Ferrexpo Share Discussion Threads

[arja] 02/7/2020 18:43

porsche1945.
eastern bloc ?! Soviet union disingrated many years ago sport or are you brexiteer credentials showing ? ( smile ) . good performance today for FXPO and did not retreat much from day's high point as it did yesterday and hence a good trading stock lately

[zho] 02/7/2020 15:44

1) 3.3 cents
2) Yes
3) I looked into this years ago. Can't remember the details now but I decided it was too much of a faff - see page 3 of for details
4) Dunno

[the count] 02/7/2020 15:40

--->ALL

I too have my stock with iii.

Along the same lines as previous posts, I note that I received my dividend today but with 35% deducted by the blasted Swiss authorities.

I know another divi is due to be paid tomorrow as well.

This is really confusing. If anyone knows exactly what is going on, can you please answer these Q's.

Q1) I received 1.72p per share today.... is this correct? What should the gross divi have been?

Q2) A further divi is due tomorrow? Will this be taxed at 35% too? I presume it must be.

Q3) Can we claim the dividend tax back from the Swiss? If so, how?

Q4) Why the hell do we have 2 dividends paid out in the space of a day?

If I had understood all this in the first place, I guess I would never have invested.

Any help much appreciated. Been out of the loop for a while so more than a little rusty.

Regards,

THE COUNT!

[zho] 02/7/2020 15:24

Ah ... Thanks.

[tygarreg] 02/7/2020 15:20

Fear not said iii, there is another bigger dividend coming tomorrow as well so a total of 5.2p after tax. Nice!!!

[zho] 02/7/2020 15:02

Same here, only worse - 3.3 cents per share but on only half my shareholding.

The dividend notifcation says that the ex date was the 4th June and I bought half my shares after that date but well before the 19th June, the ex date cited in the FXPO RNS of the 15th.

I've emailed them to ask for an explanation.

[tygarreg] 02/7/2020 14:59

Just had dividend paid into my iii account! However something is wrongIt is only 1.72p per share when 6.6c were promised which is 5.1p minus swiss tax, so should be double that at 3.4pAlso it's a day early. Anyone else in same boat?

[arja] 01/7/2020 20:27

only down a touch today and the fall a bit surprising after the upward move to 175 early in day . I can not see any bad news announcement but maybe there was !

[r9505571] 01/7/2020 19:59

https://www.dailyfx.com/forex/market_alert/2020/06/30/ASX-200-Perched-at-Support-as-Iron-Ore-Price-Pulls-Back.html/amp

[arja] 01/7/2020 18:34

but normally best to cut losses and let profits run but that is contrary to human
nature . I always failed to do that and it is why I became a trader rarely keeping a stock over night but I use CFDs as SD in UK would make it impossible day trading physical shares . No SD in OZ and can do it there !

[thags] 01/7/2020 18:25

Got no choice but to hold on now after 20% of value evaporated in a fortnight without any specific reason

[grechen] 01/7/2020 16:42

You are right of course Bel......I should know better (esp. with this share).
Shall keep my thoughts to myself in future.Still happy holding for the long term.

[arja] 01/7/2020 16:11

quite near that 162 chart support level and hopefully it will turn soon . Seems to ignore strong US markets today and that could change before the close at 9pm.

[bellbottom] 01/7/2020 14:16

Good news over they coming year. But many other factors holding back the share price
I've given up predicting where this is going short to mid term. Let's face it, it's a big guessing game for both amateurs and so called professionals in the stock market.



BB

[r9505571] 30/6/2020 20:10

Yes. Couple of decent buys for a change. Bought a few DRX yesterday so hoping the bid rumours are true!

[grechen] 30/6/2020 19:03

A nice steady rise up to 7th July now, hopefully, when it could take off again.

[arja] 29/6/2020 07:43

zho,
looking closely at FXPO chart , it does suggest a fall to about 162 support level in short term but a rally in US futures could change things and it is trying to rally at the moment but quite a struggle . DOW needs to break through 25200 level and now at just under 25100

[arja] 29/6/2020 07:35

thanks ZHO and I was just using the futures iron price on IG markets site which shows a md price of $A702 at present . I am sure yours is a better guide and more sophisticated. .

[zho] 29/6/2020 07:20

I use to check on prices. 96% of FXPO's production in 2019 was 65% Fe fines (the right hand column) and prices have been strong over the last three months, up from $98.15 to $115.95, only slightly below the early-June peak of $119.50.

[arja] 29/6/2020 07:14

on chart I use the oron ore price is falling in last day or so .

[podgyted] 28/6/2020 17:11

Australia considers iron prices will stay elevated (going from memory they are normally quite cautious) :-

[arja] 28/6/2020 16:31

has gone a little below chart support and might be down further on monday after US markets tanked but most stocks will suffer.

[thags] 26/6/2020 19:52

I sincerely hope so gwillerz78. I'm all in on this one and need something to show for it..

[gwillerz78] 26/6/2020 19:38

I'm looking forward to seeing the half year results as confident they will be very good. Iron ore has been strong in H1 and costs in our favour. Sales have also been higher along with production.

I also believe cash should be very strong. Not only as a result of the above but we are dipping into inventory to fulfill sales. Holding long and strong here and ignoring short term movements. Looking forward to seeing £3 again along with very attractive dividends on the way