Ferrexpo Share Discussion Threads

[pbutterworth1] 10/3/2017 10:20

Giles, I agree

[gilesgraves] 10/3/2017 08:45

I expect this to be sold into this afternoon. Keeping a close eye and will be selling on weakness. The large / insti seller is not done yet...

[discodave4] 09/3/2017 21:14

OneWas the hammer confirmed?, I couldn't see that it had been so possibly going to test 76.4% fib / MA100 or monthly support @ 135?.....apologies for trying to pick your brains :)Tempted to put a SB limit order in at 135.5 first thing.DD

[onedb1] 09/3/2017 20:45

I agree with you T Smith . Sentiment .

I can't complain after all.

[pbutterworth1] 09/3/2017 19:07

I think we should not be depressed at this point - because FXPO is starting to look like a bargain......

[tsmith2] 09/3/2017 17:43

Onedb1Sentiment etc

[bellbottom] 09/3/2017 17:26

Thursday - so it is!!!!

I'll keep taking the pills.

[v11slr] 09/3/2017 17:03

PS. It's Thursday.

[bellbottom] 09/3/2017 15:52

I've never been very good at selling on the peaks and buying in the troughs so I'm sitting this one out. However, I sit on the sidelines with some degree of envy at those who sold in 170's and are now buying back in the low 140's



I know we are all expecting great results on 22nd March but my personal experience in trading has usually seen a steady climb to results day and then great results announced, followed by a huge drop - all contrary to what one would expect.

I can see that miners have taken a bashing today and we are one of the victims, possibly combined with other factors - ie, inst seller, sentiment, etc...etc..

[onedb1] 09/3/2017 14:59

Stock is now rebounding off the previous swing fib 78.6 retrace, very accurately too.

Gets interesting if we see a total rejection of this fall, the candle stick at the end of the day could well show a hammer , still a while to go for it though yet.

A headache for Trend trading but a beauty for Swing traders I suppose. Well done to those who caught these price swings . Top skills required in my view.

[onedb1] 09/3/2017 14:17

T Smith,I'd be happy at such a gift but the implied P/E ratio would not make any sense . Consider EPS in 2015 was 20p . A 6.5 p/e gives 130p . In 2016 one can assume a higher EPS hence with such a low P/E ratio even 150 should be a valid level. Now so far in 2017 we know that cash generation has been so strong that around $50m a month is probably about right. Maybe even conservative . Assuming 30p EPS for this year gives well above 200p . So 110-20 seems very mis priced . Fitch , the rating agency raised the ratings on the bonds too So debt is much less of an issue. Iron ore can average at $65-70 and we still have a much better year than 2016 . ( averaged $55) . Roughly speaking I doubt am far from the correct figures so I was surprised at today's price action . I did though warn that pushing the price too close to the trend line would cause this . Purely on technicals it turned Chartists bearish . Now hopefully we can regain the 151/152s . It can . And that will be a pivotal moment .

[telbap] 09/3/2017 14:09

Totally over done, this will rebound

[tsmith2] 09/3/2017 13:27

Need a healthy retrace, too much hot money in mining stocks.May be tempted @115-120

[onedb1] 09/3/2017 11:44

Mister MD,Compare 2016 h2 average price achieved to the $85 now Still about $30s up. So this is just private investor panic IMO. I know it touched mid $90 but that was never sustainable A return back up into the 150s would possibly negate this break. Today or tomorrow .

[gilesgraves] 09/3/2017 11:41

Im going to buy back here. +66% to 230

[mister md] 09/3/2017 11:03

hxxps://www.businessinsider.com.au/iron-ores-price-slide-is-gathering-pace-2017-3

[bellbottom] 09/3/2017 11:01

God, I do hate the stock market sometimes (actually, most of the time).

Any further ideas anyone?

[onedb1] 09/3/2017 11:01

No idea but as I said the primary trend line was of technical importance . They decided to breach it . Iron ore prices aren't even close to H2 2016 which still managed a great cash build .So it's all nuts . I don't sadly understand . Results due this month should at least vindicate my view . Whilst price seems to do what it wants in the past week

[discodave4] 09/3/2017 10:47

I've been stopped out now!, this is ridiculous:(

[bellbottom] 09/3/2017 09:49

Lets just hope its the inst seller effect and not some other, as yet, undisclosed bad news. I've been in since 33p and still long and in profit. But I always get the jitters when share price takes a series of daily drops with no definitive reasoning - apart from possible large seller influence on the price.

Lots more red on my portfolio today, which mainly made up of miners.

Have trawled the net for any potential 'other' news and can't find a hint of what that could be so tend to agree with the general consensus.

Maybe Friday will buck the trend?

[pbutterworth1] 09/3/2017 09:44

Undoubtedly temporary blip. Will re enter, and in meantime have modest holding

[onedb1] 09/3/2017 09:38

Kaz minerals had a similar situation around the 290s . I thought the trend was broken , it then regained the trend and topped at 560 !! I was long from 100s . I was stopped and then had to re enter .

[onedb1] 09/3/2017 09:35

I think that the insti trader has played it badly or maybe not . But it forced me out . Maybe it rallies back up as they may have forced the likes of me out on purpose . As I said I don't believe that the current revenue generation and all the rest are remotely factored in the price . I will go long if we see a return to bullish momentum .