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Ferroglobe PLC (GSM)

NasdaqCM - NasdaqCM Real-time price. Currency in USD
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5.34+0.06 (+1.23%)
As of 12:32PM EDT. Market open.

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  • P
    PriceCycles
    Silicon prices, 98.5%, 5-5-3 at $7,600/t in the USA and near $4,000/t in Europe. Steady in the US still - Expect prices to come down there, but in China, prices pushing higher this week. What does this mean? Contract prices still very high for most of the 4th Quarter.
  • J
    Jose
    As I expected, GSM indeed got walked down to the $5's
  • J
    Jose
    sophie, how's IMPP going to get out of the 0.30's
  • B
    Bmac435
    Is it just me, or does anyone else believe someone is slowly unloading a large position @7.00… and when they’re done this is going to bounce? A large position holder with liquidity issues?
  • J
    Joseph
    Been really quiet on this board… hopefully everyone is hanging tight while the market dumps. Q3 earnings can’t come soon enough!
  • J
    Joseph
    Very nice bounce so far today given that the furnaces in Spain have been shut down due to high electricity costs.
  • S
    StockGuru
    long-term investors anticipate a median target price of $14.00,
  • R
    Robin
    GSM goes into typical new vaccuum. SiMe prices remain stable. No idea where FeSI and MnSi prices are but given the electricity crisis in both Europe and China I assume they are holding up well. Clearly reduced steel production in both China and Europe are making prices lower than Q2. I still see GSM making $0.50-$0.60 in Q3 or roughly $100-$120 mm. But with prices down even with volumes up modestly in Q3 there should be a release of non-cash working capital. GSM's free cash flow in Q3 should be around as good as Q2 with lower net earnings offset by release of non-cash working capital. I see GSM having only $50 mm of net debt by end of Q3. And if profits about the same in Q4 then net debt free in November by the time GSM announces Q3 results. Hopefully the company will at that time initiate a regular dividend, which I think should be $0.10/quarter. Possible they want to be more conversative and initiate a dividend once they reported beign net debt free so that may fall into Q4 release. But sure would be nice to see it with Q3 release. The major shareholder clearly looking forward to start of dividends so we know the biggest shareholder also too wants what we little shareholders want.
  • J
    Jose
    I’ll say it again, this will get walked down to the $5s
  • J
    Joseph
    "had negative cash flow from investing activities of $13.7 million" Can someone explain what this might be as it is a really big number. I hope more detail is provided tomorrow.
  • J
    Joseph
    I just listened to the Q2 report for the second time. I guess my concentration is getting poor as the first time I missed the fact that management is looking to buy quartz reserves in North America in the form of deposits or in the form of an existing mine. They indicated they have reserves in Europe and South Africa but need more in North America.

    It also sounds like they are likely to propose reopening the South Africa plant to the board of directors by the end of the year. The joke was they did not want to ruin the Q2 surprise announcement. But then it was clarified that it would still be a year end proposal. Sounds like they want to make sure the market is holding up before they commit to spending money. This kind of think ahead planning but don't pull the trigger until you are confident that it will be a positive is the type of management we need.

    The greatest affirmation that management can make on the long-term success of the company is to continue to plan ahead but don't make any large monetary expenditures that are not profitable.
  • S
    Seth
    Very, very, very bullish on this stock.
  • J
    Josef
    They keep on doing extremely well. And we all dinosaurs here deserve that.. I have been to Monaco this summer with my family...and it seems we will be soon back :-)
    Congratulations to all who are here since under $0.50...it seems we will see soon double digits again. Because this stock is heading to twenty now...might take some months...but such cash cow can go only up. Especially with its segment getting more and more hot...
  • J
    Joseph
    BOOOOM!!!! “Our profitablity is the highest in company history, our net debt is the lowest since the formation of Ferroglobe, and our daily operations are running seamlessly. This drastic improvement in our operational and financial results reinforce our current strategy and approach to driving change so that we can ensure that our company remains competitive for the long-term.”
  • J
    Joseph
    Color me impatient!! The market has been closed for over an hour on 8/15 so where is the report??? The last after hours trade was for less than 100 shares???
  • J
    Josef
    Michaeli points to several catalysts for GM's stock headed into 2023 following a meeting with the company's executive team. They include:

    1. Strong auto demand continuing

    (Based on the applications, the global silicon metal market has been categorized into aluminum alloys, silicone, and semiconductors. Aluminum alloys are critical in the fields of both the automotive and construction industries)

    Everything points out 2023 might be for Ferroglobe even better :-)
  • J
    Joseph
    Only a few more days before ER. Hoping to see some good news about index pricing going into H2.
  • J
    Josef
    Jose, I believe we are closer to bottom than the situation suggests... I mean they say recession. But there is also huge inflation..
    So if I use logic ( bad word for the market) I should better have my money in the assets which create money than to have them on the sideways on the account..dead money which are losing every day its value..

    So in some moment the market will realize that and we will see the same rally like after first covid shock..
    Cash is not a king at the moment. Cash is fearsome
  • J
    Jose
    the greatest affirmation that mgmt can make on the near-term success of the company is to reinstate the quarterly dividend even a modest one....I believe that's coming at or just before their Q3 ER