Member Info for Sharpey

This was a production report not a financial update. Given production is essentially flat but PM prices are at record highs then profits will be higher, hence nearly 28% rise in a month.

Agreed. I managed to build up to 1k shares at a break-even of £5.43. Was sitting on a 16% loss at one point. But used it as an opportunity to top up and reduce the break-even point. Could have topped up more but I was already overweight here. Personally I don't want PMs to be more than 10% of my portfolio.

Fres seems to be behaving like the other miners now rather than being singled out for a beating. That's good news for the share price. Still overweight here. Will dump some at around £8.

Good resistance stopping this going below £6. Very unusual for a FTSE100 stock to be up after ex-dividend. Happy to hold on to this. May sell some when it gets to £8 as overweight. Don't agree with Simply Wall Street, which looks at one piece of data, current P/E, to decide it is over priced.

https://simplywall.st/stocks/gb/materials/lse-fres/fresnillo-shares/news/subdued-growth-no-barrier-to-fresnillo-plc-lonfres-with-shar

Meant 23% is free float!

...that only 25% of this company is free float. 77% is held by Peñoles. So there's not much to trade. This inevitably leads to greater volatility in the share price.

https://www.fool.com/investing/general/2013/03/15/the-men-who-run-fresnillo.aspx

32% increase in just under 3 weeks is pretty great. This is probably profit taking combined with the geopolitical situation meaning people want hard more hard cash. You can't expect it to go up every day forever!

I think it was $12 to the £ when the Titanic sank. Though I'm assuming no one was around when the Titanic sank in 1911!

"There are decades where nothing happens; and there are weeks where decades happen"--Vladimir Ilyich Lenin

Pretty much sums up the silver market!

Have you seen the mark ups compared to the share price foreign firms are willing to pay for London listed companies?

I've broke even! Maybe I'll bailout now :-)

Why can't the CMA see that the merger needs to go ahead to ensure the required investment in 5G infrastructure. We're bottom of the pack on 5G speeds and continued poor ROE across UK communication firms is not going to solve that. 3/Vod would be in a much better position to invest in the required infrastructure. Sure consumers will pay more, but you get what you pay for. If they want UK businesses to have poor communication infrastructure than foreign competitor then fine, but I doubt that will be do our economy any good.

https://www.ft.com/content/2f202d15-d1ae-40bd-83f5-e0ad3a786c49

Took a tumble at 2:30pm. Looks like the Yanks woke up and attacked!

What were the reasons for the 29 Jan jump? I never did get to the bottom of it.

This jumped 10% on Monday 29 Jan and then quickly lost nearly all the gains in 4 days. So I'm not holding my breath it'll hold this time!

My break even is £5.43 btw.

Someone, or something (a BOT), is really trying hard to stop this breaking above 70p. What's the rationale? Not much difference between 69.9 and 70 surely! Why would it matter?

The CMA is just another failing institution in the UK. It waived through Tesco buying Booker, despite the warnings about the power this would give Tesco to do over independent retailers, now it wants to look more closely at Vodafone/3 merger. Yes it might reduce competition and increase prices for consumers in the short term, but where do the CMA think the massive investment required for new telecoms infrastructure will come from? Vodafone are certainly not making excess profits so they don't have the money to invest. Do the CMA expect the taxpayer to foot the bill? Don't make me laugh please. The only people who are going to pay are telecoms customers, that inevitably means higher prices, and if the UK wants modern telecoms infrastructure consumers will end up paying less for it with a bigger player like a merged Vodafone/3 than if the existing telecoms firms have to do it all individually.

https://www.theguardian.com/business/2024/mar/22/tesco-accused-of-using-cash-and-carry-arm-booker-to-squeeze-village-stores-out-of-business

I'm a hold for now. Not going to top up given the bizarre strength of the Mexican Peso as outlined here.

https://www.bloomberg.com/news/articles/2024-03-15/usd-mxn-mexican-peso-so-strong-investors-fear-betting-against-it

And Bellamy, it has a P/E of 18 not 30. Stop posting lies!

Https://uk.finance.yahoo.com/news/gold-1-700-time-buy-095843624.html