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Mechel PAO (MTL)

NYSE - NYSE Delayed Price. Currency in USD
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1.8600+0.0300 (+1.64%)
At close: 4:00PM EST
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  • m
    maurice
    I bought 10000 shares , im not sure how high this thing will go up
  • a
    alan
    This company sill be successful in about a year it take Nickle and lithium to make these electric cars for our future metal prices will go up and this company has a bright future I believe
  • M
    Mathew
    Company revenue is around $250 Billion a year, clean profit is of around $2.4 Billion a year, and the market Cap for this beauty is only around $500 million, I'm not going to even say how much they own in Assets. all this taken in account the price of steel will most likely keep Rising high this year. all this being said I dont care har far this company will go down, im not selling. In my opinion sooner or later it will correct itself and will probbly reach the $15 mark.
    Bullish
  • M
    Mathew
    Still in long
    Bullish
  • b
    blackoutbuzz
    The circus is looking for new acts.
  • b
    blackoutbuzz
    Looks like the two ring circus starring JP and Ryan has left town.
  • J
    JP
    It's a steal to buy this at .60.. bought 10,000.. It'll be over $1 in no time
    Bullish
  • D
    Dan
    buy the volume change and short squeeze coming to 2.3 grab the 25% move in 30 to 45 days
  • M
    Michael Midiri
    why so much volume?
  • M
    Michael Midiri
    does anybody got any recent news?
  • s
    sharpie
    Mechel may buy part of stake in Elgin coal field from Gazprombank
    The company notified the bank of its desire to acquire 34% of Russia's largest coking coal deposit

    Mechel accepted Gazprombank's mandatory offer to buy back a stake in the Elgin coal project, a representative of the bank told Vedomosti. According to him,Mechel agreed to buy 34% of Gazprombank's 49% of the project. We are talking about shares in three LLCs: Elga Road, Mechel Trans East and Elgaugol. A representative of Gazprombank did not provide any other comments.

    Mechel now has 51% of Elga Road,Mechel Trans East and Elgaugol. The representative of Gazprombank does not say what the fate of the remaining 15% will be.

    A Mechel spokesman confirmed the offer.

    The Elgin coal mine is located in Yakutia. It is Russia's largest coking coal field with reserves of 2.2 billion tons.

    The cost of the packages in the project for the buy-back of the three Mechel AND Gazprombank LLC was agreed in advance, when in 2016 Gazprombank bought 49% of the Elgin field. Then the parties agreed that Gazprombank three years after the acquisition has the right to sell shares in Elgin companies, and Mechel has the preferential right to buy them. But the value of these shares will be determined based on the central bank's rate and the bank's rates. Now the value of 49% of the package is 46.5 billion rubles. Thus, the purchase of 34% by Mechel in the companies of the Elgin Cluster could bring Gazprombank 32.3 billion rubles, or only 1.9 billion rubles. less than the bank paid for a 49% stake when it bought it in 2016.

    It is not known how Mechel can buy shares in the Elgin project. The company itself does not have such money. At the end of June, Mechel's accounts had 2.8 billion rubles.

    In August, A-Properties, one of the founders of Yota telecommunications operator Albert Avdolyan, filed a petition with the Federal Antitrust Service (FAS) to acquire 49% of Gazprombank's Elgin field.
  • Y
    Yahoo Finance Insights
    Mechel is up 9.85% to 2.23
  • L
    LadaNiva
    Looking good for the preferred shares in 2020!!! By my rough calculations, the Pref. ADR's should get a dividend of approx. $0.15 per share based on the $12.6 billion ruble net income. However, hidden away in the numbers is a 25.8 billion ruble Foreign exchange loss (calculated at 12/31/18 when the Ruble was at almost it's lowest point). If you back out the FX loss, the net income would have come in at over 38 billion Rubles, indicating a dividend on the Pref. ADR's of over $0.45 per share. Assuming 2019 earnings are on par with 2018 and assuming zero FX adjustment, the Pref. ADR's could easily pop to $4 or more by this time next year (assuming it trades at 10x the forecast dividend). Not bad for those willing to hold.
  • s
    sharpie
    Let the countdown begin...

    Mechel Igor Zyuzin has four more months to buy 34% of the Elga project in Yakutia from Gazprombank, the deadline is January 20, 2019, Bloomberg reported, citing sources familiar with the situation. The company, which already owns 51% of Elga, really received 120 days to purchase this package from the moment it accepted Gazprombank's offer. The deadline will expire in the region on January 20, two sources close to different sides of the negotiations told RBC.

    The fact that Mechel accepted the offer of Gazprombank became known on Monday, September 30. In fact, the offer was accepted earlier - September 18–20. From the moment of acceptance, the countdown begins 120 days, both interlocutors of RBC say...
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  • L
    LadaNiva
    Must be news but I haven't found it yet. Mechel up big in Moscow (11%+ on the common and over 7% on the pref.) in early trading. Common had been up 15% but has now pulled back. Searching for some news if anyone has it.
  • s
    sharpie
    An interesting happening surrounding Mechel's debt. I hope VTB is doing this to make it easier to work with Mechel.

    VTB has collected half of the debts of Mechel

    VTB became the main creditor of Mechel - almost 50 billion rubles passed the debt from Sberbank to it. The transaction, according to RBC, was held in an exchange format: Sberbank, among other things, received debts of Eurocement Group Filaret Galchev to VTB

    Подробнее на РБК:
    https://translate.googleusercontent.com/translate_c?depth=1&hl=en&prev=search&rurl=translate.google.com&sl=ru&sp=nmt4&u=https://www.rbc.ru/business/07/11/2019/5db185159a794732ea6a7b5d&xid=17259,15700021,15700186,15700190,15700256,15700259,15700262,15700265,15700271,15700280,15700283&usg=ALkJrhh9PGJcMGVc7rCQFRAg1Jg1aO1VHw
    Google Translate
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  • Y
    Yahoo Finance Insights
    Mechel is up 9.05% to 2.17
  • Y
    Yahoo Finance Insights
    Mechel is up 9.05% to 2.17
  • b
    blackoutbuzz
    MTL askiing its debtholders for four more years...

    @@@MOSCOW, July 24 (Reuters) - Russian coal and steel producer Mechel has asked banks to push back its debt repayments to 2024-2026 from 2020-2024, Interfax news agency cited an executive at Russian state lender Sberbank as saying on Wednesday. Mechel, once on the brink of bankruptcy, has been in restructuring talks with its lenders for several years. Its debt to Russia's three largest state-controlled banks - Sberbank, VTB and Gazprombank - stands at 347.5 billion roubles ($5.5 billion). Mechel submitted a new restructuring proposal to the banks in June, chief financial officer Nelli Galeeva was cited by Interfax as saying at the time, adding that the company hoped an agreement could be reached before the end of the year. Sberbank is considering Mechel's request, the lender's deputy board chairman Anatoly Popov was quoted as saying by Interfax on Wednesday. Mechel declined to comment. VTB said Mechel was repaying its debts on schedule and its proposal would be considered in due course, Interfax cited the lender as saying.

    Gazprombank said it had not yet received an official request from Mechel, Interfax reported.

    https://finance.yahoo.com/news/1-russias-mechel-seeks-postpone-145317744.html
    Russian coal and steel producer Mechel has asked banks to push back its debt repayments to 2024-2026 from 2020-2024, Interfax news agency cited an executive at Russian state lender Sberbank as saying on Wednesday. Mechel, once on the brink of bankru
    Russian coal and steel producer Mechel has asked banks to push back its debt repayments to 2024-2026 from 2020-2024, Interfax news agency cited an executive at Russian state lender Sberbank as saying on Wednesday. Mechel, once on the brink of bankru
    finance.yahoo.com
  • L
    LadaNiva
    Major Milestone just hit today! First time in the history of the stock, at least as far as I know, that the Pref. has passed the Common on the Russian exchange. As I've been preaching for the last five years (to the criticism of many), the Pref. should be selling at a premium to the Common since it will likely receive dividends for several years before the Common starts paying dividends AND, most importantly, the dividend on the preferred cannot be less than the dividend on the Common. Go back in the history of dividends and the pref has always paid more (most times many multiples) than the common dividend. Anyway, to the few preferred believers out there, mark today on your calendar as a historical event!