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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Ferrexpo Plc | LSE:FXPO | London | Ordinary Share | GB00B1XH2C03 | ORD 10P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 5.40 | 11.20% | 53.60 | 5,202,586 | 14:55:25 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 53.60 | 53.80 | 54.90 | 50.70 | 51.50 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Iron Ores | USD 1.25B | USD 220M | USD 0.3678 | 1.46 | 321.8M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 14:56:33 | O | 4,544 | 53.6701 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 23/4/2024 | 09:23 | ALNC |  Ferrexpo delivers exceptional performance as Ukrainian exports resume |
| 23/4/2024 | 07:00 | UK RNS | Ferrexpo PLC Production Report for 1Q 2024 |
| 18/4/2024 | 09:48 | ALNC | Ferrexpo swings to a loss as company makes provisions for legal battle |
| 18/4/2024 | 07:00 | UK RNS | Ferrexpo PLC Full Year Financial Results for 2023 |
| 08/4/2024 | 11:26 | UK RNS | Ferrexpo PLC Director Declaration |
| 26/3/2024 | 10:48 | ALNC | Ferrexpo says Ukraine slaps curbs on some "corporate rights" of units |
| 26/3/2024 | 07:00 | UK RNS | Ferrexpo PLC Ukrainian Subsidiary Corporate Rights Restrictions |
| 25/3/2024 | 17:23 | UK RNS | Ferrexpo PLC Director/PDMR Shareholding |
| 25/3/2024 | 10:20 | ALNC | Ferrexpo subsidiary operations remain "unaffected" amid litigation |
| 25/3/2024 | 07:11 | ALNC | *Ferrexpo Ukrainian subsidiary reports highest production volumes since.. |
Ferrexpo (FXPO) Share Charts1 Year Ferrexpo Chart |
|
1 Month Ferrexpo Chart |
Intraday Ferrexpo Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 23/4/2024 | 11:56 | Ferrexpo! | 11,235 |
| 23/4/2024 | 10:59 | Ferrexpo 2021 onwards. Big dividends but 35% Swiss Witholding Tax. | 1,752 |
| 31/8/2017 | 08:20 | Ferrexpo thread with charts | 765 |
| 21/9/2015 | 11:22 | BUY AND HOLD in Ferrexpo (FXPO) | 2 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 13:56:34 | 53.67 | 4,544 | 2,438.77 | O |
| 13:53:27 | 53.50 | 2 | 1.07 | O |
| 13:50:34 | 53.60 | 2,565 | 1,374.84 | AT |
| 13:47:20 | 53.65 | 15,000 | 8,047.46 | O |
| 13:47:14 | 53.50 | 82 | 43.87 | O |
| Top Posts |
|---|
Posted at 23/4/2024 09:20 by Ferrexpo Daily Update Ferrexpo Plc is listed in the Iron Ores sector of the London Stock Exchange with ticker FXPO. The last closing price for Ferrexpo was 48.20p.Ferrexpo currently has 598,137,142 shares in issue. The market capitalisation of Ferrexpo is £322,395,920. Ferrexpo has a price to earnings ratio (PE ratio) of 1.47. This morning FXPO shares opened at 51.50p |
Posted at 19/4/2024 11:31 by loganair Ferrexpo's full-year results were a mixed bag, according to Liberum analysts, as revenue beat estimates but pre-tax earnings missed.Ukraine-based, the iron ore pellet producer recorded a US$85 million pre-tax loss for the year to December on Thursday, against a US$220 million profit last year. This was largely due to Ferrexpo’s US$131 million provision to cover “any possible negative outcome” from two ongoing legal cases. “Ferrexpo continues to believe that these cases are without merit,” Liberum highlighted in a note, where it reiterated a ‘buy’ rating and 220p share price target. “We do believe that it would be very politically sensitive if punitive fines were made against Ferrexpo, impacting institutional investors, when the actual target of the actions is the major shareholder,” Liberum said. Revenue came in 48% lower at US$652 million, due to logistical constraints and reduced iron ore prices, though Liberum said the figure was ahead of expectations. According to the bank, news that Ferrexpo had restarted the third of its four pelletiser operations in February was the highlight of the update, reflecting improving European demand. Logistical challenges seem to be easing while access to export markets improves, Liberum said. “ |
Posted at 16/4/2024 23:23 by 1knocker I am sorry that my guess as to the way the FXPO share price would go has proved all too prescient. I fear it is too late to get out now, save for those with very large holdings, of which I hope there are none here. For the rest, I guess FXPO is now one for the sock drawer, with the hope rather than expectation that some years down the line it may come good. A bonus if it does. |
Posted at 25/3/2024 08:59 by tigerbythetail That's just it. Good production news doesn't really matter here. And the war isn't really relevant either - despite the fetid fantasies of the pro-Putin fascist minority on these boards, the war is now a bloody stalemate, and it will never reach Poltava and FXPO. What matters is that the major shareholder of FXPO is seemingly despised by the Ukrainian authorities, who seem determined to take FXPO away from him. The only way they can do this is by acting against the Ukrainian registered subsidiaries via the trusted means of "lawfare". (I've had personal experience of this in Ukraine - trust me, it really isn't relevant if you are in the right. It's a question of who is strongest, and the state always is). So, Western minority shareholders here are exposed as collateral damage. From the Ukrainian point of view, they will just shrug and say "If you sleep with dogs, expect to get fleas". |
Posted at 21/3/2024 11:47 by loganair Ferrexpo's IPO in June 2007 was priced at 140 pence per share. After climbing to 260.9 pence, the shares plunged to 19.817 pence at the end of 2018, at the height of the global financial crisis. The shares then rebounded back to 329.6 pence in 2011 and fell back to an all-time low of 13.164 pence at the beginning of 2016 after the collapse of Finance & Credit, the bank controlled by Ferrexpo majority shareholder and CEO Konstantin Zhevago, amid a drop in world iron ore prices. The share price rose back to an all-time high of 480.8 pence in July 2021 amid a shortage of iron ore products on the world market, after which they again began to fall and the drop accelerated after February 2022.The company's share price fell 5.5% to 44.92 pence on Wednesday. Ferrexpo's market capitalization is now about GBP284.35 million ($361.2 million at the current exchange rate). Ferrexpo's net profit fell by two thirds to $27.01 million in the first half of 2023 on revenue down by about 65% to $334.01 million. EBITDA plunged 87% to $63.64 million. The company has not disclosed its financials for all of 2023. Ferrexpo owns 100% of iron ore miners Ferrexpo Poltava Mining and Ferrexpo Yeristovo Mining, as well as 99.9% of Ferrexpo Belanovo Mining. |
Posted at 11/3/2024 17:31 by 1knocker Years ago, I bought a chunk of FXPO at 25. Frankly, it looked a lot less risky then than it does at present.I urged others to do as I did and sell out completely in the 170s after we had enjoyed a few moths back in trading between about 140 and 170, having initially sold out far higher a few months after the invasion, when the share price defied gravity for a surprisingly long period. I think FXPO has a lot further to fall, even if it survives at all. There is a good busines there, but sreel prices are falling and, much more worryingly, there are state and private sticky fingers which would like to put that business i their own pockets. Do be careful. This is NOT a buying opportunity, it is a signal to exit, IMO. |
Posted at 14/12/2023 15:52 by 1knocker The west is unable even to say what it would regard as 'victory'. The level of 'shrinkage' in money and supplies plrovided to Ukraine is beginning to offend the US legislature, and if it becomes more widely known to the public will cause a huge backlash. No one likes to see gifts looted. Ukraine will not be admitted into NATO.The best result for Ukraine would probably be a reduction in US support leading to a peace of sorts while there is something left to rebuild. Don't bank on largescale US reconstruction aid though, nor from Europe. There are plenty of calls on the largess of those cash-strapped allies which will rank higher than that, and when the degree of misappropriation becomes more widely known, that will make aid reduction easy. Where does that leave any profitable Ukrainian business? Probably facing eye-watering taxation, and perhaps exproriation (nationalization with little or no compensation). enthusiasm for foreign shareholders will not be high when the aid tap is reduced to a tickle and Ukraine is left to survey the destruction, the graves, and the permanently incacitated. Zelensky will probably not last long either (he has plenty stashed away, and will probably go to Israel) and there may be a political breakdown to add to Ukraine's woes. If peace does come (or appears close) FXPO should bounce, but I suggest that continuing holders should take that as an opportunity to sell. Possibly FXPO may become a decent investment prospect later when the dust has settled, and will almost certainly be a lot cheaper. Most importantly, any purchase then will be an investment, not just a blind bet. This post will probably collect a stack of downticks. Just remember though that i am talking money not abstract morality here, as I have all along, and my track record is pretty good on FXPO: I advised getting out (as I did myself) duringf the period when for so long the FXPO share price defied gravity (and reality) at the beginning of the war, got back in with modest trades after FXPO fell and established a brief trading range (and picked up the last of the dividends), and finally got out for good when the price was last about 170, a price I said then was way too high. If there is ever any serious prospect that the glory days for FXPO will return, I shall be back. It was one of my largest holdings. But that day is not even on the horizon yet, and before it is I expect that there will be false dawn to sell into.. |
Posted at 02/11/2023 09:23 by 1knocker Another who thinks posts on BBs move share prices, and that his losses are caused by downbeat posts!OK, let's try it masergt's way: I predict that FXPO will soon restart dividend payments and that its share price will rapidly recover to exceed its pre-war highs. That is pretty upbeat. Just a matter of waiting a day or two for the share price to respond, and then I shall be able to congratulate masergt on his investment success, and he will be able to thank me for reviving the FXPO share price |
Posted at 01/11/2023 11:11 by 1knocker It is virtually impossible to get any reliable information as to the progress of the war, or what is going on in Ukraine. this is a propaganda war as much as a shooting war.My impression though is that the Russians are doing nothing like as badly as is reported in our press, greatly improving their interdiction of Ukrainian military supply depots and chains. Also that the Ukrainians are using ammunition faster than the west is going to be able and willing to supply it for much longer. Most importantly, on both sides attacks seem to be costly, and US attention is turning toward the Middle East. Surely neither side is going to go on repeating WW1 type attacks for much longer? Absent successful ground offensives, how do the Ukrainians push the Russians back? That suggests to me that the Russians will be content with a protracted stalemate, waiting for western enthusiasm for funding the war to fade., and the Ukrainians will be unable to dislodge the Russians if they go on the defensive. Sanctions usually lose their impact with the passage of time, as ways around them are found and new trading patterns are established, so it seems improbable that Russia will be forced out of economic necessity to withdraw and accept a peace on terms such as would result in the lifting of sanctions (ie accept defeat). Certainly not while Putin remains in control, as such a peace would result in his personal downfall. I also wonder about Ukrainian enthusiasm. Military and civilian casualties have been high, the grain farming industry is suffering badly, and with so much foreign money and hardware coming in the scope for corruption must be huge. No doubt there will be many who feel they are suffering the casualties and economic and property losses, while others are doing very nicely out of the war. The legal problems FXPO is facing may well be symptomatic of wider breakdown of the Ukranian economy, financial pressures, and desire /need personally and governmentally to take what you can wherever anything of value is to be had. No doubt 'shrinkage' from western (basically US) largesse is still the favoured route to riches, as that is probably regarded as a 'victimless crime' (rather as shoplifting from a supermarket is seen as victimless in a way that shoplifting from a corner shop is not)for private enterprise theft and corruption, but the government will have its eye on Ukrainian assets in the 'wrong' hands. If If enthusiasm for paying for the war does dwindle in the US, you can be sure that there will be no enthusiasm at at all there for continuing to prop up Ukraine financially if the war petters out in stalemate. Times could get a whole lot rougher financially in Ukraine if the war ends, or winds down that they are now. In that event FXPO will look an even more attractive prize. I certainly don't see it resuming the payment of large dividends to foreigners any time soon! Sadly, i don't regard FXPO as investable at present, nor likely to be for years. I am very glad to have got out before the share price caught up with reality, and think the risks far, far outweigh the prospective (but distant and very uncertain) rewards even at the current price, probably at half the current price. Sorry to be so gloomy, but i think folks ought to be looking to salvage what they can from the wreck of their FXPO holdings if they have not done so already, and certainly not throwing good money after bad. I just don't see any settlement to this conflict which would be acceptable to all parties, nor. much prospect of it being ended by a decisive victory by either side. Possibly if the USA and China were agreed as to some 'solution', both the Russians and the Ukrainians would have to accept it, because neither can go on with the war without the support of their main sponsors, but at present the prospects of the USA and China agreeing about anything seem even more remote than Russia /Ukraine agreement. All rather depressing. |
Posted at 08/6/2023 20:42 by 1knocker The plain fact is that the FXPO share price has defied gravity since the war clouds gathered, and it remains far too high now..There was an extended opportunity to get out after the outbreak of the war.There was an opportunity to trade it (and to pick up a couple of dividends) subsequently. The difficulty was to guess when that trading range wold break, and thus when to get clear. I was lucky. I sold, I repurchased lower, I traded in and out a bit, and I got clear in the 160s and have not been back since. I think there is a strong chance that those who hold or buy at the current share price will lose 50% or more of their capital, and that it is impossible to make a rational case for holding FXPO rather than a any one or more of a number of sound general miners paying decent dividends at their and FXPO's current SPs. Just one man's view, but we have all made a packet out of FXPO over the years and it would be a shame for anyone to thrrow that away by buying /continuing to hold now. |
Posted at 25/5/2023 21:18 by 1knocker The FXPO share price defied gravity and common sense all last year. It even found a trading range for a while, and those of us who bought back in after selling on the invasion made a bit of money. When it was last at 160 I decided to stop pushing my luck and got out, since which time the price has gone steadily south. A bullet dodged.For those of you with a shorter association with FXPO than mine, it used to be highly profitable and paid a huge dividend (subject unfortunately to Swiss withholding tax which was for practical purposes too much trouble to recover - over the years I have provided far too many free lunches to the Swiss), but the share price was always held down by 'Ukrainian' issues. A big chunk of my initial holding was bought at 56, and (with considerable trepidation) subsequently at 26. Take a look at the long term charts. And that was without a war, or even the hint of a war cloud! So don't chase. Let the price come to you. If we can buy in the 50s again, 5 years afterwards it may once again be a jewel of our portfolios. But for that to happen, the market will need to be convinced that dividends will restart and will grow. |
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