Ferrexpo Share Discussion Threads

[foxy22] 12/4/2019 11:02

Well u are optimisticBrokers yes well they have their own motivesLook at gs downgrade on glen...I think they want to keep a secret do they can get share cheap...Fmg an oz iron ore share has done 84% this yearFxpo underperforming

[bellbottom] 12/4/2019 10:58

Hi Foxy22,

I've never found the broker's predictions to be very useful. When fxpo climbed from 16p up to over 300p, most predictions were for around 80p or 160p or thereabouts - but if we were to assume the same underestimation of brokers today, then we should see £4 or £5 maybe?!
I'm hoping for over £6 within next few years in any case.

BB

[foxy22] 12/4/2019 09:06

BellbottomBarclays raises fxpo to 3.50

[foxy22] 10/4/2019 11:26

This is undervalued...of bloominglamd can be resolved thisShould fly to 400 Its alltime high was 499But i/o price was140$ Howeverismt vale top pellet producerAnd with supply constraints now

[grechen] 10/4/2019 11:12

£4 soon?

[bellbottom] 10/4/2019 11:03

Tah Dah!!!! Yes, over £3, mainly on the back of iron ore prices as has been noted. We just need to have the Blooming Land issue pushed into touch and results finally issued - due in next couple of weeks.

BB

[foxy22] 10/4/2019 11:01

What is your target price for fxpo

[foxy22] 10/4/2019 10:52

We got break of 300How high can we go now....iron ore And pellet prices on a roll!!!

[foxy22] 10/4/2019 09:25

Lets make 3.00 today

[its the oxman] 09/4/2019 04:10

With iron ore on the up so is fxpo. Break of 300p soon.

[foxy22] 08/4/2019 15:52

Citi says chase iron ore rally to 100 dollars unlike gs last week who said sell into it.....

[grechen] 07/4/2019 12:30

So distracted by delayed y/e figures had completely overlooked Q1 figures due.

Output of 2.539m tons just about the same as 1st Qtr 2018.Iron ore price 12 months earlier though was mid $60's.

So,for arguments sake,lets say they got $25 per ton more this year than last.....that amounts to an increase in income for the Qtr. of around $63.5m.That would be a hefty chunk to pay off some of their debt.(unless of course they give a big chunk of it to the Swiss authorities by giving us a special divi.)

£3 soon!

[portugull] 03/4/2019 22:40

Swiss Withholding Tax is 35%.

[mark_jm] 03/4/2019 21:07

fxpo reaping profits from iron ore price inflation, no doubt will fund another extraordinary dividend, just for the swiss tax authorities to grab 40% of it, we should lobby to get this re domiciled to the UK, why is it in Switzerland anyway?

[its the oxman] 03/4/2019 16:52

Break of 300p coming

[foxy22] 03/4/2019 10:14

Fmg Rio bhp....unstoppableIron ore price....fxpo following

[bellbottom] 03/4/2019 09:15

I see the climb back to (hopefully) £3 ps is linked very much to the increase in iron ore pricing.

And FY2018 results were originally meant to be delayed until 3rd April after the Blooming Land affair, but now delayed until 25th April to give more time to get to the bottom of financial discrepancies. Further delay, announced on the 1st April, doesn't seem to have had any impact on share price rise. I see that as a good sign.

BB

[grechen] 03/4/2019 09:14

All the cards seem to be stacked FXPO's favour at the moment.
Huge loss of production of iron ore from Vale,BHP and RIO combined with Chinese futures ripping higher are pushing iron ore towards the $100 mark.

£3 soon Bel?

[portugull] 01/4/2019 17:27

Thank you SarahBudd and bellbottom for your replies.
My problem seems to be that ALL my dividends with Hargreaves Lansdown go to my ISA or my Sipp or my Sipp Drawdown.
HL did provide Tax Vouchers but I have to submit the claim and to do so need my Tax Office in UK to confirm I am a UK Resident which I am.(CoR)
As you say Sarah if I had the shares in a Fund & Share A/C and was therefore subject to UK Tax on all the income then I could make a claim otherwise not.

[bellbottom] 01/4/2019 16:46

Hi Mark,

Two things - Hadn't realised the govt had cut the tax free allowance on dividends for 2018/19, to £2k - 2017/18 was £5k. Missed that one!

And of course it's your total dividends on all shares that is counted for tax purposes, unless protected in a stocks and shares ISA.

I previously looked into applying for rebate through Swiss Witholding Tax but all the forms put me off. As noted by myself and others, SIPP providers won't apply on your behalf. Sorry to hear you did all the form filling but didn't even get a response.

BB

[mark_jm] 01/4/2019 16:26

BELLBOTTOM, Does your explanation assume the individual concrened has no other no other UK dividends from other companies, or is the 5k a per share owned allowance.

I did loads of work one year and sent of the swiss forms, didnt even so much as get an acknowledgement never mind a cheque

[bellbottom] 01/4/2019 14:22

Hi Sarah,

Re: SWT - Hargreaves Lansdown won't claim on your behalf - too much admin involved.

BB

[foxy22] 01/4/2019 13:56

Did u see fmg....fxpo following back up in its path......

[sarahbudd] 01/4/2019 13:25

Yes agree, I think they're very much worth holding regardless ... but this is irrelevant for shares in ISAs and SIPPs which is unfortunate. Haven't heard of any providers prepared to reclaim tax for their clients from these accounts