Ferrexpo Share Discussion Threads

[bellbottom] 11/8/2020 09:00

With Ferrexpo increasing sales of iron ore to China, the port of Yuzhny near Odessa must have increased in its importance in delivering by ship to China.

We know that Ferrexpo has strong rail links from its mines in Poltava all across Europe, where 64% of their market was based (2017 figures). Now with this increase in sales to China, the shipyard takes on a greater importance.

You will remember that Zhevago lost his shipyard at Zaliv, in Crimea, when Russians and Russian backed forces illegally took over the region in 2014 and then Russia built the Kerch Strait Bridge, finished in 2018, which now links the annexed Crimea with the Russian mainland.

Now there are signals that Putin has not finished with his plans of destabilisation and empire building and has plans to take over the Odessa Oblast region, with its key ports of Odessa and crucially for Ferrexpo, the port of Yuzhny. This region is on the other side of the Crimean peninsula.

We know that 'the west' has no great influence or 'balls' when it comes to Putin and Russia. The standard answer is to enact more punitive sanctions, which have proved ineffectual. When Crimea was annexed, a few statements of condemnation. Then the bridge went up and a few more statements of condemnation from the UK and the EU. 

With Putin destined to be president for life, there is every chance he is planning another big bite out of Ukraine as part of his historical legacy. 

This aspect retains its dark cloud shape over my perceptions of a bright future for Ferrexpo, and I sincerely hope that the above doesn't happen. I am always on the verge of getting out of Ferrexpo for the stated reasons above, combined with the ongoing ex CEO's possible arrest and potential conviction situation and its effects on the share price

It's a difficult decision to balance with the facts, the perceptions and the possibilities.

Roll on ex dividend day.







BB

[bellbottom] 11/8/2020 08:57

Enjoy your profit Lodgeview. At the end of the day it's all really just about money. At some point you have to make the decision to take a profit. Spend wisely.....or not!

BB

[lodgeview] 11/8/2020 08:38

Sold out this morning on a SB. Made nearly £9k in this since invested a couple of months ago. Sure it will go higher but with huge profits being made from SB recently I've decided to call it a day with stocks and enjoy the money!

[r9505571] 11/8/2020 08:14

New high! Woo hoo! 🚀🚀🚀🚀🚀 🚀🚀🚀🚀🚀 🚀🚀🚀🚀🚀 🚀🚀🚀🚀🚀

[bellbottom] 08/8/2020 11:41

Off topic I know, but these things do have a tendency to affect the share price and general sentiment and confidence.

It was bad enough with Rupert Murdoch's empire 'deciding' who should be next PM or US president, but now of course we have the Chinese on the one side and the Russians on the other, each getting behind their choice for next US leader and then bombarding the cyber world with fake news and repeat messages, with a view to turning lies into truths and truths into lies. And the wireless world of human automatons soaks it up and makes their choice based on mostly sh*t!






BB

[bellbottom] 08/8/2020 11:29

U.S. accuses Kolomoisky of money laundering.



Just more background goings on, in Ukraine and in the wider world, with the historical oligarch banks and their oligarch owners. This one (Privatbank) happens to have been the biggest of its kind in Ukraine.

Lots of ongoing accusations and equally fervent denials, back and forth.

BB

[bellbottom] 08/8/2020 09:55

Hey Lodgeview - What's as good as over? Not sure what you mean. Can you elaborate?

BB

[lodgeview] 08/8/2020 00:12

It's as good as over

[bellbottom] 07/8/2020 10:25

Very frustrating to see the price fall again after such good half year results and another dividend payment. I really was expecting us to stay above £2.00 and then to climb higher. As PI's I suppose we are just pawns in a bigger game and we must never forget that.
Always tomorrow and then the tomorrow after.

BB

[thags] 07/8/2020 10:08

Unlikely the shares just can't stay above 200 without a dive back down :(

[its the oxman] 07/8/2020 10:00

Surely move above 200p is coming.

[arja] 06/8/2020 21:30

foxy22,
you might like to read this article from an aussie paper .

hxxps://themarketherald.com.au/wa-exports-boost-economy-during-covid-19-turmoil-2020-08-06/

[bellbottom] 06/8/2020 16:48

Sounds like they are doing the right thing in confirming what the payments were used for. Openness is critical going forward, to avoid the mistakes of the past.

BB

[bellbottom] 06/8/2020 12:14

Not a subscriber to The Times but sounds like old news regarding the ex CEO. We've known about the issues for many months. Unless there are any new developments, then it's news we already know about and also that the market is fully aware of.

If someone can read the Times article and glean any new information from it, that might be helpful, but I doubt there is anything there we don't already know.

The ex CEO has to pay the price, whatever that may be, and then move on to the next stage of his business life. As I have stated before, I think that's more likely to be positive than negative, with undoubted negotiations continuing.

The main worry for the future more likely to be Brazil back on full capacity, China sales dropping off and iron ore prices falling in latter part of this year. Ferrexpo have shown they are a strong and able business, no doubt with the ex CEO having an ongoing input. There are bound to be peaks and troughs, but either way, we are still way undervalued.

BB

[arja] 06/8/2020 11:40

holding it's gain today foxy22 even as most mining stocks down but iron ore price is reaching a weekly chart resistance but resistance is there to be broken and it has MOMENTUM . good luck sport

[r9505571] 06/8/2020 10:27

Massive article in The Times today about FXPO. Advice: AVOID. Why? Corporate governance concerns outweigh a solid operational performance

[foxy22] 05/8/2020 16:02

Yes Arja it's performing like Fortescue todayCan we close at 210 my predictionFxpo go go .....

[bellbottom] 05/8/2020 15:26

Can we stay above 200 and build on it between now and the 12th August? I don't see why not. Iron ore price flying.

Hopefully no bad news on the horizon. I'm expecting the opposite, when it comes to the ex CEO and his relationship with the current government in Ukraine, but that's just a hunch. There's loads of stuff happening in the background, I'm sure.

And this company has laid the ground works for a very bright future.

Happy today!

BB

[bozzy_s] 05/8/2020 14:37

Smashing results as expected. Reading them you wouldn't know there was a global pandemic going on. A big well done to FXPO.

I make that the 5th dividend to be received in 2020. 6.6c + 3.3c + 3.3c + 6.6c + 6.6c = 26.4c total.

And still plenty of cash left over for paying down debt.

[arja] 05/8/2020 14:21

foxy22,
was focused on trading CEY and SMT today and just noticed FXPO . I assume market thinks results were above expectations . Hope it starts to perform for you like your aussie baby ( smile ) .

[carer] 05/8/2020 10:47

This is a good company paying out steady dividends which will cover the share price paid now after a couple of years pay out. It is impressive even under cov-19 situation to keep maintaining the momentum of profits. Would not be surprised the share will go back to 300 p level. Very much under valued share because of It is based in Ukrain?

[r9505571] 05/8/2020 09:28

Really forward thinking company! Considering long term contracts with China to offset any downturn in Europe and negate Covid Risk.

[r9505571] 05/8/2020 09:22

Listening to analyst presentation here