International Ferro Metals Share Discussion Threads

[jailbird] 23/4/2015 07:41

I unfortunately cannot see any reason to buy back in...recovery stll looks some way off...there is not much positives going forward either.

GL all

[sat69] 22/4/2015 18:30

Given that the IMS is to be released at 0700 tomorrow morning, I expected a lot more interest than the paltry 62k traded in the stock today. As the closed period will be over tomorrow, hopefully the directors will dip their hands in their pockets again after the RNS.

[sat69] 20/4/2015 21:24

Thanks Rob. They will be giving detailed updates in a lot of different areas in the IMS so I am expecting a big move in the share price on Thu 23rd Apr. Unfortunately I don't know in which direction, but hopefully it will be a huge upswing for once. GL to all holders.

[luckyrob] 20/4/2015 13:26

Thursday, 23 April 2015 Interim Management Statement

[sat69] 16/4/2015 11:17

Nice bit of nibbling taking place today for a change. Looks like we might hit for 4p+ before the IMS next week.

[benboy] 14/4/2015 18:02

Great. Lets hope a little,(or even a lot,)good news!

We so need to get out of the threes.

[sat69] 14/4/2015 16:36

IMS next week? Possibly Friday 24th Apr.

[gark] 01/4/2015 22:50

Thanks for that Sat. Let's hope we get there sooner rather than later.

[sat69] 01/4/2015 22:28

Evening All

I no longer monitor this thread on a daily basis but I've just popped in to say I still have a large holding and do not plan to sell any of my shares below 10p, however long I have to wait!

[konil] 01/4/2015 16:27

if it gets to 2p or below i intend to buy more, assuming it happens for market reasons and not company calamity of course!

imo 30p entirely possible and perhaps even probable given benign conditions. not that long ago 60p would have seemed possible!

[gark] 01/4/2015 16:20

Hope you are right. I see downside at 2p and upside at 30p.

[konil] 01/4/2015 16:18

gark, surely the financials should show positive cashflow for this qtr? that should help pay down some debt, but agree that speed of overall pay down may be slow. i'd like them to move away from the annual debt renewal cycle to alleviate ongoing concern about debt facility renewal.

fecr price is a concern but may be stabilising around these levels, who knows? that's not as good as rising strongly but at least ifl are profitable at this level in absence of operational disasters.

deep into red with my holding but will stay put because imo ifl are a geared play on any global economic upswing which leads to rising commodity prices including hopefully fecr.

financing for 3rd furnace remains a worry for me.

near term i'm prepared for dips due to wider market trends as stated before, but hoping patience will pay off eventually.

with ongoing subdued but stable fecr prices and after any market wobbles are behind us i'd hope to see these recover to say 15p to 25p. with a better fecr price it may even go higher than that.

[gark] 01/4/2015 12:25

Agreed but a bit concerned that downtrend will remain as Fcr conditions remain grim.Worried that the ongoing debt will not be paid down very quickly either.At the moment my holding is in the bottom drawer but thinking that if this remains an ongoing scenario I will get out.

[konil] 01/4/2015 12:06

hi gark, isn't it difficult to know from the stats whether its selling or buying? being paranoid :{ i firmly believe the mm's play the rules for all they're worth and release trade data in a way to make it very difficult to really know what's happening and all the more so if they know there are large orders to fill.

anyway assuming it is selling, imo its small scale and probably a few pi's getting cold feet with markets at highs.

ironically i think ifl are on the verge of putting out a few quarters worth of good news at least, but any significant pullback in the general market will probably hold ifl back also.

not good that the 3.5 - 4.0 range has broken on the downside. many commentators are calling the top for the u.s. markets so if there's turbulence there its likely to feed through to u.k. markets and maybe ifl also.

all crystal ball gazing as usual of course!

[gark] 01/4/2015 11:25

Ongoing selling here. Any views?

[rettah] 29/3/2015 20:21

Q2 fecr price held at $1.08. Not too bad as there was talk of another drop. A bit of stability overall would be good for a while.

hxxp://www.metalbulletin.com/Article/3440064/European-Q2-FeCr-benchmark-rolls-over-at-108-per-lb.html#axzz3VnuHxxmg

[sledin] 29/3/2015 10:48

Back in here again after selling a while back. Seems to have finally stabilised. Just hope now after years of jam tomorrow talk, this may actually be the bottom.

[konil] 20/3/2015 14:04

let us know when you get to 29.9%, we'll await the takeover announcement. you can't be far off that now!

:)

i already have too many and nursing huge losses, so for me its more sitting on hands (and probably missing the boat).

points you mention are positives and there are more positives too in the cost reduction initiatives which should start to show through in the coming quarters.

negatives imo are the uncertainty around 3rd furnace funding, the annual debt facility cycle and also current nearness to facility limit, jordaan's realistic take on fecr pricing where he says that price increases will see currently dormant chinese producers start up again thereby tempering opportunity for significant price rises.

on balance my fear stills outweighs my greed.

edit: forgot to mention one of my biggest concerns is nothing to do with ifl but a major downward correction in markets generally, which seem to have ignored global economic downturn and are solely concentrating on loose fiscal policies and hovering at all time highs - if that myopic fiscal focus fades there could be a rude awakening and if major market correction transpires ifl will unfortunately get caught up in it. time for u.s. rate increases draws ever closer.

[gark] 20/3/2015 13:10

Bought more. Ferrochrome price firming and weak ZAR equals strong profitability.

[qackers] 19/3/2015 18:02

SP Angel reiterated their buy rating on shares of International Ferro Metals Limited (LON:IFL) in a research report released on Tuesday morning. share price Angel currently has a GBX 14 ($0.21) price objective on the stock.

Shares of International Ferro Metals Limited (LON:IFL) opened at 3.75 on Tuesday. International Ferro Metals Limited has a one year low of GBX 2.65 and a one year high of GBX 11.20. The stock has a 50-day moving average of GBX 3. and a 200-day moving average of GBX 4.. The company’s market cap is £20.75 million.

A number of other firms have also recently commented on IFL. Analysts at Numis Securities Ltd reiterated a buy rating and set a GBX 25 ($0.37) price target on shares of International Ferro Metals Limited in a research note on Monday. Separately, analysts at FinnCap reiterated an under review rating on shares of International Ferro Metals Limited in a research note on Thursday, January 29th.


International Ferro Metals Limited (LON:IFL) is an integrated ferrochrome producer. The Company is engaged in the production of ferrochrome from chromite ore located in the Bushveld Igneous Complex. IFM’s Lesedi chromite mines and integrated beneficiation and smelting operations are situated at Buffelsfontein, 100 kilometers north-west of Johannesburg, South Africa

[rettah] 17/3/2015 22:20

Couple of bits about IFL:
From proactive - Conclusion: The marked fall in Chinese inventory, rise in Chinese ferrochrome price coupled with favourable currency movements should work well for IFL. Lower cost imports into China should keep Chinese production shut while the drive to reduce pollution provides a further incentive for the authorities to keep furnaces closed.

hxxp://www.lulegacy.com/2015/03/16/numis-securities-ltd-reiterates-buy-rating-for-international-ferro-metals-limited-ifl-2/

[replicas1967] 07/3/2015 09:41

Yes. And let's hope for some positives in next months IMS

[gark] 06/3/2015 21:13

ZAR at 12 now. Looking potentially good for H2.

[gark] 05/3/2015 13:53

Two 400k buys. Director buying? More to come?

[gark] 27/2/2015 07:12

If it all plays out could be very good indeed. Surprised directors didn't buy given their 7p purchases.