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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
  2.40 0.73% 331.60 330.40 331.20 341.60 322.00 327.00 1,381,133 16:35:19
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Metals 1,136.1 346.5 51.7 6.7 2,036

Ferrexpo Share Discussion Threads

Showing 7701 to 7723 of 9025 messages
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DateSubjectAuthorDiscuss
06/3/2020
16:28
Is Ukraine moving away from western influence and moving closer to Russia, partly in order to achieve a deal in the Donbas region? Kolomoisky obviously happy to influence this path to give him a greater chance of winning back Privatbank, which would be less likely with the IMF onboard. Looks like structural reforms and prosecuting corrupt oligarchs may have to take a back seat. Https://concorde.ua/rs/daily/item_75917/ Have a nice weekend. Maybe next week will see some improvement. Don't hold your breath! BB
bellbottom
06/3/2020
11:37
This Washington Post article sums up the situation in Ukraine pretty well. Https://www.washingtonpost.com/world/europe/ukraines-zelensky-wants-to-end-oligarchs-grip-but-at-least-one-was-once-a-pal/2020/02/09/b8d06922-3709-11ea-a1ff-c48c1d59a4a1_story.html For those interested, the ongoing Court proceedings regarding Privatbank, will have a huge influence on the future of Ukraine, its relationship with the West and its financing by the IMF. It's fascinating to note that Igor Kolomoisky, former owner of Privatbank before it was nationalised, owns the TV station that made President Zelensky a major TV star in his role as a comedian who becomes president, before the comedian actually did become president with a landslide victory just last year. You couldn't make it up. Theoretically, the judges involved in the case should be independent of the government. Also, they should be independent of influence from other outside sources that would take an interest, which influence could take the form of threats of violence, real violence or the easier option of financial incentive. Not that I am suggesting any of those options of course, but let's take the case of former Governor of The National Bank of Ukraine, Valeria Gontareva. I quote from the Washington Post article. "Kolomoisky also has a reputation as a formidable and frightening enemy. Former central banker Valeria Gontareva made an enemy of him in 2016, when the bank nationalized Privatbank — Kolomoisky’s bank and Ukraine’s biggest — after $5.5 billion in deposits disappeared, risking a national economic crisis. Kolomoisky has denied wrongdoing. Masked men with Kalashnikovs delivered a coffin with her blood-soaked effigy to the entrance of the central bank in 2017. Her house was vandalized. Fearing for her life, she quit her job four years before her contract expired and fled to London. Gontareva accuses him of death threats and harassment, which he has denied. On Sept. 5, Gontareva’s son’s car was burned in Ukraine. On Sept. 10, men with masks and machine guns searched her Kyiv apartment. Two days later, her home outside Kyiv was burned to the ground. (In August, she was struck by a car in London, but she remains uncertain as to whether that incident was linked.)" You can make your own conclusions from the above. Https://www.kyivpost.com/ukraine-politics/supreme-court-delays-hearing-on-surkis-deposits-in-privatbank.html Https://www.ft.com/content/7dd9c784-a3e1-11e9-a282-2df48f366f7d BB
bellbottom
06/3/2020
10:22
Never a dull moment indeed BB but, like you, feel it will all come good in the end. Keep up your flow of news as it's greatly appreciated. ATB
grechen
06/3/2020
09:33
Hi Grechen, I was imagining the threat or short term revoking of the licence being used as some kind of bargaining chip to exert pressure on the ex CEO to agree to some settlement. Though I can't see a settlement being acceptable to the Ukraine public, given Zelensky's cabinet change this week as a reaction to his personal dissatisfaction with progress as well as public pressure to see results. Show trials are what's needed to satisfy the baying for blood. After all there is too much of a history of rich individuals or companies flashing the cash as a way of avoiding prosecution. Doesn't help the government when many of the media outlets are owned and run by oligarchs and those who would jump for joy at Zelensky's failure. We already know of the power of the media here in the UK, to influence public opinion. In Ukraine this is potentially a greater issue. Put that together with Russia on your doorstep, willing your failure and using all means to help that along and it makes it a very steep uphill struggle. BB We'll see. Never a dull moment with FXPO.
bellbottom
06/3/2020
09:23
Ukraine's President Zelensky has fired his entire cabinet as of Wednesday this week. Partly because of lack of real results, which is not surprising, given their overall lack of experience. Also, the Ukraine public have heard it all before about reform and as a result his personal rating has plummeted. I imagine there are a few oligarchs and other interested groups wringing their hands with glee at the possibility of he and possibly his party of young idealists losing popularity and paving the way for the old guard to take over again in four years time. Ultimately, Zelensky and his party 'Servants of the People' need to be seen to be stamping out corruption and bringing those corrupt individuals to public trial. That could take years of course and by then he and his party may be consigned to history. What this means, of course, for the ex CEO and ultimately for Ferrexpo, I have no idea. Mid to long term still looking like a steal. Sad to see the share price drop again today but seems to be making a slight recovery. Roll on the 18th March and some good news to set us back on the road to recovery. Https://www.nytimes.com/2020/03/04/world/europe/ukraine-zelensky-cabinet.html Https://www.timesofisrael.com/ukraines-prime-minister-ousted-as-president-zelensky-seeks-new-brains/ BB
bellbottom
05/3/2020
15:01
I may be naïve but I can't see that fxpo's licence would be revoked....what would the govt. gain from that?FXPO is a major contributor to Ukraines economy so it is in everyones interest not to interfere with a very well run company. If the CEO's shares were sold to realise capital for his shady dealings there could be a positive scenario there for shareholders as it could pave the way for a takeover by one of the big boys.There has been speculation on that front for many years but,with the CEO's majority holding,it was never going to happen. Think/hope that he will pay his dues in time (he can well afford to)and get a pardon for his misdemeanours. All sounds too easy doesn't it?
grechen
05/3/2020
10:31
Not being an expert on the Ukrainian legal system and the real intentions of the current Zelensky government to crack down on the previous questionable dealings of the oligarchs. Is it a possibility, within the government's armoury, to revoke the mining licence from Ferrexpo and its group of mining companies? Ferrexpo's 2018 Full Year Results, published on 23rd April 2019, states the following on page 24. 'The Group holds mining licences and other permits required to carry out mining operations. If mining licences were to be revoked or not renewed, Ferrexpo’s ability to continue to produce pellets would be at risk.' This statement was made before Zelensky and his party swept to power. The risks to Ferrexpo are surely greater under the current government and given the fact of the ex CEO no longer being an MP with the protection that that once offered. I suppose I am falling into the classic trap where we are in limbo, waiting for news of the ex CEO's arrest or instead, his miraculous recovery, furnished by a huge financial contribution to the government's coffers, but in the meantime I am imagining the worst case scenarios that would decimate my investment in this company. No news is bad news in this instance. Add CV19 to the mix and the mind goes into overdrive. BB
bellbottom
05/3/2020
09:27
Sorry, my mistake. Preliminary Results due 18th March and not 8th March. BB
bellbottom
03/3/2020
10:55
Very interesting readYes poltava is concerning and corruption links etc worrying....
foxy22
03/3/2020
09:26
While we await news and the preliminary results due on the 8th March, this document is worth a read, especially pages 102 and 103. If any of the stated 'theories' as to the ex CEO's involvement in the Poltava mine be true, then its possible the government of Ukraine have good reason to re-nationalise the mine. It sounds as if the uncertainty and legal wranglings could endure for many more months. I admit it makes me feel less confident when added together with all the other data out there. Https://www.o-c-o.net/wp-content/uploads/2013/11/Ukraine-and-the-EU-Overcoming-criminal-exploitation-toward-a-modern-democracy.pdf BB
bellbottom
27/2/2020
22:50
https://mobile.worldmaritimenews.com/archives/291670/vale-20-evacuated-after-giant-iron-ore-ship-starts-listing/
r9505571
27/2/2020
21:01
Who is your profitable gold miner?
r9505571
27/2/2020
13:12
Nothing to suggest the dividend's at risk. Pellet prices still fine, dropping from a high of 106 to 100 in the past few days. FXPO still making a fat margin on everything it produces. Everything's down, pretty much. My profitable gold miner has dropped 20% since Monday morning, despite a positive RNS, and making bigger profits due to the gold price rally. Quality will shine through in the end. And the chance to get a better dividend yield while the shares fall - fine by me!
bozzy_s
27/2/2020
09:07
Well, what can we do? We were at 157.75p a week ago and in hindsight turning stocks into cash would have been the correct move. But in the space of just one week the stock market is being pulled back by the sensationalist headlines and almost continual news items regarding Coronavirus. Roll on 18th March when Fxpo 2019 preliminary results announced. But no telling what size a hole the world will have dug for itself by then. My real and virtual portfolios almost entirely red and have been all week. A previous shining star managed fund has tumbled to levels not seen for almost a year, so this drop is right across the board. BB
bellbottom
25/2/2020
15:27
I don't usually like companies buying back their own shares. But if this slump were to take us towards a ridiculous price of £1, it'd be a great place to spend some of FXPO's excess cash. That's assuming the iron ore price stays strong, as it has so far. Barely changed during yesterday's bloodbath. Http://www.custeel.com/en/csi.jsp
bozzy_s
25/2/2020
11:53
I hadn't realised that the ex CEO of Ferrexpo had been in the market to 'own' another bank, after the demise of his Finance and Credit Bank of Ukraine. But I suppose it is useful to have ownership of such an establishment to move money around. It seems he owns 21.2% of the Union Bank of Liechtenstein, which also appears to be a bank interested in becoming involved in cryptocurrencies. Maybe that was one of the other attractions in investing in such a bank. I believe the ex CEO has had his investment in the Union Bank frozen while investigations into money laundering are ongoing and concluded. In the meantime, Union Bank are desperate for new investors before their banking license runs out. Https://www.ico.li/binance-open-to-exploring-a-partnership-with-liechtenstein-based-union-bank/ Https://www.vaterland.li/liechtenstein/wirtschaft/union-bank-kaempft-weiter-ums-ueberleben;art173,408814 Whether this news is good, bad or irrelevant to Ferrexpo I have no idea as yet. It's all tied up with the ongoing investigations by the Ukrainian authorities. The sooner this is resolved, the better all round. BB
bellbottom
24/2/2020
18:31
Ok, so the biggest drop in the FTSE 100 in over four years as we see a drop of 3.3% today. Inevitable that fxpo would fall back. But let's not dwell on the CV19 effect. Yes it will have a mid term effect, which we should see as another chance to buy at low prices. Still good news out there regarding production levels now that we are fully operational after all the refurbishment works of recent years. Https://concorde.ua/rs/daily/item_75871/ BB
bellbottom
21/2/2020
09:27
Are we to have our typical Friday drop again today? A couple of articles from the excellent Concorde Capital - worth saving to your favourites list for news on Ferrexpo. This goes over old ground and news from last month, but sheds a bit more light on the outstanding issues with the ex CEO and the particulars of his situation and how this may affect shareholders. Https://concorde.ua/rs/daily/item_75780/ Https://concorde.ua/rs/daily/item_75639/ This last link is worth trawling through the news items on Ferrexpo even if just to read the last paragraphs of each news article, which are a summary of the news stories by the excellent Dmytro Khoroshun. Https://concorde.ua/rs/search/?query=ferrexpo&dateFrom=&dateTo= BB
bellbottom
20/2/2020
13:04
Even if he was to forced to sell some or all of his holding it wouldnt be bad the company would probally be bought out .. the market dosent like Any uncertainty thats why these are selling so cheap .
jonnyupite1
20/2/2020
11:40
Napoleon, It would be easier for the Ukraine Govt to confiscate other business wealth or properties that are Ukrainian based or registered. Surely more complicated with Ferrexpo which is Swiss registered and listed on the London Stock Exchange. The ex CEO owns many diverse businesses and properties that could more easily be seized to pay off any debts owing. If I was he, I would pay up from the proceeds or sale of other owned businesses or pay with cash, if he has any cash of course. He may be cash strapped and unable to rasie enough without selling something. Ferrexpo being the third largest iron ore producer on the planet, with all the expansion and maximising production and reducing debt that's gone on in the last few years suggests that they have a long way yet to to go in building a world beating company. I would suggest Ferrexpo is his main business, his baby, if you like, and would be a last resort to part with ownership or reduce his shareholding. Who knows. It's a murky business and there are bound to be serious negotiations going on behind closed doors. After all, he has stepped down from his role as CEO of Ferrexpo for two reasons. To not affect the business of Ferrexpo and also to concentrate on resolving the issues, which are many. I still hold and happy to see a good rise today. I have been tempted to sell on a few occasions in the last few weeks but remain hopeful that the next few years will see us back between £3 and £4 a share. Good luck. BB
bellbottom
20/2/2020
10:24
One of the preconditions for the recent agreed IMF funding facility to Ukraine of $5.5 billion, is the requirement to adopt laws preventing courts from returning insolvent banks to former owners. Obviously this would include the defunct Finance and Credit bank formerly owned by the ex CEO of Ferrexpo. BB
bellbottom
19/2/2020
16:08
Thanks for the link in 6952 bellbottom Seems that 2020 has started well for FXPO. Prices are holding strong. Production up 15% v 2019. And H1 2019 was exceptionally profitable. If prices stay strong, and output continues to beat 2019, with less debt interest payable, are we looking at even better earnings for 2020? Are we looking at future dividends, once debt has been repaid, in the 30s or 40s pence per share?
bozzy_s
19/2/2020
14:58
BB - I believe Zhevago's shares are not transferable due to legal action. What that means is that he can't take the loot and scoot. He's accused of that in his bank dealings..... If he's found guilty, the worst that could happen is that either the state takes some/all of his shares as compensation for his missdeeds, or that a sale of a part/all of the shares to A.N.Other (mining/metals company) is made to obtain compensation, whether Zhevago likes it or not. I suspect the state would take them on its' own books and sell them on later "in an orderly fashion" (= make a killing on the way!). My optimistic version is that current holders would be offered shares on a one-for-one basis at market price, which I for one would take up entirely. Then let the price settle to a realistic level..... Anyway, IMO the sooner this is over the better. I hold & ain't selling - the fundies are far too good. LTBH.
napoleon 14th
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