Iron ore pellet producer Ferrexpo has been in business for over thirty years but its operations have gathered renewed momentum recently. The question is can it maintain the momentum?
Ferrexpo plc is a Swiss headquartered resource company with assets in Ukraine. We are principally involved in the production and export of iron ore pellets, which are used in the manufacture of steel. Our asset base comprises one of the largest iron ore resources in the world.
We produce around ten million tonnes of iron ore pellets per year and with several growth projects in place are aiming to double future production. We are committed to becoming a leading global supplier of iron ore pellets, providing outstanding service to our customers and strong returns to our shareholders.
We became the first Ukrainian company to be listed on the main market of the London Stock Exchange (ticker: FXPO) following a successful Initial Public Offering on 15 June 2007. We are a member of the FTSE 250 UK Index.
Ferrexpo plc is the only pure-play iron ore company currently listed on the London Stock Exchange.
21/03/12
Iron ore pellet producer Ferrexpo has been in business for over thirty years but its operations have gathered renewed momentum recently. The question is can it maintain the momentum?
10/11/11
Evolution Securities rates the firm as “a very competitive iron ore producer” and has stuck with its 504 pence per share price target
06/10/11
Broker Evolution Securities has set a price target of 504 pence for the shares, which were trading up at just below 300 pence each at lunchtime today
27/09/11
At current levels, iron ore pellet producer Ferrexpo's shares are undervalued, according to broker Seymour Pierce, which has produced a research note on the stock following a visit to its operations in Ukraine.
25/08/11
Ferrexpo, the Ukraine-focused iron ore pellet producer, has seen heavy falls in its share price in recent months despite it putting out strong interims and an upbeat outlook just earlier this month. Seymour Pierce for one reckons the stock is now very undervalued and recommends the shares as ‘buy’ with a price target of 503 pence.
17/08/11
Although the ‘big-cap’ mining sector is down 29 per cent from this year’s peak JP Morgan Cazenove analyst David Butler reckons portfolios should not be ‘underweight’ as far as the miners are concerned. His preferred stocks in the sector are Rio Tinto, Anglo American and Fresnillo.
04/08/11
Deutsche bank has upgraded its view of Ukrainian iron pellet producer Ferrexpo after yesterday’s strong first half results. Meanwhile, UBS has stuck with its higher target price for the shares despite retaining a ‘neutral’ view.
03/08/11
Revenue and operating profit were up 63 per cent and 86 per cent respectively over H1 2010 as the firm benefited from increasing demand from the steel industry, mainly in Germany and Asia. Brokers are sticking with price targets for the shares that are significantly higher than this morning’s price
26/05/11
Ferrexpo reported an interim statement today for the first four months of 2011 saying it had made a good start benefitting from stong demand for its iron ore pellets.
11/03/11
Ferrexpo is expected to be a major beneficiary of a buoyant iron ore price. We preview the up-coming prelims, and assess the oultook for the market. Also we look at some research that suggests investors have been slow to recognise the value of the shares.
31/12/10
London’s best performing FTSE350 stocks of the year are a curious mix of the dull and the intriguing. Among the winners, the resources area is well represented given record high for gold and 30-year high for silver. Retailers and house-builders, meanwhile, were among the leading the laggards. Broker Galvan Research provides us with a commentary on the year just past and a couple of predictions for 2011
11/11/10
Ferrexpo began the day strongly as investors welcomed its decision to restart growth projects that had been shelved back in 2008. The stock has been further buoyed by analyst upgrades in the sector. With record breaking production volumes, renewed expansion opportunities and improving forecasts in the commodity markets Ferrexpo has been one of the day’s most talked about big-caps.
30/06/10
Ferrexpo has not gone unnoticed by the market. Indeed the company’s share price has rallied by around 50% in 2010, predominantly on the back of the stronger outlook in the iron ore market.
15/01/10
Ferrexpo said the fourth quarter was its strongest in 2009 as pellet production and higher grade pellet output rose, it is seeing a slow recovery in European markets.
05/08/09
Ferrexpo also reacted to demand for higher quality 65% iron pellets; the group produced 2 million tonnes of higher grade pellets, a 4.3% increase compared to the same period last year.
21/04/09