Member Info for damofarl

hereshopin; kudos for that post! we all need a bit of levity! Thank you for providing it.

mpeterson; yes - you seem to be the only person that has read/absorbed the whole announcement.

Bar me. Thanks....feel less lonely now!

urraca; the flaw in your thinking is (yet), nowhere does it say RASP has been reunited with EVR; the reality is, just as the split was MANY months in the planning and executing, it was, based on circumstances at that moment in time of the split; noone could know, that the rouble would devalue/Moscow exchange would not open, and you can't reverse a split long planned in a day; RASP is away.

Happy to stand corrected, when the RNS stating such arrives. Till then, i think it is illusionary/wishful thinking

lthcine; they are not transferring £1.88 back into your account, "notionally" they are correcting it back into the SP at opening - but not their caveat, subject to usual market trading - what that means is anyones guess, but just as likely as it going up £1.88, is that market makers will perceive it's value prior was 25% of EVR, currently being untradeable, it has zero value, ergo reduce current EVR sp by 25%; it really is anyone's guess, but my guess is your not seeing £1.88 tommorow, or anytime iminent....

bobbybingo; obviously not eyes down on reading this statement - where does it say RASP is reuniting/returning to EVR? Where is the EVR RNS? RASP is not coming home.....yet....and certainly not on this announcement. A technical announcement.

infinity; why do you keep reposting this crap? the link is below 5 times wihin a page scroll; comment, consideration please contribute. Repetitive links without reportage, feek off.

robizm1001; bar you having a user name so unuser friendly to type, yes, it would make sense for the coal to come back; i would want that; my point is that this statement doesn't say that, and i think it's a done deal, unlikely it will come back.

Remembering that the major shareholders would want it in a tradeable currency, stlg through it's UK lisitng, it makes sense. But it made sense to 3 weeks back, pre war when RASP was near a 12 month high...

infinity; this isn't rising to £2 in a day; such thinking is delusionary; six months, probably, a year, definitely, and from that point onwards, well to infinity and beyond. Follow the fundamentals not the fear; follow the profits not the politics.

iodan1: yes i read that. What i didn't selectively ignore from the statment....."......the open price of Evraz will be adjusted to include the previously calculated distribution value of GBP 1.8875197296, with it subsequently reverting to its market price immediately after the open.".

.......was the crucial "with it subsequently reverting to its market price immediately after the open". i.e a technical not fundamental change.

theaiminvestor; as per my below post, why do people think coal (RASP) is reverting to EVR; it isn't, hasn't . It would require an RNS. This is a tech ical index tracking adjustment, not a change in RASP spin off.

Personally, if it is a reverting of coal to EVR, i will be a happy boy; but that isn't what has happened.

I think people are getting giddy about the FTSE Russell announcement; in the wider announcement they believe Russian listed (ie RASP) stocks are untradeable, hence they are removing from their tracking and assigning them zero value as untradeable; this isn't the same as saying RASP has not been seperated - if it hasn't been seperated (ie reversed/abandoned) this would have required an RNS from EVR as a material change. I see no EVR RNS; this is a technical adjustment to Russells indexes, not a reversal of RASP split off.

Yes the RASP benefit for those holding pre split, has reduced considerably, and ultimately will yield 50p rather than £2.

The sanctions today did not include this; it's primary UK listing, its status as a UK company protected it, and i don't see that changing. As a long term holder, i find all the ramping/deramping here ludicrous. The risks here are nationalisation/taking private (if i was Abromovich i would), and being delisted frozen. The former means you are in someone else's balls, the later, just means sitting tight. Believing in the fundamentals of a company that has a product in need (with a rising price because of this war), that throws off cash, is profitable. Patience is everything here, not panic. And i say that as someone who has never sold, even when this halved a few years ago.

The world needs their product, of which they are a major supplier. Demand will not disappear, it's ultimate destination may change, it's labelling of origin may change, it's domicile (to avoid sanctions) may change. But the need for it's product won't.

The SP may change, up or down; it's fundamentals only go up.

geowiz/mick2020; some good contributions there; thanks.

I think we all agree it's a bit of a money train for the BODs; my view on excess wages (syphoning off of profits), has always been if you are going to do it, at least take your shareholders with you. If you are delivering to me, i don't care what you are delivering yourself. When you are delivering only to yourself I do care. And i agree change is needed, either in the people or the attitude.

Couple of thoughts....why does this seem to be ticking up slowly? Can't see any obvious catalyst...

I've been looking at M&P (MAU), and as a holder in Seplat too, of which they own 20% amongst other assets, wondered whether it could be a (better) value way to benefit from this field, whilst also diversifying whilst gaining exposure to Seplat which, i believe, is on the cusp of good things. I feel MAU is undervalued, but then i note it doesn't really yield dividends (despite profiting from Mnazi and receiving high dividends from Seplat). Be interested on your thoughts on this - i think it's a cheap way into both Mnazi and Seplat but the controlling govt holding does suggest MAU's benefit isn't for the wider shareholding base but the Govt, hence interested in your views.

RKbeekeeper; revisiting your post, you done well buying at a year low!

Whilst this is a specialised area, potentially risky, the yield rewards those who understand/are prepared to take that risk.

Weirdly, as part of a diverse portfolio i think it is less risky than it would suggest - witness it's non movement in current uncertain times/markets, when staid bedrock FTSE100 companies seemingly not related to the Ukraine area drop 10%?

Boring really is exciting some times!

The latest monthly factsheet is out; as ever, technical, concise. Solid.

Commentary shows volatility in the collateralised loan market due to interest rate/inflationary pressures, and a reduction of issuance pursuant to such; NAV continues to rise; notable was mention of (continued) income from a number of their loans, and no mention of non/under performing loans. i.e. business as usual.

I do find it (encouragingly) perverse that this supposedly risky/specialist stock is so stable in uncertain times when considering supposedly safe stocks such as say Direct Line, are volatile/drop on events which in reality should have no impact on their business? What do i know? Except my experience here is that this is a wonderful counterweight amidst any balanced/spread portfolio.

walkley; yes good results; the key comment in the RNS for me was, if going forward, the cash at hand increases from £180 mill, any excess will be returned; quite explicit and specific that. I also like their rationale for holding so much cash. Slow but sure this, slowly accretive to both SP and yield in the long term.

kong1; happy to admit i was wrong and you were right about the BP divestiture! I still think we differ on everything else; but respect for being right on this one point and apologioes for calling you nuts on it! Still haven't sold a share, still believe in the fundamentals of steel, and EVR's importance to it's supply. Can't get my head around the fundamentals of a company barely worth more than a years sales, in a market where they have a considerable world percentage (influence/impact).

Weirdly i don't see why the divvy won't be paid, it was cash already at hand; as an LSE listed (although at next rerating not a 100 listed co), it will have resource/capability to source non Russian/non sanctioned banks, and it's recent stress test, and cash generations as per annual report shows a hig profitable highly cash generative company

Frankly any thing below £2 is a steal on this this; yes inflows/outlfows are important here AUM (assets under management) wise, but really this is a margin business, where they earn a margin, foreseeable margin for services offered; it will fluctuate with AUM fluctuation, but people will always invest in their offerings. And the inertia factor is important here, in that many many people invested here, through isa's or pensions, are not engaged day to day with performance. They don't understand performance - they trust to known respected companies to deliver, frankly in their dislocation, to provide surety over performance, not aware/concerned that fiscal (inflationary) drag is potentially negating that surety. A recent industry round up, highlighting the' dogs' of the investment market world included a number of M&G funds albeit none were crap, just low quartile ranking wise, and the average investors in their funds would not be aware, or care, with such.

Fundamentally, M&G are in a growing, at worst constant market; of people living longer, working longer and needing to invest for longer; to me that means a fee, means income, and bar AUM fluctuations will mean sustained profits for longer.

Tuck in the draw, go away, and go yeah with every divvy yield day.....

Great results announced today and 10% increase in quarterly divvi to 55c; in 2 years time, holders of today will be reaping 10% yield, forget the growth; seemingly under the UK private investors radar, but very much on fund investors radar; a great number of well established US funds are in here, and building stakes. Yearly earnings nearly a 3rd of market cap, 20% of market cap in cash suggests not truly valued, despite being in a growing market supporting long term not short term fundamentals. A great 5 year hold, for both SP and yield appreciation.

zengas; but surely, if this is effective Jan 21, we have the (economic) benefit of a years supply to (more than?) offset headline cost, so not sure i see a downwards adjustment....

sonofyoda; yes nice divvy and a tick up; my concern here is that Kwale and it's income will cease before Toliara contributes and there will be a bridging period of zero income and outgoing cost; in that interim divvys will cease and the SP will drift downwards.