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CCC. never mind I am sure you know what is going on. My apologies.
You come across a little rattled Lucky and must of taken my post personally, as for all the moral high ground rubbish, your wasting your breath on me son, i tell it how it is, if you don't like it, bin me, all i am doing is posting an observation as i see it,
so as for your " ongoing conversation ", nah I'll give it a miss thanks, i like to focus on real time events not a load of hypothetical waffle.
CCC. you can lough as much you like.....
Last time I checked people can post as much as they like on any free speech board.
Some people have more to say than others, but this is not a good reason to come patronising the space.
Moreover a post like yours starting with WE do seem.....is a joke. Are you a Royal to use the pluralis majestatis so shamelessly in your lonely post. I was hoping at least the with such introduction you would have brought some new input to the ongoing conversation, in the end is just a recap of what has been debated till now. Well at least you tried.
We do seem to have a few so called experts posting here, by all means be a tad cautious, with the Russian threat as an example, but everyday messages how the share price is going to plummet because of this and that and whatever else springs to mind is laughable.
FXPO was a cash machine for months now and it has gone into overdrive with recent ore prices, there is nothing out there to suggest the product demand will wane in the short term, but the ore price must at some point correct it's self, does that mean the share price falls sharply, well i think it is safe to say the company market cap was well undervalued for months, with it's company location a major reason, so a threat developed and soon went away, for how long is anyone's guess, but i would suggest a share correction must now take place with this regard.
I could potentially see a price of £6 plus in the coming months, but i would advise no one to to take my word on this, do what your head tells you and don't worry i want ram this opinion with posts every day.
Good luck.
UUNVRKW, why would you "invest just before to get divi and out" ?
Fxpo can pretty much fund whole 20m expansion just from this year profits, if iron prices stays at current levels
Imho Ferrexpo should have got to £5 even if the iron ore price had stayed around $190-200 for 65% Fe. So many positives with higher quality iron ore vs others, fundamentally undervalued EPS, increased production coming in H2 due to pelletiser upgrades, great cash and debt positions. Also can’t see Russia issue rearing its head again for the moment leaving just the probe on the owner which he has plenty of cash now to settle up if he chooses.
Appreciate lot of ppl got in last year and made heavy profits already but this has shot up £1.20 since ppl starting playing up the risk on Ferrexpo. I got in a bit later than most at 3.30 but made a good profit looking at fundamentals which are far stronger than other companies driven purely by iron price which is out of control atm. If this iron ore price held on Ferrexpo should be at £7-8+ but naturally a lot of risk due to commodity cycle, markets in general that have been well documented.
Lot of good insights on this forum but for someone new late into the game here good to lay out fundamentals on Ferrexpo as this seems to have been lost in recent weeks.
Be interesting, with the 35% tax it might not be worth it? Invest just before to get divi and out? High risk? Not sure will wait, calculate and see
iron prices, just keeps on climbing. How long this madness going to last. I am starting to fear of hangover
I would invest in FXPO, but only 10% of my portfolio. I would spread the rest between different companies in different sectors.
just in case you miss it, the dividend here does suffer from a 35% Swiss withholding tax.
Personally I still think the upside of the share price can counter this, but it is something to be aware of
This recent (today) article is interesting: https://www.marketwatch.com/story/iron-ore-prices-hit-record-high-with-appetite-for-steel-far-beyond-expectations-11620320569
The forward PE is 4.3 according to Stockopedia so if you're concerned about the price then on this basis I would say this is still very cheap despite the recent strong rise.
China is cracking down on polluting steelmakers which has increased the demand for FXPO's less polluting high quality 65% Fe pellets in addition to the strong rise in demand for iron ore.
The recent massing of Russian forces intimidated some investors but I think that threat is retreating especially with the new Biden presidency.
I'm buying some more this morning which is probably your best reason for not investing !
The copper price has recently risen very strongly. On this basis the net profit for Atalaya should have increased by multiples and yet the share price stubbornly refuses to go any higher - this might be another miner to have a look at.
In general there does seem to be a sp lag with miners. The attraction is that they are a leveraged play on the commodity price (any rise goes to the bottom line pretty much, less tax) but the market doesn't react until enough profits have accumulated and then you can see a sudden upwards jump in the share price. Many commentators are confident that higher metal prices are here to stay for the foreseeable future (even excluding Goldman Sachs' "super cycle" theory).
50 grand is quite a chunk so I'd drip feed it and spread it around -there's no such thing as certainty in investing!
Bobbyreg anyone down side is how much cash you are investing, which is also the upside. My problem is not fear but greed.
onlyprofit the right reply to your question is :
depending on your time frame of investment. I tried to trade Fxpo like many other shares in my portfolio possibly out of greed with mixed results. Among my holding possibly this is the least suitable share for trading. So if you question is : If I buy now will Fxpo sp go higher in the future? The answer imo is 100000000% yes. Only thing to watch is Putin which may give a small short term correction to the sp, but possibly will never be a real denger.
EPS of 108, 2020 dividend of 52p, 2021 est eps 161, possible 2021 dividend of 75p. Earnings alone support a much higher sp so it continues to move up. Commoditys bull run set to continue as CB keeps rates at 0 and let inflation run. Invest here.
You have to make your own decision, and definitely not just go off what you read on a forum chat!
But I certainly think that, this is one of the best of the bigger mining companies to invest in currently.
There may certainly be a pull back at some stage but there is no way to know when that might be, nor how deep it will go.
If I had £50k on the side, no matter what company you are looking at, I wouldn't look at putting it all in in one go.
I have to also say that it depends what your portfolio looks like, I assume you don't have any holdings here but if you have a lot in mining in general, esp other iron producers, then you may want to think about that.
Personally I currently have 25% of my shares in mining stocks (TBH a bit more than I would like.) The biggest mining stock I have is Evraz and this is second. Even if the share price doesn't go up much, and I think it will along with mining stocks in general over the next 6 months, the dividends here will make it easy for me to hold.
Last week I added a small top up to my holding here so I do see this continuing to improve, especially as the media stops trying to tell everyone Russia is about to invade Ukraine and moves onto the next alleged crisis.
Expert opinion required please. I have spare 50k to invest but I have been watching this share going up from 2 pounds. Fundamentals are great but do you guys think to wait to see some pull back before loading
Thanks