|Bid||166.90 x 0|
|Ask||167.20 x 0|
|Day's range||166.20 - 177.00|
|52-week range||94.88 - 273.70|
|Beta (5Y monthly)||1.21|
|PE ratio (TTM)||2.45|
|Earnings date||05 Aug 2020|
|Forward dividend & yield||0.05 (3.01%)|
|Ex-dividend date||04 Jun 2020|
|1y target est||2.99|
Given that widespread uncertainty in the stock market is likely to endure for the rest of 2020 and beyond, it pays to know that you're investing in high-qualit...
Shares in Ferrexpo (LON:FXPO) are currently trading at 183.2935, but a key question for investors is how much the current economic uncertainty will affect its...
Shares in Ferrexpo (LON:FXPO) are currently trading at 186.1 but a key question for investors is how the economic uncertainty caused by Covid-19 will affect th...
Contrarian value investors are always on the look-out for shares that the market has overlooked. In times of economic uncertainty - when stock prices become er...
Shareholders of Ferrexpo Plc (LON:FXPO) will be pleased this week, given that the stock price is up 19% to UK£1.27...
You can share your thoughts with Thyagaraju Adinarayan (firstname.lastname@example.org), Joice Alves (email@example.com) and Julien Ponthus (firstname.lastname@example.org) in London. A flurry of companies have suspended, scrapped or put under review their dividend policy. The list is long and includes notably Inditex, Micro Focus, Tarkett, Ferrexpo, Air Partner, Wintershall Dea, Pub operator Marston, Sonsensus Asset Management, Firefly and the list goes on.
It's been a soft week for Ferrexpo Plc (LON:FXPO) shares, which are down 17%. But that doesn't change the fact that...
Ferrexpo said it believes the temporary restriction is related to former Chief Executive Officer Kostyantin Zhevago and the Bank Finance and Credit business he owned until 2015. The Ukrainian mogul had stepped down as Ferrexpo's top boss in October on matters related to the bankrupt lender. Reuters was unable to reach Zhevago for comment, while Ferrexpo declined to comment beyond its statement.
Ukraine's state prosecutor office said on Tuesday that Kostyantin Zhevago, the former chief executive of London-listed iron pellet producer Ferrexpo , had been put on an international wanted list. Prosecutors said in a statement they wanted to detain a former lawmaker and former beneficiary owner of Finance & Credit Bank. Tuesday's statement said the former beneficiary owner of Finance & Credit Bank was wanted on suspicion of embezzlement and money-laundering in connection with the disappearance of 2.5 billion hryvnia ($104 million) from the now bankrupt lender.
Today we'll look at Ferrexpo Plc (LON:FXPO) and reflect on its potential as an investment. Specifically, we're going...
The Ukraine-focused company said Zhevago would hand over the reins to finance chief Chris Mawe to focus on issues relating to one of the businesses he owned until 2015. Ferrexpo did not elaborate and declined further comment, but a person familiar with the matter told Reuters the business in question was Finance & Credit Bank (F&C), which Zhevago owned until it went bankrupt in 2015. "This temporary change of leadership is necessary and in the interests of all shareholders to enable Mr Zhevago to focus on on-going matters in Ukraine without impacting the company's operations," Chairman Steve Lucas said in a statement, adding that Zhevago continued to be backed by the board.
Ferrexpo Chief Executive Kostyantin Zhevago is temporarily stepping down to resolve matters related to one of his former businesses in Ukraine, the London-listed iron pellet producer said on Monday. The Ukraine-focused company said Zhevago would hand over the reins to finance chief Chris Mawe to focus on issues relating to one of the businesses he owned until 2015. Ferrexpo did not elaborate and declined further comment, but a person familiar with the matter told Reuters the business in question was Finance & Credit Bank (F&C), which Zhevago owned until it went bankrupt in 2015.
If you own shares in Ferrexpo Plc (LON:FXPO) then it's worth thinking about how it contributes to the volatility of...
Ferrexpo mines iron ore for the steel industry. Photograph: STR/AFP/Getty ImagesThe London-listed mining company Ferrexpo has found that money donated by the company to a Ukrainian charity may have been “misappropriated” – but said that none of its directors or employees were implicated.The company, which mines iron ore in Ukraine for the steel industry, has been embroiled in scandal for months after its previous auditors, Deloitte, demanded an investigation into $110m (£90m) in payments to Blooming Land, a Ukrainian healthcare charity.Ferrexpo paid Blooming Land $24m in 2017 and $9.5m in 2018. In total since 2013 the company has paid $110m to the charity, which was meant to be used to support diabetes prevention, eyesight care and support for the elderly.Ferrexpo has insisted that the charity is not a related party to Kostyantin Zhevago, its billionaire chief executive and owner of 50.45% of the company’s shares.In a statement to the stock market on Friday, Ferrexpo said its review, including an investigation by the accountants BDO, had been unable to explain “a number of discrepancies” in the charity’s explanation of how it used donations. The “independent review committee” (IRC) that carried out the investigation comprised Ferrexpo’s non-executive directors, led by Steve Lucas, the former finance director of National Grid.Ferrexpo’s statement said: “The IRC has been unable to conclude as to the ultimate use of all of the funds by the charity, a third party. Indications therefore remain that some of the funds could have been misappropriated.”Deloitte in April issued a qualified opinion on the company’s twice-delayed full-year accounts over possible links between Zhevago and Blooming Land. It resigned two days later, saying that it could not carry on after Ferrexpo had initially rebuffed calls to launch an investigation into the discrepancies it had found.The review committee said it was “satisfied that none of Ferrexpo’s directors, management or employees have had any involvement in any possible misappropriation of funds” – and added that the charity was not a related party to Zhevago under the UK’s listing rules because he did not have control over the charity’s operations.Zhevago, who splits his time between Ferrexpo’s Swiss headquarters and Ukraine, is an influential figure in the country, where his company employs more than 10,000 people, although last month he lost his seat in Ukraine’s national legislature.The scandal has hit Zhevago’s wealth, with Ferrexpo’s share price about a third lower than its April peak, before Deloitte’s resignation. Zhevago said last month that Ferrexpo shares had suffered because “representatives from the audit committee made absurd statements saying nonsense”, according to Bloomberg.Ferrexpo declined to say how much of the money may have been misappropriated. It is understood that there is evidence that some of the money was used on heathcare programmes.The board is considering its options for the next steps with regards to the money that is unaccounted for. It is understood this could include attempting to recover the donations from the charity as well as the $6.4m (£5.3m) costs of carrying out the investigation.Ferrexpo still faces investigations by Ukrainian tax authorities over the charity. There has been no contact from British regulators.
Ferrexpo said an independent review of funds it donated to a Ukrainian charity had concluded some of the money could have been misappropriated but cleared the iron-ore pellet maker's directors of any involvement. The Blooming Land charity, which coordinated Ferrexpo's Corporate Social Responsibility (CSR) programme, came under scrutiny in 2018 after auditors found holes in its statements showing how it uses the funds it receives.
Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
BEIJING/SINGAPORE (Reuters) - China's demand for iron ore pellets and high-quality ore is expected to accelerate in 2020 as a result of Beijing's push to shift dozens of steel mills to coastal regions in its battle to stop smog blanketing industrial cities. Relocating plants to the coast, with stricter environmental requirements, means up to 20% of China's more-than-a-billion-tonne annual ore demand will shift from lower- to higher-grade ores within coming years, according to industry sources and a Reuters analysis of official import and production statistics.
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...
Iron ore pellet producer Ferrexpo has doubled its interim dividend payout after topping analysts' expectations for first half core earnings on the back of a global rise in the price of the pellets it churns out for the steel industry. The Switzerland-based company, the world's third largest maker of the small balls of iron ore used in the production of steel, declared an interim dividend of 6.6 cents, up from 3.3 cents a year earlier. "During the period we continued to benefit from strong pricing for our high-grade iron ore pellets, which helped deliver healthy cash flows," Non-Executive Chairman Steve Lucas said in a statement on Friday.