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I'm still confuse about this. So if I buy Monday morning will the evraz share include the rasp component? This means I'll be entitled to the profit (if any) that rasp generates?
Thanks though so, so all this talk about adding another 1.88 is ramping. I still think its worth of a hold given the depressed share price.
Given the hundreds of messages now, there is so many conflicting views.
Does anyone actually know if rasp demerger is cancelled or not??
With net profit of £3.1b and MC of £3b so PE of 1, why not do a share buyback rather than continuous dividend which I think will have a much more meaningful impact on sp.
Arguably best investment case as 1 share retired = 50% yield that we no longer have to pay perpetually.
Evraz is 60% control by 3 people, so if any of them tops up then it'll surely help soften the blow. Having said that UK is going to target the oligarchs.
As long as evraz can make a profit I think they can buyback their own shares.
They have operations in Ukraine, US and in other countries as well, so would be interested to see how the sanction will work but one thing for sure evraz will be punished.
I think rather than paying a dividend in march, rather use the cash for a stock buyback, it'll be a win win for shareholders and the company in the current situation.
I would've have exited today at 300p tbh if I wasn't in middle of a flight for work and had no internet connection.
The news are so sensitive in nature that unless someone have inside info it's a coin flip. Can seriously go either way. Having said that it has dropped so much that I'm inclined to hold and hope for the best.
Gla
The sanctions seems to be steep and will specifically target oligarchs, went from a £10k profit to a loss in a few days and probably further losses on Monday. Issue with dictatorship is that they cannot be voted out and given Putin is already in his twilight years I'm not sure if he cares more about his ego or common sense for his countrymen.
The FY result on the 25th feb should be a good one so hopefully there will be some share buyback support.
I think you have the order wrong: it's ex-div date then record date, this means the record date always takes into account of the t-2.
Some pretty good results from steel and coal makers recently, Im on the conservative side and don't expect the company to make any dividends due to current climate but hopefully instead they use it for share buybacks as we are bound to get a smacking at the open.
I don't see anything but red for FTSE and especially red for evraz tomorrow.
Hodl or sell that is the questions for current shareholders.
Russia or US, both just need to back the heck out of ukrain, we don't need another Syria situation in Europe.
Thanks that was useful but it's clear that coal is the cash cow here as it's 10% of groups revenue but contribute 18% EBITDA and only 5% debt. The recent coal price surged would've attracted gas like margins so while it's an unloved resource it makes up a material amount of evrazs dividend (dividends is paid from profits so the new evraz would still have 95% of the debt in this case). To me the coal asset is worth more than 25% of the groups enterprise value from a financial standpoint but from an esg viewpoint maybe evraz would now be more attractive to wider range of investors and therefore can command a higher pe ratio.
Despite that, we can throw any fundamental analysis out the door until we know the outcome of this Russia invasion...I can't say it's looking good right now :(
I would probably ride the BT wave. Like jpm says, there still several very good potential catalyst coming through in the next few months so I would hold for that.
On top of my mind are:
-their forecast for next year (I feel alot of the brokers are still underestimating the potential revenue due to the massive increase in their product price rise and cost reduction program
-jv with discovery negotiation finalisation (the t&c must've be more favourable than dazn so just need ink to paper)
-full year result: I think we will overperform in EBITDA, Q3 was impacted by omicron so I expect Q4 beat
-pension deficit reduction, the last 12 months has been great for the FTSE so naturally the pension would've done well and as a result deficit should be lower
All £££ sensitive and most likely it's good news.
Since q3 earning call not a single broker downgraded their PT for BT whereas several upgraded their PT.
Everyone is on the same hymn sheet for once, fy results should be a massive catalyst to 2.5! Well done all that had the guts to buy at £1 and enjoying the ride, personally sp needs to go higher to 2.07 to show momentum and hope we will break this soon.
Thanks both. So if we factor out Raspadskaya (which is another noise) then would Evraz be enticing as a standalone business (once russian troop fully withdraws).
I supposed historical dividends will drop as a result of the demerger. I think a lot of new shareholders brought in this week so like me wouldn't be eligible for Raspadskaya shares / dividend.
Hi, just wondering if anyone is willing to provide a realistic PT is things goes back to normal (i.e. Russia withdraws their troops) and then let market forces take care of the rest?
I brought in yesterday but didn't realised of the company splitting into 2 and also missed the deadline for any dividends.
So what would you think a realsitic 12 months price target in the new evraz once things goes back to normal? Thanks in advance
I topped up some more today because of the high volume.
I can see most retail shareholders selling and why not (almost 12m high, Sp doesn't appear to go any higher, got their dividends, better opportunities elsewhere etc...)
With the high volume we should've seen today's SP dropping a lot but its stubbornly not, this appears that someone with deep pockets are accumulating a position, for that reason I topped up (but not much).