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Added few more at 358.....NOT 258 as previous post says! Holding well in falling markets.
dyor
Added few more at 258. Holding well in falling markets.
dyor
EVR has collapsed -50% in a year of soaring +20% Dow! It doesn't get any more bearish than that. Any slide in the Dow will spell disaster for the EVR shareprice in the coming ~4 months of no-dividend payments.
keep shorting if you think 50-100p is real value for this company.
I have bought some and plan to hold until new year for target price of atleast 435.
As predicted, this has smashed through the 375p support-line. Now ready to test the 350p level. Any close below that level will signal the next push into the 2s.
With the ongoing steel downcycle, iron-ore downcycle, international trade wars, Brexit chaos, GBP yo-yoing all over the place, unpredictable Russia, upcoming global recession, recent weak company results, massive extra capex spending by management, no dividend for months, and a shareprice that has already collapsed -50% in just a few weeks, there are so many red lights flashing here.
The charts are now pointing to 50-100p as the bottom. The bear-trend is very strong here.
Has anyone heard anything on future dividend payments? This share seems to be facing a perfect storm in terms of downward momentum but I might have a nibble at 325 levels although worried about 300 barrier being breached. Who knows though. I’m usually wrong. Good luck.
This is news today that's not great for EVR as well as others.
https://www.ig.com/uk/news-and-trade-ideas/bhp--rio-tinto-and-fmg-share-prices-all-drop-as-iron-ore-prices--191111
https://www.spglobal.com/platts/en/market-insights/latest-news/metals/111119-seaborne-iron-ore-prices-sink-to-9-month-low-shift-in-end-user-procurement-preferences
https://in.reuters.com/article/asia-ironore/china-iron-ore-steel-futures-dive-as-mills-destocking-idINL4N27R05R
Why is the price down so much today?
Mid price today 355, well below resistance price of 375. Any new resistance level?
Look like I was completely wrong. All support lines being broken....
If there is news on dividend in coming week then this should push towards 420s
Hi Skier.
I disagree.
The broker notes are arriving again so far with Hold and a 375 target.
Steel prices have risen around 6%to 9% since October's baselines, as also with Iron Ore.
IMO a reason why EVRAZ is so far lagging behind a recovery with steel index is that a large chunk of last years profits were down to Coal/Coking Coal. The coal price is currently in the doldrums, almost at 10 year lows.
The SP is showing good resistance at 375, and I understand breaking this level would be bad, but IMO the fundamentals do not justify it.
About 40% of the profit from the last half-year report comes from coal, so the coal price is massively significant to the SP and worth rising from these levels.
See EBITDA
https://www.evraz.com/en/investors/regulatory-news/
Finally, macro stuff, the trade war between China and USA which involves Steel, doesn't look set to get any worse, also indicating a baseline to these prices.
I bought recently (390p) and am holding.
All IMO but WTFDIK, KWIM
Looks like March 2020.
With no dividend for months, the ongoing steel downcycle, and recent weak results, the bear-trend remains in place here. EVR has been testing the 375p support-line for a few weeks, but it now looks ready to bust through it.
No news yet............if there is a dividend there should be news by next Friday
Personally i dont think there will be given the investment program coming up............next div could be March
Is there any news on dividends?
Normally EVR pay dividend on around 20th November.
Will there be quarterly dividend this month?