Ferrexpo Share Discussion Threads

[grechen] 08/8/2017 09:05

Over 1 million shares traded in first hour.............bad news for shorters

[grechen] 08/8/2017 08:20

Seemed to fight off that assault on the price easily enough.

[foxy22] 07/8/2017 16:14

Well I think we will see deutsche bank target this week...6per cent up today!!!

[foxy22] 07/8/2017 11:27

Thanks for assessment...just want your take on where ferrexpo is heading...before Iron ore pullback

[noccer] 07/8/2017 11:24

HSBC estimate is based on iron ore price and pellet premium coming down significantly and they say ""We expect earnings to decline over the next eighteen months, mainly on the premise of weaker iron ore prices and lower pellet premiums. While this is our forecasts, there is clearly upside risk to this view, at least in the near term, as both price and pellet premiums are elevated and are currently 34% and 14% higher than our 2H17 averages."

It all hinges on how iron ore pellet prices compare to their forecasts. There are some seasonal aspects to this, and last year iron ore pared back into September and then climbed until Feb the next year. If we average out in 2H17 at the current level then I reckon FXPO are minted (assuming no geopolitical upsets).

I think its possible the resumption of 2 dividend payments (and maybe a special one) will also attract in a little extra share buying from some fund managers.

[foxy22] 07/8/2017 11:03

Yes definitely a bit suspect....anyway millennium have been caught with their pants down today...haha!!

[phowdo] 07/8/2017 10:43

HSBC downgrade - are Millennium International Management their client?

[foxy22] 07/8/2017 10:31

This share is incorrigible...just keeps going up...defying Hsbc's 'fully valued' prediction

[little minx] 05/8/2017 02:27

HSBC obviously has an order to fill and wants to keep a lid on the price until completed.

[grechen] 04/8/2017 13:29

Happy to continue holding esp. as iron ore price still rising.HSBC just one opinion........I think Deutche Bank target of 2.70 more realistic at present.Still think it will break 2.50 today.

[fangorn2] 04/8/2017 11:28

Any thoughts on the HSBC downgrade?

Long myself but healthily in profit again having held through the dip! Contemplating selling 50%

Cheers ears.



HSBC downgrades Ferrexpo, says stock fully valued
The bank pointed out that recent share price strength has pushed the stock's 12-month forward EV/EBITDA to 5.3x and a price-to-earnings of 8.0x, and that these multiples are trading at 15% and 20% premiums to their through-the-cycle averages and concur with its discounted cash flow-based valuation metric. We expect earnings to decline over the next eighteen months, mainly on the premise of weaker iron ore prices and lower pellet premiums. While this is our forecasts, there is clearly upside risk to this view, at least in the near term, as both price and pellet premiums are elevated and are currently 34% and 14% higher than our 2H17 averages."

[foxy22] 04/8/2017 10:09

2.50 today...on the march to 5.00Unbelievable beats glen blt and aal any day

[shaf200] 04/8/2017 09:52

The share that keeps on giving!! Rise this all the way to 500p to make a 10 fold killing :-)

[grechen] 04/8/2017 09:42

Looks like 2.50 will be broken today.

[mustau] 03/8/2017 19:12

Yes wish I hadn't sold in the early 2;s

[saturn5] 03/8/2017 19:02

You will not find a better chart

[onedb1] 03/8/2017 10:16

Well the reason we often see drops on good results is down to built in expectation . For those who have been following since inception I was mentioning P/E ratios of 6/7/8 and their equivalent share price ages / months to a year ago. It's common across all stocks to compare expectation vs results

[its the oxman] 03/8/2017 08:16

Supply side comments 2018 2019 possibly. But reckon this will go higher. Roll on 300p

[villarich] 03/8/2017 08:08

Good results, set to deliver on full year targets, paying a dividend, share price falls 3%. Beggars belief

[noccer] 03/8/2017 07:34

Yes, looks good to me and a dividend.

[bigbigdave] 03/8/2017 07:18

Great numbers today.

[foxy22] 01/8/2017 14:23

Bit of an intra day drop...of concern??

[noccer] 01/8/2017 12:40

Climbing towards half year earning release 7am 3rd August. Place your bets.

[foxy22] 01/8/2017 11:54

For the life of me i dont know...I hold other iron ore stocks fmgAnd vale...and they dont share this consistent outperformance...but hell i am not complaining..wish i had bought more