Evraz Share Discussion Threads

[alphahunter] 17/9/2014 13:39

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

[alphahunter] 15/9/2014 14:53

Likewise Neilyb

[meijiman] 12/9/2014 11:20

So is this fall in iron ore prices beneficial?

[neilyb675] 04/9/2014 15:10

great upwards action, wish I had more than I do

[alphahunter] 04/9/2014 15:02

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

[brucie5] 04/9/2014 14:02

Breakout continues. £1.20 the level to beat.

[brucie5] 03/9/2014 21:05

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 15:03

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

[neilyb675] 29/8/2014 13:49

yes, totally

[brucie5] 28/8/2014 16:41

A riddle inside an enigma, wrapped in mystery..

[neilyb675] 28/8/2014 14:52

yep, this one has defied logic for a long time....totally no way of understanding this one

[brucie5] 28/8/2014 11:43

So no dividend and continued troubles in the Ukraine.. Yet EVR share price seems unwilling to go back down. Holding from 1.11.

[brucie5] 27/8/2014 08:40

In at 1.11, hoping that this morning's retrace to the 1.11 line of previous resistance that now becomes support. We're already at a 6 month high, so next target is 1.40, then 1.70. If results show the supertanker has turned, it could be worth holding.. FWIW, IMHO, NAI.

[brucie5] 26/8/2014 13:01

Yes, chart beginning to look interesting, though to what extent this is in anticipation of results..? Resistance seems to be at 1.10, thereafter 1.40 is the year high.

[buba] 26/8/2014 12:11

Brucie5,despite the current tension this share has improved by more than 10% over the last few weeks,something must be right????

[brucie5] 21/8/2014 09:31

Would be interested to hear any bullish (or bearish) case for the share. The chart has caught my attention. Don't like the Russian connection very much, though, given current tensions!

[alphahunter] 19/8/2014 13:22

London, 18 August 2014 -- Moody's Investors Service (Moody's) views as credit neutral for Evraz Group S.A. (EVRAZ, Ba3 stable), the announcement that EVRAZ has signed a $425 million five-year pre-export credit facility (PXF) agreement with a syndicate of international banks, including Deutsche Bank AG (A3 negative), ING Bank N.V. (A2 negative) and Societe Generale (A2 negative). The transaction will enable the company to reduce the average interest rates paid on its debt, extend the average length of its loan portfolio and improve its maturity profile. This deal also illustrates the company's continued access to funding from international financial institutions during a period of geopolitical tensions between the US/EU and Russia over Ukraine, including sanctions. Interest under the facility is payable at a rate equal to LIBOR plus a margin calculated by reference to EVRAZ's net leverage ratio, currently set at 3.5%, and will amortise in equal quarterly instalments after a grace period of 24 months. The facility is secured by the borrowers' export revenues and is guaranteed by parent company EVRAZ plc and EVRAZ's trading company East Metals AG. The proceeds will be used to refinance the rouble-denominated bonds maturing in October, which bear an interest rate of 13.5%. EVRAZ continues enjoying strong pricing environment for rebars in Russia as a result of robust demand from end-user construction sector despite recent introduction of new long steel capacities by Russian steel makers. We expect that prices will continue to be strong in Q3 at the peak of construction season and that despite some weakening in prices, which is likely to take place in Q4, when the construction season is over, lower imports from Ukraine on ruble devaluation, concerns on reliability of supplies and potential actual supply disruptions, will continue supporting domestic market if Russia-Ukraine tensions are sustained. Evraz Group S.A. is one of the largest vertically integrated steel, mining and vanadium companies in Russia. In 2013, EVRAZ produced 16.1 million tonnes of crude steel, sold 15.5 million tonnes of steel products, and reported revenues of $14.0 billion. EVRAZ also generated reported EBITDA of $1.8 billion in this period. Evraz's principal assets are steel plants in Russia, North America, Europe, South Africa and Ukraine, iron ore and coal mining facilities as well as logistics and trading assets located predominantly in Russia. EVRAZ plc (unrated) currently holds 100% of the company's share capital. This publication does not announce a credit rating action. For any credit ratings referenced in this publication, please see the ratings tab on the issuer/entity page on www.moodys.com for the most updated credit rating action information and rating history.

[meijiman] 13/8/2014 11:41

todays RNS has gone down well. good contrarian play here -asset rich story.

[meijiman] 16/7/2014 07:48

looks to be a very solid Q2 update. But there is so much info that it needs plenty of reading -pricing environment looks better.

[meijiman] 04/7/2014 11:09

For any contrarians out there this could be a very solid investment.I think its properly run as well -clearly there are adverse headwinds but its cheap as chips.

[neilyb675] 17/6/2014 14:54

2 days of falling heavy, this is now in downtrend as before will be reliant upon geo-political news.....