Member Info for DividendNomad

Jerry004, maths may not be your strong point but there are things called calculators these days, you just punch in the numbers and it spits out the correct answer. Try it out by punching in 103.5 and then multiply by 0.9, you'll be amazed at the answer.

It's this kind of price manipulation by market makers and institutions that proves regulations need to be put in place to make it far more difficult for them or even ban them from calling an opening price at all. Currently they have complete power to call the opening price without providing any justification whatsoever, who benefits? It needs to be stopped and the market opening at the same price at the previous days close and let the general market move the price accordingly.

@nicknaim,

Your dividend yield is based on the price you paid for the shares, the current yield only applies to shares purchased at the current price. As with every share the yield is inversely proportional to the share price. If you bought cheap and have now sold due to the reasons you stated you have made a pretty stupid error.

Been in this stock for almost 12 years hoping one day it would come good and just when things started to look more promising they sell the company lock, stock & barrel for essentially £11M.To end the story as a shell company with £11M and no other assets and no viable cash generating plan in place

@TopFCA, so much for your hopes of a positive outlook! better sell now before the SP drops even more, especially if this 10 cents/share carries to the next quarter.

So Energean lost 41 days production which resulted in a 29% reduction in total revenue and an EBITDAX down 34% and a Q1 declared dividend of 10 cents/share, a reduction of 66%. This obviously didn't impress the market as the SP barely moved, so the question now is, are future quarter dividends also going to be reduced to 10 cents or is this a one-off and the dividend will return to its 30 cents/share level? My take on Energean is that it's a fairly risky share and only really viable at the 10%+ yield, 10 cents/share dividend will only yield an annual return of 3.3% which is not acceptable.

I think the BoD would like some upward share price momentum, and they know a dividend cut will be a negative impact.

@snudge1234, the short suspension in production hasn't actually cost them anything, it has only caused a blip in deliveries to the onshore storage facility. ENOG has contractual gas supply agreements and as long as it can fulfill those obligations then annual revenue will not be affected.

Thanks @pj70 and @TopFCA

You have both actually agreed with my assumption that if the political issues are taken out of consideration then ENOG is currently a very good "BUY" recommendation. However, even taking the political issues of the region in to consideration the only asset that could be impacted is the FPSO, all the remaining assets are underwater (there is no pipeline or static surface facilities). As with every share purchase there's always some risk attached to your buying in price, so as you stated it all comes down to how risk averse you are. My opinion is that Iran would not authorise a strike against any of Israels O&G production facilities as they know the consequences for them would be catastrophic. So I am going to keep watching for now and if it hits £8.20 I will definately use my 20 grand ISA allowance to have a punt.

Been watching ENOG for sometime now, saw it drop from its highs of around £16 to where it is now (almost 50% down) and yet other than political unrest I can see no fundemental reason for the drop, the business is as strong if not stronger than it was when the SP was £16. Putting the politcal issues aside and looking at the actual business side with the excellent dividend is now the right time to buy?

Jotum,

When are you going to understand that this is a not a forum for airing political opinions, name blaming, or trying to ridicule other posters? This is a forum to discuss matters pertaining to Evraz PLC share holders and the issues that affect the value of their share holding. Daniels question was a legitimate one inline with what the forums objectives are, and deserved a response in the same vein. Yet you seem to think that you have the right to ridicule him and imply that he should be quite happy to lose everything in support of UK sanctions against Russia and for the alleged benefit of Ukraine, how utterly perverse. Are you really an investor or just a sanctions supporting, Ukraine flag waving troll??

Daniel Couldn't agree more with the compensation element. However, the reality is that the government will claim that the action was taken in the public interest and that it was a legitimate action under the laws pertaining to sanctions. The only legal recourse possible is if it can be proven that the government took the action without consideration of the financial impact on UK shareholders.

@DanielC43R,

It maybe better if you make you post more specific in respect to how you perceive this applying to investors in Evraz PLC. But I think the part "unless it is in the public interest and according to the conditions provided by law and international law" kind of answers your question.

@Pitterpatter,

It's pointless trying to have a rational dialogue stream with him, no matter what advice, facts or evidence you provide he will always come back on the defensive because he is not intelligent enough to actually understand the implications of the points made to him. A case-in-point is when I asked him "why is the Russian government purportedly allowing UK citizens (which it classes an unfriendly country) to partake in obtaining a stake in a newly formed Russian company, who benefits?" the best answer he could come up with was "Why did the ESO law allow citizens from unfriendly nations to participate if the aim was to steal the assets?" although he didn't realise it, he actually answered my question in his response.

Like I said it's futile trying to make a case, he hasn't got the mental capacity to actually take the points onboard and do some due dilligence. Thus this is my last post on this issue.....like he said we'll see what happens when Russia decides its had enough and starts dialogue to reach a peace settlement.

I dont know whether you are deliberately being obtuse or whether you are truly incapable of seeing the reality of doing what you have done versus retaining the Evraz PLC sharecertificate. So to make it very simple and crystal clear for you; the option of transferring to NTMK PJSC is in total violation of UK sanctions law. All UK banking institutions are now required by law to report all transactions originating from Russia (with many banks refusing these transactions), this is not temporary. You have zero knowledge of, or jurisdiction over your alledged holding in NTMK PJSC and zero guarantee of ever seeing any return on that investment. Even if the NTMK PJSC investment works out and the type C account restrictions are removed you will still find yourself in a bureaucratic minefield, if you can actually find a way to repatriate funds the costs involved will be extortionate. On the otherhand those who have retained their Evraz PLC share certificate are 100% guaranteed to be able to use any loss to offset capital gains tax, based on the closing share price at suspension that is worth almost £10k in hard cash to me. It is also 100% guaranteed that a condition of removing the sanctions will be the return of all seized assets and all Russian court rulings overturned, thus NTMK PJSC will become the empty shell!

Just ask yourself this; why is the Russian government purportedly allowing UK citizens (which it classes an unfriendly country) to partake in obtaining a stake in a newly formed Russian company, who benefits?

How the hell am I cherry picking? I have laid out the facts clearly and concisely. It seems your are totally blinkered to the reality of what you,ve done. One thing that I forgot to mention is that if you can actually find a way to facilitate repatriation of your funds the attenpted transfer will be flagged and blocked by the UK banks.

.......gains tax, so at least I will get something out of it, you on the otherhand are very likely to get nothing!

Yes your right I have all the answers to my questions as I got advice on both options from my company's auditors, who are a major international corporation who also broker for institutional investors and fund managers. The point of the exercise was to see if you can give the correct responses to justify the position you've taken on advocating the PJSC EVRAZ NTMK option!

Point 1. You didn't answer the question - why is it still sanctioned when you claim it's just a shell with no assets and debt laden?

Point 2. Please provide the detail as to where they informed shareholders that Evraz PLC is a dead duck? Also this is nothing to do with either, giving advise, nor individuals, but rather providing any options that are available and can be persued at the individuals discretion.

Point 3. Pure waffle, either answer the question asked or admit that you don't know. And yes I would certainly like Martin Lewis to explain.

Point 4. No I am not trying to make a point that you don't have UK legal protection, the point I am making is that you don't have any legal protection at all. And when things eventually get sorted and sanctions lifted part of that process will be the return of siezed assets and asset swops, Evraz PLC shareholders will have the UK government acting on their behalf, those who followed your suit will have no one representing them as you effectively broke UK sanction law. As to part B that you want to ignore, I'm not surprised, who in their right mind would engage in an investment with an unlisted company and have no idea what their investment is actually worth. In response to your reply regarding type C accounts, it is highly unlikely these will ever be entirely removed even after sanctions are lifted, the conscensious is that you will only be able to trade using a Russian principal.

Point 5. You have just exemplified, either your naivety or stupidity, by entering in to an investment structure in a foreign country renowned for its high level of corruption and asset theft without any knowledge or means in place to ensure you can actually operate your investment or to repatriate your funds.

Point 6. Again failed to answer the question asked. And yes you can sell your shares back to the UK company during the trading windows that are set by the company.

I think based on your responses you are the one who's being ridiculous, you obvisously went into this without any due dilligence or professional advise, you have no idea what your investment is actually worth, you have no means at all to mange your investment and you have no vehicle in place to be able to repatriate any funds. If you had sought professional advise and looked at what the major UK investors of Evraz PLC were doing it would have been made very clear to you to not go down the very high risk, bureaucratic nightmare route of PJSC EVRAZ NTMK.

Like I mentioned previously I wrote this down to a zero value on my balance sheet and if all else fails will use it to off-set capital g

@Truth_Hurts, please try and answer the following questions without any AI assistance;

1. If what you proclaim regarding Evraz PLC being an empty shell with no assetts then why has it not been removed from the official sanctions list to facilitate delisting from the LSE?

2. In accordance with UK law and the FCA code of conduct for UK listed entities, any such entity being aware of any event that would or will have a detremental effect on shareholder value must practice due dilligence and immediately inform shareholders of said event. It must also advise shareholders what course of actions are available to them and the risks involved. Why have Evraz PLC not done this?

3. Where exactly has advise been published by a reputable authority stating that it's in the best interests of existing Evraz PLC shareholders to transition their shareholding to the Russian entity PJSC EVRAZ NTMK?

4. As PJSC EVRAZ NTMK is not currently a listed company on the Russian stock exchange but rather a private entity, what legal securities do you have to;

a) Prove you have actually been granted shares in PJSC EVRAZ NTMK commensurate with the holding you held in Evraz OLC?

b) Verify the current value of your shareholding in PJSC EVRAZ NTMK?

c) Confirm that you can trade these shares once PJSC EVRAZ NTMK actually lists?

5. Explain how you will actually trade and receive dividends for PJSC EVRAZ NTMK shares once they list, which trading platform? Which Russian bank acount will you be able to open without actually travelling to Russia with all the required documentation proving your address etc. in Russia?

6. If I hold shares in a private company in the UK I have the option of selling those shares back to the company, usually at set times in any one year, and at a price determined by the company auditors. Do you have the same option with PJSC EVRAZ NTMK? if not, why not?

@Pitterpatter, well said a set of intelligent and cognisantly scripted unbiased posts.

@ Truth_Hurts, you are the epitome of the person my post was referring to; you keep reiterating to information you have gleaned from social media sites and Russian biased media outlets but cannot when asked provide any credible supporting evidence. When challenged to provided factual undisputable evidence to support your claims you fail to do so, why? I'll tell you why, it's because there is no official source that provides credible evidence to support the suppositions you so desperately try to proclaim, not even the official Evraz PLC website supports any of the suppositions you claim. I rather gather you panicked and followed the advice given by individuals in the Telegram group and are now desperately trying to defend your position, by trying to assert that all those investors in Evraz PLC who did not follow your suit have, in your opinion, made the wrong choice. So in all fairness to you and the position you have taken please enlighten us Evraz investors as to the pros and cons of the two options; oh by the way, please provide credible justification to support your claims!