Ferrexpo Share Discussion Threads

[its the oxman] 26/4/2019 09:38

Will be interesting too see what the co says in due course and if they can find a replacement auditor.

[foxy22] 26/4/2019 09:36

Another piece just out in Bloomberg

[crossing_the_rubicon] 26/4/2019 09:24

Here's more today " Deloitte resigns as Ferrexpo auditor amid charity links stand off Shares in Ukraine-focused miner plummet as clash escalates over chief’s connections" hTTps://www.ft.com/content/8da78b0c-67f4-11e9-a79d-04f350474d62

[bellbottom] 26/4/2019 09:21

The FXPO board have unanimously backed Zhevago, stating no connection between CEO and Blooming Land. Have they all been duped or are they in the know but presenting a united front? Let's hope that the fault lies squarely with the directors at BL and Zhevago is in the clear. I believe him to be an honest and upstanding person. But even persons of that general standing can be pushed into a corner where they make one wrong decision in order to dig themselves out of a situation. It's entirely possible that is the case but I pray that BL are the ultimate culprits or instead it's a simple matter of human error discrepancies. In any case, profits wiped out and now in big area of red. Never a dull moment with fxpo. We just have to remember that despite all this, they are a top notch iron ore manufacturer and supplier and will bounce right back.....eventually. BB

[arja] 26/4/2019 09:20

yes, and a lot of corruption in Ukraine and it is why the comedian became President . I see FXPO starting to recover and hopefully bounces further on short covering foxy22 .

[crossing_the_rubicon] 26/4/2019 09:19

Tsmith2 "The auditor doesnt just resign like that" From 23rd April Here is why they did. Ferrexpo clashes with auditor over chief executive charity links Deloitte identifies ‘potential associations’ connecting mining boss to Blooming Land hTTps://www.ft.com/content/3eef0bbe-65ad-11e9-9adc-98bf1d35a056

[foxy22] 26/4/2019 09:11

Ukrainian mafia one should have knownNo oligarch...

[arja] 26/4/2019 09:07

foxy22, that is a shame and normally best to sell half whwen in profit under BHR policy . Could well bounce later today and maybe think about selling half or some at that point . I know from bitter experience how hard it is to do from emotional viewpoint . good luck whatever you decide .

[foxy22] 26/4/2019 09:05

I hope new regime doesn't try and bring him to book....he sounds like a smooth operator...using charities for personal objectives not onI hope this is not a car wash/Gupta/IMDb type mess...what are u doing....

[its the oxman] 26/4/2019 08:57

Added a few here.

[foxy22] 26/4/2019 08:48

Tygarreg...are u in still

[foxy22] 26/4/2019 08:46

I think Cs knew when raising price target.....disgusting

[foxy22] 26/4/2019 08:44

New pres wants to stamp out corruptionManagement was so blasé at q and a when asked about blooming land...seems like it was a funnel for money laundering....

[scoble2] 26/4/2019 08:44

This will go down well below 200p be careful.

[foxy22] 26/4/2019 08:41

A r j a I'm not sureBeing investigated by new Ukraine got and now auditors resign-20 per centI feel gutted all profits this year gone

[arja] 26/4/2019 08:39

if anything similar to what used to happen in oz, brokers recommend a stock as they want to exit and need buyers . I reacll getting hit and remembering a hard lesson !

[tygarreg] 26/4/2019 08:36

Now down 20%!!!

[tygarreg] 26/4/2019 08:34

Shame credit Suisse didn't know about this yesterday when they raised their rating to 3.26gbp. Or did they?

[tygarreg] 26/4/2019 08:32

My guess is that auditors refused to sign off the accounts?

[tygarreg] 26/4/2019 08:30

Never ceases to come up with something weird. Bank balance went AWOL two years ago, now bungs to charities, auditors resigning. Who is behind this company? Ukraine mafia?

[tsmith2] 26/4/2019 08:27

the auditor normally just doesn't resign like that

[foxy22] 26/4/2019 08:08

Off 8% aish teaches one not to leave profits in the tableDeloiite doesnt like blooming landLaundering??!

[thefartingcommie] 26/4/2019 07:11

https://www.investegate.co.uk/ferrexpo-plc--fxpo-/rns/resignation-of-auditor/201904260700102131X/ FERREXPO plc ("Ferrexpo", the "Company" or the "Group") Resignation of Auditor Ferrexpo announces that its auditor, Deloitte LLP, has informed the Company that it has resigned from its office as statutory auditor with immediate effect. The Company will make further announcements in due course.

[grechen] 25/4/2019 12:29

Credit Suisse today reaffirms its outperform investment rating on Ferrexpo PLC (LON:FXPO) and raised its price target to 325p (from 260p).