Ferrexpo Share Discussion Threads

[gilesgraves] 01/12/2016 17:15

I totally agree Mreasygoing. I got involved with ferrexpo in the 80p range. I have stuck with it for long periods. The only reason I sold out and bought back in was because I was keen to profit from the Oil news. I felt the media were being far too negative about the deal and I felt sure it would happen. Anyway, it was amount of disloyalty. Im back, as of this morning. Although I do retain some Oil stocks (PMO) and am keeping my eye on RRS for late Friday afternoon (as I believe in Quitaly). Ferrexpo I am very excited about. Well done indeed for being in this from the 20s. I wish I had known about it then.

[mreasygoing] 01/12/2016 15:53

Giles, long term you're better off buying and holding. But each to their own. Check out the yearly stock challenge and look at my holding. FXPO is my star. Fortunately I have held all my real shares since buying in the teens and 20's. Less stressful and more profitable long term than jumping in and out.

[gilesgraves] 01/12/2016 14:56

i am pretty relaxed to be honest. People are jumping into Oil today. I enjoyed Oil stocks yesterday and today but now Im coming back to ferrexpo.

[pbutterworth1] 01/12/2016 13:46

giles - do be careful not to get carried away :-) I like FXPO too and hold. I reduced today however (temporarily?), because the shareholder risk profile is higher than several other attractive commodity plays with a much broader holding base.

[bellbottom] 01/12/2016 13:45

Ferrexpo should see permissions granted to expand their Ukrainian operation. This was expected during December - ie, this month - known as the Belanova or Belanovsky Mining Works.

The expansion will increase production from 9.5 Mpta to 16 Mtpa of pellets and provide an additional 4 Mtpa of export concentrate. FPM has an estimated resource of 18 billion tonnes of iron ore (predominantly magnetite) in nine deposits with an average iron content of approximately 30%. Mining is currently undertaken at the Gorishne - Plavninskoe and Larrikovskor deposits and development is planned for the Yeristorskoe deposit located just north from existing operations.

In light of Ferrexpo having increased its stake in Poltava Mining, announceed 2nd November, then this is all good news for the future, barring any bad news of course.

[gilesgraves] 01/12/2016 13:12

The iron ore price continues to rise. Latest PMI data out of china is better than expected. Im thinking Ferrexpo will have a good december AND rise throughout January too.

[gilesgraves] 01/12/2016 11:05

Im buying. When we are at 205, the opportunity of buying at 125 will be long gone.

[gilesgraves] 01/12/2016 10:41

This is the same rigmarole we go through every time the stock dips a little.

[ulftherock] 01/12/2016 10:26

JJHBev,

Good points. I've been asleep on this due to health problems. Missed out on the high.

Agan. Ugh.

Anyway, all of your arguments make sense. The only issue I would wonder about would be the politics in general in the country and F&C. They have made arrests and charged persons with that bank. Clearly something went wrong, but this doesn't mean that he has been charged. He's a powerful guy there anyway. I guess there could be a witch hunt, but then again--he would be a difficult guy to prosecute. Probably they don't want to go there. Your point re USD 57 mln is well-taken. It's jsut not that much money in the big picture.

Then again, last year the stock just tanked... I guess that is why this kind of news makes us wonder.

[jjhbev] 01/12/2016 08:47

Yesterday’s news re Zhevago – and perhaps the decline in the iron ore price – hit the share price yesterday. Given that the decline was all from mid afternoon IMO the drop was very much linked with fears about the impact of this news – and indeed exactly what is the news?

IMO there are two key points:-

1) The reported action relates to Mr Zhevago’s role as guarantor of F&C and is seeking to claim AUH 1.5bn under said guarantee. It is reported in this article:-

hxxp://finance.bigmir.net/news/76181-Nacbank-pytaetsja-otsudit--u-Bahmatjuka-i-Zhevago-6-milliardov-griven

The article relates to claims of 6bn AUH. Of this amount 4.8bn UAH has nothing to do with us/Zhevago/Fxpo – it is in respect of a completely different bank = Bahmatyuk.
The claim against Zhevago is 1.5bn UAH as guarantor of F&C.


2) The amount of 1.5bn UAH equates to approx $57m. This is not an amount that will cause Mr Zhevago any undue problems if and when he would have to pay it. To put it in context, in 2015 Mr Zhevago received dividends from Fxpo of $40m. He also received $40m in 2014 and $40m in 2013 etc. Mr Zhevago is a very wealthy man and is well able to deal with this size of claim without needing to use his Fxpo holding. Furthermore, whilst Fxpo is not currently paying dividends IMO it is certainly possible that they could restart next year.
Another “context”; for the size of this claim is to compare it against the size of the recent share sale by Wigmore Street. That amount was approx $85m (at 110p per share) and although it temporarily knocked the share price we are now around 130p. We still have the potential of an upcoming share sale by Wigmore Street and IMO this is much more likely to occur than Zhevago selling shares.

[gilesgraves] 01/12/2016 07:57

Looking forward to buying back in this morning / today.

[gilesgraves] 30/11/2016 09:07

Brilliant. Seeing as its a slow morning for ferrexpo, can you tell us what the present is?

[telbap] 30/11/2016 07:51

Need 200p before Christmas for my Bruce bonus present. £50pp cfd, going 75 at 150p, then £100 at 175p.........come you Olson iron ore you, it can be done!

[rolo7] 30/11/2016 00:30

Fate 250 entry soon!

[telbap] 29/11/2016 21:03

Nice pair of twin peaks today

[arja] 29/11/2016 20:21

foxy22- just noticed this stock which I used to follow . A nice looking chart and up on a bad day !

[bellbottom] 29/11/2016 16:56

Bank of Finance and Credit

Compensation payments recommence. Up to a maximum of 200,000 UAH, which is the maximum under the NBU bank deposit guarantee scheme. That's about £6,000.

[bellbottom] 29/11/2016 16:44

Some news from yesterday - further consolidation of stock in Poltava GOK.

[foxy22] 29/11/2016 16:00

Only mining share of mine in the green today alongside gulf sands and bankrupt Italian bank monte paschi!!!!Why I ask?!

[telbap] 29/11/2016 14:39

And all the way back up again.....

[gilesgraves] 29/11/2016 10:23

My iron ore chart (search iron ore on ig.com) shows iron ore went down 7% last night..Ive sold out but am looking to see how iron ore prices change today before buying back in