Ferrexpo Share Discussion Threads

[r9505571] 07/7/2022 08:24

Sales in the first half of 2022 of 4.4 million tonnes, representing a year on year decrease of 21%, and reflecting the same logistics constraints as referenced above. The Group is in advanced discussions with a number of logistics providers to resume access to seaborne markets via neighbouring countries.

[r9505571] 07/7/2022 08:23

Total iron ore pellet production for 2Q 2022 of 2.1 million tonnes, representing a year on year decrease of 27%, as a result of the ongoing conflict in Ukraine and associated logistics constraints.

[jgandolfi1] 07/7/2022 08:09

man production fell because they can't transport everything, in this case they are priority more valuable iron 65 and 67% to make more money with less to transport. If they keep this production with this price we will receive all money invested in 2 years with dividends

[wskill] 07/7/2022 07:52

With the share price fall I thought all production had stopped, plodding along nicely I would say in the face of what is happening to Ukraine.
Will add a few today after this update.

[gaffer73] 07/7/2022 07:37

Doing well considering.

[plat hunter] 06/7/2022 18:36

Unfortunately, i agree that this is likely the reality. G7 sanctions are meaningless unless they ban all commodity purchases and somehow convince India that not following, only tightens the pearl necklace around their neck.

[plentymorefish] 06/7/2022 17:39

I'm afraid that now the Russians appear to have got their horrible act together, they won't be stopping anytime soon and will look to take as much Ukranian territory as possible......the political turmoil here will only embolden Putin further as UK eyes are looking inward........

[thags] 06/7/2022 17:37

I disagree this will bounce from around 100 to 105 support zone

[jgandolfi1] 06/7/2022 17:34

I do not think chart works for this company now. It is easy broken chart with a good or bad news. If they find a new way to transport or the war done will go to moon

[plentymorefish] 06/7/2022 17:25

Horrible chart.......under 100p looks nailed on now......good luck ledge, I mean lodge......

[book5] 06/7/2022 17:12

We need a recession to bring oil to $40 and Gad much lower to put pressure in Putin
It seems we are going that way

[hamhamham1] 06/7/2022 16:14

Market is nervous, dropping to close with Q2 update tomorrow I think.

[jgandolfi1] 06/7/2022 16:04

I bought 30K in shares average 137, I will keep them forever to get dividends but I expected to go back to 250 next year

[jgandolfi1] 06/7/2022 15:59

yes is the same distance London to Edinburg, it is to far to go there, the issue is transport the production to buyers

[hamhamham1] 06/7/2022 12:10

Well, I bit the bullet today, bought 2 x 2k of these.
Can see the potential downside and upside.
Will be interesting to see the report tomorrow.
A case of tuck away for a couple if years IMO.

[lodgeview] 06/7/2022 11:03

The problem with the last post is it is factually incorrect and FXPO are not located where the arrow suggests. They are located in Horishni Plavni and the distance from Donbas to Horishni Plavni is over 530km!

[thags] 06/7/2022 10:33

not really, they don't have a set dividend but are looking to pay at least 30% of free cashflow as dividends going forwards. the swiss witholding tax is a killer so it may be beneficial selling before ex div date and buying back in after so you accumulate more shares instead of the dividend. saying that since they have no debt overall they should be buying back shares and giving dividends going forwards

[woodzeebeck] 06/7/2022 08:47

Is this share really paying a 45% divi??

[1knocker] 05/7/2022 15:46

There certainly does not look to be any reason to buy back in yet. Anything under 110 could prove a very good purchase though. This year FXPO has showed the wisdom of trading in and out, and not being too greedy. I hope no-one has resolutely held since before the invasion.

[arja] 05/7/2022 14:42

chart still looks awful and share price could eventually hit 105 support level . But all mining stocks crucified today !

[plentymorefish] 05/7/2022 13:38

Ledge, I mean lodge, let us know that you're ok, please!......

[book5] 05/7/2022 13:28

Looks that an update is needed

[book5] 05/7/2022 13:28

Looks that an update is needed

[hamhamham1] 05/7/2022 12:58

And others elude to, the 17p quote, well thats the share price low in Jan 2016, 16.75p, so no historic low close to current.

Does anyone know the reason that this share price was previously walked down from 500p to 17p from 2011 to 2016???

And also the reason for 2008 the 433p down to 22p in a single year? This one is the great recession I guess :) stupid me!