Ferrexpo Share Discussion Threads

[moneysage] 06/1/2020 14:33

"In the event of middle East war, oil and steel price will go up as making bombs may require a lot of steel" - our morals are twisted!

[carer] 06/1/2020 10:08

The fundamental is good for this one. The share price is much affected by sentiments, the fact that its operation in Ukrain and ex-ceo has some issues which may not be true, likely it is not true as the company is Swiss based. It should follow Swiss rules there.
In the event of middle East war, oil and steel price will go up as making bombs may require a lot of steel.

[thags] 03/1/2020 14:20

Neither can I BB. This is one thing I will never understand

[bellbottom] 03/1/2020 13:31

Shame to see share price dropping back today with iron ore price ticking upwards. May be the Trump effect? How to further destabilise the middle east in one easy action. Even Iraqis condemn latest air strike. Not a good start to 2020.

My expectations are to see fxpo share price rise erratically up until 10th January and on Monday 13th to drop back after dividend cut off date. But we are also due a trading update and 4Q production report about the same time, so could be interesting.

I also expect the complete opposite to happen as I still cannot fathom the workings of the stock market. But all that is short term. Mid to long term, this should fly.

BB

[its the oxman] 02/1/2020 23:09

Ridiculously cheap but that's the market. Bonkers. Enjoy the yield while you can I guess,

[bozzy_s] 02/1/2020 14:51

Upside potential still 100% plus from here. There are a couple of risks, but nothing that should cause these to be trading on a P/E of 4 and a divi yield of 12.5%.

[carer] 02/1/2020 13:25

Agreed that this is a potentially good stock which was impacted by some news, but fundamentally a good business paying a steady dividend. The Acting CEO will try to impress with some good works , possibly will replace the ex-CEO if he does well. Now demand for Iron will be up again after a trade war on hold . Upside potential is good for this one.

[bozzy_s] 02/1/2020 12:14

Right then, task for this week is to fully research swiss witholding tax and fill in any forms.

It looks like we can expect a minimum of 6.6c 'ordinary' final dividend, and more likely than not a 6.6c 'special' final dividend. Total 26.4c for the year. Which is exactly 20p at today's exchange rate.

12.5% yield at 160p.

It's still an absolute gift.

[crossing_the_rubicon] 02/1/2020 12:07

A nice surprise to kick off 2020 with for sure the "special"

:)

[oli12] 02/1/2020 08:09

Nice start to the New Year. This should be back over 200p in no time. Despite the geopolitical risks this is VERY cheap based on its ability to generate cash.

[podgyted] 02/1/2020 07:36

Even with the governance problems this seems a gift anywhere under £2 .... time will tell.

Iron ore started the new year well.

[tygarreg] 02/1/2020 07:15

Special dividend declared!! Hooray and up she rises!!!

[lew stules] 30/12/2019 16:13

I tend to do some technical analysis along with charts and this looks a very good opportunity, low P/E, low PEG, 20 day MA gone through 50 day MA.
There are no guarantees however and the owners credibility has taken a knock recently.
I hope back to £3.00 in 2020....

[bozzy_s] 28/12/2019 01:46

I don't do charts - they're no way to predict the future share price - but anyone who does would surely see FXPO's as a thing of beauty. To my amateur / unbelieving eye it says we're recovering, and there's a long way to go.

I prefer fundamentals to charts. And FXPO has become ridiculously cheap for non-operational reasons. A P/E of 3 to 4, dividend yielding somewhere around/above 10% (before swiss tax), an established profitable company which is among world leaders in its industry.

Seems an absolute gift. An ultra rare low-risk opportunity to make 100+ percent profit in a couple of years.

[thags] 27/12/2019 16:39

Typical tease then bomb. Hugely frustrating but at least its trending up overall

[nav_mike] 27/12/2019 14:16

Another attempt at breaching 158 is repulsed - trend is still up so hopefully will punch through and stay above shortly

[bellbottom] 27/12/2019 10:34

His net worth is somewhere in the region of 1 billion US. So either amount of $64 million or $284 million will make a large dent in his wallet but unlikely to sell any shares that would reduce his holding below 50%.
He has many other businesses he could sell if he really needed to money. I suspect Ferrexpo would be the very last option of a sell.

But will he pay up? And will he insist that all court proceedings are dropped and the warrant for his arrest cancelled as part of a bargaining plea? I suspect so. Then it will be back to business as usual. At least I sincerely hope so.

BB

[r9505571] 27/12/2019 10:24

He'll maybe have to sell a few shares to pay for that!

[bellbottom] 27/12/2019 10:03

The National Bank of Ukraine states that the total debt of Finance and Credit Bank to the NBU for all refinancing loans is UAH 6.6 billion or 283.7 million US dollars. Has been quoted previously as 6.75 billion hryvnia.





BB

[bellbottom] 27/12/2019 09:53

Court ruling has come into force for recovery of $64 million in respect of Finance and Credit Bank which was owned by the ex CEO. News story form late yesterday afternoon.



BB

[oli12] 23/12/2019 18:20

Thanks for posting that, a good summary of the current situation.

[bellbottom] 23/12/2019 16:35

Excellent article which goes into more detail than most news articles about the problems faced by the major shareholder and ex CEO.



BB

[bellbottom] 23/12/2019 16:29

Winner of the Lord Lucan Disappearing Act Award in the City Spy Awards 2019 from London's Evening Standard, is none other than Kostyantyn Zhevago.



BB

[thags] 20/12/2019 15:56

Usual tease and tank

[r9505571] 20/12/2019 15:52

Usual Friday tanking!