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AGM will be a 100% waste of time. I agree with the guy who wrote that Evraz Plc is not releasing results because they would have to write off Russian assets since they don't control them any more and that would make an enormous hole in the balance of Evraz Plc and Evraz Plc would have to report negative net assets as a result. BP, Shell, Coca-Cola and more than 200 companies have written off Russian assets worth more than 80 bln pounds and I see absolutely no reason why Evraz Plc would be an exception in the write off rule.
To All sellers - I have replied to all the emails - please check and also check spam folder - some mail servers put all RU mail in spam for some reason. Thank you!
There are levels of entities. Rasp has money, Evraz metal Russia has usd 1,7 bln debt, Evraz PLC is in default on bonds and has very large debt, more than 2,5 bln usd. If the link between the Russian assets and the Evraz plc is broken via ESO law, Evraz plc is a zero 100%. If Evraz PLC somehow manages to reestablish control over the Russian assets or gets a huge compensation for them in real money transferred out of Russia then yes, all is fine for the plc. I still think that selling is a great idea for foreigners who would not be in the ESO Russian boat.
Evraz Russian assests results 2022-2023:
Last year's revenue decreased by 19% to $7.7 billion. The decrease in the indicator was due to a drop in sales of semi-finished steel products, as well as a decrease in prices for tal.
According to the presentation, sales of semi-finished steel products in 2023 fell by almost 18%, to 4.37 million tons from 5.4 million tons a year earlier. At the same time, sales of construction products increased by 6%, to 4,078 million tons, and railway products - by 5%, to 1,352 million tons.
The EBITDA margin was 27.6% last year.
Capex in 2023 fell by 5% to $634 million.
Net debt increased by 7% to $1,749 million. The increase in the debt burden was due to the repurchase in 2023 of Eurobonds of the parent company for $425.2 million.
You wrote: "I'm not selling, especially not to you."
move along, what is your problem? there are thousands of shareholders, make them a better offer. There must be some cultural difference - in Russia you don't walk into a store and throw a tantrum like you do "i won't buy at your shop and don't even consider buying", you just move along that is it.
Hi! If you want to get money for your Evraz plc shares write me an email to: chinaadr2021 at yandex.ru
I buy Evraz shares - best prices, best terms, 15+ deals closed
I will be in UK in early May for several days, so if you want to sell write an email. Minimum amount 5000 shares. Thank you.
Part 2 If successful, the claim will result in the suspension of the Company's shareholder rights in relation to the Subsidiary and the subsequent distribution of shares of the Subsidiary between the holders of the DRs and the ultimate owners of the Company. The subsidiary will be transformed into an open joint-stock company with shares listed on the Moscow Exchange.
If the Court grants the claim, it will entail certain risks for the Company's shareholders and beneficiaries, as previously disclosed in the Company's 2023 Annual Report. Some X5 DR holders may not be able to participate in the procedures proposed by the Law or may encounter significant difficulties in doing so. Non-Russian shareholders who participate in the distribution of shares of the Subsidiary will also be subject to temporary Russian restrictions relating to dealing in securities and receiving dividends, placing securities and any future dividends in so-called S accounts. The law provides for possible cash compensation at market value for unallocated shares of the Subsidiary, however, payment of such compensation will require obtaining approvals in accordance with temporary Russian regulatory rules regarding cross-border financial transactions. As a result, DR holders who do not participate in the distribution may be unable to recover their investment and the value, profitability and liquidity of their DRs may be adversely affected.
• X5 CEO Igor Shekhterman and X5 President Ekaterina Lobacheva will retire from the Company's Management Board and will continue to perform their responsibilities in managing the Subsidiary, focusing on developing and maintaining the stability of Russian retail operations.
As a result of these changes, the Management Board and the Supervisory Board of the Company will consist of two and three members, respectively. The Board of Directors of the Subsidiary will consist of six members, including three new members appointed on March 27.
In order to further develop the corporate governance system of X5, the Management Board of the Subsidiary in Russia, which previously consisted of nine members, is being dissolved.
Reference Information:
X5 Retail Group NV (ticker on the London Stock Exchange and Moscow Exchange - FIVE; Expert RA rating - ruAAA, ACRA - AAA (RU)) is a leading Russian food retail company that manages stores of several retail chains: convenience stores Pyaterochka ", supermarkets "Perekrestok", "hard" discounters "Chizhik", as well as the chains "Krasny Yar" and "Slata". The company takes a leading position in e-commerce, developing digital businesses Vprok.ru, 5Post, express delivery and “Much Salmon”.
As of December 31, 2023, the Company operated 24,472 stores with leading positions in Moscow and St. Petersburg
X5 Retail Group today's message - This is what will happen to Evraz PLC later this year
X5 RETAIL GROUP NV ANNOUNCES THAT IT HAS RECEIVED NOTICE OF THE APPLICATION OF THE MINISTRY OF INDUSTRY AND TRADE OF THE RF ON THE SUSPENSION OF CORPORATE RIGHTS TO ITS RUSSIAN SUBSIDIARY
Amsterdam, March 29, 2024 – X5 Retail Group NV (“X5” or the “Company”, ticker FIVE on the London Stock Exchange (LSE), which operates the Pyaterochka, Perekrestok and Chizhik retail chains ", reports that the Ministry of Industry and Trade of the Russian Federation has notified the Company of an application to the Arbitration Court of the Moscow Region (the "Court") to suspend the Company's corporate rights in relation to its Russian subsidiary LLC "Corporate Center X 5" ("Subsidiary").
In accordance with the provisions of Federal Law of the Russian Federation No. 470-FZ of August 4, 2024 (the “Law”), the Court must make a decision on accepting the application within one business day from the date of its filing. If the Court accepts the application, the trial itself will take at least five days and no more than one month from the date of acceptance of the application.
During the period of litigation, the Court may, in its discretion, grant interim measures that may limit certain of the Company's rights in relation to the Subsidiary. These measures may include prohibiting you from voting at a general meeting of shareholders, alienating your shares in the Subsidiary, or receiving distributions from the Subsidiary's net profits.
The application requests the Court to limit the rights of the Company's shareholders in relation to the Subsidiary; convert shares owned by the Company into treasury bills; and further follow the procedure provided for by the Law, requiring Russian holders of the Company's depositary receipts (DRs) and its ultimate owners to accept the distribution of shares in the Subsidiary in proportion to their participation in the Company, as well as providing a similar right to non-Russian owners and beneficiaries of the Company. The application further states that the above rights and obligations will be accorded to the owners and beneficiaries of the depositary receipts as of the date of the Court's decision. The foregoing means that the purchase or sale of X5 DR after the above date of the Court's decision will not result in the purchaser receiving rights to participate in the distribution of shares of the Subsidiary. The Law also provides for a separate distribution procedure for holders of X5 DRs in Russian depositories through a process to be established by the Central Bank of Russia and which will not require holders of X5 DRs to apply for participation. However, the corresponding act of the Central Bank of Russia has not yet been issued
You can not imagine how many times were Biden/Bloomberg warnings called "scare mongering" before the war broke out in all Russian media and social networks in late 2021/2022. Russian media, Russian Foreign ministry etc went all out to claim that war is absolutely impossible and that Biden/Bloomberg are making this whole things up cause they are stupid/senile/out of touch/idiots. And then it all happened!!! If you had listened to Biden/Bloomberg you could have made a fortune. So, covering your head into sand is a very bad idea for your wallet. Evraz will be ESOed or even worse - sell the assets like Polymetal did. But as someone told me - they would rather burn the money than sell. That is stupid, but people buy into crypto scams all the time so who am i to judge you.
I can agree and admit that I was wrong about the ESO dates. But Putin said that it all should be finished by 31/12/2023 - so I really thought that it would start in September 2023 to get finished by the Putin's deadline. I have put enormous effort to transfer the shares to me as soon as possible so I truly thought that way about the dates. I still think that Evraz will still be ESOed this year. There are not that many options, I have pointed them out in the first post in this thread, and 100% Evraz PLC will that way or another part with the Russian assists, which are in my view 100% value of the Evraz PLC minus debt, since they are of strategic value for the Rus Gov. So - miracle, asset sale, ESO or nationalization. My view is ESO.
It is funny how you went from ESO law is a scarecrow and will never be implemented to Evraz is not interested in ESO)
Evraz opinion on ESO does not matter, the law is written that way that the RUS Government and only the Government decides who gets ESO-ed! It is compulsory.
Rus Gov does not like that key steel mills and coal mines and vanadium factory are owned "by the enemy from UK" and Evraz will be ESOed no matter who you talk to. Also I hate when people like you pretend to know much and talk to the right people but won't others anything since it is "a secret". In most cases it turns out it is all 100% made up wet dreams.
Rus Asset sale will be a catastrophe for me as well as for you since we will get more or less z-e-r-o for the shares of the PLC in this case, I bet no one waited for it in Polymetal/Yandex but it happened.
I still see no one buying at 2 dollars, there are no such deals, you are lying.
Just for you all to understand the real prices here is today's news from Russia. The price is 2 bln for 18 bln of pure money just for the permission to take to UK 2 bpn out of 17! This is why the situation of not ESOing is so bad in my view, cause it would mean a sale like this.
Expobank buys HSBC subsidiary at 90% discount
03/21/2024, 15:31
Tatiana Voronova
The transaction amount could be only 2 billion rubles with the bank’s capital of 17 billion
The Russian subsidiary of the global investment bank HSBC is being sold at a record discount for the Russian market. Two sources familiar with the details of the deal confirmed this to Frank Media. One of them knows that the discount will be “significant”, i.e. much more than what is required by law. The second interlocutor indicates that an option was discussed in which it would amount to about 90% of the capital. Thus, HSBC Bank can leave with a minimal multiplier - with the bank’s capital of 17 billion rubles, the transaction amount could be about 2 billion rubles.
Infinity888 in Russia if you control the company you can make it send the production to you without receiving money as long as you want - see Rasp report for yourself. So $3,5 bln debt is by all means not gone, most money is in receivables that Evraz may/will never receive. As for competition - Magnitka MMK which is about the same as Evraz showed only $361 mln Free Cash Flow in 2023. Severstal/NLMK are more great iron ore companies, can not compare them to Evraz PLC.
No one is offering more than 1 pound and those offers pay with at least 120 days delay, after the share transfer which takes forever. And you have to trust them that they will pay you eventually! I am the only one proven and paying.
Share trading: I am focusing more on buying out the institutional holders right now, but still offer best terms for individual investors who want to get real money for Evraz plc shares. I have just received from Evraz the certificates for the 4th of December 2023 deals, so if you sell to someone else who promises to pay you upon transfer – get ready to wait for 4 months and then may be get the transfer declined by the bank. I pay 100% on the day of the deal. My price is 0.8 gbp per share, more if you have a lot of shares. Contact me at chinaadr2021 at yandex.ru . Minimum amount 8000 shares, you have to be sane and sober. I have bought 15 people so far.
Evraz news:
ESO list first edition is out. ESO-ing means that Russian assets get torn away from the UK Plc under the mandatory 470 law. FIVE X5 – Russian top retail chain with 25 000 stores - another company I bought a lot is in this ESO list, I am very happy. Evraz PLC is not in this first addition of ESO list, but I have invested a lot of my own money into the idea that it will be eventually ESOed, so I put my money where my mouth is. The Russian Gov had claimed in 2023 that there would be one list of companies to ESO, so I thought it would include all the companies, but the Rus Gov decided to start with 6 first companies and then add others like Evraz. I have no idea when the second part of the ESO list will be out.
Raspadskaya coal company – the key subsidiary of Evraz and value generator - has released 2023 results. The results are ok, but the cashflow is bad. If you add the numbers starting with the Evraz 1st half of 2022 net debt of 3,5 bln dollars and calculate the debt on 31/12/2023 you can see that there is still a lot of debt. My estimate is 2,5 USD bln in debt on Evraz PLC combined. The main reason is that some huge customers of Evraz are not paying for the metal/coal send to them. This leads to Evraz essentially sponsoring some “unknown” (wink) Buyers. It is a common practice in Russia to do this if you don’t want to show the money.
This debt situation leads to variants for Evraz PLC fate:
1. Oligarchs manage to persuade the west to abandon sanctions and unfreeze everything before the ESO process hits. I think that it is almost impossible since there is no time left.
2. ESOing. Foreign shareholders lose almost everything if they don’t have a Russian wife/entity, oligarchs regain Rus assets.
3. Evraz PLC does what Polymetal and Yandex did – i.e. sells all Rus assets for debt plus a tiny amount of money to repay some Eurobonds debt. For me and you this is super bad, shares are a zero.
4. Russian GOV seizes all Evraz Rus assets for zero. There is a huge wage of nationalization right now in Russia as the war gains steam, so this can happen, but lets hope that oligarchs do nothing stupid.
I suggest CWWX and other sore losers you man up and stop calling people names on the internet and then hide behind your moms skirt. Grow up. Look at me - I never called Philip any offensive names despite him banning me for absolutely nothing. Because I am a man, and you are a void of loser-ness.
Antony MC - you have offered your 111K shares to everybody, but most people think you are on drugs or something and therefore unable to realize your own intentions, so I don't know how to proceed. I don't do any deals with people who seem to be unreasonable/untrustworthy. Even if Philip came to me to sell, I would do the deal with him, cause at least he is in his mind. Although he absolutely didn't understand the scheme I offered him for ESO insurance.
All right - what is better - a rose world where Philip lives or my real world? I think that it is way better to see the situation as it is in the real world than somehow dream about unrealistic things. Evraz will be ESOed, chances of losing all in Evraz PLC are high (not 100%, but high in my opinion). I get that you want to hate someone for your loss, but I personally have done absolutely nothing wrong. I see that people take loans on their homes reading Philip and risk their family wellbeing believing Pro and being greedy and not selling. That is just plain wrong from any point of view. They can lose everything.
Philip-PRO, Brian and others have a RUSSIAN wife/entity/friend they will transfer the ESO shares to. This is why they welcome the ESO and stripping the Rus assets. All other investors - Ask yourself do you have it? Or will you lose all? This is beyond terrible behavior from them - just making people lose money out of fun.