The latest Investing Matters Podcast episode with Inclusive Asset Management's Alexandra McGuigan has just been released. Listen here.
The funds will 100% not be used to support the company given that most or the remainder of the business is based in Russia. Bondholders (So long as they are not Russian Nationals) is the most likely ) with balance held in Escrow for the end of the war., don't think that we will see a bean.
I am really curious to see what happens with the sale of NA. They will not let the money go back to Russia and it would also seem strange to allow the money to be used to pay off debt as this would also inevitably end up with some cash heading back to Russia. If it was all put in escrow until the end of the war that would likely give us some protection as an asset freeze from Russian investors would result in that cash being frozen. Howeve lr given that the US business appear to be thriving why sell it off if if you can’t use the cash to support the rest of the business?
https://www.politico.eu/article/more-than-20-of-putins-allies-fight-back-against-eu-sanctions/amp/
In theory that’s correct but we need to consider the bond holders and whether their guarantees cover the NA assets, in the event of a break up I suspect the bond holder will mop up most of the value in NA as they won’t want and won’t be able to get to the Russian assets. It will be very messy but given that equity holders are bottom of the pile I am less than optimistic.
If LSE are not able or prepared to re-instate trading I would like to see a transfer to the Hong Kong exchange, it’s well respected and liquid and there is no way that the Chinese will suspend because the west tell them to. The icing on the cake is that you can continue to hold in an isa so all those gains are still tax free.