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Ferrexpo Share Chat (FXPO)



Share Price: 265.50Bid: 264.90Ask: 265.70Change: -0.20 (-0.08%)Faller - Ferrexpo
Spread: 0.80Spread as %: 0.30%Open: 265.50High: 268.50Low: 264.40Yesterday’s Close: 265.70


Share Discussion for Ferrexpo


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HeresHopin
Posts: 5,718
Opinion:No Opinion
Price:246.10
RE: borrowing more this year
26 Apr '19
Resignation of auditor, which could mean anything including worse news to come. Very tempting to go in big though so close to ex at 245, even with the with-holding tax.
 
granto
Posts: 4,616
Opinion:No Opinion
Price:270.90
borrowing more this year
24 Apr '19
The company has said it is not ruling out a return to the money market to change its debt maturity. This could be a altering of existing debt, or borrowing more, with a later date for repaying. As opposed as I am to borrowing more money, this is a good idea to protect against a downturn.
granto
Posts: 4,616
Opinion:No Opinion
Price:270.70
Trading Update
24 Apr '19
I think Ferrexpo need to issue a trading update. The US $173 million Eurobond was repaid on 4 April 2019 and this was not reported to the market, nor therefore was it explained where the money came from to pay this off. Was there a drawdown of US $200m credit finance, and why was this also not announced at the time? I also think a cash position and trading update would be helpful. The report is in-depth but if you are spending $200m on Capex, please give more detail to the features and immediate benefits of this. It is nice to say goodbye to a 10% Eurobond. The firm is now borrowing at roughly 6% at my calculations, adding an extra $6m to the bottom line in savings.
granto
Posts: 4,616
Opinion:No Opinion
Price:275.20
full stream ahead.
23 Apr '19
The Edibta is very healthy here, and this year should be even sweeter, though there are some concerns. The plunging of $200m or $300m into a ramp-up in a single year is an eye-opener, and highly aggressive especially for a firm with such a massive short term debt to service. Such is the bravery of a Billionaire owner, but would he be so brave if everything he owned was riding on this drive. I doubt it. I would prefer some caution and that he tackled the debt, even for a year, and fire on with the expansion once it is dealt with. That said, the first 18 week this year could be stronger than expected and we won't have to wait long to get the results, but a $300m investment in 2019 is full steam ahead stuff.
Bitbuybit
Posts: 688
Premium Chat Member
Opinion:No Opinion
Price:279.20
RE: results.
23 Apr '19
I noticed that swell Granto. Massive discrepancies on that. Not impressed with costs increasing by a third and whilst we all love a divi, I think they are missing an opportunity to lower the debt whilst they are planning huge investment.

For the record I no longer hold but this is an old favourite of mine so I will wait.

GLAH
granto
Posts: 4,616
Opinion:No Opinion
Price:284.40
results.
23 Apr '19
pretty much in line, a little light on the current situation. $200m to $300m is capital costs this year ? er which is it?
granto
Posts: 4,616
Opinion:No Opinion
Price:284.50
interesting
23 Apr '19
Well there it is. I can see now why the charity issue is important. It is part of a legal responsibility in Ukraine, and if it were to be proven that funds were misused, and then linked to a director like the CEO, then the Govt could insist on Ferrexpo paying up again, and given that $100m has been gifted, this is a very serious matter. The good news is, 1, the report indicates strongly, so far, that the CEO is not linked, or not dangerously linked, and 2, the amounts are less tat ¢100m......still messy stuff to be dealing with.
ge0rge123
Posts: 889
Opinion:No Opinion
Price:284.30
Bought
17 Apr '19
With costs at 283p...watch it go further South..
volcano
Posts: 5,132
Opinion:No Opinion
Price:285.70
RE: FXPO
17 Apr '19
i think this is over-done now, time to buy-back
volcano
Posts: 5,132
Opinion:No Opinion
Price:297.30
RE: FXPO
10 Apr '19
DEUTSCHE BANK RAISES FERREXPO PRICE TARGET TO 310 (270) PENCE - 'BUY'
volcano
Posts: 5,132
Opinion:No Opinion
Price:298.00
RE: FXPO
10 Apr '19
i didn't see that coming FXPO is creeping back to £3 again.
lemmink
Posts: 1,759
Opinion:No Opinion
Price:282.40
Reduced
5 Apr '19
Sold 900 @ £2.82 ish ... holding 1600
volcano
Posts: 5,132
Opinion:No Opinion
Price:263.90
FXPO
1 Apr '19
Iron ore pellet producer Ferrexpo rose 6 percent as higher iron ore prices took precedence over the company delaying annual results again, with charity investigation continuing.
granto
Posts: 4,616
Opinion:No Opinion
Price:266.70
panic
21 Mar '19
I am always surprised at the over-reaction, to good and bad news. My own take on this, is that someone or people of senior rank and position is under serious investigation, and for legal reason the Board of Directors have to tread carefully. I would have thought that any donation to a charity would be a matter for the charity, and not ferrexpo's immediate problem per-se. They already said the year end results were delayed but expected to be on target. Perhaps, they want a clean report so think it is worth holding off.
volcano
Posts: 5,132
Opinion:No Opinion
Price:265.00
RE: FXPO
21 Mar '19
now looks like Tuesday was a bargain buy
granto
Posts: 4,616
Opinion:No Opinion
Price:246.30
strange
19 Mar '19
Today's RNS was unexpected. Just how the charity's use or misuse funds affects the bottom line is strange and unexplained. This involves only a few million dollars, a week's profit for this firm, so this drama seems overdone, unless there is unseen reasons for this.
ge0rge123
Posts: 889
Opinion:No Opinion
Price:248.90
Let the Dust settle
19 Mar '19
Then back in i fancy
Bitbuybit
Posts: 688
Premium Chat Member
Opinion:No Opinion
Price:246.40
RE: FXPO
19 Mar '19
Wow......not in either but wouldn’t have expected this....
volcano
Posts: 5,132
Opinion:No Opinion
Price:260.30
RE: FXPO
19 Mar '19
good job i stayed out, this doesn't look good,but could it be bargain buy.
volcano
Posts: 5,132
Opinion:No Opinion
Price:263.00
RE: FXPO
14 Mar '19
is the something wrong with the full year results on 20 March 2019.
volcano
Posts: 5,132
Opinion:No Opinion
Price:274.90
FXPO
21 Feb '19
i had to take some profits today , £3 still a long way .
granto
Posts: 4,616
Opinion:No Opinion
Price:277.80
Firestone diamonds - Lucio Genovese
21 Feb '19
Ferrexpo's new director Lucio Genovese is chairman of an interesting company, Firestone Diamonds PLC, you can check their incredible performance on this site as it is a listed company. To say it was a painful for investors would be paying it a compliment. I know nothing about his other ventures, but this one hardly inspires joy. Lets hope he brings better fortune here.
volcano
Posts: 5,132
Opinion:No Opinion
Price:279.70
RE: fxpo
21 Feb '19
could we see £3 again.
volcano
Posts: 5,132
Opinion:No Opinion
Price:264.20
RE: fxpo
15 Feb '19
looks like business is back to normal.




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