Member Info for damofarl

Kong1; when i see an RNS saying BP has divested from Russia, i will acknowledge i was wrong, acknowledge you were right.

There is always an element of luck in any investment; mine here is on the product not the politics, and short time loss, long term the product will out, and for that i require no balls, just research and conviction. And now patience!

It is because the UK/EU/NATO have no balls, where are here, talking balls. The UK aren't going to find there's, EVR will find it's

kong; thats puff and you know it....."BP left the meeting with no doubt about the strength of the Business Secretary's concern about their commercial interests in Russia." - was it concern about the Ukrainian people being invaded, was it concern that BP was helping facilitate cashflow to Russia, was it concern that if frozen, every final salry pension owner would be impacted?

It's vague fluff, and any reasonable person would see such.

rickofengland; again i agree with you pretty much! well i've never sold an EVR share - purely because i've followed the demand not the country or the politics. I wasn't thinking a loss/nationilising of our shareholding was desirable, and i do think it a possibility; merely from me, IF, that prevented death i would not only accept such within the risk inherent of investing, but prefer it. It wasn't a rational consideration of values, just a personal moral desire of values.

I fundamentally disagree with you as international investors we are helping the world economy. All people like me and you are doing is pillaging the resources, profits and repatriating such to ourselves. It's still Empirical, take the resources of a rich land and enslaving the producers whilst we enrich ourselves. That might not be 100% slaves now, but they are probably low wage enslaved people, 14 y.o. children scrambling for the resources we are reliant on for our iphones. Not the issue for EVR, but this sphere of investment is indemic with such. Lets not kid ourselves we are enrinching the world. We are enriching ourselves at others expense.

kong1: can you repost one single example of the UK Govt pressurising BP to offload Russian interests?

kong1: to me sanctions/bank restrictions do have an impact; unfortunately the impact is on the people, not the propagators. They already fiscally comfortable, have resource to resources, cash at hand, at worst could sell some Wedgewood a painting. The average Russian doesn't have that, and once their bank, where they have their savings/pension consideration is froze, precipitating a rush to withdraw such, that rush will deplete average, particularly low income peoples ability to buy their basics, like bread an milk. Yes sanctions can have a political impact, but most there impact the impact is on a nations's people . Personally i don't think the average Russian wants this Putin push; whatever the outcome they will pay it's price.

Rick engladg; i'd love to believe you are right, from a societal point of view, but alas i think this is the real deal and i think there is real intent, and purported fuel fuelling issues will delay not curtail the inevitable. i hope you are right but when you have someone ideological they don't necessarily think logical - that's my worry. My worry is not in the considerable loss my considerable holding (proportionate to my portfolio) is, but the loss of life. Frankly, if you were to wipe my entire EVR holding in exchange for peace and the saving of otherwise lost lives, i'd consider that a profit, a gain.

Rick england; totally agree, albeit the stamp duty (its not stamp duty) isn't really a factor.

But your points are right; if you work for say, the NHS, or any company that has a final salary pension, your future, your pension will be invested in the FTSE100, which includes Evraz. We may not live in Brazil or Russia, but in this business world of no borders, we are all intertwined, and actually something in Brazil or Russia, or Ukraine DOES affect us all

kong1;

I haven't , have no intention of, ridiculing you. I treat people online, the same way i would do if they were stood in front of me. With respect..

I never said i was right, you are wrong, what i intimated was that your viewpoint was quite narrow/naive. Yes.

You are a bit behind the Abromivich thing - if you had bothered to go back a little through the posts, you will have noticed that he changed his shareholding here from a tax haven company to himself in Russia 2 days before an ingression. A charitable action i doubt.

I have seen not a single govt pressure on BP to divest; yes there is a lot of noise, but that noise ignores both that we (not necessarily UK) as the EU need that output from BP's involvement, and also the influence that that shareholding, that western expertise within that business that BP's holding is leveraged upon gives financially to Russia's fiscal day to day.

Yes, i do agree an investment, short term here is a bit Russian roulette; long term i have no doubt in it's provenance, it's deliverability.

What id don't agree with is that i am trying to have a pop at you; never; i've questioned your post, i've not belittled you. I don't agree that your intimating a pop at my rather than my posts, their content.

Happy to respect differing views all day. Every day. Not happy to have attacks on me dressed up as comment.

cleverthoughts; a balanced consideration of value

urraca; to quickly answer your question my post, from EVR demerger doc:

If you go back to January and pre EVR fall, and pre RASP rise, EVR's holding in RASP constituted ~25% of EVR's market cap; figures from the demerger doc state that RASP reflected 10% /18% / 5% of revenue/EBITDA/debt respectively of the group.

kong1;
"The EU has just announced new measures to try and paralyse Russia’s main banks to stop the flow of money going in and coming out." And?

"Abram I have had just put Chelsea into a charity ?
Why has he done that ?" I don't think for charity, do you? Done for political persuasion rather than charitable good. Has it been done freely or with caveats of ownership at some future date point?

"To say nothing will happen and all is well is a very dangerous thing to say, the share price would still be £6.00 if everyone thought like you."

I didn't say nothing will happen and all is well. I'm happy to engage but please give me the respect of responding to what i have actually stated; do me the respect of not representing your stance as mine.
"The world trying to bring russia to its knees finiancially and it is very very real ,
only someone stupid to think otherwise !"

I didn't think any of this, and certainly didn't write/state any of this.

Happy for an opinion, a differing opinion; if you have oey, glad to see it, rather than a jaundiced attack on those (me) that proffer a valid discernible one.

blueberg; thanks your great insight/contribution. We are all better informed for such. I'll be buying/selling acordingly at the first oppurtunitty. Not.

kong1; i think that's a delusionary desirous post. To negate that business will find a way where politicians don't, is ignorance of a great order.

urraca; read the previous posts, previously answered questions on what percentage RASP constituted and therin you will be able to make your own judgement.

SWIFT should happen but i doubt it will; gas/energy wise, Europe is hostage to Russia's supply but within that Russia's income is also reliant on such supply. It's high level poker on that....

to give example, explain my previous rant....

Welcome to new posters/ investors, irrespective if you are trading for a quick profit or a long term gain.

People asking about the dividend yield - the dividend date are easily and freely available at dividend watching sites such as dividenddata/dividendmax. You have access to the internet, google them. Posters within going down a screen have posted such.

People asking about the RASP value, it's value within EVR/it's impact now divested/ what it constituted market cap/profit wise go back through the posts ,admittedly a lot now because of lazy posts, but only about 2 weeks ago when someone asked such a question; a question i answered, referencing EVR's divestment document, which stated what the constituents of EVR steels and EVR coal (RASP holding) were to the group, debt/EBITDA/earnings percentage wise. Subsequently the poster i answered suggested that coal disproportionately was more profitable to the group (suggesting lower ongoing EVR profits going forward without), and did so because their EBITDA contribution to the group was greater than their constituency of the group (hence more profitable). Personally i disagreed on this as i felt RASP was 25% of the value of EVR hence should be delivering 25% of earnings/profit. That is the value of non lazy posts. Someone will guide/inform you, my original posters response gave me a greater awareness, made me think again/question my stance/understanding of profits.

There are a lot of generous of time/knowledge people on here. Use such. Don't abuse such. Ask an unanswered question, you will invariably get a great answer. Before you do such, read the thread, use the information sources out there. If your default is not to do such, you should default to putting your money in the bank.

One of the first things i do, when i'm reaching out to others who i hope are more knowledgeable than me on a stock, to answer something i'm unsure of, because i'm new, is to read back what has been recently posted. If i'm thinking, what is the dividend date/yield, i'll look back a few posts, and invariably a longer term holder/follower has posted the answer.

I'm all for people reaching out, the very knowledgeable sharing that knowledge, and acknowledge receiving such, but please stop being a lazy feccker and expecting others to inform you when you could have informed yourself. If you don't know how to find (the vast majority) of questions asked here - "what's the divvy date", your a divvy that really shouldn't be investing here, or frankly anywhere.

This, and any large stock board, is cluttered by lazy people asking lazy questions, expecting effort on the part of others they are not giving of themselves. Read the thread. If your question isn't answered there then ask you question. I find you get a great answer, someone with useful insight, detail, reference.

I was waiting for this deal since first announced they were interested. Like many, a little considered at the radio silence for so long/lack of news, but really reassured, indeed impressed, with the presentation, it's detail and professionalism.

Personally i think it's a great deal, well structured. I read the presentation first, not this board, and i think if many posters had done that there would be less concern/misunderstanding/naysayying on here.

But like everyone, i'm thinking about the detail. Does the execution date stated (is that really right?) mean we've bought this whilst being entitled to a years worth of production (income) at these 6 month considerably elevated oil prices? Surely that makes the headline purchase price considerably cheaper? Stated no recourse to a capital raise is a plus for me, as is the stated ongoing commitment to their dividend policy - i do expect an inline divvy declaration shortly.

Concerns to me reading the presentation, and i confess i don't have a scooby about field life, the rise/drop curve on production within field life, i note that a lot of these purchased stuff has been running for a long time, and some they document have considerable drop off (to my mind imminent depletion). Yes i note the potential upside of some under developed prospects within these rights, but i'd appreciate views on whether we've paid correctly, what the ongoing production/yield timeframe here is, or whether we have over paid on historical but quickly reducing output, albeit that half the ouptut at todays spot price is worth the same..

Big fan here, think there is lots of potential, but would appreciate comments/ a steer on the technical stuff i don't get - for instance what is that production worth over it's lifetime at say $80 bbl and how does that correlate to what we have paid, on a worse case basis?

If you follow this type of stock, like me you probably think the large NAV discount has got to correct at some point, a large equity gain to be had; my experience in reality is that it doesn't materialise, and certainly not in a short time period. I don't think thats because of an ignorance of such, of shareholders, more an acknowledgement, a security to deliver the ongoing yield.

a lot is to do with tax, look at where all these sort of companies are domiciled (low/tax free jurisdictions), and that the professional (already rich ) people/orginazations at the heart, with large shareholdings want dividend income rather than growth capital gains, as generally taxed lower. I'll give an example.

I'm invested in LIV a small cap in this sphere; noticed the considerable discount to NAV, noticed it's considerable consistent cash/profit generation, and it's at that time large 7% dividend. I also noticed its considerably large single (owner) holding. People have differing views on a large controlling ownership of any Co - some think it shows aligned interests, some (like me), worry that if at a considerable NAV discount, they can low ball the Co private at profit at small investors expense. Despite my reservations, i took the view that that major interest would at some point want to realise the NAV difference, in the most tax efficient way to him - dividends, and as a shareholder i would benefit too.

For 2-3 years I was around 15% underwater equity cost wise, the divy making it equallish; the last dividend shot this into the profitsphere for me (i look for 10% pa growth across growth/income stocks), as the major shareholder did what i suspected - took money out the most efficient tax way possible, dividends; yes the NAV discount has fallen, it is still seriously high, and it barely took out the cash sitting at hand, forgetting its ongoing margin (profit) generation. These sort of investments aren't meant for the private investor, they are very much set up to provide tax efficient divvys rather than less onerous capital gains taxes for those already beyond allowances, high net worth people, hence i don't think you will ever see notable capital gain/SP appreciation. My views, and this area is risky if you don't research them, but i ave and happy to ride their coat tails. In summary, in this sphere, i don't think you will EVER see the NAV discount realised at one point in time, so no quick buck, i do think these discounts will be realised slowly but surely for the patient by way of yield. Sorry if i'm going on!

Hi Scandi; ive been in this sphere about four years now, and your SP movements pretty much mirror mine; i find there are quite distinct differences between the UK listed (irrespective of currency) and US listed stocks. Herewith my observations.

UK listed - low liquidity, large spread, relatively small market cap, minimal SP movement either way (ie no SP growth), consistent constant dividends, generally at considerable NAV discounts. Ungreedy incremental margin/profit generation. All dropped massively Covid day 1, all gradually restored to circa previous levels. Notable the minimal change to Ukraine events. Difficult to day/short term trade. Don't see ever really appreciating SP growth wise, as the growth is effectively paid out in the sustained high divvy.

US listed - high liquidity, zero spread, larger market cap, large (often 5% plus) daily SP movement either way ), consistent but constantly adjusted dividends, generally at notional NAV discounts but potentially illusionary as dividends often paid from income not profit (hence reducing SP and NAV with each divvy); dived at Covid day 1, never to recover previous heights, and in some instances requiring considerable retrenching to remain going concerns (IVR a perfect example); highly sensitive to not only macro but wider economic/political events, reducing both on US interest rate rise indications from December and the Ukraine conflict, and on the mood of the general market on any given day; often included in various ETF's be they housing/REIT/high yield ETF's and due to their liquidity/market cap very much on short traders radar (in my opinion a factor in the frequent high day by day SP rise/drops). Most are lowly rated by brokers, most have a substantial part of their business (in the mortgage loan stock area i'm invested) ultimately guaranteed by US Govt. Very day tradable - can move 5% within a day that the SP closes unchanged. Volatile. Currently at year lows, hence the eye wateringly large yields (especially for the US).

Generally speaking, despite the nature of what the UK and US stocks do as a business, i don't consider the UK stocks risky at all - i watch none of them daily, only monitoring their frequent updates/newsletters to check my original rationale remains. All were bought and suffered an immediate SP loss due to spread, all are equity equal or more now, all have thrown of large divvys that ive diversified into boring predictable 5%ish stocks.

The US stocks i do monitor frequently, i do consider risky, all are down SP and equity cost wise, but not when including the large divvy throw off and are still (currently!) positive/accretive. I do think they are all oversold.

I do prefer the UK stocks. The NAV discount brings comfort, and for the patient, at some point that will be realised and a bonus beyond the high yield will be realised.

As for REITs, some within this sphere US wise are REITs; i have a number of UK REITs (warehouses/GP surgeries) like their 5%i