most others (average is about $1500+?).
- Inmaculata's AISC of $1015 is superb.
- San Jose AISC at $1649 was marginally profitable.
- Pallancata's drilling is a do or die as far as I can see and if that had been put in care & maintenance in 2022 then the business would have made $5m more profit (assuming C&M costs $3m like Ares). The silver AISC to $33.1/oz (from $18/oz prior year) is eye watering.
We probably all see these various gold and silver predictions, and eventually there will be a run up (gold due to geopolitical risk and/or stagflation and silver due to demand from renewables). Interestingly the conflict with Russia may smoke out either the conspiracy theorists..... or the conspiracy. It's a fact that physical price exceeds paper price (sometimes by a lot, particularly silver). If Russia offers a 1:1 physical to paper exchange in order to out-rival the LME and supplant existing market makers, then this could drive a vast increase in prices. It would be a mischief Russia could inflict on the West if the stories of empty vaults, and double counting are true. Russia and its allies control a lot of physical gold and silver.
HOC is a waiting game for now.
Agricore if PMs can't flourish, let alone make and hold new all-time highs in a perfect environment (on paper at least) then I'm afraid it's just more "next year is the year/jam tomorrow/one of these days Rodney" forecasts for the sector.
Deeply negative real rates, multi-decade high inflation, worst conflict in Europe since WW2, nuclear maneuvering and Taiwan tension etc. On paper, H1 of this year was literally the perfect storm for PMs.
Miners are experiencing huge cost pressures across debt financing, labor, energy etc. and yet what they're selling is stalling or falling in price. Something's gotta give...
Slater presumably some miners go bust, over indebted high cost like…., then with less overall output prices rise and tose remaining, the ones with strong balance sheets and low costs thrive
It would be ironic if a tonne of miners went under which then caused a PM shortage. However, if we are now in (or soon to enter) a prolonged global recession then industrial demand for PMs would surely fall and perhaps long suffering and frustrated investors will walk away (some already have) from PMs as a monetary metal, could all even out...
" It would be ironic if a tonne of miners went under which then caused a PM shortage."
well if there was a shortage the price would soon rise and the new mine owners would soon be in business and with low debt levels .... the aim being to get some of the mines in new owners hands on the cheap , bought out of Administration
Gold price depends on the FED and its target for interest rate rises......and what yields that creates in the Treasury markets .... turnaround could come once the FED rate peaks and rates turn after recession hits and inflation gets back under control..... something which may well not happen until Spring 2023 as the inflation rate decline takes longer than its rise IMO
Poker, bonds are not a substitute for gold but of the US govt has convinced everyone they are so so the market action of selling paper gold when bond yeilds rise, even when rates are deeply negative thus locking in a real loss on the bonds is idiotic in the extreme and simply means that the physical is mispriced. I dgaf about the ongoing daily mispricing of gold, at one point the market will re-adjust and that is where the gains will be made.