Member Info for ViciousHippo

The original poster asked what would happen if EVR moved to Russia. Unlikely in my opinion, but in that case, as things currently stand, getting dividends as a UK investor would be banned

This would be your biggest problem

Russia bans payments to foreigners holding rouble bonds, shares | Reuters

https://www.reuters.com/markets/europe/russia-bans-payments-foreigners-holding-rouble-bonds-shares-2022-03-02/

It looks to me like the RSI is nicely diverging and the SMA is over 50 now, suggesting a move up. I would guess it will go to 140p.

With AI programmed by humans, that is just a matter of time...

I believe the argument for the current share price is that Ingenuity isn't the tech marvel that was sold for the IPO valuation. I suppose they are saying Shopify and Amazon already do something very similar. I may be wrong but as I understand it ingenuity offers more services, eg social media influences, and companies have their own branding, compared to, say, amazon. Whether or not that is the future is what the market is grappling with. At the current share price, ingenuity is more or less valued at nil. So if its successful, then up, up, up.

Looks chilly.

Has anyone made a stab at calculating EBITDA based on the current expected 7000 tonnes for the year?

NATO is becoming more hawkish by the day. It is clear Russia is at a weak point. It is but a small step to go from supplying UKraine with (a lot of) weaponry to saying "feck it, let's go all in and get the job done once and for all". Putin then has to calculate - lose a tactical invasion of Ukraine, or go nuclear and destroy everything forever, including his beloved Russia. Even someone as difficult as Putin is going to think really really hard about destroyinig the human race. In any case, if he tried to go nuclear, there a comes a point when his own staff step in. They dont want to see total world annihilation either.

I think confiscation of assets is unlikely for the reasons you say. On the other hand, if they were confiscated, we would then simply be a UK company with North American assets, which ironically would put us in a stronger position politically, The pie would be smaller but it would be wholesome American apple pie.

Presumably then the shorter have reduced their stake

What does it mean with "Shares on loan" under 8B1?

PIs are relatively insignificant. The big money comes from the fact that large funds, eg pension funds, invest regular amounts of clients money, into a fairly static portfolio, whatever the trading cycle. They don't time the market. In effect the traders skim the cream off the top for themselves. Pensioners get the skimmed milk!

You can't just do a take private after an IPO so recently. Shareholders need to vote for it and the FCA need to approve a delisting.

Bantham- I agree there is no conspiracy. However I would say that traders with a lot of clout do force the price up or down to suit their longer term objectives. There is a reason traders and the City can afford to pay big bonuses - they make BIG money from trading. They do this not by luck but by using their financial clout to start a trend in the direction they want. A narrative is created by analysts, which is amplified by investment journalists, which is then "proven" by traders setting off a trend with some big trades. The traders with the big money decide where trends start and finish. They arrange their deck chairs accordingly to take very large profits.

Evraz need permission from the FCA to delist. The FCA is in control at every step!

I'm new here and reading that the IPO Radcliffe sold his shares at 262p and made a massive profit at the expense of PIs. But hang on - in an IPO new shares are issued to raise more capital. That capital goes into the company, not to the existing shareholder. The original shareholders have a lower percentage of shares, but that is not because they have sold shares, but because after the IPO there are more shares. Was this IPO different? In effect, the overvaluing meant not that Radcliffe made money, it meant investors contributed "too much" capital to the company in return for their shares. I see £71m on the BS, presumably from the IPO, this is not in the pockets of the original shareholders. ps My basic calculations show this company is worth around the £1.20 mark. The increase these last 2 days may be the start of the journey to those levels.

I would say two months is optimistic to be lifting sanctions on RA after all the venom displayed when imposing them

Indeed where does it end? What if China "reunites" Taiwan, India has a pop at ****stan. or Venezuela and Colombia have a spat. The list is endless. Do we in each case have the threat of companies with major assets in these countries being delisted? What are investors supposed to do, never invest in mining companies? Tech giants are probably also off limits as they don't pay enough tax. Delist them! Tobacco companies are evil. Delist them! Oil, gas and car companies are responsible for global warming. Delist them! Betting companies cause mental health problems. Delist them! And so the list grows and grows. Are we only ever to invest in wind farms and bunny rabbit sanctuaries? That won't last either - some university research will show the vibrations of wind farms upset the migration of salmon. Delist them! This is company cancel culture. We will end up with a lot of bunny rabbits.

Any company with assets in China for example would be dreading the day it invades Taiwan and the UK governmemt goes mental, again. As a nation we have lost so much trust.

If such an offer came along I'd probably take up the offer to the extent it covered my investment and then leave the rest to chance, in the hope of a pleasant dividend stream in the future. It's a great company and has excellent prospects, that I am proud to be a part of. And no that doesn't mean i support Putin or even Russia. I support our 70000 employees around the globe working very hard indeed.