RE: UK selling military equipment and ammunition to Russia..10 Mar 2022 17:29
A company such as EVR cannot isolate itself from a shareholder who like it or not has a strong influence on the company. What company would ignore a shareholder that owns a third of it? Like it or not, a big chunk of EVR's business is Russia related and a big part of it is russian owned (yes technically it is not a russian company, but that's semantics). Whilst I would expect it to come out of suspecnsion at some point, that wont be soon, and the price at which it does will be wholly dependant upon the situation in ukraine and the west's relationship with Russia. Now if russia backs off (highly unlikely) and it calms down then yes, big upside. However if it continues to escalate, EVR will continue to suffer by association. Also have to remember that their business partners have to have faith in EVR too, with the bad press, suspension, government overtones would any non russian/chinese entity wish to enter into deals with EVR when they can find alternate suppliers? Highly unlikely. All my opinion of course, but its a political play now, no point whinging about the company being owned by others than RA etc, the gov cares not.