Ferrexpo is an iron ore pellet producer. Co. produces, develops and markets its product for sale to the metallurgical industry. Co. operate two mines and a processing plant near Kremenchug in Ukraine, and an interest in a port in Odessa. Co. also owns logistics assets in Austria which operate a fleet of vessels operating on the Rhine and Danube waterways and an ocean-going vessel. Co.'s operations are integrated from iron ore mining through to iron ore concentrate and pellet production and subsequent logistics. Co.'s mineral properties lie within the Kremenchug Magnetic Anomaly and are being extracted at the Gorishne-Plavninskoye and Lavrikovskoye and Yeristovskoye deposits.
  • TickerFXPO
  • ISINGB00B1XH2C03
  • ExchangeLondon Stock Exchange
  • SectorIndustrial Metals & Mining
  • CountryUnited Kingdom

Analysts

Philip Morrish

Value Indicator - UK Basic Resources 24062019

Currently '(TM)Value Indicator - UK Basic Resources' is a value anlaysis of the Basic Resources super sector of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prcies.

Philip Morrish

Value Indicator - UK Main Market 240652019

Currently '(TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telecoms and Utilities sectors of quted companies on the London Stock Exchange's main market that provides the reader with indicative long-term target prices.

Philip Morrish

Value Indicator - UK Basic Resources 17062019

Currently '(TM)Value Indicator - UK Basic Resources' is a value analysis of the Basic Resources super sector of quoted companies on the London Stock Exchange's main market that provides the reader with indiciative longer-term tagret prices.

Philip Morrish

Value Indicator - UK Main Market 17062019

Currently (TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telecoms and Utilities sectors of the London Stock Exchange's main market hat provdes the reader with longer-term indicative target prices.

Philip Morrish

Value Indicator - UK Basic Resources 10062019

currently '(TM)Value Indicator - UK BAsic Resources' is a value analysis of the Basic Resources super sector of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

Kiti Pantskhava

Ukrainian corporates: Keeping pace with the sovereign

We initiate coverage on Ukrainian corporate bonds with Hold recommendations across the board as sovereign risk weighs on the issuers.

Research Team

The Rear-View Mirror – EME markets: Another strong month for ASE index, up 7.4% mom

EME Equity Market – May 2019 Market performance – ASE index the best performer, up 7.4% mom in May. In May, the MSCI EME improved by 0.9% mom. The ASE index rose by 7.4% in May, following a mom rise of 7.2% in April; while Moscow’s index gained 4.1%; and Bucharest’s BET index was up 0.6% mom. On the other hand, the worst performer was Turkey’s ISE30, down 4.8% mom; while the WIG20 index saw mom losses of 4.1%; the BUX index fell 3.8% in May; and Prague’s PX index dropped 2.3% mom.

Artem Bagdasaryan ...
  • Kirill Chuyko
  • Oleg Petropavlovskiy

BCS MM&F Strategy: Isolating the Best

We upgraded our S-T commodity price forecasts for MM&Fs, but our L-T view for each segment remains unchanged – we favor only the best.  PLZL remains our Top Pick, now also positive on diamonds, ALRS  RUAL added to Most Preferred – strong upside, further rerating expected  Other Buys: TMK becoming a dividend story  Holds: SVST, MMK, POLY, PHOR  Sells: Steel, MNOD, HGM, POG and AKRN  M2M Valuations: Confirm our recommendations Key Changes: Upgrades on all fronts, L-T outlooks unchanged We upgraded our commodities outlook and financial forecast for covered M&M companies. The major change ...

BCS Equity Daily: Economics, Transneft, Ferrexpo, Sberbank, Bank St Petersburg, Lenta, Obuv Rossii

Growth optimism, $70+ Brent v hard Brexit risk Ahead: Feature drivers – Brent and growth optimism. The former has broken above $70/bbl on OPEC’s ongoing supply cuts, Libya turmoil, US sanctions against Iran and Venezuela, and strong US jobs data. The latter stems from both the jobs beat and optimism the US and China will strike a trade deal. Enthusiasm, nevertheless, will be tempered ahead of the ECB and Brexit headlines:  ECB feeds bulls, bears alike: Markets will also be swayed – pro and con – by the ECB announcement (Wednesday), which will likely reiterate a looser-for-longer policy (pro) ...

Research Team

The Rear-View Mirror – EME markets: ASE rallied in February

EME Equity Market – February 2019 Market performance – ASE Index up 11.5% mom in February. The ASE index outperformed its rivals in February, rising by 11.5%, following a mom gain of 3.5% in January. Bucharest was the second-best performer, up 10.2% in February, while Prague’s PX recorded a mom gain of 3.2%. The MSCI EME was in correction mode in February, losing 1.6% mom, following January’s double-digit growth of 11.3% mom; while the MOEX and BUX both lost 1.3% mom in February; and the Turkish ISE30 was down 2.1% mom. Last but not least, the worst performer was the WIG20, which recorded a lo...

Kirill Chuyko ...
  • Oleg Petropavlovskiy

BCS M&M Strategy: Steel -ive; Gold, Diamonds, pipes +ive

MM&F continue to face headwinds, which will both test most constituent names and buoy the precious metals (PLZL, HGM), ALRS and TMK. - Key Changes: Base metals forecast worsened, diamonds to recover in ‘19 - Buys: PLZL, HGM, TMK are still favorites, Alrosa added - Holds: SVST declined enough, Polymetal grew enough - Sells: Norilsk added to the list on robust, unfair outperformance - M2M Valuation: Fully supportive of our L-T calls Key Changes: Negative for all, save for gold Our main changes are in the base metals and fertilizer sectors. We cut our estimates for the former in 2018 and beyo...

Research Team

Focus: mBank – small miss on 3Q18 bottom line due to high admin costs and one-offs in other income; Lenta’s 3Q18 trading update – soft operationally, but GDR buyback supports our positive message

HEADLINES: • mBank: small miss on 3Q18 bottom line due to high admin costs and one-offs in other income • Lenta: 3Q18 trading update - soft operationally, but GDR buyback supports our positive message POSITIVE • Nostrum Oil & Gas: releases 3Q18 operational update NEGATIVE • Lotos: 3Q18 review - results generally in line with preliminary numbers NEUTRAL • Dom Development: 3Q18 - results in line; doing well operationally; shares look cheap NEUTRAL • Emlak Konut: 3Q18 review - predictably weak NEUTRAL • Forte: 3Q18 preliminary results far below market consensus NEGATIVE • Ferrexpo: analyst dinn...

Philip Morrish

Value Indicator - UK Basic Resources 24062019

Currently '(TM)Value Indicator - UK Basic Resources' is a value anlaysis of the Basic Resources super sector of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prcies.

Philip Morrish

Value Indicator - UK Main Market 240652019

Currently '(TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telecoms and Utilities sectors of quted companies on the London Stock Exchange's main market that provides the reader with indicative long-term target prices.

Philip Morrish

Value Indicator - UK Basic Resources 17062019

Currently '(TM)Value Indicator - UK Basic Resources' is a value analysis of the Basic Resources super sector of quoted companies on the London Stock Exchange's main market that provides the reader with indiciative longer-term tagret prices.

Philip Morrish

Value Indicator - UK Main Market 17062019

Currently (TM)Value Indicator - UK main market' is a value analysis of the Basic Resources, Construction & Materials, Telecoms and Utilities sectors of the London Stock Exchange's main market hat provdes the reader with longer-term indicative target prices.

Philip Morrish

Value Indicator - UK Basic Resources 10062019

currently '(TM)Value Indicator - UK BAsic Resources' is a value analysis of the Basic Resources super sector of quoted companies on the London Stock Exchange's main market that provides the reader with indicative longer-term target prices.

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