Ferrexpo Share Discussion Threads

[foxy22] 15/2/2019 08:47

Bhr? Whats that a r j a

[arja] 15/2/2019 08:42

or use BHR policy Foxy22 . It was only down a touch on friday and so resilient . have a good weekend

[foxy22] 14/2/2019 19:41

Think I should take some profits in fmg....Momentous run but all. Good things mustCome to an end!!!

[arja] 14/2/2019 11:37

true foxy22. I could not have got it more wrong with S32 as sold early yesterdat at 203.8 as nervous ahead of results ! ( wry smile ) . I see FMG keeps motoring even though iron ore down . good luck

[foxy22] 14/2/2019 09:00

Fmg bhp and s32 keep going in ozFxpo not performing as well

[arja] 13/2/2019 14:52

only mining stock on my watchlist today which is in the red which is a little surprising after turnaround yesterday. But iron ore price slipped a bit more today but expect it to move higher again soon.

[arja] 12/2/2019 19:39

nice recovery by FXPO andc wish I had noticed it but focused on another stock. A bit of a mini one day reversal and augurs well for wednesday even though iton ore price fell which was unexpected

[thefartingcommie] 12/2/2019 17:00

hxxp://www.dce.com.cn/DCE/Products/Industrial/Iron%20Ore/index.html

[mark_jm] 12/2/2019 16:05

where is the best place to track the price of iron ore and pellet premiums without needing a paid subscription - anyone found a good source of info thats reasonably current?

[thefartingcommie] 12/2/2019 11:26

In addition, following material deleveraging achieved in the past three years thanks to sustained positive free cash flow generation, Ferrexpo exhibits low leverage and strong financial metrics for a B3 rating, as well as adequate liquidity.


indeed not...

[arja] 12/2/2019 11:06

thnks for that but hard to know if thatis really bearish.

[thefartingcommie] 12/2/2019 10:55

fyi


Ferrexpo Plc: Update Following Recent Change in Outlook
Rating Action: Moody's upgrades ratings of three non-financial corporates in Ukraine to B3
Announcement: Moody's: CIS companies' 2019 outlook is stable on continuing GDP growth and supportive oil prices

Announcement: Moody's announces completion of a periodic review of ratings of Ferrexpo plc
08 Feb 2019

London, 08 February 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Ferrexpo plc and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. The review did not involve a rating committee. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.

This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future. Credit ratings and outlook/review status cannot be changed in a portfolio review and hence are not impacted by this announcement. For any credit ratings referenced in this publication, please see the ratings tab on the issuer/entity page on www.moodys.com for the most updated credit rating action information and rating history.

Key rating considerations are summarized below.

Ferrexpo's rating is constrained by Ukraine's B3 foreign-currency bond country ceiling and Caa1 government bond rating, which reflects its exposure to the political, legal, fiscal and regulatory environment of Ukraine, where all of its processing and mining assets are located. However, despite its inherent exposure to the price volatility of iron ore and commodity cycle as well as some geographic and customer earnings concentration, Ferrexpo's business profile is underpinned by its competitive cost position, improving sales mix and strong relationships with blue chip clients. In addition, following material deleveraging achieved in the past three years thanks to sustained positive free cash flow generation, Ferrexpo exhibits low leverage and strong financial metrics for a B3 rating, as well as adequate liquidity.

This document summarizes Moody's view as of the publication date and will not be updated until the next periodic review announcement, which will incorporate material changes in credit circumstances (if any) during the intervening period.

The principal methodology used for this review was Mining published in September 2018. Please see the Rating Methodologies page on www.moodys.com for a copy of this methodology.

This publication does not announce a credit rating action. For any credit ratings referenced in this publication, please see the ratings tab on the issuer/entity page on www.moodys.com for the most updated credit rating action information and rating history.

Francois Lauras
VP - Senior Credit Officer
Corporate Finance Group
Moody's Investors Service Ltd.
One Canada Square
Canary Wharf
London E14 5FA
United Kingdom
JOURNALISTS: 44 20 7772 5456
Client Service: 44 20 7772 5454

[arja] 12/2/2019 10:41

yes, with some shares it pays to hold for a while and ride out the dips . I just trade in recent years , overnight or day trade , simply because I am not good at cutting losses and tend to hang on until the situation becomes untenable . I too only saw the headline about moodys review and must google it to get more info if any exists. good luck

[bellbottom] 12/2/2019 10:32

Hi Arja,

Haven't read the Moody's review. In any case, this traunch of shares I recently bought I'm holding onto for long term - ie, possibly 5 or 6 years, so mustn't look too closely or I may get tempted to sell - my previous attempts at trading have cost me. If I'd held onto my original holding instead of trading (way back at 33p a share) then I'd be in a better place now.
Any significant statements in the Moody's review?

BB

[arja] 12/2/2019 10:24

not sure whyafter reversal yesterday bellbottom. What about that Moodys review or do you expect it to be not as bad as market expects ? I am just watching share price carefully

[bellbottom] 12/2/2019 09:40

Was expecting this to take off today - but hey, only a blip on the way up.

BB

[arja] 11/2/2019 12:05

sorry, "review" .

[arja] 11/2/2019 11:47

what is happening today might be due to Moodtys revire of FXPO but that was on friday ? I just saw the headline but no content with it !

[arja] 11/2/2019 11:07

still time to perform foxy22. I got it wrong on S32 which is trading below aussie close ! ( smile )

[foxy22] 11/2/2019 09:59

Yes the shares price action is a bit perverse..seems to do opposite of what u would expect....a r j a

[arja] 11/2/2019 08:47

started slowly and then raced to 271 and now pulled back ! these mining stocks are unpredictable at times and it never pays to ASSume . Expect it will have a little run later .

[arja] 11/2/2019 07:50

morning foxy22,
yes, just noticed ironore up to 635 on ig markets platform and looks like FXPO just consolidated for some days and will take off today . good luck with it

[foxy22] 11/2/2019 05:56

Arja over 100 dalian iron ore futuresFmg was up over 3% fxpo should fly today

[foxy22] 08/2/2019 15:52

One other comment I think iron ore will hit 100$ plus....fxpo should hit 3 quid next week

[foxy22] 08/2/2019 15:50

Yes interesting insight re valeI think though Brazil gvt and bolsonaro may protect vale...like Australia it's their bread and butter...when I was in Brazil outside RioIn the countryside u see thousands of trucks on the road with their iron ore...