Ferrexpo Share Discussion Threads

[v11slr] 25/3/2021 09:48

Seems like a lot of risk for 2.5p. A slight difference in your selling or buying price could easily wipe that out.

[tygarreg] 25/3/2021 09:34

Well I sold 70% of my holding yesterday at 3.82 and bought back this morning at 3.61. Could have timed both better but made 5%. So I dodged the divi and did at least as well, as I wouldn't be claiming off Swiss anyway. So I got slightly more than what I would have got and got it two weeks earlier. I usually get my dividend reinvested so the last part of the puzzle will be the price after the 12th of April. If its higher than today then I will have gained further still, than relying on the reinvestment program.It's all a gamble but an interesting and perhaps not too costly experiment.

[ouiey1000] 25/3/2021 08:29

Beautiful retrace to the ascending trend line.

[r9505571] 24/3/2021 18:56

https://www.spglobal.com/platts/en/market-insights/latest-news/metals/032421-iron-ore-amp-steel-outlook-for-q2-iron-ore-prices-to-stay-high-on-strong-steel-output

[thelongandtheshortandthetall] 24/3/2021 18:12

I'm with you on that.

[eggbaconandbubble] 24/3/2021 09:11

I've got a hunch - no sound reasoning implied - that the price will initially drop tomorrow then rise back up towards 4 quid fairly soon afterwards.

[podgyted] 23/3/2021 22:18

Have to accept the chaos around the special dividend - what the share price is going to do will only become apparent after that.

Used to be the same with Taylor Wimpey - but at least there WHT was not a problem.

[arcadian] 23/3/2021 18:37

Didn`t move the price much.

[eggbaconandbubble] 23/3/2021 16:39

circa £450,000 in divis. I trust they can claim Swizz tax back!

[zho] 23/3/2021 16:26

1.5 million buy (c. £5.7 million) 10 minutes ago

[kenmitch] 23/3/2021 15:22

Thags

Your best bet is to read their last results statement. You’ll see that RIO are throwing off oodles of cash and rapidly decreasing debt too. If commodity prices stay around where they are then future dividends will be just as big or even bigger. As I posted earlier Rio and BHP are the 2 big quality FTSE100 mining shares. Rio gets 99 on Stockopedia, and so does FXPO. I hold both.

Good suggestion from Pastybap!

[foxy22] 23/3/2021 12:28

Far more bluechipRio....dividend very high....

[thags] 23/3/2021 12:03

Kenmitch how reliable is the rio dividend, i've not followed rio at all so unsure what quality of business it is compared to fxpo

[pastybap] 23/3/2021 11:43

To be honest i've sold out prior to the dividend and will buy back on Friday. I really can't be bothered with the hassle of claiming Swiss WHT and will take my chances that the market will drop the price by closer to the full dividend amount. All shares are in an ISA and SIPP. FXPO shares are liquid enough to do this with!

[tygarreg] 23/3/2021 11:25

Looks like it's going into positive territory as buyers see this as last chance to grab this special dividend

[kenmitch] 23/3/2021 11:23

No Tygarreg. It’s the day you buy that counts and not the settlement date. Also for any who don’t know, ex dividend date is almost without exception on Thursday.

btw .....for any keen on big dividend paying mining shares, note that sector bellwether Rio Tinto has fallen from recent £65 to just £54 today. At the current price the dividend is nearing 10% and there could, as with FXPO, be further increases and specials ahead too.

It’s too late for Rio’s latest whopper dividend, but the good news is that the share has since fallen far more than that dividend making it better to buy now and miss out on that dividend. And the share price fall itself has increased the already exceptional dividend yield for a top FTSE100 share.

[tygarreg] 23/3/2021 10:55

I thought you had to have paid for them to get the dividend which takes two days?

[kenmitch] 23/3/2021 10:09

Yes. And if you buy tomorrow. The share price will be marked down by the dividend amount first thing Thursday. Anyone buying on Thursday will not get the dividend. Anyone selling on Thursday and any time after that will get the dividend even though they've sold out.

Also on Thursday, though the share will be marked down by the dividend amount, what happens during Thursday depends as usual on selling and buying. If there is a lot of buying on Trursday, or sector itself having a good day, the share will recover perhaps a lot of that ex dividend markdown. But if it’s a down day generally, and there’s a lot of selling, then the share will fall by more than the dividend deduction. For fans of FXPO that could provide another good buy or top up opportunity.

btw...the falls today are sector wide and not specific to FXPO.

[thags] 23/3/2021 10:08

if you buy before close of market on wednesday you will get the dividend.
This looks like it will drop quite hard on thursday with the price struggling before ex div date. with the dividend being 28.5p and the 20MA around 365p I can see it opening at 336p on thursday

[tygarreg] 23/3/2021 09:27

If you buy today will you get the dividend?

[kenmitch] 23/3/2021 09:06

Why not check for obvious dividend information?

e.g by looking at sites like this one:-



Ex dividend date this Thursday.

[arcadian] 23/3/2021 08:37

It will go ex.div at some point I assume.

[r9505571] 23/3/2021 08:19

https://www.mining.com/iron-ore-price-tumbles-on-chinese-weak-demand-concerns/