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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Rose Grp | RGI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.625 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.625 | 0.625 |
| Top Posts |
|---|
Posted at 05/2/2010 16:29 by andrbea Feb 2Moscow times on Russian property market: From June to December 2009, the investment market that had been silent for more than half a year started to take off slowly, because of some rising interest from local investors. But this created a dramatic gap between its foreign and domestic legs: While local investors in offices were considering initial yields of about 11 percent to 13 percent, foreign investors would not even look at Russian properties for yields lower than 15 percent to 16 percent. The last two months of 2009 finally saw a significant increase in rental rates. This situation was very specific to Russia and can be seen mainly as a technical rebound because of the overreaction in the first part of the year. After dropping from $2000/sq.m. to $600/sq.m. in the first six months of the year, prime office rents increased to $900-1000/sq.m. between October and the present day. This was probably a technical rebound, and we should now see rents growing at a much slower pace. However, if on the contrary the market keeps increasing fast and within the next three years rents in Russia increase to the level of early 2008, the real estate market will face a very dangerous situation: Better availability of financing and the rising appetite of local investors, coupled with rents that are increasing faster than in Europe and the U.S., will trigger an increase in prices. This would prevent yields from reaching higher levels (14 percent to 16 percent) that could attract foreign investors. Russian real estate would then become again, like in 2008, an exclusively domestic market disconnected from the rest of the world - high rents, high prices, and nonattractive yields in Russia versus lower rents, lower prices, and more attractive risk reward in Western Europe and the U.S. The year 2009 taught us how fast and deeply the Russian real estate market, disconnected from the rest of the world, could crash because of a combination of exogenous macroeconomic factors - the next three years will show us whether we have learned something from these lessons. |
Posted at 02/6/2009 15:02 by andrbea :-)here's some stories (keywords: Moscow + property) JUNE 2, 2009 Russian Stocks Up 85% in 2009 Russian stocks surged Monday, with higher oil prices and optimism over a global economic recovery encouraging investors to flock to this year's best-performing emerging market. The RTS index jumped 7.3% to 1167.42, its largest one-day percentage gain since March 10. For the year, the index has climbed 85%, compared with the MSCI Emerging Markets Index, which is up 36% for the year. It is a remarkable reversal for Russia, which was the world's worst-performing emerging market last year. |
Posted at 27/3/2009 08:00 by andrbea R.G.I. International: Surged ¢10, or 42%, to ¢32, amid talk that D.E.S Commercial Holdings, the company's largest shareholder, had approached some of the other investors, including Henderson, about acquiring their stakes. |
Posted at 02/6/2007 09:26 by darcon The following information is not related to RGI but is important for any evaluation of the sector:PIK Group, a Moscow-based property company, floated its GDRs yesterday at bottom of indicative price range according to Financial News raising $1.85bn (1.38bn). Other points of note in the Financial News article: - pricing is linked to "a recent fall in Russian equities which has pushed the total slide in the country's stock market to more than 7% for the year to date." - "PIK Group shares were priced at the bottom of a $25 to $31 range, valuing the business at $12.3bn" "Deutsche Bank, Morgan Stanley and Nomura led PIK Group's listing, which earned the banks a total of $55m in fees and commissions." "PIK Group's listing is the largest in Russia since the flotation last month of the country's second largest financial group VTB, which raised $8.2bn in a London and Moscow share sale." "The Moscow equity market has been hit by heavy falls recently, which analysts have struggled to explain. Some have suggested that the large volume of new share issues might have led investors to sell existing Russian holdings to finance investment in fresh offerings." Last para above may also explain recent small retreat in RGI price |
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