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Andrey,
You not listen ?
This is intercompany debt structures in place to balance tax efficiency and created many years ago. There is no EXTERNAL debt connected to the 4B between PlC in UK and SA in Luxembourg.
The debt profile is clear defined:
1. 1.1B$ Eurobonds
2. 1.75B$ NET DEBT (Evraz Russia)
RASP and NA are NETDEBT negative so you need to reduce this from the numbers above …
Andrey … there is no external connected to the SA component. This was created at the time of move from Luxembourg to London Exchange
I am not the uneducated one here.
Evraz total net debt is now around 2B in total. Way better than H1-22
Andrey,
Intercompany (virtual) debt is an accounting subject and taxation one.
Only external debt has relevance
1.1B$ Eurohonds left
1.75B Evraz Russia (Net debt)
RASP is positive Netdebt
NA has a positive Netdebt (only intercompany loan 500M)
Total NETDEBT will be way lower than Eurobonds and Netdebt Russia together
Caan nice to read that you met him. Also interesting, as its sounds that the deal was not going ahead.
Evraz as company is doing really week we did over 4B$ Ebidta in 2022 and over 3B$ Ebidta in 2023. Company paid over 1B debt off since begin of 2022 and will pay in 2024 more debt off.
Brilliant time
Nothing happened like ESO - they would need to communicate like X5 did any change.
Fact is that the asset balance of Evraz Group is now way better than H1-22.
AGM will show the way forward
All numbers are now in 3 reports available.
The facts i wrote before… clearly you have no idea from accounting …
No ESO is coming and the AGM will reconfirm this.
Looking forward to the AGM
Brilliant now we have more elements of the puzzle:
Evraz and Rasp 2023 ebidta are: 2.14B + 0.68 (93% would be 0.63) = 2.77B … including NA we should sit above 3B.
Based on the results we can already assume that additional to the capex we should see on 31.12.23 an increased level of Inventory. Evraz is doing well when you consider back in 2018 we did 3.5B ebidta and had 3.5B netdebt and Shareprice was 5 years ago in 2019 £6.4.
My view on Group Netdebt is simple :
1.75B$ Evraz Russia + 1.1B$ Eurobonds - cash ready to be. Paid out from RASP 800M - NA as its debt is only intercompany and cant be counted double it will reduce actual NET DEBT slightly. We should sit slightly below 2B total NET Debt.
Evraz is doing really well.
Rest we hear at the AGM soon.
Andrey not sure why you still repeat your story. People can go back and deadline was September, than October, than December and final list is out and Evraz isnt on it.
So far all you said is just made up in your head. There many other companies would become more likely an ESO than Evraz.
Soon AGM.
Evraz was posting it earlier about why it will not become an ESO. You use only fear that menthal weak people selling to you. Seen in several chatgroups now warnings people speak out about you. Thats fact
Amazing to see SP difference
Last time Gold peaked PAN was at 20P and now again above 20P.
HUM was 20P now 6.5P - for sure diluted by 40% via placing but should be 13-15P now. Share is at a bargain level and 1 good RNS bring back onto direction of 20P really soon
HUM has already a plan b for both mines who could take over.
Via contract they are correct and play hard balls now … expect that balance sheet looks strong as contractor only paid against delivered outcome.
Change of contractor in both countries could an excellent move for us. Gold on mega run and shares cheap like crisps now
Fill your boots
Andrey,
ESO will not happen simply as its all extremely complex setup. The 4 Sanction Oligarchs have 8B USD frozen Assets in west. NA also need to be sold first too. And has to be questioned if its ever sold or we likely stay as a company.
I not stop anyone selling their shares but not listen to your scary movie stories here. We all know that evraz and rasp are not included as the situation isnt easy.
Fact is your ESO , end of the world scenario not happened. Thats what you promote here and say buy shares of you for a scam price. Now finger pointing to individuals, what a shame.
There is NO and NO evraz and rasp on the ESO list. This works out for us completely differently! Soon you see the solution.
The Russian government has approved a list of economically significant organizations (EZOs) from different sectors of the economy, RIA Novosti writes with reference to the document at their disposal.
It is reported that this list includes six companies: AB Holding JSC, UNS-Holding LLC, IKS 5 Corporate Center LLC, Akron Group JSC, City Supermarket LLC and Arshanovsky Razrez LLC.
It is worth noting that the status of EZO entitles controlling shareholders to transfer shares and shares of the company owned by foreign investors from unfriendly states to Russian jurisdiction, as well as to receive dividends from them. Due to the sanctions imposed by the West, companies without EZO status do not have such a right.
To exercise this right, it is necessary to submit an appeal from the authorized executive body to the arbitration court with an application for suspension of the exercise of corporate rights by a foreign holding company in relation to an economically significant organization. Depending on the direction of the company's activity, the Ministry of Finance, the Ministry of Industry and Trade and the Ministry of Energy may submit such appeals.