Ferrexpo Share Discussion Threads

[alamaison5] 29/10/2019 07:47

volsung28 Oct '19 - 14:42 - 6499 of 6502 0 0 0
Looking to buy my next tranche at 124p

You've missed it by close to 4p or 3%
Shame really.

[alamaison5] 29/10/2019 07:45

In yesterday on the low.
150p, first target.

[arja] 28/10/2019 18:20

johnhenning ,
thanks for input and you make good points .Good luck with it . I tend to trade or hold for a short period using the charts and wait for an opportunity with FXPO.

[johnhemming] 28/10/2019 15:41

There is some useful research information on this thread (as well as the Buffett quotation).

[volsung] 28/10/2019 14:42

Looking to buy my next tranche at 124p

[oli12] 28/10/2019 14:36

What did Buffett say ....

"The stock market is a device for transferring money from the impatient to the patient."

Buy and come back in a few months - we will have either been nationalized or be over £2.

[costax1654x] 28/10/2019 14:20

Ffs...118 next

[alamaison5] 28/10/2019 13:17

Iron Ore increased 14 USD/MT or 19.58% since the beginning of 2019, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Iron Ore reached an all time high of 200 in November of 2007 and a record low of 39 in December of 2015.

hxxps://tradingeconomics.com/commodity/iron-ore

[johnhemming] 28/10/2019 11:56

I think the accounts are relatively simple unlike Carillion. Furthermore it is obvious that they have been making quite a bit of cash and using it to pay off debt.

I don't think the auditors would fail to spot errors in this. Hence although I would not be surprised to see the price drop from now onwards I am happy to hold. However, i tend to be a contrarian, but that has served me well over time.

Issues that matter a lot to the company are things like the Iron ore price and the level of water in the Danube.

[arja] 28/10/2019 11:52

johnhemming ,
but I wonder if cash etc is real or whether one can rely on accounts and a lot can happen date accounts signed off by auditors and present date . I guess that is fairly rare but any rally in share price seems to attract sellers .

[meijiman] 28/10/2019 10:50

Absolutely. Might sound odd to say but I believe the corporate governance of this company is good.

[johnhemming] 28/10/2019 10:20

They may not need to take additional steps. The basic question is whether the company will be hit by whatever the truth turns out to be in respect of the various things (Blooming Land, various allegations etc). In the end one has to assume that the iron ore itself is real, the cash in the bank is real and there are no material concealed liabilities for the business.

[oli12] 28/10/2019 09:23

I guess the market sees it as window dressing - i guess it is. Least it acknowledges the fact that the company has at done something to try and stop the rot. Question is what additional steps will they take.

[johnhemming] 28/10/2019 09:07

Its good practice to step aside as he is putting the interests of the company first.

[oli12] 28/10/2019 08:11

You can look at it either way however it has to help market sentiment here IMO - the problem has been removed albeit temporarily. The fact he’s still the largest shareholder won’t change overnight.

[purplepelmets] 28/10/2019 07:16

stepped aside "temporarily" and still has a huge stake in FXPO. I would imagine this is bad news in that the previous stance was that he had nothing to do with the embezzlement/corruption, so why does he stand aside if he did nowt wrong?

[oli12] 28/10/2019 07:04

(RNS) He’s stepped aside, that should help the share price - happy to be IN

[thags] 25/10/2019 16:54

A small bounce but a bounce nonetheless. Let's hope it continues...

[oli12] 25/10/2019 10:04

Will bounce eventually as the underlying business is strong. Yes it could go lower however you will never find the bottom. Could the company announce a big share buy back, I am normally not a fan however in this case it would be money well spent vs a special dividend.

[rumobejo] 25/10/2019 09:38

there is a fat seller feeding the market, so wait and you can have it at 99p or less.

[arja] 24/10/2019 18:42

sadly it seems that any rally is sold into and again it has finished below 130 at 129.35p.

[thags] 24/10/2019 16:53

Crazy how a cloud over one person has a huge impact on the shares

[maxsvo] 24/10/2019 16:15

If it weren’t for the CEO’s problems, it would now cost 260-270 pence

[swinsco] 24/10/2019 16:02

I had been tempted to buy here, but until this CEO business is sorted, I'll wait and watch.