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Started: solomonkane, 21 Jun 2024 11:02
Last post: Howardzzz, 21 Jun 2024 18:45
The 4m buy was a U/T so doesn't count. But, yes, the other two are pretty impressive: a sign that IIs are sensing big profit...
Always an intelligent update from Chip:
https://youtu.be/H7b6KfnC63k?si=4NSm3yyJ4jcKVsi4
Some massive after hrs trades showing.
21-Jun-24 16:39:42 43.70 2,000,000 Buy* 874.00k O
21-Jun-24 16:36:32 43.70 1,173,872 Buy* 512.98k O
21-Jun-24 16:35:20 43.70 8,465,540 Buy* 4m
FXPO withering on the vine again. Well God help you if you are no longer in an index these days. Any news on the various legal wrangles?
Started: SilverSpoons, 17 Jun 2024 11:00
Last post: Troajan, 20 Jun 2024 16:37
Evanescent
another reason,all those ex soviet countries chose too decouple from that corrupt system,where the cream all ends up in the moscow triangles(moscow to st petersburg,down to rostov on don and back to moscow,with the area inbetween)
is wealth.....by getting closer to the west,their standard of living,hugely increased,
that's probably what's happening with fxpo,the government,is probably purging the company,of any russian backed bond holders....good news for us,bad news for the russians
Silverspoons....quite a rant.....not sure that it had any relation to my comments.....
Troajan.....totally agree putin and his attitude to russias neighbours has the net effect of encouraging countries to join nato.
Evervescent
before the 2022 conflict(expanded by russia,not nato)
only 5% of nato's land mass,was bordering russia.
so what expansion and where?...(putins agression,forced sweden and finland to join nato.....so putin only as himself to blame,for his unprovoked aggresive illegal invasion of a peacefull nation)
there's only one person at blame here and his call sign...."blame everyone else"
Started: DisasterTourist, 18 Jun 2024 13:06
Last post: alex1978uk, 18 Jun 2024 19:58
No idea on your first point. You’d think if the Ukrainians were smart they’d want to keep a company like this intact to attract foreign investment.
Second point, I think q2 results are going to be good. Maritime traffic has dropped of a lot over the last 3-4 weeks though. I think electricity supply is going to be a big issue going forward.
I’m not optimistic of any major appreciation of the share price in the near future. Keep accumulating if the legal issues get sorted out. When the Russian scum have had enough this will be worth a mint.
I would like to start stating that we are no political analysts, neither know the inner thougts of the people that take the important decisions.
In that respect, I would like to regain focus towards two matters.
Firstly, the final (and unappelable) decision of the Supreme Court regarding the rights restrictions on 50% of the shares of FXPO deposited in several subsidiaries. The outcome is negative and public servants will have to enforce the decision. This may or may not increase the attractivenes of seizing permantly those shares for the Ukranian government. The consequences are still unknown, but it certainly increases preassure on the the company.
Here is the link:
https://opendatabot.ua/court/119741042-fa713e181dbd50f322395376c5c2807a
Next, I would like to listen to your predictions on the reactions and outcomes when the company releases 2Q and 1H results, July and August respectively.
Started: sharefall, 12 Jun 2024 20:22
Last post: alex1978uk, 17 Jun 2024 13:42
That may be true DisasterTourist but corruption is part and parcel of being part of the former soviet union. All the other countries in Eastern Europe managed to transition away from that system and so will Ukraine.
“But experts warn skepticism about corruption could prove another challenge in selling off state assets.“
That is the ending of the article. Do not be distracted by this news, corruption is probably the only thing that keeps FXPO down.
Lots of talk about reconstruction and foreign investment:
https://www.msn.com/en-gb/money/other/ukraine-to-sell-off-assets-to-raise-funds-for-war-with-russia/ar-BB1o7qU0?ocid=msedgdhp&pc=U531&cvid=9f5d37d1b0d6482abd7268257c827a8d&ei=10
For some of you,interested into the deep dive aspect,of east european history....especially the old soviet blocks.
here another version...https://www.youtube.com/watch?v=ORueB1phsEw
13.50 mins in.
ukranian iron ore and coal industry....was started centuries ago....by a welshman
https://www.youtube.com/watch?v=A-rziVD2xIo
interesting.
krok?...yeah,a good deal for a genocidal regime,so it can re arm and re group.
Started: CleverThoughts, 12 Jun 2024 13:43
Last post: alex1978uk, 15 Jun 2024 13:05
Its expensive,but many of the process's like crushing.
can use diesel generators.
unless they have a back up power source.
It must be grim for them Cleverthoughts. Attacked by Russia for no reason other than you want to govern yourself and be a democracy. I'm actually surprised FXPO have kept operations going for so long uninterrupted with the Russian scum targeting the energy supplies.
Long live Ukraine and FXPO!!
"Ukrainian authorities say the spring attacks have taken out about half of the country's generation capacity - 9,000 out of 18,000 Mwh - and that they have caused long-term damage that may mean power cuts for years to come."
Long live Ukraine and FXPO!!
Started: DisasterTourist, 14 Jun 2024 15:59
Last post: alex1978uk, 15 Jun 2024 13:03
Rubbish. It’s not a peace deal it’s surrender. Same as it was 2 years ago. Where’s Russias economy going to be in 2 years? How many more Russians are going to be dead in 2 years?
Good deal for Ukraine. But its US and UK sponsors will not allow it to happen. As they didn't let Ukraine sign the peace deal back in 2022
In two years time, the offer which is on the table now, will be seen as too good to be true
Another testament to the importance of judicial decisions is that news like this can have little to no effect on share prices.
https://www.euronews.com/my-europe/2024/06/14/putin-promises-immediate-peace-if-ukraine-drops-nato-bid-and-gives-away-russian-occupied-a
I understand that Ukraine has no intention of joining a peace treaty under those conditions, but it may indicate that Russia is not willing to deploy more troops in order to make further (significant) gains in the battlefield, which, considering that FXPO is far away from the real conflict, is a great relief.
Started: LoungeLizard1, 14 Jun 2024 10:54
Last post: AICapone, 14 Jun 2024 14:26
The Americans are coming!
Thank you for the info.
Started: DisasterTourist, 10 Jun 2024 20:14
Last post: alex1978uk, 12 Jun 2024 06:35
10-12 trillion in minerals
https://youtu.be/YS1s8GN77h0?si=ym1yVhwWpe130Xre
From my reading the court case has been adjourned again till 8th august now.
Good find disaster but I can’t make much sense of it all. If anything material has happened they would have had to release an RNS.
Good afternoon,
I believe to have found a database where you can access current court cases.
https://court.opendatabot.ua/search?text=Ferrexpo
A quick read of the last five to ten resolutions has not been reassuring. May someone confirm if these are those corresponding to the last weeks?
Started: LifeIsARisk, 7 Jun 2024 17:11
Last post: sharefall, 9 Jun 2024 07:17
Imo, there will be a range price agreed through a brokerage firm and for largish buys accumulation occurs over a period so as to not spike the price. All we the PIs can do is try and spot the trends and use it to ride the wave. Some use technicals, charts etc for this same end. I am wary of charts as in volatile markets caused by unpredictable World events, looking back at trends can imo be misleading. Atb
How does someone do that without jumping the price a load? Is it a pre-arranged trade so not on the open market?
Somebody definitely accumulating at this price.
Nice trade.
07-Jun-24 15:36:47 45.50 5,000,000
Unknown* 2m O
Pre war this was trading between £2 to £3 range.
my target price at least £2.50 when everything settles down.
Do any of you have a target exit price in mind? 15p - 500p over the last 15 years is some trading range, nice work if you can get it for the insiders.
.
As has someone else. Twice now large UTs as days peak. Someone or a group is accumulating and order filling is happening on the qt. Imo..
Started: David6576, 3 Jun 2024 13:26
Last post: Troajan, 7 Jun 2024 13:00
Those pro russian utuber propoganderists
have gone quiet?
https://www.youtube.com/watch?v=eBVF7Bq93sQ
Dirt cheap entry before multi bags from here. Everything going on track now.To restructure Ukraine they need billions worth of steel.
Started: DisasterTourist, 5 Jun 2024 08:33
Last post: jojos, 5 Jun 2024 09:11
I would'nt worry about production last quarter it had increased by over 189 %
Next results are due in about 4 weeks time which are going to be either same as last quarter or if not better.which should give the share price a uplift.
Highlights
· Ferrexpo is committed to the safety and wellbeing of the workforce and the Group continues to take extensive measures to protect employees, their families, and local communities.
· Ferrexpo continues to produce, transport and sell its products despite a challenging environment in Ukraine.
· At the end of March 2024, the Group reported a rolling 12-month LTIFR of 0.36, below the historic five-year trailing average of 0.52. Zero fatalities have been reported for over three years.
· The Group has successfully operated two, sometimes three pelletising lines (out of four) during the quarter, alternating product quality depending on demand from customers and expanded logistics capacity.
· With more stable production from each of the pelletiser lines, total iron ore pellet production for the quarter was 1,813,973 tonnes, a 189% increase compared to the previous quarter. In addition 240,516 tonnes of 67% Fe concentrate were also produced.
· Total sales volumes for the quarter totalled 1,991,936 tonnes. All sales were for products grading 65% Fe or above.
Good morning,
The last days have seen a 10% decline in iron ore prices. Some expect further falls. Reports show lower demand from China, which produces 50% of all worldwide steel. Should we be worried about it?
The premium for direct reduction pellets also seem to be falling on higher supply, despite the increasing demand.
Started: DisasterTourist, 3 Jun 2024 08:30
Last post: Troajan, 4 Jun 2024 16:18
Or just do what the russians do....make up your own legal rules
https://www.youtube.com/watch?v=Q9uZRFGpb2U
I think you’re right disaster. The other legal issues are manageable and are probably just the government putting the company under pressure because of Zhevago. Sooner or later they’re going to want his share of the business. The question is how they go about getting it.
Has the co confirmed this outline of the facts that you have provided. I agree Zhevago is a nightmare, and has been one from day 1, and the soon the co is finished with the better, but don't see how the co can get him out.
My take is that none of the reasons below is strong enough to defend the actual price. However, you have not mentioned the 40% stake in the mine itself, which is currently being disputed. True, from a legal standpoint, it seems irrational, illegal, and impossible for Ukraine to review a sale that took place in the early 2000s. But there is one reason this could happen, and the final results are unpredictable. The Supreme Court, the highest legal authority in the country, has already ruled in favor of FXPO. These decisions tend to be final and unappelable. However, the SBI discovered that the Head of the Supreme Court was bribed by Zhevago himself. As a result, they are now forced to repeat the process. Why would Zhevago bribe a court if he believed he would win the case? Won't the Ukrainian authorities be compelled to rule against him this time? Will the new owners be considerate of the existing company, or will they try to impose their will?
This is the real problem. A 40% stake and the unbearable uncertainty.
Taking Crimea, lol. What do you smoke there?
How can one be so delusional and far from reality to believe this nonsense
Something has changed, on the ground and also here with FXPO.
Just watching at present but am considering taking on a full line of FXPO shares once again.
It was the Northropp Grumman RQ-4B Global Hawk's presence over the Black Sea that led me to the conclusion.
Perhaps doing a bit of reconnaissance so Ukraine forces know where to aim at the Russian anti - aircraft missile systems.
Take out those and Crimea is vulnerable.
"With what? Dad's army and a babushka battalion?"
No, I suspect they will use the billions on weapons arriving from NATO countries, the jet fighters coming into operation and the go ahead from allies to use these weapons in russian soil (hitting russian supplies)
"Looks as if Ukraine is going to attempt to take back Crimea."
With what? Dad's army and a babushka battalion?
Poor things, caught with your pants down trying to swing trade a share like FXPO.
Started: sharefall, 4 Jun 2024 07:39
Last post: sharefall, 4 Jun 2024 07:39
Someone must be mopping up shares. ?leak. Any ideas?
Started: lse2000, 3 Jun 2024 23:31
Last post: lse2000, 3 Jun 2024 23:31
FXP looking good now.. Hopefully court case etc goes in their favour . look for quick 55p plus soon..
DYOR.
All the best!
Started: David6576, 3 Jun 2024 13:03
Last post: David6576, 3 Jun 2024 13:03
This can go back to £4 in a blink. World one of the biggest iron producers.
Started: CleverThoughts, 1 Jun 2024 10:17
Last post: G_G_G, 2 Jun 2024 11:40
Without getting into the war, what are the main issues investors see here?
The legal issues would be great ot understand form KNOWLEDGEABLE posters. F@cktards like 666 don't bother. From what I can tell they're going after the major shareholder - is this correct? Seems an over-reach to go after a listed company versus himself personally, but is this the main thrust of what's going on? And if so, why does FXPO need to hold over $100m to cover any legal claim? It doesn;t appear that FXPO has done anything untoward. I have no doubt any Ukrainian oligarch is a first rate c@nt - they're no different to the Russians in this regard. But surely this cannot be done from a legal pov. I'd appreciate some guidance on this as there's a good chance I'm completely wrong.
The other major risk from what I can tell is the war turning negative. Obviously a big risk, but if the concern is the Russians will get to the mines themselves, which are a long way past Kharkiv, the chances are next to zero. There is no way they will take Kharkiv let alone push that far. The West will likely commit troops before that happens. And they'll allow Ukraine to hit Russia with everything they have remaining. People need to keep in mind that Ukraine has now finally received the sort of support that matters - artillery, missiles, and air support.
Other things mentioned is funds selling out due to FTSE 250 relegation. Anyone know when this is likely to end, and the usual impact of this sort of thing happening?
The war has been raging for over 2 years and the sp has never been this low. So are the above factors the key things to be aware of? Any detail on the legal cases would be much appreciated, including any costs that are likely to be incurred by FXPO.
Funny thing is I looked seriously here after the Crimea invasion and iron ore price implosion back in 2015, and I baulked. Could have 5-10x in 24 months. If this drops into the 20's I think the same thing could happen.
Obviously far more risk with legal and bigger conflict. But the legals will be wrapped up at some point, and they appear to be making a lot of £££ to cover any fines. The FTSE 250 sell-off will also end. The big question mark for me is Russia bombing these mines as I don't believe they'll get anywhere near siezing them. AIMHO GLA
I don't think either side is going to win this war the way things are at the minute.
The west lacks a strategy on how to help Ukraine drive the Russians out. Like, for example, they will need 1000 main battle tanks, 2000 armoured personnel carriers, 400,000 men, air support etc etc. But maybe drip feeding is the strategy. Keep Putin tied down in Ukraine forever then he's not doing anything any where else. Putin and Xi said as much to the Americans about Afghanistan. They were tied down there for no strategic gain what so ever. Hence they turned around and got out of an unwinnable war.
The same can be said of the Russians. Over 2 years in and they still haven't secured any of the four provinces they intended to. No regional capitals and 500,000 dead or injured. Insanity. But they do have the momentum at the minute. Huge sacrifices for marginal gains. Apparently in the regions they have taken, especially Mariupol, they have already moved in tens of thousands of Russians to replace the Ukrainians that fled or were killed. The same as they did in Crimea and the same as the Chinese did in Tibet. Given them the homes of the people they said they were liberating. That's why Russia needs defeating. Their aim wasn't to liberated anyone. It was to make Ukraine disappear all together and Russia a larger stronger entity. The West needs to wake up, start training men and producing military equipment on a massive scale.
This chap,sums it up well.
https://www.youtube.com/watch?v=SyYabeHrqDc
Military wise,russia is no match for nato,putin knows that and their military,once perceived as the 2nd biggest in the world,as been proven to be,hugely exxagerated,in their size.
the west doesnt want to arm ukraine to destroy and win,against them and risk nuclear strikes.
russia will lose economically,no money,no war,,,,the damage is already happening,albeit slowly,this chap,joe bloggs,uses russian data provided by the govermnent and private sector....https://www.youtube.com/watch?v=dAGTuiLvciE
after 20 years of putins wars,the west;s finally woken up,to putins "a bridge to far" war and the industrial genocide,that's his trade mark.
economical attrition?
Trojan, hoping the Russians exit Ukraine with their tails tucked between their legs and Putin is thrown over a balcony.
IMO the Russians will win this. NATO is simply not 100% commited to winning. This drip feeding arms and long waits between deliveries is no formula to win. The abysmal offensive the Ukraine's did last was doomed to fail without airpower. The west would of never done that themselves without major airpower smashing russian position to oblivion first.
Started: devil666, 31 May 2024 20:35
Last post: devil666, 31 May 2024 20:35
Now slow joe has given its permission to the Kiev Warmongering Beggar to fire its us masters missiles, then very shortly
WORLD WAR 3 will commence. Missile detection stations and oil refineries will be at the top of the KIEVS WARMONGERING LISTS.
I live in ENGLAND.
My best and optimum option is for the UCRANEASE TO RAISE THEIR COUNTRIES WHITE FLAG OF CAPITULATION.
Terminate Zelenskiiy
PS dont worry about your share price
Started: Dealagreed, 30 May 2024 08:47
Last post: Krok, 31 May 2024 17:33
Seems like it will fall below 40 next week. Wouldn’t be surprised too much to see a plunge on some not very good news
It will probably keep drifting south until these legal issues are resolved. Q2 results on July 8th which is 5 weeks Monday. There may be a number of court cases between now and then. There's still plenty of ships going in and out of port so I'd expect production to be above Q1 levels of around 1.8mt. Hard to justify a share price of 42p and a market cap of £255m when they are heading back to 2021 production levels when profit after tax was $871m. If the share price stays down here it will be the cheapest stock I've ever seen.
New multiyear low today, last time it went sub-40 was 2016.
Crunch time as a new 52 week low is set yesterday..........
Started: SilverSpoons, 30 May 2024 10:59
Last post: SilverSpoons, 30 May 2024 10:59
EU elections in June are going to shape the European political landscape for the next few years. The political realities about the impact of the war will start to dawn on people wanting to keep their seats. If Trump gets in as well then short of a war hawk creating a false flag event to turn this war global I think Ukraine will be forced to accept a sort of Minsk 2 agreement. Make up your own mind what you think this will mean for FXPO.
Started: craig140583, 29 May 2024 08:55
Last post: fogthemogg, 29 May 2024 10:12
The demands and cheering in some quarters for more arms being sent to Ukraine is peculiar...This will simply prolong the stalemate and increase the body count yet further, as Ukraine do not have the manpower to reclaim significant territory. The only winner has been, and will continue to be, Uncle Sam.
How different are the borders now, versus January 2022 or even compared to January 2014? How was this all worth it?
I don't tend to comment here but I do watch in with an interest. Ferrexpo plc is a good company with a great product. I think if it can keep its operations and when eventually the war does end it is well placed to benefit significantly. There will be a huge post war build in Ukraine and I think globally many will look to support Ukraine businesses recovery. The challenge with all things is the uncertainty and timing.
Started: MakinHay, 24 May 2024 15:27
Last post: Evanescent, 29 May 2024 08:13
i see andy1022 is spouting his usual drivel.....off to the filter list *****
Reuters....
bwaaahahaaaa
most of the world do still trade with russia but their biggest market was the eu. hence, now why gazprom, which was the largest publicly traded gas provider in the world, is on its ****. china are dictating to putin the terms and conditions of what they pay for his gas and have told him that russia has to pay for the new pipeline.
https://www.reuters.com/business/energy/russias-weaker-hand-undermines-case-power-siberia-2-gas-link-china-2023-10-30/
Yes
but dont forget,his exports arnt sold at a premium and currency is on the floor.....so russia's exports,are hegely lower.
gazproms revenues,have been decimated and that was their bread n butter
i think jo bloggs,did a rundown,on the above data...just recently
Alex, most of the world (by population and GDP) still trades with Russia and will continue to do so.
Last post: lse2000, 28 May 2024 20:23
So FXP will be demoted from FTSE250!
I cant remember saying that mannan.....are you sure.
i muust admit though,i wouldnt have thought,back then,45p was on the cards
Lse2000
From the beginning of the war I did say this share will fall all the way to the floor. At that time the price was over £2 00 Only troajan didn’t believe me.
Lse2000
ukraine are fighting for there existance bud.
if a gang of nutters,were attacking you and your family,surely you wouldnt lay down and let um,you'd ring the police up and ask for help
The war is never going to end between Russia and Ukraine when other nations keep supplying more arms to Ukraine. This will only make it worse as Ukraine is not trying to stop the war they are only trying to prove that they are strong enough to win the mighty Russian as world is supporting them!
No one is going to win, only losers at both sides! It is taking over 3 years and still counting to bring inflation under control, many people lost their lives , economy went down hill. Etc
Anyway, I think FXP is very cheap at current price. With lots of good news starting to pile up, it should be great opportunity to buy at current levels.
DYOR
good luck!