Further Upside?6 Aug 2025 21:23
If FRES repeat H1 25 performance in H2 they’ll be making ~£690 profit for 2025 which at a PE ratio of 20 gives market cap of £13.8bn or £18.72 per share. If interest rates start coming down this might also be good for POG and silver. I think I’ll start reducing above £20. Great company, well run.