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Ferrexpo PLC (FXPO.L)

FXPO.L on London Stock Exchange

187.65GBp
14 Dec 2018
Change (% chg)

0.35 (+0.19%)
Prev Close
187.30
Open
186.00
Day's High
194.30
Day's Low
186.00
Volume
2,345,491
Avg. Vol
2,811,182
52-wk High
321.50
52-wk Low
138.00

Latest Key Developments (Source: Significant Developments)

Ferrexpo Plc Declares Special Interim Dividend Of 6.6 US Cents
Thursday, 6 Dec 2018 

Dec 6 (Reuters) - Ferrexpo PLC ::FERREXPO HAS CONTINUED TO TRADE AS EXPECTED IN SECOND HALF OF 2018.PELLET PREMIUMS HAVE REMAINED AT HIGH LEVELS OF 1H 2018.GROUP BELIEVES SEABORNE PELLET DEMAND WILL BE STRONG IN 2019 WHILE SUPPLY IS EXPECTED TO REMAIN CONSTRAINED.HAS DECLARED A SPECIAL INTERIM DIVIDEND OF 6.6 US CENTS OR US$40 MILLION.  Full Article

Ferrexpo Says Q3 Pellet Production Up 6 Pct From Q2
Tuesday, 9 Oct 2018 

Oct 9 (Reuters) - Ferrexpo PLC ::Q3 2018 TOTAL PELLET PRODUCTION UP 6% COMPARED TO Q2 2018.HIGHER Q3 PRODUCTION REFLECTS SUCCESSFUL COMPLETION OF PELLET LINE REFURBISHMENT IN 2Q 2018.9M 2018 TOTAL PELLET PRODUCTION UP 1.3% COMPARED TO 9M 2017.  Full Article

Ferrexpo Increases Its Credit Facility From $195 Mln To $400 Mln
Thursday, 9 Aug 2018 

Aug 9 (Reuters) - Ferrexpo Plc ::HAS INCREASED ITS 2017 PRE-EXPORT FINANCE CREDIT FACILITY FROM US$195 MILLION TO US$400 MILLION.EXTENDED TENOR OF PRE-EXPORT FINANCE CREDIT FACILITY FROM THREE TO FOUR YEARS.CREDIT FACILITY IS A REVOLVING COMMITTED FACILITY AND HAS A ONE YEAR GRACE PERIOD BEFORE QUARTERLY AMORTISATIONS COMMENCE.COST OF FACILITY REMAINS 450 BASIS POINTS ABOVE US LIBOR.  Full Article

Ferrexpo H1 Revenue Up 4.4 Pct To $617 Mln
Thursday, 2 Aug 2018 

Aug 2 (Reuters) - Ferrexpo PLC ::H1 REVENUE ROSE 4.4 PERCENT TO 617 MILLION USD.INTERIM DIVIDEND 0.033 USDPER SHARE.HY REVENUE $617 MILLION VERSUS $591 MILLION.SAYS HY TOTAL PELLET PRODUCTION 5,096KT VERSUS 5,160KT.HY PROFIT FOR PERIOD AFTER SPECIAL ITEMS $152 MILLION VERSUS $216 MILLION.SAYS HY DILUTED EPS AFTER SPECIAL ITEMS 25.79 CENTS."DEMAND FOR HIGH QUALITY IRON ORE, ESPECIALLY PELLET, IS EXPECTED TO REMAIN STRONG THROUGH 2H 2018 AND 2019".FERREXPO - GROUP'S PRODUCTION RATE IS EXPECTED TO INCREASE IN 2H 2018, WITH IMPROVEMENT EXPECTED ONCE FINAL PELLET LINE HAS BEEN REFURBISHED IN 2H 2019.FERREXPO - HAS COMPLETED INVESTMENT TO EXPAND PELLET FEED PRODUCTION BY 2020, WHICH WILL ALLOW TO INCREASE PRODUCTION BY ABOUT 1.5 MILLION TONNES TO 12 MILLION TONNES P.A.  Full Article

Ferrexpo Says H1 Pellet Production Of 5,096 Thousand Tonnes
Tuesday, 3 Jul 2018 

July 3 (Reuters) - Ferrexpo PLC ::PRODUCTION FOR 2Q 2018.1H 2018 PELLET PRODUCTION OF 5,096 THOUSAND TONNES (1H 2017: 5,160 THOUSAND TONNES).LOWER PELLET PRODUCTION IN 1H 2018 VERSUS. 1H 2017 REFLECTED A PLANNED 65 DAY PELLET LINE REFURBISHMENT.  Full Article

Ferrexpo Says 2017 Pellet Production fell to 10.4 mln tonnes
Tuesday, 9 Jan 2018 

Jan 9 (Reuters) - Ferrexpo Plc ::‍TOTAL 2017 PELLET PRODUCTION 10.4 MT COMPARED TO 11.2 MT IN 2016 REFLECTING PLANNED PELLETISER MAINTENANCE​.‍4Q 2017 PRODUCTION INCREASED 12% COMPARED TO 3Q 2017​.‍2017 SALES VOLUMES APPROXIMATELY 10.4 MT COMPARED TO 11.7 MT IN 2016 DUE TO PRODUCTION LEVELS​.FULL YEAR AVERAGE 2017 CASH COST OF PRODUCTION WAS APPROXIMATELY US$33 PER TONNE COMPARED TO US$29 PER TONNE IN 2016.‍GROUP'S AVERAGE RECEIVED PRICE IN 2017 INCREASED SIGNIFICANTLY COMPARED TO 2016​.AVAILABLE LIQUIDITY AS OF 31 DECEMBER 2017 WAS CIRCA US$310M COMPARED TO US$145M AS OF 31 DECEMBER 2016.‍NET DEBT AS OF 31 DEC 2017 WAS APPROXIMATELY US$400M COMPARED TO US$589M AS OF 31 DECEMBER 2016.Q4 TOTAL PELLETS PRODUCED OF 2.79 MILLION TONNES VERSUS. 2.49 MILLION TONNES IN Q3.  Full Article

Ferrexpo ‍Announce Special Dividend Of 3.3 US Cents Per Share​
Thursday, 7 Dec 2017 

Dec 7 (Reuters) - Ferrexpo Plc ::‍ANNOUNCE A SPECIAL DIVIDEND OF 3.3 US CENTS PER SHARE​.WILL TARGET SPECIAL DIVIDENDS OF ABOUT $40 MILLION PER FY TO BE PAID AT AN APPROPRIATE TIME IN ITS REPORTING CYCLE​.‍CONTINUED TO TRADE "STRONGLY" SINCE IT ANNOUNCED HY RESULTS, ITS CASH FLOWS HAVE FURTHER REDUCED NET DEBT AND FUNDED CAPITAL EXPENDITURE​.  Full Article

Ferrexpo announces secured three year revolving credit facility of $195 mln
Friday, 17 Nov 2017 

Nov 17 (Reuters) - FERREXPO PLC ::‍ANNOUNCE THAT IT HAS SIGNED A NEW SECURED THREE YEAR REVOLVING CREDIT FACILITY OF US$195 MILLION​.‍COMMITTED CREDIT FACILITY WAS ARRANGED BY BNP PARIBAS AND INCLUDES A SYNDICATE OF SIX INTERNATIONAL LENDERS​.‍CREDIT FACILITY WILL AMORTIZE OVER EIGHT QUARTERS WITH FINAL REPAYMENT ON 31 DECEMBER 2020 AND WILL BE USED FOR GENERAL CORPORATE PURPOSES​.  Full Article

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Ferrexpo PLC News

Ex-divs to take 1 point off FTSE 100 on Dec 13

LONDON, Dec 10 The following FTSE 100 companies will go ex-dividend on Thursday, after which investors will no longer qualify for the latest dividend payout. According to Reuters calculations at current market prices, the effect of the resulting adjustment to prices by market-makers would take 1 point off the index. COMPANY (RIC) DIVIDEND STOCK OPTION IMPACT (pence) Asso

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