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Ferroglobe PLC (GSM)

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
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6.87+0.03 (+0.44%)
At close: 04:00PM EDT
7.79 +0.92 (+13.39%)
After hours: 07:59PM EDT
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  • J
    Joseph
    BOOOOM!!!! “Our profitablity is the highest in company history, our net debt is the lowest since the formation of Ferroglobe, and our daily operations are running seamlessly. This drastic improvement in our operational and financial results reinforce our current strategy and approach to driving change so that we can ensure that our company remains competitive for the long-term.”
  • J
    Joseph
    Color me impatient!! The market has been closed for over an hour on 8/15 so where is the report??? The last after hours trade was for less than 100 shares???
    Bullish
  • J
    Joseph
    "had negative cash flow from investing activities of $13.7 million" Can someone explain what this might be as it is a really big number. I hope more detail is provided tomorrow.
    Bullish
  • J
    Josef
    They keep on doing extremely well. And we all dinosaurs here deserve that.. I have been to Monaco this summer with my family...and it seems we will be soon back :-)
    Congratulations to all who are here since under $0.50...it seems we will see soon double digits again. Because this stock is heading to twenty now...might take some months...but such cash cow can go only up. Especially with its segment getting more and more hot...
  • J
    Joseph
    Only a few more days before ER. Hoping to see some good news about index pricing going into H2.
  • J
    Jose
    FerroGlobe is poised to announce at the next ER the resumption of a quarterly divi at .25 IF the market is indeed forward thinking, then we should see $10 by Friday
  • R
    Robin
    New Climate spending is positive for GSM. first, any acceleration of windmill installation is good for their alloys business (windmills need the alloys for high strength). Longer term if the U.S. builds more polysilicon plants then more high-value SiMe for GSM to sell into.
  • g
    ganderwing
    There it is, earnings on the 15th. Should be great! I can't believe we are sitting at 6 bucks right now especially after last earnings and even more to come now!
  • S
    StockGuru
    Can someone with really good high quality crystals ball predicted the price of this stock over the next 2 months?
  • J
    Jose
    EV batteries made from US-sourced materials is in the Inflation bill so any and all silicon anode-based batteries that get built could be a cstmr of FerroGlobe
  • R
    Robin
    ENVX is up 28% after announcing commercial milestones on its high SiMe content new advanced Li-On batteries.
  • P
    PriceCycles
    Seaport Research:
    We come away from GSM’s mid-July investor day encouraged regarding its prospects and revise our EBITDA estimates higher into 2Q22 earnings. In our view, management provided a clear path and deleveraging targets that will allow GSM to pivot toward shareholder returns. It increased targeted turnaround savings to $225MM from $180MM previously. Based on management’s throughcycle EBITDA margin target of 20%, we estimate this implies ~$452MM of EBITDA at the mid-point. Lastly, we continue to see value in GSM shares, raising our 2022E EBITDA to $809MM (+$39MM) while reiterating our Buy & $14 PT.

    For future years' earnings, our PT implies ~3-5x on what we would characterize as more normalized
    earnings.
  • M
    Maurice
    Yahoo says earning today. Is that a snafu?
  • g
    ganderwing
    So glad I backed up the truck a few weeks ago when GSM hit $4.80. I watch out for a huge second quarter, new Alabama plant should be in full production and contributing to revenue. As long as the recession scare doesn't shut down every steel plant in the world GSM will do just fine
  • J
    Josef
    I was owning RFP last week, the company was making cash...and it has fallen from $14 to $12 on Monday...just to announce buyout for $20.50 after market and the next day it has opened +65% , so I have sold, why to wait...
    GSM company has cash, they keep on making cash...and that is why they can afford to reduce the debt significantly...
    Plan has not changed, teens are coming...
  • R
    Robin
    GSM investors should read the latest from Enovix (ENVX) that delivered a 100% SiMe anode battery pack. then go to GSM Investor Day presentation and go to slide 63 on huge growth expected in battery related sales.
  • S
    StockGuru
    Can’t ask for more then this…reported earning is $1.14. I get to hit Josef on his head again?
    Bearish
  • S
    StockGuru
    When will this party…?
    Bullish
  • R
    Robin
    Looks like we had a bunch of short-term traders expecting a pop off Investor Day. Itis what it is. GSM will have a great Q2 - Things will take care of itself. Europe silicon metal prices down (as with most metals as steel production down - largely due to increased imports from China due to their drop in consumption from recent lockdowns). But even with lower 2H EPs they should still be very good - driven by strong U.S. markets. But lower europe prices will mean less W/C so GSM headed to be debt free around end of year whether profits stay up at Q2 or somewhat lower given W/C releases. Still looking for first dividend when they announce Q4.
  • J
    Joseph
    Yeah @Joseph I heard a lot of positives. Slide 104 indicates they want to establish a dividend if they can meet their debt reduction goals which was set at $200M gross. They will have reduced their debt by $79M by the end of July and Marco said he doesn’t “see any risks to their current plan” and that they are “crushing” their goals. Slide 106 shows this debt target and their EBITDA target of 20% which is way above the historical averages. Remember the stock was at $16 in 2018 for a lot less… Anyway, I’m also disappointed by the lack it SP movement but I don’t fault management or their positioning.
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