RE: Old shareholders - did you have to lose 1.88 at the time of the de merger ?3 Mar 2022 19:56
I think that the share price must have dropped by £1.88 after the demerger complete. Essentially the share price dropped by around 30 percent because the coal business generates £2.3billion in revenues per year. Now that the coal business will continue to be part of evraz, the value needs to be added back. Its great news, particularly for those who bought after the demerger.
Essentially, evraz have just acquired a business generating an additional £2.3billion per year which was not considered in the sp today. Very interesting to see what happens tomorrow!