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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Secondary Recommendation

Ferrexpo - Iron ore miner to benefit from surging prices

January 2008

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • FXPO
  • Price:
  • 243p
Shares in FTSE-250 firm Ferrexpo (FT Sector: Not listed), whichoperates an integrated iron ore mining and pelletising operation in theUkraine, have been on an upward trend ever since they joined the fulllist at 140p back in June in a float which raised US$202m for thecompany. This partly reflects the fact that Ferrexpo is unleashing amajor expansion program at a time when prices for iron ore, the key rawmaterial for making steel, are rocketing thanks to China’s soaringinfrastructure requirements. Those price increases along with risingproduction mark Ferrexpo out as a fantastic growth stock in the making.Back in 2004 it generated a post tax profit of US$81m but latestforecasts suggest this will increase to US$176m this year and US$239m ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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