Reminder of my post this morning - FACTS4 Mar 2022 14:08
Evraz's Fundamentals are strong:
Revenues $14 bil
EBITDA $5 bil
Free Cash Flow $2.25 bil
Net Profit $3.1 bil
Current market cap: £775 mil
Evraz is a British Multi-national and is headquartered in London. It has operations in Kazakhstan, Italy, Czech Republic, USA, Canada and Ukraine and Russia.
One more point to factor in is the fact this qtrs dividend will be paid and that means 37/38p hitting your account - I emailed Investor Relations yesterday, so if you are in doubt suggest you do the same.
With reference to some scaremongering re: suspension, Evraz is not listed in Russia and as stated many times it is Headquartered in the UK. As reported by the LSE and multiple news outlets Evraz meets the criteria for being assigned "UK Nationality" for trading purposes. This was confirmed late yesterday.
In addition to all of the above we have been advised that the demerger of the coal element of the business (Rasp) has been reversed. The £1.88 attributed value, which was taken off the overall SP of Evraz as part of the deal will be written back into the books. That boosts revenues, which was broken down in the latest financial results "The Coal segment’s revenues increased by 55.8% YoY to US$2,321 million, mainly driven by an increase of 68.8% in coal product sales prices"
So considering the above facts it reinforces my conviction of this being a superb recovery play. So again I will be adding to my holdings once again on the open.
...........wondering how many have been coerced into selling and didn't think 56/57p this morning was a good buy. Currently the top riser and there is more to come.