Ferrexpo Share Discussion Threads

[sarahbudd] 30/5/2021 09:51

Only trading accounts I understand. Which I have successfully done in past. Can't in ISA either..

[sarahbudd] 30/5/2021 09:50

That's absolutely how I have understood it

[zho] 30/5/2021 09:31

Hi Sarah,

My (rather hazy) understanding is that it's not possible to reclaim SWT for shares held in a SIPP, but it should be possible for shares held in ISAs.

[sarahbudd] 30/5/2021 09:18

That would have been Charles Schwab perhaps...? Many moons ago. It would certainly be great to be able to reclaim from SIPP... fingers crossed.

[zho] 30/5/2021 08:26

Hi bozzy_s,

I've emailed Andy Bell, and he's tasked somebody to take a closer look.

I suspect that they might not have understood the problem - that they think investors are asking A J Bell to reclaim the tax themselves, or to somehow wangle things so that they receive the dividend net of SWT, whereas all we're asking for is a statement of tax deducted so that we can reclaim the SWT ourselves.

[bozzy_s] 29/5/2021 22:25

That's terrible service zho. I'd be switching to another broker. For me II has always been pretty decent. I didn't choose them - they took over TD Waterhouse who themselves took over my original broker - can't remember name for sure - maybe etrade?

Check out II's fees. It's a fairly high monthly charge, but low dealing costs. I think I pay £3.99 per trade, any size.

[shaf200] 28/5/2021 15:46

We were at 500p now at 450p...not happy

[foxy22] 28/5/2021 15:27

What's this about

[bellbottom] 28/5/2021 13:34

A summary of key factors from yesterday's AGM and voting percentages.



Plasybryn - Zhevago is only the 51% major shareholder. He is still the major player and influencer on company direction. He owns many companies but FXPO is his 'baby' and most important business, especially now that he is no longer a Ukrainian MP.
Also, I believe he still has a warrant out for his arrest due to 'irregularities' with his bank of Finance and Credit, which was shut down by the NBU.

If you don't know anything about him then I'd suggest you do a check on Wikipedia or google or previous posts on this forum. Makes for interesting reading and is one of the factors holding back the share price

BB

[plasybryn] 27/5/2021 22:06

He's only Non Executive Director. Doesn't hold a key position?

[plasybryn] 27/5/2021 21:58

Why are 26% negative towards him please?

[r9505571] 27/5/2021 21:21

Mixture of things? 26% of shareholders vote against reelection of Kostyantin Zhevago to board.From ADVFN markets bulletin...Ferrexpo jumped 5.74%, as iron prices bounced off recent lows.Improvement of the dollar and looks like a big seller cleared? Who knows but onwards and upwards!

[plasybryn] 27/5/2021 19:14

Well it was a great, confident presentation this morning. Available for all to watch. Go to their Web site to get the link. This is a very sound, well managed Co. with a cast iron (pun) balance sheet. And of course nice strong dividends to reward shareholders.

[shaf200] 27/5/2021 16:12

Dead dog bounce or start of another new dawn

[arieljcohen] 27/5/2021 16:00

what's causing the big spike today?

[zho] 27/5/2021 15:48

Significant (>20%) votes cast against re-election of 3 directors.

[bellbottom] 27/5/2021 10:35

Well done Bozzy getting in at 433. Wish I had some spare dosh to have done the same.
Looking forward to Simply Wall Street being right in their valuation, hopefully soon!!! Stranger things have happened.

BB

[its the oxman] 27/5/2021 10:20

This might not hit 12 pound anytime soon but 6-7 pound looks justifiable if ore can just trade around current levels. Little reason to sell unless your spooked by Ukraine exposure.

[djstevens8614] 27/5/2021 08:31

Better start, it's been a few days since we've had a positive one.

[1knocker] 27/5/2021 07:58

I see the case for a £12 valuation, but do not think we shall see an share price anything like that.This is Ukrainian, and there is that major shareholder, who is persona non grata with the govt ....

I think that sometime before the year end we shall get another sub 400, perhaps substantially sub 400 entry point. I can't provide a mathematical reason for that, it is just the nature of the beast.

FXPO is now my second largest holding, and all paid for by trading in and out and dividends. Ad ideal stock if you are disciplined and patient. Given the risks, I like to see the profit paid out in dividends rather than reinvested in the business or accumulated.

Rather than buy more at these prices, I have been accumulating Diversified Gas (the former DGOC). It too pays a stinking and rising dividend, and seems to me to be inexpensive. I think of it as FXPO without the Swiss withholding tax!

With markets so high, and propped up by crazy amounts of QE, the income element of my portfolio (of which FXPO, Diversified Gas, and a chunk of BAT are the cornerstone)is very reassuring. I prefer to be hosed with money than to have paper profits which only become certain when I sell.

[zho] 27/5/2021 07:32

I've had a reply from A J Bell. No dice I'm afraid. They refer me to their terms which say:

"Tax treaty arrangements are available for any share dealings in the US and Canadian markets. However any dividend income you receive in other markets would be subject to that country’s relevant withholding tax. We do not offer any tax reclaim service."

It looks as if I've take this as far as I can with Customer Services and I'm minded to write directly to Andy Bell.

[bozzy_s] 26/5/2021 23:00

Maybe jumped in too soon. Pellet price down a massive $16 on the day to $212.80. FXPO still undervalued though. Good to hear Simply Wall Street now have a 170%+ upside.

[r9505571] 26/5/2021 14:13

Simply Wall Street have updated their valuation of FXPO to £12.23 making it >64% undervalued

[norman the doorman] 26/5/2021 14:01

brought some more as well. if the ynks crash the dollar then no matter what China says - prices are going higher.