Market's view on Ferrexpo
Published on April 2024
- There is a significant increase of 203% in total production compared to the previous quarter, amounting to over two million tonnes of iron ore pellets and concentrate.
- The company has achieved its best quarterly performance since the full-scale invasion of Ukraine, attributed to the hard work of its workforce under challenging conditions.
- Operations have resumed exports from Ukrainian ports, allowing the company to export larger volumes to Europe and resume sales to MENA and Asian customers.
- Concerns are raised about the potential risks from nearby military actions, with fears expressed that a destructive invading army could capture or destroy the plant, posing a high risk to shareholders.
- The company’s performance and export capabilities are praised, yet there is a surprise expressed regarding the current low share price, expected by some to be near 60p, suggesting possible large-scale selling pressure.
- There’s optimism about the stock’s potential for a price rise, mentioned by several stock watchers.