Ferrexpo Share Discussion Threads

[its the oxman] 17/4/2018 13:40

Iron ore price is key I guess , predicting that it not easy but a lot of bad news is in the price now.

[martinthebrave] 17/4/2018 12:49

foxy22 I have bought in. Not claiming this is the bottom but IC were Buyers in Jan at 306p & reiterated their Buy a couple of weeks ago. It looks set to turn IMO. Just needs a little trigger.

[foxy22] 17/4/2018 11:20

The braveThen where is it likely to head

[martinthebrave] 17/4/2018 10:47

From a Technical point I would have thought 197p is a stronger contender for a bounce than 180p. Admittedly neither area is particularly good.

[foxy22] 17/4/2018 10:38

Shaf 200So is that a technical level

[shaf200] 17/4/2018 09:00

Like I said boys... all the way down to 180 :-(

[bellbottom] 16/4/2018 11:47

Looks like we may be bouncing around the bottom now. Apart from a spike on the 10th April, that's now a week of 217/218p. Guessing of course, and if we don't get some good news soon, then the general trend is usually to drop back further until such news is 'leaked' or becomes official. Apart from the usual global concerns, I expect expectations for iron ore price having an impact.

[bellbottom] 11/4/2018 13:08

Lost almost a pound per share in just over a month. Looked like we may have hit the bottom yesterday but dropped back again today (so far). Re. JAY and SXX - no recommendations intended, just stating where I put my money after selling up FXPO shares. Both long term shares in SIPP/ISA - my previous buying and selling strategies on troughs and peaks didn't work out and would have been better off leaving well alone.

Re FXPO - Where we go from here, no idea?! If I hear anything I'll let you know.

Cheers

BB

[foxy22] 10/4/2018 14:30

Bell bottom Thanks for very informative responseIt certainly allays my concerns re Oligarch connections.i was looking for reasons for severe aggresssive price drop maybe just downgrades and iron ore slowdown.After Xhi speech maybe fxpo can start going back up.Todays price action maybe calls bottom.Will look at website andYour share recommendations...fxpo is not for the faint hearted !!

[shaf200] 09/4/2018 19:46

Looking at the charts... unfortunately support around 180p...

[bellbottom] 09/4/2018 11:37

Hi Foxy22,

Ferrexpo don't supply the US market with their product so that aspect shouldn't have a direct impact. But I suppose there's always the knock on effect. I'm talking tariffs here rather than sanctions of course. Wouldn't expect K Zhevago as an individual to be on any sanctions list being Ukrainian (though I think he was born in Siberia?)

This well worth a read from Ferrexpo website, if not read already....




I see fxpo started the day on the up and now down about 3 or 4p. It surely must be getting close to the bottom? Not sure I have the 'balls' to sell something else to buy back in - enjoyed the ride from 33p up to 207p (or thereabouts) - not feeling quite so confident - and not having onedb1 on board with his chartist's view has made me less confident. At the moment I'm on the JAY and SXX climb north - not so dramatic but hopefully both mid/long term winners. No advice intended.

BB

[foxy22] 07/4/2018 13:07

BellbottomI am also wondering whether the sanctions applied to oligarchs has to do with share price drop.Is ferrexpo owner included in us sanctions listIt seems ukrainian businessses have been targetedFoxy

[bellbottom] 06/4/2018 16:57

a couple of interesting links:





You might have to take a free 14 day trial to access all the details information.

BB

[bellbottom] 06/4/2018 16:44

Onedb was the serious chartist. But I imagine he's moved on to other stocks after having played this one. I admit too that I've been on the sidelines for a while and may not be able to get back in without selling something else.

Can't quite believe the drop today - almost 8% - when was the last time we had such a large one day drop here?? And even if you can confirm a large drop such as today's I'll bet it was related to bad news - ie, Russia East Ukraine invasion/backing of rebels, bank folding, Crimea annexing, etc...etc..... This seems to be generally sentiment and nothing specific, unless some news has leaked out and the usual PI's the last to hear.

I suppose I'm stating the obvious here, but there's a shed load of money to be made or a shed load of money to be lost from this point on. Not sure which way its going from here. Anyone any insights or ideas?

BB

BB

[foxy22] 06/4/2018 15:01

Is there a chartist out there who could give some insight please

[foxy22] 06/4/2018 15:00

I'm wondering where the bottom is too.l would like to add.citi called 2.20 think as t/p

[bellbottom] 06/4/2018 13:20

Another big drop so far today - down nearly six percent so far yet iron ore not moved off its $65 price. I imagine there are quite a few people on the sidelines, trigger fingers ready to click on the 'buy' button. At what number?

200p suggested as possible - why?

BB

[bellbottom] 06/4/2018 12:18

Further to my previous message about dividends up to £5,000 not being subject to UK tax and therefore not being relevant to claiming Swiss withholding tax.

As of today, the tax laws have changed again. For 2018/19 the amount of tax free dividends has dropped substantially to £2,000.00. Above that and you will pay tax at either the rate of 20% or 40% - slightly different tax rates in Scotland but the £2k threshold the same.

This means that you COULD be claiming Swiss withholding tax for your dividend amounts above £2k - probably not worth it unless you are lucky enough to be receiving a significant dividend amount.

BB

[rampant_bull] 06/4/2018 12:04

200 looks on the cards

[foxy22] 04/4/2018 15:19

Zho interesting outlook on alphavilleWhere do u think fxpo is sliding to

[zho] 04/4/2018 11:47

The imposition of global tariffs (see "Tarrif-iying, for now") combined with a cyclically slowing China, could cause further weakness in key commodities in the near-term in our view. Iron ore, for instance, appears to be at risk with steel inventories and property demand signals especially weak. Should Chinese steel margins fall from their current elevated levels, we see the potential for iron ore to fall in the near-term. This negative price momentum is likely to see companies like Rio Tinto and Vale underperform in the near-term owing to their high iron ore exposure. Heading out of this destocking period, however, we continue to expect higher iron ore prices than consensus and would look to any commodity driven de-rating as a buying opportunity.

[bellbottom] 04/4/2018 11:20

Now that the share price has dropped below the six month low of 247p, are we going to see it slide even further? Now at 236p. Where's a chartist when you need one (Onedb?)
Having been in and out of this share for maybe nine years my only fall back is to check against the iron ore price which dropped back to 64.5p and is currently at 65p.
Who's going to calla the bottom? We know what the brokers have forecast - a wide range of 130p to 340p - no consensus, (as usual?!)

Good luck!

BB

[its the oxman] 04/4/2018 09:00

Time to buy..?