Ferrexpo Share Discussion Threads

[g2theary] 02/5/2019 08:06

Here we go ... back in under 200

[1corrado] 02/5/2019 06:17

Will be back below 200p or there about.Yesterday the increase on the share price of 9.3% was not justified specially with ex-dividend today as many investors may think is a 6p per share when in fact is minus 30 to 35% less ,Swiss tax.

[g2theary] 01/5/2019 18:33

I'll buy back if they hit 200 again but I feel these could be strong through the week all depends on the overall market... shorts closed today on the Librium upgrade and more buys on that basis... it does give a good read... IMO the overall markets seem ludicrously high but like always they will keep going up and up as greed takes over before history repeats itself :)

[ldrcvm] 01/5/2019 18:28

Yes div is 6.6 cents not p. So about 3.3p after 35% swiss tax

[1corrado] 01/5/2019 17:31

correct so I was right to sell at 225p.

[tygarreg] 01/5/2019 17:29

And you would only get 4 of that 6p as Swiss tax would gobble up a third!

[1corrado] 01/5/2019 16:43

sold all at 225p for the dividend of 6p no thanks as tomorrow they will well go down not by 6p per perhaps as much 12 to 15p then i will buy again.

[g2theary] 01/5/2019 16:37

He who dares wins ey... any below the 200 :) I'm mostly out now 197-127 kept all my profits in shares for the dividend. GLA

[its the oxman] 01/5/2019 16:36

Could we even see a test of 250p near term, some considerable chart resistance above that, but given trading is unaffected and iron ore price is holding steady a rapid rise back to previous levels could certainly be argued for. Not the total bargain it was at 200p but still very cheap.

[arja] 01/5/2019 15:51

wow, rocketing today as most mining stocks hit again !

[its the oxman] 01/5/2019 15:40

Think div is us$ but shares will probably get marked down 6p.

[g2theary] 01/5/2019 14:43

Dividend 6p tomorrow if I'm not mistaken

[bellbottom] 01/5/2019 14:04

Rubicon, I do hope you are correct in your assumption regarding it just being a 'molehill.' Obviously there is something wrong with the figures. If it cannot be easily explained by either Ferrexpo's own investigations or Deloitte's auditing process, then foul play is the only likely answer. I just hope that any misappropriation of funds was the responsibility of individuals at Blooming Land. That's what it is increasing looking like. As you say operations running well. Long term, this is a steal. Holidays enjoy. BB

[crossing_the_rubicon] 01/5/2019 12:13

@Botty "one of the directors who resigned used to be a partner at Deloitte" Indeed. This is the intriguing angle. Just how much info leakage might there have been. I suspect little. Personally feel this "charitable contribution" fiasco is just a molehill. Underlying operations running well and this is just a PC distraction. May is here. Holiday time. :)

[bellbottom] 01/5/2019 11:42

Hi Rubicon, No evidence, you're right. Coincidence? Or maybe there is more news to follow that not so far in the public domain? I certainly hope not. Obviously I have no way of knowing what goes on inside the company but one of the directors who resigned used to be a partner at Deloitte. I wonder what conversations occurred at Ferrexpo, prior to Deloitte resignation? All water under the bridge now of course, assuming that no more bad news on the horizon. BB

[g2theary] 01/5/2019 08:12

3rd day lucky 220 :D

[g2theary] 30/4/2019 12:02

I did say 220 yesterday but I'm extreMly confident today.. I picked a few more up at 200 this morning ... dividend due Thursday :)

[crossing_the_rubicon] 30/4/2019 11:09

"bellbottom30 Apr '19 - 10:06 - 6088 of 6091 0 0 0 Re Jim North and Lotus. 192.6p was the bottom - big difference between 192.6 and 268p that Mawe sold at. As somebody else said on here, happens all the time - it's a perk of the job to know what's coming and to take suitable action to maximise profits." That would be blatant "Insider Dealing" Have you reported Mawe to FCA et al for that then?

[its the oxman] 30/4/2019 10:47

Agree 250p very achievable with some self help re new auditors directors , and if iron ore stays strong H1 results could drive it even higher. Patience required meantime with ups and downs to come.

[g2theary] 30/4/2019 10:46

Another little gem in every sense at the min is PDL I feel that has finally bottomed out. Debt high but cash generative again. With some over 100ct diamonds found. Obviously off topic on FXPO but still in the mining sector :)

[g2theary] 30/4/2019 10:36

Well there were some that sold at 300p usually at milestone £1 £10 mark they can be hard to cross. It's only short term these things matter. If you believe in the fundamentals of the business these are buying opportunities. I myself look to trade these relatively short and keep profits in for yields. These is no reason these shouldn't recover obviously any shock like Friday always forces the price down to a level below value. I'm just glad I didn't buy on the first intra dip on Friday and bought on the second. Below 250 these look well priced IMO I'm looking for a dividend and sell at the 250p mark :)