George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Russians can’t take part in the ************** - useful if you read it all!
How many times - open up a bank of Ireland account and you will get paid fine - dividends etc. they don’t care or ask your citizenship as not under uk jurisdiction
- even if uk citizen!! It’s not difficult to comprehend
How many times - open up a bank of Ireland account t and you will get paid fine - dividends etc. they don’t care or ask your citizenship as no I’m jurisdiction
- even if uk citizen!! It’s not difficult to comprehend
Here you go - I am a civil servant - I am ****ed off by my 2% pay rise which after years of nothing this year honestly is taking the proverbial! I want things to not hurt - higher costs for energy, transport, food etc and I will strike as this year I am so ****ed off! Ukraine now I don’t give a stuff if it costs me and my family and arm and a leg as I need to survive myself! Tbh I want what’s best for myself and family and will not suffer for Ukraine or anywhere where the vast majority can’t locate on a map! This has to end sooner rather than later- it is that simple - peace / negotiated peace/ giving up I don’t really care now
Agree energy not the issue but food and fertiliser are and do impact USA. Simple economics and politics - no nation will keep a war going if their people rebel - who will last longer USA/ ussr - you decide but I know Europe won’t last much longer with high prices/ recessions etc
The latest bird and officers are here - seems more than two
https://markets.ft.com/data/equities/tearsheet/directors?s=EVR:LSE
Happy to be corrected but some have been promoted to replace others so governance can co tiniest I believe
think what is best case/worst case and most likely scenario?
Best case - war ends soon, sanctions lifted - back to normal and £5 sp (or more)
Worst case - war goes on for years, company gets sanctioned more and potentially goes bust (can't actually work out this scenario as we would move debt/exchanges to ensure we complied).
Likely scenario - war ends (when?), sanctions go on for a few more months and then ease off (but how far and what sectors?) - still better off than now and perhaps £3sp.
The way I see it in worst case sceanrio we would move exchanges and make less money - world still needs steel (and coal) and this will not change for many years. Lots of exchanges as options (most a lot friendlier) but will come at a cost to us all so maybe a reduced SP.
Even in worst case this will be worth northwards of £2 and I would expect this to happen if the war drags on.
So if I was invested here at under £2 - no major issues.
Will we go bust - how? We pay and move (may be costly) but we will not go bust and may not be as profitable in future.
So patience is all that is required and I would expect EVR if things seem to be moving to a stalemate to make moves to protect their business. Russia themselves would not want to lose this income/jobs and would want it to keep going (almost to ensure that sanctions do not seem to be an impact) - look at POF as an example.
Anyway GLA and DYOR
So what has changed - still suspended/ sanctioned and we will have a few months minimum to hopefully come to an agreement on ceasefire before there are major impacts. Miss a few payments/ no audit is fine for a few months and no company instantly gets made bankrupt. Not ideal but if in the next few months everything gets sorted out we should be fine. People like the BOD and RA are all shareholders as well and will not want to be left with nothing and will make sure it does not happen. They can relist, get taken over, come to agreements with various parties and worst case scenario perhaps get sold cheap or split assets but that would likely still be above the current price! It is a risk but could still come good but is not guaranteed. GLA and hopefully soon there will be peace for a number of reasons but mainly to stop the senseless loss of lives
Good to see coal and steel companies doing really well - pity there isn’t one to trade in the lse at present - lol!! As a holder here it looks good for when we are trading again and agree rasp seems to be doing really well and think we will easily rise significantly on trading resuming - gla
Raspadskaya Group amalgamates a group of coal mining and enrichment facilities located in the Kemerovo region of Russia and the Republic of Tuva: 8 mines, 2 open pits, 3 washing plants, specialized support enterprises. It is a part of EVRAZ, a major vertically integrated metals and mining company.
From their last operations update
Although the imposition of international sanctions against Russia and the restrictions imposed by Russia are creating certain frictions in supply, logistics and financial flows, to date there has been no material direct impact on day-to-day operations, trading or the financial position of EVRAZ. The Company will continue to keep EVRAZ shareholders updated in accordance with its legal and regulatory obligations.
no major impact since no rns stating so and therefore I am positive
Expected rns - as most metal stocks haven’t- wish I knew if it is because the sanctions are or are not working? I actually hope they are doing well but we will have to wait and see (which I personally suspect results are good and they do want to shout it too loud!) thoughts anyone?
up on moscow - up 4%
The good news is that if there is a gap in market then if money to be made it will get filled!! So if not possible at moment it would be in future - money talks
Just bought my isa at 220p- average still under the price now and can’t believe the drop! If anything due to dividends not getting paid, this is good news for LTHs - not paying it and saving money. Much more options now and a good buffer to pay debt for future. Black rock with 10% will be smiling
Why look negative - look with balance at all times! Price is low and once it reopens (likely as name a strong company that shut down due to sanctions that is still selling and making a profit?) This company is making good ones, profits will rise with gold and high inflation is around the corner! The dividends at present would be over 100%! Name one other company that has this divi potential payout! We will get money out just a waiting game at present DYOR
Let’s put things in perspective- the divi at present is over 100% and as such there will be loads of people wanting a slice . 500p gives a divi still higher than most and look at other steel producers- all up and raking the cash in . 500p is not a dream - if suspension lifted with the divi it will reach 500 minimum. The divi will drive the price with 20% returns most won’t care about Russian connections as we are all want a great return - it is that simple. No fears but DYOR
https://www.moex.com/n45650/?nt=200
Not poly or Pog though - see link. 10 international companies not trading