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
  2.80 0.87% 324.40 1,895,577 16:35:26
Bid Price Offer Price High Price Low Price Open Price
322.40 323.20 330.60 321.60 328.80
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Metals 1,136.12 346.54 51.73 6.5 1,992
Last Trade Time Trade Type Trade Size Trade Price Currency
17:43:37 O 7,301 325.48 GBX

Ferrexpo (FXPO) Latest News

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Ferrexpo (FXPO) Discussions and Chat

Ferrexpo Forums and Chat

Date Time Title Posts
31/8/201707:20Ferrexpo thread with charts765
21/9/201510:22BUY AND HOLD in Ferrexpo (FXPO) 2

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Ferrexpo (FXPO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-01-20 17:43:37325.487,30123,763.29O
2021-01-20 17:04:18323.829,26229,991.93O
2021-01-20 16:53:15324.653951,282.36O
2021-01-20 16:44:57326.12555,5431,811,725.89O
2021-01-20 16:35:26324.40367,8191,193,204.84UT
View all Ferrexpo trades in real-time

Ferrexpo (FXPO) Top Chat Posts

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 321.60p.
Ferrexpo Plc has a 4 week average price of 278.20p and a 12 week average price of 176.20p.
The 1 year high share price is 352.60p 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 2,336,428 shares. The market capitalisation of Ferrexpo Plc is £1,991,712,049.26.
bozzy_s: I expect some action when remaining debt is repaid. While buybacks are usually a negative - it says the company has no other ideas how to invest their cash - they sometimes help the share price. Combined with an increased dividend we ought to see a complete re-rating of FXPO shares. Fair value would be multiples of today's price - if iron ore remains in demand for the foreseeable. FXPO have several decades of JORC'd reserves to mine. They're priced as if they'll disappear in 3-4 years. Oh, ex-div date was 100%, without any doubt, last Thursday !!!! (Record date is normally day after ex-div. And ex-div is always on a Thursday for plcs in London)
bozzy_s: Yep, a very nice $236.90/t for fxpo When I first did my 2021 calcs the prevailing price was a head-spinning $190-odd. Now it needs to drop 20% to be back at that ridiculously high price! And while the share price has climbed nicely, and there will be traders who sell and move on, I think we're just at the beginning of the rally. At under £4 FXPO's trading on a ridiculous P/E of under 4, and paying one of the biggest dividend yields, if not the biggest, in London.
denziiil1: I have been trying to reasonably value the company, as I am sure most here, and I would be really happy for anyone to comment on my calcs for discrepancies.To note I have left off the pellet premium which is huge, currently standing at $45, and makes an incredible difference to EBITDA when added. However I have gone through company accounts and it does not appear to be reflected in the company sales prices. Ferrexpo have some reports on Premium pellet prices, & it seems the premium spot price to China runs at on average a $20 discount. H1,20 revenue $776M, Fe 65 price $105.90/t, Average C1 cash cost (US$/t) $40.9/t. Generated Underlying EBITDA $352M Jan 21 Fe pellet price $185/t, an uplift from $65/t achieved to $144/t, Based on multiple of 144/65 *$352M =$779M EBITDA for 6 months. =$1560M p/annum=£1155M p/annum For valuation purposesx4=$6.2B or £4.6B shares in issue 589M. Share price £4.6B/589M = £7.80 Final note: standard valuation for similar miners runs at an av of 4 to 6 x EBITDA. So I have chosen to cautiously look at the lower end of the valuation spectrumAlso again without discussions on pellet premiums.
bellbottom: Hi Bozzy, Yes, what a month it's been. In that time the share price gone up around 100p. Fxpo now represents 42% of my portfolio value as of today. A mixture of PANR/JAY/NEX makes up the remainder. I've been trawling through the internet for any related news items and nothing to be had. Very quiet, which I like. All the recent news bodes well for a healthy start to 2021. The icing on the cake would be a deal struck by Zhevago and the cherry on top would be a nice post christmas set of figures and accompanying dividend. Patience has paid off. Happy Christmas all fxpo holders. BB
bozzy_s: Another cracking day. FXPO was about 20% of my portfolio in March (AAZ 80%). Now it's something like 45:55. And I still think FXPO is ridiculously cheap by all measures. 2019 Dividend yield (6.7%) 2020 Dividend yield (6.7%) 2021 Dividend yield (hoping for ~30c = 7.5%) 2019 P/E ratio (5.8x) 2020 P/E ratio (guessing around 5x) 2021 P/E ratio (guessing around 4x) Potential events to spark re-rating of shares: Zhevago and Ukraine announce a settlement of their dispute. At the current share price Zhevago could pay off everything he owes. But I'm sure he'd prefer to haggle. Upgrade of 2021 earnings forecast. This is a no-brainer. A matter of when, not if. Repayment of outstanding debt. Announcement of increased dividends for 2021.
bozzy_s: ^ That's another reason I won't risk selling, even though I'm expecting a dip to 180-190 in the absence of news. A deal between Zhevago and Ukraine could happen any day, and could add £1 to the share price in quick time. Imagine the current iron ore prices hold firm. And that FXPO expands as planned. Zhevago makes an agreement with the Ukrainian authorities. FXPO maintains its dividend and initiates a buy-back with surplus cash. FXPO eventually gets valued on a P/E of 12, paying a 3% dividend while buying back stock. That'll equal a share price between £6 and £7. And while it's extremely bullish at £2 today, it's not out of the question. That's my medium-term target. The swings of 10p or 20p either way don't bother me.
bellbottom: There never seems to be any logic behind the rise and fall of fxpo share price. Iron ore price climbs, fxpo share price falls, iron ore price drops off, fxpo share price climbs, fxpo issues good news, price falls, no news and price climbs. This is partly why I am useless at buying on dips and selling on the peaks with this share. You have to take logic and chuck it on its head and then make your buy or sell decision. In any case it's a welcome climb north. BB
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
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
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.
Ferrexpo share price data is direct from the London Stock Exchange
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