Ferrexpo Share Discussion Threads

[bo90] 19/6/2020 13:39

and kremlin's invasion, they can turn the screw at any moment

[r9505571] 19/6/2020 12:35

Cometh the OXMAN! Yes please buy lots of shares. The share price needs support!

[cumnor] 19/6/2020 12:04

May be London listed and Swiss registered but mines are in Ukraine-that's the problem with this company-it's government, courts and wheeler dealers.

[its the oxman] 19/6/2020 12:01

Ore still holding up. Time to buy perhaps.

[bellbottom] 19/6/2020 09:05

Disappointed in the RNS this morning, which is in addition to last weeks order for Zhevago's detention by the Kyiv court.

I suspect Mr. Zhevago is refusing to cooperate or pay up what he owes and they are keeping the pressure up until he agrees to some sort of deal.

Practically speaking, these 50.3% shares were never going to be disposed of anyway but that doesn't mean it won't have an effect on the sp, which in combination with other factors, has seen the price drop further than expected after ex divi day.

I still believe this will get above £2.00 and climb higher. Only now it may take a bit longer.

Interim divi payment 3rd July and 2Q production report 7th July to look forward to.

BB

[arja] 19/6/2020 08:50

chart suggests FXPO is looking a bit toppy but I notice it bounced off 175 chart support hit some days ago . needs to hold above that level I think or could start a short term downtrend .

[arja] 19/6/2020 08:46

firtashia,
oh, meant to add that he is certainly prepared to pay the price in Russian deaths
if it meant he had full control of Ukraine, He has no regard for human life and
it would be hailed on state controlled Russia media as a great victory with about
70% or more Russian people totally brainwashed by only ever seeing one TV channel . Anyway , he would doctor the death figures top make them look very small as you know. Must watch the BBC film on Skrippals poisonings after recording it when I have free time .

[asusasus] 19/6/2020 08:02

Whew. Had no effect! Onwards and upwards.

[tygarreg] 19/6/2020 07:57

It's a continual thorn in our side and gives the shortest an incentive to give us a try which is to some degree self fulfilling.I would be pleasantly surprised if this does not temper any hope's of an share price rise.

[tygarreg] 19/6/2020 07:54

Thanks Carcosa, very thorough and helpful. So we can claim back 4/7 of the 35% that the Swiss keep. That's 20% of the total dividend which might be worth the effort if you have enough shares.Does anybody actually do this?I have 20,000 shares and would be able to claim back 1p of the 5p (6.6c) dividend each time which is £200. Trouble is that is divided between 3 different accounts, trading, sipp and isa so it sounds messy and time consuming for not much reward that is likely to take months to process, so maybe not for me.

[asusasus] 19/6/2020 07:51

Is this really bad news!?

[oli12] 19/6/2020 07:12

Just when you think it’s safe..... this mornings RNS hits.

[carcosa] 19/6/2020 07:01

Ty,

Am not sure I understand your point.

Ferrexpo plc is, for tax purposes, a Swiss resident company. As such any dividend payment which the Company makes will be subject to the current Swiss federal withholding tax rate of 35 per cent (the “Withholding Tax”). The Withholding Tax must be withheld by the Company from the gross distribution and paid directly to the Swiss Federal Tax Administration.

A full or partial refund of the Withholding Tax may be available in certain circumstances,depending on your place of tax residence and other criteria.

It should be noted that dividend are paid gross of tax as opposed to UK tax domiciled companies that pay dividends from post tax earnings... and then I think if you are UK tax resident it then gets taxed again at personal income level!

In this case, the Swiss govt get 35% tax as opposed to UK govt that gets the tax at a corporate rate. Unlike the UK, qualifying shareholders cannot get any tax back whereas you can with the Swiss govt (or indeed most other countries) under certain circumstances as outlined on the back pages of every dividend letter:

[tygarreg] 19/6/2020 00:57

I still dont get this swiss tax thing on our divis.Divi is 6.6c so the company/our investment value decreases by 6.6c or 5.3p on ex dividend day and we get 3.5p credited to our accounts two weeks later. And we think the dividends are good for our wealth?

[firtashia] 18/6/2020 22:41

Arja- post7289 - two things dissuade Putin from invading more of Ukraine. First-Eu sanctions. The current round of sanctions do not hurt Russia- in fact the Germans are falling over themselves to do business with Russia- but he is wary of further more biting sanctions being added in the event of him invading somewhere else-and not necessarily Ukraine. Second - the state of the Ukrainian army, now battle hardened, rearmed and potentially a quarter of a million strong. Sure, he could invade and defeat the Ukrainian army but with a massive blood bath in store, is he prepared to pay that price?
From a Russian perspective, the time to destroy Ukraine was in 2014, but even then he was unwilling to launch a full scale invasion of the south and east, instead expecting the local population there to rise up and demand to join Russia- which to any serious Ukrainian political observer was absurd. As a result he is left in possession of a peninsula entirely dependent on Ukraine for its water supply, during the worst drought there in over 100 years.

[arja] 18/6/2020 21:30

sorry , I forgot I mentioned it !!

[arja] 18/6/2020 21:29

bellbottom,.
thanks and I will read the article you posted . I have a few Ukrainian friends who
hate Putin and fear that he may think about invading Ukraine if he thinks the USA ]and the west will not intervene . Covi-19 time is a good opportunity for this madman I guess .

[r9505571] 18/6/2020 13:01

Swiss Trading CompanyMain benefits: Low corporate taxes -11.9% (Zug). Exemption or reduction of income taxes on dividends from "qualifying participations". Exemption or reduction of corporation taxes on Capital gains arising on the sale of "qualifying participations".

[tygarreg] 18/6/2020 12:27

The Swiss govt do very well out of us shareholders. We own the company. Any dividend given reduces the value of the companies assets by that amount so our investment goes down in value. Then we keep 2/3 of the divi and we give 1/3 to Swiss. Do we benefit in other ways by being based in Switzerland?

[bellbottom] 18/6/2020 12:14

Pod,

I agree - a pinch of salt to be taken with all supposed credit ratings. Often when they call it one way, you can expect for it go the other way.

BB

[podgyted] 18/6/2020 11:04

Moody's, S&P and Fitch rated the collateralised mortgages which almost brought down the financial system in 2008 as AAA - so I've always had a negative outlook on them all.

[bellbottom] 18/6/2020 09:46

Moody's credit rating, for what it's worth.



BB

[zho] 18/6/2020 09:30

Thanks deadly, I didn't know that. But hey, I've only been investing for 35 years - can't be expected to know everything ;-)

From Wikipedia:

The ex-dividend date is almost always on a Thursday with the associated record date on the next Friday. Exceptions to this timetable are usually special dividends, and dividends provided by overseas issuers who only have a secondary listing on the London Stock Exchange. Prior to 9 October 2014, the ex-dividend date was usually two business days before the record date, i.e. typically Wednesdays