Ferrexpo Share Discussion Threads

[foxy22] 08/7/2019 16:42

A r j aFerrexpo should recover ....iron ore bouncing back

[arja] 08/7/2019 14:50

and iron ore recovering further with chart still showing a lovely uptrend . But FXPO does it's own thing and ignoring it !

[arja] 08/7/2019 07:17

little bounce in iron ore price overnight and maybe corection is over . China tried to talk it down but limited success it seems .

[maxsvo] 06/7/2019 20:23

Dmytro Khoroshun: We tentatively expect Ferrexpo’s 2019 production volume to be in line with the company’s guidance of 10.6 mmt (about 29.1 kt per day), flat yoy. Nevertheless, we note the opportunity for Ferrexpo to boost its sales and production volumes in 2019 because of the Vale mine disaster in Brazil.



We expect Ferrexpo’s 1H19 EBITDA to have reached USD 350-375 mln, or a 50-60% yoy jump.

[arja] 05/7/2019 11:56

foxy22 ,
I have just been looking closely at iron ore price chart and still has a nice uptrend line and maybe a fall to about 760 from 780 at present is what could happen before it turns northwards agaan. Of course something unexpected could derail that . have a good weekend sport !

[foxy22] 05/7/2019 11:41

Iron ore price could correct

[napoleon 14th] 05/7/2019 11:27

I like the reduction in debt by c. 20%, steady production & high pellet prices. Projected ebitda could wipe out borrowings in next 6 months, which shows the Bloomin' story to be a distraction - the new auditors should put the lid on that.

Unless things change, why sell?

[foxy22] 05/7/2019 10:08

A r j a yes but I think today the iron ore price is having an effect on share price dropThe Chinese are investigating iron ore price surge deeming it manipulation...look at fmg Correction last night

[overeager] 05/7/2019 09:43

Looks like Maxsvo was pretty on the money with his estimate of a full year EBITDA of $700-$800M.
Without any of the dirty laundry reputation I would see this at a share price of nearer £5. I'm still hoping for a move up to closer to £4 once any profit taking has flushed through.

[arja] 05/7/2019 09:13

i suppose that land scandal foxy22 referred to above might still have a lingering effect on the share price bellbottom

[bellbottom] 05/7/2019 08:36

Yes, agree re profit taking. Figures healthy. The knowns great. The unknowns with Ferrexpo can and do kick in every now and again, but otherwise can't see anything but general uptrend. Unless iron ore does take a tumble then this is only a blip before the next surge upwards. Let's hope there's no more dirty laundry to be aired in the near future.

Looks like a good buying opportunity.

BB

[arja] 05/7/2019 07:46

nothing wrong with results but iron ore price tumble might have an effect although iron ore
chart remains in uptrend and probably just profit taking .

[wfb1] 04/7/2019 09:48

Yes H2 tomorrow and half year results August. Like you I can only think this is still undervalued due to sentiment resulting from Blooming Land and expect this share to rocket soon given the iron ore situation. Brokers will soon start upping their valuations especially come August

[bellbottom] 04/7/2019 09:07

Ferrexpo appoint new auditor - which is welcome news - no less than Baker Tilly.



Are we not due a 2nd quarter production report tomorrow? Given the rises in iron ore price, are we still seeing the hangover from Blooming Land still holding this share back from a serious climb north?

FXPO now 100% owner of PGOK, having bought out minor shareholders. And recently they bought another 400 gondola cars, bringing their total to 2,600 cars, which signifies an intention for increased pellet output, possibly up by 15% using simple maths.

But given all the above, I am not clear whether we will see further minor falls tomorrow, or indeed a rise in double figures, even if report is substantially positive, which is what I would expect.

BB

[arja] 03/7/2019 13:22

fair enough and more exciting shares around I guess or better recovery situations . good luck

[mwainw1973] 03/7/2019 11:46

To be fair it could but I didn't want to hang around for an extra 10%, happy with my return and had other investments in mind GL

[arja] 03/7/2019 11:44

great breakout early on but then the inevitable pullbck . Not convinced it has peaked yet and might see 300 in next few weeks or months .

[mwainw1973] 03/7/2019 08:10

Got my 280 and 25% out now think this has peaked GLA

[arja] 02/7/2019 13:40

foxy22,
missed a good chance of a trade today when it fell back early on- dam it ! ( smile ) . was watching another stock and not focused on FXPO .

[sarahbudd] 02/7/2019 13:16

Equates to 0.0328p after withholding tax etc

[foxy22] 02/7/2019 12:00

How much....not received yetWhy is this not over 3.00 iron ore on a tearAnd good results

[sarahbudd] 02/7/2019 11:16

Well I've had payments yesterday in all three accounts!

[maxsvo] 02/7/2019 09:43

British Ferrexpo plc, which controls in Ukraine, in particular, Poltava and Eristovsky mining and processing plants (PGOK and EGOK), according to preliminary data, in January-May 2019 increased the production of commercial pellets by 6.4% compared to the same period in 2018 - up to 4.186 million tons. As the representative of the company told Interfax-Ukraine agency, during this period the production of concentrate increased by 6.9% - to 5.468 million tons. In May, the company produced 967 thousand tons of pellets, 1.183 million tons of concentrate. As reported, in 2018, Ferrexpo increased the total production of pellets by 1.6% compared with 2017 - up to 10 million 607.16 thousand tons
hxxp://www.fixygen.ua/news/20190701/ferrexpo-narastila.html

[its the oxman] 02/7/2019 08:51

Should be over 300p given the ore price. May be the market wants to see the hard figures first.

[arja] 02/7/2019 08:12

foxy22,
you are are right and it must be the land problem holding it back as iron ore price
moved higher again and seems to have more in it . I expected FXPO tol at least a few cents today !