What a stupid comment......it's a bit like saying some of the fuel in your car may have come from Russia, of some of the gas you are using for your central heating may have come from Russia.
Of of all stocks on the FTSE100, this has probably the best set of fundamentals. Russian link (and potential implications) is the only major factor driving the panic selling. Still some degree of risk, but 6 months down the line, the current SP will look like one of the best bargains out there.
RE: Where is Evraz based? Answer below - block out the noise1 Mar 2022 13:22
It's only registered in London - main shareholders are Russian. Core % of operations are in Russia.........that's the reason why this had tanked. Anything associated with Russia will be toxic for a while hence the massive sell off recently.
Freedom4Uall......it's British registered, that's all. It was founded in Russia, it's primarily owned by Russian Shareholders, it's core revenue originates from Russia.........that's why this has tanked. Has great fundamentals, but if invasion continues then there could be further falls to come.
This one is hard to call.....you will either make a lot of money or lose a lot. Fundamentals are great, but politics will decide where the SP goes in the medium term.
The drop was dramatically overcooked, but somewhat understandable considering main customer base is primarily Eastern Europe. I'd expect the SP to climb back to above £40 soon (as long as ole Ruskie madman doesn't take this further).
......"its also worth checking which platforms loan out shares. if your platform does, use another one
All of us PI's need to stick together!".......NEWSFLASH......BOO is being targeted for a reason, hence the crash in SP. Are you really stupid enough to think anyone's comments on here make on iota of a difference to the SP?
Flyer....."We'll probably see a migration away from 'safe stocks' which are no longer 'safe' (e.g. banks, airlines) to shares which are truly safe like fast growing apparel companies with no exposure to Russia/Ukraine.".......if you define 'Truly Safe' as a SP which has dropped from £60 to £18.
You wouldn't be saying that if the SP was rising......sadly many PI's kept on topping up/averaging down whilst it was obvious it has been played. BOO has been targeted for some genuine reasons. Some investors just get carried away and keep on buying because the SP appears cheap........it's cheap for a reason and it may get 'cheaper'. Some PI's are just too blinkered and then start complaining when the SP continues it's downward trend. You may as well of chucked your cash in a slot machine.
Anyone betting this won't see the 70'ish range soon?23 Feb 2022 15:23
It's anyone's guess......I have some degree of sympathy for those who bought £1+ thinking it was a support level......but it just keeps on diving. Must be painful to hold this dog.
Some classic comments on here over the past few months....."I've just averaged down", "Cheap as Chips"....etc, etc, whilst every week holders just see their 'gamble' continue to slide away. This still probably has further to fall whilst the Hedge Funds keep on attacking. Will be interesting too see just how low the SP can fall to. The 'gamblers' over the past 3 months have certainly lost out.