Ferrexpo Share Discussion Threads

[fruitninja84] 06/2/2018 10:27

Took a bet here today @279. Hopefully will get 300p In time.

[scoble2] 03/2/2018 18:14

buy at £2.50 and sell at 300p for a short period.

[shaf200] 03/2/2018 14:50

Might see a pull back to 250p as DOW retreats....

[martinthebrave] 30/1/2018 17:24

Zero Shorting on Short Tracker -

[mark_jm] 30/1/2018 17:00

does anyone have an idea if this is being targeted by shorters at all?

[foxy22] 30/1/2018 16:24

This is so manipulated

[foxy22] 30/1/2018 12:21

Hopefully back up againThen to 3.15

[foxy22] 30/1/2018 12:20

Here it goes againDown to 2.87 then ....

[shaf200] 30/1/2018 10:15

I'm still in... riding this dog to 500p

[scoble2] 30/1/2018 09:03

Well, I am out

[martinthebrave] 29/1/2018 14:24

Doesn't state a target price.

4th & 16th Jan - Product differentiation is the hot topic among large miners, but Ferrexpo was arguably well ahead of the pack. Its premium product is supported by demand not seen elsewhere in the industry, and yet its forward earnings rating continues to languish. That partly reflects the debt profile, but even on Cantor Fitzgerald’s conservative numbers, the group is on course to move to a net cash position by the end of 2019. By that point, the wide premium to net asset value is likely to have thinned, and the annual dividend rate could easily double. Ferrexpo has come a long way, but we think its recovery has further to run. Buy.

And from 25th Jan - With a premium product to sell, Ferrexpo is primed to clear hefty bond repayments between now and summer 2019.

[foxy22] 29/1/2018 13:45

Mark -Jim what's their target

[mark_jm] 29/1/2018 12:42

This is one of Investors Chronicles tips of the year for 2018

[foxy22] 26/1/2018 14:51

Great recovery Hitting 3.00

[its the oxman] 26/1/2018 12:09

Just a matter of time before this breaks 300p and surges higher.

[shaf200] 25/1/2018 15:15

So the pounds increased 5% today!!??

[foxy22] 25/1/2018 11:27

Exchange rate?

[foxy22] 25/1/2018 11:27

Why is this droppingAny news

[noccer] 24/1/2018 09:56

A lot of it is the exchange rate, just look at GBP/USD up from 1.34 to 1.40. When a non-UK company turns its profits into GBP then you have to take the exchange rate into account. Same with Glencore. Main beneficiaries of stronger pound would be a UK based company that has a major part of its costs in a dollar based commodity, like an airline, lets see how is EasyJet doing .. oh yes, its has rocketed.

[mark_jm] 23/1/2018 17:03

is there some bad economics form China or something?

[foxy22] 18/1/2018 09:37

Cs upgrade share price target now 3.40Pellet demand

[slopsjon2] 17/1/2018 18:23

Fitch Ratings-London-17 January 2018: Fitch Ratings has upgraded Ukraine-based Ferrexpo plc's Long-Term Issuer Default Rating (IDR) to 'B' from 'B-'. The Outlook on the IDR is Positive. In addition, Ferrexpo's senior unsecured ratings have been upgraded to 'B' from 'B-'. The Recovery Rating is unchanged at 'RR4'. A full list of rating actions is included at the bottom of this commentary.
The rating action reflects Ferrexpo's improved liquidity profile following the signing of a new pre-export financing (PXF) facility in November 2017 and our expectation that the company will be able to redeem its fairly large upcoming debt maturities in 2018 and 2019 from internally generated cash flows and available cash balances. The Positive Outlook factors in our view that, should Ferrexpo maintain a solid liquidity profile, its credit profile would be commensurate with a 'B+' rating.

FULL LIST OF RATING ACTIONS
Ferrexpo plc
- Long-Term IDR upgraded to 'B' from 'B-'; Outlook Positive.
- Short-Term IDR: affirmed at 'B'.
Ferrexpo Finance
- Senior unsecured debt guaranteed by Ferrexpo plc: upgraded to 'B' from 'B-' / 'RR4'

[noccer] 12/1/2018 17:23

Yes, steel works are not good for air quality. China is in the process of closing ageing, high-polluting steel mills and induction furnaces to curb overcapacity in the sector - its a process continuing until 2020. However if they use pellets in their blast furnaces thats much cleaner ... hence rising pellet premium. There is a big push at the moment to improve air quality in China, and iron ore pellet producers are not exactly going to be sweating too much over it.