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
  -8.50p -7.23% 109.00p 108.75p 109.50p 119.75p 108.00p 118.00p 4,316,459 16:35:26
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Metals 652.2 17.2 3.8 23.6 641.60

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Date Time Title Posts
20/5/201611:42Ferrexpo thread with charts764
21/9/201511:22BUY AND HOLD in Ferrexpo (FXPO) 2

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Ferrexpo (FXPO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
21/10/2016 17:22:53109.6843,53647,748.11O
21/10/2016 17:15:05119.65153,006183,071.68O
21/10/2016 17:06:22109.5325,00027,382.50NT
21/10/2016 17:02:59107.8225,00026,955.00O
21/10/2016 17:02:32110.2225,00027,555.00O
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Ferrexpo (FXPO) Top Chat Posts

Ferrexpo Daily Update: Ferrexpo is listed in the Industrial Metals sector of the London Stock Exchange with ticker FXPO. The last closing price for Ferrexpo was 117.50p.
Ferrexpo has a 4 week average price of 87.21p and a 12 week average price of 74.80p.
The 1 year high share price is 119.75p while the 1 year low share price is currently 12.50p.
There are currently 588,624,142 shares in issue and the average daily traded volume is 3,834,407 shares. The market capitalisation of Ferrexpo is £641,600,314.78.
mark_jm: I wonder what discount to valuation we should apply for the political risk? Ive always said to my self that what ever happens, they still have all that iron in the ground, and the share price has a very strong correlation to iron ore price, so long as iron ore price stays some where close to where it is now 120/140p would seem a decent share price . Im in at an ave price of 61p and happy to run for the long term waiting a few years for 250p then ill cash out.
granto2: Charts can be highly misleading, the oldest trick in the book is to put a wall of support below a share price, and pull it !!!
leeson31: yes
granto2: 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 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.
3rd eye: Ferrexpo Plc 101.7% Potential Upside Indicated by Cantor Fitzgerald......... hxxp:// Opened out........ Ferrexpo Plc with EPIC/TICKER LON:FXPO had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘BUY’ this morning by analysts at Cantor Fitzgerald. Ferrexpo Plc are listed in the Basic Materials sector within UK Main Market. Cantor Fitzgerald have set a target price of 117 GBX on its stock. This is indicating the analyst believes there is a potential upside of 101.7% from the opening price of 58 GBX. Over the last 30 and 90 trading days the company share price has increased 25.75 points and increased 22.25 points respectively. Ferrexpo Plc LON:FXPO has a 50 day moving average of 37.68 GBX and the 200 Day Moving Average price is recorded at 30.80 GBX. The 52 week high for the stock is 71 GBX while the year low share price is currently 12.5 GBX. There are currently 594,125,512 shares in issue with the average daily volume traded being 934,610. Market capitalisation for LON:FXPO is £350,534,052 GBP. Ferrexpo Plc is an iron ore pellet producer. The Company produces, develops and markets its principal product, iron ore pellets, for sale to the metallurgical industry. The Company’s operations are vertically integrated from iron ore mining through to iron ore concentrate, and pellet production and subsequent logistics. It operates approximately two mines and a processing plant near Kremenchug in Ukraine, and an interest in a port in Odessa, and sales.
firtashia: This one reminds me of STY which was on a ridiculously low P/E due to debt refinancing concerns. Once financial backing was secured the share price rocketed in a very short space of time. However STY is an illiquid microcap with limited II investment. FXPO is on the radar of II'S but it will take them a while to build substantial positions in FXPO. Compare the average daily volumes traded (consistently >1 million) since the announcements around late Jul-early Aug with those volumes before. The recent earnings upgrades caused by the rise in iron ore prices will help sentiment too. Very healthy volumes again today, too & hopefully it will continue for a few weeks yet. GLAH.
mreasygoing: Don't worry about itchy, he/she was baiting me in December, now it's payback time. But I'll let the share price do the talking.
p163: Fxpo could make $350 m EBITDA this year, compared with current cap of about £350m. This shows the potential in the increase of the share price.
alphahunter: Well, I watch the price for iron ore and when available for pellets on a daily basis. FXPO share price is benchmarked against a dozen other Iron ore producers and a couple of Ukranian industrials, and lastly, I've set-up a Ukraine and a Ferrexpo google alert. What I don't have access to is the behind-the-scene negociations about the refinancing of the debt. I'm expecting some sort of screw the minority shareholders solution. Yet the short position can still be shafted. 3rd of Feb is an important date I believe.
dasv: Markets live from 18th Sep:- BE So anyway, how much has Ferrexpo lost? BE It had $174m held with F&C bank. BE Against a cash balance of $280m on 16th September PM Wonder where the rest is PM “offshore” BE Indeed. 60% of available funds possibly lost. 40% “offshore”, whatever that means. BE Operations unaffected though! So that’s good. BE Morgan Stanley …….. BE At the results on 30th June, Ferrexpo reported a cash balance of $470m. Reducing this by the interim dividend paid of $19m, and the $100m upfront bond repayment, gives us a balance of $350m. This implies $70m of cash reduction in the last 2.5 months from the end of June to today to get to the stated $280m as at 16th September. Ferrexpo is repaying $20m of debt per month, which explains up to $60 of this reduction. Taking into account delayed VAT repayments is likely to explain the remainder. However, given the $100m of available cash remaining, this is clearly a negative for the stock and does not provide much breathing space from a liquidity perspective. We await a further announcements from the company and NBU around the availability of the cash held at the bank. BE And Cazenove BE In a worst case scenario, assuming FXPO loses 100% of the $174m in cash it held at the bank, our NPV would be diluted by ~17% and FXPO would require more local liquidity to continue paying employees, suppliers etc., although the company states operations are as yet unaffected. $174m equates to ~33% of FXPO’s market capitalisation as of yesterday’s close PM Sheesh, the situation is more pressing than i thought BE Yeah, there’s a curiosity to all this BE A lot of cash seems to have disappeared even before Z’s bank failed. PM The 33% share price fall looks udnerdone BE Caz again ………………… BE Fall in cash balance post interim results: The $280m cash balance quoted in this morning’s announcements points to a significant fall in the balance in the last c.6 weeks since period end (Jun-15 cash balance was $470m), over a period where the Hryvnia is essentially stable. ~$20m of this is attributable to the payment of the interim dividend ($0.033 per share) and $100m relating to the prepayment of the Apr-16 Eurobond which allowed the maturity to be extended (equally) to Apr-18 and Apr- 19. We also note that the pre-export facilities amortise at the rate of ~$50m per quarter which may have contributed towards the cash fall, although the impact of working capital movements are also unknown. BE Operations remain profitable at current prices, but new liquidity may be required: At current prices we forecast FXPO generates earnings of $112m/$129m and FCF of $125m/$143m in 2016/17. While the company states operations are as yet unaffected, we believe a new source of local liquidity will be required to continue paying employees, suppliers etc. and servicing debt. Given the importance to the country’s economy of keeping the operations running, some state/IMF support may be accessible, although this is likely to come with onerous conditions, in our view, which may not necessarily prove favourable to equity holders. Assuming 100% of the $174m is lost, our NPV would be diluted by ~17%. FXPO’s distressed Dec’15E P/NPV multiple of ~0.45x already reflects the risks around its Ukrainian exposure, and we continue to believe the operations could perform solidly if an appropriate and stable capital structure can be achieved. We remain Neutral. BE With respect, I’d not be remaining neutral. PM hahaha PM Emoticon PM Investment advice: run Http://
Ferrexpo share price data is direct from the London Stock Exchange
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