Member Info for WolfofWarks

‘ Evraz says not the case. ,
Evraz have said that RA doesn’t have control. I think it’s safe to say that if you have a handful of long term associates controlling over 70% of the voting rights as a collective they have control.

‘ Well it should be innocent until proven guilty but the world's gone mad so who knows’

That’s the burden of proof for criminal law, beyond reasonable doubt, etc, etc. I assume these sanctions are a civil penalty and therefore a lower burden of proof.

That said I’m not a lawyer.

‘ Once it’s proven that he doesn’t have effective legal ownership or control of the company,’

The Russian contingent clearly have control of this company, one of them being the former long term CEO. Hence why it’s still sat in suspension and highly unlikely to return to trading any time soon regardless of a peace deal without a drastic change in who owns and controls the voting rights.

Hi Oracle. Apple have taken a massive bite out of Meta’s marketing income model by tightening their privacy settings and Google are about to embark on something similar.

MZ has got to repoint his whole model and is now pinning his future growth hopes on the metaverse. That and like the rest of big tech the valuations had got super frothy.

So I don’t think in the case of Meta you can say there is nothing wrong with the underlying company, it’s got serious challenges. Don’t know too much about Ali Baba other than the yanks no longer have an appetite for overseas and in particular Chinese ADRs.

JA - seriously you consider yourself as being sanctioned? Do you know how RA made his money - there’s a good Panorama program on the BBC Iplayer if you need a refresh?

I’d be fascinated to know how the commercials going at the moment.

If you look at the segmented turnover in the 2021 accounts the region split is roughly:

Russia 40%
Asia 25%
Americas 20%
Europe 7%
Other 8%

I think you’ve got to assume that Americas (assuming mostly USA/Canada) and Europe is being decimated and Russia will be holding up. The key is what is happening in Asia.

The scariest thing is this conversation is actually happening here, like there’s some correlation between the two.

The question here is are the government going to let the oligarchs loose to buy up all the UK assets once the war is over. I’m not so sure.
Also will business just go back to dealing with Russia like pre war, I’m not so sure either.

I don’t think the west’s relationship with Russia will ever be the same, certainly in the short to medium term.

Honestly I don’t think the west’s relationship with Russia will ever be the same again. Us westerners are in complete solidarity against them. These sanctions are unlikely to be dropped overnight even if the they do retreat back.

This is absolutely ridiculous. First of all we are not in the 1950’s. His wife should be able to hold whatever investments she wants without any recourse back to him.

Secondly, she owns a small part of the family business that makes a small part of it’s money in Russia and they expect her to donate the entire dividend lol.

I thought the daily mail was suppose to have conservative principles.

Robina - this is ticking along very nicely now. Have exited my position in profit with dividend on the way and have a CFD with a very health starting profit with hopefully will continue on a nicely upward direction.

This is where I think some of you need to take a step back and take a good look. This is a large company but it’s shareholding is controlled mainly (75%+) by three Russian holders one of which was also the CEO. They are likely associated so while RA might not control the company by virtue of his personal holdings], between the three of them they call the shots. It’s a company controlled by a very small circle of powerful people.

‘Evraz is trading normally’

Hippo - I think this is most likely wishful thinking. I’d take the dividend RNS on the 9th with a pinch of salt given the events since then, in particular big corps going balls out to completely disassociate themselves from anything to do with Russia.

"If they only buy shares which are floated - the non Russian ones - the shell company can simply be 100% owned by the Russian who has today the 70%."

Bearing in mind this company is Russian controlled why would they do that? They would be using the cash reserves to the benefit of non-Russian to the detriment of themselves.

This is also why I think contacting MPs petitioning, etc, will prove futile as they would have to think very carefully before putting their name to this. LSE, FCA, etc will know the legal side and will be acting within the rules.

I saw mention above of the use of A & B shares to separate out Russian interests. This kind of split would be usually be used to differentiate voting rates, or dividend entitlements. In order to split out Russian interests they would have to be sold into their own separate subsidiary or ground, similar to what BT have had to do with Openreach, with a separate management team. Until it is sold though all profits and losses would still accrue to shareholders in the current %s.

Yep and other than RA the others all hold their shares indirectly though holdings in other companies. It's clearly, majorly owned and controlled by Russians with a brass plaque in London.

I've been watching this with interest and tried to buy in after the first significant drop but IG wouldn't let me. I was miffed at the time but now you see exactly why, for my own protection.

I don't see a good ending here unfortunately. I listened to snippets of Boris speech yesterday and it's clear in his own words that relations with Russia will never 'normalise'. This company is a good example of Russian money pouring into London and everyone riding on their coat tails.

I would think on the trading side the west is also disassociating itself, so they must be taking a significant hit on the commercial side. Does anyone have a clue how the commercials are going other than the early RNS. The cancelling of the dividend suggests they are conserving cash and battening down the hatches.

If you look at the 12 & 24 month btc charts and it follows it’s usual pattern this could be the start of a significant upwards move.

Looks like the market is down today so will have to wait a while longer.

Looking at the US financial news last night and some of the tech gurus seem to think the Nasdaq might have hit a bottom and it’s time to buy.

Not so sure myself, plenty of macro head winds out there still.

For me this and the commodities are the safest place to be.

Surely the whole point of it being ex divi is by that point the entitlement to dividend has passed. Otherwise it makes no sense and everyone would sell today and keep the dividend and then buy back cheaper tomorrow.

I’ve carried out an experiment on this today by opening up a CFD following the drop, then I’m going to wait a few days and see if the 4% recovers (like happened with Rio Tinto pretty quickly recently) and then sell my shares in my isa, keep the CFD running for the hopefull future increase. Then swap the CFD for shares again at a later date for the divi.

Boohoo have a debt facility in place which as far as I can remember hadn’t been utilised last time I checked.

Interest rates going up does not automatically mean corporate interest goes up because variable corporate finance is unlikely to be linked to the base rate but the Libor/Sonia rates. Any CFO worth their salt will also have a swap or partially swap in place to hedge against interest rate risk. Plus some Corps may have fixed rate deals in place similar to a mortgage.