Jpmorgan Emerging Europe... Share Discussion Threads

[loganair] 29/2/2024 11:01

The MOEX Russia index rose 0.5% 3,245 on Thursday, extending its gains for the second session, as investors awaited more corporate results and eyed the speech of the country's President Putin.

Today Polus will be presenting its financial statements for 2023 and Raspadskaya will be holding the meeting of Board members to decide on dividends. Among sectors, construction and transport posted solid increases, while IT declined.

As for individual stocks, Samolet (3.3%), Inter (2.1%), Polymetal (1.9%), and GLTR (1.1%) were the best performers. The former reported a 15.7% growth in its net profit yoy in 2023.

On the negative side, PIK (-1.2%), Rostelecom (-0.7%), Rosseti (-0.7%), and Ros Agro (-0.6%) dropped. Also, Novatek traded in the red, as the launch of Arctic LNG-2 project was in jeopardy due to sanctions on LNG tankers.

[dil 21] 28/2/2024 21:45

Yeah I heard that too log … and UK was going to take back control of the US , Canada , Australia , India and a host of other countries.

[masergt] 28/2/2024 21:07

lol. When did you ever get anything right?

[loganair] 28/2/2024 16:07

Since Macron of France mentioned about NATO troops going into the Ukraine, there is more and more talk by the Poles in Poland, that the Polish Government will move to put in a so called peace keeping force in the 5 Western Ukrainian Oblasts (Volyn, Rivne, Lviv, Ternopil and Ivano-Frankivsk) that use to belong to Poland before WW2.

Hungary, Slovakia and Romania take the parts that use to belong to them.

If Ukraine keeps going the way it's going, in the next couple of years it will end up being only 20% of the size it is today, a very poor non-viable country.

[loganair] 28/2/2024 11:32

Net profit of Sberbank (JEMA's 3rd largest Russian holding) under International Financial Reporting Standards (IFRS) surged more than five-fold in 2023 to a record level for the group of more than 1.5 trillion rubles ($16.3 bln), while in Q4 Russia’s largest lender earned 359.7 bln rubles ($3.9 bln), according to Summary Annual Consolidated Financial Statements.

"Sber net profit in 4Q 2023 rose to 359.7 bln rubles. For 12M 2023, Sber earned 1,508.6 bln rubles, increasing net profit for the year by more than 5x y/y," the bank said.

[loganair] 28/2/2024 11:27

I don't understand Europe at all???

The united States is doing far, far better then Europe because it has it's own cheap energy, its own cheap gas, cheap oil and cheap coal while Europe allowed the United States to blow up their cheap energy, their cheap gas so Europe now has to import far more expensive LNG from the United States.

Over the past 1,000 years it's all been about cheap energy...cheap energy = prosperity for the people and over the past 3 years Europe has allowed the United States to destroy Europe's sources of cheap energy.......WHY???

[loganair] 28/2/2024 10:22

The MOEX Russia index rose 0.6% to around 3,240 on Wednesday, following the muted session, as markets digested fresh corporate updates.

The top gainers were construction companies LSR (6.2%), Etalon (5.4%), and PIK (4.3%). Additionally, oil and gas sector posted strong wins, led by Gazprom (1.9%), Tatneft (1.2%), and Lukoil (0.9%). Meanwhile, Sberbank advanced by modest 0.4%, having reported a record net profit of RUB 1508.6 billion in 2023, 5 times more than in 2022.

On the side of losses, Detskiy Mir fell by 3.3% after it was announced the shares would stop trading on Moscow Exchange in August 2024. Also, Alrosa (-1.7%) and Fix Price (-1.3%) dropped. Alrosa's net profit plunged by 15.2% yoy in 2023, while Fix Price's net profit decreased by 8% compared to 2022.

[loganair] 27/2/2024 09:21

The MOEX Russia index edged above the flatline to hover above the 3,215 mark on Tuesday, holding the sharp rebound from the prior session as markets continued to assess the impact of new sanctions from the US on the Russian economic backdrop.

Metallurgical companies held their gains from the start of the week after the batch of sanctions from Washington refrained from targeting aluminum and nickel industries, contrary to what was previously feared, to erase export concerns for key players and lifting Rusal, Mechel, and Nornickel stocks.

Still, plunging capacity pressures in Russian refiners drove Moscow to ban gasoline exports from March to September to protect domestic fuel prices. Rosneft, Lukoil, and Tatneft traded in the red.

[1998 crisis mk2] 26/2/2024 15:12

Russia Struggling to Secure Loan from China, Putin Ally Admits


Moscow has been engaged in "long term" discussions with Beijing but has been so far unable to strike a deal with Beijing in securing loans in the Chinese currency, the yuan, Russia's finance minister has said.

The comments by Anton Siluanov come as Russia seeks to pivot away from the West due to sanctions imposed by its full-scale invasion of Ukraine which has led to a huge boom in trade with China.

Moscow has been hoping to attract money from Chinese investors to offset Western capital which has disappeared with the measures aimed at isolation the Russian economy from the global financial system. But Siluanov told state news agency RIA that no agreement had yet been reached.

"Negotiations with Chinese partners have been going on for a long time", he told the outlet, "so far there is no decision." The latest round of talks between the countries took place at the end of last year, Siluanov said, without specifying whether progress had been made.

[loganair] 26/2/2024 09:38

The MOEX Russia index rose by over 2% to hover above the 3,200 mark on Monday, partially recovering from the falls in the prior week as markets assessed the impact of fresh sanctions on the Russian economy. The US announced sanctions against a batch of Russian companies and individuals following the death of opposition leader Alexey Navalny, but refrained from targeting key industries from Russia’s main commodity exports. The gentler-then-expected sanctions list triggered a rally for Russian equities, with gains recorded across the board in the Moscow Exchange.

Rusal and NorNickel each added close to 2% as the aluminum and nickel sectors escaped penalties. The expectations of steady government revenues from commodity exports in turn lifted the energy sector, with Transneft, Russneft, and Rosneft all jumping more than 2.5%.

[corrientes1] 25/2/2024 12:52

and how is Stalin, sorry Putin, doing these days ? It's Stalin, not Peter The Great that Putin wants to emulate and he's going about it the 'right' way.

[masergt] 23/2/2024 19:45

O.T.

I don't know if any on here were invested in Tintra (TNT) which recently delisted but they have now, as a private company, published an update. Please excuse me using this thread as a platform but all other TNT chat sites seem dead.



Tintra: The Next Steps
05/02/2024
Tintra: The Future

"Next Steps

Having finally managed to complete the privatization the company is now focused on continuing with the building out of its strategy. Firstly its recapitalization, secondly a soon-to-be-announced (during February) merger and restructuring, and finally being able to settle down into the work of delivering the banking infrastructure solutions that we are deeply involved in building.

Over the past year we have been developing relationships with major funding partners in the Middle East. We realized that the nature of our business meant that we would be able to move faster and with more substance with a state-backed anchor investor rather than running the funding-round strategy. To that end we are pleased that we have secured three new sources of funding, two that are closed and one that we anticipate closing during Q1, along with sourcing a funding partner to allow for retail investors to exit the company should they wish to – although of course we hope everyone stays on this journey with us.

Having developed the technology and the fundamental strategy ahead of any other players we have been able to progress to the advanced stages of an anticipated merger with a state supported banking platform. This merger, which we expect to complete soon, brings the mission forwards three to four years and will allow Tintra to be a full service banking platform from launch, rather than to be a payment infrastructure for the first few years until certain milestones were reached. This meaningful transaction will be a world-first and has the potential to impact hundreds of millions of lives.

Go Forward Structure

Tintra Limited (ex-Tintra plc) will continue to remain the main holding company of Tintra going forward. New private equity and state equity will fund the business as it goes forward and this entity will form the basis of the merger should it complete.

Shareholders wishing to continue with us for the journey need do nothing. We are putting together a communications strategy to keep all retail shareholders informed and have a direct line to be able to ask questions and seek feedback by a much more active social media presence. This will be much easier as a private company where we can be more open and discussive as we go forward.

For those shareholders wishing to leave, the JP Jenkins facility will be live from today. We have shortened the usual 90-day period and the initial period will be for 60 Days for all orders to be gathered. There is an obligation for all shareholders to be treated equally so at the closing of that period there will be an equal split of shares at the 150p price.

However, there will be a second closing 90 Days after that for any shareholders that decide to take a ‘wait and see’ approach or only sell down part of their shareholding at this first opportunity."

[1917again] 23/2/2024 19:34

And another one has dropped out of the Sky, a Russian A-50U AWACS

Question is 200km from the border what shot it down

[...]

[loganair] 23/2/2024 15:09

BBC Russian Service - 1,194 Russians killed over the past 2 weeks = 85 per day which is only slightly above the 78 per day average over the past 6 months.

85 per day is far less then the mainstream Western media are reporting, they are reporting in the taking of Adviivka Russia was losing up to 1,000 troops per day.

[dil 21] 23/2/2024 14:11

Yeah , be in Kyiv in 3 days lol.

How did that pan out ?

And if you need a lift to the airport when you leave then there are plenty on here willing to drive you.

[loganair] 23/2/2024 13:47

Even Sky news and the BBC are now reporting that the Ukraine is out of ammunition and the Russians know this as well is why the Russians are now pushing along the entire front.

[loganair] 22/2/2024 10:10

The MOEX Russia index rose 0.5% to 3,160 on Thursday, following two sessions of declines and attempting a rebound ahead of extended holidays. Among sectors, transport and consumer goods traded with the largest gains, while IT and construction continued to underperform.

As for individual stocks, QIWI (5.5%), Unipro (2.8%), X5 (2.4%), and VTB (1.6%) increased the most, with the former recovering slightly from nearly 40% plunge yesterday.

On the other hand, Mechel (-2.6%), PIK (-1%), Novatek (-0.8%), and Rostelecom (-0.5%) dropped.

So far in the week, the index has accumulated a fall of 2.5% due to sanctions threat.

[loganair] 22/2/2024 09:14

When as a tourist I visited the U.S.S.R. in the 1980's, I never thought in my wildest dreams that some time in my life time I would see Britain become like the Soviet Union and that Russia would become like Britain was in the 1980's.

[loganair] 22/2/2024 07:59

I'm now trying to get out of the UK, however the UK will not allow me to get my money and to get it out of the country. The UK is acting more like Nigeria, Zimbabwe or North Korea then a Free Democratic country.

[loganair] 22/2/2024 07:41

Late last year I popped into an exchange house in the UK to buy just $100.

I was asked the reason why I wanted to buy $100, and what I was going to use the $100 for. The lady then typed all this into her computer. This sort of thing never happened in the past in the UK and doesn't happen in Russia, even if exchanging thousands of pounds.

Again shows the complete erosion of freedoms in the UK and shows the UK is no longer a Free country.


Britain as a country is so finished it's not true. Our Trident nuclear deterrent doesn't work, our aircraft carriers are always in dock because they don't work. can't get an NHS dentist for love nor money, can't get a doctors appointment, virtually nothing works in the UK anymore where as in Russia, almost everything works, can easily get to see the doctor in the same day, no problem in seeing a dentist, proven their weaponry works etc.

Many places in the UK, dustbins are emptied once every two weeks, where as in Russia often emptied daily. In the UK libraries and museums are closing, hospital infrastructure is in a complete state of disrepair and decay as are many of UK's road and rail network whereas in Russia the complete opposite is true.