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@Wolverine007..loool
sorry meant from the revenue perspective its less than 20% of revenue of poly. At global stage the company is a very important silver producer.
Polymetal is top 5 global silver producer with 20.4 million ounce produced in 2021. Revenue wise its miniscule compared to gold, I suppose thats why its not highlighted.
Congrats MassiveRay..with your conviction, well deserved
Cant agree more Sagecity, spot on
your analysis is always good, hope the div plays out as you have said :)
Thank you for the update Ray, good to know its on the cards.
Hi Rylidan, If you look at the long term its going to be ok, that's my understanding. They are resolving issue for non-resident holders of NSD (11% out of 22%). No impact on FTSE holders. On debt, dont feel thats an issue based on their profitability and cashflow (will be squeezed and impacted but to me seems will be managable). Debt is short term buildup as company made lot of purchases in anticipation of impact of sanctions.
Haha..wish big-blue goes to Ukraine. They really need someone with so much of knowledge..he is so awesome and useless with nothing better to do??
I do use IG, they are only allowing sell orders as per my knowledge. I tried buying about month and half back and it wasn't allowed.
Big-blue seems you have too much time and knowledge. EU, Ukraine everyone needs you. Your know it all is exhausting, best to take your talent somewhere else. Then hopefully people can go back to this company and discussing their queries
You really are clueless..no one is saying putin is a Saint. People are dying and I feel angry and disgusted at that but has he changed since Syria war answer is no but it was OK to purchase oil and have multinational companies minting money. He was a devil then and is behaving same now. Did the investment go wrong and do we have ourselves to blame absolutely but at the same time I blame putin and nato and our clueless PM who is hiding his sins and jumping pretending to be a person with ethics and integrity. There is absolutely no rational behind sanctioning a company which has an oligarch with 29% holdings. If this can be done none of the ftse companies are safe. What if China behaves in the same manner will alibaba, huwai etc will be sanctioned.
Of course as another poster said in the meanwhile we will continue purchasing oil and gas and provide real money to russia.
The problem is this sets a very scary precedent. If it can happen to ftse 100 company it can happen to any company. The government just needs an excuse doesn't matter its legitimate or not it can screw up any company and with that lot of pension holders and commoners. What's the difference between autocracy and British democracy? They haven't even proved any direct involvement of evraz helping the war machinery. Just they provide wheels and rails. Tells a lor about the rationality and knowledge of these lot . Took me long to realise the meeting of free world we live in..lol
@Large Gin Don't be an a... and try to show of your lack of knowledge. Putin is no different to leaders who killed or allowed killings in Iraq, srilanka, Afghanistan etc but I guess those doesn't count. It was a FTSE100 company, its shocking that UK government behaves like this. If you want to find a reason you would get one to sanction BP, shell and lot of other companies in FTSe as they have enhanced the war machinery by providing funds in the past no different to Evraz. This is pure hypocrisy on the part of uk government and all this screening and shouting is it because they care for Ukrainians? Bulls.. . Its because they want to hide the covid parties, their poor handling of economy etc. And what an excuse for sanctions
Just wanted to add a perspective:
I am a long term holder..sufferer
I am not an over exuberant bull nor a melancholy bear when it comes to this share
I am still in this share because I believe it’s a good risk..high risk but worth my risk
I understand everyone’s opinions, frustrations and rants but I still do believe this will come good for me else it’s me at fault
The turnaround is happening bit slower than I want but it is..I do blame the board but have never been a board member to understand the convulations of running a big business
I do like financial statements and based on that I think the ship will turn around and I like their products
Rest my decision my fate :)
PS: after a few drinks..Merry Christmas ??
Hope this helps the revenue, profits, cashflow etc etc. this has been one exhausting ride. If I heard it correct there was 400 customer wins
https://siliconangle.com/2021/12/01/aws-micro-focus-partnership-focused-customer-centric-innovation-reinvent/
For me the concern is only the declining revenue..if that’s is sorted then debt is not a big deal. A company generating >0.7b net cash flow can easily manage the debt if revenue is sorted
Reversal of Goodwill impairment losses is not permitted. Its purchased goodwill and I think its good that they impaired it as it looked quite high with reducing revenue (irrespective of COVID). Having said that I do not think there is need for further impairment based on last RNS. Will be concerning to me if they impair more
Hopefully result will be in line with expectations. Goodwill is usually impaired on yearly basis and I don't feel there are any negative change from last update requiring more impairment.
Have been a long term holder..heavily invested here for a bit longer than thought my patience could hold. Have been enjoying the comments though, good and bad about the company; makes you read and investigate more and more I read more conviction I have that this is a good investment. I believe we do have long to go. The margins and numbers don’t lie. Feel mirage is no more a mirage