Recent listing produces iron ore in the Ukraine and has recently stepped up production recent gains suggests this one has further to go dyor..

Great value.

FXPO is a BUY now at 26p. Very good value.

shares in this company can never be a good buy so long as they are controlled in the way they are ..... too easily mmanipulated as has happened in the recent past

FXPO is going up again...BUY...now 30p

Going up by 10% each day. Good stuff.

FXPO are presenting in London next Thursday evening!

For FREE registration, click HERE

Free to attend, and you can chat to management over drinks and canapes afterwards,
in a friendly, informal, and very social atmosphere.

This one is going all the way .

The directors of Gold Resource Corp (NYSE: GORO), Ferrexpo (LSE: FXPO), LonZim PLC (AIM: LZM) and Ovoca Gold (AIM: OVG) will be presenting:
Thursday the 21st October 2010,
Chesterfield Mayfair Hotel, 35 Charles Street, Mayfair, W1J 5EB

The presentations will start at 6:00pm and finish at approx 8:00pm. After the presentations are complete the directors will also be available to take questions during a free canapand wine reception. Details on the presenting companies can be found below.

This event is suitable for the following:
Sophisticated & private investors, private client brokers, fund managers, financial institutions, hedge funds, buy & sell side analysts and journalists.


FREE registration - http://www.proactiveinvestors.co.uk/register/event_details/91

Today - Friday, April 15, 10:11 AM Capping off a week of bearish calls, Goldman Sachs expects hard assets to underperform for the next 3-6 months, citing "mounting downside risks" to current high crude oil prices - signs of U.S. "demand destruction," Nigerian elections, potential Libyan ceasefire. But it maintains its overweight allocation on a 12-month horizon due to "tightening fundamentals" over the next year.

http://seekingalpha.com/currents/search?query=goldman+sachs

From Yesterday....

Goldman Moves To Underweight On Commodities

Submitted by Tyler Durden on 04/14/2011 23:58 -0400

CopperCrudeCrude Oil


Nobody could have seen this one coming: "Mounting downside risks to current exceptionally high crude oil prices are leading us to recommend an underweight allocation to commodities on a 3 to 6-month horizon, but we maintain an overweight on a 12-month horizon on tightening fundamentals over the next year....Not only are there now nascent signs of demand destruction in the United States, but also elections in Nigeria, a potential ceasefire in Libya and record market length on contagion fears. Further, softening near-term base metals balances suggest that a stock-out in copper inventories and associated price spikes has now been deferred beyond 2011, and recent gold price strength has pushed us close to our near-term price targets. As a result, we now recommend an underweight allocation to commodities on a 3 to 6-month horizon." Translation: please line up and convert your hard assets for dilutable fiat courtesy of the good folks doing god's work.

Taken out a short. Tecnically and fundies look weak at moment.

FXP Ferrexpo

Looks the ideal trade set up here so
just taken it after non farm pay
rolls beat in US.

Fundys sound aswel.



Trades on a forward P/E to just over 5 to 2012
far too cheap.

Ferrexpo PLC

FORECASTS 2011 2012
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Edison Investment Research
29-02-12 None 353.07 50.69 4.04 316.74 45.49 4.04
Seymour Pierce
01-02-12 BUY 446.52 64.12 4.28 432.89 62.70 4.48
Evolution Securities Ltd
05-12-11 BUY 432.68 61.30 4.43 453.96 64.28 5.07

2011 2012
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Consensus 421.68 60.29 4.28 414.31 59.45 4.57
1 Month Change -5.19 -0.72 -0.02 -7.54 -1.07 -0.04
3 Month Change -0.83 -0.19 0.07 -10.31 -1.97 0.00


GROWTH
2010 (A) 2011 (E) 2012 (E)

Norm. EPS 505.98% 28.95% -1.39%
DPS -0.49% 0.73% 6.87%

INVESTMENT RATIOS
2010 (A) 2011 (E) 2012 (E)

EBITDA £349.82m £495.33m £497.75m
EBIT £346.23m £478.13m £459.70m
Dividend Yield 1.34% 1.35% 1.45%
Dividend Cover 11.01x 14.09x 13.00x
PER 6.76x 5.24x 5.31x
PEG 0.01f 0.18f -3.83f
Net Asset Value PS 80.71p 153.88p 212.03p

Hemscott Premium.

Broker upgrade out lunchtime

12:14 FLASH: Numis initiates buy on Ferrexpo, target price 400p

FXPO


Ferrexpo is quality business, which continues to improve, says Numis

3:39 pm by Giles Gwinnett Barker pointed out that Numis conservatively assumed production would grow from 10 million tonnes per year last year to 22 million tonnes per year in 2016 as Yeristovo comes on line FTSE 250 iron ore producer Ferrexpo (LON:FXPO) is a quality business that continues to improve, according to broker Numis, which has initiated coverage on the stock.

The broker begins covering the Ukraine operating firm with a 'buy' stance and 400 pence price target.

Analyst Cailey Barker said the company had one of the largest iron ore reserves in the world at 20 billion tonnes and was looking to grow from its current 10 million tonne per year Poltava mine, known as FPM, with the addition of Yeristovo (FYM) in 2013, and potentially Belanovskoye (FBM) in the future.

"FXPO is a conservative business with a strong track record," said Barker.

"It continues to improve, securing its supply chain with better logistics, upgrading its product quality into high value pellets, and expanding its sales into growth markets."

Barker pointed out that Numis conservatively assumed production would grow from 10 million tonnes per year last year to 22 million tonnes per year in 2016 as Yeristovo comes on line.

FXPO has a strong balance sheet with net debt of around $80mln, and healthy gearing of 6 per cent, the broker believes.

"We expect the company to continue to manage its finances well and remain fully-financed for its expansion plans," said Barker.

Looking at the iron ore market, the analyst added: "Despite recent softening and jitters over Chinese growth, we expect a tight market and strong industrial demand to keep prices buoyant but volatile over the next few years.

"We also expect prices to remain elevated to incentivise development of large scale projects as financing conditions and macroeconomic effects continue to bite."

Barker also noted that the firm was relatively cheap - currently trading below the peer group at around 5.7 times 2012 price/earnings and 2.9 times EV/EBITDA, compared to the group average at 10.3 times and 4.0 times respectively

FXPO Ferrexpo

Brokers like the stock...

Forward P/E of 5.7 2012.... WAY TOO CHEAP.

Ferrexpo PLC

FORECASTS 2011 2012
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Numis Securities Ltd
09-03-12 BUY 415.53 58.60 5.08 338.38 47.54 5.08
Edison Investment Research
29-02-12 None 353.07 50.69 4.04 316.74 45.49 4.04
Seymour Pierce
01-02-12 BUY 446.52 64.12 4.28 432.89 62.70 4.48
Evolution Securities Ltd
05-12-11 BUY 432.68 61.30 4.43 453.96 64.28 5.07

2011 2012
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Consensus 423.29 60.19 4.62 387.68 55.24 4.80

1 Month Change -3.14 -0.76 0.33 -33.39 -5.18 0.19
3 Month Change 0.78 -0.29 0.41 -36.94 -6.18 0.23


GROWTH
2010 (A) 2011 (E) 2012 (E)

Norm. EPS 505.98% 28.74% -8.22%
DPS -0.49% 8.88% 3.85%

INVESTMENT RATIOS
2010 (A) 2011 (E) 2012 (E)

EBITDA £349.82m £486.39m £450.12m
EBIT £346.23m £209.34m £408.35m
Dividend Yield 1.33% 1.45% 1.51%
Dividend Cover 11.01x 13.02x 11.50x
PER 6.82x 5.30x 5.77x
PEG 0.01f 0.18f -0.70f
Net Asset Value PS 80.71p 153.88p 212.03p

Broker Note out.....


Ferrexpo

FTSE 250
Basic Materials
Hold
440
320.3
37.4%
Otkritie Capital

Target SP 440p Upside 37.4%

Going like the clappers today here.

Beat forecasts easily.......

http://www.investegate.co.uk/Article.aspx?id=201203140700192969Z

BRIEF-Ferrexpo 2011 EBITDA climbs 37 percent
14 Mar 2012 - 07:03

LONDON, March 14 (Reuters) - Ferrexpo PLC :

* Miner Ferrexpo says 2011 EBITDA $801 million versus $585 million

year-ago, up 37 percent

* Miner Ferrexpo says 2011 profit before tax $691 million versus $498

million year-ago

* Miner Ferrexpo says final dividend 3.3 cents per share

* Miner Ferrexpo says growth projects progressng as planned, first ore

from FYM end of 2012

* Says market prices for iron ore have moderated so far in 2012, believes they

will be above average historic levels

((London Equities Newsroom; +44 20 7542 7717))

UPDATE 1-Ferrexpo 2011 profit climbs 37 pct, costs rise
14 Mar 2012 - 07:38

(Adds detail, background)

LONDON, March 14 (Reuters) - Ukrainian iron ore producer Ferrexpo posted a 37 percent rise in core profit, at the higher end of expectations, thanks to strong prices and higher sales volumes that helped offset rising costs.

Earnings before interest, tax, depreciation and amortisation (EBITDA) jumped to $801 million, compared to forecasts of $772 million, according to Thomson Reuters I/B/E/S. Profit before tax rose 39 percent to $691 million.........

Ferrexpo, the Ukraine-focused iron ore pellet producer, managed to maintain production levels in the first half but is still struggling with tough price conditions.

Production at the group’s Poltava mine for the six months to the end of June was 4.7m tonnes of pellets against 4.8m in the same period of last year.

Revenues came in at $731m, down 15% on the first half of 2011, while profits before tax were 52% lower at $169m.

The interim dividend has been maintained at 3.3 cents per share.

Ferrexpo’s Chairman, Michael Adams said: "...the iron ore market has been volatile with market prices for iron ore down 20%.

"Ferrexpo, however, has continued to enjoy solid demand for its pellets with the average pellet price for the period down by only 12%. Lower pricing combined with higher raw material costs has reduced profits from the record level of 2011.”