Member Info for stuGGTTH

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

However, GKP is $100m 'ahead', so to speak this year, having settled the bond payment a year early, when the oil price was higher...

Stu

Happy/Relieved - hopefully divi soon, and boost to SP

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

Surely the fact that GKP recently redeemed $100m bonds a year early, points to the fact that they would prefer to operate without creditors?
Looking forward to an operational update.
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

One statistic had me saying 'wow' - Own cash (not customer deposits) at £1.968b exceeds this morning's market cap of £1.93b, the only way is up...
Stu

Probably a bit of profit taking being done too after a good month, I have resolved to hold JET2 long term, feeling that a few percent drop is nothing to worry about currently.
Also think that H1 results will be good, but I'm even more encouraged that JET2, with a market cap under £2b, are planning to spend multiples of that figure on new aircraft purchases in the relatively short term, tells me all I need to know about the direction of travel here...
Stu

So, in a nutshell, are Evraz asking the bondholders permission to change the terms of their contract due to the current sanctioned circumstances?
Stu

I feel today's sanction news is not confirmation that matters have worsened, but more confirmation that things have not improved...
As/when/if sanctions on and around Evraz are lifted, this will be done simultaneously on the parties concerned, so any additional persons being added seems irrelevant.
Indeed, it is without finality until the corpulent chanteuse strikes up...
Stu

To be clear, I'm not saying Liz Truss single handedly instigated the sanctions situation, I just think it may prove simpler to resolve diplomatically without her being involved.
Just my opinion, no more, no less.

With Liz Truss exiting 10 Downing Street, I feel that a solution for Evraz might prove simpler...
Don't get me wrong, I'm not saying our situation will be resolved any time soon, but Truss was Foreign Secretary when Abramovic was sanctioned, and she was always talking tough on the subject, leaving little room for manoeuver.
I'm just thinking that with her out of the Cabinet (one would think permanently), there is a greater chance of a deal being done, for example, the large shareholders could buy out us smaller ones potentially in due course - something that would never have been allowed to happen with Truss around??
I'm relatively confident the company has no plans to screw us over currently, so it's a waiting game for now...
Stu

Following that payment, do we expect a dividend anytime soon?
What's the consensus?
Stu

RNS shows JET2 has great deal of confidence in what they are doing and the recovery of the sector imho.

https://uk.finance.yahoo.com/news/buy-itv-shares-today-082607814.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuYmluZy5jb20v&guce_referrer_sig=AQAAAKDJ49veI4zHmAxOWvPGGLNhODF9oZunv-tGuiQb4-SJjWNWUiJFzPSsJDfcREm9_ksiiyYEFMw-TeGRlOzqrVRdc-kPKkb12g84MoiA2NrxAC64Qfe4WaN4s-BY0egdKr4NFTsSXxJ51WlnUUzjcxnCMuOwt-2k_gTh19WwCk8E

Motley Fool/ Yahoo article
Stu

I know they're excellent at travel Fred, but time travel?!?
More likely a boring typo lol