Ferrexpo Share Chat Forum (FXPO.L)

Ola, your thought is very interesting. It makes sence. Taking into account that the recent growth was caused mainly by seasonal non-fundamental factors and short-run increase of activity in China, during the next weeks well see downward dynamics.

I have some thoughts on the recent OPEC agreement. The next week oil stocks will rise definitely. Many of us will start selling other stocks just to buy oil ones instead. This will lead to a decline in share prices of many other mining companies, including Ferrexpo. According to my estimates the price will roll back to 115-120.

Andrew, everything is possible! Today Ukrainian National Banks representative informed that they filed a charge against the owner of recently insolvent Finances and Credit bank with the aim to recover USD 60 mln. This gentlemen also has a controlling stake in FXPO. The court is likely to arrest his property and FXPO as well.

My friends in Ukraine say that their general procurator's office conducts pre-trial investigation of the criminal case related to large-scale theft of funds that were allocated by the central bank to the bank Finance and Credit (belongs to FXPOs owner). Year ago the bank became bakrupt. One of the suspects in this case is the owner. They say that the company could be nationalized. What do you think about that?

*Thats a bad sign, Im going to sell.

The companys second largest shareholder during the secondary placing a few weeks ago has sold 10.7% of his shares. Thata a bad siag, Im going to sell.

Paulina, thats true. Shareolders took this decision on the 18th of November. The main reason is that the Company is not willing to generate sufficient cash flow from the main operating activity and to repay its debt on time and in full.
The company is very exposed to the risk of liquidity shortage for the timely implementation of payments scheduled for 2017. Ferrexpo in 2017 will have to repay its creditors USD 202 mln. Then, in the first half of 2018, the company will need to repay its liabilities worth USD 273 mln, including 50% of eurobonds (USD 173 mln). In the second half of 2018 the company will have to repay USD 55 million and in the first half of 2019 there will be a need to pay off the second half of eurobond debt.

Is it true that on 16th of November shareholders decided to allow the management to emiss another tranche of eurobonds for the amount of EUR 750 million? How will it affect share prices?