Jpmorgan Emerging Europe... Share Discussion Threads

[smithie6] 26/4/2024 11:31

86.7p paid for 11k shares

[1998 crisis mk2] 26/4/2024 11:26

Russians stealing again, no surprise, just amazing its taken this long

Logliar PIP bot wins the wooden spoon again

[loganair] 26/4/2024 11:13

What can you expect, if the West steals the assets of Russia, especially the assets of the Russian state which is illegal under international law.

The best way round all this mess is for JP Morgan to swap their assets held in Russia with those frozen VTB assets in the U.S. otherwise it is going to be the little man that losses out again.

Most of the money under the new U.S. loan package for arms and equipment is to pay for the military equipment that the Ukrainians have already had but haven't paid for.

Any new military equipment will take at least 12 months before it starts to arrive in the Ukraine and more likely 2 years.

In the next 12 months the Ukrainians are likely to lose a further 200,000 dead with another 200,000 severally wounded, a total of 400,000 men which they do not have. More and more Ukrainians Brigades are refusing to go to the front lines as they know if they did so they'd be completely wiped out.

In the past villages that would have taken the Russians several months to take, they're now doing so in a couple of weeks or less.

[glavey] 26/4/2024 10:40

Current share price circa 79p comprising: JEMA NAV 49.19p, 'Loganwind' circa 30p
;-)

[smithie6] 26/4/2024 10:28

complicated situation

difficult for Ukraine people to now cope with living without some basic services in some cities/towns/areas, such as electricity

(& healthcare, education....

it is one thing coping for a few months but when it becomes endless it must be very difficult to support mentally

------

it doesn't look any/much closer to either side winning or winning 'enough' such that they would accept a ceasefire.

[dil 21] 26/4/2024 09:13

While little Joe Blogs in the east is having the time of his life fighting a war he doesn’t believe in.

[robertball] 26/4/2024 09:03

Well. Yes

[sbb1x] 26/4/2024 08:22

Russia steal jp Morgan assets?

[masergt] 25/4/2024 19:23

"Russia has begun its spring conscription campaign, forcibly enlisting Ukrainians from the temporarily occupied territories of Zaporizhzhya Oblast, Zaporizhzhya Oblast governor, Ivan Fedorov, reported on Telegram on April 25.

This move follows a decree from Russian President Vladimir Putin mandating the conscription of youth aged 18 - 30 within Russia, with the occupied Ukrainian territories receiving no exemption even though he'd said he would not conscript draftees from the occupied territories for at least five years.

Russia also plans to recruit 300,000 contract soldiers to avoid mass conscription.

Yevhen Balytskyi, the Moscow-appointed 'leader' of Zaporizhzhya Oblast, initiated the creation of "enlistment offices" in mid-April to facilitate this process. "Involving residents from occupied territories for service in the occupying country's army is a violation of international law," stated Fedorov, highlighting the legal breaches involved."

Putin trying to force Ukrainians to kill Ukrainians??? Here comes disaster, mutiny and firing squads ensuring UN / NATO are straight in there. Bring it on madman Putin. Let's get it over and done with once and for all.

[loganair] 25/4/2024 13:32

Putin has made it very clear to the West that Russia has over $200bln worth of Western assets currently held in Russia and that they would be seized on a dollar per dollar bases of any Russian assets seized by the West.

Who losses out, it will be the little man average Joe blogs in the West.

[loganair] 25/4/2024 13:29

The MOEX Russia index was muted at 3,435 on Thursday, as caution prevailed on the market, while investors digested a fresh batch of earnings reports.

Ros Agro (2.9%), Positive Group (2.8%), Ozon (1.5%), Polus (1.4%), and Rostelecom (1.2%) increased the most.

In contrast, MKB (-0.9%), GLTR (-0.7%), and BSP (-0.6%) declined. Furthermore NLMK and MMK slipped into the red, with the former being affected by drone strike at one of its facilities, and the latter meeting bad accounts receival.

[glavey] 25/4/2024 13:08

S/p now moving to reflect realities. Is that clarification for you?

[masergt] 24/4/2024 19:42

Hmm... Thanks Redhorse. It says the seizure does not apply to JPMorgan funds but it's a worry as I believe we're still holding some Russian stock.

Some clarification from anyone?

[redhorse2020] 24/4/2024 18:05

https://finance.yahoo.com/news/russian-court-orders-seizure-jpmorgan-090751323.html

[loganair] 24/4/2024 14:18

The MOEX Russia index was little changed at 3,440 on Wednesday, following yesterday's falls, as markets exercised caution ahead of Friday's CBR meeting and nearing May holidays. IT and construction sectors dropped the most, while metals & mining went up.

Among individual stocks, BSP (1.7%), Severstal (0.9%), Sberbank (0.6%), MosEnergo (0.6%), and NLMK (0.6%) were bullish. Severstal agreed with the FAS to reduce the fine in the “metallurgists’ case” by 10 times.

On the other hand, Inter (-1.3%), AFK Sistema (-1%), PIK (-1%), Sovcomflot (-1%), and Mechel (-0.8%) declined. Inter announced buying back 3% of its shares from an unnamed minority shareholder.

Traders also were attentive to MTS (-0.2%) since the operator recommended yesterday the payment of 35 rub. per share in 2023 dividends.

On the geopolitical front, the EU was preparing the 14th sanctions package.

Domestically, authorities presented a forecast for the Russian economy, with the GDP target for 2024 set at 2.8%.

[masergt] 23/4/2024 20:21

Or Laika turning up alive. Lol.

A stray mongrel from the streets of Moscow, she flew aboard the Sputnik 2 spacecraft, launched into low orbit on 3 November 1957. As the technology to de-orbit had not yet been developed, Laika's survival was never expected. She died of overheating hours into the flight, on the craft's fourth orbit.

On 14 April 1958 (after approximately 2,570 orbits), Sputnik 2 and Laika's remains left orbit and disintegrated on re-entering the Earth's atmosphere.

Typical of Russia's inhumanity and indiscriminate disregard for all forms of life.

[1998 crisis mk2] 23/4/2024 19:01

Oh dear logliar PIP bot on about the fantasy S account again

More chance of seeing lunar 25 return to earth

[loganair] 23/4/2024 13:08

Excluding Russia and cash held in their JP Morgan liquidly fund, JEMA's portfolio by region:

Middle East...57.0%
Africa........26.1%
Europe........13.1%
CIS States.....3.8%


Currently JEMA is focusing on Income generating companies/shares.

[loganair] 23/4/2024 11:28

Tatneft Dividend:

25.17 rub x 1,301,425 shares = 32,756,867 Rub into JEMA's "S" Account = circa £285k = circa 0.7p per share at an Exchange rate of 115 RUB to GBP.


As of 23rd April 2024 at 115 RUB to GBP JEMA's "S" Account + dividends still to be paid = 61p per share.

[loganair] 23/4/2024 11:25

The MOEX Russia index held at 3,480 on Tuesday, flat for the 2nd session, weighed by declining oil and metals prices and looming sanctions threats.

The EU announced possible inclusion of a ban on the import of LNG from the country in the 14th package of sanctions. Simultaneously, the US was preparing sanctions against Chinese banks working with Russia. Domestically, the authorities confirmed the extension of exporters' capital controls until the end of 2024.

However, they considered lifting the export duties for Rusal (1.9%) and purchasing the company’s products in reserve to limit the impact from the aluminum ban.

In positive news, Tatneft rose by 2.3% after recommending the final payment of RUB 25.17 per share for 2023. Meanwhile, TCS advanced by 1.3%, as Interros Group supported the proposal of Tinkoff for an additional issue of shares to integrate Rosbank into the structure of MCPAO TKS Holding.

Investors now turn to Sberbank dividend update and Severstal q1 results.

[masergt] 22/4/2024 19:02

BRICS? Ha ha logliar. It's a failing anti Western anti dollar community that talks a lot but achieves nothing. Even the founding partners can't get on with each other and just look at that list of corrupt third world dictatorships who want to join in case there might be some tasty development funds kicking about.

19 countries 'applied' to join last year. Look at them too: Iran, Saudi Arabia, United Arab Emirates, Argentina, Algeria, Bolivia, Indonesia, Egypt, Ethiopia, Cuba, Democratic Republic of Congo, Comoros, Gabon, and Kazakhstan expressed interest in joining the forum, according to 2023 summit chair South Africa.

The queue may well get longer but Putin's dream of global domination from the very start of his presidency by linking up with Brazil, India and China was never going to work. How can it when you see major conflicting self interests amongst the club members. Twenty three years later and no progress proves that.

Even "Jim O’Neill, the veteran economist who coined the term BRIC (the group did not originally include South Africa) when he worked at Goldman Sachs in 2001, blasted the plan this week.

“It’s just ridiculous,” he told the Financial Times Tuesday. “They’re going to create a BRICS central bank? How would you do that? It’s embarrassing almost.” O’Neill, now senior advisor at U.K.-based think tank Chatham House, argued that the group of nations has “never achieved anything since they first started meeting” in 2009 amid consistent infighting.

And then there's the actual external fighting with Russia poking it's troops into any 'useful' territorial gain and China's PLA now crossing India's borders. Modi is not happy about that.

Again, from last year's BRICS summit:

"Brics is now a motley crew of failing states. From Russia to China and Brazil, these nations face major problems, with the notable exception of India.

CON COUGHLIN
DEFENCE AND FOREIGN AFFAIRS EDITOR
24 August 2023 • 6:00am

Only Modi's India has escaped the Brics curse.

Listening to Vladimir Putin’s comments to the Brics summit in Johannesburg this week, one could be fooled into thinking that the West is about to be replaced by a powerful new trading bloc of economic powers challenging the dominance of our democracies.

In the parallel universe the Russian leader inhabits, the five founding members of Brics – Brazil, Russia, India, China and South Africa – are about to undertake a radical overhaul of the global system, replacing tired post-war institutions such as Nato and the UN with a new approach that reflects the wishes of the “global majority”.

Based on the principles of “equality, mutual support, respect for each other’s interests”, Putin believes “the future-oriented strategic course of our association” is to create an alternative global structure that better meets “the aspirations of the main part of the world community”.

What more needs saying about Putin's lies and insanity. Or indeed yours, logliar, repeatedly posted on here from that same parallel universe!

[loganair] 22/4/2024 15:39

The MOEX Russia index rose 0.2% at 3,476 on Monday, as investors weighed the correction in oil and metals against earnings reports.

Unipro (3.9%), Surgut (1.7%), Aeroflot (1.7%), Ozon (1.7%), and Ros Agro (1.5%) were the most bullish. Today Surgut is holding the meeting of company's board of directors to discuss the dividends. Meanwhile, Ros Agro presented the 45% growth in its revenues before inter-segment eliminations year over year in Q1 of 2024 thanks to rising sales in the oil and fat business. X5 also revealed a 27.3% increase in its total revenues for the period, beating the market estimates. However, its trade has been suspended amid the process of transferring ownership, with a court meeting scheduled for April 23rd.

On the negative side, Polus (-1.3%), Seligdra (-1.2%), Rusal (-0.8%), and Segezha (-0.7%) stood out. Rusal declined along with Norilsk Nickel after accusing the latter of understating the prices of sold assets.

[brwo349] 21/4/2024 22:25

I'm on Israel's side in general but they've screwed it up with their indiscriminate bombing campaign. No excuse for bombing Palestinian civilians. That's Russia's modus operandi.