The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Although Moscow stock exchange opens on Monday this does not cover poly (or Pog) https://www.moex.com/n45650/?nt=200
As you will see from the link 10 international stocks are not being traded which includes these two
@ Blacksteel - Net impact of before/after would be zero still to all shareholders - if you bought after the date, you are simply buying at a price that the market agreed and people who sold agreed the price same asany other time; same as any share that goes up and down and no one forced them to sell before they received the RASP rights. Just like the dividend payment the assets simply go back to the shareholders and if you held you gain/lose nothing. If you sell you can gain/lose etc. I can't see your point at all except that things change and there are percevied winners and losers - same if the company goes bankrupt the ones who sold would have got the better deal!!
The Russian government made a $117mn payment on two of its dollar-denominated government bonds last week, the process took longer than usual as banks involved in the payment chain sought assurances from US authorities that they were able to handle the cash. I see the same issue here - will be paid but just takes longer and not as straightforward. The beauty of EVRAZ is that they have large workforces in USA and Canada and no matter what they will not want them impacted which means business will continue. no way UK will wish to upset the USA
p.s. top tip - you don't pay stamp duty on Petrofac buying/selling either - it is because they are based in Jersey :) Does that make then Russian? I am sure they got prosecuted recently for shady dealing by the UK - must be because they fall under their jurisdiction same as .........Poly!! and that is the UK jurisdiction
yes jersey based same as Petrofac - they must be Russian too - do make me laugh. They wil be getting suspended/sanctioned next?
Why worry? No matter what happens I can’t se a situation where the hare is not worth more then £2! Delist but then have to go to another marker - no issue as long as you can trade! No matter what market with their assets and dividends I can’t see anything but he so rising and that is worst case! Stay on lse, keep head down, ceasefire and wait 6 months and at least £3 and yes being conservative. Even if Russia seized assets
Kashakstan assets worth more than current price so again no worries - patience is a virtue GLA dyor
I am invested here - Do i have some concerns? Yes. Do I think that we are delisted? No. Do I know that if the suspension is lifted can we trade on the LSE - YES. The whole system at present for EVR is what it is and is frustrating - I was intending to hold this potentially forever and although I do not have a crystal ball I still believe the likely worst case scenario is still better than where we are at present. To clarify - likely that the suspension will run for a few more weeks (end of war may be required as a lot of this is political). The sanctions on steel (company not sanctioned) will ease off over time as steel will be required in EU and anyway the market will buy it somewhere (perhaps not at full value but still at a profit). Do we stay on LSE? Possibly but depends on how welcome we are and in what state but we can always move market. So likely outcome is that in a few months/years we are back in some form likely to have paid out some dividends at a high rate as a % and perhaps never reaching the previous heights but should still be significantly higher than where we are now but perhaps only 2-3 times. My honest views - all of this could happen slower/quicker but the above is most likely (although there are better/worse scenarios this is middle of road) GLA
Dividends - so stating that if RAowned one share in say any other British company they would also not be able to pay a dividend!! I don’t see any other company he has shares in not paying their dividends????
i have averaged down to just over a £ and am relatively happy with this investment - not as high risk as some I have but highest reward in my view. As stated previously - every day without sanctions is another few million in the bank (more than $250m every month) and we all know that their will be a buyer for our goods no matter what it is just at what price? (China always want a good deal) but also our North american arm will still be highly lucrative. If the dividend gets paid I will own my shares for just under 70 p and believe that the reward at that point compared to risk will be huge! IWe all know SP will reduce on ex-divi day but not by the 38p in my view ($ gettting stronger) and as such I have no intentions of selling perhaps ever if they keep paying a good divi. Could be life-changing this for lots and this type of opportunity does not come along often but do not risk more than you can afford and DYOR GLA.
Also means that evraz have had 2 months with no sanctions/ restrictions and will have made quite a bit of money in these 2 months which should also ensure liquidity. These 2 months May be criticial as means divi will be paid as not as much risk because the buffer if these 2 months still have to be accounted for (and with prices of commodities rising I am sure they were very good months). GLA
https://topforeignstocks.com/listed-companies-lists/the-complete-list-of-russian-companies-listed-on-london-stock-exchange/
To note that Evraz is not a russian company and also that:
https://leaderpost.com/news/saskatchewan/economic-impact-on-sask-businesses-with-russian-ties-not-yet-known
Evraz in North America is deemed independant of the main Evraz group and is a big player in NA. They alone are worth more than the current MCAP
Happy to do bet David but don’t think you will ever pay me! You say the share price will be 68p or less on ex divi day - and I say not. I would say a gentleman’s yet of just a small amount say £1k will suffice and bank transfer will do - I can give you details whenever you wish. Happy to pay if that price is reached any time before as well
do you want to bet on that? I have held shares where the fall was much less the day after (PBR.A) adn there is usually a spike in price beforehand in most cases (or did you conveniently forget to mention that aspect?)
Americans live a bargain - watch this rise - they don’t care about nationality when comes to making money. We should learn from them- fu same take, dividends, fcf etc stuff loyalty - watch the rise now DYOR
RA was invited to the talks by Ukraine not Russia. Hence he could be above this all by both sides as you are correct previous friend of putin but did move away and make himself high profile to be less of a target. I can’t see this gooing much below £1 - there are thousands of jobs in USA to consider and also they need steel - they do provide a high percentage of us railways! This will not imo be sanctioned as uk with significant USA assets. It may take a while (or not) depending on outcome over next week or so but will pay the dividend in my view as announced and RA will want it also as he will want the cash! It is sometimes that simple as majority shareholder
Cards on table - just bought at 130 - not worried if drops a few pence more. Downside potential even to less than a 100. Upside if works out - over 600. People sometimes wait and miss out but if it goes over 300 and pays dividends I will be over the moon