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Mechel PAO (MTL)

NYSE - NYSE Delayed Price. Currency in USD
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5.00+0.04 (+0.81%)
At close: 4:02PM EDT
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  • B
    Boyplunger.com
    Boyplunger.com

    Are we finally breaking to the upside with iron ore at $75+ and steel prices firming?
    "Korshunov Mining Plant is one of Russia’s largest iron ore enterprises and the only one such in Eastern Siberia."
    https://pbs.twimg.com/media/DGn7LqDXYAAgN3i.jpg:large

  • L
    LadaNiva
    LadaNiva
    Anyone know if the company has actually paid the preferred dividends yet? I thought they were supposed to be paid on or about July 25th so don't know if the company paid them and the ADR dividends are being held up by the sleeze bag custodian Deutche Bank, or they haven't been paid. Normally, it shouldn't take more than two or three business days for the custodian to get them into the brokerage accounts. My guess is they are being held by those douche bags at Deutche Bank.
  • P
    Patrick Murphy
    Patrick Murphy
    Will they sell the rest of Elga I heard some talk of this and how much do you think they can get for it?
  • A
    Abigail
    Abigail
    The trading setup for MTL looks very enticing. I started receiving notifications from awe-som_sto-cks the other week and so far they have presented interesting new trade ideas.
  • b
    blackoutbuzz
    blackoutbuzz
    Arcelor (MT) reported Q2 earnings today. Outlook looks good, especially in CIS region

    @@@Outlook and guidance : 2017 global ASC (Apparent Steel Consumption) is now expected to grow by approximately +2.5% to +3.0% (revised up from previous forecast +0.5% to +1.5%).In Europe, ArcelorMittal expects the pick-up in underlying demand to continue, driven primarily by strength of the construction and machinery markets, and apparent demand is expected to remain at +0.5% to +1.5% in 2017 on top of around 3% growth in 2016. In the CIS, ASC is expected to grow +2.0 to +2.5% (revised up from previous forecast of -0.5% to +0.5%) reflecting stronger economic growth in Russia. In China, ASC growth of +2.5% to +3.5% in 2017 (revised up from previous forecast of -1.0% to 0%), primarily due to strength in real estate and machinery.
  • S
    Setty
    Setty
    Just when things are looking up. Mechel ordered to pay 12.7B rub in lawsuit by former partner who intends to sue up to 60B rub. Mechel is attempting to appeal the ruling. A person could write a compelling drama series on the ups and downs of Mechel.
  • L
    LadaNiva
    LadaNiva
    I'm still surprised at how the Pref. shares lag the Common given the terms of the Pref. guarantee the Pref. dividend can't be less than the dividend on the Common. Now that MTL is starting to generate positive net income, the Pref. shares will receive dividends while the Common receive nothing for several years until the debt levels are reduced. By my way of valuation, I'd think the Pref. should be selling at a decent premium to the Common instead of a significant discount. Preferred ADR's will get about $0.09 per share in mid-August and, by my rough estimates of 2017 earnings, somewhere between $0.20 and $0.25 next year, giving me a current value of at least $1.40-$1.60 ($2.00 or more once we get a couple more quarter's of positive earnings) on the Pref. ADR's, now selling for $1.02. The risk/reward on the Pref. is a hell of a lot better than on the Common, at least in my humble opinion.
  • S
    Setty
    Setty
    Nearly a $.09 dividend approved for preferred. Nice little dividend and hopefully just a start. Next year, we could be looking at a payout 3-4 times higher if good things continue. I won't hold my breath, but at least this dividend will pay for 3 years of ADR fees, so I will hold my position :)
  • I
    Investrman
    Investrman
    Well, I'd be satisfied seeing that 3.75 area finally traded thru especially on backs of G7 and Poland visit right now, and statements against Russia in general...
  • M
    MAGA
    MAGA
    this stock is going nowhere. had agent Orange #$%$ ,it could have been $20-$30 stock. no complaints here.I just sold the last part of my MTL holdings and I will have to pay some hefty tax on this profit. all the money is in AKS. American steel company that will pop after section 232 announcement. good luck
  • b
    blackoutbuzz
    blackoutbuzz

    TECK update on met coal contract prices and it looks pretty good. On the downside, USA wants to add new sanctions on Russian miners, and there's more steel duty rulings to come.

    @@@VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 15, 2017) - Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") today provided guidance for expected realized steelmaking coal price and an update on volumes for the second quarter of 2017. The second quarter 2017 price for steelmaking coal sold under quarterly contract has been established based on an average of three assessments, which results in pricing of approximately US$190 per tonne. This index pricing mechanism will apply effective April 1, 2017, and for future quarters.
    Teck now expects its second quarter average realized coal price to be between US$160 and US$165 per tonne. The differential between the quarterly benchmark price and our average realized price for the second quarter is larger than usual. After steel mills filled their prompt requirements immediately following the Queensland cyclone, there were very few prime hard coking coal spot sales during the four week period from mid-April. Steelmaking coal sales volumes for the second quarter of 2017 are expected to be between 6.8 and 7 million tonnes. Final quarterly sales will depend on timing of shipments.

    http://www.marketwired.com/press-release/teck-updates-steelmaking-coal-guidance-tsx-teck.a-2222182.htm

    Teck Updates Steelmaking Coal Guidance
    VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 15, 2017) - Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") today provided guidance for expected realized steelmaking coal price and an update on volumes for the second quarter of
    www.marketwired.com
  • L
    LadaNiva
    LadaNiva
    $0.09 Preferred ADR dividend coming in August! At least it will cover my ADR fees for the last three years! Now, if we can get two or three more quarters of positive earnings, this baby will really start to move. If you back out FX gains from 1st Q earnings, we could still see a 2018 dividend of around $0.25-$0.30 per ADR unless Met Coal takes a big dive later this year. Assuming 2nd Q earnings are in line with 1st Q, the Pref. ADR could easily be in the $2.00-$3.00 range. Meanwhile, those holding the common will be sucking wind for the next several years until the dividend restrictions are lifted by the creditors which could be a long way off.
  • L
    LadaNiva
    LadaNiva
    Wish this company would provide more transparent disclosures. Unless I missed something, they have yet to say whether any of the creditor agreements have prohibitions on the company paying Preferred Dividends according to the 20% of net profit terms of the shares. I'm fairly certain there are dividend restrictions on the common shares but haven't seen anything disclosed about the pref. share dividends. Likewise, it would have been good to know the specific terms of the Elga sale to Gazprom since the terms themselves have a material impact on the company's valuation. Guess the lack of transparency is part of the the price we pay to hold the shares but it's frustrating they don't provide basic disclosures about material issues.
  • I
    Investrman
    Investrman
    Earnings out. OK but overall revenues below 2016Q4 still. Profit attributed ONLY to shareholder stakes for now...

    "“In total our consolidated revenue was 77.4 billion rubles for the reporting period, which is 3% less than in the fourth quarter of 2016, while EBITDA went down by 7% and reached 22.8 billion rubles. At the same time, our net profit attributable to equity shareholders of Mechel PAO for the first quarter went up by nearly nine times, reaching 13.9 billion rubles.”
  • Y
    Yahoo Finance Insights
    Yahoo Finance Insights
    MTL is up 9.27% to 5.54
  • I
    Investrman
    Investrman
    Democrats refuse to STOP Russia blame games ... US Steel devastated now along with AKs and others as their PPS tanks 50% + in last couple months' time...

    I just don't know anymore.
  • b
    blackoutbuzz
    blackoutbuzz
    Meanwhile for FY16 NILSY is set to pay a total of 1.47 giving a yield of ~10%. By far the best Russian company I have ever held.

    @@@April 28, 2017 Moscow – The Board of Directors of PJSC «MMC «Norilsk Nickel», one of the largest refined nickel and palladium producer in the world, has recommended for the Annual General Meeting of shareholders approval the dividend payment for the full financial year 2016 in the amount of RUB 446.10 per ordinary share (approximately USD 7.83 at the RUB/USD exchange rate the Russian Central Bank as of 28.04.2017).
  • b
    blackoutbuzz
    blackoutbuzz
    FY16 turned a profit but MTL may not pay a dividend to preferred shareholders, contrary to its charter, due to new covenants on restructured debt.

    @@@Oleg Korzhov So answering this question, I would say that the size of the dividends on the preferred stock is about 25% from the net profit under the annual consolidated IFRS report. Now whether we’re going to allocate this to the dividends or not is not yet clear. It depends upon several factors. First of all, it has to be approved by the shareholders meeting. Secondly, we do have other limitations. It is correctly stated in paying dividends under the covenants with the bank, we’re not going to be able to pay that without receiving an approval from the banks.
  • I
    Investrman
    Investrman
    Annual Earnings Missed Consensus (Year ending 12/2016) Next Earnings Announcement
    Annual Non-GAAP earnings
    Announced April 26, 2017 -$0.76 Annual Consensus
    of 1 analysts $0.36 Difference from
    consensus
    -147.37%
    2017 Earnings
    will announce (Unconfirmed) July 25, 2017
  • B
    Boyplunger.com
    Boyplunger.com
    Debbie... Debbie... PKX expects contract benchmark prices for coking coal to reach more than $200/metric ton in Q2; before the cyclone, it had forecast contract benchmark prices of $150-$170/ton for the quarter.