Huge Stock Market Losses

Can we learn from others mistakes?

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Bulletin Board Market chatter;

http://www.advfn.com/
http://www.lse.co.uk/

Thursday 10 March 2022

EVR - suspended. Not suspended in the first round of stocks affected by sanctions.

 



stewar0610 Mar '22 - 10:59 - 2859 of 2948  (From ADVFN)

Just tried to sell.

Message came back as "this stock has been suspended"


Racctastic (From Lse)

Posts: 19

Price: 82.52

RE: whyFri 14:37

My own, non expert understanding of this is that we're seeing some populist kneejerk politics driven by xenophobic hate. Right now Russia is the big bad, and by extension the government will go after anything that looks or smells Russian, to please what they perceive to be the majority of the population. The fact that Evraz makes steel and Chelsea play football no longer matters. I think the board saw this and saw that getting some Russian sounding names out of the way would look good, so that's what they've done. They can't do anything about RA but if they put in a bunch of new people, preferably with very British sounding names, and wearing Ukraine flag pin badges for good measure, it will take the eye of Sauron off Evraz, which is good for us all. I think we're seeing politics here, not business, and it annoys me, but that's my observation so far.


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