RE: SP Should Hold Strong Going Forward10 Mar 2022 06:16
The rally in US stocks yesterday suggests the market knows things are heading toward a resolution in the conflict. Shame about the dividend but in reality it makes the company much stronger and much better placed to get through this uncertain period, which is bullish. Also avoids bad press from AB receiving a huge div, also bullish.
Buy on a possible slight dip today from weak hands/div hunters and very likely receive a special dividend when the troubles are over. On top of which, these are already bargain basement prices for Evraz. Buying today gets you a company in a much stronger position, and likely still get the div/special div. It really is a no brainer. Any indication that the conflict is coming to an end, with the cash pile they now have, and this will be 300p +. With or without the div, this is an incredible bargain.