FXPO: H1/17 Results Better than Expected, on Track on Balance Sheet Deleverage
Ferrexpo Plc (FXPO LN) continues to deleverage its balance sheet; repaying US$163M in H1/17, as a result, reducing net debt to ~US$480M or <1x...
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FXPO: Deleverage Continues; H1/17 Production Inline; Iron Ore Prices Remain Stable
Ferrexpo Plc (FXPO LN) reported H1/17 production of 5.2Mt, 10% lower compared to the previous year but broadly in line with our expectation. The...
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FXPO: Geopolitical & Balance Sheet Risks Overblown; Deep Discount Provides Buying Opportunity
Initiating coverage of Ferrexpo Plc (FXPO LN) with a target of £2.10/sh. Markets are unduly concerned about the geopolitical risks and balance...
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