Evraz Share Discussion Threads

[zangdook] 16/12/2023 13:00

I can't get through the paywall to read that article, but I find it hard to believe the West would do that, because the obvious result would be US and NATO assets seized and given to Libya, Iraq, Serbia etc etc, and then the world order as we know it would break down.

But it's probably a mistake to underestimate the stupidity of the Western political class.

[andrey aaa] 16/12/2023 12:44

Weekly update on Evraz plc situation:


1. There is an article in the Financial Times today that “G7 moves closer to seizing Russian assets for Ukraine”

As you probably understand that means that Russia in return moves closer to seizing all western property in Russia, i.e. Evraz PLC Russian assets. As one seller told me – the rift between the countries is getting wider with no sign of easing. Putin also said in his press-conference that the war will be till the end no matter what. Sanctions on North Korea, Siria, Cuba, Iran, USSR all lasted for decades and in some cases for more than 50 years. Putin stays in power until at least 2042.

2. I still value Evraz NA assets at 1 bln maximum (no free cash flow and losses for many-many years except 2022 – see previous weekly update for numbers), that does not cover the debt on Evraz PLC (1,5-3 bln USD depending how much money is debt within Russia).

So as soon as I get the Russian part of the assets under the 470 Rus law that takes the Russian assets from Evraz PLC (90% of all plc assets) and gives it to Rus citizens like me I will be selling my several hundred thousand Evraz PLC shares at 1 USD (0,8 pounds). Since there are no buyers, this will be the price for years to come.

3. Putin has told in his June 2023 speech that the “returning home” of the Rus companies abroad should be finished by the Rus Gov by 31/12/2023, so I plan to stop buying on 22th of December 2023. If you don’t want to lose your money you’d better hurry up. My main risk is missing the registry for the split to Rus and non-Rus assets so I need to close the deals before the deadline.

4. If you have a lot of shares – we can make a deal where you sell me the shares and can buy them back after I receive the Rus assets. I value Evraz plc at very low without Rus assets so I don’t need it afterwards. This way you get some money “dividend” from me and retain your shares with Evraz NA assets.

I still buy at $1 per share (minimum 8000 shares and you must have the paper certificate and be sane and cooperative), write me a direct message here

[adyzaky] 11/12/2023 13:13

Check your PM, I’ve spoken to Lloyds and they can get me a certificate, will take 3 weeks. I have 30k shares.

[zangdook] 10/12/2023 11:32

I don't have 8000 shares, and anyway I shall wait and see. If it really works out as you say I may as well donate my small holding to Russian charitable organisation that can get some money for them and help orphans or something. Of course the UK government would probably lock me up for an imaginary crime if I gave assets to a Russian entity...

As you can see I may not be quite sane either...but if you think this is a feasible route and you know of such organisations, let us know.

[andrey aaa] 10/12/2023 11:16

Thought to write on Monday, but have a little time now:

1. Putin has re-elected himself to be the president of Russia for 6 more years - you probably saw the news. This means the sanctions are here to stay for at least 6 more years. I personally think that he will rule till he is at least ninety, so 2042 is the time he realistically would step down and probably the sanctions gone. There are no elections so i don't see him gone earlier.

2. Ukraine ceasefire/peace options - if you think of any outcome they all continue the sanctions. Ukraine defeat = 100% sanctions, ceasefire = Russia retains new territories = sanctions, Russia's defeat would mean a 100% new attempt in 1-3 years so still sanctions.

3. Evraz has decided to pay for holders of the eurobonds IN RUSSIA it's 2024 700 mln usd eurobond payments. Foreign holders are still getting zero.

Payment is only with "хрk2;не 85;ие
084; в рос;сиl1;ск 80;х деп;озl0;та 88;ия
093;" i.e. within Russia. I always thought they have money in Russia, but the PLC is empty except for the Evraz NA assets, so I calculated them - see 4.

4. So I saw into Evraz North America reports to see “amazing”; results of the “amazing”; assets. They are even worse than I thought!

2014 last good year made 100-150 mln free cash flow

2015 minus 100-150 mln cash loss, survived because helped by the Russian assets

2016 minus 200 mln cash loss, survived because helped by the Russian assets

2017 minus 100 mln cash loss, survived because helped by the Russian assets

2018 minus 150 mln cash loss, survived because helped by the Russian assets

2019 minus 100 mln cash loss, survived because helped by the Russian assets

2020 minus 150 mln cash loss, survived because helped by the Russian assets

2021 50 mln cash PLUS! Makes some money!!!

2022 200 mln cash PLUS! Makes some money even after investment % and taxes!!!

So 10 years minus 450 mln USD negative cash flow. I still think that NA assets don’t cover the debt (3 bln USD of the last Evraz presentation) and existed only as an addition to Rus business that will be no longer there to help.

I still advise you all to read the asset stripping law to understand that there will be no dividends and no compensation until all the sanctions are lifted which is never (i.e. 2040s).

i still buy at $1 per share (minimum 8000 shares and you must have the paper certificate and be sane and cooperative), write me a direct message here or in telegram

[sdt7618] 28/11/2023 10:17

Hasn't change on mine was always still there at 82.52...... just a glitch I'd suspect on your deals comp system.

[zangdook] 28/11/2023 00:18

It's just HL having a stupid computer system. Nothing has happened.

[garycook] 28/11/2023 00:15

Showing on my HL SIPP,and Fund and Share account. But N/A
Evraz plc
Ord USD0.05
n/a

Showing 82.68p on the ADVFN Moniter, also you can contact by Phone HL for a live Price I believe.

[angus mcoatup] 27/11/2023 20:25

Anyone else found EVR suddenly reappeared back in their portfolio, price 82.52p? I have EVR in a HL ISA. Was just showing blank before.

[andrey aaa] 14/11/2023 12:54

Offer for shares made by a random on a bulletin board

and where your majesty should receive a proper offer and from whom?

[zangdook] 14/11/2023 02:42

It ain't what you do it's the way that you do it.

[zangdook] 13/11/2023 14:39

It also depends what the board of Evraz decide to do, I suppose, but I'm prepared to take the risk. If Western governments really go for broke with their "rules-based" anarchy and never give back the $300b then I'll have to write off my EVR holding. It can be my small part of taking responsibility for my government's behaviour.

I can understand others taking up your offer; if I'd had a larger stake here I might have too.

[andrey aaa] 13/11/2023 14:26

the problem with wait are $300 bln of "Putin's" money held in the west. As long as they are there, which seems to be forever, like 2040, the C accounts will be frozen. They have taken his money, he took foreigners money/assets. That's his logic, not mine.

[zangdook] 13/11/2023 14:01

"If the holding company does not apply for compensation, after the unfreezing of corporate rights, the shares in the capital of the Russian structure will be returned to it. Currently, the period for freezing IHC rights is until the end of 2024, but the restrictions may be extended."

I can wait.

[andrey aaa] 13/11/2023 13:55

People who write about scamming are you ok? what is wrong with you? Where is the scam in buying and selling stock? That's unjust accusations. Please show any proof of scam!!! before writing about it.

[andrey aaa] 13/11/2023 13:47

Today's Kommersant article about forced stripping of the assets of foreign companies based on the recent gov ruling hxxps://www.kommersant.ru/doc/6336146?from=main basically the main point is that the compensation for the ESOs will be frozen forever on the C accounts or the foreign company may chose to never apply for the money. So in both cases no money as I see it. In Evraz case that means that to cover the 3 bln+ debt they will have to use 1 bln worth of North America assets. May be some debt is in Russia, so that covers some, but still there can be a Petropavlovsk scheme here.

the Rus gov ruling (in Russian) hxxp://publication.pravo.gov.ru/document/0001202311100024

[davius] 13/11/2023 12:00

FFS some people are just begging to be scammed.

[magicalmidas] 12/11/2023 17:06

Hi,
I have paper shares about 18000...Please let me know if you are interested in buying, Im located Northern Ireland..Regards

[andrey aaa] 24/10/2023 10:48

Price lowered to $0,8 from $1 due to time for forced converstion running out. Next stop $0,5.

[sj74] 23/9/2023 10:39

I suppose they could on authorisation from OFSI, however NA is currently in the process of being sold so it's not in their plans.

[maxplus2] 23/9/2023 07:00

I meant demerging non Russian assets and list as a separate company

[sj74] 22/9/2023 20:32

Because it is sanctioned.

[maxplus2] 22/9/2023 17:29

Why can't EVR list in countries such as Kazakhstan to start trading?