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JRS Jpmorgan Russian Securities Plc

83.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Jpmorgan Russian Securit... Investors - JRS

Jpmorgan Russian Securit... Investors - JRS

Share Name Share Symbol Market Stock Type
Jpmorgan Russian Securities Plc JRS London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 83.00 01:00:00
Open Price Low Price High Price Close Price Previous Close
83.00
more quote information »

Top Investor Posts

Top Posts
Posted at 14/11/2022 17:45 by loganair
The MOEX Russia index closed 1.2% higher at a two-month high of 2,244 on Monday, as investors continued to monitor commodity markets and corporate news. Shares from miners and metallurgists continued to grow after carrying last week’s rally, supported by higher prices for iron and steel.

Rusal, Mechel and NorNickel increased between 2% and 4%.

In the meantime, Rosneft stocks dropped 1.7% after dividend recommendations from the company’s Board underwhelmed investors. Oil producers continue to be pressured by a clouded outlook ahead of the start of the EU oil embargo in three weeks.
Posted at 14/11/2022 09:56 by loganair
The MOEX Russia index rose more than 1% to hover at the 2,240 mark on Monday, extending last week’s 2.9% gain to a near two-month high as investors continued to monitor corporate news and look past signs of military losses in Ukraine.

Shares from miners and metallurgists continued to grow after carrying last week’s rally, supported by higher prices for bullion and base metals. The upturn signaled some connection between Russian equities and international benchmark commodity prices. Rusal, Mechel, and NorNickel were broadly 3% higher.

Gazprom also traded in the green as traders weighed on the EU's planned price correction mechanism. In the meantime, Rosneft stocks dropped 1% after dividend recommendations from the company’s Board underwhelmed investors.




Monday 14th November 2022 - Rosneft BOD has recommended a dividend = (£1.05mln to JRS) = 2.3p per JRS share = JRS will have received 54.5p per share in dividends into their frozen Russian bank account.
Posted at 10/11/2022 10:24 by loganair
It very much looks like Detsky Mir is being taken private and that a Tender Offer for the traded shares is going to be made.

"Shareholders of PJSC Detsky Mir, who do not participate in voting on the Reorganisation or vote “against”;, will be entitled to demand redemption of their shares at a price to be determined by the Board of Directors in an amount not lower than the volume-weighted average price of shares of Detsky Mir on the Moscow Exchange for one month preceding the date of the decision to hold the EGM."

"The Company draws the attention of non-resident investors from unfriendly jurisdictions (such as US, EU countries, Canada and other countries imposing sanctions on Russia) to the fact that the funds received during the share redemption process will be transferred to C-type accounts opened with Russian banks."


Possibility for shareholders to transfer to a non-public company - Which I hope JRS do not do so...



"The Company plans to request an authorisation from the Government Commission on Monitoring Foreign Investment in the Russian Federation (the “Government Commission”) to pay consideration in RUB for the shares sold in the Offer to non-resident investors from unfriendly jurisdictions to accounts specified by them, without the use of type “C” accounts. If the authorisation of the Government Commission is granted, the non-resident investors will be able to use the received money at their discretion."
Posted at 30/10/2022 18:05 by popit
1917again

Big difference between anecdotes about Russian soldiers taking a phone and the Russian government stealing Russian shares from JP Morgan and their investors.

Do you have any actual evidence of the Russian government stealing the Russian shares of foreign investors?

Thought not.
Posted at 09/9/2022 17:41 by loganair
The MOEX Russia Index closed 1.5% higher at 2,430 on Friday, halting a three-session decline after the Moscow Exchange updated the list of shares that foreign investors are prohibited from selling upon their return to the Russian equity market on Monday.

Previously, the long-awaited return for investors from “friendly̶1; countries was expected to bring selling pressure to stocks, as many were locked out of the market when equity trading was suspended on 24 February. The shares that are prohibited from selling include blue chips such as Gazprom, Rosneft, VTB, and 50 other companies.

Meanwhile, investors monitored the EU’s meeting to control electricity price surges, as prior indications that the EU could cap prices on Russian gas prompted President Putin to state Russia will halt exports of all energy commodities to Europe.

Investors also treaded carefully ahead of GDP and inflation releases following the closing bell. On the week, the MOEX fell 1.4%.
Posted at 09/8/2022 18:09 by loganair
The MOEX Russia index erased early losses to surge 2.3% and close at 2,135 on Tuesday, spurred by the rebound in crude prices as investors continued to monitor and speculate on the re-entry of some foreign investors to the equity market.

The central bank announced measures to allow some foreign investors from “friendly̶1; countries to participate in the derivatives market if its sole reason is to benefit Russian individuals and institutions, but kept equities off-limits.

Energy stocks were the top gainers, sharply outperforming the broader index with a near 8% gain for Tatneft after authorities shut off oil flows to Europe via the Druzhba pipeline.

Expectations last week that some foreign investors would be able to access the Russian equity market led to a sharp sell-off that saw the MOEX close near 2017-lows, driving authorities to delay the re-opening.
Posted at 09/8/2022 09:17 by loganair
The MOEX Russia Index was slightly lower on Tuesday, partially erasing yesterday’s rebound as investors continued to monitor and speculate on the re-entry of some foreign investors to the equity market.

Miners and metallurgists booked the largest losses of the session, with Polyus and Severstal dropping 2.1% and 1%, respectively.

On the other hand, energy shares outperformed the broader index and were slightly higher, backed by a 0.5% gain for Tatneft.

Expectations last week that some foreign investors would be able to access the Russian equity market led to a sharp sell-off that saw the MOEX close on Friday near 2017-lows, driving authorities to delay the opening measure.
Posted at 05/8/2022 16:31 by loganair
I've posted for a second time today as two very important happenings with the MOEX are happening over the next week to 10 days which will effect JRS.


15th August - Depositary receipts of Russian-companies worth $18 billion that were traded on foreign exchanges and held in Russian depositories will be automatically converted into shares on Moscow Exchange from 15 Aug.

This can "create an additional overhang of the supply of such securities on the market," said Aleksei Potapov, investment director at UFG Wealth Management in Moscow.

Once the dust from the sell-off settles, the Russian stock market can return to gains, analysts said.

Foreigners who bet on Russia's economic recovery could be interested in holding its stocks, analysts at Moscow Credit Bank said.

"In the longer term, the Russian stock market looks extremely cheap and attractive for purchases, with all the risks associated with it," said Potapov.




08th August - Russian stocks are expected to decline in August as investors from so-called "friendly" countries, return to the unchartered waters of an equity market now offering huge risks.

On 08 Aug, Moscow Exchange will let clients from "friendly" jurisdictions, those which have not deployed sanctions against Russia, and investors whose ultimate benficiaries are Russian will be able to trade on its stock and derivatives markets.

A spokeswoman for Moscow Exchange said the number of "friendly" investors was unknown as they have yet to be registered first, but their admission should gradually increase market liquidity. There is no timeline for opening the door to investors from "unfriendly" countries, she said.

"The stock market is likely to take a bearish trend on Monday due to the high probability of non-residents ditching the blue chips," said Andrey Eshkinin, an analyst at Alor Brokerage.

Their return "will create a supply overhang in the short term and could lead to a decline in share prices," said Natalya Malykh, head of equities research at Finam brokerage.

The rouble-based benchmark MOEX has lost 44% of its value so far this year and is 15% below levels when foreigners last traded on Moscow Exchange in February.
Posted at 05/8/2022 13:21 by loganair
Depositary receipts of Russian-companies worth $18 billion that were traded on foreign exchanges and held in Russian depositories will be automatically converted into shares on Moscow Exchange from 15 Aug.

This can "create an additional overhang of the supply of such securities on the market," said Aleksei Potapov, investment director at UFG Wealth Management in Moscow.

Once the dust from the sell-off settles, the Russian stock market can return to gains, analysts said.

Foreigners who bet on Russia's economic recovery could be interested in holding its stocks, analysts at Moscow Credit Bank said.

"In the longer term, the Russian stock market looks extremely cheap and attractive for purchases, with all the risks associated with it," said Potapov.




Russian stocks are expected to decline in August as investors from so-called "friendly" countries, return to the unchartered waters of an equity market now offering huge risks.

On 08 Aug, Moscow Exchange will let clients from "friendly" jurisdictions, those which have not deployed sanctions against Russia, and investors whose ultimate benficiaries are Russian will be able to trade on its stock and derivatives markets.

A spokeswoman for Moscow Exchange said the number of "friendly" investors was unknown as they have yet to be registered first, but their admission should gradually increase market liquidity. There is no timeline for opening the door to investors from "unfriendly" countries, she said.

"The stock market is likely to take a bearish trend on Monday due to the high probability of non-residents ditching the blue chips," said Andrey Eshkinin, an analyst at Alor Brokerage.

Their return "will create a supply overhang in the short term and could lead to a decline in share prices," said Natalya Malykh, head of equities research at Finam brokerage.

The rouble-based benchmark MOEX has lost 44% of its value so far this year and is 15% below levels when foreigners last traded on Moscow Exchange in February.
Posted at 01/8/2022 11:40 by robizm
Private investors buying in hoping the war will end soon. Hopefully they are right but even if the war ends soon most western companies and investors have been burnt. There would be a stampede to leave Russia if investors are ever given the chance. Shell has had assets stolen by being invited to apply for shares in a new Russian company. Why would you rip up a contract Lawyers from all sides have approved.

The forcing of the conversion of GDR/ADR will mean most western investors will never invest in Russian assets again. Take Gazprom which is a company (not the Russian government) cutting off its customers and not selling gas (when prices are 10 times higher than normal) because it’s master said so. Gazprom with record gas prices is at the lowest share price for years on the moex as even the Russian people know it is finished. Talks of pipelines to China are 5 to 10 years away.

Not one Russian company has assisted any one trying to convert GDR to moex shares and these GDR owned significant parts of each company. I have friends who live in India and they still cannot convert their shares.

The JRS directors want alternatives as otherwise you may as well have minimum staff and pray for the war to end

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