Ferrexpo Share Discussion Threads

[oniabsta] 15/5/2020 13:03

Rec'd divi today minus 35% Swiss tax in my HL isa a/c. Is there any way to avoid this
tax?

[maxsvo] 15/5/2020 08:31

In April 2020, Ukrainian mining and metallurgical companies increased the export of ore and iron ore concentrates by 31.5% compared to the corresponding month last year - to 4.2 million tons. In monetary terms, iron ore exports increased by 24.5% to $ 360, 6 million. This is evidenced by customs statistics.

Compared with March 2020, in April, the export of ore and iron ore concentrates increased by 10.9%, while in real terms, on the contrary, decreased by 10.6%.

In January-April, Ukrainian metallurgical enterprises exported 15.4 million tons of iron ore. This is 21.6% more than in the first four months of 2019.

In the first four months of this year, the country's mining companies increased revenue from export of iron ore by 18.3% compared to the corresponding period last year - up to $ 1.24 million.

The main consumer of Ukrainian iron ore remains China. Its share in Ukrainian exports for four months amounted to 56.42% - this is 4.42 percentage points less compared to January-March 2020. In second place is Poland (10.84%), in third - Austria (6.48%).

According to the results of 2019, Ukraine increased the export of iron ore by 18.5% compared to 2018 - up to $ 3.398 billion. Import of iron ore in the year amounted to 14.245 thousand tons in the amount of $ 1.412 million.

[bozzy_s] 14/5/2020 21:56

Can't believe we're trading on a P/E of 2.3

It either means FXPO is ridiculously underpriced - surely the best buy on the stock market based on earnings / dividend / balance sheet / profitable history / strong current trading. Or there's an imminent disaster coming.

As they're producing at full capacity, IO prices are high, and they've reinstated the dividend, my money's on it being underpriced.

If output remains ahead of 2019 (Q1 was 7% higher overall, with the more expensive pellets 9% ahead), with less loan interest, we could be trading at less than 2x 2020 earnings.

[r9505571] 14/5/2020 16:05

Tested £1 when the FTSE went below 5000 in mid March. Rolls between 130-145 on a weekly basis. So anything sub 130p is a buy. Iron ore price is holding well, possible disruption in supply from Vale, construction and car manufacturer ing returning should help. If those customs reports from Ukraine are accurate, I have now doubt that FXPO is shipping record amounts of the good stuff (65% Fe) and we are in for a bumper Q2.

[yaszq2001] 14/5/2020 14:19

How low could this go guys?

[r9505571] 14/5/2020 10:25

Stole this from LSE board...In April 2020, Ukrainian mining and metallurgical companies increased the export of ore and iron ore concentrates by 31.5% compared to the corresponding month last year - to 4.2 million tons. In monetary terms, iron ore exports increased by 24.5% to $ 360, 6 million. This is evidenced by customs statistics.Compared with March 2020, in April, the export of ore and iron ore concentrates increased by 10.9%, while in real terms, on the contrary, decreased by 10.6%.In January-April, Ukrainian metallurgical enterprises exported 15.4 million tons of iron ore. This is 21.6% more than in the first four months of 2019.In the first four months of this year, the country's mining companies increased revenue from export of iron ore by 18.3% compared to the corresponding period last year - up to $ 1.24 million.The main consumer of Ukrainian iron ore remains China. Its share in Ukrainian exports for four months amounted to 56.42% - this is 4.42 percentage points less compared to January-March 2020. In second place is Poland (10.84%), in third - Austria (6.48%).According to the results of 2019, Ukraine increased the export of iron ore by 18.5% compared to 2018 - up to $ 3.398 billion. Import of iron ore in the year amounted to 14.245 thousand tons in the amount of $ 1.412 million.

[grechen] 14/5/2020 08:57

Should be today.

[r9505571] 14/5/2020 08:38

When should the dividend be paid into our accounts?

[oli12] 13/5/2020 08:08

Still no verdict following the appeal heard in early April.

[podgyted] 12/5/2020 15:30

Wonder if a better way would be to settle the fines in shares - then Ukraine would have a stake in the company - could be beneficial.

[grechen] 12/5/2020 10:33

Seems to me that the logical thing for Z to do is to agree to pay all the fines at a future date acceptable to the Govt.in return for all charges against him to be dropped.
On release of this news the share price could double in no time which would immediately make Z 100's of millions of pounds richer which would pay off a huge chunk of his dues.
Just amazed that this has gone on for so long without a deal being struck.

[thags] 12/5/2020 09:58

I will never get my head round why this share continues to defy all logic. Until Z gets his issues sorted we're left in limbo on this one

[r9505571] 12/5/2020 08:45

Iron ore price rising but share is not! https://www.sharecafe.com.au/2020/05/11/iron-ore-rises-as-coronavirus-spread-threatens-brazilian-supplies/

[r9505571] 08/5/2020 10:02

https://apple.news/APcrGZw8KT2uBrAqPQRij7g

[bellbottom] 04/5/2020 14:18

And a reminder of how it was in Ukraine just before Covid took hold and dominated the news. References to the issues relating to Mr. Zhevago.



BB

[r9505571] 03/5/2020 13:22

Port Talbot, along with steelworks across Britain, is bleeding cash because of Coronavirus. Order books have dived 70-80%. From today's ST

[r9505571] 02/5/2020 18:36

I thought about selling my entire holding and pumping into a Coronavirus testing company but didn't have the balls, I guess as people realise that other companies are getting hammered on profits and dividends they will switch to the cert that is FXPO!

[r9505571] 02/5/2020 18:31

They are digging mass graves in Brazil so it's only a matter of time before Vale is hit

[r9505571] 02/5/2020 08:04

https://www.worldsteel.org/media-centre/blog/2020/COVID-19-and-steelmaking-raw-materials.html

[r9505571] 01/5/2020 21:01

Glencore is to cut its capital spending by up to $1.5bn this year to bring down costs. It's original guidance had been for $5.5bn. The commodities giant said the majority of its mining operations were operating 'relatively normal' despite the crisis buts its production would be lower than expected as some sites had been disrupted. It's trading business was On track to meet guidance after capitalising on the 'volatile and complex' commodity trading environment'Glencore shares fell 7.5p or 4.9% to 147p. From today's Times

[bellbottom] 01/5/2020 17:17

Typical Friday then?.

I note that Rio also down about 2% and Glencore 5%.

As it turned out with the dividend payment, it was more profitable to sell before ex dividend date and forego the dividend then buy back over the next few days. 143p on the 29th and now 133p on 1st May. If you had 100,000 shares for instance, that would equate to £10k difference. I believe the equivalent dividend would have been about £1,700 which takes into account the 35% Swiss withholding tax.

Time to open a bottle of wine. It's the weekend I believe.

BB

[yaszq2001] 01/5/2020 08:55

I expected a correction but how low could this go??

[r9505571] 30/4/2020 14:09

Friday = tank day :(