Ferrexpo Share Discussion Threads

[thomstar] 27/11/2019 09:04

E I e I e I o, up the ftse here we go

[foxy22] 27/11/2019 08:49

I'm wondering that too

[r9505571] 27/11/2019 08:48

Are we gonna break and hold above that magical 150p barrier?

[r9505571] 26/11/2019 19:19

An investor must be on the company's books as a shareholder to receive a dividend. Once the company sets the record date, the ex-dividend date is set. The ex-dividend date for stocks is usually set one business day before the record date. An investor who purchased shares before the ex-dividend date will get the upcoming dividend. If a purchase took place on or after the ex-dividend date, then the seller gets the dividend.

[r9505571] 26/11/2019 19:16

Been trading for 27 years. Much work still to be done! :)

[kenmitch] 26/11/2019 09:59

No! For ANY share investors can buy the day before a share goes ex dividend and they will then get the next dividend. What’s more they can sell the following day and still get the dividend. Surprised anyone posting about a share doesn’t already know that!

[r9505571] 26/11/2019 09:50

Yes FXPO should track the iron ore price higher. If they could ever get their finger out and improve their handling facilities they should ship a lot more ore. In this for the long haul. Do you have to hold this stock for 60days to qualify for any dividends?

[oli12] 26/11/2019 07:22

In the event Zhevago wanted out, I am sure Glencore would love to buy Ferrexpo -
even at £5 per share this would be cheap. I wonder if he’s ever considered cutting and running.

[napoleon 14th] 25/11/2019 12:41

arja - agreed, bought more this a.m.
Needs to get thru' 150p glass ceiling.
Then T = c. 200p IMO

[arja] 25/11/2019 08:22

chartwise FXPO now looks quite good and should recover further . But still really only for traders as are most mining stocks

[r9505571] 22/11/2019 15:30

Could this hit the lofty heights of 300p? Any broker ratings lately?

[foxy22] 22/11/2019 08:31

Yes I think it's back on the up!

[oli12] 21/11/2019 17:05

She’s held firm the last few days, could be a sign the tide is turning here.

[oli12] 21/11/2019 10:59

Iron ore prices moving back up - the 64% content attracting a nice premium over the headline 62% price.

[wallywoo] 21/11/2019 07:57

Hi Gwill, yes it is as clear as mud currently. Everything I read is that the Swiss have a broad definition of debt, including dividends for witholding tax, (and it that is changing for foreign investors from 1/1/20). But as I say not 100% sure

[gwillerz78] 20/11/2019 20:13

Wallywoo. Just done some reading up on this. Think the wht change only applies to wht on interest from bonds rather than wht on dividends. Hope I'm wrong but I don't think I am

[tygarreg] 20/11/2019 13:35

So that means a 35% increase in our net dividends. That's very significant!

[wallywoo] 20/11/2019 13:05

I believe that the reform of the Swiss Tax system is that from 1/1/20 there will be no withholding tax on dividends for foreign investors. This has been a draft bill for a while but approved in the last few days:



Not 100% sure, but I think that's the case. I am sure FXPO will highlight this fact once a divi is announced since it makes their shares more attractive imo

[tygarreg] 20/11/2019 11:02

Any idea from who and how we can get back swiss tax. I have held these for years and never bothered. Could have built up a few bob I guess!

[bozzy_s] 20/11/2019 01:29

Good to see momentum carrying on. These look ridiculously cheap on all metrics.

On 2nd August FXPO announced interim results:

Revenue +28% at $787m

Pre-tax profit +77% at $317m

Post-tax profit +78% at $270m

Interim dividend +100% at $0.066

Net debt -24% at $282m

Net asset value +26% at $1,091m


Superb results. Absolutely brilliant numbers. An established company growing at that rate - outstanding. And the increase in NAV / reduction in debt was after paying divis of 13.2c in May.

The shares traded between 240p and 252p on 2nd August.

For mostly non-operational, non-financial reasons they then crashed to 120p on 31st October. And today at 142p they're almost as daftly priced.

Yes Q3 2019 production was significantly down v Q2 2019, and slightly down v Q3 2018. But the share price over-reaction was due to Zhevago being chased.


Thanks for the note re. Swiss Withholding Tax on dividends. Decided to do some research. Googled "reclaim swiss dividend withholding tax uk" and a Ferrexpo statement was in the top 3 results.

"Qualifying UK resident shareholders will be able to claim back 4/7ths of the 35 per cent Swiss Withholding Tax"

So I'll adjust dividend yield to take that 15% tax into account. And update for today's share price / exchange rate.

If H2 dividend is unchanged, total of 13.2c = 10.22p. Minus 15% = 8.68p = 6.12%

If H2 dividend is doubled, same as H1, 19.8c -----------"------------ = 9.17%


And trading on a 2018 P/E of 3.2. 2019 looks to have been more profitable, so today we're at less than 3 times 2019 earnings.

[professor x] 19/11/2019 17:01

Are you holding BBD?

[bigbigdave] 19/11/2019 16:50

Closing breakout over 140p, bodes very well imo.