Ferrexpo Dividends - FXPO

Ferrexpo Dividends - FXPO

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Ferrexpo Plc FXPO London Ordinary Share GB00B1XH2C03 ORD 10P
  Price Change Price Change % Stock Price Low Price High Price Open Price Close Price Last Trade
-5.05 -3.76% 129.25 126.05 134.15 134.15 134.30 16:35:25
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

bozzy_s: Nice update. Great share price action. Adding 6.6c (say 5p) dividend gives us 162.65p. The recovery is underway. Absolutely no operational reason for the 300p to 120p crash.
kenmitch: Sorry Tygarreg, but you are wrong. The share price does NOT always go down by the dividend amount on ex dividend day. e.g the last Barratt dividend. It was big but the share price ended up that day significantly higher than that dividend. What’s more the very next day the share price went up another 11.5%/ 65p! More often than not a share price does go down on ex dividend day, and quite often by even more than that dividend. But there are many examples where the share goes down less than the dividend, and there are plenty of examples where the share recovers the whole dividend loss on ex dividend day, and very often within a few days. You are looking at theory. I always prefer to look at what actually happens.
tygarreg: Sorry Ken you don't seem to be understanding my point. Lots of things push market cap and hence share price up and down ie confidence, growth,the geo political risk, profits etc. Dividends are two edged. On one hand investment funds like returns on capital but every dividend is funded by what would otherwise be capital growth ie increase of share price. Ie if you take a billion out of a company to give away in dividends, that means value of company has been reduced by one billion and share price goes down by that amount on ex dividend day. Sometimes other factors like growth, profits, outlook, risk will help regain that decrease. On this occasion FXPo dropped by 5p due to divi and a couple of more pence due to other factors. 1.7p of that 5p is creamed off by Swiss withholding tax so we end up with 3.3p
kenmitch: Tygarreg re your post 6824. That’s nonsense about the share would be higher without the dividend. We can’t know what the share price would be. e.g if big investors holding for income decided to sell if FXPO cancelled the dividend. Also dividends can and often do provide added support to the share price, as attractive dividend yield in an era of low interest rates can be seen as a big plus.
tygarreg: Well yes it can in a rising market but dividend is taken off the market cap at start of trading and if it does manage to stay positive after divi that is not as high as it would have been without the divi. Without any division the market cap and therefore share price would be higher by that amount!
kenmitch: Tygarreg Though the dividend is taken out of the share price on ex dividend day, it doesn’t mean that the share will stay down all day. e.g buying could and sometimes does, see the share price go higher on ex dividend day. And a chance that could happen with FXPO today.
bozzy_s: I don't do charts - they're no way to predict the future share price - but anyone who does would surely see FXPO's as a thing of beauty. To my amateur / unbelieving eye it says we're recovering, and there's a long way to go. I prefer fundamentals to charts. And FXPO has become ridiculously cheap for non-operational reasons. A P/E of 3 to 4, dividend yielding somewhere around/above 10% (before swiss tax), an established profitable company which is among world leaders in its industry. Seems an absolute gift. An ultra rare low-risk opportunity to make 100+ percent profit in a couple of years.
bozzy_s: Good to see momentum carrying on. These look ridiculously cheap on all metrics. On 2nd August FXPO announced interim results: Revenue +28% at $787m Pre-tax profit +77% at $317m Post-tax profit +78% at $270m Interim dividend +100% at $0.066 Net debt -24% at $282m Net asset value +26% at $1,091m Superb results. Absolutely brilliant numbers. An established company growing at that rate - outstanding. And the increase in NAV / reduction in debt was after paying divis of 13.2c in May. The shares traded between 240p and 252p on 2nd August. For mostly non-operational, non-financial reasons they then crashed to 120p on 31st October. And today at 142p they're almost as daftly priced. Yes Q3 2019 production was significantly down v Q2 2019, and slightly down v Q3 2018. But the share price over-reaction was due to Zhevago being chased. Thanks for the note re. Swiss Withholding Tax on dividends. Decided to do some research. Googled "reclaim swiss dividend withholding tax uk" and a Ferrexpo statement was in the top 3 results. "Qualifying UK resident shareholders will be able to claim back 4/7ths of the 35 per cent Swiss Withholding Tax" So I'll adjust dividend yield to take that 15% tax into account. And update for today's share price / exchange rate. If H2 dividend is unchanged, total of 13.2c = 10.22p. Minus 15% = 8.68p = 6.12% If H2 dividend is doubled, same as H1, 19.8c -----------"------------ = 9.17% And trading on a 2018 P/E of 3.2. 2019 looks to have been more profitable, so today we're at less than 3 times 2019 earnings.
bozzy_s: Looks even better value 24 hours later! 7.91% yield if FY divi unchanged 11.85% yield if FY divi is doubled, in line with interim divi P/E ratio of 2.18 if H2 EPS is same as previous year Re debt darius12, have a read through their FY 2018 results: Https://uk.advfn.com/stock-market/london/ferrexpo-FXPO/share-news/Ferrexpo-PLC-Full-Year-Results/79740123 And their 2019 H1 results: Https://uk.advfn.com/stock-market/london/ferrexpo-FXPO/share-news/Ferrexpo-PLC-2019-Half-Year-Results/80457824 Check out the latest balance sheet as of 30-6-19 in the H1 results. And it's worth taking a couple of hours to read all the commentary in both. I'd say the biggest risk is jurisdiction. Operating solely in Ukraine while there are sweeping political changes - including FXPO's boss being chased by the new government. It seems the company itself is an excellent money-making machine. By paying decent dividends it makes itself far more attractive to investors. And the high yield mitigates the jurisdiction risk somewhat. And it appears they are trying to expand. Investing money to increase annual pellet production. If that were to plateau in a few years - no new capital expenditure - just a cash cow. The company could in theory pay off its remaining debt, and pay out most of its annual earnings in dividends. Imagine if they do increase output, earning 80p per share, and paying a divi of 50p. Yes it's uber-positive, pie in the sky stuff. FXPO might be targeted and taken by the new government.
arja: but sometimes a high dividend yield is misleading as market thinks it is not sustainable . quite a few stocks have high yields and a downtrending share price and steady erosion of capital. The dividends received rarely compensate for reduction of capital. I see it has slipped again today in slightly better overall market and that 140 support level not far away . The shady happenings might affect this stock until sorted out .
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