Ferrexpo Share Discussion Threads

[r9505571] 18/6/2021 18:11

Yeah big seller pushed the price down further!

[thags] 18/6/2021 18:02

Custeel now $319 per tonne pellet premium has increased. The share price has detached from reality....

[thags] 18/6/2021 15:27

You need to hold them Wednesday close as ex div is almost always a Thursday. Then from open on Thursday you can keep or sell and still get the dividend

[zho] 18/6/2021 15:17

No. The shares went xd yesterday.

[r9505571] 18/6/2021 15:07

If you buy shares before 5pm are you eligible for the dividend?

[zho] 18/6/2021 11:03

Thags - see https://uk.advfn.com/cmn/fbb/thread.php3?id=48112797 AIUI, if you hold shares in an ISA you can claim back 20% (4/7ths of 35%), but only if your broker is prepared to play ball and supply you with the appropriate documents (see post 11 from bozzy_s). I'm with A J Bell and at the moment they're not prepared to help out. Annoying.

[thags] 18/6/2021 10:58

Interesting, I thought you couldn't claim back wht in an isa so I'm assuming that's the 4/7. How would you claim the other 3/7 in an isa?

[zho] 18/6/2021 10:32

>>sipp and isa you can't claim back>> Some brokers (inc. Hargreaves Lansdown, Interactive Investors) will supply the documentation needed to make claims for shares held in ISAs.

[thags] 18/6/2021 10:30

Well we've so far discovered 1, you can claim swt through self assessment if held in a normal share account and its really easy to do. 2, sipp and isa you can't claim back 3. If in a business account then you probably have to jump a lot of hoops to claim back 4/7 of the swt the other 3/7 via the double taxation treaty through your accountant although I have no idea how that would work It's a shame really as I'm sure we'd all just hold in an isa or sipp and enjoy the full dividends

[bellbottom] 18/6/2021 09:57

1knocker SWT - have given up trying to get refunded. Blanking from my mind all that lovely lolly gifted to the Swiss!! It's a Swizz! BB

[1knocker] 17/6/2021 19:52

Thags, 10% Bellbottom, with a holding like that I hope you have managed to get back the Swiss tax, and if not that they at least send you a nice thank you letter each dividend day!

[thags] 17/6/2021 19:45

1knocker what kind of dividend are you talking about with Dec. I'll go and have a look at the DD on the dec chat 👍

[1knocker] 17/6/2021 19:44

PS For some good analysis of the DEC business model, you need to go to the old DGOC thread and scroll back a bit. The Coy accounts do take a bit of getting your head around - for me anyway.

[bellbottom] 17/6/2021 19:38

Well I took the plunge and bought another 6200 shares @ 421p - all I could afford. It would have been more but all I have to play with at the moment. Agree this is a silly situation and happy to be patient for the real value to be reached. Currently have about 102,000 shares. I've had more in the past but wary of having too many eggs in one basket so to speak, but this is one basket I'm happy to have a load of eggs in! Obviously there are risks, many which I have previously highlighted and a few that haven't yet gone away. Good luck all. Been here, in and out, since about 2008 and keeping the faith. BB

[1knocker] 17/6/2021 19:23

Its the business model which attracts me. They are very clever with financing acquisitions and forward pricing of sales. There is plenty detailed analysis on the ADVFN DEC board. I have been an investor for a few years now, starting small as I was initially suspicious that such a high dividend came in the 'too good to be true' category. The business model has been the same for some years, and there have been no hiccups. The short to medium term outlook (probably longer) outlook for gas is also good at present, as the anti oil lobby is strong, gas is greener, and something has to power all the construction to go renewable, and to fill the gap until the promised green revolution is a reality. There is also the prospect of a US listing, which would probably be a kicker for the SP,but it is really the dividend I am in it for. The share price is also reasonably volatile, providing opportunities for topping up at favourable prices if one is patient, and even for a bit of trading in and out. If you identify a fly in the ointment which I have missed, do let me know!

[bozzy_s] 17/6/2021 19:11

Red day for FXPO, but the iron ore price, and pellet premium, jumped today. Overall a big leap from $308.70 to $320.20 per tonne. Nearly back to May's peak price of $329.70, having dipped to $277.80 in the meantime. I'm buying more FXPO tomorrow. Trading on a P/E of under 2 at these iron ore pellet prices.

[thags] 17/6/2021 18:48

Hi 1knocker, what's your overview of dec. Nothing stands out on the financials for me?

[1knocker] 17/6/2021 18:16

Entirely agree Thags. With FXPO one just has to be patient and wait until they are silly money. It is not so many months ago they were well under 200, and not all that many years since I picked up tranches at 56 and then 26. Happy days! PS While you are waiting, have a look at Diversified Energy, which I regard as a FXPO without the Swiss withholding tax.

[foxy22] 17/6/2021 16:18

Do u think this is the bottom

[bozzy_s] 17/6/2021 15:51

Crikey how wrong was I suggesting £5 this week?! I always was a rubbish trader.

[yawn1971] 17/6/2021 15:19

Copper play CAML also hit very hard from recent highs.

[angersharkz] 17/6/2021 14:12

Thags - no news here, this screams fear selling and time for any medium/long term holders to top up, don’t like averaging down but I’ve made exception here. Like you say 20% drop from a new high seems like a panic sell off to me. Some have sold pre ex dividend with the intention of buying back, doesn’t make sense to me but each to there own.

[thags] 17/6/2021 12:18

this is a typical fxpo movement. losing nearly 20% from recent highs over no news whilst generating silly levels of cash at over $300 per ton. I'm looking to load up my swing trade account just waiting to find support, fibs been smashed next up 100MA at around 400. unless there is some major news I've missed like an imminent russian invasion

[shaf200] 17/6/2021 08:57

Com on...ridiculous... haven't got funds to add...

[russ42] 17/6/2021 08:28

Happens all the time now. Better selling a couple of days before ex divi and buy on ex divi day.