Ferrexpo Share Discussion Threads

[bellbottom] 07/3/2017 11:12

Good video half way through this weblink - on state corruption. Worth watching.



NBU Governor warns of dire effects of ongoing blockade. But she does state that if it's sorted soon then effects will be negligible. This suggests to me that some form of compromise or action will happen soon.



Another item on the blockade from a mining perspective. If you believe what's stated here then they have until April to sort this mess out.



Of course, none of this may have any bearing on Ferrexpo, but if you're like me, you may be interested in the general ongoing picture in Ukraine.

Nice to see my favourite stock (I know you shouldn't get attached to a stock) on the rise again.

[telbap] 07/3/2017 08:01

Strong opening

[onedb1] 06/3/2017 14:43

BB,I don't determine who posts and what is posted and neither believe in putting any control over it. That is a tad presumptuous .I just added my perspective on your links . In the spirit of an open debate there are always 2 sides to the story . My side would argue and argues that Donetsk is far and the rebels have been there now for ages. Secondly that most of your links , are as negative as mine are positive . With the only difference that since the 70p days when I started to post the trend has been undisputed . That is all. Nothing to worry about . We simply have a different view

[bellbottom] 06/3/2017 14:28

Hi Onedb,

I suppose that is the equivalent of say Durham or Falmouth in distance from London. That's a bit like saying that if Cornwall or Northumberland had been taken over by rebels then we could ignore any possible influence or relevance to the UK or its businesses?
And I think you'll find it is more than just 'an office' seized in Donetsk.

Iron ore, company fundamentals and chart trends, there is not much more to say in that respect. I already agree with all of those aspects, already discussed.

But I am happy to cease posting any general news items about Ukraine.

[onedb1] 06/3/2017 12:42

Yup I was referring to you . Who else posts links non stop of what goes on 380km away ? Like iron ore and company fundamentals are totally overlooked as is the clear chart trend ... Yet if an office is seized in Donetsk it's somehow material to Ferrexpo ? Bizarre to me. But each to their own .

[bellbottom] 06/3/2017 12:31

Hi Onedb,

If you are referring to me, than I can assure you I am not short on this stock. I am long and have never shorted a stock in my life.
I prefer to see the wider picture and by providing links to current news stories it gives an overall picture of the economy and politics of the country in which the company, FXPO, has its mines.

We have already seen in the past, the influence of other forces within and without Ukraine and I for one, prefer to be somewhat aware of what they are or at least their potential to have a negative effect on my investments.

If you wish to stick to your charts, that's fine by me, it's your money. But please don't accuse me of being a shorter just because I highlight current news stories within Ukraine. I worked there for a number of years and have a personal interest in the country as well as having traded this share since 2009.

[onedb1] 06/3/2017 12:24

380km away from Donetsk . Not exactly on the door step...

[onedb1] 06/3/2017 12:14

Bad stocks fall regardless, and the trick of using links to provide negativity is old. Just state you are short . Simple .

[bellbottom] 06/3/2017 09:12

A list of companies seized by Russian backed rebels.

[bellbottom] 06/3/2017 09:08

Further escalation of the situation in the east. Ukraine's richest man and Metinvest owner, Rinat Akhmetov, has businesses seized by Russian backed rebels.
The pressure is building. How much longer can it be allowed to continue?

[telbap] 06/3/2017 08:45

Yep but will the lack of coke become an issue for us or have I got that wrong 1db?

[onedb1] 06/3/2017 08:01

They were buying until this RNS not selling and it's all ETF related . So every share they hold in one of their many ETFs is bought and sold in order to maintain the allocation percentage of the fund . These are not your typical directional longs . News of China cutting their production capabilities for steel is far more important and bullish for iron ore prices . As China reduces the polluting plants . Good news as we get rid of cheap Iron ore plants and keep prices up .

[bowles22] 05/3/2017 09:27

Blackrock again - could fall further if they carry on selling, let's hope not

[discodave4] 03/3/2017 18:30

BBNot so concerned as your self about the political situation in Ukraine, as posted previously I can't see it impacting on FXPO too much, if at all. The steel/iron industry is about 30% of the country's GDP (from memory) so will get sorted IMO. That said I am slightly biased so please keep posting your concerns.onedb1 - again agree, not too concerned about the drops over the last few days, it's just doing what it has been doing for a good while and it's still above its support and within its normal trend.........soon to have a go at a breakout hopefully.DD

[bellbottom] 03/3/2017 14:45

Hi Giles,

Yes, a sale. Could be right on the reason for the drop. But most of my shares today showing red anyway.

Let's see how next week fares.

Have a great weekend!

B

[gilesgraves] 03/3/2017 14:26

Is that a sale then? Is this why its been pushing down a little more than usual over the last couple of days?

[bellbottom] 03/3/2017 12:40

No official RNS yet, but,.........

[onedb1] 03/3/2017 12:15

Am still long .Not sure what is all the fuss . On fundamentals I stated many times . We know what 2015 Eps was ie 20p . We know 2016 should have bettered that . We'll have the news soon . We also know that 2017 has stared with $145 cash and probably around $50 EBitda per month . I did the calcs using $80 too . So a forward looking EPS of 30/35 with PE ratio of 7 gives me ample belief in 230p target . TA wise we are on trend and daily swings might be annoying to a scalper or swing trader ie more short term trading , but in the scheme of things and in agreement with trend trading , trend is up.

[gilesgraves] 03/3/2017 10:30

Well Im not sure. You never know we could end the day around 160. Impossible to predict. Iron Ore price looks Ok this morning

[bellbottom] 03/3/2017 10:18

Hi Giles,

I expect you are correct on a lower finish today. I note we are 12% down from the high of 175.
Roll on the 22nd March

[bellbottom] 03/3/2017 10:10

You really can't ignore the bigger picture in Ukraine. It's the trickle down effect that will inevitably have an impact on the economy and sentiment in Ukraine. I fully admit that if the blockade gets resolved and sincere discussions take place between all parties, then it will be a fantastic platform for the country as a whole as well as its industries. But if this blockade worsens and Ukraine has to take a $2billion hit to its already weak economy, then there will be a negative hit on the share price

Also, you cannot ignore the role and influence of K Zhevago in FXPO. He is major shareholder with many other business interests, which are and have taken a hit, both from shutdowns in rebel held areas and courts seizing assets as a way of recouping all those millions, whether he knew about fraudulent behaviour in his bank or not.
The NBU and courts are out to make him pay and don't think there won't be further 'issues' and distractions over the coming months ansd maybe years.

I really do hope that you can say to me in a few months time, 'you were wrong, just look at the share price now, well over £3.00 and still rising.'
I will happily eat my words, while washing them down with champagne.

[bellbottom] 03/3/2017 09:58

You'll have to pay a subscription to read the whole article. Basically, K Zhevago stating that he had no idea about fraudulent dealings in his bank, as he trusted his appointed management. I would tend to believe him.



More 'war' news in eastern Ukraine.



Excellent balanced view by Timothy Ash after his visit to Kiev. Worth reading through his opinions on plus points and negative points.



On a lighter note - Eurovision might just be worth watching this year (if it ever happens?!) due to the ongoing 'war' between Ukraine and Russia, with Ukraine being this year's hosts.

[gilesgraves] 03/3/2017 09:52

Fridays are always down for FXPO. Its been a dreadful couple of days but nothing out of the ordinary as far as I can see. Im thinking we could head north this afternoon. Hindsight is a wonderful thing and to have sold out and bought back in anywhere here would have been great. Im just holding though as I got caught out selling and then having to buy back higher in the past. I don't see any of the Ukraine or Zhevago news to be a problem to FXPO to be honest. Its always unnecessarily dramatic over there. I am also keeping an eye on PMO - that is getting very cheap.

[bellbottom] 03/3/2017 09:23

What's the feeling on finish today? Will we finish up or down?

I appreciate the trends and all the details and principles of those of us who are chartists, together with the excellent results expected on 22nd March, but I still can't divest myself of my inherent worries regarding the wider picture in Ukraine and its potential affect on share price.

I do hope my doubts are proved to be worthless and we do keep within the trend lines. It's just from past experience that I know that big events have a big impact on this share.

In any case, I am generally long on this share and have maxed out my investment in FXPO.
I admit, if I had anymore free dosh at the moment it would probably be thrown into ATYM or back into BCN. Never enough of the stuff to go around.

Good luck to all holders!

[discodave4] 02/3/2017 23:49

Thanks THORPMATT