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Thanks again uncertain, very informative - but it begs the question, now that the premium Share Account is cancelled can CASP use the funds as they see fit, or is it really just a figure on the balance sheet?
Appreciated
Stu
Thanks uncertain, am just curious that if cashflow is sufficient for dividends, then why the need to go to the High Court to cancel the Premium Share Account? Why not just pay divis from cashflow without the High court expense?
Stu
To clarify, I was not advocating a 1p divi, but simply putting that figure in perspective to CASP at £22.5m cost
It would appear that I am not being afforded the courtesy of a reply, when I posted a reasonable answer to a reasonable question
If I am in error regarding the Premium Share Account, please clarify, I will not be offended
Stu
Hi somm
No RNS but looking on HL, CASP annual Financials at 31/12/20 (the most recent listed) had the 'Share Premium Account' at $248.95m, equates to over £204m currently. Might be more now??
Actually I've just checked on CASP website, 'share premium' listed at $248.95m on page 44 of the Annual Financial Report 31 December 2020 - so HL figure confirmed
Stu
Agreed PVI1, its like a long drum-roll currently, awaiting the 'reveal'
It would cost the company £22.5m to pay a 1p dividend, but the recently liberated Share Premium Account held around £200m, so what qualifies as a 'meaningful' divi amount??
Also, are there any plans to enhance the business with this cash?
I plan to hold long term, so eager to discover regular quarterly divi amounts too
Difficult to find much of a down side here
Stu
gasher, regarding EVR profits I'm trying to think of it as a 'savings plan' which will pay out in due course
What chance we can get something from Evraz NA, as North American operations are not restricted??
Delighted we have retained RASP, as it was unexpected and worth £1.88 per share by the demerger calculations
Stu
What are peoples thoughts regarding the AGM, will we simply receive the information that 'all resolutions were passed' or will shareholders be given some info on how things are going operationally?
It would be understandable if EVR don't issue any figures until the audited Half Years (in August, I believe) but personally would appreciate a flavour of how things are doing, if even in a vague manner.
Stu
Yes, I'm beginning to think that EVR will wish to list elsewhere, as surely the relationship between the company and UK authorities must be at an all time low.
The debatable nature of suspension, then sanctions, annoys greatly. When compared to other entities EVR seems relatively innocent.
My concern currently is over the companies ability to repay debt, we all think EVR are still making profits, but just depends how awkward Western Governments want to be.
Agreed Bob, a quick resolution might see our investment in EVR 'rescued', all is not lost yet
It would be good to hear something re-assuring from the company soon, just a statement to say that the company is financially sound and this should be a short term situation would make all the difference in my book.
Its nonsense Bob
In a couple of years, UK will be regretting pressuring BP (for example) into flogging the Russian assets for a song, it'll be business as usual, but UK will be down the financial pecking order, believing it has achieved some moral high ground, to enhance some individual political careers.
Not after money at all costs, but surely they can see past their nose, other nations will gladly profit at our expense
I also emailed OFSI, mine went like this-
Good Morning
Earlier this year I purchased shares in a FTSE 100 company with a view to receiving dividend payments into my retirement years.
The company is called EVRAZ, there was no hint from OFSI, nor from any UK Government agency that their worldwide profitable operations, nor any shareholders associated with the company, were in any way questionable, nor being looked into as being suspicious.
You can surely imagine my surprise, that firstly, share dealing was suspended due to a tenuous association to an individual who also happens to own EVRAZ shares, and secondly, and more recently, the company has been subject to sanctions because, largely, they manufacture railway lines...
Is it the UK Governments stance to ruin its ordinary citizens for such flimsy reasons?
Stu