Ferrexpo Share Discussion Threads

[thags] 04/8/2021 07:13

Bozzy you were spot on. I'll let you do the summary but as we all knew stellar results!
The faithful who held have been rewarded

[thags] 03/8/2021 19:25

Bozzy I think concord said should be around 80c this year if I remember right so you're not far off there. I think they will announce another dividend towards the end of the year but it all depends on how much cash balance they've built up. They're spending a fair amount on capex for those communition machines and solar plants so that makes me think they'll delay it a bit

[yawn1971] 03/8/2021 16:02

Hey Bpzzy. Take Thags for a beer. No offence Thags. Good luck all. Holding fast here.

[bozzy_s] 03/8/2021 15:54

My money's on us smashing through the £5 barrier tomorrow. My guess is EPS of $1.40. And a 4th dividend payment of the year of 19.8c, making a total of 85.8c / 61.7p.

[xamf] 03/8/2021 14:39

I’ve sold half my holding this afternoon and will buy back tomorrow if we have any retracement. Very happy with the return so far. Thank you to everyone who contributes to what are very informative posts to this thread.

[yawn1971] 03/8/2021 13:49

I also am quite heavy in this ...

[yawn1971] 03/8/2021 13:48

Lol Chin Up Thags!

[thags] 03/8/2021 13:46

haha. I'm basing this on earnings from other miners and iron price dropping recently. that 500p barrier is a tough nut to crack. I'm heavily invested (70% of my portfolio) and have no intention of selling and I still believe this is a ridiculously undervalued share based on geography and Mr Z holding 53%
we need a daily close above 501p for a breakout when that fails it just bounces around low 400 to 500

[xamf] 03/8/2021 13:39

You’re a bundle of fun Thags :)
I hope you’re wrong too.

[yawn1971] 03/8/2021 13:36

I hope you're wrong too!

[thags] 03/8/2021 13:11

490. Got a feeling it will tank tomorrow on positive earnings due to the run up, sincerely hope I'm wrong

[yawn1971] 03/8/2021 12:49

Closing price today folks ?

[1knocker] 02/8/2021 22:32

Very true 5star. Patience is rewarded for buyers. FXPO manages to drop to ridiculous prices remarkably often. Its price could be said to be ridiculously low now, but somehow I will contrive to drop below 400 again - or further! I sold a few at 195 not so many months ago, confidently expecting to buy back at 170, and for once it surprised me by just keeping going up. Happily, I retained most of my holding (some purchased as low as 26),and still my second largest holding and all paid for by trading and divis. I have also built a substantial stake in Diversified Energy at an average of 99. FXPO without the Swiss withholding;ding tax. Two shares for those who have no objection to being hosed with money.

[zho] 01/8/2021 09:00

Whether the natural resources boom can last is hotly contested. Many investors worry climate change makes the long-term future of the industry hard to read and they also fret about the tendency of executives to approve expensive projects at the peak of the cycle. Mining executives fear Chinese demand will slow down at some point, hitting iron ore in particular. But the current lack of investments may support other commodities, like copper and oil.

[5shar] 01/8/2021 04:39

Back in 2013/14 period of bust cycle in miners FXPO touched 12p then rebound 359s until covid crash this is wild both ways it truly swings both ways any deep correction is a buy on FXPO only time it's well left if monthly breaks down FTSE mining sector that's when you leave it alone until 70%+ drop then buy sell key resistance 1st test every 3months tends to give 20% and let it race upwards its like a juggernaut that occasionally falls of the track that's all

[5shar] 01/8/2021 04:34

Sure FXPO has certain elements of higher risk ie Ukraine and Zelensky the Loan granted by some Board members in the past..put that to one side FXPO is a money making machine there production costs are very low in comparison to competitors they have taken care of the huge debt they accumulated to upgrade operations and new added operations with current prices of the different Iron ore FXPO products the profits are vast there production is increasing generally Yr on Yr costs remain very low has they pay staff in local currency which is weak and sell in US $s the Zelensky affair is an issue he needs to be separated from the company in the greater interest of FXPO remove him FXPO will be trading much higher has he is like a bad smell if FXPO can show they no longer have such individuals who have taken advantage with a compliant Boatd of the past some new additions have really transformed company ..Zelensky needs to be forced to offload 1/3rd of his holdings if they can convince him FXPO will quickly rise above 600 the profits are astronomical but share price does not reflect the dividend Inc special dividend..if this was an asset of GLEN or RIO it would be valued by MKT cap close to 5 billionth is a substantial difference to 2.8 billion ..if we get a big flush out unlikely at the moment if 420 area will definitely buy back in good luck to all holders

[bellbottom] 30/7/2021 09:12

It seems that much property of the FXPO major shareholder and ex CEO's was confiscated to be sold off to recoup debts from the closure of his bank in 2015. Then this property was auctioned off in 2020. And who buys the property at auction at a massive discount? I imagine that didn't go down too well with Zelensky. Hence the new Interpol wanted man status.





BB

[xamf] 30/7/2021 09:06

Yawn. From one fellow optimist to another - It'll get there by Wednesday.

[yawn1971] 30/7/2021 08:12

Why am I always an optimist !

[bozzy_s] 29/7/2021 22:14

No probs Thags. We'll get to that closing high next week, either before or on results day.

Although the 65% pellet price has dropped from $328 to $280 in 3 weeks, it's still comfortably ahead of the H1 2021 average ($267), and the price at the start of 2021 ($225).

Hopefully it'll stabilize soon.

[thags] 29/7/2021 20:56

I was hoping from a technical point of view to close above the previous high. Don't get me wrong I've recouped some solid gains this past week. I do like smaller boring gains than these huge pump and dump type movements. The future is green steel with DR pellets so fxpo going in the right direction, would like these high prices to continue for a while longer into next year, we'll just have to wait and see

[bozzy_s] 29/7/2021 20:23

You're too easily disappointed Thags! Shares are never going to go up in a straight line, and certainly never going to close at the daily high every day. I'm pretty happy with 440p to 490p in a week - especially when the iron ore / pellet price has dropped like a stone.

[thags] 29/7/2021 20:13

Custeel iron ore dropped heavy today, pellet premium down over $10 to $51.50 overall $280.50

[yawn1971] 29/7/2021 19:52

And there was me getting excited for tomorrow

[thags] 29/7/2021 19:28

Very disappointing end to the day, majority of the gains lost. Tipranks analysts top estimate is 500 low of 300. Seems like 500 is the ceiling regardless of the fundamentals which we all know of. Wonder what the market wants from them to breach this stubborn resistance level, was hoping for a close above previous highs but that hope was cut short pretty early on