Ferrexpo Share Discussion Threads

[r9505571] 17/3/2021 09:44

Upgrade the remaining 3 pelletizer lines this year. To maintain 12mt/pa. Cap Ex of up to $300 but flexible on this. Add Concentrate sales in 2021. Price environment strong. No Hedging. Exposure to forward lines. mix of contracts for long term and spot markets. C1 cost remaining stable. Investing in renewables to reduce reliance on oil, gas and electricity. Spot market vs contracts. Selling to long term customers is better for long term profitability

[r9505571] 17/3/2021 09:36

Batted that question away about delisting well with the Corporate Governance slant. But he dodged the skeleton in closet of their 'major holder'

[r9505571] 17/3/2021 09:26

It will take a while for the word to get out. But with increasing dividends coming in 2021 PI's will be buying this for their ISA's. Brokers will have to tip this now based on these strong results.

[its the oxman] 17/3/2021 09:25

Sometimes it seems market struggles to accept growth and rerate the profitability of anything non technology related. But it will come, especially with the size of the divs and if iron ore can just hold around current levels.

[chessmaster10] 17/3/2021 09:19

Any thoughts on the muted price reaction?

Seems odd.

I know this sometimes happens on great results, hopefully the volume will start coming in over the next days.

[r9505571] 17/3/2021 09:09

Anyone watching the Webcast?

[bellbottom] 17/3/2021 08:40

The ex CEO should receive around an £82.8 million dividend payment, less any taxes.

We are now in positive cash position and increased 67% fe pellets production going to play a crucial role in the years to come.

We will see a slight drop off in production 1st half of this year due to one of the four pelletisers needing an upgrade. But overall these results are amazing.

BB

[dodge meister] 17/3/2021 08:38

Holy smokes, didnt realise the resource base was this large "Geological work completed during the year focused on in-pit drilling and led to a 12% increase in the Group's JORC-compliant Mineral Resources at FPM and FYM combined, and a 3% increase in the Group's total Ore Reserves, with these estimates shown in the table on page 14. At current processing rates, the Group has sufficient Ore Reserves for over 50 years of further production. The resource update process in 2020 also identified 6.3 billion tonnes of additional material at depth below the Group's existing mines with exploration potential for exploitation via underground means. This mineralisation sits outside of the Group's JORC compliant Mineral Resource estimate."

[frazboy] 17/3/2021 08:27

Anyone know if you can hold these in an SB account, and receive the full dividend?

[bellbottom] 17/3/2021 08:20

Swiss Withholding Tax. I've given up on trying to claim it back in SIPP and ISA.
Is there anyone on here that has had success claiming it back?

Great results and what a dividend! Wowser!

BB

[its the oxman] 17/3/2021 08:05

Very strong results, div is a whopper, keen to see how forecasts and targets shape up for 2021 with almost 3 months under our belt at higher iron ore prices. Surely progress through 400p can't be that far away.

[thelongandtheshortandthetall] 17/3/2021 08:03

Great special Divi coming!!

[overeager] 17/3/2021 07:58

Great results.
Given the free cash flow now being generated and the withholding tax issues on the dividend, I wish they would start buying in and cancelling some shares. That would also help get the share price where it deserves to be.

Not often you get to see annual dividends greater than your entry price.

[r9505571] 17/3/2021 07:58

What a set of results to wake up to!

[thags] 17/3/2021 07:48

You can claim the wht through your self assessment but I still haven't figured out how to claim it if it's in an ISA

[zho] 17/3/2021 07:37

>>Is there an issue with receiving the full divi?>>

35% withholding tax. Yes it can be reclaimed, supposedly, but anecdotal reports suggest that the Swiss authorities make this v difficult in practice.

[podgyted] 17/3/2021 07:36

Consensus EPS $0.89 , Actual EPS $1.08.

Not bad at all !

[eggbaconandbubble] 17/3/2021 07:34

Is there an issue with receiving the full divi? i.e. Is there some withholding tax applied by the Swiss Govt. that has to be claimed back by shareholders?

[basem1] 17/3/2021 07:07

Wowsa stunning results

[zho] 17/3/2021 06:57

Iron ore slips from highs as China’s pollution crackdown stirs worries

A pollution crackdown in China’s rustbelt is starting to weigh down on the price of iron ore, the steelmaking ingredient that is the biggest generator of profits for leading miners.

(search on headline to access article)

[zho] 16/3/2021 18:09

I missed this interview with Jim North from a couple of weeks ago:

[denc] 16/3/2021 13:38

The divi is the question. Will it drive the price higher.

[bozzy_s] 15/3/2021 21:24

65% iron ore at a 5 day low according to CUSteel, not a 5 week low. Price was definitely lower on 9th and 10th March.

[bellbottom] 15/3/2021 09:22

I note Biden's continued pressure on Ukraine to stamp out corruption, 'oligarchs, dirty judges and mafia networks.'

And the IMF are still withholding a large chunk of money in a $5billion loan deal because of Ukraine's failure to meet agreed conditions.

I wonder how this might affect our ex CEO's position further down the line. My worry is that Zelensky doesn't have the option of negotiation with lower level oligarchs (ex CEO?) and US pressure means he has to see prosecutions through to the bitter end.
I think we'd all rather that Zhevago agrees a financial payment and all potetial charges are dropped.



BB