Share Name Share Symbol Market Type Share ISIN Share Description
Int Ferro LSE:IFL London Ordinary Share AU0000XINAK8 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 0.90p 0 01:00:00
Bid Price Offer Price High Price Low Price Open Price
0.00p 0.00p - - -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Metals 106.61 -103.30 -20.83 4.5

International Ferro Metals (IFL) Latest News

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31/7/201813:22ALNCInternational Ferro Metals Enters Administration; Finance Chief Exits
31/7/201812:57ALNCFAlliance News Flash Headline
31/7/201812:41PRNUSInternational Ferro Metals Limited - Appointment of Voluntary..
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International Ferro Metals (IFL) Discussions and Chat

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Date Time Title Posts
07/5/201818:49International Ferro Metals (IFL) - undervalued1,709
29/1/201523:29International Ferro Metals10,573
02/10/200913:52Why the dip?-

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pennyfalls: Good post Ben.. you sound like a really decent bloke and hope you're not hurting too much.. I agree about shares/ investing - there's no easy profit unless you're very lucky, the timing is just right, or you're a good reader of trends and the stock market generally. My main problem has been timing - selling too quickly in many cases, although I have made an overall profit over the years. A good example would be BT...I bought quite a few of these in 2009 after the crash whern the share price was just recovering, at just over £1. Instead of hanging on for the substantial dividend etc, I bit-by-bit pulled money out and put it into Aim shares - as I find the excitement and challenge more suited to my temperament.. So, all my BT shares went across to AIM - where I've ended up making a reasonable, if not scintillating 15 to 20%-ish profit over the subsequent years.. BUT, if that had been left in BT, I would now be 500% up! In the past ('90s) I've had a few shares (Alphameric, Proteome Sciences, and a few others) where I sold out at a very very minimal profit - only to look back in horror three years later to see many of them had Ten-bagged! So, mine's neen a tale of "what might have been" rather than being screwed. I admire your honesty and openness Ben and I really hope you get something back (from this, or others). As you state, even so-called Blue chips can be lethal . Take BHP Billiton, Shell, Rio etc etc HSCB Standard Chartered...anyone investing a year ago would now be 30+% down. Although some are bouncing back a little. By the way, I've come to the conclusion that the best way of making a bundle on the stock market is to stay in cash , wait until the next inevitable crash/recession, and then invest at that low point. Overall, it seems to be a better tactic than robbing Peter to pay Paul all the time. (Not that I implement this theory!) Good luck mate and best wishes all
safman: Many years ago.. anyone remember British steel Corus.. In 2003, that also suffered a very difficult situation, where the share price tumbled to around 3p.. it was sold a good few years later at 150p.. or approx Obviously that was a recovery year, and a bull market followed to around mid 2007.. I'm not speculating that anything of such will happen here, but IFL do have assets, and I wonder if a bigger player will take a long term view with the current market cap of £4.8mill.. High risk with sentiment.. although there could be high reward for new shareholders.. saffy..
pennyfalls: 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'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.
spursspurs: International Ferro Metals still a 'buy', reckons share price Angel By Giles Gwinnett May 19 2015, 3:02pm The group produced 49,085 tonnes of ferrochrome in the three months to end March, which was marginally down on the previous quarter, driven by lower recovery from slag processingThe group produced 49,085 tonnes of ferrochrome in the three months to end March, which was marginally down on the previous quarter, driven by lower recovery from slag processing Ferrochrome producer International Ferro (LON:IFL) is still worth a 'buy' despite a challenging third quarter, says resource boutique share price Angel. The group produced 49,085 tonnes of ferrochrome in the three months to end March, which was marginally down on the previous quarter, driven by lower recovery from slag processing. A health and safety shutdown at the plant and subdued ferrochrome pricing and also escalating production costs hit the period, but March had seen an improvement. SP Angel noted that unit costs in the fourth quarter (to end June) are forecast to come down to RAND 7.90 per pound from R8.43/lb in Q3 and average R8.15/lb over the second half as stability and production stabilises. The broker says that assuming the firm has output for the full year (to June 30) at its guided 200,000 tonnes of ferrochrome, with 53,000 tonnes produced in the fourth quarter and highlighted unit costs, it should be able to manage operations within its R500mln Bank of China working capital facility. The broker forecasts an underlying loss (EBITDA) for full year 2015 of R109mln rising to a profit of R196mln in 2016. It puts a target price on the shares of 9.8p compared to 10.6p previously but that is still over three times the current share price of 3p.
themoreiwantyou: The company has been downgraded by several brokers: 15 Dec share price Angel 17.00 Buy 27 Nov Numis 25.00 Buy 26 Nov share price Angel 17.00 Buy Although the targets are several multiples above the current share price, it is still a downgrade; downgrades spark selling.
konil: yes, should lead to some very good numbers for the rest of the year, operational mishaps aside. i continue to hope, especially now that the share price has already recently been hit, that ifl will be somewhat insulated from the ongoing carnage in top line stocks and maybe if ifl report good numbers it may even show a rising trend if funds exiting elsewhere are looking for a home. need to see a sustained rise in the ifl price for a big recovery though. all wishful thinking at the moment but may happen if lucky.
darlocst: Benboy - far from their being "massive volume" purchased in the 6's, the problem is entirely the opposite. A large overhang of shares that still isn't cleared. Too many sellers, not enough buyers. The share price needs to get to a low enough level for buyers to step in. In my opinion we've gone far below what I consider a realistic valuation of IFL and when that happens & you are just trading on supply/demand there is no telling where the share price might stop. Equally once cleared, & wider market stabilised, I expect the share price to move rapidly back up.
rishika2: Scary seeing London Mining plc fate. Somehow IFL share price suggesting the same.
sm22: International Ferro Metals on the road to value creation By Ian Lyall October 03 2014, 1:10pm As demand for stainless steel grows at around 5% annually, so does the need for ferrochrome – providing a stable, expanding market for the materialAs demand for stainless steel grows at around 5% annually, so does the need for ferrochrome – providing a stable, expanding market for the material The past month has been an important one for ferrochrome producer International Ferro Metals (LON:IFL) as it lays the foundations for growth. The extension of its ZAR500 (£27.4mln) debt facility with the Bank of China means the business movesinto the new financial year in a “position of relative strength", says chief executive Chris Jordaan. Meanwhile, the restart of deliveries of UG2, an ultra-low-cost chrome ore that is a by-product of platinum mining, could have a material impact on the bottom line. The analysts that follow IFL are predicting a significant upturn in the group’s financial fortunes that could see operating profits double over the next two years. The share price, down a third in the year to date, fails to recognise the company’s potential, which can only be enhanced by a well thought out expansion strategy. For the savvy investor new to the stock this should represent an opportunity rather than a problem. Before looking at the investment thesis in depth, it is probably worth getting a bird’s eye view of what IFL actually does. Its website tells us it is an integrated producer that owns the Lesedi and Sky Chrome mines on the eastern limb of the Bushveld Igneous Complex, the world’s richest ferrochrome deposit. It accounts for 2% of the world’s annual supply of this key ingredient in the production of stainless steel. Chromium helps make steel products tougher, corrosion resistant and also gives them that tell-tale sheen. As demand for stainless steel grows at around 5% annually, so does the need for ferrochrome – providing a stable, expanding market for the material. IFL’s products are exported to the US, Europe, Middle East and China – with an approximate “50-50 east-west split”, according to CEO Jordaan. Its operation was originally conceived as a five-furnace site, but the global financial crisis intervened, leaving it with just two 66 MVA furnaces. “It has been a blessing in disguise that allowed us to consider more efficient and effective ways of producing ferrochrome,” says Jordaan. “Not only did we use that time to turn around our company from making losses, we were also able to reconsider our investment in terms of expanding ferrochrome capacity.” This re-think has seen the company focus on plans to build and operate a 60 mega-watt direct current furnace, alongside the current submerged arc furnaces. This would allow IFL to produce ferrochrome at a significantly lower cost than it currently does with the benefit of around 42% additional capacity. A bankable feasibility study (BFS), due for release in the next few months, will give the market some indication on the potential cost of the new plant. However, analysts suggest the required capex could be somewhere in the order of US$100mln. But as the furnace would only be the third of its kind in South Africa, “the banks are all waiting for the BFS to get a more definitive assessment of timing and cost”. “The technical capability to build this is definitely there. We are very confident we will be able to deliver this project in the next few years,” says Jordaan. This value kicker is some way down the road – the new furnace is planned to be commissioned in the first half of 2017. However, another growth catalyst came and went with little market reaction. This was the restart of UG2 chrome concentrate shipments by Anglo Platinum. In a unique deal, IFL paid to build a plant that re-treated Anglo’s platinum tailings, giving it a low cost source of ore supply. This tap has been turned back on after the industrial unrest that led to the shut-down of the South African platinum industry. In fact, deliveries have increased by 5,000 tonnes of chromite per month to 20,000 tonnes until a 98,000-tonne backlog is cleared. There is a triple whammy at play here that will filter down to the bottom line. Substituting mined ore for lower cost UG2 will inevitably boost profit margins as will the increased supply. The other is the unintended upside of the shut-down. Ferrochrome is actually trading for significantly more today than it was at the start of the long-running dispute. None of this has been thoroughly factored into current market expectations, or, it would seem, the share price, which while up a modest 6% this month has fallen 33% in the year to date. City broker Numis in its latest note sees EBITDA rising from £12.5mln this year to £18.3mln next and then to £25.9mln by 2016. On that basis the valuation falls from an already fairly reasonable 11.5 times 2014 earnings to 2.6 times 2016 net profits. Reinstating his ‘buy’ recommendation, analyst Cailey Barker sets a price target of 30p (current price 6.5p). He added the stock looks “very cheap given the earnings potential”.
rishika2: My comparison for IFL has always been Merafe resources. I always compare their share price and performance to IFL. Declared a dividend few weeks back after so many years. They also suffered as IFL during cheap China ferrochrome dumping days but since last year bouncing back like a tiger. My issues --------- IFL not marketing themselves well to key investment community. Letting the share price drop like a stone for past so many years rather than getting concerned and explore with the brokers about getting some long term investors as shareholders and keep them well informed making part of IFL family. Such a huge IFL board with so many non executive members but not sure what they actually do. One of IFL main problem was their previous CEO David. He was a disaster. Almost everything he got involved in furnaces, Co Gen plant - IFL had to invest more and more of their capital later on to make it stable. He primarily presided IFL over the disaster years - share which was over a pound bringing into pennies. He should have been fired much earlier by Tony. My hope -------- Chris Jordaan. He is a great guy. He is the one who has been turning IFL around. Very effective communicator and a good innovative leader. Its just the share price which he needs to now turn around. Share price has not at all responded to some of the good work that IFL has done. May be market needs to see consistency. Profit growth Quarter on Quarter and some long term IIs who believe in IFL able to deliver a consistent return on their hard earned investments. Of course there will always be some operation hiccups in a setting like IFL but key is to develop a good trust between board and the shareholders
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