Ferrexpo Share Discussion Threads

[denziiil1] 15/1/2021 07:49

Sure why not.

[eggbaconandbubble] 15/1/2021 02:45

denziiil1 - "China war on pollution" - I think Melissa Pistilli is living in Cloud cuckoo land!

[denziiil1] 14/1/2021 23:08

FXPO planned and executed towards this perfectly. https://investingnews.com/innspired/china's-war-on-pollution-driving-demand-for-high-grade-iron-ore-pellets/

[harrywilliam] 14/1/2021 19:45

Are spreadbet dividends taxed at source.

[recut more] 14/1/2021 17:17

@bushranger: Divi paid by Spreadex, maybe you should try them.

[thags] 14/1/2021 16:48

Definitely a great story for the faithful. I always knew it was a solid company, resource rich, generating a good margin & cash with low debt, undervalued and paying a dividend. Just a shame I had no money left when it hit 100, retirement would have been that much closer...

[snickerdog] 14/1/2021 16:34

This is a great story, really coming together now

[bozzy_s] 14/1/2021 15:38

Dividends normally paid on spreadbets on Ex-Div day.

[bushranger] 14/1/2021 15:19

Recut more 14 Jan '21 - 09:57 - 8086 of 8089

Ex divi today, hence the drop, a good day to grab some more, my divi paid today already, Thank you FXPO

@Recut more - FXPO goes ex divi today but the dividend is NOT paid by the company until 28th January. So are you lying or do you have a majic broker?

[blueclyde] 14/1/2021 15:02

New high on the 65% Fines today and Biden about to get the stimulus bazooka out.

[denziiil1] 14/1/2021 14:16

Company isn't paying the dividend until 28th January.

[mk_advfn] 14/1/2021 12:49

With regards to the question "How high this could go" I only have to say this, "Only sky it the limit :P"

[recut more] 14/1/2021 09:57

Ex divi today, hence the drop, a good day to grab some more, my divi paid today already, Thank you FXPO

[shaf200] 14/1/2021 09:25

How high could this go... looks lo like a large retrace due??

[denziiil1] 13/1/2021 10:43

In the meantime, it's wait and accumulate. Not exactly the worst situation to be in.Plenty of dividends and quarterly cash builds to push the share price forward

[bellbottom] 13/1/2021 09:42

As I see it, there are two possible scenarios regarding the ex CEO.

His share of the dividend pot is pretty humungous. I can't remember the annual figure off hand, but I have always suspected he is cash poor and has been accumulating a sizable wad to do the deal with Zelensky's government. He has many businesses and properties in Ukraine and not being able to enter the country must be a serious issue with his empire. So, option one is doing the deal. We know Zelensky has already hinted at the possibility when he visited Zhevago's Autokraz factory.

Option two. If option one doesn't pan out then Zhevago will wait it out for the next presidential election and hope that Zelensky doesn't get back in. That would probably mean a flip back to the old guard of Ukrainian politics.

On the one hand Zhevago is pro-Western, yet a more oligarch friendly government would serve him better. Morally speaking, he is possibly being pulled in two opposing directions. Which will win out is a guessing game.

IMHO

BB

[podgyted] 12/1/2021 23:56

Yup ... Dr Z .... therein lies the problem.

Until that is solved its impossible to put a value on this other than to say its seems way too low at the moment. Equally you can virtually guarantee if some bad news comes out about him this will drop 10-20%.

Really frustrating.

BTW - another slight increase according to Custeel today.

[bozzy_s] 12/1/2021 21:50

^ Yes correct. Any offer would have to be accepted by Dr Z.

Probably why there wasn't a bidder when the shares were trading on a P/E of 2, paying a 15-20% dividend, last summer.

[zho] 12/1/2021 18:22

>>How long will we get though before a bidder comes and tries to take it?>>

Doesn't Zhevago still own 50.3%?

[blueclyde] 12/1/2021 18:06

Every government around the world is going to be doing infrastructure stimulus this year and iron ore will very much be in demand. Also a weaker dollar could see another bull market cycle for commodities.I have filled my SIPP with this also as the dividends will be ridiculous in the months to come. How long will we get though before a bidder comes and tries to take it?

[eggbaconandbubble] 12/1/2021 17:36

Boz, if the machine allowed I would give you 3 x upticks for that comment!

[bozzy_s] 12/1/2021 17:15

Sensational update. Cash inflow of $178m in H2 2020, while paying dividends and taxes etc.

Not sure what the average selling price was in that half year, but it sure as heck would've been lower than today.

Things could get very exciting when the remaining debt is repaid. Imagine if they hiked the dividend to 50% of earnings, and undertook a share buy-back at the same time. 40p - 50p per year divi plus FXPO buying its own shares? Won't be trading at £3.50 if that happens.

[mustau] 12/1/2021 12:06

They’ll still make heaps of cash even if drop in ore. I expect this above 5.