Ferrexpo Share Discussion Threads

[mreasygoing] 28/10/2016 12:42

Fantastic volume. Highest in over 3 years. Can't thank the mm's enough.

[mustau] 28/10/2016 12:19

Completely missed the morning drop but added a few @ 108.
Granto I'm sure yesterday I read that we're placing approx xxxxx amount, to me that reads the seller is happy with the amount sold.

[granto2] 28/10/2016 11:59

hey the vultures bought in at best deal price of 110p. If you can get onboard cheaper than them you are a pro. and hey, you didn't even have to pay for the due diligence report that JP Morgan would have had to generate. I added at 104p. Wasn't intending to add having sold at 119p and 120p and some at 114p. Nothing has changed here. ok they free float has expand but we also have II onboard. The market got spooked by this, but there is no 'placing of new shares'. There is no dilution. It is not really a secondary placing in the classic sense, but rather a large shareholder making a placing with JPM. Technically its a secondary placing. It wasn't over subscribed. Ouch. But they got 90% sold. It is actually a prudent move by the seller. It means he can buy back in or support a cash raise if one is needed next year. The CEO should consider doing the same. any explain why. its a hedge against a iron ore price collapse. Ferrexpo could need money.

[granto2] 28/10/2016 11:58

hey the vultures bought in at best deal price of 110p. If you can get onboard cheaper than them you are a pro. and hey, you didn't even have to pay for the due diligence report that JP Morgan would have had to generate. I added at 104p. Wasn't intending to add having sold at 119p and 120p and some at 114p. Nothing has changed here. ok they free float has expand but we also have II onboard. The market got spooked by this, but there is no 'placing of new shares'. There is no dilution. It is not really a secondary placing in the classic sense, but rather a large shareholder making a placing with JPM. Technically its a secondary placing. It wasn't over subscribed. Ouch. But they got 90% sold. It is actually a prudent move by the seller. It means he can buy back in or support a cash raise if one is needed next year. The CEO should consider doing the same. any explain why. its a hedge against a iron ore price collapse. Ferrexpo could need money.

[pbutterworth1] 28/10/2016 11:50

tb - I would LOVE to nail JPM. It will never happen, only in a dream.

[telbap] 28/10/2016 11:47

Ts........110/112...... will go higher next week once dust has settled, everyone sees it was a some share sale.....blah blah blah.I just wonder, and only wonder, if any unusual shorting positions were opened yesterday before close?

[tsmith2] 28/10/2016 11:43

115-118 finish imo

[tsmith2] 28/10/2016 11:42

Starting to see some strength in the bid and offer

[pbutterworth1] 28/10/2016 11:20

this share is making a rapid recovery

[gilesgraves] 28/10/2016 11:11

Buying back everything I sold yesterday. Pure luck

[telbap] 28/10/2016 10:12

110/112 close is my guess..

[tsmith2] 28/10/2016 09:49

Should get holding statements to see who has picked some up..

[tsmith2] 28/10/2016 09:46

Any broker comments?

[che7win] 28/10/2016 09:19

I've bought another tranche, last one.

This doesn't affect shares in issue, a 27p fall is a bit over the top.

[tsmith2] 28/10/2016 09:08

Ever get feeeling MMS and IIs act in cohorts?

[telbap] 28/10/2016 08:51

This is like the shake over on sou a few months back, went from 96p to 71p in 10mins, then spent the day coming all the way back!!, I recall it closed 3p off its open price.......no manipulation there at all!!

[greenhorn54] 28/10/2016 08:51

In at a quid

[telbap] 28/10/2016 08:49

Buyer knows he cash desperate, knows he has another 11%, knows he will have to sell in 91 days time. ......turning the screw....leads them to think "x" while all the time only intending to buy "y"

[tsmith2] 28/10/2016 08:48

joined in 101

[tsmith2] 28/10/2016 08:48

I'm more interested in what it doesn't mean..MMS have marked it down as though it's a right issues

[telbap] 28/10/2016 08:47

Right or wrong just topped up at 100p

[miked500] 28/10/2016 08:46

Wigmore Sells Smaller Than Expected Stake In Ferrexpo (ALLISS)

What did that mean? That they couldn't sell as many as they wanted or they decided to sell less?

[tsmith2] 28/10/2016 08:45

This is clearly not a right issue placing but a placing by an existing investor to trim their holding..

[mreasygoing] 28/10/2016 08:45

They've shaken the tree. Fantastic volume. Weak holders are out. They'll be buying back higher soon.