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

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.”

It is all about the price of iron ore.
Iron ore has dropped in price significantly recently.
See web site "indexmundi.com".
When iron ore price improve, so will FXPO, but may take a few months.

FXPO is a share I really like, and I think is very cheap,
but it all comes back to iron ore price.
One to watch and buy into when life improves

I've shorted this yesterday at 180p when support broken.

Looks like it will be moving lower again ... now 160p

148p now.

Not too sure but I suspect they'll need to raise if they've lost the money in the bank that is in receivership. As ever the short vultures are onto this in a big way sensing blood. Sorry for all holders, always thought it was a sell just based on iron ore price declines.

Best to sell imo.

says it all about iron ore demand falling away...

http://news.sky.com/story/1554951/teesside-steel-plant-to-pause-operations

Off another 25% today sorry for all holders.

nothing to do with price of iron ore, but the very dodgy bank which they were using has gone into liquidation ..... if i saw the story correctly, this bank is owned by the chairman of fxpo

Well my comment re iron ore demand waning was more to do with the fact FXPO may be able to survive the cash loss if the iron ore price was what it was 2 years back with strong demand. It is now of course the opposite scenario.

The constant new low in the price of Zinc tells us easily enough where world demand for steel is headed. Grim times.

while you guys were snoozing or waffling, you missed a very exciting day here
in fact, i think it all started to kick off about a week ago (could check but can't bothered)

chart at the top tells it all

hope all you chaps are already out of this one
sp now tumbling hard as the lemmings abandon ship

StockMarketWire.com
Ferrexpo has reinstated dividends after a strong performance in the year to the end of December in 'very challenging conditions'.

EBITDA rose 20% to US$375m (2015: US$313m) on higher revenues and lower costs.

Operating profit, excluding foreign exchange gains, increased buy 36% to US$307m and profit before tax rose by US$206m to US$231m.

Net cash flows from operating activities increased by 159%, or US$204m, to US$332m and net debt was reduced by 32% to US$589m at 31 December.

Other highlights:
- Cash balance increased by US$110m to US$145m as of 31 December 2016 (31 December 2015: US$35m)

- Dividend reinstated - final ordinary dividend of 3.3 US cents per share proposed (2015: nil) and special dividend of 3.3 US cents per share (2015: nil) payable on the 11 April 2017

Non-executive chairman Steve Lucas said: "In 2016, Ferrexpo demonstrated the strength of its business model and management team.

"In very challenging market conditions, where the iron ore price traded at eight year lows, the Group increased its net cash flows from operations by over 1.5 times to US$332 million compared to 2015.

"This allowed it to significantly reduce its financial leverage and strengthen its balance sheet. Net debt to EBITDA for the last 12 months was 1.57x compared to 2.78x as of 31 December 2015.

"Due to the Group's strong financial performance together with a positive outlook for 2017, I am pleased to announce a return to dividends.

"The iron ore pellet industry continues to have high barriers to entry given the capital intensity of new investment while demand for high grade ore, including pellet, remains strong.

"Ferrexpo is one of the largest iron ore pellet exporters in the world by volume and benefits from a well-invested asset base, a competitive cost position and a diversified high quality customer portfolio.

"The average 62% Fe iron ore fines price in 1Q 2017 (as of 20 March 2017) was approximately US$86 per tonne compared to the average of US$58 per tonne in 2016, while Ferrexpo's average pellet premium for 2017 is expected to be in line with the PLATTS Atlantic long-term contract pellet premium less adjustments for quality.

"The pellet premium has steadily recovered from lows seen in 1Q 2016 and now reflects tight market conditions. Costs remain subject to commodity prices, the Hryvnia exchange rate and inflation levels in Ukraine.

"Cash generation to date in 2017, has been strong and we expect the Group's net debt to EBITDA to improve further during the year.

"On the whole, these factors underpin a positive outlook for 2017."