Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
100% Lucky, massive hint.
'including recent growth in both the Group’s production volumes and product quality, following the recent completion of investments throughout the Group’s operations.'
I hope Schroders dry up.
I think highest pellets price this year, and was possibly an all time high, $329.70, on 12th May.
Price has quietly crept back up today to $I think highest pellets price this year, and was possibly an all time high, $329.70, on 12th May.
Price has quietly crept back up today to $323.70.
Makes it the 2nd highest.
??
Very bullish Lucky,
Let’s see how long China can keep the squeeze on.
Pellet premium at near all time high continues to support the fact that supply is the only real story here.
#FXPO H1,20 Avg PLATTS CFR 65% Fe iron ore fines price achieved $105.90/t.
Pellet premium was nominal.
C1 cost $41/t.
approx margin achieved $75/t.
H1 profit after tax ~ $250M.
At a spot $298/t, company making 3.4X H1,20.
#FXPO at current fe65 pellets spot $280/t, generating in excess of ebitda $2B per annum.
Market cap currently £2500M/ $3.4B.
Local politics aside, (and there possibly lies the opportunity) this should be multiples.
Fe65 pellets $265/t unvrkw.
China I think commands an average of c$20 discount against those prices, and has been dominant buyer.
FXPO C1 costs c$44/t
Company clearing $200/t
Plus fe65 showing strength against lower grades as China struggles with emissions.
Now if only someone will give Putin Nordstream 2 back so we can all crack on, that would be great.
https://twitter.com/robert__rennie/status/1371327666108780547?s=21
with a free cashflow yield of 74% for 21 up from 37%
https://www.sharecast.com/news/broker-recommendations-/broker-tips-itv-ferrexpo-experian-pearson--7837663.html
A staggering $1.8B of free cash flow.
Have moved to II since The Share Centre got bought out. And well they’re crap.
Interface is utter ball sack.
Can anyone recommend a decent broker?
I can’t even figure out how to go through recent orders. Just a shambles.
If you get clearance from HMRC that it is allowable your broker will re-enter the reclaimed tax back into your isa without touching the allowance. HMRC are a lot quicker to respond than the Suiss. Genuine thoughts are that if your Suiss tax withholding is really that important then you’re probably going to be ok anyway.