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Just while mags is still asleep....
Who is to say some of the Institutionals might retain their holdings? I can think of Baillie Gifford holding unlisted percentages, just as an example of whats possible,,,
Just kidding you on mags
Stu
TheTrotsky, extraordinary circumstances indeed - a 78% share price drop yesterday, we have seen companies at the point of going bust faring better - IBPO seem to be a good going concern, surely there will be a bounce from this lowly level. It absolutely is a matter of trust or otherwise going forward.
Stu
Teddy, I may top up too - I think the share price will surely be volatile, lets say.
I especially wonder how the share price will be shortly before delisting, some will undoubtedly want to offload rather than being involved in an unlisted company.
Stu
They actually entered into a formal sale process for the business last June, majority shareholder possibly feeling frustrated at not reaching an agreement, and with a seemingly falling share price/market cap (year high was 526p per share) majority shareholder now looking at other avenues...
I can see merit in holding these shares from this lowly price as iEnergiser potentially could pay large dividends indeed.
80%+ shareholder cannot pay themselves dividends without the minority receiving dividends too.
I genuinely would not be surprised if iEnergiser or a renamed entity were to re-appear on say the NASDAQ at some point
Stu
It really should bounce hard, its not like its a business in trouble, it seems to be a good going concern...
What chances, after a respectable length of time, might this re-appear on say NASDAQ, by any chance??
Stu
disi, there is surely no distinction between North American investors and UK investors, shares are 'pari passu' and treated equally, it is irrelevant where the shareholder resides
We suspected this would happen surely? No auditors, so no audited results but surely EVR could give us shareholders an unaudited idea of how things are going, at least a rough picture??
What's next? Without audited results will EVR go from suspended to delisted, due to the regulations which make audited results mandatory?
Not too worried if we are delisted, might actually expediate EVR listing elsewhere...
Stu
I added ITH yesterday, to me they look like a very good dividend stock going forward, with around 18% indicated from this SP level. In fact the IPO Prospectus stated there will be a maiden dividend in Q123, so I felt it prudent to invest before the SP jumps when the dividend is declared, which I imagine will be soon.
I plan to compound this investment, reinvesting any dividends to boost the return initially, then hold long term.
For anyone mulling ITH over, please see the informative posts and attachments in posts on this BB, thanks to the posters involved.
Stu
What chance the company issuing an RNS tomorrow clarifying the operational status re the earthquake, is it something GKP is likely to do?
Incidentally over £700k in trades listed after hours as 'Unknown' re being a buy or sell.
Added some myself, should bounce surely?
Stu
Hello All, its been a while since I posted here...
I work for TSCO and we have all recently undergone training on the policy regarding HFSS (High Fat, Sugar or Salt in products) - the training was mostly simply informative, but interesting to note that TSCO policy will be that no HFSS products will be placed in prominent locations (near checkouts or promotional ends, for example).
Legislation is coming on the subject, but TSCO ahead of the game.
Points to the fact that manufacturers are under pressure to provide healthier fare, should be good for Microsalt.
Stu
Morning All
Regarding 2 x RNS's - it seems that Evraz arranged virtual meetings with note holders (in essence, people Evraz have borrowed from at a fixed rate, repayable on a fixed timetable) due to the sanctions preventing agreed timetable being met.
For the $750m amount, successful agreement was reached with the note holders.
For the $700m amount, it seems that the note holders did not attend the arranged virtual meeting, so it was adjourned...a date of 20th Dec 2022 has been set as a deadline, of sorts.
That's my take on it anyway, but if anyone has greater insight?
Stu
Agreed Oldrubber, I feel that if we investors were to lose everything, it would have probably happened by now.
Some here may not have seen the H1 Results from August, attached here, I was encouraged by the 'EVRAZ OPERATING ENVIRONMENT' section stating that 'EVRAZ core export markets did not significantly change' with regard to the geopolitical situation.
https://www.evraz.com/upload/iblock/f5c/EVRAZ_H1_2022_financial_results_presentation_.pdf
Just a waiting game, I think.
Stu
No problem Wayne
I'm remaining hopeful that the conflict could end as quickly as it started, might possibly take longer before business as 'normal' is restored...my guess is a couple of years, but I'm OK with that, so long as the company doesn't screw us over - I'm mindful of Petropavlovsk and Raven Property, whose shareholders were left with nothing, to my knowledge.
Positive that the Raspadskaya demerger was cancelled, seems to be worth about £2b, and Evraz including Rasp share price was around £7 not so long ago, under favourable conditions admittedly!
Stu
Hi Rishab
When I wrote that sanctions meant that no UK citizen could conduct business with Evraz, I more meant not buying goods or services from the company, rather than the share dealing side of things...
In fact, I elected to retain my holding in my ISA instead of receiving share certificates, so have not put any thought at all into how (or if) these certificates could be bought or sold - I would have thought there may be issues transferring registration of ownership, but I'm really not an authority, to be honest.
Stu
Hello Wayne
I'll give you my best take on the situation - Evraz shares were suspended on the FTSE shortly after Russia invaded Ukraine (meaning no one could buy or sell the shares) and then the company was sanctioned thereafter (meaning no UK citizen could conduct business with Evraz).
These actions were taken because the company conducts business mostly from within Russia, and the UK Government reckons Evraz production may possibly be supporting the Russian war effort.
To my knowledge, Evraz and Raspadskaya (Evraz's 96% owned coal business) are still operating within Russia and may well be exporting to countries who have not imposed restrictions.
Evraz North America is currently up for sale and to my knowledge is still conducting business as usual.
Personally I think it is just a case of being patient with this one, and as/when/if business returns to something more normal, I'm sure we shareholders will do nicely.
Other people have posted links to UK Govt website explaining the sanctions situation, best of luck finding them, but you could search yourself?
Please realise that I am in no way trying to be political with this post, but simply conveying the facts as I see them.
Hope it was helpful Wayne.
Stu