Jpmorgan Emerging Europe... Share Discussion Threads

[loganair] 11/3/2024 16:49

The 3 companies Detsky Mir, Magnit and Yandex NV = 6.3% of JEMA's Russian holdings.

Detsky Mir - Management buy out at full MOEX price = monies went in to JEMA "S" account

Magnit - Company bought out JEMA's shares at 50% discount = possibility of receiving these funds in Euro, GBP or Yuan outside of Russia.

Yandex NV - Sold it's Russian assets at standard 50% discount = JEMA will in a few months be able to trade or sell their shares as shares listed on NASDAQ will be unfrozen or may sell under the Yandex NV repurchase.

[loganair] 11/3/2024 16:39

Yandex NV Passed - Proposal to authorize the Board for a period of 18 months to repurchase up to a maximum pursuant to Dutch law, of 50% of the issued share capital of the Company as "Share Consideration" against a purchase price to be set by the Board.


I wonder if in the coming months JEMA will sell their Yandex NV shares under this proposal?

[loganair] 11/3/2024 16:35

Yandex NV said in a statement that it was pleased with the progress made so far on satisfying required conditions, including receiving shareholder approval and a green light from the Russian government's commission for control over foreign investment.

"The parties continue to work diligently to satisfy the outstanding conditions," Yandex NV said. "The company anticipates that the first closing will take place in the coming weeks."

[loganair] 11/3/2024 15:49

The MOEX Russia index rose 0.3% to 3,330 on Monday, its highest level since the invasion of Ukraine in February 2022, as investors continued to bet on more dividend announcements. Among sectors, the largest increases were seen by transport, IT, and metals & mining.

As for individual stocks, QIWI surged by 14% the backdrop of an extraordinary meeting of shareholders, where the launch of buyback program would be discussed. Also, Polymetal (1.4%), GLTR (1.2%), Severstal (1.2%), Aeroflot (1.2%), and Segezha (1.1%) advanced. Polymetal and Severstal continued to benefit from higher commodity prices after the demand outlook improved on rate cut expectations from major central banks.

Meanwhile, traders kept their eyes on Renaissance Insurance since the company was considering the change of its dividend policy.

On the side of losses, Yandex (-1.1%), MKB (-0.8%), and Moex (-0.5%) underperformed.

[masergt] 10/3/2024 19:51

Nurse! Nurse! Quick!!!

[redhorse2020] 10/3/2024 10:56

Log please can I ask what this has to do with JEMA? Also assuming there is some tenuous link are you able to provide the basis for your numbers / claims?

[loganair] 10/3/2024 08:12

The purpose of mainstream media is to drive public opinion and not tell you the truth, they actually purposely hide the truth, Sky News, BBC, CNN and CNBC are some of the worse.

The UK has already collapsed, the economy is in an awful state. The UK is in massive decline with the GDP per capita is falling fast, being drowned by bureaucracy and regulation which stifles the private sector which is the real engine of any growth.

[1917again] 09/3/2024 23:29

Unfortunately there is no chance LogLIAR will leave, until deported

[loganair] 08/3/2024 21:09

South Africa saying likely 6 countries will be invited to join BRICS 01st January 2025, the same number as per 2024.

It seems to me South Africa's favourite candidate to join in the next expansion is Algeria.

[loganair] 08/3/2024 15:02

loganair 29 Feb '24 - 19:05 - 2432 of 2468

The West is also not a Democracy except for maybe Switzerland.

It is the West and Europeans that are victims of the ever increasing oppression of their governments while Russians are becoming increasingly freer.

In my experience at the moment, the UK is one of the least free countries I know and financially is by far the least free, far less free then Russia is.


Over the past year my teen has been buying gold Sovereigns from one of the most well known bullion dealers in the UK. Last month Barclays froze their account asking the following to have the account unfrozen, plus other highly personal questions.

1. Where did they go to school.
2. What qualifications did they get at school.
3. A part from the UK, what other countries hold significance for them.
4. What is the current value of their bullion holdings and where is it stored.

As my teen has refused to answer such personal questions Barclays closed their bank account.

These questions would not be asked in a democratic country and definitely would not be asked by a Russian bank.

As for me, I have signed a contract to buy a plot of land in Portugal, I have known the estate agent for 2 years, have seen the plot several times, local solicitor has drawn up a contract which I signed and everything is going through legally.

I popped into the bank in the UK, not Barclays, to send the deposit. One hour later a person from the bank phoned me, then an extreme interrogation as to why I was buying the land, asking me personal questions about the solicitor, the estate agent which is one of the biggest in Portugal etc.

Even though everything is fully above board on both sides and everything is being done legally, the bank said they would not allow the funds to be sent as it was too high risk for them to do so, the bank has therefore taken away my financial freedom to do what I wish with my own money.

In both cases, both UK banks were acting like Stalinist tyrannical dictators.

[loganair] 08/3/2024 14:31

In the UK today, the bottom 50% are so poor that the state pays for everything. The top 5% are rich enough that they can afford to pay.

Mean while the 45% Middle class, the State is going to take everything from them until they have nothing left then they will join the 50%....I can now see that for 95% of people in the UK by 2030 they'll own nothing and as long as they have their Smart Phones and Ear pods and Netflix they will be happy.

It's time for the Middle Class in the UK to get out while they still can and before the State takes everything from them.

The West is going to take everything and we'll have no future as the West intends to strip its citizens of all their wealth.

[loganair] 08/3/2024 13:44

Typical UK, from my Electricity provider:

Goodnews - energy prices are going down.

Down 3p per Kwh.

Standing charge up 11p per day.


With Gas prices at 25 year lows and that's just nominally speaking at less then the equivalent of $10 per barrel of oil how come UK electricity prices are also not down to a similar level, be circa 2.4p per Kwh insted of circa 27p per Kwh and that's with the lower prices that are just about to come in.

This wouldn't happen in Russia, even in St Petersburg the current price of electricity is circa 6p per Kwh and in lesser known cities is around 2p per Kwh.

[loganair] 07/3/2024 20:57

What I've been hearing is the money from the income from Russian assets being taken by the West isn't actually going to the Ukraine rather will be going to companies who have signed contracts to rebuild the Ukraine, companies such as Blackrock are the ones who will be getting all these billions of USD.

[loganair] 07/3/2024 11:47

In the leaked phone conversation the head of the Luftwaffe said Germany giving any arms to the Ukraine is only politicking to keep up with the French and the British and to give the Ukraine the Taurus missiles will make no difference to the outcome of the war.

[loganair] 07/3/2024 10:48

The MOEX Russia index remained flat at 3,300 on Thursday, struggling for a direction and showing muted dynamics over the week, as the market sentiment was pressured by the uncertain timing of CBR's monetary easing and strong ruble. Most sectors traded in the red, with the largest falls logged by the transport and IT.

Among individual stocks, losses came from Polymetal (-1.7%), Samolet (-1.3%), Rosseti (-0.8%), Aeroflot (-0.7%), and RusGidro (-0.6%). Polymetal shareholders have approved the sale of Russian assets to Mangazeya Mining.

In contrast, X5 (2.1%), EN+ (0.9%), and Moex (0.9%) advanced. Investors' attention today will be turned to Yandex meeting on restructuring.

[loganair] 07/3/2024 09:57

The Moldovan Government has just done something stupid, yesterday they put out an arrest warrant for the President of the autonomous region of Gagauzia.

The President then immediately asked Putin for help, which Putin said he will.

Stupid because Moldova will now most probably lose Gagauzia to Russia.


The Gagauz Republic was a self-proclaimed unrecognised political entity first declared in 1989 that separated from Moldova in 1990 during the dissolution of the Soviet Union but later peacefully joined Moldova after being de facto independent from 1991 to 1995.