Ferrexpo Share Discussion Threads

[kenmitch] 26/3/2021 10:15

I tried the tactic of selling just before the share goes ex dividend and buying back again soon after. Overall it was a pointless exercise. Sometimes it worked well.Other times the share more than made up the whole of the drop almost from the start. It is worth considering for FXPO because of the Swiss tax, but for those of us who bought near the lows the dividends and specials are so big anyway. So best just to collect them imo.

[eggbaconandbubble] 26/3/2021 10:03

Extra 2 - 3 weeks to go around the Cape. Plus with so much extra shipping time taken up, global spot freight rates will also rise.

Let's hope the 'high-viz jackets' do actually get it sorted!!

[eggbaconandbubble] 26/3/2021 09:46

The blockage will soon be cleared. I just watched a Bloomberg video clip and they have a couple of high viz jackets on site!

Problem solved!!!

[bellbottom] 26/3/2021 09:02

I wonder how much affect the blocked Suez Canal is having on Ferrexpo shipping to China? They ship from Ukraine's southern port of Yuzhne across The Black Sea and through the Suez Canal in Capesize ships of around 150,000 tonnes.

According to the BBC the blockage is holding up $9.6 billion of goods per day.



Will it affect iron ore pricing?



Never a dull moment!

BB

[v11slr] 26/3/2021 07:16

Yesterday was a down day for commodities, that's why selling before the xd and buying back apparantly worked. Try it on an up day and the result will not be as good.

[arcadian] 26/3/2021 07:16

Me too. I didn`t expect yesterday`s sentiment re metals and bought back at 362. Things will be a little better this morning.

[bozzy_s] 25/3/2021 22:53

My diary for reclaiming Swiss Withholding Tax for the year 2020.

25/3/21

Make a note of dividend payment dates to send to ii - 17/1, 14/5, 2/7, 3/7, 26/8, 8/10 - six FXPO dividends in the year! Request Swiss tax vouchers for these.

Make a note of my tax office postal address and my tax number/reference. Will need to send Swiss tax vouchers here.

Download Swiss form 86 from their tax office website. Try to find program to open .qdf document. Download snapform viewer.





26/3/21

Reply from ii confirming they'll post my tax vouchers in the next 2 weeks

6/5/21

Tax vouchers arrived in the post with ii company seal embossed on each one

[pastybap] 25/3/2021 22:47

Hey, was my idea ;) Check our post #8434. I got out at 3.95 on Monday. But then returned slightly too early at 3.59 this morning...

[bozzy_s] 25/3/2021 22:42

Shout out to Tygarreg for the idea of selling before Ex-Div date and buying back afterwards (post 8414). Wish I'd done that myself! Could've 'kept' some of the 'dividend' by not reinvesting the full amount. Hindsight eh?

I'm starting the process of reclaiming Swiss Withholding Tax for 2020. Check my new FXPO thread for updates and links.

Shaf200 - you probably shouldn't be playing the stock market if you're spooked by -34p on a day when the shares were already down 29p for ex-dividend. Seriously!

[pastybap] 25/3/2021 19:22

Shaf, you appear a little bit special. The shares went xd for 39c today.

[shaf200] 25/3/2021 18:43

This is bloodbath

[basem1] 25/3/2021 14:20

Ex is ALWAYS the day before record date Come on guys are you novice investors or what

[sarahbudd] 25/3/2021 14:12

Would appear you're right ...as per results DividendsA special interim dividend of 39.6 US cents per share (2019: 3.3 US cents per share) has been announced and will be paid on 15 April 2021 to shareholders on the register at the close of business on 26 March 2021. The dividends paid in respect of 2020 are now 72.6 US cents (2019: 19.8 US cents), and this increase reflects the Group's continued strong operational and financial performance, transition to net cash position and continued healthy iron ore prices. The dividend will be paid in UK Pounds Sterling with an election to receive US Dollars. The Group's Board will consider, as appropriate, whether or not to propose a final dividend in respect of 2020, which if proposed will be put to the Group's AGM in May 2021.

[zho] 25/3/2021 13:50

>>Was there confusion on the ex divi day?>>

No. As someone (kenmitch?) pointed out, xd days are invariably Thursdays.

[denc] 25/3/2021 13:30

Was there confusion on the ex divi day? Dividend Data UK has it wrongly listed as today. It isn't , it's tomorrow.

[bellbottom] 25/3/2021 12:46

Hi Thags,

At some point you have to take the money and move on. I've been here years - in and out. I want to start spending it before I lose it all.

But never say never. We'll see what my other shares do in the coming months and years.
I do like a nice dividend - if one could get £30k or £40k in dividends in a SIPP every year then as well as capital growth. All sounds too good to be true.

BB

[thags] 25/3/2021 12:34

I'm going to enjoy the dividends and see what it does as I am too hoping for 500p. As most of us got in early I don't see any other company out there which will pay as much in almost guaranteed dividends. BB surely you see these at higher than £5 if they ramp up production and quality to 67% which they appear to be aiming for with the projected increase in capex. Once they reach 20 mtpa and 67% this will be heading to £10?

[bellbottom] 25/3/2021 12:01

If you are holding for mid to long term then you may consider this a great time to top up. I just bought some more this morning.

I've already been down the path of buying and selling on peaks and troughs and trying to be clever by selling before the dividend and buying back after. Sometimes I've done well and sometimes I've messed up. When I looked at my trading over a period of a couple of years, I realised that if I had left well alone I would have made more money.

Well done if you can make it work for you. I'm leaving these well alone unless we get some bad news, which has happened many times with this share, but I do believe the worst is over and we are on the ascendency. £5 a share and I'll possibly call it a day, take the money and run.

BB

[shaf200] 25/3/2021 11:43

Bloodbath....

[tygarreg] 25/3/2021 11:37

Now its 355. If only I had been busy this morning and waited until now!

[tygarreg] 25/3/2021 10:58

I agree but it so easily could have been more if had pressed the button at 359!!!! The other factor is the buyback price on April 14th. It could be very different to what it is now. Interesting experiment!

[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.