Member Info for bendipa1

'Ýou need to be aware that shorters are playing with this and poly. '

There's barely any shorters position in FRES (0.5%). so you can rule that one out. If you bothered to read today's trading statement they are having serious production issues recruiting employees to dig the stuff out of the ground. A lot of this is down to recent Mexican Labour laws restricting the hours and working conditions for miners. So potentially the company will be in deep doodoo as far as future production goes. We were warned about all of this last month as well.

"The company forecast silver production in 2022 will be below previous estimates, and that gold output will fall on year."
https://www.sharecast.com/news/news-and-announcements/fresnillo-shares-slump-on-production-warning--9094962.html

Cheap? Last year, when they were around £40 people, were saying how cheap ULVR was, but it failed repeatedly to hold that level. Now they can't even stay above £38. I'm fairly sure we will see this dip below £36 this year.

They are a perennially 'unlucky' company. And companies like FRES (not necessarily miners) continually disappoint and often end up going bust or staying in the doldrums for years to come. Plenty more bad news to come, I'm afraid.

"...we intend to move away from our existing matrix to an operating model that will drive greater agility, improve category focus, and strengthen accountability".

Oh goody! Nothing like a bit of management BS speak to raise the spirits. Jesus wept!

Now at a 5 year low and destined to go much lower if the deal goes ahead. The market has delivered a clear verdict. It doesn't like this proposed deal.

ULVR is making the same mistake that other conglomerates such as Lonhro, Vodafone, BTR, Hanson, GSK, etc all made - making big deals thinking it will enhance earnings but getting deeper into debt and making little to no progress over the years with EPS. In the end only Hanson had the sense to break itself up and sell off everything. That won't happen with ULVR. Even if this bounces it will be of the dead-cat variety. Jope has to go, preferably asap.

ULVR has been one of the worst performing FTSE stocks for a long while now. Since early Sept 2019 it's made a series of lower highs and smaller rebounds. The bottom during this period has been about 3700. If that level fails to hold then things could start to get really ugly and it could easily fall to 3500 or lower. No sign so far of any serious upward move on the cards and 3900 remains the current lower holding level and it had problems staying above that for much of last year.

Not altogether convinced, but we'll see what ensues in the next 3 months.

https://www.investing.com/analysis/silver-the-loaded-spring-200606076

'this has to be bottom low 770s as sp holding up so well.'

Nowhere near the bottom. This is a full-bloodied bear market in silver, which seems to be crashing far more than any other metal at the moment and shows no sign of abating. Expecting FRES to be sub 700 within a a couple of months.

But he still holds over 220m shares, and sold less than 1% of his holding. Not sure where you get 20% from.

"Gold just jumped higher but it hasn't done nothing for fres".
FRES is primarily a silver miner. Gold jumped today. Silver still fell, but only marginally. Other PMs fell more heavily. So metals going in the opposite direction of gold at the moment.

Silver dropping like a stone today. Currently 4.4% drop in 24 hours and an 18% fall since mid May. That's a bear market in progress. Expect silver to be sub $20 soon.

I love shares which attract such little interest on share forums. These usually turn out to be the best performers for me in the long run. Here's one such case - Ashmore.

These shares are taking something of a pounding at the moment, having reached a 10 month low on the back of some pretty impressive, recent results, considering the financial effects of the pandemic over the past year. The shares are currently yielding a decent 4.6%, which is 2x eps. I couldn't resist and decided to buy a small chunk.

How would you know? We have a recent statement saying how well he company was recovering, then not long aster the CEO dumps 950,000 shares. I sense the market smells a big rat.

Just on income considerations alone it's worthwhile at this level - yield 3.75%, assuming that the div remains safe. Nothing is ever definite (eg RDSB). But according to MSE the top rate on a 2 year fixed bond is currently 1.67% from Tandem. . Who?

If this has fallen purely on a broker's say-so, even more reason to buy. I could not even begin to count the number of times these so-called wise heads get it completely wrong. But I'd hold back a bit while those that panic at the slightest suggestion of a broker's downgrade continue to have their wilted leaves shaken.

" It's hard to believe that we're now lower than at the depths of the 2008 crisis"

Might have something to do with the fact that they have had 2 years of sharply falling eps - down from $0.63 (y/e 31.12.18) to $0.19 (31.12.20). accompanied by 2 div cuts in succession - let alone that they were involved in a notorious money laundering scandal back in 2012, just as the banks were emerging from the 2008 crisis.

That may seem like a long time ago, but mud sticks.

"If you are not holding a stock, why would you be bothered what it does, or does not do."

Nail banged on the head! Probably holds them and bought at too high a price and has a paper loss, or might have sold them making a nasty loss.

Which is relevant to what point. exactly?

MRW's latest trading figures yoy aren't exactly encouraging.

If anyone takes them over they will still have to compete with the discounters, and we all know who have been winning that battle over the past decade and more. Food retailing in the UK is not the same as in the US as Walmart found out after they bought ASDA and have now been trying to get rid for the past few years. And in any case why would the CMA approve a bid from Amazon, about the most anti-competitive company on the planet.

https://www.standard.co.uk/business/leisure-retail/morrisons-takeover-kantar-b941904.html

Sp still struggling.

I'm out. Happy to take a 38% gain over 8 months (+div).