Member Info for AL75

Currently showing strength in a falling market. A good defensive stock.

Well, CMS is creeping up and has made a new high. It's still in a downtrend though as it's not broken out of its channel yet. If it clears 54p then (in my opinion) it's a buy. Any views?

Trading in the shares has stopped. They are in a bankruptcy protection scheme, which gives them room to sell the business at a better rate than a bankruptcy sale. The process will take another 2 months at least. Any cash due back to ordinary shareholders will come through your broker. (But ordinary shareholders usually come last in the queue of creditors) There are 3-4 bidders looking to acquire the assets. However many bidders, my opinion is they won't offer much as the iron ore market is in a downtrend and commercial conditions in South Africa are poor. I'm not sure about taking legal action but unless there was fraud my opinion is we're unprotected. Does anyone else know anything? PS: Brokers such as SP Angel and Numis should be called out for keeping repeated BUY recommendations on the shares, especially when all they did was fall since March 2014.

The Numis recommendation came from La La land.

The FCA have granted a temporary suspension of the listing in International Ferro Metals Ltd. The reason: International Ferro Metals Limited ("IFL" or the "Company") IFMSA enters Business Rescue As a result of deteriorating business conditions, IFL's South African subsidiary, International Ferro Metals (SA) (Pty) Limited ("IFMSA"), which operates the IFL Group's Lesedi mine and ferrochrome smelting operations, has taken the step of entering into Business Rescue. This is a South African statutory means of enabling a financially distressed company to continue in business, under the supervision of a Business Rescue Practitioner, protected from its creditors. While in Business Rescue there is a moratorium on creditors and others taking legal proceedings or enforcement action against IFMSA or in relation to its property or assets. This allows for the development and implementation of a Business Rescue Plan to seek to enhance the potential return for IFMSA's stakeholders.

Even IFL is up today. Must be a token rise in view of the rises today. So many oil and mining businesses are caught in the commodities slump and they need to make drastic changes to their business models to remain profitable. Unfortunately IFL is facing issues from all ends from Electricity supply to iron ore price falls. That makes it difficult to execute a strategic plan and create shareholder value.

er no! If £5k is more than you have to lose, then keep your cash.

Some time ago: I came, I bought, I lost.

The Numis BUY rating has been like a broken record ignoring the fact that the share is still in a downtrend. Broker ratings should be taken with a massive pinch of salt.

No respite for IFL and the iron ore miners: http://www.abc.net.au/news/2015-07-08/junior-miners-facing-uncertainty-as-iron-ore-price-tumbles/6605006

Nice words, although a contract extension isn't going to change their world. Expansion into Eastern Europe sounds good. Either way, the market likes but the share price has a long way to go before it moves into a confirmed uptrend. GLA

I'm not sure about death throes. IFL made it's first operating profit in the last 5 years last year and could easily service its debt in 2014. EPS is now positive and the business has assets far in excess of its liabilities. Of course it has difficulties in the Global iron ore market and mining operations, but unless I'm missing something I don't see death throes just yet. Maybe 1 or 2 nails in the coffin though. There's also lots of other factors at play e.g. debt ceiling of ZAR500m, USD/ZAR exchange rate, cost of electricity etc. but I'm not an expert on that. For me the share price is king and there's no reversal of the downward trend just yet. IMHO the share price will languish until the Global markets start to move in their favour.

This one's on my watch-list, but no buy yet because a) It's still in a downtrend (looks like a reversal may be on the cards though) and b) It's finding resistance at the 38.2% FIB at 175p. So for me it's a watch and wait.

Lots of articles about the merger "falling at the first hurdle". Well done Journalists! What is clear though, is that after any merger there will have to be significant restructuring to their finances, operations and properties. #bullish

Good luck Cheese King, but in my opinion once they announce 1 piece of bad news, another one usually follows. e.g. Tesco.

Come on Numis, you can do better than repeatedly issuing an IFL buy recommendation: "International Ferro Metals Limited (LON:IFL)‘s stock had its “buy” rating reiterated by research analysts at Numis Securities Ltd in a report released on Wednesday. They currently have a GBX 25 ($0.40) price objective on the stock."

Are GSK taking a lead from the banks? They seem to be embroiled in lots of unethical business practices around the world? Which other paragons of British industry will be next?

Distortion and market manipulation are just more hurdles that private investors face.

Agreed. Hindsight is 20:20 vision.

Although I'd like to be bullish, the market is telling me "no". So I'm waiting.