Aurrigo Share Discussion Threads

[engelo] 23/8/2010 18:57

Enviro: also curious that there was a climb followed by a retrace in both April 09 and April 10.

Would expect a rise up to or after the NAV figures in June and Dec but this never seems to happen. Still hopeful for Dec this year though!

What would really liven things up would be firm plans to bring just one of the p/folio to market.

[envirovision] 23/8/2010 16:20

edit maybe not then, interestingly it was this time last year it began its sharp climb to 44p

[envirovision] 23/8/2010 10:01

Looks like theres a seller at 30p to me, but just a guess, its good to see its on Killiks radar, its about time it got some attention.

[darcon] 23/8/2010 08:51

The rise might be in response to a recommendation by someone at Killik according to a poster on the iii board.

Looking at the volume it seems mostly like a series of smaller buys so possibly a number of retail investors. If that's the case then MMs may be hiking the price and will drop the price back again once the buying peters out in the same way they have done before.

[envirovision] 23/8/2010 08:37

Getting past 34p would be something.

[darcon] 22/8/2010 21:44

That might be Aurora Russia Advisors, the vehicle of the managers, in which case it won't be in the present pot of assets of AURR.

[loobrush] 22/8/2010 21:19

Found on the web

WORKFORCEBANK has become a partner of Aurora Russia in selling goldmining fields in Irkutsk region, Russia


WORKFORCEBANK has become an exclusive partner of Aurora Russia in selling goldmining fields Zagen Gol. Experts estimate that the mines are one of the three largest deposits of gold of Buryatia and Irkutsk regions of Russia. If you have any questions please contact us on [e-mail].

Anyone know anything about this

[loobrush] 22/8/2010 21:02

Times money

Being tipped on the front page of the Times Money section today by Mick Gilligan at Killik brokers, also pointing out that at 28p shares are at a 68% discount to NAV.

[envirovision] 27/7/2010 14:09

Well not very clear at all what happened there, Lloyds reduced but only 780K no where near 3%, wonder what did happen then.

Auroras advisers are banging the exit drum a little more loudly this month, I wonder if they have something on the horizon, from latest the monthly update:

Russia remains the largest underserved consumer
market in Europe and our portfolio companies are poised for exit, some
as market leaders in their sector. Now that the Russian market is
growing again, we expect to see the return of trade and financial
investors in Russian companies as they seek returns above those they
can achieve in their traditional markets. We therefore anticipate that as
this trend develops we will have more opportunity to exit our
investments favourably, thereby maximising returns for all Aurora
Russia's shareholders.

[envirovision] 21/7/2010 20:57

Thats a big old trade over 3% looks like someone sold to me.

[davebowler] 21/7/2010 15:45

Big volume.

[envirovision] 02/7/2010 13:27

Presentation of results now on web site worth a read.

[envirovision] 01/7/2010 12:39

I have 100,000 of these and have no intention to deal but in the past I have been able to easily buy and sell in lots as big as 25,000 online.

[aleks_atanasov] 01/7/2010 12:19

yes but you probably cant deal at that prices..

[envirovision] 01/7/2010 11:41

Yes it can and does happen.

[aleks_atanasov] 01/7/2010 11:14

anybody see that 20% rise in 1 minute ?

[hugepants] 30/6/2010 08:23

Finals:


Operational highlights



· £73.9 million invested in five companies, three of which are leaders in their field

· Successful fundraising of £15 million and acquisition of additional 45.5% of OSG

· Intention to return up to £105 million over time to shareholders from proceeds of sale of Company's investments



OSG

· OSG remains the largest records management company in Russia, Ukraine and Kazakhstan

· Increased stake in OSG to 95.5% following the Placing in January

· OSG continued its expansion in Russia and as of Q1 2010 operated in 20 cities (up from 13 in 2009)

· For the year ending 31 December 2009, revenues in Russia grew 30% year-on-year in RUR terms while Poland grew 27% year-on-year in PLN terms

· EBITDA up 26% to £1.7 million for year ended 31 December 2009



Unistream Bank

· Unistream had c.21% of the outbound money transfer market according to Q1 2010 statistics published by the CBR

· Rationalized proprietary distribution network by shutting down 88 under-performing cash desks at the end of 2009

· Despite closures, the volume in Unistream's cash desks held up well and grew 4% year-on-year in Q1 2010

· Revenue for the year ending 31 December 2009 was £51.9 million which was down from £55.1 million compared to the prior year period, due to the impact of the economic environment on the construction industry

· EBITDA was £1.3m down 55% year-on-year



Superstroy

· Focus in 2009 on conserving cash and reducing net debt

· The company's revenues declined by 14% to £132.4 million impacted by fall in DIY market in Russia with most of the decline due to its wholesale operations while retail sales were down by only 8%

· Reduction in net debt to £7.7 million from £14.2 million and increase in EBITDA from a negative -£1.1 million to a positive £3.5 million for the year ending 31 December 2009



Kreditmart and Flexinvest

· Kreditmart impacted by significant contraction in mortgage market

· Shift in focus to insurance and consumer loans

· Both Kreditmart and Flexinvest Bank together have net cash of £5.5 million and £20.5 million in assets as at 31 March 2010

· Principal assets as at 31 March 2010 include a mortgage book net of provision of approximately £8.3 million, yielding 11.7% p.a.



Commenting, Dan Koch, Chairman of Aurora Russia, said:



"Three out of five of our companies are considered to be leaders in their respective markets and we are satisfied that each of them has done what was necessary to maintain this position through the crisis and set a platform to achieve their growth aspirations as and when the Russian market recovers. Economists and analysts have varying views on the strength of the Russian revival but all seem to believe that the country has come through the worst and is now in a good position to grow again over the foreseeable future and to continue to develop as a market economy with an improving international reputation."

[envirovision] 22/6/2010 14:51

Aurora advisors investment report out. In particular from this months report:

The Central Bank of Russia has recently published its quarterly statistics on Russian inbound and outbound remittances. It is encouraging to see that after a year that saw Russia's outbound transfers decline 27% in USD terms, the Russian outbound market has started growing again with Q1 showing a 29% growth year-on-year in USD terms. In light of this, we expect our investment in Unistream to benefit from the resumed growth in the market.

[empirestate] 22/6/2010 12:22

this is exceptional value, stats should be nxt week hopefully

[envirovision] 07/6/2010 10:51

Manager of Neptune Russia and Greater Russia, Robbin Geffen, says that Russian Economy is in a position to double in value within the next year. He has said that Russia will become one of top five global economies over the next 15 years.

[envirovision] 26/5/2010 11:26

Aurrora monthly report out. From the report:

RBK recently published their annual report on the DIY sector in Russia
estimating that the DIY market shrank 9-10% in rouble terms, broadly in line
with last year's performance of our DIY investment, Superstroy. According
to the report, we should start to see growth in DIY consumption in the
second half of 2010 and the market could grow as much as 20% in 2010.

[envirovision] 30/4/2010 15:51

Hi dave it does look good, I got in on the rns yesterday and out this morning for a quick 10% as the crowd surged, but im a bit cautious there, having been personaly stiched up by chineese businesses in the past and a great believer if something looks to good to be true and all that.

[davebowler] 30/4/2010 15:14

Have you looked at PMHL-its below cash value ( with more to come )and residual profitable assets too.