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Evraz – shares down, risk up

The Russian steel, coal and iron ore company's poor first-half results have sparked a collapse in the share price that may go further
October 24, 2019

Shares in Russian iron and steel giant Evraz (EVR) are at an 18-month low just four months after hitting an all-time high. The collapse was sparked when three directors picked a great time to sell off millions of shares – chairman Alexander Abramov sold two lots of more than 8m shares in March and July, both times bringing in over £50m.

IC TIP: Sell at 379p
Tip style
Sell
Risk rating
High
Timescale
Medium Term
Bull points

High dividend yield

Dominant market position in Russia

Bear points

Share sales by directors

Falling demand for steel across Russia and the US

Downward share price momentum

High debt

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