from 450p to 205p in just under three years, brilliant! But the recovery is good and ongoing!!!!
6 May '15
It is getting closer to my updated 228p top-slicing target. But it also has a history of retracing the following day on large climbs from the day before.
6 May '15
from 60p to 205p in just over a year, not bad .
2 Apr '15
Evraz: steel yourself: Steel prices may have dropped in the past year because of worries about overcapacity in China, the world’s largest producer. Yet shareholders in Russian steelmakers could not be happier. Companies such as U.K.-listed Evraz have performed strongly over the past year, up 160%. Compare that to the global sector, up just eight%. All good news. Yet the company has disappointed on dividends for years given persistent losses at the after tax level. The shares yield under two%. On Wednesday it announced its third consecutive year of losses ($1.3 billion), this time because of foreign exchange adjustments and write-downs on its balance sheet. These adjustments have not damaged cash flow, and leverage has fallen. Evraz’s free cash flow has remained positive at about $1 billion per year since 2012 as the company has cut its investments. That cash flow has primarily gone to paying down debt, necessary to get its leverage down. Net debt has been cut from 4.5 times ebitda in 2012 to 2.5 times last year. It had enough cash flow left over this time around to plan a buyback worth 8% of its outstanding shares, albeit on an already-limited free float of just 21%. The market welcomed its generosity, marking up the shares by five%. Evraz even hinted that a special dividend may follow later if cash flow holds up.
1 Apr '15
RE: Can some explain please
depends what you paid for the shares if your in low great way of selling without charges
1 Apr '15
Looks good for the long term
With the company valuing their shares at $3.10 or £2.10 at today's prices it is telling me that I do not need to engage in this promotion. It may well serve very large investors who can sell and buy back probably at a profit or take the money and run. 8% of my holding will not make much of a dent in anyone's pocket. I see this stock reaching 2.5 before the year is out so I am saying thank you but no thank you I will take the higher sale value later in the year. Good luck to all, hope my decision is the correct one.
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