Member Info for BIGBangs

I would guess that there is zero chance of share buybacks here especially after the capital issues. As for big V hitting the buy button I think that is pretty likely perhaps he is just waiting for Odey to get in deeper?

Perhaps it is the Mercedes connection that has lifted the drivability. I used to drive SL’s and they were brilliant then moved on to DB7’s which looked great but were actually pretty rubbish - as I had bought several cars I was encouraged to test DB10 which was a massive improvement from what I had experienced with DB7 - I didn’t buy just gave off the wrong image for the times we are in and perhaps I have changed my values. As an investment I wouldn’t touch them, massively overpriced at IPO a fact that Director sells seem to prove. MTRO will turn out well just have to wait a while.

I see a lot more risk in AML than here and as you point out Z a D4E is a possibility - that said Odey should never be ignored and the Aston Martin product is actually probably better than ever.

Deo you are obviously a contrarian investor as am I but I do not understand why when you knowingly buy shares that are under the kosh you then constantly worry when they fall further than your buy in - surely you don’t expect to always catch the bottom but are buying for the future upturn?

Strange - I was thinking to stop thinking for myself and just follow Odey - if he shorts wait until he is finished and if he is buying add - but that would be just too boring.

Sorry Munger, I accept the SP has fallen and as I am in a negative position I am certainly not over the moon with this share but your comments do not reflect the likely reasons for the fall and are just wrong. For whatever it’s worth Metro have virtually no bad loans neither do they have PPI exposure or capital issues as other banks do. They made an accounting blunder that made them look stupid and cost them dearly but they raised a chunk of money at £5 and subsequently sold a non core loan book for £521m so they are not in trouble. I agree that the SP was probably too high at £40 (and indeed I did not buy them at that price) before the raise but it is ridiculously low now based on market peers and net asset value. Sentiment went against them and the shorters have exploited the weakness - the more they short to shake weak holders the more they will have to buy back at some point. Anything below £5 is a bargain £6 very likely soon and higher before the year end. Buy or short it makes no difference to me but this share represents good value for investors willing to look slightly further than just the next trade.

Another broker rating suggesting we remain oversold:-
HSBC CUTS FRESNILLO TO 'HOLD' ('BUY') - TARGET 690 (1250) PENCE

I agree HH, undervalued but under pressure with no positive news flow. You would hope that the BOD might take some action to stop the drop but deathly quiet at the moment. I’m holding but not adding until things are more stable and Odey and his mates have finished their meal.

I am certainly not advocating militant unions or workers but I have come out of board meetings feeling magnanimous that as FD I had agreed a good fair deal for staff pay rises - I have come out of meetings with union reps where I have felt slightly weak at the knees with the deal I have had to agree - which deal do you think was better for the employees?

There must be a very strong case for the directly employed workers to join a union - I often read a current shortage of skilled builders and following Brexit that situation could get worse. I am not suggesting that self employed jobbing workers from other countries that may not pay tax are in any way a good thing but that workers on PAYE contributing to the economy should be properly represented to receive a proper wage especially if we anticipate a skills shortage.

Your tempted on every board deo but you will miss the boat.

Nicely put Jim.

We are oversold.

RBC CUTS FRESNILLO TO 'SECTOR PERFORM' ('TOP PICK') - PRICE TARGET 650 (1150) PENCE
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JPMORGAN CUTS FRESNILLO PRICE TARGET TO 700 (1000) PENCE - 'NEUTRAL'
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BARCLAYS CUTS FRESNILLO PRICE TARGET TO 720 (760) PENCE - 'EQUAL WEIGHT

I think to a large extent dimi we are currently outside the scope of being concerned by commodity prices. Share driven by opportunists and sentimental at the moment - having said that a rate cut wouldn’t hurt us.

A lot of negative comments about the SP and company on here today, for those that were holding and suffered losses that is certainly to be expected but there are also a lot of likely lads who simply want to drive the price down lower and make those in pain crystallise their loss. Of course I could be proved wrong and the SP could continue to fall tomorrow but at this level this is an absolute buy. I have gone in heavily especially when the price was reaching £6 and I am very happy to stick with this now and reap the rewards that will follow. Look at the accounts again and instead of seeing all the negatives in relation to what it was achieving last QTR or last year just look at the amount of money still being generated and the reserves that are within the mines and don’t let the tricksters cheat you out of your shares. If I am wrong and the SP is driven lower I am more than happy to keep adding. ATB - DYOR.

OK wasn’t expecting that. Accounts were disappointing but a lot of that was anticipated and reflected in the SP before the results. Nothing known in the market justifies the drop, certainty not the continued fall today. The market is exploiting our nervousness- that is what it does best. I am tempted to add but I can see £6 when US opens if not before. The company is worth a lot more all day long but that is not relevant to the short term SP. if you can look a few months ahead the pain and this ridiculous SP will be a distant memory and you will be asking yourself why you were concerned and not buying like crazy. We produce a commodity that is increasingly valuable in a area that is better than most and at a volume, despite the reduction that even with small increases in price considerably improve the bottom line. Look a little further ahead and view this as an opportunity or just switch off and come back in a few weeks. ATB

I thought the results were pretty consistent and generally good this morning in view of the background noise. I was not expecting a sudden announcement on settlement with DOJ and as such I was expecting a wobble on the SP. I remain very confident about this stock and believe is to be considerably oversold. When the SP dropped to 44p instead of buying as I should have I spent the time questioning the accounts and myself about earlier and recent purchases which was costly, in terms of missed opportunity and a waste of time. The SP is back over 54p as I type and will probably finish up on the day - why not? To those that make a quick profit - well done, to those that hold or took the opportunity to add well done. I did not even consider selling but I missed a great opportunity and I really need to remember how the market works and not to get spooked, pretty annoyed with myself.

We may not like it but his views seem to have moved the market against us this afternoon - let’s hope we continue up tomorrow.

Thanks talco - not my first rodeo, I will ride it out.

I will not pretend that I am happy with my investment here but here I am so I will hold. I still think it will get to £5/£6 soon but the ride is not pleasant - paper losses hurt nearly as much as actual losses. Must remember that 3 day rule!