Jpmorgan Emerging Europe... Share Discussion Threads

[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.

[loganair] 22/2/2024 07:28

The following 2 examples and there are many more are not the actions of a Free, Democratic Country, rather are the actions of a full on police state - neither would have happened in Russia.


Last week I bought a plot of land in Portugal, this week both my UK banks compliance departments have turn down and refused my sending €7,000 for the deposit.

They asked me:

1. Have I seen the plot of land - Yes
2. Where did I get the paper with the Portuguese estate agents bank account details from - In person, by hand from the Portuguese solicitor who is handling the transaction.
3. Have I personally met the Portuguese solicitor face to face - Yes
4. Have I met the Portuguese estate agent - Yes, I've known them for 2 years.
5. Have I signed a contract and where - In the Portuguese solicitors office in Portugal.
6. Require to send my flight details to prove I actually was in Portugal last week.

Plus many other very personal questions.

Even though I answered positively and truthfully to all questions asked, both banks compliance and Fraud departments said what I was doing is so high risk and therefore the banks are not willing to take the risk = my Financial Freedoms, Financial Sovereignty has been taken away from me by the banks in the UK = UK is no longer a democracy which up holds its peoples sovereignty and freedom to choose for themselves.

In the late 1980's I bought a property in Portugal, I was asked NO questions about it by my bank in the UK and just sent the money over to the Portuguese estate agent at the time = at the time the UK was a free country letting its citizens have full sovereignty over their freedom of choice.


My adult child had there Barclays Bank account closed a couple of months ago because refused to answer the following questions which are a complete invasion of his personal privacy.

1. Which schools did they attend.
2. What qualifications did they attain from school.
3. What country's hold significance for them.
4. What are their bullion holdings, what is the value of their bullion holdings and where is their bullion stored.

Plus many other very highly personal questions.


These are not the actions of a Democratic, Free Country, rather they are the actions of a totalitarian country with little to no freedoms for its citizens.

[loganair] 21/2/2024 13:03

Ukrainian commanders on the front line are saying they do not have the minimum ammunition to even meet their defensive needs, therefore there's absolutely no way the Ukrainians can mount any sort of offensive this year.

[loganair] 21/2/2024 10:34

What the West has done by its arrogance, is to let Russia buy Western held assets in Russia for 50 cents on the dollar or in some cases for a single Euro or USD or Rub and all the Western politicians have done is to hurt their own companies and private retail share holders of Western companies.

[loganair] 21/2/2024 10:28

The MOEX Russia index fell 1.7% to 3,155 on Wednesday, its lowest level in nearly a month, as threat of EU and US sanctions raised the uncertainty on the market. All sectors declined, with financials and transport being the most penalized.

As for individual stocks, QIWI plunged by 25% after the CBR revoked license from QIWI Bank due to violation of federal laws and regulations. Additionally, Polymetal (-5.8%), Ashinskiy (-2.6%), MKB (-2.3%), and Unipro (-1.9%) dropped. Ashinskyi shares came under the pressure amid news about consideration of coal duty.

On the side of gains, MTS (1.3%), Rosseti (1.1%), X5 (1.1%), Rostelecom (1%), and Magnit (0.9%) were the most bullish.

[brwo349] 21/2/2024 10:07

It's not been a great week for the gangster.

21/02/24
One of Russia's most high-tech fighter jets shot down in another blow for Putin
Story by Gergana Krasteva • 2h


Vladimir Putin is having a bad week – actually one of the worst during his war in Ukraine as another one of his Su-34 fighter jet was shot down overnight.

This is the seventh military plane destroyed by Ukraine over the past week, the Air Force said in a statement on Telegram.

Such a rate of loss forthe Kremlin would be impossible to sustain if the success of Ukraine’s attacks continue.

[loganair] 20/2/2024 09:27

The MOEX Russia index dropped 0.7% to 3,220 on Tuesday, following the muted session, as investors digested fresh corporate updates and weighed the demand outlook for key commodities. All sectors traded in the red, with electric utilities and telecommunications recording the largest declines.

Among individual stocks, Polymetal (-6.7%), GLTR (-2.9%), VTB (-2%), Unipro (-2%), and Rostelecom (-2%) dropped the most. Polymetal continued the plunge since the move to Kazakhstan and the sale of the Russian business exposed the risks for shareholders, while VTB decreased after presenting financial results for Q4 and 2023 and announcing the possibility of reverse split in summer 2024. The lender's net profit amounted to record RUB 432.2 billion, but its management decided not to pay dividends for the year. Additionally, Bashneft lost 2.5% due to disappointing accounts.

On the side of gains, Yandex (2%), Ozon (1.9%), and X5 (1%) increased.

[loganair] 19/2/2024 18:47

The MOEX Russia index closed flat at 3,244 on Monday, holding the muted momentum from the prior week as markets assessed the latest corporate developments and the demand outlook for key Russian commodities.

Companies in the oil sector closed mixed with Bashneft, Tatneft, and Lukoil booking losses while Surgut and Russneft closed higher, with the latter announcing a record-high increase in reserves during 2023. Reports that multiple tankers in the sanctioned Russian fleet have halted activity amid tightening sanctions from the US, risking the outlook for vital Russian energy revenues for the country. Still, steady willingness to import energy from India and China limited the negative impact of measures, as the discount between Urals oil and Brent continued to narrow.

In the meantime, Polymetal sank nearly 9% after it announced it would sell its Russian unit to Mangezaya for $3.7 billion.

[neilyb675] 19/2/2024 14:56

132.80 - 137.80 (GBX) at 12:51:52
on Market (LSE)

[corrientes1] 17/2/2024 17:45

As he gets older,the thug's paranoia will only get worse,then he'll do something even more stupid.Some clique will decide enough is enough and remove him or bump him off. I doubt if he'll be lucky enough to die naturally in his sleep.

[1917again] 17/2/2024 11:19

Clearly a poor decision by the War Criminal Putin

But just shows Putin doesnt care and why an attack on NATO is now highly likely if not defeated in Ukraine

[brwo349] 16/2/2024 21:23

The Telegraph 16/02/24
Analysis: How Putin prepared the ground for Navalny’s death
Story by Nataliya Vasilyeva • 36m



The Kremlin has been trying to kill Alexei Navalny for several years – but there has probably never been a better time to do it than now.

Vladimir Putin has laid the groundwork in domestic society. For more than a decade, he has tightened the noose around his charismatic younger foe, with the operation against him mirroring a broader crackdown on Russian society.

At first, there was enough life in the Russian opposition to prevent Navalny’s elimination. In the summer of 2013, a Russian court in a provincial town jailed him in his first criminal case – but it was forced to release him 24 hours later after thousands of people blocked the streets in central Moscow.

Even when the Kremlin was emboldened by its popular annexation of Crimea in 2014, Putin did not jail the pesky protest leader – it was clear at the time that the Kremlin would suffer more damage from the move than it was worth.

Dissenters have fled or been silenced
By 2020, that rationale had shifted. Internal repression had steadily grown. As the public increasingly shied away from direct protest – and the long prison sentences that resulted – FSB agents poisoned Navalny.

They failed to kill him, and hoping that there was still a heartbeat in the anti-Putin movement, he took the decision to return to Moscow.

Then, the full-pressure of the Kremlin vice was applied. He was thrown into prison, with spurious sentences piling up on top of each other. Where once he had commanded thousands in the streets, only the foolhardy raised their voices in the face of draconian new laws. Most of Navalny’s allies fled to exile or were jailed.

In retrospect, these moves appear to be part of Putin’s years-long preparations for invading Ukraine. By coming down so hard on the political opposition, he ensured there were few people willing to come out and protest against his criminal war, launched on Feb 24, 2022.

Almost two years into the war in Ukraine, Russian civil society has been decimated; almost every single prominent anti-Putin political figure and hundreds of thousands of anti-war Russians have fled abroad. The rare critics who have stayed, such as Ilya Yashin and Vladimir Kara-Murza, joined Navalny behind bars.

The Kremlin does not have to fear protests in a country where a 72-year-old retired woman was sent to jail for five years last month, simply for an anti-war post on social media. Putin can torture, jail and kill the country’s most popular opposition politician safe in the knowledge that he is untouchable within Russia’s borders.

Outside of them, he does not fear the West. It took several months of the war in Ukraine before sanctions were imposed on Russia’s energy sector and oil exports in particular.

But the Russian economy is nowhere near the point of collapse; the Kremlin can still sell oil and gas on global markets, if not in Europe, and linchpins of the Russian export market such as the diamond trade have not been affected at all.

Meanwhile, the death of Mr Navalny comes at a moment when the West is clearly getting tired of having to fund Ukraine’s military. Putin, for his part, is signalling that he would not mind freezing the frontline where it stands and calling it a victory.

If Putin was not being blamed for the death of Mr Navalny, one could foresee US and European politicians following in the footsteps of Tucker Carlson and visiting him for talks in Moscow, sooner or later.

Whether Mr Navalny died in an assassination or as a result of the torturous conditions he had been exposed to for three years, his death should put a halt to any such overtures – at least for now.

This is Mr Navalny’s parting blow against the man he fought against for more than a decade.