Ferrexpo Share Discussion Threads

[gilesgraves] 13/2/2017 08:18

Awesome start! Hoping for a bit of a dip to 159..?? maybe??....to add. Probably just wishful thinking.

[telbap] 13/2/2017 08:04

Giles....boom!

[onedb1] 13/2/2017 07:56

Should continue with the positive trend today . Iron ore technicals looking good . These first 2 months of 2017 will have seen great revenues for Ferrexpo

[muffster] 13/2/2017 07:50

See that iron ore rising to new recent highs

[gilesgraves] 12/2/2017 11:32

Yes, me too. I have a final few pennies I want to use to buy FXPO and then I've just got to sit on my hands until march. Kitesurfing holiday 22nd to 1st will help keep me away from these screens!

[telbap] 11/2/2017 17:30

Hope so Giles, might well stick another 10k in on Monday if we get our customary am dip....let's see ;)

[pbutterworth1] 10/2/2017 18:25

There appears to have been a large after hours buy at 164..... Unusual for a Friday. Next week will be interesting and upside could surprise..

[gilesgraves] 10/2/2017 13:59

Im thinking we will be at 170 by monday morning :)

[telbap] 10/2/2017 13:36

We will most probably be around this level for a few days/weeks before the next leg up. Sp rise has been pretty meteoric over the last months, happy to see us consolidate here for a few weeks before we move on to the 170s, makes the next swing more stable in the 160s rather than dropping back to the 140s or 150s.....all good fun :-)

[volsung] 10/2/2017 13:32

or my girlfriends labia

[shaf200] 10/2/2017 12:46

Swinging like a bulls co*k

[bellbottom] 10/2/2017 11:51

Looks like the typical pattern - hit 163 earlier and is now falling back. Can it stabilise and then lift off again through the afternoon and stay above 160? We need a few days above 160 to see it carry on up to the next level.

[bellbottom] 10/2/2017 08:26

.....But will any rise hold today? Bounds upwards and then falls back to to previous close, is a common pattern. Seems to be sticking at 160-163 before falling back.
Nothing changed long term, it's just whether or not to take the risk of sell high, buy back low to increase one's holding.
Topped up my SIPP with another 20,000 of these yesterday so now the most substantial holding in my SIPP/ISA.

Let's see - I usually like Fridays as they often finish with an optimistic flourish.

[telbap] 10/2/2017 08:20

So some good fundamentals.....and we are almost back to where we left off ..

[bigbigdave] 10/2/2017 06:52

YUAN TALKS ‏@YuanTalks
#China's #IronOre futures limit up, after latest data shows China's IronOre imports up 12% y/y to 92mln tons in Jan

[telbap] 09/2/2017 08:01

Onedb1......agree, bottom line is we are still very firmly in our uptrend, no negative fundamentals and technicals, so yes, all that's left is insider info, unlikely, would have been a blood bath given our stellar performance over the last 6 months, Nope, this is very likely to be as you have deduced, ftse250 mechanics.

[onedb1] 09/2/2017 00:12

One late post from me as I was updating lots of charts and looking at overall sentiment tonight

I forgot to mention today that these drops we sometimes see are not just as a result of a holding change but of course now that we are in the FTSE250 , we'll be part of a few ETFs. Which rebalance and shift allocations according to their weightings rules , so in essence they can drag or raise a price up easily when the market cap of FXPO is not that massive . The ETFs will not be buying or selling because they believe a share will go down or up in this instance but purely to balance their weightings.

Now that we are back in the FTSE250 i suspect we will have more potential for that type of day and equally we can be used as a proxy for market neutral strategies for say commodities ETFs for hedge funds . So if we see the use of shorting it will not be a negative view on the stock but a hedge mechanism .

So 2 things can determine sudden falls or rises other than a holdings RNS of an investor , ETFs rebalancing or a hedge fund with a market neutral strategy using FXPO as its hedge . These are 2 that come to mind . Probably think of more as I sleep lol

We had 2 big trades I spotted today , 566k uncrossed end of day trade at 156p and the big 498k trade at 161p this later one is definitely institutional .

[granto2] 08/2/2017 15:38

5% swings daily is normal movement, from here on in we are at the mercy of ore prices and RNS's. Their annual report will be a help, especially if the CFO includes the usual first two months of the year post Dec31 update on sales and cash position. Our Debt position will also be a further $42.5m smaller following a Feb payment of the same amount. I mentioned before, I think the late summer interim results will be just as important, by that time the company will have bagged a further 6 months profits, and lets remember that due to hedging much of this is locked-in already.

[granto2] 08/2/2017 15:30

5% swings daily is normal movement, from here on in we are at the mercy of ore prices and RNS's. There annual report will be a help. especially if the CFO includes the usual first two months of the year post dec31 update on sales and cash position. Our Debt position will also be a further $42.5m smaller following a Feb payment of the same amount.

[gilesgraves] 08/2/2017 15:16

Exactly what I was thinking onedb. Am adding

[onedb1] 08/2/2017 14:48

No good reason for the fall . Iron ore is high . S&P upgraded debt , cash balances high we know that from last update From experience we had these falls only for 1 reason. Ie a seller . We had this now many times , same price action . I bet you we'll get the RNS once sorted and I bet we will have a buyer there after . Price is not making any sense yet has not hit any technical support levelEps in 2015 = 20p P/E ratio of 6.5 to 7 = 130-140 EPS in 2016 we only know H1 but we know H2 cash build was strong . So I estimate 25-30p = 162.5 to 210 EPS 2017 = we know that so far iron ore prices are vastly exceeding h2 2016 average . So 6.5 to 7 * 35p plus ? Or 227.5p to 245p . Can't be far off my guesses .

[scottjamesjohnson] 08/2/2017 14:04

Anyone got any ideas why we are down so much today? Rio results good, commodity prices don't seem down from when I last looked, good sentiment.

Was expecting the ball to start rolling on another rally up after our good day yesterday.