Member Info for lemmink

Havnt noticed it ... I assume it just got paid into my dealing account at some point. Lol a couple of pence is easily swamped by the current rout.

15k @ a little under £1.48 ... holding 65k ... chaos & mayhem ooh!

Glad you're surviving, never tried shorting, I don't think I would ever trust the counter parties enough. Not sure what to make of the chirmarn disposal. They've cut loss making businesses quickly before (hastie burton £1). I'm still trading this sulkily as a strategy because of the 28.5p options -- afew years to wait for the rest to expire or get exercised lol

Sold 30k @ £1.55 ish ... holding 50k ... panic? Don't panic?? Pretend to panic??? Pretend not to panic???? ... umm hedge a bit?

https://www.businessinsider.com.au/iron-ore-price-is-in-free-fall-2017-4 ... one mother of an ugly looking chart ... iron went below $70 today ... did it stay there???

Holding 80k

5k @ £1.613 ... holding 85k

Hope he is ok

$75.28 as at 10th April using quandl.com figures... at £1.70 Fxpo is undervalued based on assumption of a sustainable iron price as low as $50 imo but short term sentiment effects from a falling iron price can turn tricky?

Sold 15k @ £1.65 ish ... holding 75k ... feeling distinctly cowardly... iron in $70 - $80 range?

5k @ £1.68 ish ... holding 90k ... not seen iron price for 5th April (4th $79.34)

Hi, Thinking £2.50 as a target and maybe willing to hold 20k-30k at that price if it gets there. So a fair bit of derisking to do if it continues to rise. Don't know what iron is up to today? Still back testing or has support been found at $80 ? GL.

Sold 15k @ £1.74 ish ... holding 85k

Gone ... unexpected.

Sold 10k @ £1.69 ... holding 100k ... £1.70 does seem difficult to break for whatever reason

5k@ £1.62 ish ... holding 110k

Not worried by the dividends, they are in 4 components adding up to a little over 10p a share which is approximately 40% of last years profits (RIO planning equivalent of 70%, ok they are financially stronger looking), I think only the first 2.6p is currently a firm commitment, so if the iron price crashes today the rest could be easily stopped. Also I think the current run rate for FXPO is EPS upwards of 50p if iron holds over $80 ... No idea re CAPEX ... it may be discretionary or contingent etc ... I should probably spend a little more time reading the results

5k @ £1.64 ish ... holding 105k

1.85 v 3.0

Net debt to underlying earnings ratios ... 2.6 v 3 ... I think