Ferrexpo Share Discussion Threads

[foxy22] 16/8/2017 15:21

Back to year high...do you all thinkIts on its way to three quid...or some profit taking is warranted...

[foxy22] 14/8/2017 13:18

Rocket recovery...

[shaf200] 14/8/2017 10:59

Don't worry... You'll still get the ride to 500p

[essential] 11/8/2017 17:25

Boughtbin today in the pulll back - kicking myself as I was poised to buy at around 200o and watched them climb ever since!!!!!

[grechen] 11/8/2017 10:57

It's not just FXPO it's the whole mining sector taking a bashing this morning..........good buying opportunity.

[villarich] 11/8/2017 10:56

The US - North Korea stand off is giving market maker the opportunity to restock their warehouses. Like you say, half year results were great so best to focus on that and top up if you feel like it

[telbap] 11/8/2017 09:54

Double half year profits, return to divi, hugely reduce time to debt free and still the walk down the SP

[shaf200] 11/8/2017 08:28

Blood bath. ..! not

[its the oxman] 09/8/2017 08:38

Looking good for a run to 300p.

[grechen] 09/8/2017 08:32

All good news at the moment plus dividend to look forward to at the end of the week.

[noccer] 09/8/2017 08:02

Iron ore closed over $75 yesterday (62% fines CFR China), plus Beijing takes further action over poor air quality, which helps pellets compared to iron ore fines.

[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.