Author Topic: EAF - GrafTech  (Read 9246 times)

bjakes00

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Re: EAF - GrafTech
« Reply #60 on: February 11, 2019, 01:24:16 PM »
They haven’t officially changed their minds, it was the price they seemed willing to transact at post the IPO. There won’t be any buybacks until the share price can get back there again.
In any case they’ve committed $100m now to paying down debt which seems prudent.


heth247

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Re: EAF - GrafTech
« Reply #61 on: March 04, 2019, 04:11:22 PM »
Nobody bothered by the S-1 filing today that Brookfield want to sell at $14.36?  I guess the buyer would be the company itself again?

bjakes00

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Re: EAF - GrafTech
« Reply #62 on: March 05, 2019, 01:33:23 PM »
Not sure the buyer would be the company itself again - they desperately need to get more liquidity in the market. Also would be happy if the company bought some of it but hopefully a large chunk goes to the market.
Interesting that they are willing to transact at this price but it might be BAM recognising that the stock is held back by liquidity. I saw something similar happen with OEC IPO in 2014 and the follow ons - i.e., as soon as they got enough liquidity going the stock was able to start moving more "freely".

bargainhunter

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Re: EAF - GrafTech
« Reply #63 on: April 23, 2019, 08:33:43 AM »
Big hit after that Citi downgrade. The sellside is typically a great reverse indicator. Does anybody have any insight into the graphic electrode pricing issues/capacity expansion in China they reference (don't have access to the full report)?