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FXPO Ferrexpo Plc

43.66
0.42 (0.97%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ferrexpo Plc LSE:FXPO London Ordinary Share GB00B1XH2C03 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.42 0.97% 43.66 43.84 43.90 44.90 43.30 43.30 1,804,499 16:35:11
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Iron Ores 1.25B 220M 0.3678 1.19 261.86M
Ferrexpo Plc is listed in the Iron Ores sector of the London Stock Exchange with ticker FXPO. The last closing price for Ferrexpo was 43.24p. Over the last year, Ferrexpo shares have traded in a share price range of 42.90p to 121.70p.

Ferrexpo currently has 598,137,142 shares in issue. The market capitalisation of Ferrexpo is £261.86 million. Ferrexpo has a price to earnings ratio (PE ratio) of 1.19.

Ferrexpo Share Discussion Threads

Showing 7376 to 7399 of 13575 messages
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DateSubjectAuthorDiscuss
15/11/2019
16:40
I'm down by loads still but holding long term. Just need the sellers and shorts out of the way then build some momentum hopefully
thags
15/11/2019
16:19
Strong finish. £60 made this week :)
r9505571
15/11/2019
11:35
I also believe the Swiss witholding tax is being revamped very soon by the Swiss govt. Though exactly how it would effect UK holders seems confusing. Anyone understand?
wallywoo
15/11/2019
10:31
Re the tax..my account holder suggested I contacted the Swiss tax authorities to recover the witholding tax. Seemed more trouble than it was worth. Has anyone done this or recovered the 4/7ths by filling in a form? I'm sure some places are better than others at pointing you in the right direction.
meijiman
15/11/2019
10:11
Seven former bankers detained in Ukraine over suspicion of embezzling $49 million.
Ferrexpo CEO Zhevago is suspected of embezzling $100 million. He gets a mention at the end of the above article.

I suspect he is holed up in his London apartment trying to negotiate a deal with the Ukrainian government. Or if he is entirely innocent, which we mustn't rule out as a real possibility, then his lawyers should be working flat out providing proof so that we can move on from this sorry affair and see Ferrexpo expand and its share price double from where we are at the moment.



BB

bellbottom
15/11/2019
09:49
"Qualifying UK resident shareholders will be able to claim back 4/7ths of the 35 per cent Swiss Withholding Tax, leaving a net tax cost of 15 per cent of the taxation levied by the Swiss authorities"
theprovosts
15/11/2019
08:13
Could I point out that the Dividend yields quoted by some do not take account of the fact that Swiss Authorities take 35% in Withholding Tax.
portugull
14/11/2019
20:28
Sharecast News) - Ferrexpo has appointed Roman Palyvoda as acting chief financial officer with immediate effect.Palyvoda replaces Chris Mawe, who took on the role on an interim basis last month after Kostyantin Zhevago temporarily stepped aside to focus on resolving matters related to his former businesses in Ukraine.Palyvoda, a Ukrainian national, joined Ferrexpo in September 2008 as the group management accountant. Previously, he worked at Renault for more than five years, latterly as the financial controller for Russia, Ukraine and the Commonwealth of Independent States.Mawe said: "I'm delighted Roman has agreed to take on this role which is a natural fit given his extensive financial experience within the group and his role in the finance team."At 1030 GMT, the shares were down 1.5% at 128.05p.
beerboy2
14/11/2019
19:28
the gov is skint and does not have the brain power to nationalise the company then run it. a manipulation by the courts could try to change ownership to a favoured oligarch, kolomoskyj is the presidents favourite, only a few days ago he said that the country should look towards russia for closer ties and not EU
bo90
14/11/2019
15:39
The Ukraine gov are not going to take well run companies into public hands.

They have a remit to cut debt and looking to do the exact opposite:

wallywoo
14/11/2019
07:17
what would happen then - if FXPO is taken by the government?
darius12
13/11/2019
22:41
Looks even better value 24 hours later!

7.91% yield if FY divi unchanged

11.85% yield if FY divi is doubled, in line with interim divi

P/E ratio of 2.18 if H2 EPS is same as previous year


Re debt darius12, have a read through their FY 2018 results:



And their 2019 H1 results:




Check out the latest balance sheet as of 30-6-19 in the H1 results. And it's worth taking a couple of hours to read all the commentary in both.

I'd say the biggest risk is jurisdiction. Operating solely in Ukraine while there are sweeping political changes - including FXPO's boss being chased by the new government.

It seems the company itself is an excellent money-making machine. By paying decent dividends it makes itself far more attractive to investors. And the high yield mitigates the jurisdiction risk somewhat.

And it appears they are trying to expand. Investing money to increase annual pellet production.

If that were to plateau in a few years - no new capital expenditure - just a cash cow. The company could in theory pay off its remaining debt, and pay out most of its annual earnings in dividends.

Imagine if they do increase output, earning 80p per share, and paying a divi of 50p.

Yes it's uber-positive, pie in the sky stuff. FXPO might be targeted and taken by the new government.

bozzy_s
13/11/2019
22:41
// duplicate post //
bozzy_s
13/11/2019
14:48
BUT what are the RISKS here? What are the risks that the Ukrainian government say confiscates the assets to compensate for our CEO mishaps? Or sue FXPO and ask for $$$ for the mishaps of our CEO!? Could that happen? What amounts are we talking about?
darius12
13/11/2019
14:31
yes sorry I just read it - sorry missed it - and I also checked the trading update statement now - but i do have some more questions i'm wondering which I've added:

Is that the whole debt?

Also, what are the risks that the Ukrainian government says confiscates the assets to compensate for our CEO mishaps? Or sue FXPO and ask for $$$ for the mishaps of our CEO. Could that happen? What amounts are we talking about?

darius12
13/11/2019
14:28
darius12...you asked the same question yesterday, and WallyWoo gave you an answer ??
wanttowin
13/11/2019
14:23
does this company have any debt to service? Or rather how much debt does it have? just trying to weight the ups and risks of getting involved in a distressed stock.

On 02 August 2019 I see
Net debt reduced to US$282 million (31 December 2018: US$339 million)

Is that the whole debt?

darius12
13/11/2019
13:22
volsung30 Oct '19 - 08:57 - 6506 of 6629 0 0 0
Might get my 124p today alamaison

Indeed my Dear, indeed!

alamaison5
13/11/2019
11:25
Yes Jitters! In today on the dip and out 2 Moro on the bounce!
r9505571
13/11/2019
11:01
Turning in to a day traders dream
jitters3
13/11/2019
10:58
Effin crazy....yesterday so strong, now we get this :(
nav_mike
13/11/2019
09:01
You were saying lol?
yaszq2001
13/11/2019
03:59
Looks like a recovery is well underway. No longer a falling knife. Company doing what it can to improve market sentiment including Zhevago stepping aside

Total annual dividend of 13.2 cents / 10.28p means a yield of 7.6% at 136p

That's with zero special divi, and unchanged final divi

Interim divi increased 100%. If final divi also doubles, it's 19.8c total / 15.41p / 11.3%

Interim EPS 45.8c vs 25.8c in 2018

If 2nd half EPS is same as 2018 30.9c, makes a total of 76.7c for FY 2019, 59.7p, meaning FXPO is trading on a P/E of 2.28

Even taking into account a worldwide economic slowdown, these look exceptionally good value. Still cheap if they doubled from here, trading on a P/E under 5 and yielding between 3.8 and 5.7%

I expect to see 150p+ sometime in 2019, and 250p+ in 2020

bozzy_s
12/11/2019
22:49
Lovely day
costax1654x
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