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Member Info for lemmink

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Member Since: Sun, 20th Sep 2009

Number of Share Chat Posts (all time): 1,052
Number of Share Chat Posts (last 30 days): 4

Last Posted: 20 Nov '15

Post Distribution over the last 30 days

20 Nov '15

Holding 3.2 million shares unfortunately! Voted no for a second time since the forms arrived in the TDW voting box thingy. ... re consequences of voting "no" ... probably wipe out, but with a bit more faffing about?
16 Nov '15

Net debt from 2010 to 2014 inc ... $104m $80m $423m $639m $678m
EBT from 2010 to 2014 inclusive ... $498m $691m $266m $305m $254m
Iron prices 2010 to 2014 inclusive... 146 168 128 135 97
2015 forecast ... Net debt $800m (taken from granto's post ... seems reasonable)
EBT $256m (taken from granto's post again ... I cant do any better)
Iron price $62 (stuck this sort of stuff in google "Iron ore prices from 2003 to 2014 (in U.S. dollars per dry metric ton)" and found stuff on the statista website... not the right index probably but will do)
*** COMMENT ***
Not sure I can believe profit before tax can be sustained at $200m+ for the next few years, but equally doesn't sound ridiculous to me. The iron price index I looked at earlier went back as far as 2003 and gave a number of $30 for that year.
13 Nov '15

Hi, I think gross debt is higher than annual revenue, and I have not managed to form an opinion about profit margins going forward. That's what's making me reluctant to add to my position... Maybe this is heading into zombie land? ... 10p or worse ??
13 Nov '15

Via TD Waterhouse share dealing account ... the voting facility wasn't showing in the dealing a/c (because its kind of foreign) so I had to ring them and state that "I wanted to vote against resolutions 1 & 2 for the EGM to be held on 26th November" ... took two phone calls ... been told over the phone that its sorted now ... hope I havn't just shot my self in the foot (again)
29 Oct '15

From a share price of £10 a few years ago via a 19 for one rights issue at 2.35 pence a share last year, to a current share price of approx half a penny! ... I don't know enough about either company to say wether or not the coal miner is a good comparator to ferrexpo, in its current situation?
27 Oct '15

Personally I find the presence of a lead shareholder in control reassuring/appealing particularly in this "post risk event" environment. Where the sp seems low.
23 Oct '15

Could the 51% shareholder afford it?
22 Oct '15

Sold 70k & 10k at circa 27p each
21 Oct '15

Sold 5k @ 37.65p each ... holding 10k ... very very weak sell
20 Oct '15

Bought 5k @ 37.1p ... holding 15k ... very weak buy

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