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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Ferrexpo Plc | FXPO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 1.00 | 1.62% | 62.80 | 14:39:20 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 62.90 | 61.90 | 65.00 | 61.80 |
| Industry Sector |
|---|
| INDUSTRIAL METALS |
| Top Posts |
|---|
Posted at 21/3/2025 08:24 by aim_trader Peel HuntFerrexpo (Buy, TP 120.0p) - VAT refund suspension confirmed for January Ferrexpo has confirmed that the Ukrainian tax authorities have decided to suspend the VAT refund for the month of January. This means some US$12.5m is unlikely to be paid back to Ferrexpo in the near future. Given the softer iron ore prices presently, the impact of this suspension will be problematic for Ferrexpo, which is already operating under significant constraints given higher power prices and being far from full capacity. As a result, Ferrexpo indicates that it is likely to dial back production rates, lowering the values spent in acquiring local goods and services (which provide the vast majority of Ferrexpo's inputs). While we can understand the government's frustrations that it has not been able to settle the outstanding claims it has with Zhevago, we continue to be surprised that in order to pressure Zhevago, Kyiv is willing to alienate investors in countries that have given, and continue to offer, significant support to Ukraine. The requirement to purchase significant power from outside Ukraine in 2H24, plus the softer iron ore prices, meant that the group was less than EBITDA breakeven, and therefore additional liquidity constraints from the suspended VAT refunds are significant. |
Posted at 21/2/2025 08:18 by farrugia lodgeview shut up if you have nothing to say.Ferrexpo has remained silent - possibly don't investors merit an update on that big issue!!? |
Posted at 06/2/2025 08:02 by volsung In the shadow of the market's fall,FXPO, once vibrant, now we mourn your pall. From peaks of promise, to depths so low, We chant this dirge for where you go. Once iron ore's pride, in Ukraine's heart, Your price has fallen, torn apart. The mines, they whisper tales of old, Of wealth, and now, of worth untold. Your shares, like leaves in autumn's grasp, Flutter down, in sorrow's clasp. From 124 to 38, Oh, how your fortunes dissipate. The dividends, once rich and bold, Now echo silent, stories told. Of battles fought on foreign land, And how they've shaped your stock's descent. *Beneath the weight of legal strife, Your value dwindles, life to life. Investors watch with heavy hearts, As each new day, a further part.* *In this dirge, we bid adieu, To days of growth, once bright, once true. May peace and balance soon restore, The fortunes of dear FXPO no more. |
Posted at 04/12/2024 10:01 by pogue I disagree the war is over unless Ukraine are about to change thier demands dramatically perhaps some investors reading too much Western media or perhaps there is something else going on at FXPO? Have not followed it pre war but the country is very corrupt so some deal maybe going on behind the scenes. All speculation that bit but the war is definitely not over and Trump is not going to solve it without a change in requirements. I have however not heard directly from Trump's mouth what he wants so far only those working for him, or that worked for him, so his real demands maybe less stringent re NATO membership which would unblock peace talks. |
Posted at 06/11/2024 17:48 by 1knocker Well done anyone who bought ahead of the election. It may be wise to sell and take the profit though, before the euphoria fades and people wake up to the fact that although Trump may well do the Ukrainians a favour by forcing an end to the war, stopping further senseless casualties and destruction, but that will turn the spotlight on the self harm Ukraine has already inflicted on itself by fighting for impossible outcomes for so long. The cost of reconstruction will be immense.I don't see the end of the war necessarily leading to the resumption of a significant dividend, draining money out of the country to mainly foreign investors. |
Posted at 02/11/2024 10:07 by 1knocker Loganair, there is certainly war weariness, but so far as I can see not an imminent collapse of morale.Trump is the best hope to end the fighting, and he is likely to be tough with both sides - telling Moscow that he will flood Ukraine with arms and money if Russia does not accept his solution and Ukraine that the money ard ms will stop if they don't. Harris would probably be less decisive and hedge her bets, but she knows that the US is getting sick of paying, and also that there would be an outcry in the US if Russia rolled Ukraine over despite all that the US has put into backing Ukraine, so she will be keen to see an end, or at least a wind down, to this too. The more difficult question is whether either will commit large sums to Ukrainian reconstruction. My guess is that with the budget deficit and a huge reconstruction bill in the Middle East, Harris (with a lot of pro-Palestinian supporters) might be even more reluctant than Trump to foot the bill for Ukrainian reconstruction. However you cut it, both as regrds 'peace' prospects and reconstruction prospects, it looks to me s though Ukraine has a tough time ahead and its government will need all the money it can lay its hands on domestically. IMO, that does not augur well for any early resumption of large dividend payments by FXPO, mainly flowing out of the country to foreign investors, even though logically that would help Ukraine to attract the foreign investment it is going to need. I will be looking to get in here in the hope of a spike if Trump wins and, win or lose on the trade, to be out again within a few months before reality sets in. |
Posted at 08/9/2024 09:07 by tigerbythetail Honestly, Loganair, that has to be the weirdest, worst researched, and most self-destructive "investment strategy" I've ever come across. Ever.A couple of names for you to research - Danone and Baltika Beer. Of course the rights of Western investors won't be respected if FXPO falls into Russian hands! Anyway, thanks for my morning laugh. |
Posted at 08/8/2024 12:04 by bellbottom Unless there has been any substantial change in plans since the Blackrock/Zelensky meeting(s) then surely Ferrexpo is safe from being broken up or taken over surreptitiously?I know in times of war anything is possible, but I can't see Ferrexpo being a 'victim' when so many western investors - big boys and PI's - would potentially see their investments turn to dust while at the same time Ukraine would need huge investment from those very same investors. Am I missing something here? Probably! |
Posted at 01/8/2024 13:47 by tigerbythetail masergt - Zhevago is an individual regarded with particular contempt (actually I'd call it seething loathing) by the Ukrainian state. Perhaps only the outright traitor Medvedchuk has as bad a reputation.Yes, Ukraine isn't short of crooked businessmen and judges on the take, but Zhevago isn't "one of many". That's a mistake. He's a special case. Obviously, the best thing would be if France would extradite Zhevago to Ukraine, and then Ukraine could strip him of his assets and slam him in prison and leave the Western investors in FXPO alone. But given that Zhevago is safe in France, how else are the Ukrainians to strip him of his assets except by attacking (i.e. eventually seizing) the Ukrainian subsidiaries of the Swiss registered FXPO? Even though Western investors will get caught up in the crossfire. Oh, and whether you are "in the right" or "in the wrong" is completely irrelevant when it comes to Ukrainian jurisprudence - even now. The question is who is stronger and who is weaker. And obviously the state always wins out if the matter is important enough. (BTW, if Zhevago did get handed over to the Ukrainians, I'd regard that as a "buy" signal for FXPO. Bar the legal ructions FXPO is worth the risk.) |
Posted at 20/3/2024 12:24 by loganair WEDNESDAY, MARCH 20, 2024, 12:41 PM 3033Ferrexpo drew attention to the incorrect information that was spread by some Ukrainian mass media: Ferrexpo plc draws attention to the incorrect information that was spread by some Ukrainian mass media about the reasons for the change in the value of Ferrexpo's shares. According to the comments of analysts and institutional investors in the international investment centers of London and New York, the recent decline in the share price of the parent company Ferrexpo plc on the London Stock Exchange is a consequence of the general increase in pressure on Ferrexpo from the law enforcement authorities of Ukraine over the last year and questionable court orders, in particular, by the latest decision of the Eastern Commercial Court of Appeal (Kharkiv city) in favor of Maxi Capital Group LLC regarding Poltava GZK, which is part of the Ferrexpo Group. Ferrexpo is in ongoing discussions with its major institutional shareholders and has not yet been notified of any changes in their holdings. Regarding the situation with the alleged debt in the amount of 4.7 billion hryvnias, the company called it "non-existent". "They are trying to collect an imaginary debt of 4.7 billion hryvnias (125 million US dollars) from Poltava GZK, using falsified documents. This debt, which allegedly arose more than 15 years ago, according to the decision of the Ukrainian Supreme Court from June 2022, was repaid back in 2015," Ferrexpo plc explains. However, as indicated in the notice, the Deposit Guarantee Fund of Individuals (FGVFO) sold the actually absent right of claim to the Poltava GZK to the unknown company "Maxi Kapital Group" LLC, which led to the Eastern Court of Appeal (Kharkiv city) issuing a decision on the repeated collection of funds from Poltava GZK. According to the lawyers of the Poltava GZK side, the trial process had signs of an ordered and dubious nature, because the case with the volume of almost 4,000 pages was considered by the board, which was formed an hour before the start of the trial. And the decision itself was made in a single appeal session, which lasted one and a half hours and was announced after 5 minutes of discussion of the case by the judges in the conference room. That is, judges spent an average of 1 second on studying each page of the case. Currently, the company has filed a cassation appeal and hopes that this decision of the Eastern Commercial Court of Appeal of the city of Kharkiv will be overturned in the Supreme Court. "We hope that the said court decision will be overturned by the higher courts, which will protect Western investments in Ukraine and the rights of Ukrainian investors, and we hope that the investments made by investors during the last 17 years in the amount of more than 3.5 billion US dollars will be protected," - says the message Ferrexpo would like to use this opportunity to once again confirm that as a company listed on the main floor of the London Stock Exchange, it operates according to the highest standards of corporate governance and complies with all requirements of international and Ukrainian legislation. |
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