Ferrexpo Share Discussion Threads

[bellbottom] 14/4/2020 09:18

Hi Grechen,

I have been looking through the link to Pecherskyi District Court hearings and can't see anything related to Ferrexpo.

I usually just use Google translate but appreciate that has a limit of 3,900 characters. You can try deepl as well. Some dodgy translations generally.

If the hearing had taken place and a judgement issued then I would have expected an almost immediate RNS to that effect, so I expect the hearing hasn't yet happened.

In the dark at the moment.

BB

[grechen] 13/4/2020 18:40

A lot more court decisions come thro on that link you posted Bel.....where do you get your translations from??
G

[oli12] 09/4/2020 18:47

A good week, based on great numbers. Hopefully Mr Z can come to some agreement with the Ukrainian authorities and FXPOs share price can start to actually reflect the cash cow this is. We should be £2.00 for starters.

[r9505571] 09/4/2020 17:12

Strong finish today!

[farrugia] 09/4/2020 12:24

oh yes i see it now

[oli12] 09/4/2020 12:12

The shares were awarded as part of an incentive plan.

[farrugia] 09/4/2020 12:08

is it my impression or have directors bought shares in bulk? Unless these were related to options?

[bozzy_s] 08/4/2020 20:08

As I understand, FXPO get the pellet price which was $123.52 average as per that link. Bellbottom can probably confirm that.

It looks like business as usual for FXPO. Great 2019 results. Great start to 2020. Pellet prices holding firm despite coronavirus, being roughly the same as last year.

Looking forward to hearing when the dividend will be reinstated.

[oli12] 08/4/2020 13:31

Fe 65% price $103.45 - Do the math hxxps://www.metalbulletin.com/Article/3926040/IRON-ORE-MONTHLY-Traded-volumes-for-SGXs-65-Fe-contract-hit-new-record.html

This should be 175 minimum even with the geopolitical risks

[grechen] 07/4/2020 11:41

We might get there today at this rate!

[r9505571] 07/4/2020 10:34

CREDIT SUISSE CUTS FERREXPO PRICE TARGET TO 190 (200) PENCE - 'OUTPERFORM'

[oli12] 07/4/2020 07:06

Summary:
· 1Q 2020 pellet production up 7% to 2.7 million tonnes (1Q 2019: 2.5 million tonnes)
· Production of 65% Fe pellets up 9% to 2.7 million tonnes (1Q 2019: 2.4 million tonnes)
· 1Q 2020 sales are expected to be around 2.8 million tonnes (1Q 2019: 2.6 million tonnes)
· Production in 1Q 2020 was not impacted by the COVID-19 virus. Ferrexpo continues to take active measures to help protect our workforce and local communities against the spread of the virus.

[r9505571] 06/4/2020 13:33

It's in Russian or Ukraine. Is it from a good source? British Ferrexpo rlc, which controls in Ukraine, in particular, Poltava and Yeristovsky mining and processing enterprises (PZPK and YEGOK), in January-March of this year, according to preliminary data, increased production of pellets by 21% compared to the same period last year - up to 3 million tons.

[r9505571] 06/4/2020 13:31

https://ua.interfax.com.ua/news/economic/652454-amp.html

[r9505571] 06/4/2020 13:29

Oil have you a better link?

[oli12] 06/4/2020 12:06

The court case will be an interesting one - Ukraine is on its “best behavior” so to speak as it is keen to obtain a much needed IMF loan - lots of legislation reforms are a pre condition. The action against Ferrexpo only stops the sale of the 51% .... however the government won’t want to be seen to be interfering in this way.

[bellbottom] 06/4/2020 11:48

Yup Oli, looking good. Official production report out tomorrow.

No update yet on court hearing from 2nd April, if indeed it actually happened.

Keep the faith!!

BB

[oli12] 06/4/2020 11:39

A “suggestion221; Q1 has been very good hxxps://www.google.dk/amp/s/ua.interfax.com.ua/news/economic/652454-amp.html

DYOR.

[r9505571] 03/4/2020 17:02

Brutal big sell there at the end of the day took the shine off. Seems to be the best time of the day to trade is 0830!

[oli12] 03/4/2020 14:36

Down only 20% since corona however the share price had already dropped significantly due to the uncertainty / risk associated with the former CEO and largest shareholder Mr Z. The market cap vs earnings ridiculous even when you factor in the risk IMO

[r9505571] 03/4/2020 14:04

I ploughed some money into this. Things look good in the East but the fear is that if deaths start mounting in the West it could start to affect global demand. What's everyone's thoughts?

[bozzy_s] 03/4/2020 13:58

We've been very lucky. Down only around 20% since the coronavirus outbreak. Having those great results announced when the stock market was crashing probably helped.

Look at some of the shares that have really suffered. Anything linked to travel, leisure, gambling, oil & gas.

The price of iron ore has also remained strong. So if FXPO's plant has been running normally, it's making huge profits.



The worst may be ahead. But I'm comfortable enough holding these. I'd hope any sanctions against Zhevago wouldn't kill FXPO.

[r9505571] 03/4/2020 13:49

https://www.hellenicshippingnews.com/full-throttle-china-is-back-to-work-and-iron-ore-will-be-in-demand/One sign of evidence that steel in particular is about to ramp up is that domestic stocks of steel fell 4.8 per cent in the last week, according to intelligence service MySteel. This hasn't happened since the virus first broke out.China's iron ore stockpiles are also at a seven-month low of 123.75 million tonnes.

[r9505571] 03/4/2020 12:18

Most car plants that are closed hoping to reopen mid April but not much point as all car showrooms and sales are closed! https://europe.autonews.com/automakers/latest-assembly-plant-closings

[bigboots] 03/4/2020 11:28

Hearing that Ferrexpro appeal was heard yesterday and now awaiting Judgement