Share Name Share Symbol Market Type Share ISIN Share Description
Ferrexpo Plc LSE:FXPO London Ordinary Share GB00B1XH2C03 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  6.80 3.82% 184.80 489,834 13:10:48
Bid Price Offer Price High Price Low Price Open Price
184.40 184.70 185.00 177.50 181.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Metals 1,136.12 346.54 51.73 3.5 1,135
Last Trade Time Trade Type Trade Size Trade Price Currency
13:09:31 AT 90 184.80 GBX

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Date Time Title Posts
31/8/201708:20Ferrexpo thread with charts765
21/9/201511:22BUY AND HOLD in Ferrexpo (FXPO) 2

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Ferrexpo Daily Update: Ferrexpo Plc is listed in the Industrial Metals sector of the London Stock Exchange with ticker FXPO. The last closing price for Ferrexpo was 178p.
Ferrexpo Plc has a 4 week average price of 164.40p and a 12 week average price of 164.40p.
The 1 year high share price is 212.40p while the 1 year low share price is currently 94.88p.
There are currently 613,967,956 shares in issue and the average daily traded volume is 828,816 shares. The market capitalisation of Ferrexpo Plc is £1,127,245,167.22.
bellbottom: Well Lodgeview, not 'livid' exactly but certainly disappointed. But given that I am here for the mid term to long term and not to make a short term killing, and still in profit (on paper at least) then I am not too bothered. As I have stated, look at the share price graphs of the last month for RIO/GLEN/BHP. They are not dissimilar to FXPO. There are other factors at play here. Hindsight a wonderful thing which might suggest turning all into cash for the foreseeable future. Strange times are leading to strange patterns of share price behaviour. Dividend due on Thursday but doesn't cover the recent drops. But mustn't grumble. I've still got you to cheer me up with your pearls of wisdom! BB
lodgeview: I'll receive £1400 from dividend on Friday so looking forward to that. I hope the share price recovers from the drop due to the divi so it is covered. I hold 30,000 equivalent shares and there is no Swiss withholding tax to bother about for me!
bozzy_s: Welcome Undervaluedassets. You've found a company that matches your moniker! With that latest special dividend announcement, FXPO will have paid the following in 2020: 17th January 6.6c 14th May 3.3c 2nd July 3.3c 3rd July 6.6c 26th August 6.6c 8th October 6.6c As you mention, this is a stand-out performance. There's nothing in the same league as FXPO for dividend yield. However there must be a reason the shares are priced at such a discount. Bellbottom is easily the most knowledgable contributer on this board. It's worth reading his links to get a feeling of what life's like in Ukraine. In my view, these are the main reasons the shares are below half price: 1) Konstatin Zhevago Founder and majority shareholder (50.3%) is in big trouble with Ukrainian authorities for alleged fraud at banks he controlled. In addition Ferrexpo itself has been dragged through the mud, with various suspicious activities involving a charitable arm, and the football club Vorskla Poltava. While Zhevago has stepped down from the board, his majority shareholding is probably the biggest reason for FXPO's low valuation. 2) Russia Again this is better covered by Bellbottom. The fear that Russia will try to take more Ukrainian territory. The question I'd ask, if this horrible situation were to happen, is would we lose FXPO as a result? Surely there's a fair chance it'd be business as usual. 3) Dividend witholding tax 35% of the dividend payments are kept as Swiss Witholding Tax. 15% can be reclaimed at a later date. Therefore shareholders will 'only' receive 21.45c of dividends in 2020, out of the 33c declared.
bellbottom: Hi UVAssets, I suggest you take a look through previous posts to get some idea of what is holding the share price back. It's not down to just one aspect. There are a number of issues. Some are very resolvable and others involve instability within Ukraine and in the region (Russia) and long term inherent corruption within Ukraine. I am personally hopeful in seeing the share price get to at least £2.30 or £2.50 in short to mid term. Longer term could and should be nearer £3.50 but as I said, loads of influences on the sp, any one of which can bring the price down. A good trading stock for those who can pick the peaks and troughs. Doesn't always follow the regular pattern of climbing up to ex divi day and then falling back the say after. Good luck and welcome to the fxpo club! BB
thags: Looking at iron ore futures they appear on a downtrend like the share price, shame the share price movement never reflected the recent prices. It seems to remain static with high prices and drifts lower with lower prices unfortunately :(
thags: Don't worry lodgeview. It still is very cheap. Name me any other companies with the same fundamentals for the share price. For now just enjoy the dividend and just wait for the shares to rise again, worst case is buy more if it drops. I don't see it falling to 100 again unless the price of iron ore collapses which is unlikely. We're all frustrated by the share price but I'm personally holding on in case I miss the pump when it comes
bozzy_s: I've no problem with the occasional red day. If every company were valued 'fairly' there wouldn't be much money to be made by trading shares. No share trading = no liquidity = much wider buy/sell spread etc. We know the reasons for FXPO being priced at about a 50-70% discount vs its peers. There is always a risk, whether negligible, slight or moderate, that shareholders make a loss of 100%. On the other hand there's the reward of a huge annual dividend. And in recent months an increase in share price too. Plus the defensive qualities of a natural resources company, meaning it has been shielded from Covid-19 fallout. While many companies have been hit financially and operationally by the virus, slashing and cancelling dividends everywhere, FXPO has had a strong year to date. The share price has risen from 159p to 192p, in addition to ~20p being paid in dividends (before Swiss Witholding Tax of course). At that rate we need only wait a few years to recover our original investment in full. And who knows, maybe with a bumper performance in H2 2020 that annual dividend might yet rise from 26.4c / 20p. And if that happened I expect the market would take notice and lift us above 250p.
zho: >>Iron Ore price. Up around 10% in a week.>> Yep. And up 23% in the past 3 months. I expect the FXPO price will follow in due course, political 'difficulties' allowing.
foxy22: Thanks for your great insights and interesting that imf bailout is being released to Ukraine Tom ...maybe fxpo could benefitThis zhevago and his problems with current govt and his history with collapsed bank do not leave one feeling particularly confident and secure with ferrexpo share.The most recent share price collapse was quite nerve wracking....I do agree the share is well underpriced and as vale has problems and soaring iron ore price ....should make ferrexpo go much u think there is possibility of t/o if he were to sell his sharesLook at another pure iron ore play forte sue metals in's done over 150% this last year.....
foxy22: Chicken Kiev !!! Thanks for infoThis fxpo seems to be recovering due to iron ore price and problems with Brazil...vale is worlds biggest pellet prod so with recovering mining in Poltava region maybe fxpo share price can creep up despite its political issues and ceos scrutiny and corruption.
Ferrexpo share price data is direct from the London Stock Exchange
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