International Ferro Metals Share Discussion Threads

[pennyfalls] 10/8/2015 16:45

Hope it comes round for you.
Personally I think the company will survive, barring more glitches in production and debt situation.

It is a bad time for commodities generally, but IFL seem to have got their costs down and can see them gaining traction with some more deals in US and India etc..
The profit last year was a good marker in terrible market conditions.

The problem with the share price is sentiment..it's going to take something pretty positive to reverse the trend. It feels like it's near/at the bottom, but I know from past experience that the bottom can always get much lower.

[gark] 10/8/2015 16:23

I actually bought more at 1.83p just on the off chance. Already own too much and feeling the pain so what's a little more.

[pennyfalls] 10/8/2015 16:18

Don't know about that Gark; quite heavy on the buying activity today, about 5:1 buys to sells, pretty high relative volume to recent times.

Maybe good news in Thursday's production/financing update or some people having a gamble on that possibility.

[gark] 10/8/2015 12:19

Market cap under 10mn. Looks like we are being priced to go bust.

[pennyfalls] 07/8/2015 11:58

Hi Gark...I think IFL's tag down under is IFM, so I don't think the broker 'underperform' was about Ferro Metals, unless you can find the full script?

I found this link with 'Outperform' target 13p from Macquarie in this link (that was 11/11/14)

www.marketbeat.com/stocks/LON/IFL/

I had a good look and found lots relating to IOOF, which is also tagged IFL in headlines.
anyway, no matter.
Good luck

[konil] 06/8/2015 19:11

good find gark. a few promising snippets but also a few ominous ones! let's hope this is as bad as its going to get.

i'll be away for the production report so i hope i dont get a nasty shock on return!

[gark] 06/8/2015 17:44

IOOF a different company. IFL now only listed in London as far as I can see.

[gark] 06/8/2015 17:41

Bodes well hopefully.

[pennyfalls] 05/8/2015 20:18

Hi there..
Pretty new here and been looking through the past posts and just wanted to comment on Gark's post from a few weeks ago about Macquarie giving IFL an underperform target of 1p..

I think if you look further than the headlines (which I can't find anyway!) that IFL is IOOF Holdings in Australia - a totally different financial company.

Hope that helps and happy to be corrected.

[jailbird] 03/8/2015 09:13

you are brave still holding here guys.

I cannot see a turnaround in the near term.

Not sure if a bid from a competitor is possible?...that is only thing that may cause a rise for many to sell out.

[konil] 03/8/2015 08:46

for tiddlers, often with huge spreads, and lots of mm manipulation going on, it is tosh! and if the stock isn't on the electronic order book then even having dma won't help, else it'd definitely be worth paying extra for a dma account.

[benboy] 03/8/2015 06:33

14 trades on Friday. All but 2 were above 2p with most around 2.2
yet the low shows as 1.9 and the high as 1.92. How can that be or is it just that the entire trades info is tosh?

[konil] 31/7/2015 09:08

its got to be a steal at these prices but i'm waiting to see what the markets do when interest rates start to rise. they could go into capitulation mode to end this bear or have a relief rally.

either way, sitting on my hands for now.

[rettah] 31/7/2015 07:58

Less than £10M market cap. The effectively puts no value on the mines or the processing plant.

[gark] 31/7/2015 02:08

At least some decent trades and buys going through. Think the delay is the bank facility like last time. Hope they are organising a term facility.

[konil] 30/7/2015 09:14

hitting new intra-day lows now.

[konil] 30/7/2015 07:15

ok, i see the date on the website has been changed.

probably more to do with ops reasons than financing, but would be good if they had sorted out the financing issue.

[benboy] 30/7/2015 06:27

Whatever it is it's unlikely to be great news. They know that with the share price in its present condition a delay in the report is hardly confidence inspiring but hopefully it is to report a new lender, or early reagreement and or a larger facility to carry us through to better times.

[konil] 30/7/2015 06:24

where do you get the delay from?

[gark] 30/7/2015 06:06

Looks like production report has been delayed by 2 weeks. Why would that be, bank facility related?

[gark] 25/7/2015 11:22

I hope you are right but keeping the faith getting more and more difficult.

[konil] 25/7/2015 10:41

imo buys and sells appear reasonably balanced and for past few weeks seemed like someone was quietly accumulating on quiet days. rather imponderable though so all guesswork, but mine was based on numerous small sells and then 1 or 2 largish trades suggestive of a mopping up exercise, bwdik!

anyway, company specifics aside (and on that point we do have the quarterly report coming up), imo its the general commodity downturn that's hammering this and has been for a long time now.

i'm trying very hard to keep the faith because haven't seen anything to suggest this is other than a reasonably well run operation suffering through a sector downturn.

just hope the quarterly report doesn't let us all down.

[gark] 24/7/2015 14:13

Down again. Someone wants out.