Jpmorgan Emerging Europe... Share Discussion Threads

[loganair] 07/8/2024 18:51

Dynamics of oil prices, the ruble rate and corporate news will be in the focus of traders on Thursday, BCS Investment World said.

The forecast for the MOEX Russia Index for August is 2,800 - 2,900 points, according to Freedom Finance Global and BCS Investment World.

[1917again] 07/8/2024 16:03

Excellent news, imagine war criminal Putin is already transferring some of his (Russia's) gold to North Korea for when 1917 starts

He will be sitting pretty in North Korea while the Kremlin underlings face the Russian publics wrath for starting a pointless disastrous war for Russia

[firtashia] 07/8/2024 15:43

Opposite muscovy's border with Estonia there is a huge billboard with a quote from huylo saying that russia is a country that has no borders, and it's border guards have been busy removing buoys marking the official border between them. And he has also stated officially numerous times that Ukraine does not exist, and Ukrainians are russians.
So, assuming that the events around Kursk have actually happened, why is he wetting himself about a people that don't exist moving across a border that doesn't exist from a country that doesn't exist?

[brwo349] 07/8/2024 12:17

Can you believe this? Provocation he says. He needs to be sectioned.

7 August 2024, 12:23 BST


President Vladimir Putin has accused Ukraine of launching "another major provocation", after defence officials said around 300 Ukrainian troops crossed into Russia's Kursk region on Tuesday.

Fighting is reportedly ongoing in the area, as Moscow said troops supported by 11 tanks and more than 20 armoured combat vehicles, crossed the border near the town of Sudzha, 10km (six miles) from the frontline.

Thousands of people have left their homes in the region, officials said. Ukraine has yet to comment on the Russian allegations.

[loganair] 06/8/2024 18:58

The Russian securities market will continue to be under pressure of negative factors, including fears of recession in the US economy, experts said.

International investors fear recession in the US and are alarmed by problems in the Chinese economy amid a "trade war" with China, Alfa-Bank says.

"The impact of the situation in the US economy on the Russian market declined noticeably after 2022, following restrictions on the side of developing nations; nevertheless, it remains to a certain extent because Russia remains an important player at the international stage, just like a number of its companies. Therefore, negative data in the US may have certain pressure on the Russian market, particularly in absence of domestic positive data and growth points," Anna Kokoreva from BCS Investment World says.

No significant grounds for optimism in Russian stocks are observed so far, experts say. "The forthcoming week will be noted on the whole by the continuation of the quarterly reporting season particularly in Russia, while country’s consumer inflation data for July will be released on Friday, which will influence the position of the Bank of Russia on interest rates," Elena Kozhukhova from Veles Capital noted.

[loganair] 05/8/2024 16:14

yf23 - It seems to me reasonable to say because for the Russian stocks they hold, JEMA only put the NAV as 1% of the MOEX value and the monies from dividends held in their 'S' account as Zero value towards the NAV when are worth circa 60p per share.

If in the next 12 months the situation in the Ukraine does come to an end and some of the financial sanctions are lifted...

Currently when it comes to getting any funds out of Russia from 'Unfriendly countries', such as with the sale of Yandex has to be done at 50% of the MOEX value. If able to trade all of JEMA's Russian assets under this when the conflict comes to an end = 250p extra to the NAV for JEMA, giving an approximate total NAV of 300p.

If able to trade on the 100% value = 500p extra to the NAV for JEMA, giving an approximate total NAV of 550p.


Note: NAV on JEMA's Russian assets I've calculated at an exchange rate of 110 rubs to the GBP.

[yf23_1] 05/8/2024 15:48

sorry to interrupt, but why is this trading in the 120s when its NAV is 49p ?

[smithie6] 01/8/2024 09:35

"The MOEX Russia index at the end of July fell to around the 2950 threshold, approaching one-year lows..."

so, Russia invading Ukraine & then being in an on-going military conflict, & with sanctions against Russia from Europe & USA (& I assume their friends such as Auz, Canada, NZ....)

and being seen as a bit of a leper, as shown by not being allowed to participate as a country at tennis tournaments, the Olympics etc.

is not good for the Russian stock market, except I assume for any that are selling stuff to the military.

[loganair] 31/7/2024 20:25

The MOEX Russia index at the end of July fell to around the 2950 threshold, approaching one-year lows, as the Bank of Russia decided to hike its benchmark interest rate by 200 basis points to 18% this month, aligning with signals from its June meeting and financial market expectations. Policymakers also indicated the possibility of further rate hikes if necessary to control inflation, which is projected to end 2024 within the 6.5%-7% range before decreasing toward 4% in late 2025.

On the corporate front, Gazprom's shares saw a slight rebound, moving away from near five-year lows last month, supported by a 30% year-on-year increase in revenues in the first half of the year.

The best preforming shares so far this year are Tatneft up 21%, Lukoil 12.3% with Sberbank, the largest market cap company on the MOEX up 7.7%.

[masergt1] 31/7/2024 17:34

Getting desperate now, lol.

[1917again] 30/7/2024 16:25

Whatever lies the Russian bots try to spin, its becoming clear the war is becoming painful for them
Infrastructure is suffering, trains derailing, dams breaking, airlines grounded
And military signing on fees risen fast which says few are now ready to die quickly for war criminal Putin

[masergt1] 29/7/2024 13:56

80% of yuan payments reportedly being sent back to Russia
ECONOMICHNA PRAVDA — MONDAY, 29 JULY 2024, 11:48

"Chinese buyers of liquefied natural gas demand discounts on cargoes from Russia, even from companies not on the sanctions list.

On 1 July, China tightened export controls on products that could be used in the Russian military industry and dual-use goods.

On 24 June, the Russian subsidiary of the Bank of China suspended all transactions with Russian banks due to US sanctions."

[brwo349] 26/7/2024 17:10

I wonder who could have wrecked the French rail network on the opening day of the Olympics. Let's see, who on earth could have done this?
 


Once they have the proof they should ban them for all time.

[smithie6] 26/7/2024 11:32

...if Loganair is a loyal dedicated Russian.....why is he not over there signed up in his country's military...

they need new soldiers/staff

and the following song might be very suitable for him in his first week on the front line



"Your in the army now"

....the 3rd part of the song is the interesting part....
.."hand grenades flying about your head" (or similar words)
..."stand up & fight"

when the recruitment man promised the new recruit that 'there would be nothing to do except stay in bed' !

(despite the song's video being made with smiling happy military.....the song is very much against war & being a soldier...)

[1917again] 25/7/2024 13:34

"We’ve all offered to drive you to the airport on numerous occasions."

:-)))))))))))))))))))))

Actions speak louder than words and clearly logliar PIP bot prefers the UK to Russia

[loganair] 25/7/2024 13:19

I understand this year circa 5,000 Estonian's and 5,000 Latvian's per month, many of them ethnic Estonian's and Latvians are leaving their respective countries for Russia because the promises made by the EU when they joined have not been fulfilled.

In 1989 the population of Latvia was 2.7mln, today it's fallen to 1.81mln, a loss of 1/3rd of their population, while Estonia has gone down from 1.57mln to 1.31mln.

Many of those left in Latvia are pensioners who are unable to leave and are now financially struggling due to the sanctions put on Russia, especially no longer getting cheap gas from Russia, instead having to import expensive LNG from the United States.

[smithie6] 25/7/2024 10:58

Russia......a country where if you protest peacefully in the street you get arrested

where journalists get put in prison for authoring a balanced logical article

where opposition political party leaders keep getting found dead !!

and where it is freezing cold & iced up for many months of the year

------

no surprise that there is no queue to go & live in Russia !!

all the economic migrants seems to prefer EU countries & the UK.....& not Russia. No surprise.

[smithie6] 25/7/2024 10:53

"We’ve all offered to drive you to the airport on numerous occasions."

:-)))))

[firtashia] 25/7/2024 05:15

huylo’s former economics adviser, Andrei Illarionov, argues the same thing here

[1917again] 24/7/2024 20:27

Lets not forget Trump when President was right demanding

Merkel should not build Nordstream 2

All NATO members should have been spending the agreed 2% of GDP on defence as Russia was not to be trusted

He increased the number of US troops in Europe

In 2022 he said below, clearly has no time for the war criminal Putins lies

In a Monday morning interview with Fox Business’s Stuart Varney, Trump offered that if he was president right now, he’d threaten Vladimir Putin with nuclear war.

“I listened to him constantly using the N-word, that’s the N-word, and he’s constantly using it: the nuclear word,” Trump said describing his talks with the Russian leader, while absolutely bizarrely suggesting “the N-word” refers to “nuclear.̶1; “We say, ’Oh, he’s a nuclear power.’ But we’re a greater nuclear power. We have the greatest submarines in the world, the most powerful machines ever built…. You should say, ‘Look, if you mention that word one more time, we’re going to send them over and we’ll be coasting back and forth, up and down your coast. You can’t let this tragedy continue. You can’t let these, these thousands of people die.”

[dil 21] 24/7/2024 20:25

Well why don’t you go then ?

We’ve all offered to drive you to the airport on numerous occasions.