Ferrexpo Share Discussion Threads

[bellbottom] 25/9/2020 16:42

Ukraine's High Anti-Corruption Court(HACC) bares its teeth. Baby teeth!! Small fry so far. Bigger fish to come maybe? 'The HACC has handed down 17 verdicts so far (almost all of them guilty), and is hearing scores more cases. But after years of being robbed, many Ukrainians are not satisfied with small fry. They want bigger fish hooked.' Https://www.unian.info/politics/anti-corruption-ukraine-s-anti-corruption-court-bares-its-teeth-11159888.html BB

[r9505571] 25/9/2020 12:02

Wild swings as per usual!

[bellbottom] 25/9/2020 10:45

Http://www.custeel.com/en/csi.jsp Https://tradingeconomics.com/commodity/iron-ore BB

[lord mandelbaum] 25/9/2020 10:29

Hi BB - appreciate your commentary. What source do you get your iron ore prices from? I've found the ticker TIOc1 (in the FT) and DCIOF1 (investing.com). Wanted to buy FXPO yesterday but as someone else commented, the vagaries of this stock are many.. and of course if you don't fully understand something then you shouldn't buy it! Many thanks in advance.

[bellbottom] 24/9/2020 11:11

Iron ore prices back down to levels not seen for four weeks. That combined with ex divi day bringing us down. Roll on 6th October for that production report. BB

[foxy22] 24/9/2020 08:43

How come u have no withholding tax

[bozzy_s] 24/9/2020 00:56

That's great news Bellbottom, thanks for sharing. Looks like 2020 accounts will be spectacular. Should hopefully mean dividends in 2021 will be as generous as this year. In 2 weeks time we'll be up to 33c for the year. Approx 26p. Even taking into account Swiss Witholding Tax it's a 9.2% yield, increasing to 11.3% when we reclaim some of that tax. Stunning! Absolutely outstanding. With no hiccups we ought to be trading around £2.50-£3 a share next year.

[lodgeview] 23/9/2020 18:01

I'll receive £1400 from dividend on Friday so looking forward to that. I hope the share price recovers from the drop due to the divi so it is covered. I hold 30,000 equivalent shares and there is no Swiss withholding tax to bother about for me!

[thags] 23/9/2020 16:01

Yet the share keeps falling, completely unfathomable

[zho] 23/9/2020 14:09

The article is at https://concorde.ua/rs/daily/item_76770/

[bellbottom] 23/9/2020 13:47

For some reason ADVFN is preventing me from posting a link. I'll copy the body of the text instead. From Concorde Capital Research dated 23rd September. Ferrexpo daily pellet output rebounds 26% m/m in August Ukraine’s largest iron ore pellet exporter Ferrexpo (FXPO LN) produced 980 kt of pellets in August, which amounts to 31.6 kt per day, or a 25.6% m/m jump, according to Concorde Capital's analysis of data reported by Interfax-Ukraine on Sept. 22. In 8M20, Ferrexpo’s pellet output rose 4.0% yoy to 7.36 mmt, or 30.2 kt per day. Dmytro Khoroshun: Ferrexpo’s daily production rate rebounded strongly in August after three months of declines, which is positive. We maintain our expectations for Ferrexpo’s 2020 production volume at 10.5-11.2 mmt (28.7-30.6 kt per day), or up to 7% more yoy. The latest production volume guidance from the company was for a 9.3% yoy increase to 11.5 mmt (31.4 kt per day) in 2020.

[bellbottom] 23/9/2020 13:43

If only the share price would jump by the same percentage?! All the same this is excellent news on production figures for August. Https://concorde.ua/rs/daily/item_76770/ Keep the faith. BB

[lodgeview] 23/9/2020 08:53

Is it over?

[bellbottom] 22/9/2020 20:10

Https://www.mining.com/monday-mining-massacre-as-gold-copper-iron-ore-prices-tank/ BB

[kenmitch] 22/9/2020 19:47

Ex dividend day is Thursday. Ex div day is almost always a Thursday. So anyone wanting to get the next FXPO dividend needs to buy tomorrow.

[perfectstorm] 22/9/2020 19:33

Never for you lodgeview. Shorters don't get dividends, they pay them.

[bellbottom] 22/9/2020 17:02

Ex Divi day Friday, of course - getting ahead of myself - still a couple of days for share price to climb higher then? Don't know this website but discusses Ferrexpo in terms of 'Factor Investing.' Https://uk.investing.com/analysis/ferrexpo-passes-this-3point-stock-market-strategy-200447085 BB

[lodgeview] 22/9/2020 16:28

So when is we div date?

[r9505571] 22/9/2020 15:40

The special interim dividend will be paid on 8 October 2020 to shareholders on the register at the close of business on 25 September 2020. It will be paid in UK Pounds Sterling, with an election to receive in US Dollars.

[yawn1971] 22/9/2020 12:54

Ex div day is Friday?

[bellbottom] 22/9/2020 08:41

The whole corona virus situation is pulling everything back. It's affecting overall sentiment and confidence levels. Ordinarily you would expect this to climb today being the day before ex dividend day. It may still do so in the latter half of the day. I would hope to see it in mid 190's. BB