Jpmorgan Emerging Europe... Share Discussion Threads

[redhorse2020] 24/4/2024 17:05

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

[loganair] 24/4/2024 13:18

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 19:21

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 18:01

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 12:08

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 10:28

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 10:25

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 18:02

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 14:39

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 21:25

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.

[npk2] 21/4/2024 21:14

Well the British lads (RAF) have been rather busy of late old chum.What with shooting down drones and missiles aimed at Israel.The American public should tell their President to stop funding his master Netanyahu. He'll only bring you into a war with Iran.The rest of the world are looking on in horror as Biden finds genocide.

[brwo349] 21/4/2024 20:57

Haha the demented nutjob Marjorie Taylor Greene goes into meltdown.

[brwo349] 21/4/2024 20:53

Another ship gone. It survived 2 world wars but the russkies thought it a good idea to park it in Sevastopol

[1917again] 21/4/2024 09:52

Republicans now coming round to supporting Ukraine. Trump never likes to loose and can see a good deal. Give 60bn weapons demonstration and the get 300bn of weapons orders. Already proven S400 is junk vs Patriot

300bn of Russian assets soon to be confiscated for was crimes

Things looking a lot better for Ukraine and orc body bag manufactures

[masergt] 19/4/2024 14:27

Interesting comment:

[masergt] 19/4/2024 14:20

The peasants are revolting, logliar! Ha.

[masergt] 19/4/2024 14:10

A quite amazing reverse ferret given that only a couple weeks ago he was adamant this wouldn't go to a vote. Wonder who got at him...?

[loganair] 19/4/2024 08:52

The MOEX Russia index edged up 0.4% to 3,460 on Friday, as investors evaluated the heated situation in the Middle East and digested corporate news. The financial and IT sector were leading the gains.

Among individual stocks, Surgut (2%), Sovcomflot (1.2%), BSP (1.1%), and TCS (1.1%) advanced the most. Also, MTS added 0.7% after it became known the placement price range for the IPO of MTS Bank would be RUB 2,350–2,500 per share, and Seligdar grew by 0.8%, having achieved a 78% increase in revenues from metals sales in Q1 of 2024.

Meanwhile, EN+ (-1.6%), AFK Sistema (-1.4%), and Rusal (-1.1%) declined. Traders remained attentive to Severstal (0%), set to announce dividends on April 23rd. The expectations for dividends have been lowered due to higher capital expenditures.

On the geopolitical front, the US introduced new restrictions on exports to Russia.

Over the week, the index was set to be little changed.

[brwo349] 19/4/2024 08:18

Fingers crossed the $60B US funding gets voted through this weekend. I think Europe should be doing more to help Ukraine defeat mafia capo Putin and his gang of murderers and not relying on the US as much.

19/04/24


Ukrainian forces have struck a large Russian airfield on the annexed Crimean peninsula, destroying an array of military equipment.

The attack seriously damaged four missile launchers, three radar stations and other equipment, Ukraine’s military spy agency said on Thursday.

“The number of enemy aviation objects destroyed or damaged and the number of casualties among personnel of the Russian occupation army is being clarified,” it said after announcing the “successful” operation.

The strike took place during the early hours of Wednesday at the Dzhankoi air base, on the northern part of the peninsula seized by Moscow in 2014.

Volodymyr Zelensky, the Ukrainian president, thanked his top military commander for what he called a “correct strike against the occupier”.

[masergt] 18/4/2024 16:28

Logliar. Why do you never post a link to your source for these reports? The Russian economy is tanking, the rouble collapsing, yet you keep pumping out positive Putin propaganda. Post your links and let us see for ourselves who's telling the truth!

[loganair] 18/4/2024 08:53

The MOEX Russia index edged down 0.2% to 3,445 on Thursday, trading with marginal declines for the third session, as investors took profits and awaited more corporate updates. The losses in the sectors were headed by construction, consumer goods, and oil & gas, while IT advanced modestly.

Among individual stocks, the top laggards were Positive Group (1.1%), GLTR (-1%), MMK (-1%), and Rosseti (-0.9%). MMK fell after reporting a decrease in its yoy metal products and coal concentrate sales for Q1 of 2024 compared to the same period of 2023.

Meanwhile, Segezha (1.6%), Ozon (1.2%), Rusal (-0.6%), Polus (-0.6%), and AFK Sistema (0.6%) rose. Also, Severstal added 0.5% buoyed by information about a possible quarterly dividend payout on April 23rd.