The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Wolf, NA here the link :
https://find-and-update.company-information.service.gov.uk/company/08311287/filing-history
Formal audited report. Auditor is from US and approved by FCA.
NA made 620M USD Ebitda in 2022
'WoW,
We have RASP financials and 2022 NA financials too.
If Russia Gov force Evraz into ESO, Evraz need to provide a local audited position and most likely for 31.12.23. '
Who have they been audited by?
If the ESO happens why would Evraz accommodate anything and how would it be in their interests and which auditor would take that appointment?
I think you’ve persuaded me to part with my shares, unfortunately they are also in a nominee account with my broker.
You can buy my 130k shares for $1.50 each but they are in nominee account :D
why so many people decided not to take the paper certificates? I don't know of a way to buy in nominee account
All right - just post a price you would buy 30 000 Evraz shares. I can start - i can buy at $1. My sole hope is getting into ESO, if i were a foreigner I would honestly sell at $1.
Andrey,
Based on what people write, you see that we are all legit investors in Evraz. We dont believe what you say, people clearly see what you try to do.
We waited 2 years and will wait for the final solution. Try better to look for a other business you like to invest.
Have a great evening
WoW,
We have RASP financials and 2022 NA financials too.
If Russia Gov force Evraz into ESO, Evraz need to provide a local audited position and most likely for 31.12.23.
Personal not worried about what Andrey is saying …. RA has billions frozen by UK Gov and is not a bandit. Guess if any ESO comes we will get a deal constructed similar to Yandex
Andrey,
You write facts which are NOT correct.
1. End of 2021 we knew the NET Debt position. We also know that RASP has paid all debt off, NA Debt position is down and as well that no Divi was paid for close 2 years which bring out NEBT DEBT to close zero!
2. Thats not what the law is saying. Fact is the law is saying that non russian share holders divi will be accrued (when not payable). Identifiable Beneficiaries (non russian) may as well receive Divi directly. As well if it should be a clean cut, there will be a compensation based on market value.
3. When you compare competition in US, you know that Evraz NA has a multibillion value. Worthington Industries is such competition in NA. You know the NA Asset will be on its own protect non russian holders with a value way way north of 1$.
4. At a sale of NA, financials of 1-2 years will be reflected and growth potential of the future. Stop to talk complete rubbish … thats known Industry standards. NA was nicely developed over 15 years to be that high end engine.
We all know that you drive your own Agenda and talking nonsense / missing many facts!
You can buy my 130k shares for $1.50 each but they are in nominee account :D
Nobody knows how this will end. Reports that Russian elites dont want to be separated from the west for years. Other reports that Putin is dead lol. I certainly wont be selling for a dollar.
The company cannot tell you anything on the financial state of the company because they cannot get an auditor to verify what they have to say, which kind of underpins the while shareholder communication process/system.
Those be the facts.
If im honest Andrey, Id rather lose my money than sell to someone in Russia who will benefit.
Hi AndreyAA I think you were fine with your argument until you stated 'helps Evraz plc avoid upcoming bankruptcy' - why would you then want to buy any shares in a company that is about to go bankrupt? I think their is nothing wrong with your offer and if people wish to take $1 a share that is their call. However it is not truthful to state that the company is near bankrupt - indeed the company themselves have stated they have the money to pay the bonds and also RASP is also making a lot of money and owes them a lot of money (including dividends). I think that if you just keep factual and state - i will buy Evraz shares for $1 as I see value in them as I am a Russian and will benefit form the Russian law changes that is fine and people can make up their own mind what to do. No need to make up stuff is all i say.
Most have written these off as have I
All right - here are the facts:
1. Evraz plc has more than 3 bln usd in debt (you can see for yourself on their web site)
2. Evraz is losing it's Russian based assets in several months under the 670 law. This almost all of the business.
3. Evraz plc is right now in default on it's debt because they can't move money from Russia and sanctioned to death
4. Evraz plc has North America assets unreachable for the Rus Gov which were unprofitable even on the EBITDA level for many years but 2022-2023 seem to be fine for them. EBITDA (not profit!) for NA assets was 2019 = 38 mln usd, 2020 = minus 28 mln, 2021 = 321 mln, 2022 = 620 mln. Average ebitda = 238 mln a year, ebitda multiple 5, price 238*5 = 1200 mln, which is not enough to cover the debt.
6. There might be some compensation from the Evraz Russia for the seized assets, but the Gov regulation explicitly states that it would be frozen in Russia on the frozen account.
so basically any high hopes above 1 USD per share would be on that the war ends tomorrow and Russia gets the reserves back and unfreezes the compensation, which in return helps Evraz plc avoid upcoming bankruptcy.
Just go where you came from...we dont need your bussiness
AND YOUR POINT IS???????????
Gold investor is also the evraz account, infinity888 Phil bauss….
Andrey nothing like this what you mention will happen! Secondly you are too late … with the HMRC tax payment for the OTC the whole process will take easy 3 month.
I find just funny what you write :-)
We discussed it up and down with 500 investors and in the end we will be fine and the value will be way north 1$
You play your own Agenda here - thats all
Not too sure about the implications of that ;but i would imagine uk shares would be safer with him.
Once the ESO list hits there will be 10 or more similar ESOed unsanctioned traded by brokers companies to choose from (X5 FIVE, TCS Group, Fix Price, YANDEX, OZON, Globaltrans, Headhunter, etc. - about 50 usd bln market cap total) and a lot of foreign sellers trying to get something before the collapse. But the deals in Evraz take forever to register in the registry and are very hard to make so I want to start now before the ESO deadline. Once the deadline for converting to ESO is within 2 months no Russian will be buying them since we will get zero for our money as well as a foreigner since we will simply miss the date for ESO. There was forced conversion of ADRs for Rus citizens in 2022 - those Russian citizens who missed it for any reason lost everything and are now desperately trying to sell ADRs at 10-15% the underlying stocks value. I am ready to switch to other ESOed companies, just know better the metal and coal business than IT business.
You don’t think they’ll just hand the company back to RA?
I can see both sides and tbh the question I think you both have to ask is what are they worth to each entity? If you are so confident in the new law and the outcome then evraz shares would be worth easily $5 to any Russian and to the non- Russian much less as you state. Then once the company becomes an eso then more Russians would wish to buy them but not for full value of $5 shares but would still like a good profit so say $4.So why not wait until then and sell to another Russian - still make 25% instantly? I can see why you would like to buy like us all but the price is the query in my view
Wolf,
Good that we have Evraz NA
Regards
Evraz
No one really has a clue how much money any of the subsidiaries are making as they haven't been audited by western standards. No audit, legal firm or bank will touch them at the moment and won't for the foreseeable future.
So if the Russian assets get scooped up by the Russian state and in the unlikely event compensation is paid out to western holders (which seems a pipedream imo) you wouldn't be able to cash the cheque anyway if you are UK based without breaking sanctions. The likelihood is it would be incepted by your bank before it even got to you.
I'm increasingly seeing problems with businesses that are not even based in Russia where banks are making individuals and businesses jump through hoops to move money round, especially with Middle Eastern accounts because of the potential link to Russian money.