Evraz Share Discussion Threads

[neilyb675] 15/4/2014 17:08

incredible fluctuations in daily price..........up to 93 and back down to 84

[neilyb675] 11/4/2014 10:15

Careful - you were clearly wrong, THERE IS A DIVI BEEN PROPOSED.

[neilyb675] 11/4/2014 10:14

The directors recommend a dividend of 6 cents per share to be consistent with their intention of distributing, where appropriate, a proportion of the margin on disposals as dividends, and as an indication of confidence in the Company's position. The US$90.4 million represents the approximate cash portion of the proceeds from the sale of EVRAZ Vitkovice Steel, leaving US$196.6 million for the reduction of debt

Ex-dividend date - 4 June 2014, record date - 6 June 2014; deadline for currency election - 17 June 2014; fixing of FX rate date - 23 June 2014; payment date - 7 July 2014.

[casholaa] 09/4/2014 16:28

Careful, thanks. I completely missed it. I just closed out.

[careful] 09/4/2014 16:24

results were this morning.
i sold out early today (too early)
great assets but an overall loss was declared.
no divi.

i had made a quick 27% so i baled out.
best wishes to holders.

[casholaa] 09/4/2014 16:20

Results this week I think

[karmastuartra] 09/4/2014 15:48

Not yet I fear,let's see what happens when the dust settles.

[casholaa] 09/4/2014 10:30

Back on track?

[neilyb675] 04/4/2014 14:43

+5.2 %

80P being attacked

[neilyb675] 04/4/2014 14:11

+4.7% - todays news well received, sorting out the debt issue very nicely.

4 April 2014 - EVRAZ plc (LSE: EVR) ("EVRAZ" or the "Company") announces the signing and closing of the sale of its wholly-owned subsidiary EVRAZ Vitkovice Steel ("EVS") to a group of private investors (Martinley Holdings Limited, Nabara Holdings Limited, Vitect Services Limited, Hayston Investments Limited and Dawnaly Investments Limited, with each buying 20% of EVS), for a gross consideration of US$89 million adjustable for the actual level of EVS working capital. In addition the buyers have assumed US$198 million of EVS debt liabilities, including the repayment of US$128 million of EVRAZ's inter-company debt.

EVRAZ will apply the sales proceeds for general corporate purposes, including, but not limited to, the repayment of some of its debt.

EVS, which has been a part of the Company since November 2005, is a manufacturer of steel hot rolled products located in Ostrava in the Czech Republic. In 2013, EVS produced 571 thousand tonnes of steel products.

According to EVS standalone financial statements prepared in accordance with IFRS, in 2013 EVS generated US$442 million of revenue from continuing operations. As of 31 December 2013, EVRAZ Vitkovice Steel had gross assets of US$278 million. For the year ended 31 December 2013, it produced a gross profit of US$31 million, US$(2) million of EBITDA and a loss before tax from continuing operations of US$32 million. This loss includes, inter alia, foreign exchange loss of US$8.5 million, interest expense of US$6.6 million and other expenses related to stoppages of operations of US$9.7 million.

The plant employs just over 1,000 people.

It is expected that the transaction will not affect EVS production or the composition and number of its work force.

Alexander Frolov, EVRAZ's CEO, said,

"We continue to focus on streamlining our business, concentrating management's efforts on the key assets and deleveraging. The disposal of Vitkovice Steel is part of that strategic initiative."

[neilyb675] 31/3/2014 15:39

BOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOM, love it !!

[careful] 31/3/2014 15:04

it looks as though it wants to get back to £1 or more.
hardly a cause for celebration when it was about 130p six months ago.
..and 300p just over 1 year ago.

[m w] 31/3/2014 13:07

hope your right, sold half to b safe

[bluesbeater] 31/3/2014 12:48

m w stock on loan increasing could be a very good sign, they have to close somewhere and that will only be a matter of time

[careful] 31/3/2014 12:10

Results are out in a few days.
They will clarify the position here.
we should have lots of upside.

amongst other things, EVR make rails and pipes.
Rail and oil/gas links to china and across Russia are thousands of miles long.
Potential business opportunities are huge.
Particularly with the fracking revolution worldwide.

[m w] 31/3/2014 07:44

Stock on loan increasing, not a good sign

[karmastuartra] 29/3/2014 08:37

Now looking like a big old erection after meeting Suzanna Reid .

[karmastuartra] 27/3/2014 19:51

Riding this all the way back up!

[casholaa] 27/3/2014 19:25

It's the imf bailout to ukraine i think (10bn)

[neilyb675] 27/3/2014 18:00

absolute beauty - what a great recovery we got here..........THIS IS ACCESS TO A MEGA MINER HERE, this company is world-wide, huge. Jeez fill yer boots and thank me later.

[catsneck2] 26/3/2014 22:36

Next stop 85p

[neilyb675] 26/3/2014 15:59

moving up thru the gears very nicely, proper recovery in play here

[karmastuartra] 19/3/2014 07:56

Luvly jubbly

[neilyb675] 19/3/2014 05:36

European stocks rallied as Russian President Vladimir Putin signed a treaty to annex Crimea from Ukraine but said Moscow will work to rebuild ties with its neighbour.
The treaty paves the way for Crimea to re-join Russia, after Nikita Kruschev handed the nation over to Ukraine in 1954.
"It was such an historical unfairness, at that moment Crimea was handed over to Ukraine but now all of this is in the past," Putin said in a speech today.
Putin dismissed sanctions by the US and Europe, saying the West had "crossed the line".
He said he hopes to mend the relationship with Ukraine as it was "vitally important" for both sides.
"Traders had previously been concerned that any sanctions made against Russia could provoke a retaliation from the Kremlin, but this does not look likely," said Craig Erlam, Analyst at Alpari UK.
"Not only were the sanctions by the US and the European Union on 11 and 21 Russian and Crimean officials, respectively, viewed as weak by the markets, Putin did not appear concerned about them in the slightest. In fact, he didn't even mention them in his address before Parliament."