It hit a technical low yesterday, volume was non existent as everyone waited for a bottom. When indicators shows we've got there volume floods back in and we go up. No one wants to buy when there's no volume and no price action. Everyone is interested when volume picks up.
2024 may make a difference for your negative agenda Pl100 but for actual investors, no it makes no difference. You fight the corner of negativity very well, but you fight too hard that you cause people to ignore you. The only person left holding these that is influenced by your negativity, is yourself. The rest of us are holding and waiting, and probably like me making a little by trading the rallies. No money to be made when it's declining, hence no volume. All profit here is made on the rallies, which is when you see interest return and big volume. Instead of being negative why don't you lump on the rallies like the rest of us. We all profit when it rises.
2024 or 2054 makes no difference. An upturn can occur at any time as recent history has evidenced. I repeat that the downside is 70p and the upside is multiples of that. It is an incredibly foolish person that thinks a sell at 70p is a wise decision. Just look at the volume at this price level, it's non existant that is a classic indicator of a bottom. Could it go lower, of course. But there's more than 70p in upside, so frankly who cares what the price is around here, its all irrelevant to most of us
No floor lol. There's a very obvious floor, zero. So it can fall a max of 70p in an armegeddon scenario. It's lost more than that in the last few weeks, So I doubt any left holding these has any concern wgatdoever about a possible 70p fall. 70p downside, multiples of that upside on any upturn or positive resolution in effect you can buy now and if it goes right for ncyt then in 6 months time you would probably have made a 300-400% return. Absolute no brainer.
Why would any nation pay them in gold or bircoin? They have firm contracts with every customer, in which denomiation of payments is clearly stated, and there is no room for deviation. They are legally binding contracts, and not one of those customers will pay in roubles, bitcoin, or gold. It will be euros or dollars 99% of the time. Its not possible for one party to arbitrarily change a contract mid delivery, thats why they write up contracts in the first place. Russia could cancel them of course, but then they would have to pay a huge penalty clause.
I doubt the Ukrainians consider any media attack on Russia too much, those people who are starving and thirsty, living in freezing conditions with no power, in fear of their lives every second of every day, whose women are being raped and whose millions of citizens have abandoned their homes to flee, and whose childrens hospitals are being bombed. Yes, lets not be negative about russia shall we. Russia deserves any attack the world can throw at it (in my mind we should be slaughtering every russian in ukraine as a world response), and anyone or any company that has in any shape or form helped them commit these attorcities will suffer the consequences, RA being one of those people.
On the RA issue. I suspect he is knee deep in Putins circle jerk off power group. But he's a shrewd operator. Would not surprise me in the least if he leads a power play against Putin and becomes the new leader in the future. He's played his cards pretty close to his chest and would likely be an acceptable face of Russia to the west.
What is more likely if the shares recommence trading (shares that were suspended I add to protect investors...), that all those 'waiting on the sidelines' pile into a company tagged as being russian with associated sanctions, whose directors have all just resigned, and whose business activities are under suspicion, or that those stuck in since it was suspended rush to the door to salvage some funds? If it reopens it will crash to a penny stock. It will not reopen trading, certainly not whilst there is a war going on.
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.
Those tech companies aren't majorly owned by Russians with close ties to Putin though are they... have a word with yourself. People are living in a dreamland if they think the gov wont punish EVR as hard as they can, they have all the power as they write the laws. All this whining, take them to court blah blah, its just sour grapes, the gov would just amend a law and EVR would just **** away even more investor funds. Its an economic war, and EVR is on the wrong side of it, they are being punished by association, and that punishment is going to last a long time.
Thats a fair view, the UK has much blood on its hands I agree, and is one of the major contributors to Ukraines pain. However my comment is about being naive that Evraz will get anything but slaughtered out of the back of the Abramovich association. The press will be filled over coming days about Evraz supplying steel for tanks etc, even if its false the media wont care as the gov have stated it themselves. They will have a field day with it
We are at war with Russia in all but name, be it economic or supplying arms to the Ukrainians. If you believe that the biggest holder of a companies shares, who has interests in Russia, who is one of Putins biggest allies and financers isn't going to bring hell down on the associated company then that is incredibly naive. Rightly or wrongly Evraz will be smashed by the the Uk gov and its allies (which covers most of the world) if nothing else other than to make a point and hurt anyone linked to Putin. No company in their right mind will trade with Evraz now, even if they have the possibility to do so.
I think the Uk government disagrees with the Evraz company line, and at the end of the day it is only their view that matters. They can do as they wish, Putin style.
The hedging is good. A good hedge policy is to hedge consistantly for example divide your output by 12 and enter one equal hedge a month. that way your average price strips out price fluctuations. In an uptrend your return lags the market price, and in a downtrend vice versa. The hedge price will rise accordingly as hedges roll off and new ones are entered. picking and choosing when to hedge isn't hedging, it is gambling, and not something a successful company should consider.
Maybe legally other companies can trade with EVR (for now...) however, morally many companies an countries will not do business with companies where its major shareholders are sanctioned, hence there will be a huge drop in demand for EVR's output at the very least. If you think otherwise I'm afraid you will be in for a very nasty shock. Look at all companies pulling out of Russia. It's not the Russian peoples fault, but anything linked in any form to russia is shunned now.
Not standing up to a dictator is how Hitler managed to kill millions of innocents. So saying you want countries to back off whilst putin murders thousands of innocent civilians is rather a weak minded view. In many ways you are saying you want a people to be subjegated and live in fear so that your investment might have a chance of rising. Some people truely amaze me with their selfishness.
We are going to have staggering inflation levels this year for sure. Just today UK gas hit 800p/th, its usually 30-40p/th. Electric rises with it. You translate that into what the average UK household bill will be when it rises in October and it equates to c£8k a year per household (average use 2 bed house). Thats just electric and gas. You add in fuel prices, food bills, tax increases, interest rate rises to combat inflation and effect on mortgages, and we have the mother of all recessions around the corner.
Morning all. Gas opened up at 800p/th this morning. Many folks will be looking for a way to expose themselves to that and IGAS is the natural domestic play
They need our support, physical not just words. I just got a message from a friend there who is having to hide in her basement with her mother to avoid the shooting, fears for her life. And we as a nation sit and watch, utterly disgusting.
The Russian people love him. He is a cult hero to them, that's a big part of the problem. he has too much power and no oversight, which unfortunately for the world has gone to his head. hitler was loved by his people too initially.