The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Not usually good for a company to be completely debt free. So they'll likely keep these debt levels and build up a pot to spend on capital expenditures increasing production to 20mT
Meant they now have more cash than debt. With the current iron ore prices they'll have probably a couple $100m positive now
nice to see you again granto, was well aware of your previous informative posts, only just recently actually registered rather than lurking for the last 4 or 5 years.
You know we're in the right place when you have a tree shake to the previous resistance
oh my full pattern ends at 570. Not going to exit at 400p though in case this just turns into a J curve up on results :D
With the retrace today, I see a wave to 400p? Anyone else see that?
Jomin I'm assuming that too. Got to watch out for that capital gains too
SR123 I think it's 3 years, but not sure if that is "within" or "last 3 financial". Plus don't leave it till the last minute in case by the time it's sorted some of those tickets have expired past the 3 years since it'll take a few months to sort/be paid.
That's for SIPP, but you can personally do it if it's in an ISA. HL knows FXPO shareholders are commonly requesting the dividend notes to claim it back.
Average over the month of january: $190.4/t for 65% fines + $47.7/t Pellet Premium = $238.1/t
We'll could be as high as $135m profit for January.
Tbh they can probably pump more money into it in a given year, i think the major hold up will be improving logistics and more train cars etc. Though I wouldn't be surprised by end of year results if the order hasn't already gone in for rail cars, and documentation of any extra rail lines etc where needed. That'd likely take a few years to fully complete. Other areas they can probably get going and sort, like building new facilities will give backup production if any maintenance is required of current. Might even build it on one of the other mine sites, reducing the amount they need to move the ore around. I think they're still stripping overburden at one mine, so it'll likely go into building facilities at the Bilanivske deposit, for the start of extracting the ore.
If people are interested in the mine and licences they own:
https://www.ferrexpo.com/operation/reserves-and-resources
As I've said before the next step is the $1.2-1.6b investment to get the production and logistics to 20Mt/y. Their mine life is so long, they don't need more mines at this stage, they need increase of capacity.
No, they just send you the div vouchers etc free of charge. Though you have to ask for each one individually, you can't automatically get them sent to you. You have to go through the steps. Maybe something you get an accountant to do. Not sure yet.
You can claim back 20 of the 35% they take, it's a nightmare doing it. Can only submit once a year but backdate 3 years. So I'll likely try to sort it out in a year or two. You can't always get the required information from your broker though, i know some who've had problems in the past, especially with money in a SIPP. HL are fairly used to having to go through the steps though. https://www.ferrexpo.com/sites/default/files/attachments/pdf/Final%20Special%20Dividend%20Letter%20May%202019.pdf
can access previous data by only having one item ticked on LHS, but todays data hasn't been updated.
oh I got it working, just have to select only one at a time
custeel website finally had enough without the use of flash player? Any alternatives for daily spot prices?
I'm looking for more modest 50-100% up after a year. Managed 100% this last year with the final couple of months, just aiming for that every year if possible and I'd have a nice sized pot by the time I'm 40. I'm only doing this part time too, whilst I've more time on my hands during lockdown. Glad things are looking up for you LuckyLuciano!!
Bad day Denziiil? Feel better now you've tried to poke me? Haha