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Wolf, NA here the link :
https://find-and-update.company-information.service.gov.uk/company/08311287/filing-history
Formal audited report. Auditor is from US and approved by FCA.
NA made 620M USD Ebitda in 2022
Andrey,
Based on what people write, you see that we are all legit investors in Evraz. We dont believe what you say, people clearly see what you try to do.
We waited 2 years and will wait for the final solution. Try better to look for a other business you like to invest.
Have a great evening
Andrey; RASP is trading and the value is only for RASP already 2$ in evraz value … RASP is a public company
So not sure what you are talking about … you realise that nearly all Steel Companies in Russia are back close to the SP before the war ?
I know but you not consider my points.
So i feel extremely comfortable. Again my view here is thag you have an own agenda and try to get so many shares as possible for a steal price …
Alone RASP has a value of 2$ in evraz share value! And you want to pay 50% of that and get Evraz Russia for free on top!
I understand what you do. But dont think many believes you
Yes; Evraz will follow the correct way and apply against the decision in court and yes i assume a compensation package will be calculated for those can receive any benefit.
But going back to my original point. Evraz is highly complex politically connected up between Russia, UK, US and Canada.
Majority of the bonds are owned by Russian / just little will be allocated to be paid by an NA Sale.
I personal think it would be way cleaner to sell NA, pay off the non russian bond holder and buyback the non russian free float before go ESO. Would be a clean cut
Thats wrong - i was engaged in 5 OTC exchanges personal. You are not the only buying! I think some wanted to sell because of financial challenges, most buyer see the longterm value of Evraz.
Nice to see that you know Roman personal, had never the chance to meet him but think he is a person with a huge heart. Gave already more than 5B$ to charity and hope he can get the Chelsea money back / not ok to force anyone.
Thats one of my key points. RA is well known and not as thieve but as smart and legit business man. Cant see him be part of stealing from ordinary people. I do understand when the offer in the end is not at 100% value but still way north of 1$.
I know the law really well. Also not mix 300-400B$ worth of state assets with oligarchs asset or our situation. Different cases.
If you ask Evraz , you know what there strategy is around Eso.
Maybe you should ask, so we can safe time here and are at the same level of understanding.
Andrey,
POG is a total different topic. POG could not serve the loans due to sanctions and was sold off. A business with way too much debt. You compare banana and apple.
Look Into Poly gor example / that went well.
Look into Yandex , even at 50% a good offer.
50% of Evraz now with 2 years all profits maintained as not divi paid is even with 50% rabat 5$ worth.
Andrey you deramping here driven by your own interest. Fact is that non russian shareholders even at a worsecase will have enorm value. For sure the case you explain with ESO, russian holders gain more value. Thats ok if this is the route to go.
Also one point you never mentioned. The ESO law has 3 important points:
1. Identifiable Beneficiaries may receive direct divi (those are not Russian in this case) - need court approval
2. Divi which cant be paid out will be accrued (not parked on any C accounts) and paid at later stage
3. The ownership of the Russian assets are only deactivated not lost. Its like a mirror concept the ESO setup.
Best point is that Evraz is a Uk registered company and by law the ownership is structured like this. I understand that every country can dictate there own law and rules. Lets not forget that Evraz NA is still part of PLC and 80% of bonds are russian owned.
In principal its more a political negotiation and fair value concept will need alignment between the Russian gov and UK (FCA) . So far have not seen that Russia was unfair around economic outcomes! Personal have many Russian friends too.
As well RA is a legit billionaire and Entrepreneur. Wrongly sanctioned 5-7B USD in Uk of his fortune. Think further all those points are in the mix.
There will be a fair solution coming for all of us. Also RA to get his Assets back! We like him here in UK - to me a legend.
Andrey,
Thats ok. Your view, but again i see it differently.
1. Close to 80% of bonds are russian owned. Only 300-400M USD are with west holders.
2. A business has its time to develop. The last 2 years performance count and a forwards projection. I think you are aware that Pr. Biden just signed a 16B investment in speed train tracks … guess who deliver them.
3. Clearly you dont know evraz that well. They are nearly NETDEBT neutral. Rasp paid of all there debt and has 600M$ cash ready for divi. NA should be around 350-400 debt by now (only). Most debt are the bonds which owned close to 80% by russian.
Overall it looks really well for western holder - way above 1$ value! way above.
Andrey,
I really appreciate that you would like to buy Evraz shares for a steal price of 1$.
Let me bring a bit light into your thoughts …
Evraz PLC has in addition to Evraz in Russia, Kaz and Czech R. / RASP in Russia an Asset in North America which made a whopping 620M$ Ebitda in 2022.
Even there will be a forced move to Russia the compensation paid and fact that Evraz NA is a mult billion asset and that way over 50% of bonds are owned by russian holders, you should really quick conclude that whatever outcome it will be, non russian shareholders will stay with a value way north of 1$ what you offer to people.
So just make sure next time that you reflect the situation 360degree and not scare people with a story where the most important facts are missing!
GLA
Https://x.com/abc202324/status/1723024679835701562?s=46&t=p-fBnvpF9tMFyB57eUoEZQ
Yes looks like we had a strong 2022. Likely slightly less profit than 2021, due to some higher tax charges/currency effect
Evraz NA: 620M USD EBITDA
RASP: 1295M USD EBITDA
STEEL: like by like 2021 maybe?
2021:
Evraz NA: 321M$ (6%)
RASP: 1292M$ (25%)
STEEL: 3609M$ (69%)
Also some strong news were communicated for 2023 Steel section:
predicts a noticeable increase in domestic steel demand in 2023
According to the forecast of EVRAZ experts, domestic steel demand will improve in 2023 - due to the engineering industry and the implementation of infrastructure projects.
"To about 50 million tons, add 6% compared to last year - steel consumption in Russia will increase in 2023. There are more infrastructure projects in the country, mechanical engineering is actively developing, and there is also a delayed demand for 2022.
.. How the demand for steel products is changing in 2023. Flat hot-rolled steel will grow by 20% - due to mechanical engineering, railway engineering, construction. Pipes for construction - by 26%, large diameter pipes - by 15%.
How the demand for EVRAZ products is changing in 2023:
beam: +16%
style: +13%
circles: +18%
rails: +10%
For 2024, EVRAZ experts predict the preservation of the volume of steel consumption this year.
According to EVRAZ experts, against the background of rising rates and adjustments to preferential mortgage programs, the demand for valves and shaped rolled products may decrease, but other tools to support the construction industry are likely to be introduced. Mechanical engineering will develop through import substitution of equipment.
In the long term, the pipe market will be supported by the construction of new gas pipelines. There is also a likely scenario when import substitution and localization in mechanical engineering will face the pressure of new suppliers from the East, as happens in the automotive industry," the metallurgical company reports.
I thought it was the case … couple of thousand dividends and than you call me a small investor… ok
If you would care about the company maybe invest time and find out of progress. Accusing someone of lying who invest since 18 month its time to have regular chats with Evraz formal channel and than saying you care about this company.
Maybe think more a out what you actual write here.
Have a great UK bank holiday
Just trolls and people post negative stories are left here. Like non of you guys are invested. If you were, you would take it more seriously.
Secondly who forbid to speak to the formal channels of Evraz?
But i can see based on all your past posts you guys are clearly a troll team.
Anyway in case you are invested, good luck to us all.