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- MarketLine Department
Black Iron Inc - Company Profile and SWOT Analysis
Summary Black Iron Inc - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Black Iron Inc (Black Iron) is an iron ore exploration company. It owns and operates single iron ore project Shymanivske project in Krivyi Rih iron basin (KrivBass) in central Ukraine. KrivBass is one of...
Moody's affirms Ferrexpo's Caa3 CFR; outlook negative
Moody's Ratings (Moody's) affirmed Ferrexpo plc's (Ferrexpo or the company) Caa3 long term corporate family rating (CFR) and Caa3-PD probability of default rating (PDR). The outlook remains negative. RATINGS RATIONALE The affirmation of Ferrexpo's Caa3 CFR reflects the company's exposure to gov...
- Liberum Research Team
- Liberum Research Team
- Ben Davis
- Tom Price
- Yuen Low
LIBERUM: Restocking Indicator stays on hold - Mills lack confidence on...
The Restocking Indicator stays on HOLD, and so matches up with our short-term expectation that iron ore prices will be range bound for the next couple of months. There has been an improvement in domestic demand, but no post-lockdown ‘fireworks’ in play. Certainly not enough to get China’s steel mills, or us, excited on the short-term steel/ore outlook. Worth keeping an eye on rising pollution levels, for this could prompt policy action and lift lump/pellet/high grade premiums – bullish for AAL/F...
- Liberum Research Team
- Liberum Research Team
- Ben Davis
- Tom Price
- Yuen Low
LIBERUM: Ferrexpo* - FY22: EBITDA forecasts beat; cashflow positive po...
Ferrexpo reported EBITDA of $765m versus consensus of $730m and Liberum estimate $719m. Given the continued uncertainty on power supply and export routes, we were not expecting dividend to resume. Capex was $161m and we expect to remain at low run-rate until exports lift. The previously reported net cash position of $106m leaves a comfortable buffer against further disruption.
Moody's downgrades Ferrexpo's CFR to Caa3 following downgrade of sover...
Moody's Investors Service ("Moody's") downgraded Ferrexpo plc's (Ferrexpo or the company) corporate family rating (CFR) to Caa3 from Caa2 and probability of default rating to Caa3-PD from Caa2-PD. The outlook on the ratings remains negative. The rating action follows Moody's decision on 10 Februar...
- Ben Davis
- Tom Price
- Yuen Low
LIBERUM: Restocking Indicator down to SELL - Inventories grow fastest ...
The sharp market bounce in January would suggest that a strong fundamental lift is coming. Problem is, China’s steel mills haven’t seen it yet. Domestic demand has slightly improved, typical for this time of year, but inventories are rising at their fastest rate since Feb 2020. Possible timing issue for the Restocking Indicator, given the earlier Chinese New Year, but the signals move from Hold to SELL anyway. So, we tell investors to be cautious chasing this rally.
Ferrexpo: 1 director
A director at Ferrexpo bought 109,329 shares at 166p and the significance rating of the trade was 55/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing ...
FERREXPO suffers a double requalification, which weighs heavily on its...
The independent financial analyst theScreener just downgraded the general evaluation of FERREXPO (GB), active in the Steel industry. As regards its fundamental valuation, the title loses a star(s) and now shows 1 out of 4 stars. Its market behaviour is also negatively reassessed and may be considered as risky. theScreener believes that this double requalification keeps the title under pressure and justifies an overall rating downgrade to Slightly Negative. As of the analysis date February 25, 20...
- Research Team
WOOD Flash – Coverage under review (FXPO LN, RICHT HB, KGH PW, KRKG SV...
We are putting our coverage of the stocks listed below under review, with immediate effect. We caution against using the forecasts, ratings and price target guidance issued previously on these stocks. Ferrexpo Gedeon Richter KGHM Krka JSW
Moody's announces completion of a periodic review of ratings of Ferrex...
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Ferrexpo plc. Global Credit Research- 14 Sep 2021. London, 14 September 2021-- Moody's Investors Service has completed a periodic review of the ratings of Ferrexpo plc and other ratings that are associated with the same analytical unit.
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