The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Https://uk.marketscreener.com/quote/stock/RASPADSKAYA-13491403/news/Public-Joint-Stock-Company-Raspadskaya-Reports-Earnings-Results-for-the-Half-Year-Ended-June-30-202-44627516/
Other reports (russian) speak about 600-700M USD Divi available by end of 2023.
Cheers
Andrey,
If you would read the report in detail you know that Eurbonds which are owned 80% by Russian cover 1.45B. Than they have 300M in ruble bonds. They had 400M bank debt in RASP which is now paid off. Than 500M bank facility in NA and rest is loans in Russia.
Secondly when you sell a business you look into cash free / debt free approach. NA did more than 300M profit after tax in 2022 and will land easy another 200M profit for 2023. So by time the deal is done they have 0 netdebt.
20% of 1.45B eurobonds is only 300M adding 200M contingency into it. Thats max
The NA asset bring min 5$ for western holders …
Have a nice XMAS
80% of euro bonds are owned by Russian. (Not even 500M USD is west owned)
21/22/23 ebidta average of NA will be 450-500M$. (3 years average is normal at a deal of that size) - NA is continuing to grow in capacity produced and sold.
420M shares of freefloat are owned by non russian.
NA value on its will provide way way north 1$ as share buyback.
Its clear you see a 10$ price for the russin side … have no problem with it. But clearly you talk rubbish about the rest.
I guess your time is running out.
Https://x.com/abc202324/status/1723024679835701562?s=46&t=p-fBnvpF9tMFyB57eUoEZQ
Here is the link to the group
An Analysis i did some weeks ago and the sources (just an element of the iceberg)
Amounts invested in local Russian business and bonds:
$86 billion
The value of Russian equities held by foreign investors. Roughly $150 billion was held in Russian bonds and stocks by foreign fund managers, according to Moscow Exchange data reported by Financial Times.
https://www.investopedia.com/articles/basics/11/investing-in-russia.asp
Western companies operating subsidiaries in Russia:
Western companies that have continued to operate in Russia since Moscow’s full-scale invasion of Ukraine have generated billions of dollars in profits, but the Kremlin has blocked them from accessing the cash in an effort to turn the screw on “unfriendly” nations.
Groups from such countries accounted for $18bn of the $20bn in Russian profits that overseas companies reported for 2022 alone, according to figures compiled by the Kyiv School of Economics, and $199bn of their $217bn in Russian gross revenue.
https://www.ft.com/content/fb0ab6e1-ab45-438e-b9a1-1bc352645647
Here one example :You can download the norges bank pension fund list in summary:
52 positions in Russian Companies on Moex
2 position relating to Poly and Evraz
Examples of such positions:
- 0.96% of all Evraz shares
- 1% of Gazprom
- 2.35% of Poly
The holding is massive!
The amount frozen of foreign governments come on top.
I assume that the investments in cash, stock, funds, bonds, assets, subsidiaries will be well above 500B $ value.
Some larger foreign cash/bonds reserves from other nations are also frozen in Russia.
So there will be a need to get a conclusion. Its unrealistic that all foreign businesses from the west will move out of Russia. All frozen assets need to get concluded.
This looks rather positive for us than negative. 2024 we see our conclusion arriving.
All shareholders of Evraz will be ok.
Have a great December - GLA
Investors not traders know that the value of Evraz is north of 5$. Also no need to have an argument about it.
Understand that you see the same value from an ESO side. Others from the NA sale.
I guess we are aligned on this one
Andrey,
You speak only about the redom of Evraz to Russia but never the upside of NA for Non Russian Shareholders
The receives of the NA Sale can be only used for a non Russian element. bond and shareholders.
There are approx 20% of non russian Bond holders and around 27-28% of shareholder. Not all freefloat is owned by non russian entities.
Nucor is one of the main bidder. NA fit extremely well into Nucors strategy. Last NA based asset they bought in 2022 based on a 13x multiple of 2021 results. 6-7x is standard but increase often due to innovation, future growth.
Pay of the non russian bond component is only 400M USD - it’s obviously clear that the value will be a multiple of your 1usd offer.
I respect and understand your value but Investors in Evraz (not day trader) know the true value upfront. No need to hide this.
Which you luck to find what you look for, but make sure you say the full story.
Thats same facts as you speak about the redom of Evraz in 2024 likely.
Andrey - no one will have a financial loss. You make just things up to try to scare investors. Everyone see that.
There will be no change in 2023. Wait and watch !
Guess you should look for another share
Andrey / standard evaluation for offer accept via FCA is 1 year historic trading average. Thats here more than 6$
Have to smile 😊
And yes there was already higher offers than 1$. We are in a market where the OTC process takes forever. People selling now are mostly day trader which stuck at suspension.
Your talk is the biggest nonsense have seen for a while!