Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Yes, US market already reflecting the agreed offer price and London should follow suit in the morning
Assuming 1000 shares.Could be 2k Divi might be less might be more but you will need now to take it into consideration when considering Evraz share price for rest of year.
I agree with you David, in theory at least, however as you know markets don’t behave in accordance with theory.
Also looking at the details in the Circular it could take until October for the Rasp shares to be sold in an orderly fashion in the market.
That’s a long time for the Evraz share price to have to reflect the impact of the Rasp share sell off.
Umm! I am becoming a bit more circumspect about the whole issue and might take profits before Demerger record day which is Mid February.
To my simple mind I see it this way.
1) We will be entitled to 0.4255 of a Rasp share for every Evraz share we hold
2) Current Rasp share price =483Rub. We can assume £1 = 100Rub give or take or £4.83 Rasp share value
3) we get 0.4255 of a Rasp share so that equals £2.05 per Rasp share.
So I have 1000 shares so £2k demerger divi
All I need to know now is what downward impact will this have on Evraz share price?
Probably significant but I am happy to hold long term as I am confident the Evraz share price will see off this demerger discount and grow once in the rear view mirror?
Having looked at last 5 years charts, we got to £7 exactly in June 2019 which is the highest Evraz has achieved over a 5 year period.
So considering commodity prices and Evraz fundamentals, I think in excess of £7 should be easily achievable.
Interested to know others views as I got in at a high £2 average (287)and now beginning to wonder if bail out time is coming closer?
Sorry guys, can’t sleep!
Looking at the monthly chart, we are definitely headed towards the June 2019 high of £7.
I just don’t see what’s standing in our way!
GLA DYOR
Close 556p.
Where to now?
All charts continue to point upwards.
Is £7 unreasonable expect?
Dividend will be what it will be!
Hi LongTermInvestor,
I take your point but can you answer this for me then?
My Trading Platform wrote to me this Friday evening 12th and advised me that over this weekend that they will consolidate my shares from 1000 to around 790 shares and they will adjust the share price from £2.40 close on Friday to £3.04 opening tomorrow morning?
My overall holding value will therefore remain unchanged but, and this is what we all should be most concerned about, the Tesco share price will be uprated to £3.04!
Obviously what the market does to the share price thereafter remains to be seen!
This is how I see it and you can shoot me down in flames if(when) you don’t agree!
The consolidation is 15 for 19. So if price closed at 240 on Friday then it opens at 304 on Monday morning.All other things being equal.
Ie: 19 shares at £2.40 = £45.60 so
15 shares at £3.04 = £45.60
So in my dubious opinion the price should open at £3.04 first thing, thereafter Mr. Market will do as he sees fit.
The Tesco BOD have said that they intend to compensate shareholders with a SD and so I can’t see how the 51p dividend can/will be deducted from the share price.If it were to be deducted then, as a number of you have said, what would be the point?
I was recently involved with the Aston Martin consolidation which was 1 for 20. For every 20 shares you held you got 1 post consolidation. The share price pre consolidation was 70p and was multiplied by 20 to bring about a £14 share price post consolidation. I appreciate there was no SD involved with the Aston Martin consolidation but I can’t see how the Tesco consolidation is going to play out any differently.
It was you,Opulentia,that I took a note of vis a vis your positive vibe ref Micro in and around the Spring of 2020. Initially I started by trading Micro and made some positive returns at that time.
I then decided to take a longer term stake and bought in at the 450s and averaged down as the price went down during latter part of 2020.
I averaged down to around 350 by around November so I feel I need to offer my thanks to you for your initial positivity that has now put me in very profitable sutuation on my 4000 share stake.GLA and heres to my inverse head and shoulders shout coming to fruition.
If you study the weekly chart back a year or so then you will see an inverse head and shoulders pattern emerging. Early March 20 extreme downturn from 8.20 to 5.30 started the pattern which has produced this sort of inverse head and shoulders pattern.Today’s upward move appears to be mirroring the March 20 movement to the upside.If this movement were to prove in keeping with the original pre March 20 movement downwards it would be reasonable to expect a march towards £8.
Hello guys and gals, I don’t contribute much here but been into Micro since early 2020.
The last time the MACD was in a similar phase to today on the daily chart was on the 6th Nov last year when the share price was in low 200s. The MACD crossed the signal line the following day and culminated in an upward move to around 450p up to 15th December when the MACD and share price rise ran out of steam.
The MACD has been in significant negative territory since then but now its beginning to show a similar pattern to that of around 6th November!
The MACD line crossed the Signal line on the 27th January and has turned from red to green
Question: Are we entitled to expect a similar upward price movement as a consequence?
1 year chart showing consistent and strong uptrend since it was in low 200s in Feb 20. Surely onwards mid 450s from here? What’s to stop it?
Yes and it’s been bucking the FTSE trend for a good while now. Been following EVR since start of year and been in and out with nice profits each time. I am in and going to stay in until ££5 plus. Nice continuing Divi too. Can’t understand the lack of communication on this BB!
Best post in a long time, Stalin. If only there were more out there with a positive outlook. After all, isn’t this what these BBS are all about??
If you had 3000 shares originally then yes 4500 in RI. I would assume you would have paid for these by now at around 83 to 88 p a share.
Your platform should consolidate your original and RI shares into one tranche of shares that will trade at whatever the market dictates going forward.
The 11p you mentioned is probably the value of the rights themselves which u you don’t need to be concerned about if you took up the RI in full.
Hi Mike,
So you have 2000 shares at 3.12 = £6240.
RI entitles you to (2000/3x10) 6666 new shares at 32p a share. = £2133 of new money to take up rights.
So if you take up rights you will have 8666 shares at a total cost to you of £8373. So an average share price of 97p per share.
Will RR rise above and hopefully considerably above 97p in the future?
My answer is yes long term.
Whatever you do, don’t do nothing. Not taking up rights will leave your original investment permanently diluted...
For each existing share of IAG, its holder is entitled to one subscription right and 2 subscription rights are required to subscribe for 3 New Shares.
Taken from prospectus.
I make it £3.18.
I use a more simplified calculation assuming you had a 1000 shares initially
So 6.71 x 1000 = 6700 & 0.84 x 1500 = 1260.
6700+ 1260= 7960/2500 shares = £3.18.
Therefore old price of £6.71 = new price of £3.18.
Hi Calamari I really appreciate your guidance on this because I was sure my interpretation of it was correct.
It’s an important consideration and I appreciate you pointing me in the right direction.