Share Name Share Symbol Market Type Share ISIN Share Description
Jpmorgan Russian Securities Plc LSE:JRS London Ordinary Share GB0032164732 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -7.00 -1.09% 637.00 634.00 640.00 638.00 630.00 638.00 49,084 16:35:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 18.0 34.0 18.7 289

Jpmorgan Russian Securit... Share Discussion Threads

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734p asset value, 653p share price, decent discount12% plus.
flying pig
734p asset value, 653p share price, decent discount12% plus.
flying pig
Rouble trying to strengthen, good technicals
Jim Rogers bullish on Russia thanks to ‘lots of oil & agriculture': There are bubbles developing in stock and bond markets, according to legendary investor Jim Rogers. However, he says he is very optimistic on agriculture as a commodity and also likes equities in Japan and Russia. “Yes, bubbles are beginning to develop. We do not have full-fledged bubbles yet except in bonds, bonds everywhere are a full-fledged bubble,” Rogers said in an interview with India’s Economic Times. “At the moment, if I will buy countries, I would buy Japan, I would buy Russia; both are still down dramatically but lots of money is going to pour into both of them because they are cheap and likewise agriculture. I am not buying America; America is at an all-time high. So, Japan, Russia, agriculture.” Talking about crude, Rogers said, it’s at the highest it has been in years, with the production and the reserves going down. “The bubble popped in fracking and now people realize, oh my gosh, world supplies are declining. At the end, I am buying Russia because Russia is depressed and Russia has a lot of oil and a lot of agriculture.” He also said: “We are going to have much higher prices of food, fuel and nearly all commodities. The single cheapest asset is steel commodities. Bonds are a bubble as we discussed, a bubble is developing in stock exchanges also. Commodities are still very cheap on a historic basis, silver is still down 45 percent from the all-time high.”
Presentation by Oleg Biryulyov from last week: hTtps://
Investment bank Morgan Stanley believes that the threat of sanctions against Russia linked to the case of jailed opposition figure Alexey Navalny would not pose risk to the country's macroeconomic outlook.
1. Putin doesn't care about the sanctions. 2. China and Europe need and therefore will keep buying Russian gas no matter what. 3. The world needs and will keep buying the grains Russia exports no matter what otherwise many countries will starve.
Ioganair Do you think the Navalny protests will continue or just fizzle out ?With Biden in Power I would think some more sanctions comingMaybe from the EU as well
The gold share of Russia’s foreign exchange holdings rose to 22.9 percent over the year to June 30, 2020, according to data revealed by the country’s central bank. At the same time, the share of US dollar shrank to 22.2 percent from 24.2 percent, while the share of the euro dropped to 29.5 percent from 30.6 percent. The bank also decreased its holdings of Chinese yuan to 12.2 percent from 13.2 percent. The assets have been steadily growing over recent years and have exceeded the half-a-trillion-dollar target set by the regulator. The forex reserves totaled $593.6 billion by the end of last year.
Loganair Any news or views?
flying pig
Russian stock market hits all-time high as hopes for recovery boost global investment sentiment. The MOEX rose by more than two percent to a new record of 3,462 points on the last trading day of the week. Russian energy companies enjoyed the largest gains, with shares of nickel and palladium miner Nornickel jumping over five percent to their new maximum price. Rosneft, Novatek, and Gazprom were up over four percent boosted by positive dynamics in global oil prices.
Thanks for your work here, Loganair. The trust is certainly an interesting proposition. Rising commodity prices should enhance returns and, hopefully, strengthen the Rouble, which, given Russia's trade surplus and low debt to GDP ratio, is already undervalued.
Commodities point to a strong recovery by Graham Smith: Commodity markets though seem to be urging us to look a bit further ahead and with a more optimistic bent. Oil was back close to US$50 per barrel this week, after OPEC and Russia decided on Thursday to increase their combined production by a smaller than anticipated amount from January. That’s quite a way from the US$38 oil was trading at a month ago and a world away from the negative oil prices of April, when demand conditions in Texas went seriously out of kilter. The implications of rising commodity prices are far reaching. They promise to improve the relative fortunes of commodity producing countries – in particular, emerging markets like Brazil, Russia, South Africa and Indonesia – after a period of losing out to consumption driven economies, notably the US.
David Stevenson - I also think that Russia could be a relative star in 2021 (though I also thought that in 2020, wrongly) largely because its government has more financial firepower to spur growth, especially if energy prices start to tick up. Yields of more than 5% are worth grabbing too. JPMorgan Russian Securities (LSE: JRS) may thus be worth a look.
hs - It seems to me most Private Retail Investors are too fearful about investing in Russia whereas for me, investing in Russian stocks, not just JRS, other Russian stocks quoted on the LSE have been one of my best investments over the past 20 years with the icing on the cake being a very good dividend yield on my original investment in JRS.
You seem all alone here Loganair, I tend to like lonely BB stocks
While the global economy is trying to stay afloat amid the Covid-19 pandemic, investors should look to emerging markets like Russia and India, as well as at physical gold. That’s the advice from veteran investor Mark Mobius. Mobius said he sees a lot of opportunities in emerging markets, mainly Russia and India. He added that Brazil, South Africa, South Korea, Taiwan and even Turkey also provide good investments. “Russia is a very interesting market, many people invest in Russia,” he said, noting positive changes taking place on the country’s market. The founding partner of Mobius Capital Partners said he is also very bullish on gold and knows many investors with 10-15 percent of their portfolios in physical gold. Gold bullion won’t lose its value with time, like the US dollar did, he said. According to Mobius, equities are the number one investment asset that protects against devaluation. Commodities are also good.
The Board of JPMorgan Russian Securities plc announces that it has declared an interim dividend of 25.00 pence per share, for the year ending 31(st) October 2020, to be paid on 30(th) October 2020 to shareholders on the register at the close of business on 2(nd) October 2020. The ex-dividend date is 1(st) October 2020.
In a major strategy shift, Sberbank (JRS 3rd Largest Investment), the most popular Russian lender, wants to build its own ecosystem going far beyond the world of finance and to be known not just as a bank, but also as a tech company. During its first major online event, which was held on Thursday, Sberbank – now rebranded as Sber – presented a range of services and gadgets signaling it wants to go deeper into the tech sector. For example, the bank presented a family of “emotionalR21; virtual assistants, called ‘Salute’, which will be incorporated into all of Sberbank’s devices and mobile apps. “We are the first and the only bank in the world which started to produce a smart device,” Sberbank CEO Herman Gref said. He noted that in order to become a company that can develop tech products, it had to go through a massive “transformation” that took five years. There are three assistants in the Salute family, called Sber, Joy, and Athena. Unlike Apple’s Siri or Amazon’s Alexa, the company is betting on the “emotionalR21; features of the virtual assistants, as each has its own “temper,”; allowing users to choose the one they find most suitable. In addition to a logo change and new financial service features, like SberPay (an alternative to ApplePay and GooglePay), Sber also presented a TV streaming box called SberBox and a smart speaker called SberPortal. Both devices give access to a wide range of Sber services, while SberPortal, featuring gesture and voice recognition, will allow users to control other devices in the house. In another step towards joining the Big Tech pantheon, Sber also launched a SmartMarket platform. The service is somewhat similar to App Store and Google Play, and will allow additional features for virtual assistants to enable businesses and entrepreneurs to produce their own apps. Russian airline S7 already has access to the platform and announced that it will create its own app on it. The lender wants to boost revenues from the fast-growing non-financial sector by 20 to 30 percent, according to officials. This year, these services are expected to bring the bank around 70 billion rubles ($911 million), accounting for around five percent of all its operational revenues.
China, Russia Deepen Ties Amid Pandemic, Conflicts With West – Analysis: Building Ties: While the pandemic has made China an even more vital economic lifetime and market for Russia, Moscow has become a more needed partner for Beijing as it collides with U.S. President Donald Trump’s administration over a wide range of issues: from a trade war to problems involving Hong Kong and rights in the South China Sea. This new dynamic offers a turnaround of the forces that drove Beijing and Moscow together following the Kremlin’s annexation of Crimea in 2014, where Russia was placed in the crosshairs of Western sanctions. During that period, it was Russia that leaned on a sometimes reluctant China to deepen relations to escape U.S. pressure. Now — as their ties have extended into areas such as military, technology, and finance — those roles are shifting. “Before Trump, China was cautious to embrace Moscow geopolitically to the fullest extent, but Beijing has determined that U.S. pressure won’t let up, so they have no choice but to move closer to Russia,” said Lukin. “Today, it is China, not Russia, that is more interested in forming this quasi-alliance.̶1; Russia-China collaboration took off in 2014 after the forcible annexation of Crimea and the ensuing war in eastern Ukraine and has since grown into a variety of domains. One such area of late has been efforts to limit reliance on the U.S. dollar, a process called de-dollarization. The U.S. dollar holds a powerful place in the global financial system as the world’s reserve currency and de-dollarization has become a priority for both China and Russia to protect their bottom line and push back against American dominance. Replacing the dollar in trade settlements became a necessity to circumvent U.S. sanctions against Russia and efforts have gained speed following Washington’s imposition of tariffs on Chinese goods. Experts have long warned about efforts to limit the dollar’s privileged role in the world, and though such attempts have not had much success, Beijing and Moscow have made some progress recently. New data from the Bank of Russia shows that in the first quarter of 2020, the dollar’s share of trade between Russia and China fell below 50 percent for the first time on record, a notable change given that the dollar comprised more than 90 percent of trade in 2014. Navigating A New Reality: In the energy sphere, Russia has displaced Saudi Arabia as China’s biggest oil supplier and Gazprom — Russia’s massive gas company — plans to more than triple gas deliveries to China through its new pipelines, amounting to nearly half of current Chinese demand. Russia is also looking to capitalize off of the U.S.- China trade war by increasing its exports of food and minerals at the expense of the United States and other Western nations. Russia’s political appeal has grown as Beijing finds itself facing new global pressure: Its signature foreign policy project, the Belt and Road Initiative, has suffered setbacks due to concerns in host countries over mounting debts; the pandemic that first appeared in the central Chinese city of Wuhan has hurt Beijing’s credibility; and Western nations have begun to push back against Chinese tech and political policies. In the face of this pressure, China has moved to hold Russia up as a steadfast partner. During China’s annual legislative meeting in May, Foreign Minister Wang Yi hailed Russia, saying that it supported Beijing and that both countries would stand “shoulder to shoulder” against U.S. efforts to hold Beijing responsible for the pandemic’s consequences. An Uncertain Future: But the growing ties between China and Russia also mask tensions under the surface. While Moscow is keen to benefit from the financial opportunities opened up in China, it is also wary about becoming too dependent on China, both economically and politically. “I don’t think you can call this an alliance,” said Maslov. “Right now, Russian and Chinese interests coincide, but there are lots of areas that could create problems and spoil cooperation.” Projects like the polymer plant in Amur are being heralded by both sides, but past initiatives, such as a water-bottling plant on Lake Baikal and logging projects in the Siberian forests, have faced protests in Russia. The initial stages of the pandemic were also a source of friction, with Russia shutting down its nearly 4,200-kilometer border with China and Moscow Mayor Sergei Sobyanin enacting a series of controversial policies targeting the Chinese community, leading to a rare rebuke from the Chinese Embassy in Moscow, which complained directly to the Kremlin. Similarly, Valery Mitko, a 78-year-old retired scientist, was detained in June on charges of passing Russian submarine-detection technology secrets to China. Mitko denies the charges, but the case highlights the suspicions that still characterize the two countries’ relations. “The trust in the top leadership — between Putin and [Chinese President Xi Jinping] — is very solid, but when you work your way down, you can see the problems,” said Zhang. “Overall, things have become more pragmatic and realistic. Neither side expects unconditional support from the other on every issue,” he concluded. “The model of cooperation has changed this year,” Aleksei Maslov, director of the Institute of Far Eastern Studies at the Russian Academy of Sciences, told RFE/RL. “China feels that its position in the world is not as stable as before. This has led to them changing their mind towards Russia and becoming more cooperative.”
The foreign reserves of the CBR in percentage terms as of: ...31 March 2018/30 Jun 2018/30 Sept 2018/31 Dec 2018/31 Mar 2019/31 Dec 2019 Euro..22.2%........32.0%.........22.6%.......31.7%.......30.3%.......30.8% US$...43.7%........21.9%.........32.1%.......22.7%.......23.6%.......24.5% Gold..17.2%........16.7%.........16.6%.......18.1%.......18.2%.......19.5% Yuan...5.0%........14.7%.........14.4%.......14.2%.......14.2%.......12.5% £......7.9%.........6.3%..........6.5%........6.0%........6.6%........6.5% Yen....0.0%.........4.5%..........4.2%........4.0%........3.9%........3.5% Can$...3.0%.........2.9%..........2.7%........2.5%........2.5%........2.2% A$.....1.0%.........1.0%..........0.9%........0.8%........0.8%........0.7% International Reserves of the CBR as of 30 June 2020 $568.9bln, up from $518bln one year ago. International Reserves of the CBR as of 20 September 2019 $532.9bln, up from $462bln one year ago. International Reserves of the CBR as of 28 June 2019 $517.1bln, up from $455.5bln one year ago.
After years of talking about abandoning the US dollar, Russia and China are doing it for real. In the first quarter of 2020, the share of the dollar in trade between the countries fell below 50 percent for the first time. According to Moscow, the share has dropped to 46%, tumbling from 75% in 2018. The 54% of non-dollar trade is made up of Chinese yuan (17%), the euro (30%), and the Russian ruble (7%). In January, Russian Foreign Minister Sergey Lavrov explained that Moscow is continuing "its policy aimed at gradual de-dollarization" and is looking to make deals in local currencies, where possible. Movement away from the dollar can also be seen in Russia's trade with other parts of the world, such as the European Union. Since 2016, trade between Moscow and the bloc has been mainly in Euros, with its current share sitting at 46 percent.
Chief Global Strategist for Morgan Stanley: The biggest winners from Covid are... Germany will be by far the biggest winner, followed by Taiwan, Russia then Vietnam. Russia - Putin has made Russia far more self-reliant and therefore Putin has been preparing Russia for deglobalisation.
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