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Ferrexpo Plc

7.50 (8.16%)
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
  7.50 8.16% 99.40 566,029 13:12:34
Bid Price Offer Price High Price Low Price Open Price
99.20 99.95 101.10 92.20 92.20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Iron Ores 1,248.49 220.00 35.80 2.48 594.55
Last Trade Time Trade Type Trade Size Trade Price Currency
13:12:02 AT 450 99.40 GBX

Ferrexpo (FXPO) Latest News

Ferrexpo (FXPO) Discussions and Chat

Ferrexpo Forums and Chat

Date Time Title Posts
02/6/202310:18Ferrexpo 2021 onwards. Big dividends but 35% Swiss Witholding Tax.1,423
31/8/201708:20Ferrexpo thread with charts765
21/9/201511:22BUY 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

Ferrexpo (FXPO) Top Chat Posts

Top Posts
Posted at 25/5/2023 21:18 by 1knocker
The FXPO share price defied gravity and common sense all last year. It even found a trading range for a while, and those of us who bought back in after selling on the invasion made a bit of money. When it was last at 160 I decided to stop pushing my luck and got out, since which time the price has gone steadily south. A bullet dodged.

For those of you with a shorter association with FXPO than mine, it used to be highly profitable and paid a huge dividend (subject unfortunately to Swiss withholding tax which was for practical purposes too much trouble to recover - over the years I have provided far too many free lunches to the Swiss), but the share price was always held down by 'Ukrainian' issues. A big chunk of my initial holding was bought at 56, and (with considerable trepidation) subsequently at 26. Take a look at the long term charts. And that was without a war, or even the hint of a war cloud!

So don't chase. Let the price come to you. If we can buy in the 50s again, 5 years afterwards it may once again be a jewel of our portfolios. But for that to happen, the market will need to be convinced that dividends will restart and will grow.

Posted at 17/5/2023 08:49 by tigerbythetail
Thoughts, the morning after...
All in my opinion, and this all assumes that the accusations made yesterday are basically true (which I consider likely, but which is is not a given):
1) I have no trouble believing the accusations against the Supreme Court judges. They've been doing "business" like this for at least 20 years (to my direct knowledge).
2) The existing Supreme Court judgment in favour of FXPO will obviously be set aside in due course. And, whoever judges the rehearing of the case will be likely to find against FXPO (consider the pressure they'll be under!).
3) Despite Zhevago not being on the board, he has interfered in a court case relating to FXPO. How do FXPO now defend themselves against claims that he (a wanted man in Ukraine) is, in effect, a "shadow director" (controlling influence)?
4) Is this why Jim North got out so suddenly? Because he didn't want to lose his reputation? (Fair enough, if so).
5) FXPO are now a "marked" company in the eyes of the Ukrainian government. I don't expect a direct attack on the Swiss holding company, but I do expect attacks against their Ukrainian registered subsidiaries. License cancellations, bank account freezes, even nationalisations...
6) The only way out for FXPO is if Zhevago now sells his entire shareholding, with the approval of the Ukrainian authorities. But that's unlikely to happen.
In short, IMO, this is really bad, and I don't see much of a future here. A great pity.
But it's by fighting this "old" kind of corruption that a new and better Ukraine will be born. And that's a good thing.
Over and out.

Posted at 05/5/2023 13:07 by 1knocker
FXPO is getting closer to the sub 100 point at which it becomes interesting. As a long term holder who bought quite a bit of my holding years ago at 56 and then 25, and sold out when the price was defying gravity at the outbreak of the war, and then traded it a bit subsequently before getting out finally last year in the 160s, for me it needs to go sub 100 before the risk /reward ratio looks in any way attractive. I shall re-evaluate then.

My decision will probably depend to a significant degree upon the dividend prospects. Without confidence that there will be decent regular dividends in prospect, the price would probably have to drop a lot below 100 before a purchase of FXPO stacks up against other commodity stocks paying large, reliable, dividends. Its not just a question of whether one likes the look of FXPO, but of its relative attractiveness compared with other stocks.

Posted at 25/4/2023 16:34 by 1knocker
Yes, the current purchasers lack patience. The war will not end like a light switched on or off. It will be a messy business, a dial down rather than a sudden and complete rapprochement. Also, all the reporting on anything Ukrainian has been rose coloured for the last year; an end to the war would shift the focus to the mess left behind and the cost and difficulty of reconstruction. We probably also have a recession to negotiate during the next 12 months or so. The FXPO price is not going to run a away from us. We can afford to wait until it goes sub 100 at least.
Posted at 24/3/2023 13:22 by 1knocker
thags, take care. To my mind FXPO is not attractive until it goes significantly under 100.

I was a long time FXPO holder, sold out when the war clouds gathered, have traded n and out a bit since, and finally had done when FXPO was priced in the 160s. Something very remarkable would have to happen to bring me back (save perhaps for a trading punt on 'peace' hype, and taking damn good care to be out again before the hype bubble burst). I am not anti-FXPO. It is a matter of regret to me that I consider it uninvestable.

The problem is, 'resolution' ain't gonna happen, certainly not any time soon, quite likely not in our lifetimes. The ferocity of the fighting may be (probably will be) dialled down, there may be some sort of a stalemate, even perhaps an armistice, but there is going to be no resolution, because Russia won't (to my mind can't) give up Crimea nor agree a formal, concluded 'peace' because in time of peace NATO troops could be stationed in Ukraine without risk of immediate conflict between them and Russian troops, which would risk starting a 'hot' WW3. The only sure way Russia has of preventing NATO troops being stationed in Ukraine (an existential threat to Russia as the eastern borer of Ukraine is EAST of Moscow, and it has been proved that Russia can barely contend with US weapons, let alone US weapons in the hands of US and other NATO troops) is to continue a state of war of some sort, as it won't happen in time of war when there would be an immediate prospect of fighting between Russian and US troops. Nor does the USA want to conclude its economic war with Russia. Nor politically could it do so and end sanctions without a concluded peace settling the borders. The USA is out to become the O&G supplier to the western world. giving it a firm hold on allies and every country not firmly in the Chinese camp, and at the same time giving itself a huge cheap energy economic advantage and making possible the 'onshoring' which both Democrats and Republicans advocate.

That scenario leaves Ukraine embattled, impoverished, and dependant upon US handouts for the foreseeable future, and as American enthusiasm for writing cheques wanes with time. Ukraine will look to extract revenue from its few cash generators like FXPO.

So DON'T buy FXPO (or anything else) in the expectation of a 'peace' share price windfall. There ain't going to be one, certainly not in the foreseeable future.

And why look to FXPO anyway, with so much else in the minerals field (and paying healthy dividends) to choose from?

Posted at 11/1/2023 10:24 by tigerbythetail
IMO, the current share price is way too high.
I'd urge shareholders to pay attention not only to the ongoing war and FXPO performance, but also to the Ukrainian government's ongoing campaign against the "oligarchs". E.g. four of them were stripped of their citizenship today.
Konstantin Zhevago is already caught up in this campaign. IMO there is no way that he will be allowed to personally profit from FXPO's assets for much longer. In my mind, the real question is how the Ukrainian government resolve this matter, and whether FXPO's shareholders will become collateral damage in the process. (I.e. does the government take action to nationalise / seize FXPO's Ukrainian subsidiaries (as they have with other oligarch run companies)).
All in all, considering risk and reward here, I'd value the shares at 50p or so, not 170p! But what do I know? It seems I learnt nothing from 20 years doing business in Russia and Ukraine!

Posted at 30/12/2022 10:49 by tigerbythetail
I don't understand this share price. This should be trading much lower.
I've done a lot of business in Ukraine, so let me explain what happens next. Now Zhevago is under arrest, FXPO's Ukrainian subsidiaries will come under systematic legal attack (we've already seen the beginnings of this). It will end with all Zhevago's assets being taken away, and the minority shareholders in FXPO will be left with pretty much worthless shares in the Swiss topco.
I'm a firm backer of Ukraine when it comes to Russia's brutal, genocidal invasion, but this is how Ukrainian business and courts work. And who really thinks that Zhevago first came into possession of FXPO's assets in an entirely fair and uncorrupt way?

Posted at 27/10/2022 11:42 by 1knocker
thags, read my last post !
As for the price, FXPO is a strange stock. For many years prior to the war it was subject to sharp falls on any new fear. When the war clouds were gathering, and for some time into this year, even when he general view was hat the invasion would be a roll over for Russia, the share price stayed ridiculously high. Then it collapsed, and recovered when business seemed to be proceeding fairly normally, dividends were paid, and Russia did not prevail. I wonder if we are seeing a re-run of that price action? The share price has held up, but the outlook for FXPO is pretty bleak, for the foreseeable future. Nor will a recession and falling steel consumption and ore rices help.If the share price were to catch up with events, it could surely easily fall to 75p. I can't see how FXPO is attractive, even as a long term speculation, much above that level.

Posted at 12/9/2022 18:54 by 1knocker
Acreage captured or recaptured is relatively unimportant. What matters is features or infrastructure of strategic importance. The loss of a communications hub is a severe reverse for Russia.

The end of the war is as distant as ever though. I do not see that recent events ought to have an impact on the value or profitability of FXPO's business. I consider that the FXPO share price was too low, but I see no reason why it should reach 200, still less 300 on the current news. At 190, I would be a seller.

Posted at 11/9/2022 11:31 by lodgeview
Thags I wouldn't even respond to folk who are so envious about what is going to happen to the FXPO share price tomorrow ")
Ferrexpo share price data is direct from the London Stock Exchange
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