The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Information like this makes me even more bullish on FXPO. Nice find Alex. I reckon the SP will flutter around the mid 50s before the next court hearing scheduled for 27 May 2024.
Government published this detailing the extensive aid and military investment of the UK.
"Building on the historic UK-Ukraine Security Agreement, marking the start of a 100-year alliance, we are committing
to provide at least the current level of support to Ukraine until the end of the decade or for as long as required."
https://assets.publishing.service.gov.uk/media/6628c835b0ace32985a7e51c/2024-04-23_Defending_Britain_-_FINAL.pdf
OMH and Evanescent, you read my mind. JW, the upcoming court cases are small fry. The price at the moment is a great opportunity to get some cheap shares easily worth 3 to 10 X more. Large share holders should not be selling at all. Apart from losing money, they will be missing out big time on massive future growth. Are you shorting FXPO though JW? If so – why? It is about as much good sense as parachuting into an alligator farm.
Wouldn't worry about court case too much. It is (mostly) theatrics to show they are clamping down on corruption. It would be extremely foolish to punish FXPO when it has many big, influential foreign investors like HSBC and Blackrock. I've said it before, and I'll say it again, this is the steal of the century, when the court case is done and dusted, there will most certainly be a dividend (likely a resumption of the one cancelled back in February), but perhaps a 2nd dividend some time later. A 3rd would not be out of the question considering the sheer amount of cash generated by FXPO. The Black Sea is clear for exports now. The SP will NOT fall back to record lows ever again (unless the company is absorbed by the Russians – highly improbable) as all the risk is now baked into the price. With the recent passing of the aid bill, and security assurances from NATO, I wouldn't worry about that. If Ukraine wins, this becomes a multibagger overnight, and the SP might even hit record highs (why not?) FXPO will be involved in the reconstruction of Ukraine.
Thyssen-Krupp is steadily doing well, restructuring plan with Carlyle Group and diverse exposure (submarines and corvettes to Israelis), is buffeting them. Advise anyone who isn't in Thyssen-Krupp to invest, I invested about 3 weeks ago and am up 10%. Stock is still dirt cheap – slightly more than RR now a share, but could easily double or even triple.
Clued, again, its a warzone. Its not an excuse, its a reason. If you think the Israelis are being callous, you should see what the Azerbaijanis are doing, or the junta in Burma. Literally nobody cares. Its all just hand-wringing from certain sections of society who have an axe to a grind. Its just distracting from the Palestinians. There's a reason why Egypt and Lebanon are refusing to open their borders to refugees from Palestine – they remember the trouble it caused the last time they accepted them. Beirut used to be the Paris of the Middle East before the PLO turned up. Cairo refuses to host anybody with links to Hamas – they are the offshoot of the Muslim Brotherhood (Egypt is sworn enemies with them).
Yes, the Israelis are hard, abrasive, arrogant, but their neighbours are much, much worse.
"Complicit" "Collective punishment" ? It's a highly congested warzone. Innocents die. Israel shouldn't be held to a higher standard than any other country. If Saudi Arabia got even a tenth of the flak Israel does, there would be questions. The moaning is all done in bad faith. There's many crosses to bear. Senseless to pick this one.
Wet blankets in judiciary, politics and society believe UK arms sales to Israel breaches international laws. Usual selection of Islamists, virtue-signallers, student activists, ambulance chasers. Should organise a first-class ticket to Rafah instead.
100 billion fund being proposed by NATO will give the industry a adrenaline shot. Expect BAE, Rolls-Royce, Airbus, Thales, Dassault, Leonardo, Rheinmetall to benefit especially.
Mulder, it's war. What do you expect? People die. Everybody understands the situation is messy, but your take is naive, short-sighted and cynical. BAE are a premier arms manufacturer absolutely essential to our security and defence. Without them, we would be a lot poorer (not just economically), but weaker too, less influential on the global stage, less powerful. The UK needs to be as strong as possible in today's volatile world.
Dividend could quite easily be resumed if news is good – recent performance of company has been/is remarkable regardless of the circumstances (output has been highest since outbreak of the war). If SP goes lower it goes lower. But this is the steal of the century, quite simply.
Still going strong. I am picking up as much as possible.
https://inventure.com.ua/en/news/ukraine/ferrexpo-invested-dollar80-million-in-the-ferrexpo-poltava-mining-fpm-production-line
Hold, unless you need the money. Otherwise, wait and watch – this will double within 4 years.
Current SP is the steal of the century. If it goes lower (it probably will) – I will buy even more. While this stock feels like treading through a minefield, the possible rewards in the future are absolutely, positively enormous. Dividends alone could provide a salary. The war needs to end soon. This November will be very interesting with the US elections. Anything can happen...
Nice find Alex.
£13 now reached. Barclays & Bernstein sees £14.50 on the horizon, Berenberg £13.60. Personally, I think £15 is closer. I reckon this will get an adrenaline shot around November when the US elections take place. £20 next Christmas 2025 will be on the horizon I think.
Sandyman, really? If FXPO comes under Russian control consider it a lost cause. Why you would be against sending arms to the Ukrainians? Literally protecting an investment. Unless you are trolling, an edgelord, or a idiot, this really shouldn't need spelling out.
MC, just give it time. The Americans can afford to be apprehensive – Poland cannot. Hence why they spend 4% of GDP on military and now are gearing up. It's not farfetched or controversial, but absolutely necessary. You can't rely on the Americans for anything. During a recent debate on the 25th anniversary of Poland’s accession to NATO, Foreign Minister Radosław Sikorski stated that a full NATO presence in Ukraine is "not unthinkable."
have not been very understanding of the situation – too slow and apprehensive.
Via Reuters, FXPO have announced they need more time to publish the full year results. Tomorrow, will see a drop probably …
Ukraine may lose, but in any case, Russia will lose. No chance of Poland letting Ukraine became a Putinist vassal state. If Ukraine falls, so does Russia. Polish military alone could smash Russia.