Ferrexpo Share Discussion Threads

[bellbottom] 07/2/2017 15:40

I'm happy with a nice ale or two thank you.

I look forward to seeing these back in the £4-£5 range and paying a nice divi twice a year. Having been in and out of this share since 2008/2009, I am happy to wait until 2020 or even 2021.
Now if only some of my other shares were as exciting as this?!

[telbap] 07/2/2017 15:29

Looks like the next resistance is 166 area, then its clear until 186, after that 201.

the way this is going i think the super wave is in place to see us upto 200p, with a little resistance on the above figures.

as long as we keep getting positive news flow, I cannot see any reason why we are not looking at at least 200p before Feb is out.

[granto2] 07/2/2017 15:04

Scotch, I'm Irish whiskey but if you are buying, a scotch it is please.

[pbutterworth1] 07/2/2017 14:34

Its starting to rip. Scotch anyone ?

[telbap] 07/2/2017 13:14

Well well well!.....the ole boys at S&P have got their pens out....This is good news as frexpo can now negotiate better rates in the debt they have or re finance elsewhere at better rates......more cash flow head room, investment oppo's more cash in the bank!Happy days. I topped up my sipp this am, looking for a dip to top up my SB position.Yummy :-)

[granto2] 07/2/2017 13:06

S&P agency upgrade . short term finance C to B, long term from CCC to B-,( that's a several grade jump. another box gets ticked as stated here, and again the S P ticks up in response. anyone any opinion on this ?

SEE BELOW


S&P Global Ratings raised its long-term corporate credit rating on Ukrainian iron ore producer Ferrexpo Plc to 'B-' from 'CCC' and its short-term rating to 'B' from 'C', following the recent rally in the prices of iron ore in the world.

"The recent rally in the price of iron ore, supported by a tight supply of iron ore pellets, should result in improved cash flows for Ukrainian iron ore producer Ferrexpo PLC. The company's liquidity has improved, supported by its increased cash balance and positive free operating cash flows, which should allow it to meet its debt maturities in 2017," S&P said in a report issued on Tuesday.

S&P also raised our senior unsecured long-term rating on the debt issued by Ferrexpo Finance PLC to 'B-' from 'CCC'.

S&P said that the outlook is stable. It balances the improved liquidity position and the current elevated iron ore price against the heavy maturities in the coming two years.

[telbap] 07/2/2017 12:56

Here we go again...

[gilesgraves] 07/2/2017 09:54

Sorry that was spell check, not intentional. Buuterworth

[gilesgraves] 07/2/2017 09:50

fair point though butterworts. Maybe I will try to step away for a while and have some faith!

[gilesgraves] 07/2/2017 09:47

Not because of that. It's because £80k is a lot to me

[pbutterworth1] 07/2/2017 09:37

Each to their own. Hold £250k and no intention of selling anytime soon. The reason you are finding this nerve racking might be because you are looking at it too much

[gilesgraves] 07/2/2017 08:42

Last friday though - when it went from -5% to +5% in a couple of hours. That would have been a great day to have some spare cash ready!!

[gilesgraves] 07/2/2017 08:32

I have day traded it for a while and its OK but its not exactly easy. The tax and the spread mean it costs a fortune to buy each time. You need the share to go down at least 1% from your sell price and often you will completely miss out on a big shift upwards. I am £80k in FXPO as of this morning so it is quite nerve wracking for me but the plan is to hold until March 8th if I can.

[telbap] 07/2/2017 08:05

So what will today bring?.....I hope another assault on 160, this time staying above it......this company almost trades by the book, if I had the time I could almost swing trade it every day with a good 70% rate, some will be only a few points.....at min just running a straight SB from 130, added every 3 or 4 p to build the position, looking for at least 180/200p exit.

[telbap] 06/2/2017 17:53

But not today though...:-(

[telbap] 06/2/2017 13:10

Every chance now......this share price often willy swings 10 o r 15 points in a day.

[mustau] 06/2/2017 12:49

Topped up at 1.57 this am, hoping for a close above 1.60, no chance now.

[granto2] 06/2/2017 10:06

I'd be interested to have your take on it, do you think they are pure investors of funds, and the banking arm they have is completely separate ? maybe that is the way. I also agree with the thinking that /bankers are bankers and would get their pound of flesh

[granto2] 06/2/2017 09:33

ONEdb!
My understanding is Blackrock are an investment vehicle but that they do have a side banking division. shadow banking.

[granto2] 06/2/2017 09:32

Giles, I don't anyone will be ok if it Plummets but I do think Ferrexpo has some protection from a collapse. Often a collapse can be temporary.

[telbap] 04/2/2017 13:16

Gents......going to be adding heavily next week on any weakness, decided that the recovery here is well established, debt reducing, market becoming more buoyant. With any luck we will be able see in the 200p level soon than I thought. Looking at the recent chart, the tea leaves in this mornings cuppa, and the lack lustre performance of some of my other holdings, it's time to frexpo!Good weekend all.

[gilesgraves] 03/2/2017 20:03

What do people here think about the chinese inflation move today? It hit the iron ore price hard but..... I note Granto's comments along the lines of "FXPO OK even if Iron ore price plummets". My plan seems to be to go long week and sit tight until March.

[onedb1] 03/2/2017 16:17

March is fast approaching . The update we know will be good so am hoping to get a snippet of Jan/Feb so far too . Wishful thinking but brokers are all upgrading here . May well upgrade even further .