Our new website is coming soon, give it a try now and let us have your feedback. Take me to the Beta



Register
Login:
Share:
Email Facebook Twitter


TSX Lithium explorer International Lithium Corp prepares to drill at Raleigh Lake
Exclusive: Hardman & Co Investor Forum - Severn Trent, Calculus Capital, Volta Finance, Residential


Ferrexpo Share Chat (FXPO)



Share Price: 260.90Bid: 262.50Ask: 262.90Change: 0.00 (0.00%)No Movement on Ferrexpo
Spread: 0.40Spread as %: 0.15%Open: 263.00High: 267.30Low: 260.90Yesterday’s Close: 260.90


Share Discussion for Ferrexpo


Thread View

Please login or register to post a message on Share Chat.

Posts per page:

lemmink
Posts: 1,757
Opinion:No Opinion
Price:264.10
Reduced
8 Feb '19
Sold 1.5k @ £2.64 ish ... holding 2.5k - doesn't feel sensible to be selling - but I still want to
 
ton-fra-cen
Posts: 56
Opinion:No Opinion
Price:264.80
britton/granto/ share price
8 Feb '19
Well share price has jumped from 201 to 269 or 33% ( from Jan 10 to Feb 7); furthermore Deutz have upgraded as a BUY. Expects the debt to be cleared, as suggested by granto. I am not SELLING
brittonb5
Posts: 13
Opinion:No Opinion
Price:264.90
Good article
8 Feb '19
https://www.sharecafe.com.au/2019/02/08/talk-of-us100-iron-ore-puts-spotlight-on-imminent-restart-at-mt-gibsons-koolan-mine/

I agree with all what granto says particularly in the refurbishment of the site over 2 years and debit reduction etc. The only thing holding this share back is its geographical and political location hence this share hasn't taken off yet.
granto
Posts: 4,616
Opinion:No Opinion
Price:266.50
ore price
8 Feb '19
This is good news, The contracts Ferrexpo signs FIX the pellet premium for 3 months or six months, ocaassiobally for a year. So the base price changes. So Ferrexpo gets the full benefit of these changes.
ton-fra-cen
Posts: 56
Opinion:No Opinion
Price:262.60
granto / share price
8 Feb '19
ORE price is $ 92.29; daily increase is accelerating !!! I am not SELLING
OWLS
Posts: 295
Opinion:No Opinion
Price:260.20
MOMENTUM
6 Feb '19
This is back to the top of my momentum list so I am in with £30k's worth. 3rd time I have invested. 1st time I lost half my investment, 2nd time I tripled my investment. I expect a bit of a roller coaster with this, last 3 days certainly back this up.
volcano
Posts: 5,132
Opinion:No Opinion
Price:259.90
RE: buying.
6 Feb '19
FXPO used to be FTSE 100 company for short period few years ago , i can see it happening again one day .
giro121
Posts: 905
Opinion:No Opinion
Price:259.10
RE: buying.
6 Feb '19
cfd not cod lol
giro121
Posts: 905
Opinion:No Opinion
Price:259.10
RE: buying.
6 Feb '19
thank you, may have to swop from cod to actual stock buy :)
granto
Posts: 4,616
Opinion:No Opinion
Price:258.90
RE: buying.
6 Feb '19
Let's crunch this quickly, debt is $420m ( net debt $360m ). They hold $60m in cash and have access to another $200m debt facility, and generating $50m a month in EBIDTA, with three months grace until April 2019. They are on target to hit nearly $700m EBITDA this year. What will this look like in 12 months time, or 5 years time? A quick opinion, They will have cleared lots of debt, be holding much more cash, and have continued to upgrade the plant to ensure a 12m ton a year production run. Soon, this company will be debt free, fully upgraded plant, and pumping $800m a year profit. Allow a free years of that, and you have a company holding a few Billion in cash, no debt, and pumping $800m a year in profits. Solid as a rock then. So in five years I think this will be 5 times the current share price. Now take your home.....will it be the same. Unlikely. So, this is a smart buy. In the short term? I can'y say clearly but it will continually go upwards as debt becomes less and less, it is the emeny of the SP here.
giro121
Posts: 905
Opinion:No Opinion
Price:259.00
RE: buying.
6 Feb '19
Granto, I have watched your posts for a long time :) only just started posting again but read these boards for years.
have played with this since it dropped to 35p odd ( but I was in at 2.60 so took a beating for a while but stuck with it. ( I was naive back then, still am now really ) Got in here at 2.44 so pleased, where do you think it could go on this run, need to bank some profits but jumped out at 2.12 few weeks ago and missed the latest rise :(
granto
Posts: 4,616
Opinion:No Opinion
Price:252.60
buying.
6 Feb '19
I rarely mention my buying here, buy I have been steadily buying here over the last few days. The iron ore price has rocketed from $68 to €88 a ton in the last four days. This pushes EBITDA from $500m a year to $700m if it sticks of course. Rapid debt repayment and Capex refurbishment, and dividends has held the financial position here down. Soon this debt will be cleared, the output up to 12m tons, fully refurbished plants.
volcano
Posts: 5,132
Opinion:No Opinion
Price:251.70
RE: granto/ share price
6 Feb '19
looks like business is to back to normal 251p now
ton-fra-cen
Posts: 56
Opinion:No Opinion
Price:239.30
granto/ share price
6 Feb '19
ORE price 05/02 is $88.16 ; Ignoring Auditors remarks must take the share price to 270 / 280 region before week end;
Hence I am not selling.
granto
Posts: 4,616
Opinion:No Opinion
Price:231.90
RE: RNS. ,
5 Feb '19
Milking, I have taken the time to read the report. In 2017 the CEO gave the charity $24m to carry out its charity work, that is a state requirement of Ferrexpo. Later Ferrexpo gave the same $24m to the charity who used Ferrexpos money to repay the $24m. Now, I can take a guess here. I think Ferrexpo did not have the $24m in 2017 and was under pressure, and the CEO used his own company to pay the money, and later when Ferrexpo was flush they paid over the $24m and the charity refunded the CEO controlled private firm its original $24m.... I see no dishonesty here. I only see a CEO trying to assist and he gave the company a loan, unofficial perhaps, but done for the right reasons. Have no complaint, what happened in 2018 is a different matter.....this is more serious and the CEO is highly unlikely to have a part of it...... he is not stuck for $9m when he owns $700m is shares here.
ton-fra-cen
Posts: 56
Opinion:No Opinion
Price:240.50
granto
5 Feb '19
very encouraging piece
granto
Posts: 4,616
Opinion:No Opinion
Price:241.50
Zhevago
5 Feb '19
Anyone wanting a 'take' on him should watch the company presentations, these videos speak volumes of him. He is remarkably humble, and his interest in charity goes back a long time. As for the bank collapse, lets remember this was hugely humiliating for him, but the collapse of Ferrexpo at that time to 39p a share, wiped his wealth down by hundreds of millions, so the bank collapse was hardly deliberate. He takes his charity seriously, and again, watch the videos on their website. This is a wholesome man. I cannot see greed in him. Humble is the word I would use, and thats rare in it FTSE company. He once had super yacht mind you, but I think he has grown up. I watch his coporate responsibility and charity work, and I like the way he does it, often without fanfare. He is clever but humble clever and that is exactly the type of man I invest in
lemmink
Posts: 1,757
Opinion:No Opinion
Price:241.10
RE: RNS. ,
5 Feb '19
PE ratios are typically applied to the bottom line not the ebitda line. Plus there's the Swiss dividend tax thing ... current iron prices could be generating a very low PE ratio going forward for the time being though?
ton-fra-cen
Posts: 56
Opinion:No Opinion
Price:241.30
Re RNS & granto
5 Feb '19
ORE has maintained price @ $86.53 on 4/2; It must be an over reaction, using comments by the broker bank. I expect the price to revert to 31/01 price this week. I am not selling in a hurry.
Strider4
Posts: 4,361
Opinion:No Opinion
Price:241.30
RE: RNS. ,
4 Feb '19
How is the price high if they are on track to deliver $500m EBITDA?! That's a PE of 4...

Iron ore prices are likely to remain elevated for a while too I would have thought given what's happened in Brazil.
lemmink
Posts: 1,757
Opinion:No Opinion
Price:241.30
RE: RNS. ,
4 Feb '19
I didn’t notice the rns until after I had sold a few - agree it’s not material against company performance - I think the price is high-ish - not necessarily topping out - because iron prices are strong etc - but how long for?
tomglan
Posts: 196
Opinion:Sell
Price:241.30
RE: RNS. ,
4 Feb '19
I stopped trusting the Ferrexpo management in 2015 when $174m of shareholders money was 'lost' when Bank F&C went insolvent. This bank was controlled by Ferrexpo’s largest shareholder Kostyantin Zhevago. Now today I'm reading these 'unexplained discrepancies' when I came across an interesting titbit "Last August, Ferrexpo informed the market that a $16.3m payment to Blooming Land from a subsidiary of tire company Rosava Group was repaid using funds subsequently received from the miner, and should have been disclosed as a related party transaction. Rosava is controlled by chief executive Kostyantin Zhevago." (source; investors chroneicle). It looks to me like the oligarch CEO, Kostyantin Zhevago, is taking you shareholders for fools and milking the company for his own benefit. Any others have thoughts on this? Personally I was happy to get out at break even but I must admit I left some money on the table with this company. ATB
Strider4
Posts: 4,361
Opinion:No Opinion
Price:243.70
RE: RNS. ,
4 Feb '19
Agree, today was a buying opportunity. Huge over-reaction. Price down to support and a healthy bounce. Should resume its upwards trajectory again, now that the knee-jerk is out of the way.
granto
Posts: 4,616
Opinion:No Opinion
Price:241.70
RNS. ,
4 Feb '19
someone spotted a discrepancy in the charity's bank statement,The CEO blew a fuse, and called in the riot squad accountants and lawyers. The end of year will be produced on time, showing $500m EBITDA. The 'review' is over this charity bank statements. maximum involved is $9.5m, so the discrepancies are less than that. The accountant's comments are intended to be demonstrative and dramatic, and given this money was already off the company books so how it affects things is anyones guess. I suspect it does not unless the company is obliged to make up a shortfall. A few million here or there at most. No big deal compared to €500m EBIDTA and a Billion dollar company.
giro121
Posts: 905
Opinion:No Opinion
Price:241.90
don't understand
4 Feb '19
If this is issues with the monies that have been given to the charity, what has it directly to do with fxpo? From what I understand, it is have the chatty has used/distributed the money or have I understood it wrongly?




Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk









Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.