Ferrexpo Share Discussion Threads

[che7win] 28/10/2016 08:42

Bought twice so far, this is irrational fall - no dilution!

[mreasygoing] 28/10/2016 08:40

Beautiful, bought quite a few back nearly 20% cheaper. Thanks mm's :-)

[napoleon 14th] 28/10/2016 08:34

Added in ISA @ £1 after unloading surplus PHTMs

[bamboo2] 28/10/2016 08:32

Yes me too.

[mreasygoing] 28/10/2016 08:19

The beauty of high beta, what did I say about stomach churning the other day.

[napoleon 14th] 28/10/2016 08:10

108.5p online....08:10 hrs

[telbap] 28/10/2016 08:00

In auction

[telbap] 28/10/2016 07:49

Pb. .....I agree, they will wait for the share price to repair itself get past 90 days, rewind, refresh, do it again.....so 29th Jan will see another "placing sale"

[mustau] 28/10/2016 07:33

Agree tel but unfort the misinformed may panic sell.

[telbap] 28/10/2016 07:30

It's not a placing!!Just a very cleverly announced sale of shares.Read the first paragraph in the rns last night and this am.They cannot announce it as a sale of shares, not allowed, so they announce it as a placing......clever. an excellent way of selling 63mill shares close to market value.

[mustau] 28/10/2016 07:27

Not bad, anything under 1.10 I'll be adding.

[bigbigdave] 28/10/2016 07:03

Placing at 1.10

[pbutterworth1] 27/10/2016 21:20

telbap, I am also thinking this might end up being share price positive - but I doubt we will know by 8.01 28th Oct. Larger players are not interested in small share blocks. Crucially for Bakala and JPM, (and current holders) he still owns over 10%...... :-)

[telbap] 27/10/2016 21:13

OK we will judge how bad at 8.01 tomorrow morning. Done on a Friday for a reason, bad reaction means only one day of trading before a weekend let's peeps look at the situation and realise it's not as bad as they thought. If all this is an open sale of shares, he's done it for a reason, to drum UP the price, supply and demand, "you want into this company?, it comes at a price, my price".....That's my take, let's see.

[tomoneyfox] 27/10/2016 20:37

pb. Ah, Tom Boonens team, can't be that bad a guy then !

[mr.oz] 27/10/2016 19:23

Pb, it was tongue in cheek haha

[pbutterworth1] 27/10/2016 19:14

Tomoneyfox - Quickstep. hxxp://www.etixx-quickstep.com/en/about

Amongst other things Bakala has created the Bakala Academy located on the prestigious campus of Leuven University in Belgium, the academy was established with the objective of creating a centre of excellence to promote innovation and education in cycling and sports in general, as well as contributing to the development of sports within an international, cultural and economic context.

[pbutterworth1] 27/10/2016 19:12

mr oz - you are not seriously comparing this to a) 2008 b) a 30% single share block fire sale ??? Pleeeese....

[mr.oz] 27/10/2016 18:56

In 2008, Fxpo lost 3/4 value all told!
A blip would be preferable, but watching carefully
I traded out today, looking forward to getting back in

[tomoneyfox] 27/10/2016 18:56

pb. Thanks for the info, just out of interest what pro team is he involved with ?

[pbutterworth1] 27/10/2016 18:28

This is NOT a dilution. Merely a share sale, halving a holding from 22% to 11%. The sale will be carefully managed by JPM and will take a few days, feeding the plenty of interested stake builders. The billionaire seller, Mr Bakala will not be missed. He desperately needs the cash. Bakala bought coalminer OKD from its managers in 2004, loaded it with debt, withdrew an estimated €1.5bn in dividends and floated it as NWR on the London Stock Exchange in 2008. The shares became worthless. NWR, Under the agreement with the bondholders, Bakala, together with his partner Peter Kadas, transfered their 50.4% shareholding, held via Cercle Mining Holdings and Asental Property, into NWR’s treasury for zero consideration, ending the financiers’ turbulent involvement in the company. He lost a great deal of money on that, and I see this move as getting some value out of another holding. Despite having positive aspects in his charity work and supporting professional cycling, I find his recent investment decisions wanting. Time will tell :-)

[sherbs] 27/10/2016 18:25

presumably institutional investors will buy off him at a discount rather than buy in open market and some/most of shares will find way back onto market . When Zhevago sold siilar amount in 2008 it was 30% but it was a forced sale during financial crisis. This should hopefully just cause a blip, just how much and for how long
but why sell in this way? Approaches mustve been made for direct sale . The sale seems a bit desperate

[mreasygoing] 27/10/2016 18:20

Thanks Wakeland.