RE: Games being played3 Mar 2022 09:52
You've got to realise the strategic importance of this company to countries outside of Russia.
Steel is needed in a big way, there is a serious amount of worldwide projects on now and planned that rely on steel from Evraz.
This is not in anyone's interest to delist or cause issues to this company. It's a load of media driven war mongering hype because they know a few Russians hold shares and its operations are heavily in Russia.
This is the company..
EVRAZ plc is a United Kingdom-based steel, mining and vanadium business with operations in the Russian Federation, the United States, Canada, the Czech Republic and Kazakhstan. The Company's principal activities include manufacturing steel and steel products; iron ore mining and enrichment; coal mining; manufacturing vanadium products, and trading operations and logistics. Its segments include Steel, Steel North America, and Coal. The Steel segment is engaged in the production of steel and related products, which it sells for domestic infrastructure and construction projects. Its vanadium business is based on processing vanadium **** from steelmaking operations. The Coal segment provides raw materials for the Company’s steel mills, supplies coking coal to domestic coke and steel producers. The Steel North America segment focuses on the markets in the Western United States and Canada, offering products including infrastructure steel, rails, large-diameter pipes and oil tubular goods.
Obviously the coal part has now been delt with and thats why £6 is an unrealistic price, after the disposal of coal assets and the return of capital its more like a £4 share.
60-70p is just the gift of a lifetime because the market is uncertain. It hates uncertainty. If the BOD issued a statement, it would solve the uncertainty. For me though, they did on 25th Feb and said they are paying a divi so it seems Mr Markets memory ins't working well.