Member Info for lemmink

Sold 2.5k @ £2.02 ... holding 17.5k ... very annoying share ... feels like it's been using my head as a football all year!

extract --- interim results will show operating profit (stated prior to the impact of transaction costs and amortisation associated with the H Peel acquisition) ahead of prior year results.
My comment...
Not really sure what that actually means in terms of underlying EPS implications ... possibly an improvement? but could go either way?

Sold 2.5k @ £1.72 ish ... holding 20k ... tentatively giving it a bit of a kick... fallyebuggr!

Sold 2.5k @ £1.70 ... holding 22.5k ... vexed-confused-again ... possibly shouldn't complain about a rise.

Sold 2.5k @£1.58 ... holding 25k

I suspect it’s rattling around fair value currently ... the P/E ratio (sub 4?) looks good but implied valuations may warrant a discount of upto 35% for Swiss dividend witholding tax ... also the dividend policy may imply sustainable dividends are not believed by management to be quite as high as some market participants (myself included) have been inclined to assume?

Bought 2.5k @ £1.43 ish ... holding 27.5k ... Argentina crisis, turkey crisis ... contagion ... feels like some macro economic stuff brewing ... stock market generally may be transitioning to a buyers market? ... haven't heard anyone say cash is king yet?

The second largest shareholder sold on the way up in two tranches... can't remember what the selling price estimates were? ... somewhere within £1-£1.30 on average I think ... lol this market could treat those numbers as a ceiling!! ... I don't think I'll rush to add today

Sold 3k earlier at £6.63 ish ... I've been losing interest in this position lately, my exposure wasn't high enough to keep me sufficiently motivated/worried to monitor ... I was slow to react to the card holder data theft issue affecting 380,000 (from memory) customers... also IAG is a big complex company, possibly too big & complex for me to competently evaluate... I was starting to think I should ditch this position because it was going nowhere slowly ... not sure wether the data theft will result in significant shareholder value destruction or not?

Will it hold? ... £3 seems like a distant dream ... just a correction?? ... it's been a bit brutal ... might try gently accumulating new lows from sub £1.45 if it comes ... GL noggers et al. ... still holding 25k

Hello, my last buy was a mistake I was trying to get the dividend but I'm pretty sure it was xd now... I think my trading on this had been harmless/ vaguely profitable ... I just kind of do it to maintain a reasonable level of exposure and try to defend the price a bit ... I think because of the liquidity it's possible to be price maker from time to time. I would like it to be 80p for a while as that would fit with my take on things, but it seems to have slackened off a bit.

A very poor partial exit point for me ... a stress reaction related to exposure levels ... didn't know what to do so cut it in half ... below £1.50 I think it starts to head into conviction buy territory ... above that my opinion I think is very susceptible to influence from the price ... ho hum

Sold 2.5k at £1.56 ish by market order ... couldn't get a live quote, even for such a piddly amount! ... holding 25k

Thanks for your comment, I think it was re-reading this from the half yearly report that's given me the heebie jeebies ...

"Ferrexpo's dividend policy is to pay a base level of sustainable dividends through the commodities cycle of approximately US$40 million per annum (or 6.6 US cents per year). The dividend will be split equally between an interim dividend and a final dividend payable normally in October and May, following respectively the Company's interim results and Annual General Meeting."

I know they've been paying double and a bit more lately and on earnings metrics were probably at a PE ratio of 4-5, but the base level of "sustainable" dividends on its own particularly with the swiss WHT barely supports a share price of £1 imo.... ironically I had these sort of concerns at the £1.50 level on the way up but dismissed them as silly on seeing it pass £2 etc, good luck

Sold 20k @ a little under £1.51 ... holding 27.5k ... a sudden occurrence of suspiciously inexplicable anger made me do it!

Bought 2.5k @ £1.526 ish (£1.537 with dealing costs) ... holding 47.5k ... ****ed off, but curious ... the normal dividends are circa 4 x 1.6p (after the withholding tax) ... using a 5% yield to price that gives £1.28 ... but the normal dividends from memory are 50% base and 50% special ??? Also last year also from memory Fxpo paid an extra 3.2p (post whtax)

The London stock exchange website had it flagged as XD today ... I thought it isn't till 10th or 11th when it goes ex dividend??

Bought 25k & 76.5 ... holding 175k

Bought 10k @ £1.66 ish ... holding 45k ... only had a couple of minutes to look at results.

holding 35k