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It amazes me that the big Film Studios have not snapped up chunks of CINE - surely its in their best interests for CINE to survive??
Apologies if this has been suggested before, I neither hold CINE shares, nor usually follow this board
Good luck to all holders
Stu
However, buying and selling shares will probably involve capital gains (profit) which would be made as a result of the company's business activities influencing the share price. Ditto with Dividends, the company's business activity generating profits.
The UK Govt sees Evraz business activities as unsavoury, hence the sanctions
Morning EasiWynns
It's my understanding of the UK Government sanctions regarding Evraz, that UK citizens cannot currently conduct any business with Evraz, nor regarding Evraz (share dealing, dividends etc) irrespective of what Evraz have stated themselves.
In a nutshell its what UK Govt is saying that's important legally, not Evraz
The way I see it, as a UK citizen with suspension and sanctions in place regarding Evraz, it makes no difference if I hold my shares in certificated form or through a broker currently, neither option gives us the latitude to actually conduct any 'business' with our share holding - we cannot buy or sell these shares, nor collect dividend payments, for example.
But, as/when/if things return to 'normal', however long it takes, my holding should still be in the ISA wrapper and should therefore benefit from the tax position it offers, whereas certificated form does not.
If I should take certificated shares, and Evraz should relist in say Dubai, as mooted, as a UK citizen I would not, legally, be in a position to benefit financially until sanctions are lifted anyway, and would be subject to taxation on capital gains and dividends (which conversely I would not through an ISA) when those sanctions are gone.
That's my understanding anyway, I would be happy to be corrected if I'm barking up the wrong tree
Stu
With all due respect AllFunAndGames the questions you have just asked have been asked daily (and answered daily) since the RNS on 18th July almost four weeks ago, have you not formulated any opinion on the matter yourself, given the amount of discussion devoted to the subject??
Personally staying with the broker in my ISA
Stu
The Dividends will have to go some, I'm down 40% in 6 weeks in CASP - I decided to hold as surely there will be an uptick when some sort of pay out is announced
SP decline due to 'investors' like myself being possibly impatient and jumping ship - lots of good buys out there, but I'm not prepared to kiss goodbye to 40%
Apologies in advance, not feeling overly optimistic re my holding in Evraz...
18th July - Computershare notifies EVR of termination of share registry - those receiving share certificates will have their holding administered by Evraz, except Computershare will still be involved, so what's really going on there??
4th August - Healthy H1 revenues only produce $6m net profit a drop of 99.5%, not really buying it personally, it does not ring true.
10th August - Evraz looking to offload north American assets, highly doubtful us lowly shareholders will see any monies as a result, more likely the company will inform us that the revenues generated are needed for cash flow purposes.
Assets will be all Russian before we know it and EVR will exit LSE, and through a contrived set of circumstances we will be left with nothing
Discuss...
I was under the impression that if I convert to paper certificates then it would amount to removing my holding from my ISA (which I am not inclined to do) - want to keep my EVR holding in my HL ISA if at all possible, liking the tax situation along with the (hopeful) security of being in a brokers account, with all the possible updates they will provide.
Also have some in an SIPP, not holding much there though
Stu
Fairy1, I must say these are only my own thoughts and I hope/think HL will be able to advise us soon as to a course of action (I actually think HL and other brokers will be in communication with EVR directly to clarify matters on our behalf)
I'm really not sure about holding share certificates, thinking that would mean we are 'cut loose' from HL and left to our own devices - I would rather be under a broker's umbrella, with the ability to ask them directly, should any queries arise and they may well prove informative too via messages etc
As always, I would appreciate clarification from fellow posters, if I'm barking up the wrong tree
Stu
Currently (and I emphasise currently) I am of a mind to leave my ISA and SIPP holdings as they are with HL - their records show that I have purchased the shares, and no matter how long the sanctions go on for, there can surely be no dispute that they belong to me - going any other route may obscure those facts??
If there is some fee to register my ownership of Evraz shares, with Evraz, through HL then I would be happy enough to pay, as I doubt it would be prohibitive..
I have messaged HL and await a reply, have the feeling that they themselves are still monitoring the situation, before a decision is reached
Stu
buckeye, yes looking forward to the H1 audited results in August, should clarify matters somewhat.
Not sure how commerce in Russia has been affected generally but I think RASP have been doing well, prices well up on last year, to my knowledge
Business to the likes of China and India may not be hugely hampered for EVR and RASP as no sanctions in effect, as far as I know
Others undoubtedly more savvy than me could clarify??
Stu