Share Name Share Symbol Market Type Share ISIN Share Description
Ferrexpo LSE:FXPO London Ordinary Share GB00B1XH2C03 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -6.50p -4.30% 144.50p 143.25p 143.75p 153.25p 142.75p 151.75p 2,826,438.00 16:35:08
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Metals 652.2 17.2 3.8 32.2 850.56

Ferrexpo Share Discussion Threads

Showing 4751 to 4775 of 4775 messages
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DateSubjectAuthorDiscuss
09/12/2016
16:54
Hi Giles, Couldn't resist. Bought another £5k worth just before close - 143.7 Cheers Z
bellbottom
09/12/2016
16:02
Cheers. Short term pain, long term gain etc etc
gilesgraves
09/12/2016
15:48
Hi Giles, Looks like you're right - dropped off as per previous pattern on a Friday. Glad to see its not so far got down as low as 141. If it does, I may have to buy some more. Have a good weekend.
bellbottom
09/12/2016
11:27
Bellbottom I hope you're right. It's not much fun ending the week on a dip. I am looking at other fridays for comparison - e.g. 25th November and 2nd Dec.
gilesgraves
09/12/2016
11:26
When does the 276 day rule end? Am I being simplistic in thinking that the steeper we climb, the harder we will fall, eventually. Based on a cut off point in this 276 day rule? Have to check this one out as could be a huge influence on the price of FXPO.
bellbottom
09/12/2016
11:12
Bit of a long read but FXPO produces the right quality of iron ore china requires which is dragging up the price of the less pure iron ore which there is plenty of stock ofBUSINESSHow an administrative oversight in China sent Aussie miners skyrocketingFACEBOOKSHARE EMAIL EMAIL TWITTER WHATSAPPDecember 9 2016 - 7:17AMZac CrellinAs iron ore prices eclipse $US80 per tonne, Australian mining companies have China to thank for a lucrative oversight.To combat unprofitable thermal coal production, the Chinese government implemented supply-side reforms, which inadvertently applied to coking coal.Iron ore prices have surged on thanks in large part to a Chinese policy error.Iron ore prices have surged on thanks in large part to a Chinese policy error. Photo: Dave TaconIn April the National Development and Reform Commission (NDRC) enacted a 276-working-day rule, barring all coal mines from operating on weekends.Since that month, the price of thermal coal at Newcastle's port has jumped 80 per cent to $US89/tonne, while coking coal has tripled to $US300/tonne.Coal mines such as this one in Shanxi, China, are being shut down for environmental reasons.Coal mines such as this one in Shanxi, China, are being shut down for environmental reasons. Photo: Kevin Frayer"They [the government] miscalculated a lot of things and they basically just created a massive shortage," said Brad Potter, head of Australian equities at Nikko Asset Management, who recently returned from a fact-finding trip to China."Coking coal was effectively the innocent bystander of the regulatory forces trying to manage price and volume in the 3.2-billion-tonne thermal coal market."So it's really nothing to do with fundamental supply and demand, it was based around a policy decision that went wrong."The spike in prices in coal meant Chinese steel mills went from spending 20 per cent of their total costs on coal to 40 per cent, pushing them in turn to seek higher grades of iron ore to make the steel making process more efficient.For every 1 per cent increase in the grade of iron ore, the amount of coking coal required is reduced by roughly 2 per cent."What was originally just a China-centric event then spread out to the seaborne market," Mr Potter said.Compounding this situation is the mass closure of mines across the country for environmental reasons, primarily water contamination from acidic mine runoff.The province of Shanxi accounts for almost over a quarter of Chinese coal production, yet output is at risk after the local environmental protection bureau found 29 out of 100 water sources were unfit for human contact because of excessive pollution.Additionally, authorities have clamped down on overloaded trucks, further increasing coking coal costs.These regulations combined amass to what Mr Potter describes as a "large policy error" that has caused "severe" shortages."The NDRC is now scrambling to fix the coal shortages and price escalation caused by the 276-day rule," he said. "However, the strength in the coal price is not motivating producers to increase production to bring the price down."The backdrop of a housing boom and speculation on the commodities market has also helped iron ore prices.As steel production in China winds down and prices increase, iron ore prices have also increased on the assumption of increased demand."Everyone's started scrambling to get high-grade iron ore, and that just pulled up iron ore prices, and in addition to all that you just have this complete speculative bubble that occurs in China," said Mr Potter, adding that this has in turn boosted local iron ore miners.Iron ore has climbed more than 53 per cent since the 276-day rule was introduced in April, passing the $US80 per tonne mark this week.This has been passed on to local miners, with Fortescue shares climbing almost 170 per cent in the same period.As coal prices have also increased, South32 shares have climbed per 105 per cent, with the company attributing increased coal exports to China to the 276-day rule.Rio Tinto and BHP Billiton have also climbed around 50 per cent each over the same period.Although the NDRC has reversed some of the new rules, Mr Potter believes it will be some time before prices recalibrate to prior levels."This was one of the first really big decisions they made around trying to reduce capacity of any business, and unfortunately they got it wrong in the short term," Mr Potter said."My longer-term view of China is that the government is in a long-term process of reducing reliance of fixed asset investments and moving to a more balanced economy, and on that basis consumption of commodities will reduce."
daveas
09/12/2016
10:42
Hey Giles, My take on today would be that it will pick up mid afternoon and end up on the day - but again, what do I know either?
bellbottom
09/12/2016
10:17
Im guessing the low point today will be 142. Monday will see 135, then we carry on up. But what do I know. :)
gilesgraves
09/12/2016
07:38
Something about iron ore prices at 27 month highs
jimmygee2
08/12/2016
12:13
A nice shade of blue today across my portfolio.
bellbottom
08/12/2016
12:12
Keep it coming!! And while there's no direct news from Ferrexpo, it's worth reading this, just for a bit of oligarch background story in Ukraine. Http://www.eurozine.com/articles/2014-05-15-leshchenko-en.html Mr. Trump reminds me of the architypical Ukrainian oligarch - will do all in his power to protect his position. Never mind building a wall (or fence) to keep out the Mexicans, he is also building a wall around himself to protect his financial interests, which obviously conflict with his position of extreme power. I know this is a bit of an aside, but just curious the way that one country is dismantling (or trying to) its oligarch tower, while one country has inadvertently enhanced the power of the oligarch (Trump) No direct or immediate bearing on our own FXPO but an interesting few years on the cards for the entire globe. Gold anyone??
bellbottom
08/12/2016
11:11
50% up in months... money grows on trees
shaf200
08/12/2016
08:10
Cheers all, got a dormant account with oh, will set it live today. CMC I find d is the better spread betting platform, but no iron ore...grrrrrrrr!
telbap
07/12/2016
20:55
Looked at the ig website re ore price, what are the units on the graph seems to be in the 600's at present?
mark_jm
07/12/2016
19:08
Lovely to see this motoring along. Buy the dips chaps and chapesses.
mreasygoing
07/12/2016
15:13
Letting the side down today.
mustau
07/12/2016
12:03
150 is not very far away now. Amazing really.
gilesgraves
07/12/2016
09:04
I follow IG iron ore chart too
muffster
07/12/2016
09:01
i like the one on ig.com. Just search iron ore. It ticks before trading starts and then all afternoon. FXPO seems to follow it most days
gilesgraves
07/12/2016
09:00
Looking around there are so many iron ore markets, anyone following one that bears some relevance with the share price here??
telbap
07/12/2016
08:05
happy days. How lucky are we
gilesgraves
06/12/2016
16:28
Looks like a close at 12 month high, next stop, wtfk? Liking the idea of a return to 300p, and why not?
telbap
06/12/2016
15:31
Mark, yes this company's share price tracks the iron ore price, this is because this company only has one product and it's Iron Ore pellets. Due to leveraging and debt this company is even more sensitive to the iron ore spot price than other companies.
granto2
06/12/2016
15:24
Just topped up at 143.88, almost top of the day so far, typical! Very happy to let this ride as top sliced my main holding 2 times now.
telbap
06/12/2016
13:31
Lots of volume last 2 days, hope we can close on ath, then I will stick in 20k and ride upto 200 cannot see much resistance between .....happy days.
telbap
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P:41 V: D:20161210 18:34:56