Ferrexpo Share Discussion Threads

[mreasygoing] 12/10/2016 10:37

Lose * Not much resistance to 15th area.I guess your boy's guru is well ensconced here.

[leeson31] 12/10/2016 10:26

roll on that psychological level 100p :-)

chart says 109p imo first target, but great recovery play, perhaps 150p due course.

[fruitninja84] 12/10/2016 10:24

Hello Bigbigdave. We seem to watch similar shares! This beast terrifies me tbh as I have struck loss rules in place where I can't stand to loose more then 5% on any trade. The fact that a 10 or even 20% intraday swing is normal for this monster is scary?! But I admit to buying and have been taking tiny bits from about 75p and up based on sentiment in the sector and that fabulous chart and the fact that this is a massive company looks to be recovering .. Gl all.

[bigbigdave] 12/10/2016 10:16

Hang onto your hats, here we go.....

[onedb1] 11/10/2016 13:16

Thank you. So inevitably Ferrexpo will get a very heavy uplift

[onedb1] 11/10/2016 11:13

Are revenues in $ ?

[leeson31] 11/10/2016 08:57

making higher highs..



good vols for 9am

[leeson31] 10/10/2016 21:12

Buy intraday weakness, if any materialises

[mreasygoing] 10/10/2016 20:30

Yep, new high close. Very little resistance now until the 150p area.

[r88ave] 07/10/2016 13:58

There's a tight squeeze in this looking like spring coil about to be released any moMake or break time

[brucie5] 07/10/2016 12:58

Hope very much this can get to the £1 level and find support. Then the secular recovery can start in earnest. 80p is clearly the battleground for time being. Third time luck? Or recent history repeating itself..

[leeson31] 06/10/2016 16:12

ill be happier at above 85p, but looking good. i think it may be good for ~109p area as an initial target..

[r88ave] 06/10/2016 15:06

Looking good and needs to hold above 80p for 100p attack imo

[r88ave] 05/10/2016 14:22

Also they've managed to pay off the loan 420m in 24 months or something recentlyI think the problem as you highlighted is trust with the company Numbers are fantastic and way too cheap I think it robustly needs to be trusted again somehow for the market traders to ride on this againIt's slowly getting there

[granto2] 05/10/2016 14:00

I think you need to talk in terms of EBITDA rather than straight operating profit. I think EBITDA will be close to $380m for 2016. So at first glance this looks very unvalued. But, the market is cautious because 1, Iron ore production is set to dramatically rise next year driving prices down, 2, the company still carries a dangerous debt burden with no reschedule announcements in a tight frost bond market 3, Ukraine is still potentially volatile 4, the CEO damaged the company's reputation when it lost $175m in his personal bank in Ukraine never to be recovered. 5, why has production declined slightly but significantly? 6, the debt due dates are very short spread over 4 years rather than 8 to 10 years for this mountain. it's a tall order to meet so aggressively.
Conclusion: This is a cash generator with a simple business model and established market. The pellet market should prove more resilient to next years iron ore production increase globally and the premiums paid for pellets should remain high in China with new and ongoing Govt support for their use. The share price here may edge up higher only if the winter proves kind to Iron Ore spot prices.in 2017 I expect this to rise again when 1, the annual results are released in March and 2,if the CEO CFO get a debt restructure mid 2017. failing that the share price will gradually rise as the debt gets paid off and the risk reduced. looks a good bet if you fancy iron ore pellets and debt risk companies.

[r88ave] 05/10/2016 13:11

Still way too cheap
458m market cap
Based on half year results a few months ago and projected revenue for end of 12 months I get roughly $1b revenue and profits of around $300m

These should be nearer 200p not 100p!

Patience is required

[mustau] 05/10/2016 12:32

Slight drop in production from last year, will add a few more if I can get them under 70.

[muffster] 05/10/2016 07:51

Higher values achieved as well

[leeson31] 05/10/2016 07:29

solid enough :-)