Ferrexpo Share Discussion Threads

[its the oxman] 02/6/2020 18:28

Should be well over 200p. Just need another update/set of results.

[arja] 02/6/2020 14:00

up and down like a yoyo today but good if a trader although movement not enough to make more than a fee hundred quid a trade if a small player such as me ! Coming to buy territitory at the moment but must be wary of how the DOW and US indices perform when
physical opens at 2.30pm !Still a nice uptrending chart for those holding stock

[grechen] 02/6/2020 13:51

Final dividend ex date end of week of course so a bit more reason for continued rise in share price Wonder if company have started buying own shares yet.

[asusasus] 02/6/2020 12:15

Has Zhevago been reelected to the board?

[arja] 02/6/2020 10:35

no, bought as I said and was not closing a short which would have been nice if I had opened at 194 level ( wry smile ) . It is picking up now and still hoping for a nice little profit ! Dow futures is really roaring but is not helping stocks like FXPO yet

[thags] 02/6/2020 10:18

Are yiu shorting Arja?

[thags] 02/6/2020 10:16

Are yiu shorting Arja?

[arja] 02/6/2020 09:59

maybe the party is over after the spike to 194 eaand rly on as really struggling at this 185 area . Bought some through CFD at 185.7 and timing out !

[arja] 02/6/2020 08:21

what a move after opening and tempting to buy now at breakout point but still sliding ! funny old stock .

[asusasus] 01/6/2020 22:58

Any negatives here? Is Zhevago under investigation and what are the implications?

[arja] 01/6/2020 16:19

odd that iron ore price for oz futures has fallen today but not much effect on FXPO.
Must be to do with physical and futures market and maybe an expert on this thread can comment ?

[bellbottom] 01/6/2020 12:54

Comment on voting at this year's AGM, with specific mention of vote of no confidence in a certain person we are all very well aware of.



BB

[arja] 01/6/2020 11:53

I was looking at the iron ore price on my IG aussie chart but I have now read the link above !

[arja] 01/6/2020 11:52

a bit surprising it is up today as iron price came off . shows good sentiment for this stock at present

[bozzy_s] 29/5/2020 22:46

Fabulous stuff ^^

[r9505571] 29/5/2020 16:18

Ferrexpo suffers rebellion over former boss Kostyantin ZhevagoKostyantin Zhevago stood aside to fight embezzlement allegationsKostyantin Zhevago stood aside to fight embezzlement allegationsEVGENIY MALOLETKA/GETTY IMAGESEmily GosdenFriday May 29 2020, 12.01am, The TimesFerrexpo, the troubled Ukrainian iron ore producer, has suffered shareholder rebellions against its former chief executive, chairman and senior independent director.A majority of independent investors voted against the re-election of Kostyantin Zhevago to its board six months after he stood aside as chief executive to fight embezzlement allegations.Mr Zhevago, who owns just over 50 per cent of the shares in the company, was opposed as a non-executive director by more than 32 per cent of shareholders at its annual general meeting yesterday.Ferrexpo was listed in London in 2007 and produces iron ore pellets from two mines in the Ukraine.Mr Zhevago was an elected politician for two decades and lost immunity from prosecution after losing his seat last year.He is under investigation over alleged embezzlement from Bank Finance & Credit, a Ukrainian lender that he used to control.Mr Zhevago, who was placed on an international wanted list in December, has denied any wrongdoing.Almost 28 per cent of shareholders also voted against the re-election of Ferrexpo's chairman, Steve Lucas, and Vitalii Lisovenko, its senior independent non-executive director.

[bozzy_s] 29/5/2020 16:02

Fantastic run of consecutive blue days. And while we're up ~75% from the lowest point in March, I'm confident it's just the start of something special. Still trading on a ludicrous P/E of ~3 for this year.

Value will come through in the end...

Production at record levels

Pellet prices strong

Reduced debt

Resumption of dividend payments

Share buyback approved at yesterday's AGM


These will still be decent value at 3 times the price.

I wonder if there'll be interest from a Brazilian-based major?


Good weekend all :)

[bellbottom] 29/5/2020 14:22

No mention of of any court hearing decision? I assume the hearing has been delayed.

Can it really be a rising Friday? That's twice in a month. A new trend maybe?

BB

[arja] 29/5/2020 11:21

I really like the look of the FXPO chart which shows a nice short term uptrend supported by the uptrendimg iron ore price . Seems that 183 is the minimum target which is a resistance level .

[grechen] 29/5/2020 10:12

Have been thinking they should have been doing that for some time now rather than special dividends.More value to holders than the dividend less tax.