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@Thaiflyer "Luckily i had a few Sophos shares...........up 150p on takeover news...........:-)"
You just might want to sell at that price rather than wait for the takeover to complete.
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Dont worry i am out..........ATB
@Thaiflyer "Luckily i had a few Sophos shares...........up 150p on takeover news...........:-)"
You just might want to sell at that price rather than wait for the takeover to complete. The buyout is in dollars, and if Brexit resolves one way or another the pound would probably rise, hitting the value for you (those dollars will then buy fewer pounds). You also have the risk that the deal falls through, that happens sometime.
Of course, if there's a no-deal Brexit the pound might drop and increase your value even more. But you definitely should consider currency fluctuations in deciding whether to wait for the takeover to complete, or just sell now.
Best of Luck!
Had to have another look didn't i................Fridays gains all gone at the moment
Luckily i had a few Sophos shares...........up 150p on takeover news...........:-)
Only another 250p to go....lol............will leave it till the new year to check again
ATB
@Thaiflyer Maybe you'll feel a little better today. :) Long may that 'good dividend' continue!
Thanks for the reply TMT.........not desperate for the cash (15k) so will let it ride for a couple of years......as you say its a good dividend
ATB
Gavster, further to your question, you aren't the only one noticing that the price is now below most analyst's target prices. https://www.marketscreener.com/EVRAZ-PLC-13351696/ratings/
Among other comments: 'The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential'
Hi, Thaiflyer. My view, FWIW, is that if you are going to be frustrated at the share price, it's the wrong investment. This is one to hold for a while. If we are going into a recession, and we might, the share price is going to stay down for a while, even if the dividends keep coming in reasonably well. I only bought this because I can let it ride for up to 10 years -- at some point in that time I expect to see an economic surge and the share price to be quite high. In the meantime I expect they'll do what this kind of company does -- keep pumping out the dividends to whatever extent they reasonably can.
You have to be prepared to let it ride and not care about the share price, I think. If you are going to need to get out of it sometime in the next year or two, there's a significant risk you'll regret having gone into it.
If that's where you are, it's kind of a problem for you, isn't it? Do you bail out now, cut your losses, and get into something more stable that you'll feel more comfortable with? Or do you ride it out since you already went into it, and make up your mind to not go into this kind of share in future? I'm not sure anyone can really advise you on that.
I do think if Brexit uncertainty is resolved you'll see a bounce-back. How much of a bounce-back depends on how the uncertainty is resolved. I don't think Brexit is the main driver of what is happening with this share, but it is a factor for market sentiment generally.
Thanks for the solar panel link........all very interesting and as you say, can be taken as a positive
Anyway its nearly beer o.clock here, so i/m off the leash and heading out into the den of iniquity that is Pattaya.............
Have a good day all....
Thanks Thaiflyer. I share the frustration.
I just look at the fundamentals, read the accounts and google relevant articles. I would not say that's knowledgeable. I was also attracted by the Abramovich involvement especially after see Highland Gold's progress and gaining confidence in Russian companies for example Trans-Siberian Gold, which has come good after a long wait.
Anyway yes, I've got no love for Goldman Sachs, with their seemingly involvement in various investment conspiracies some of which can no longer be Googled.
Their price target however has been overtaken downwards.
If there is to be a steel recess, I would like to know where on the scale of cost per ton, Evraz is placed amongst other steel manufacturers. I did note their diversity into solar panels recently, which I see as positive.
https://www.power-technology.com/news/xcel-energy-evraz-lightsource-solar/
Hi Gavster...........ive read a few of your posts and you seem quite knowledgeable on Evraz
Ive been in and out of Evraz for the last couple of years, my last foray was to buy at 700p so you can understand my consternation when we are currently at 408p.............ive tried to trade my way out of it but obviously its hard to do when the share is on a downward trend
I understand ore prices are down and if the share was sat at 550 i could accept that......but at 408 you have to ask why...........level 2 i see everyday "A" trades of 1 or 2 shares going through that pull the price down 0.2p each time
To quote yourself from 9 Aug
"Call me a cynic but when I see a Goldman Sachs selling target released a few hours before the EVR conference call. I just imagine Goldman themselves buying up all those shares being sold today for their funds and then in 6 months time EVR's price goes back up and the Goldman's price target is forgotten"
That does sound like suspicion of manipulation from yourself?....does it not?
I cannot understand why a profitable company with a good dividend should tank so much............make no mistake i want to see 700p plus again as much as the next person ........... i too also think skier1 has other agendas here....
Anyway not much i can do about it now......hope it has bottomed out.........just a bit p!ssed off thats all......
Hi TalkingMyTime
A sensible answer. Thank you.
Well perhaps it's a good sign that there's increased activity on here, It could mean that the fundamentals after the recent drop are proving alluring..
Skier. Can you justify your thought process as to why this will go to 200p ? Are you currently short EVR which brings your interest in the discussion ?
Thaiflyer, What is it exactly on level 2 that's spooking you bringing your cry of manipulation ?
Will we get the likes of "This is going to a pound", "Fill your boots 8 quid a share in a year dyor" or "manipulated, Treeshake by MMs hold".
I mulled it over again today, and again down it went. It's interesting we are now at the lowest band of all the recent broker recommendations, which does signal buying.
If those target prices are correct, it's time to buy.
My guess is that if we can get the Brexit uncertainty over we'll see a general rise. I think EVR is likely to rise more than the market as a whole, just as it has been falling more.
I also think it is time to start thinking about the US election. If Trump loses, the trade wars probably end or diminish, but you'll see lots of negative stuff for business happening, and that will hurt EVR. I suspect China is holding out in hopes Trump loses. If he wins, they'll probably do a deal, and EVR will go. So by summer, I think the US political situation is going to be a driver on this one. Right now, I think it is mainly Brexit.
I've just bought into housebuilders heavily, so I'm not topping up EVR, but I certainly wouldn't be selling. I realise this could fall further but I also think there's a very good chance it is near the bottom and will start to rise again. I look at what all those brokers said was their target price, and I think a lot of people are going to start changing sell to hold or buy if the market starts to turn at all, and when that happens we'll rocket.
I am often wrong, but that's my opinion, FWIW.
That is the question, and each I day I seem to mull this over Evraz's share price goes down another percent or so.
The steel industry is suffering massively with trade wars, macro economics and all sorts, yet there is the basic fundamentals of EVR which hold an attraction, for example the steel cost per ton of $238, iron ore $38 (both less than half the current prices of steel and iron ore) and their investor positive attitude to sharing much of the cashflow as dividends.
This page on their website nicely has the recent broker recommendations and shows the SP is now circling the base of this range.
https://www.evraz.com/en/investors/consensus-estimate/
Time to buy ?
Moodys downgraded their outlook to negative from stable. Bearish as EVR coorelates with the SLX, the Steel ETF.
https://edition.cnn.com/2019/10/04/business/steel-industry-downgrade/index.html
Chart not looking good.
Time to Sell ?
Or turn off the watchlist and check back in a year or two.
Any discussion or thoughts out there ?