The rating of this stock, like so many others in Eastern Europe, reveals the inadequacy of the otherwise superb Stockopedia system when dealing with companies in unstable or corrupt environments. Ferrexpo has been rated highly for months and is so, even today, although it is in a country under threat for some time from Russia, a short distance from its mines, is in one of the most corrupt countries in Europe, and is owned by an individual who is, to put it kindly, weighed down by a checkered past. The plunge in the stock's value over the last months served as a barometer of the evolution of the crisis besetting the Ukraine. The 6 percent decline at this writing is simply a confirmation that there is little to be expected from this company if the Russians pursue their initial penetration. All of this should have been factored into the rating of Ferrexpo if Stockopedia included a notion of political risk in its evaluations. Something that any international bank does systematically when considering credit risk.
Any stock can have political risk my friend even utility companies in the UK when it came to the 2019 election if Corbin had got in their would have been a big risk of capital losses for those holding them
On average people don’t like to think about risk induced by political decisions just go back to any discussions with the mention of covid
You are right in that one of the biggest downsides will come from political instability or a political ideology that can wipe out a share or an entire sector
But good look finding any firm with a consistent record of assessing those risks
