Ferrexpo Share Discussion Threads

[bellbottom] 22/6/2021 16:12

I am not clear what this means in terms of impact, if any? I thought Yuzhny was Ferrexpo's only sea port after the previous port at Zaliv was taken over by Russian Forces when they annexed Crimea? All Ferrexpo's capesize ships leave from the port of Yuzhny.




BB

[thags] 22/6/2021 10:53

I agree, this is my largest holding 2/3 of my portfolio. I haven't traded it just bought and held and the dividends have been huge. Did try and load up the swing trading account but missed the dip yesterday. Any new holders do get disheartened by the volatility and drops which occur for no justifiable reason. I bought on the fundamentals which are much stronger now than they were 2 yrs ago so there is nothing new which has shaken my long term confidence in this. Just remember around 5 yrs ago they had around 800 mil debt which has almost evaporated. We must be in a strong net cash position now given the ore price over the past few months so I'm just looking forward to half year results in August which will hopefully be stellar

[1knocker] 22/6/2021 10:09

Very true. It has been a great share for me, both for income and trading, and is now my second largest holding. I have bought as low as 26 and 56, and as low as 130 only about two years ago. Regretably, I sold the 130 top up tranche at 195 expecting to buy back at about 175 (it seemed a brilliant move at the time!),only to see the trading range broken and the best share price rise in years! I think the moral though is that when buying FXPO it pays to be patient. It can fall hard, for no very good reason, providing silly money buying opportunities. I tend to keep speculative limit buy orders in, and just wait. A few weeks ago we would have been saying that a move to £6 was more likely than £4. I think it would still be good value at £6, but I still want to buy as low as I can. To be fair though, I speak as someone who already has a fair sized holding, and only looking to top up further. I certainly would not disagree with anyone with a small or no holding deciding to get in for the income at the current price.

[themadstork] 22/6/2021 10:05

IG shows the latest Dalian spot price, updated live when the market is open (2-8am and 2-4pm UK time).

[v11slr] 22/6/2021 09:17

On the other hand if you'd bought FXPO anytime since September 2011 you'd be in profit now without even having to take dividends into account.

[1knocker] 22/6/2021 09:00

A broker downgrade of Rio Tinto today on prospects for iron ore prices. It may be as well to wait a bit before topping up further on FXPO. It is volatile at the best of times, and even after the recent slide, the share price is historically high. Patience is usually rewarded when looking to buy FXPO

[thags] 21/6/2021 21:29

Where is the best place to see the current iron ore market price. I use Custeel.net but it's a bit slow to update, any suggestions for viewing live prices

[bozzy_s] 21/6/2021 12:00

^ And I think Stockopedia is being very, very conservative with their pricing assumptions.

I added on Friday and will continue to buy at around this price. I have FXPO on a current P/E of 2.

[pigeonfeeder] 21/6/2021 09:39

According to Stockopedia FXPO is now trading at a 2021 estimated PE of 3.15 and a 2022 PE of 4.28.

Even if pellet prices drop significantly and profits fall back to 2018 levels of $334m at its current market cap of £2.45bn the PE ratio would only be around 10.

Off course there is some country risk and the ongoing issues around the largest shareholder, but it does seem incredibly cheap.

[angersharkz] 21/6/2021 09:39

djstevens8614- I would imagine alot of people are in the same boat, myself included. My stop losses are in place, just need to ride out the mass indiscriminate sell off that appears to be happening at the moment. Hopefully logic will prevail

[djstevens8614] 21/6/2021 09:25

My portfolio has had a very painful few days for no apparent reason!

[angersharkz] 21/6/2021 08:25

SP down almost 15% in 10 days… still not finding support and getting close to 400p

[r9505571] 18/6/2021 18:11

Yeah big seller pushed the price down further!

[thags] 18/6/2021 18:02

Custeel now $319 per tonne pellet premium has increased. The share price has detached from reality....

[thags] 18/6/2021 15:27

You need to hold them Wednesday close as ex div is almost always a Thursday. Then from open on Thursday you can keep or sell and still get the dividend

[zho] 18/6/2021 15:17

No. The shares went xd yesterday.

[r9505571] 18/6/2021 15:07

If you buy shares before 5pm are you eligible for the dividend?

[zho] 18/6/2021 11:03

Thags - see

AIUI, if you hold shares in an ISA you can claim back 20% (4/7ths of 35%), but only if your broker is prepared to play ball and supply you with the appropriate documents (see post 11 from bozzy_s).

I'm with A J Bell and at the moment they're not prepared to help out. Annoying.

[thags] 18/6/2021 10:58

Interesting, I thought you couldn't claim back wht in an isa so I'm assuming that's the 4/7. How would you claim the other 3/7 in an isa?

[zho] 18/6/2021 10:32

>>sipp and isa you can't claim back>>

Some brokers (inc. Hargreaves Lansdown, Interactive Investors) will supply the documentation needed to make claims for shares held in ISAs.

[thags] 18/6/2021 10:30

Well we've so far discovered
1, you can claim swt through self assessment if held in a normal share account and its really easy to do.
2, sipp and isa you can't claim back
3. If in a business account then you probably have to jump a lot of hoops to claim back 4/7 of the swt the other 3/7 via the double taxation treaty through your accountant although I have no idea how that would work
It's a shame really as I'm sure we'd all just hold in an isa or sipp and enjoy the full dividends

[bellbottom] 18/6/2021 09:57

1knocker

SWT - have given up trying to get refunded.
Blanking from my mind all that lovely lolly gifted to the Swiss!!
It's a Swizz!

BB

[1knocker] 17/6/2021 19:52

Thags, 10%
Bellbottom, with a holding like that I hope you have managed to get back the Swiss tax, and if not that they at least send you a nice thank you letter each dividend day!

[thags] 17/6/2021 19:45

1knocker what kind of dividend are you talking about with Dec. I'll go and have a look at the DD on the dec chat 👍

[1knocker] 17/6/2021 19:44

PS For some good analysis of the DEC business model, you need to go to the old DGOC thread and scroll back a bit. The Coy accounts do take a bit of getting your head around - for me anyway.