The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I have held these shares for a number of years and the share price is always a joke,it went down from 108 a few days ago back to a pound when the price of gold has been rising everyday since and we are now lower than when gold was 1920 or 1930
And to think this was around the two pound mark in sept 2020 when gold was a similar price
The share price was adjusted down when the completion was announced at which point shareholders were going to get just under half of the value of a Rasp share,assuming the Moscow stock exchange doesnt open and the value of Rasp is zero just like Gazprom etc then it would make no sense to continue with the demerger as you would get nothing in which case the share price of Evraz would be adjusted back up until the market makers decide to decimate it again
I expect the share price to rise next week as i still think that 36p will come off the share price on ex divi day just like any other share
If the share price was say only 50 or 60p then after the deduction its valuation would look stupid