Ferrexpo Dividends - FXPO

Ferrexpo Dividends - FXPO

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Stock Name Stock Symbol Market Stock Type
Ferrexpo Plc FXPO London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
1.30 1.0% 131.60 16:35:10
Open Price Low Price High Price Close Price Previous Close
130.00 130.00 133.10 131.60 130.30
more quote information »
Industry Sector

Ferrexpo FXPO Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

1knocker: I would not put much faith in charts at present where FXPO is concerned. Its the ebb and flow of the war (mainly ebb imo, despite the propaganda) combined with recession fears which will determine price movement. I confess that I am a little surprised that the share price has been hit as badly as it has. The combination of US enthusiasm for war with Russia (can the USA really afford the humiliation of a Russian takeover in Ukraine given the stance it has taken?), profitability, and the declaration of substantial dividends notwithstanding the war and consequent transport problems, might have been expected to enable FXPO to maintain the trading range it appeared to be establishing between about 145 and 175. I always thought 200 too optimistic, but unless something changes radically I shall be in for some more if it gets toward 115.
1knocker: I don't usually like share buy ins, but I cheer anything which keeps my money away from grasping Swiss fingers. Buy backs help the dividend in future, but I wonder whether they will light much of a fire under the share price in present circumstances. I thought that the resumption of dividends, and the vote of confidence that is, would have done more for the share price than it has. Can't make ip my mind whether now is the time to buy back in the hope of another run up, or whether to wait and hope for a price closer to 130. Very difficult to be confident of trading ranges in a market like this, and with a war on. Also, if RIO, Glencore, BHP pull back a bit more topping up for the safer returns there becomes relatively more attractive than another punt on FXPO. There may be something to be said for calling a day on trading FXPO in bear market and a war, whilst I am ahead.
djb3: lodgeview9 Jun '22 - 11:35 - 10511 of 10520 Ex divi today for 10p so actually FXPO up on the day although obviously you have the Swiss withholding tax to take into consideration so share price is probably about right. It would be nice to finish the day with the divi covered. Down over 15p the next day after ex-dividend date - well done Lodge. Only lost 5p in a day after taking off the dividend payment. Only Lodge could try and put a positive spin on that 🤡🤡🤡 Clock ticking until Russians take this over.
kenmitch: Why don’t posters check facts before posting? Ferrexpo went ex the $0.132 dividend today. Check here to see another $0.066p dividend to come and ex dividend for that one is on June 16th. https://dividenddata.co.uk/ Another obvious way to check is via Ferrexpo news announcements.
lodgeview: Proposed Final Dividend for 2021In light of the strong performance in 2021, continued market demand for forms of high grade iron ores and the resilience the Group has shown during Russia's invasion of Ukraine, the Board of Directors ("Board") of Ferrexpo propose a final dividend for the 2021 financial year end of 6.6 US cents per share (final dividend for 2020: 13.2 US cents per share), for approval by shareholders at the AGM on 15 June 2022.The proposed final dividend reflects the Board's confidence in the Group, the current situation in Ukraine, and Ferrexpo's ability to continue to operate while supporting the Ukrainian economy, through providing employment, generating revenues for the government of Ukraine and supporting communities through the Ferrexpo Humanitarian Fund.If approved by shareholders at the AGM, total dividends paid in respect of 2021 will be 52.8 US cents per share (2020: 85.8 US cents per share), and payment of the final dividend would be made on 4 July 2022 to those shareholders on the register at the close of business on 17 June 2022. Dividends will be paid in UK pounds sterling, with an election to receive in US dollars.
1knocker: Perhaps lodge you would at least answer the questions I asked I'm my email at 12:46. I am genuinely interested to know the answers, as they are highly material to the investment case. As to you questions, (1) I have answered. AS to (2) -(4) my understanding from the news is that exports are at a standstill. It follows from that (a) the customers are not getting supplies from FXPO and (b) in order to stay in business they will have to have sourced supplies elsewhere. Since supply piers want long term contracts and to win business long term, it seems reasonable to suppose that the price of a supply contract will be a long term commitment. As coinsurance rates, I don't know the figures, but insuring ships in a war zone and in ports which may be subject to attack is generally many times the rate for non-war zones. If you are right that despite the war FXPO's business is not much effected and it is still making profits at the rate of half a billion pa, I agree that $10m is small beer (though it presumably does not have $3.5m of vehicles surplus to its business requirements, so I find it difficult to understand how it can part with them without detriment to production). If it is indeed making profits of that order, and as it is not sunjectto any sanctions limiting its ability to pay dividends, I would expect it to continue paying dividends.Obviously if FXPO"s profits are unimpaired, it can and will pay dividends as it has over past years, and the risk of destruction off its plant or expropriation following Russian occupation of the areas in which it operates is now small, the investment case is very strong, well up to £3. Hence my question.
1knocker: lodge, I am not sure where you get the information that FXPO is currently earning profits at the rate of half a bn pa, but would be very interested to know the reference. I believe production figures are due next week. Are you expecting the announcement of a dividend next week? With FXPO's profits unaffected, and no sanction inhibition upon FXPO paying a dividend, any guesses as to how much it will be and hen it will be paid? All that is very material to the investment case, so I shall be interested to see you answers.
1knocker: turvart, Amen to an early end to the fighting. I don't think that Ukraine will be left without access to ports in the settlement which will ultimately emerge, and I think the one thing which is becoming clear is that Russian domination of the whole of Ukraine will not happen, if only because it would be to troublesome and costly an outcome to be attractive to Russia. Damage to port installations may well set back FXPO though. Another way of putting a present value on FXPO I suppose is to look at RIO or BHP, and price FXPO against diversified miners currently coning it against one which is subject to FXPO's risks and uncertainties and will at best have to build its operations and markets, and is unlikely to pay any dividend for a while even on the best practical outcome. Time is money. I hope you sold and repurchased, rather than simply held?
1knocker: Asus, it looks to me as though an independent Ukraine will survive, which will include Poltova where the mines are. So FXPO should survive, and will be outside sanctions. As to price, the unknowns are when it will be able to start selling again, and what loss there will have been to the customer base. As to the first, surely some resolution to enable the Ukrainian economy to function must be reached within 6 months? US money is propping it up, but common sense says the Ukrainians will not fight on until there is nothing of Ukrainian infrastructure or its economy left? As to the customers, some will have found other suppliers they will stick with, but FXPO is highly profitable so it can afford to cut its prices to rebuild the customer base, but its business will inevitably have been damaged. If he ports are badly knocked about, that could also delay full resumption of sales. I hesitate to suggest figures. If one postulates that it could bounce to £3 on declaration of 'peace' and move toward £4 on resumption of sales, but no dividends for the next 12 months, which seems to me well possible, one could certainly justify purchasing up to £2 I think. I confess that I did expect it to fall below £1. FXPO has historically dropped heavily on any bad news, and traded below £2 much longer than above even when it was making money hand over fist and paying large dividends. In that it stated above £1 even when the risk of total Russian takeover and potential expropriation of the mines and itself becoming subject to sanctions (as a business operating from a Russian puppet state), I can't see why it should fall below say £1.25 now. Those are very rough and ready figures. Essentially, I am discounting for time, without any clear Idea of how much time. So I would say it is a speculative buy, not for widows and orphans, within a range of 125 to 175. I stress though that my figures are very broad brush, and based on not very much hard valuation fact.
1knocker: To return to FXPO, the risks here only increase. Putin has been boxed into a corner, and I don't see that he has any alternative now but to press on. If he does, he has the military power to defeat Ukraine. The only question is whether he has the stomach for the casualties and damage. My guess is that he has, but has going fairly slow and gently so far in the hope he can succeed without turning the whole Ukrainian population irrevocably against him. The refugee numbers support that view. We now have economic warfare against Russia on an unprecedented scale. The betting must surely be that he will repay us in the same coin. He is not going to press the red button (more risk that Biden will, mistaking it for the bell to summon a nurse to change his pants) so economic warfare it must be, against the west. I can't see that economic warfare being wound down quickly, especially now that the tub thumpers have made the conflict personal, and identified the overthrow of Putin and his trial as an objective. Against that background, I just can't see that FXPO is a good investment, not even a well priced gamble, at the current price. The most positive move I have made this year for my portfolio value was to sell all my FXPO and JPM Russian. If they go low enough, I can buy back the holdings for a fraction of what I sold them for. Or invest elsewhere. There is no way of knowing how things will pan out for FXPO. It is a reasonable bet though that at best there will be many months at least of uncertainty ahead, and the price will drop further. At best, the company retains the mines and plant. At worst, the mines and plant are expropriated. Between the two extremes and whatever the outcome of the war, Ukraine is going to need a lot of state revenue and the present level of FXPO profit (if it can be maintained) cries out for a patriotic tax/royalty hike, or a punitive reconstruction tax/royalty hike. I can't see why anyone is still holding, still less buying. It would have been better to have got out sooner, but better late than never. If FXPO survives, I can't believe there ae not going to be opportunities to buy back well under 140, probably under 100, and perhaps below 50. If it does not survive 140 now is a lot more attractive than 100, 50 or zero later. Not very cheerful, but that is how I see it now, and how I have seen it for some time. I was amazed that we had so long an opportunity to sell out before there was any significant price drop. I very much hope most of us took that opportunity. I hope even more fervently that those who did not will recognise that the sooner they do so the better. 140 a share is not to be sniffed at, particularly with a very strong chance of buying back cheaper later while keeping the cash safe on the sidelines in the meantime. GLA
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