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Choose Your Rogues Wisely

2021-05-01 08:43:01

On the whole, it probably does make sense to avoid investing in companies run by rogues but if one is to break that rule, it pays to back a rogue who knows how to generate cash. Perhaps rogue is too strong a term for Kostyantyn Zhevago, founder and majority shareholder of Iron ore miner Ferrexpo PLC (FXPO), so let us just say he is a colourful Ukrainian entrepreneur, one of the original oligarchs who, finding himself in the right place at the right time, acquired some promising assets for a song and listed his company in London in 2007.


Ferrexpo – Q1 production report, there remains upside potential from this cracking share tip

2021-04-16 09:49:49

Iron ore pellet producer in Ukraine, Ferrexpo (FXPO) has announced a first quarter 2021 production report which includes it noting some ongoing pelletiser upgrade work impact though also that there has been some additional production, in terms of high-grade concentrate...


Ferrexpo – full-year results, still further upside to come on this cracking share tip?

2021-03-23 14:30:20

Ferrexpo (FXPO) has announced results for the 2020 calendar year and that it expects to deliver a further increase in production this year. It is all looking good...


Ferrexpo – time for another go

2019-09-09 13:30:28

Back in May I suggested buying shares in Ferrexpo (FXPO) at 207p on the basis that the sharp fall in the share price on the news of the resignation of the auditor was overdone and that a rally to 250p was likely. The good news for those that saw 250p as a target was that it was hit in short order, with the shares going on to 285p...


Ferrexpo: A Blooming Buying Opportunity

2019-05-04 13:11:06

Normally when a company loses its auditor in a public spat and the non execs start leaving it is a massive red flag and a huge sell signal even after the initial knee jerk falls. Quite often it is the first step to bankruptcy. With this in mind I had a quick look at Ferrexpo(FXPO) over the weekend with a view to shorting it first thing on Monday morning. I ended up buying the stock. Here is why.


Ferrexpro auditor quits – the silence is deafening

2019-04-26 07:43:59

The announcement from Ferrexpro (FXPO) today is brief but shocking.


This Iron Baby is Not for Turning as Steel Prices Soar by 30%

2018-01-23 01:07:20

Hello, Share Punchers. Are you getting along with your 2016-17 tax return? Only about a week to go now before the end of January when you’ll have to pay more if you don’t file in time. Luckily, many Armchair Tycoons are no longer troubled too much with capital gains tax as most of our holdings are in ISAs. For this reason, it’s well worth keeping your ISA topped up.


Ferrexpo, questions, questions

2015-12-14 04:14:42

The International Monetary Fund has decided to delay fresh loan payments of $3.4 billion to Ukraine. In the meantime the World Bank has given the Deposit Guarantee Fund in Kiev $500 million to keep the leading Ukrainian banks solvent. The two international agencies have also agreed to the seizure of $174 million in funds held in a Kiev bank by the London-listed iron-ore miner, Ferrexpo. The state raid on Ferrexpo’s corporate account in Finance & Credit Bank, one of the top-10 Ukrainian banks in asset value, is the first cash confiscation from a Ukrainian oligarch for the benefit of the Ukrainian reform programme. 


Ferrexpo's shocker shows why you have to be a top-down AND bottom-up investor

2015-09-19 00:55:36

Way back at the start of the year one big picture investment theme I had a good deal of sympathy for was that bond investors would have to get used to the term ‘haircut’ (a cut in anticipated coupons/principal repayment cash flows) reflecting the reality of too many crud balance sheets out there.  I still believe Greek government bonds have that capability given time and a variety of energy sector bonds look deeply shocking but yesterday the Ukrainian Parliament voted through an agreement struck with its largest bond creditors which included a 20% haircut on its sovereign bonds. 


Buy Ferrexpo at 155p – target 240p

2013-07-10 01:53:44

Ferrexpo (FXPO) was the star of the FTSE 350 yesterday announcing an 11.4% YOY increase for Q1 in iron ore pellet production helped by the start of output from its FYM operation. It is now ramping up rapidly so that it can produce 859,000 tonnes of Iron ore pellets.  Are the shares still a buying having jumped to 155p?

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