Member Info for tomglan

If they were good at predicting massive falls in commodities they wouldn't need to work as analysts... having said that I'm the first one to admit I didn't think iron ore would rebound this strongly in 2016

Excellent news, congrats. In a weird coincidence I am going on holiday tomorrow - the same place I visited on the day that Ferrexpo lost the $180m and the shares tanked to 29p... I had a paper loss for a huge amount of money that day and it kinda put a dampener on the entire trip. Well over the last couple days I have significantly reduced my FXPO holding and made a small profit as well. My remaining shares now stand at a level in which I wouldn't lose sleep if we fell to 30p again... I've used the proceeds to pick up some oil companies yielding 7% and some retailers with similar payout yields. I still have a decent chunk of FXPO left so that if we hit £1+ I'd still be a very happy man. FXPO is still very well run, profitable throughout the cycle and cheap (especially if that dividend comes back online soon)... but I don't 100% trust the board or management and therefore don't want a large part of my net worth tied up with them. All the best guys!

Not sure there has been any more posts? Just a bit of cooling off after the excitement of Tuesday :-)

Well done on making £2,000 today Matt - more than I earned today haha :-)

Will offload next block at 90p - plenty left in the truck. Let's hope we're not waiting too long

Just sold my 15p block of 5,000 which cost me £760 for just under 4 grand... very happy :-)

In that case you'll be buying some of my shares... I said I would being off-loading at £1+ when the company managed to lose that $180m in the CEO's bank. Will take a nice profit and reduce my large FXPO weighting

Many thanks for the answer, again. Final question: Do you think this can do a Hochschild Mining? (see LON:HOC graph). I'm starting to believe haha... :-)

This is probably the best answer to a genuine question I've ever received - thank you! Well explained by the way. I see the SP is edging over 60p now... What is your guess for why this didn't rocket today? An evil plan by market makers or something else?

Granto can you explain to me how you can have more buys than sells? Surely it is an exchange with one party selling their shares to another party that buys them?

Anyone manage to get any cheap buys in when it was sub 30p? Mine below: 16/12/2015 BUY FXPO LSE 5,000 15.13 �765.03

You have a similar avg. price to me then... unfortunately I had to sit through two years of the bottom falling off iron ore and the company losing a big wad of cash. I hope we have an easier journey ahead of us

I've been following this company for a few years and have bought shares all the way down to a block at 15p. As long as things continue in a similar fashion there is no reason not to see 80-100p quite soon... I agree it's the institutions that have the power to move the price quickly... but PI's need to be quick to pick up shares when they occasionally become 'too cheap'

We made $78m in profit for the 6 months ended 30th June 2016. This works as $13m a month profit. The 6 months comprised of a poor Q1 followed by a stronger Q2... if the good conditions continue (which they appear to be doing - see granto's post re premiums) we can expect profit to be higher going forward.

I liked the company too... then the iron ore price plummeted and the company 'lost' $180m in the CEO's bank. If the current environment persists and we continue to pay down debt I think we could hit £1 quite easily... As you can see - when this share decides to move it does so quickly

Dropping like a rock today. Aggreko can't seem to get it right ever since this Weston bloke turned up. Not sure whether macro factors are completely to blame anymore... It appears we have decidedly gone ex-growth - therefore that growth premium in the SP will burn itself off. We haven't been able to increase the interim dividend since 2013... we're now even going into debt to pay the dividend...

I phoned them yesterday and they didn't have any idea about the discount. I've since called my broker (iWeb) and believe they are sorting it out on my behalf... Just need to get my NXT voucher now and that'll keep the misses happy for a while

- Record 65Fe production - Net debt starting with 7xx - Mention of strong July / slightly more positive outlook - Cash levels similar to before ($30-40mln) - Low capex - Slightly lower unit costs (cheap oil, hryvnia deval, production gains etc.) - On target to reduce debt without restructuring if current environment persists etc. - Focus on debt reduction for medium term

Anyone have any experience in obtaining the shareholder discount vocuher for Laura Ashley? Do I speak to my broker to the company directly?

Back at 50p... those block of shares that I got for 15p looking good now. Will be hitting my break-even soon if this carries on. Fingers crossed for a decent bit of debt reduction come results on Weds