Evraz Share Discussion Threads

[brucie5] 22/9/2014 19:41

Usually that distinction is mine.. I will be looking to get back in from £1.20. It could go lower.

[saltaire111] 22/9/2014 19:36

It's all down to me predicting the share price would double. Works every time, sadly.

Salty

[brucie5] 22/9/2014 18:37

Lovely retrace. first support i see at 1.20.

[westdean] 22/9/2014 16:25

What is the cause of today's fall? Does anyone know?

[alphahunter] 22/9/2014 09:04

Sold this morning after this nice and unexpected lucky rally.
Steel prices have started coming off in China and exports to the US will either rise (further) or put pressure on US domestic steel price IMO.
Not sure whether and to which extend EVR could be impacted - in doubt and pending further research - I bailed out.

[alphahunter] 19/9/2014 09:42

The enterprise value (EV) of the North American assets may reach between $2.1-2.6 billion, analysts at Alfa Banks said in a note. If Evraz places up to a 50-percent stake, it would be able to raise between $500-700 million and then could cut its net debt to $5 billion by the end of 2014, Alfa Bank added.

The Alfa Bank forecast was based on an estimate of Evraz's North American assets earnings before interest, taxes, depreciation and amortisation (EBITDA) in the range of $300-350-million. The U.S. steel stocks are currently trading at 2014 EV/EBITDA ratio of 7-7.5, Alfa Bank said.

[saltaire111] 19/9/2014 09:07

SP should double now.

Salty

[alphahunter] 18/9/2014 21:03

IPO/Spin off of the US business according to Bloomberg, cash in and debt spun off if IPO.
"Well informed" sources have been very "well inspired" recently...

Still holder

[brucie5] 18/9/2014 17:54

I've taken a rare 25% profit on this one. Will wait for retrace and reconsider.

[brucie5] 18/9/2014 15:51

Well done.

[neilyb675] 18/9/2014 15:47

I'v taken profit

[brucie5] 18/9/2014 15:33

Continued strength. Looks overbought, but happy to hold. Is this a secular turnaround?

[alphahunter] 18/9/2014 08:41

And Steel Dynamics yesterday AH.

[alphahunter] 17/9/2014 14:39

Tailwind in the sector gaining strengh. US Steel helped by doubious legal and financial wizardry got an upgrade by GS.

[alphahunter] 15/9/2014 15:53

Likewise Neilyb

[meijiman] 12/9/2014 12:20

So is this fall in iron ore prices beneficial?

[neilyb675] 04/9/2014 16:10

great upwards action, wish I had more than I do

[alphahunter] 04/9/2014 16:02

Conference call worth listening to.
Pipe makers with US presence flying off: US Steel, Vallourec, Tenaris,...

[brucie5] 04/9/2014 15:02

Breakout continues. £1.20 the level to beat.

[brucie5] 03/9/2014 22:05

Looking very bullish now - I was a bit concerned by yesterday's retracement. what with Ukraine and Russia problems, this must have a high degree of risk?

[meijiman] 03/9/2014 16:03

Hardly -its a global business on a very low rating. Some folk chose to rate it lowly because it is Russian -but it would seem this factor is now fairly fully discounted in the share price.
Could see this with much more upside.....probably not though a share for widows and orphans