Ferrexpo Share Discussion Threads

[denziiil1] 19/1/2021 19:08

Ok i'm with you blue.It dawned on me it's cheaper,easier & faster to buy back half the company than capex and build out to 20k t/pa.Watch the dividends grow then!

[blueclyde] 19/1/2021 18:36

Hence why I expect the company will start a share buy back program the PE is silly.

[denziiil1] 19/1/2021 18:19

p/e 2.2x Cash build £800M/annum.3p/ week on share price Blackrock and Prudential buying.Real duh moment for those selling.

[eggbaconandbubble] 19/1/2021 08:29

Bozzy, thanks for confirmation ex-d

[bozzy_s] 19/1/2021 03:56

I expect some action when remaining debt is repaid.

While buybacks are usually a negative - it says the company has no other ideas how to invest their cash - they sometimes help the share price.

Combined with an increased dividend we ought to see a complete re-rating of FXPO shares. Fair value would be multiples of today's price - if iron ore remains in demand for the foreseeable. FXPO have several decades of JORC'd reserves to mine. They're priced as if they'll disappear in 3-4 years.

Oh, ex-div date was 100%, without any doubt, last Thursday !!!! (Record date is normally day after ex-div. And ex-div is always on a Thursday for plcs in London)

[blueclyde] 18/1/2021 22:44

I guess what I am trying to say is prior to recently investing I looked back at all the previous RNSs. This was the most bullish worded production update. None of them previously mentioned anything about cash positions. They were trying to spell it out make it obvious and at the same time they announce a new broker on the back of the production update. Something is brewing.

[podgyted] 18/1/2021 21:14

He can have mine for a tenner each. LoL

[denziiil1] 18/1/2021 20:54

lol, 47% to purchase?

[podgyted] 18/1/2021 20:47

Well there's 53% to sell.

[blueclyde] 18/1/2021 19:16

You could argue either way but keep your eyes peeled the broker has not been brought in to skin off fees for nothing.

[podgyted] 18/1/2021 19:08

Agree KM.

Another point, whilst I don't like the WHT, if they pay divi's I (yes! me, myself, I) get to decide what to do with the money - that could involve buying shares in another company, going out on a bender for several weeks (prob. not at the moment), sending some money to my poor student kids...............

[eggbaconandbubble] 18/1/2021 18:58

So Igbert - was it last week or today???? see message 8107 quote from RNS 5 Jan!

[blueclyde] 18/1/2021 18:12

Buy backs can be effective particularly when you are paying 35% WHT. I suspect there could be news on this front with the appointment of the new broker.

[denziiil1] 18/1/2021 17:44

Would rather fxpo used cash to increase production bluecycle

[blueclyde] 18/1/2021 17:28

I wonder with the WHT on the dividend not being great if they will start using a stock buy back program too.

[denziiil1] 18/1/2021 16:06

fe65 pellets premium on fire $243.3/t.our C1 $40.90/t

[eggbaconandbubble] 18/1/2021 14:43

Ferrexpo PLC Special Interim Dividend Announcement

05/01/2021 7:00am
UK Regulatory (RNS & others)


The special interim dividend announced today will be paid on 28 January 2021 to shareholders on the register at the close of business on 15 January 2021. It will be paid in UK Pounds Sterling, with an election to receive in US Dollars.

[thags] 18/1/2021 14:42

It went up too quick, just retracing for a bit which it's always done after ex div previously too. I see it dropping to around 320 down to the 50 MA, if it breaks through that then 🤷‍a94;️, hopefully bounces from there, still undervalued imo

[igbertsponk] 18/1/2021 14:12

That was last week.

[eggbaconandbubble] 18/1/2021 13:57

I guess the only reason we are down today is cos shares have gone ex-div!

[bozzy_s] 15/1/2021 11:46

Harrywilliam - I think I can answer your question, although I don't use spreadbet accounts.

I believe the 35% Swiss witholding tax would've been taken off, as usual. But the remaining 65% payout would've been sent in full on ex-div day, tax free.

As I understand it there's no income tax or CGT on spreadbet accounts. However the spread quoted by the provider, and the cost of maintaining an open position, often offset those benefits.


Source - Google search for tax on dividends in spreadbet accounts. The example I found was a PLUS500 shareholder who was paid in full minus Israeli wiitholding tax of 25%.

[snickerdog] 15/1/2021 08:00

Great find on iron ore prices below, onwards and upwards