Member Info for WolfofWarks

Why is there a presumption on here that RA is pro Ukraine? I mean he is Russian after all and had known close ties to Putin.

Incredibly Boohoo is now the second highest shorted stock after Cineworld.

I think that incredible given the low level of debt and confirmation of trading being as guided.

It's joined by AO World, Kingfisher, Currys, basically all the companies that did well over the pandemic and have exposure to negative consumer confidence.

Large exposure to North America as well.

The board really need to update on trading conditions at this point.

Hippo - you would have to sell the shares into the company which I think would be a chargeable event for CGT. Could way to crystallise a current losing position at the moment perhaps? You would have to have a very large holding to make that viable though I would have thought.

You’d still likely need Russian accounts though if they were to relist in Moscow and Putin carries on his protectionism of the Rouble like he’s doing with the Germans over the has contracts.

Vicious - I’m almost certain that there restrictions on what can be held in a wrapper. Try purchasing something like Ali Baba in your ISA - ADRs are not allowable.

If the company was to relist in Moscow I’m almost certain the shares will come off your platform and you will own them outside of it. Then you’ll have to start looking at registering with the Russian tax authorities, Russian Ruble bank account for dividends, withholding tax etc, etc, as well as considering them for UK income tax on dividends as well as capital gains tax when you sell them.

‘I would like company to make court claim with proper amount of compensation for all this .because it's not right at all’

Do you really think a UK judge is going to rule in favour of the Russian Obligarchs?

Alexander - the government haven’t got a case against Evraz. Evraz hasn’t been sanctioned, it’s simply been suspended to protect shareholders interests while this all plays out.

I’m mentioned this the other day but sanctions are not applied as a criminal penalty so there is no crime as such. They are intended as a measure to financially restrict the recipients from carrying out the alleged wrongdoing.

So if the government think the oligarchs control Evraz and the company may have sold steel that was supplied to the Russian military they freeze their shareholding and therefore their ability to use the company to carry out said activity.

More so the point I don’t think you’ll be able to retain them in an ISA and perhaps will need a rouble account with a Russian bank to take those dividends.

You can’t even wrap US ADRs in an ISA.

No. Tried to buy some on the initial drop but IG wouldn’t let me.

I’m watching with great interest and am sizing up coming in when it starts trading again.

It’s not exactly clear which side he’s there on behalf of.

Both sides seem to be denying he is there with them which begs the questions what is he doing there and what is his role.

All this talk of divi …. Surely the first step would be to establish how well trading is going to see how much free cash flow is being generated.

If the current government are ousted I don’t see a labour government suddenly reversing sanctions. I think if anything they will be worse. They’ll be a return to anti business sentiment and they won’t give two ****s about trapped investors.

‘ i will take it to them on a no fee % basis if there is no relisting in the next 3 months’

I like the sound of a law firm where you get to decide what to pay them and on what basis!

I think if you looked at substance over form I think you’d conclude that you have actually traded IBM there. I’d imagine you would have been killed by the spread and all the broker fees more likely!

‘ There must be a lot going on in the background here’

Peace talks mainly :)

I’m holding still.

Think this is in the doldrums until the WH raise is done.

IG are the best platform IMO.

I didn’t really get on with HL and their fees were more expensive.

‘ Well because they have their primary listing in the UK, other jurisdictions would look carefully on any sanction placed on them by the FCA. I actually think for example that the coupon payment that was successfully wired was a near thing / squeaker. If Evraz gets sanctioned just for being a big Russian company, even in the UK where their sales and operations are small, the effect is the same; pariah status in countries that respect the FCA and/or the UK office of sanctions etc.’

Ideally they would need the US/EU onboard I guess.

Iodan - I’m pretty sure the government are well aware of the legal basis of all this. Why are Evraz lawyers not chomping at the bit to have the suspension lifted? I said earlier that I’m not sure how effective UK sanction on Evraz would be given the lack of commercial Uk activity.

I’m unsure on the delisting process but I’d like to think the government do not have the power to delist who they please (or that they would unless in the case of insolvency) and should be looking out for the interests of the minority holders which is what the suspension is designed to do.

Penguin - Yep stuck between a rock and a hard place. Here’s a connumdrum for you now. If you were sat on the board at this time reflecting would you rather be a global business or concentrated in Russia?