Ferrexpo Share Discussion Threads

[grechen] 24/4/2020 16:18

Think I might start selling every Thursday afternoon and buying back Monday mornings.

[napoleon 14th] 24/4/2020 15:23

Why does the Ukraine govt press the case against Z?
'Cos he's guilty &, in typical oligarch "nouveau riche" behaviour, his already vast fortune wasn't enough for him...

Why would Z have trouble raising the money?
I suspect he's left a lot of ill blood due to his dealings and went abroad partly for tax reasons & partly 'cos he might not be so very welcome back home.

How come he can't set up a holding/financial company to regroup his assets and
borrow against them to pay off the courts?
How many people, when they hear his name, say "I don't want to know!"?

I sold a bit early when a cold wind blew in Feb. but the same wind might return twice as strong.

GLA.

[bellbottom] 23/4/2020 17:14

Hi Oli,

I could only find a news item on this from yesterday. Can't seem to get access to the court judgements due to "heavy load on the Unified State Register of Judgements search engine."

The main issue as I see it is that Mr. Z probably has cash flow problems. Yes, he has many assets but is probably cash 'poor' and would have to sell some of his assets in order to 'cough up' the required readies.

He'll probably battle it out until the bitter end, which he may very well be approaching, before selling some assets.

Not necessarily the best time to get the best price, but looks like he's run out of options.

Agree that the Z shaped cloud is hanging over the share price

BB

[oli12] 23/4/2020 16:55

This ‘news’ has been out a few days. It’s pretty obvious that Mr Z will need to cough up some $$$ to settle with the Ukrainian authorities. IMO the sooner he does this the better as the Ferrexpo share price is no where near what it should be based on it’s earnings, this is primarily down to the Z shaped cloud hanging over the share price

[bellbottom] 23/4/2020 16:41

Dodgy translation but you get the gist of it.



BB

[bellbottom] 23/4/2020 16:36

Not such good news after the recent good news of dividend payments.
And still no news on the supposed court appeal regarding the 50.3% freeze of shares.



Hopefully the price will hold up tomorrow - Friday often sees a dip, but strange times may see the opposite.

BB

[grechen] 22/4/2020 10:44

Don't think I've ever seen such a quiet trading day for FXPO.Like some minor AIM company.Who knows where we'd be with some volume.

[r9505571] 21/4/2020 17:01

Bit of a rollercoaster today for the share price but not a bad day all things considered!

[bozzy_s] 21/4/2020 12:53

Dividend reinstated at 50% lower than last year. I'd written off 2020, so I'm happy enough.

[bellbottom] 21/4/2020 12:08

final dividend and final special dividend - now the share price should start to climb again.
No news yet though of court hearing.

BB

[grechen] 21/4/2020 12:02

21/04/2020
11:50
UKREG
Ferrexpo PLC Ferrexpo 2019 Final Dividend


A dividend to look forward to !!

[grechen] 20/4/2020 10:36

Vale’s production downgrade
Our iron ore miners can thank the misadventures of their key rival Vale SA. The Brazilian miner downgraded its full year production guidance over the weekend, reported the Australian Financial Review.
Vale was hoping to produce 340 million to 355 million tonnes of iron ore fines this calendar year. But it cut its production estimates by between 7% and 9% due in part to COVID-19.
The coronavirus pandemic caused disruptions to logistics but that isn’t the only reason for the downgrade.
Factors weighing on Vale
Heavy rains in Brazil at the start of the year and an unexpected outage at Vale’s flagship S11D operations also added to its woes.
Further, Vale is still struggling to secure government approvals to restart some of its operations following the tragic Brumadinho dam disaster in January 2019.
The production shortfall from the major iron ore exporter is welcomed news for ASX miners, although Rio Tinto won’t benefit quite as much as its peers.

[thags] 17/4/2020 18:23

Any news on the court verdict

[grechen] 17/4/2020 07:56

Expecting a good day today.4%+

[r9505571] 15/4/2020 20:02

Some big tasty buys going through there late. A few countries in Europe staring to open up!

[oli12] 15/4/2020 10:06

In these markets if the court case news is perceived to be negative we could see sub £1. In the unlikely event the mine had to close due to covid then his could also cause the share price to drop. Biggest risk here is Mr Z that’s why is so cheap vs earning potential.

[yaszq2001] 15/4/2020 09:31

How low could this go?

[oli12] 14/4/2020 12:50

Court case outcome due imminently - could cause the share price to lurch either way depending on the decision. FXPO had a good week last week - giving back some gains.

[r9505571] 14/4/2020 11:55

Why is this taking such a hammering today? It usually recovers by the close tho!

[grechen] 14/4/2020 09:45

Thanks for that.