Member Info for Davidspellacy

You need to read the company RNS’s but as the majority of uk shareholders can’t hold the RASP shares they will be sold over the next 6 months and monies returned to shareholders.
This from an amateur investor

It’s not crashing as such , whatever it falls on open should be covered by the issue of the RASP shares , in theory. It’s no different to when a company goes ex-divi, same principle.

Damofari.
No major shareholders have sold any shares, if they had it would possibly have dropped the price. The number of PI’s is reported at about 50m, about 3% of the company, so if they all sold it would cause a nigh on 30% fall, I don’t think so.
It’s the fact that you believe that the fall has already been accounted for when the company has stated that this will happen on the 14th , there’s no logic to your reasoning.

I’m not sure why various posters on here are stating that the drop in the SP is due to the demerger value already being deducted. It doesn’t work like that. The fall is purely normal market fluctuations triggered by worldwide events eg Ukraine.
Below is from the RNS 3rd Feb, clearly stating that the reduction will occur on the 14th Feb also that the value of the deduction has not been determined/notified yet. I believe this value will be an average of the RASP. price over a certain period, not today’s spot price.

Evraz is expected to trade ex-entitlement to the distribution on 14 February 2022, with the election deadline to receive shares .

With regard to the value of the RASP shares that need to be sold and monies returned to shareholders. You won’t receive £1.90/share, you will receive the average selling price over the next 6 months less broker and admin fees, it could be more or it could be less.

In the last 50 trades shown on here 90% were auto trades, so I don’t think the bots were buying for the divi

Perenco conspiring to prevent first gas for IOG???, more than a screw loose, a whole box of them.

Clued.
I know that I can put a claim in but it’s purely my own fault for not checking out the WTH prior to investing, I haven’t made that mistake again. You

I don’t need to filter anybody, no point, very childish action.

If you keep posting constant rants on one subject I will keep responding.

Simple solution though for all of your problems, sell up and move on

You’re like a stuck needle with what works were being carried out over the Xmas period, what’s done is done,give us a break.

I had this with IAG a couple of years ago, Spanish held 19% WHT. I did complain to HL that where there is a div yield displayed that they should also note any WHT. My responsibility to check was the response.

What about the withholding tax on the DEC divis, not quite such an appealing divi after all.

Not as good an investment now with the demerger going ahead I believe, big dollar earner gone.

eviking.
All miners took a hammering on Friday so there is still time for the sp to recover. I did have my finger on the sell button on Tuesday but ended up in the care of the NHS so still unsold

Received from HL today, note the date quoted.

We’d expect the price of Evraz shares to drop to take into account the value of the RASP shares being issued on the effective date, which is currently expected to be 9 February.

jonnyrizlip.
Another way of looking at it is that Demerger day is an ex-dividend day, where the divi paid or in this case the RASP value is deducted from the share price. On, I believe the 15th Feb, Evraz will be trading at a reduced SP permanently, barring price fluctuations. I would think institutions have all this in hand and can deal with the RASP shares, whereas us PI’s are the ones who it will affect the most, not knowing the best option to take.
I ,along with you , will sell my holding within the next week or two and hold until I see what happens on the 15th.

In theory whatever the EVRAZ price is minus the Rasp price in your figures £2.05 which is approx 30%, this would leave EVR around the £4.00 mark. Correct me if I’m wrong

Eviking.
Whether it is as simplistic as this , I’m not sure. RASP market cap yesterday was approx £3.1b which is an increase of £500m since the demerger RNS, Evraz market cap is still the same ish.£8.9, so nearer to 35% drop, again if it is as simple as that, we won’t know until demerger day.

But if you sell out prior to the demerger date then buy back once the shares start trading at a reduced price then there’s no wait for money , no hassle, no worries. Which is my intention.
As Evraz normally go ex divi in March, probably around the 10th March, potentially you could lose the divi on the monies that are yet to be received to repurchase the Evraz shares, just my thoughts on it.