Re: I have about 136ish as support Thank god for SDX!
Re: I have about 136ish as support Thanks, onedb. But you'll agree that a drop of more than 12% in one day is not reassuring.What's the reason?Ooky
I have about 136ish as support and target of the break down we have seen in the Ascending TriangleThat 175/176 was a strong resistance level. Will be interesting to see support as frankly speaking current iron ore prices are still higher than the H2 2016 average. So this drop is to me another chance to buy the fundamentals on the cheap. Sub 5.5 Price Earnings now . Food for thought . No advice from me just opinion
Re: Moody's upgrade was under played Down again today. I am still in overall profit but losing patience. Yet I fear losing out on another rise in sp. classic fear versus greed?
Re: Moody's upgrade was under played Broke out of the ascending triangle to the low . Not the usual breakout . The upper breakout was at 175 the lower along the rising trend line . It broke today . Pretty clear . Need to look at support levels now. Market is being harsh in my view as seen in the P/E ratio. We saw an inevitable iron ore retrace yet even at $55/60 Ferrexpo does well (and we are higher at the moment) testament h2 of 2016 which had a strong cash build .Some are short sighted in my view .
Re: Moody's upgrade was under played I don't see much sign of a breakout. Down almost 5% today.
Moody's upgrade was under played Yet it's a great indicator of improving cash flows here . Still on trend here .
Intraday swings in sp As others have noted, the sp of fxpo can vary widely within a single day. Often sharply down in the morning yet up again by close of business.The conclusions I draw:- if you are buying, do so when markets open;- if you are selling (and I am not), sell in the afternoon;- must be a great share for a day trader.Just mho, dyor.
looking good for a retest of the recent highs . Beating those will set the road for the 200p levels. Production update early April , should show a lower production but more skewed towards more premium production . Iron Ore in good health . I remain long and always add on these dips. Its been quite a fantastic chart must say
Re: Results Fantastic results considering the average iron ore price of just $58 and cost of production below $30 Gives a profit of about $30 per ton. Now consider what profit we are making at $88 per ton giver a profit of $60 per ton Its like printing money. I can see these shares reach £3 this year and £4 in 2018 If the iron ore price continues to go up these figures will go though the roof Fill yore boots
Re: Results yup DB sees 280p ! Roll of broker forecasts in the following days is what I expect I am doing 'the maths' on this ! A busy day so farIndeed Divi return plus special divi are a giant bonus At this rate a 2018 in the 400s is not so out of the question , looking at forward earnings per share am surprising we are still at 170.9 as I type . We are going to see FXPO go much higher and the debt reduction is substantial . Good news today
Re: Results Roll back to Dec 15 when the SP was about 14p and these are stellar results. I've had a few companies report good results recently and subsequently watched the SP plummet by a few %.As a long term holder I'm hoping DB are on the money and we're heading above £2 soon.Glad I held during those dark December days.
Results Look pretty good to me and a return to Dividend - one payable in April and a second at the end of MaySo today's SP drop can only be a seller in the background taking profits or similar
Deutsche raised target to 280p Today's performance is somewhat weird . We have seen this before many times. Results out tomorrow yet we get a big down day prior to results . Very weird .
Long here chaps I took 146.5p on the bounce off the very last diagonal trend line. Am getting some TA views from the old Lambrini, which basis her TA to a self made system of diagonals I still see my objective price as 230p 50MA still on the uptrend and price regained that MA. bullish in my view Good luck