Ferrexpo Share Discussion Threads

[foxy22] 11/1/2018 14:13

Well whatever it is looks like a winner to me ...can we see a run to 4.00

[noccer] 11/1/2018 12:22

Its either a delayed reaction to the production update when someone realised what a cash cow this is, or maybe the Glencore rumour is up and running again.

[foxy22] 11/1/2018 11:47

3.14Moving upwards ....looking strong

[noccer] 09/1/2018 11:44

Limited info from the production and trading update. Production for the year down 0.8Mt due to pelletiser maintenance, but iron ore prices significantly higher and pellet premium showing a notable increase over the top of that (iron ore on a surge at the moment too). They say a 22% increase in average 2017 iron ore base price over 2016, so as 2016 average was $58.3, then 2017 must be $71.1 by my maths. Cash cost of production up 4$ from $29 to $33/t due to lower production volumes, but clearly sale price has increased by far more. Net debt - $189M paid down, reduced from $589M to $400M. Pellet premiums seem to be huge these days, so prices should be way up over $100/t, but I find it hard to find up to date figures.

Looks OK to me, lets hope iron ore continues its sharp rise in January - same as it did last year.

[noccer] 03/1/2018 09:40

Thanks, thought something was coming. Lets hope iron ore price perks up like it did in the first few weeks of 2017. I am ignoring the Glencore rumour for now.

[bellbottom] 02/1/2018 18:23

9th January- 4th quarter 2017 results posted.

[noccer] 02/1/2018 16:45

Trading update normally 5th to 9th Jan I think. It will be interesting to see what they say about debt, pellet premium, etc. Price might tick-up if good news anticipated.

[bellbottom] 02/1/2018 12:28

Can't find any 'rumours' specific to a takeover of FXPO?! Rumours seem to be raised a couple of times a year but with nothing to back them up.

Certainly, back in December there was a general news item about Glencore in FT, suggesting their possible future policy of growing its business through 'bolt-on acquisitions' - but no specific mention of FXPO.


The only interesting piece of recent news regarding FXPO indirectly, is the purchase of the Espreso TV channel, based in Kiev, by Ivan Zhevago, FXPO major shareholder's son. Probably more to do with political maneuvering than any real moneymaking venture or having any direct effect on FXPO business.

The one interesting thing about the last few months has been the lack of any dramatic news regarding FXPO and that's probably a good sign, given the last two or three years of happenings.

B

[slopsjon2] 02/1/2018 11:45

Who are they taking over

[foxy22] 02/1/2018 11:39

Anybody have heads upOn ferrexpo takeover rumour

[grechen] 28/12/2017 13:31

That's me all out now but no doubt I'll be back in again at some point.Think it will break £3 again but as I'm well over my target price am not being greedy.Good luck to all holders.

[foxy22] 28/12/2017 13:18

Great recovery

[mark_jm] 22/12/2017 08:46

The longer the hike in pellet prices holds the better, as I expect every contract agreed at the higher price adds to margins, I can see this challenging the 3.15 high any day. Its a question if I sell before that or not?? all this talk of a market correction is a bit worrying

[foxy22] 21/12/2017 12:30

Looking strong...

[bellbottom] 15/12/2017 09:15

Well done those who bought into the rise leading up to today - dividend eligibility day - a nice 20p rise since the 6th December - pretty much as we thought. And of course receiving that dividend to boot!

Estimates for 2018 and 2019 are sales, income and profits down - I believe profits expected to be about 20-25% lower.

But this company has often defied predictions in the past - just look at previous recommendations and broker forecasts - most didn't get anywhere near the actual rise up to 315p.

B

[seroserio] 13/12/2017 16:48

9 Jan 2018 4Q 2017 Production Report
21 Mar 2018 2017 Preliminary Results
5 Apr 2018 1Q 2018 Production Report
25 May 2018 AGM
5 Jul 2018 2Q 2018 Production Report
2 Aug 2018 1H 2018 Results Announcement
9 Oct 2018 3Q 2018 Production Report

[grechen] 13/12/2017 16:29

A bit of a roller coaster ride the last couple of days with a nice profit to be had on a daily basis for the brave.Further to my post, 5019,long term holders will be aware that historically we can expect a Trading Update Statement in the first week of January.Judging from the tone of that last RNS it is inconceivable that results to date will be disappointing and I am hoping to see a slow steady rise up to then.But,hey,what do I know?

[scottishfield] 12/12/2017 11:41

who knows really, miners hard to predict

[foxy22] 12/12/2017 11:41

Also scotty why the drop today u think

[foxy22] 12/12/2017 10:12

If I buy today will I get the dividend

[grechen] 11/12/2017 20:46

The Company has continued to trade strongly since it announced its half-year results on 3 August, and its cash flows have further reduced net debt and funded capital expenditure. Together with the strong demand outlook for pellets in 2018, this has given the Board confidence to declare this dividend. (from last rns 7/12)

[v11slr] 11/12/2017 15:36

Remember that FXPO produce high quality iron ore pellets and then read this.