Jpmorgan Russian Securit... Share Discussion Threads

[glavey] 14/3/2022 04:51

Somewhat unlikely and very unlikely.

[rbonnier] 13/3/2022 22:55

If this is all over by the end of the week and a deal is struck is this still a good investment?Will the west start lifting sanctions ? If its cold War 2 with no sanctions lifted it obviously isn't.

[smithie6] 13/3/2022 22:48

...on BBC website...some talk of more positive vibes from peace talks....

But clearly not enough to stop the Russians from shelling

[jonwig] 13/3/2022 17:22

markus - the UK, etc. are not seizing assets, they are freezing them. The difference is explained clearly in my video link in #1091.

An owner cannot profit from frozen assets (which explains the complexity with Cheslea FC) but assets can only be seized if they can be linked to a specific crime or crimes. This has proved very difficult, and one case in the US has been dragging on for five years.

Putin is highly unlikely to seize, as he is hoping - expecting, even - western companies to return in some form. None would return, obviously, if they had been robbed.

[markus1970] 13/3/2022 16:51

'while Russia is going to align itself more with China and the likes of India, the Gulf States, Brazil and other Latin American countries' and if those countries decided to adopt a common trading currency such as the renminbi, America would find itself in a very precarious state.

When JRS were having their continuation vote the NAV was around 40 - 44p. City of London might think that anything above that is a win and the share price did get up to around £1.80 so might allow them to sell off at much less than the curent level. They might find someone to take a big chunk off their hands at some agreed price which would choke off much of the supply to the market. Should be an interesting week.

[smithie6] 13/3/2022 14:31

Personally I am sure that Ikea, McDonalds etc will open again in Russia, after X weeks/months.

That Russia will not want to isolate itself long term from the western or modern /democratic world.

[loganair] 13/3/2022 10:06

Russia’s second-richest man Vladimir Potanin has spoken out against the idea of confiscating the assets of foreign corporate giants that have opted to quit the country. He said such actions could take the nation back to the tragic days of the 1917 Bolshevik revolution.

Potanin – the president and biggest shareholder of Norilsk Nickel, the world’s number one producer of palladium and high-grade nickel – has urged the Russian authorities to respond with pragmatism to its isolation from the global economy.

The decision of many companies to suspend operations in Russia is, I would say, somewhat emotional in nature and may have been taken as a result of unprecedented pressure on them from public opinion abroad,” the billionaire added.

He claimed that foreign businesses would come back to the country, and called for this opportunity to be preserved.

Russian politicians have claimed that companies leaving Russia could be nationalized and restrictions could be imposed on property rights. A ban on voting by blocks of shares in subsidiaries has also been mooted, along with proposals to block assets and other measures.

However, instead of imposing such extreme measures, Russian President Vladimir Putin has supported the proposal for the external management of foreign companies leaving Russia.

“We ourselves are not going to close from anyone. We are open to work with all our foreign partners who want it,” he said.

[jonwig] 12/3/2022 20:18

What is the status of frozen and suspended assets:

[galeforce1] 12/3/2022 15:21

Looking at the news, there seem to be some positive signals from both sides re. wanting a ceasefire.

Macron & Scholz spoke to Putin this morning (sensibly leaving Johnson out of things). Putin did not, inevitably, say that he was prepared to agree to an immediate ceasefire. But at least he is keeping a dialogue open.

Zelensky has said that 'peace negotiations can only begin following a ceasefire'. I think that is also positive. He is trying to keep a dialogue open.

[smithie6] 12/3/2022 14:47

!!

Interesting times !

On the plus side it surely shows that the sanctions are having a lot of effect on Russia ! (such that even its friend China gets involved to comment)

------

That Russia seems to be struggling to find soldiers is interesting. Even trying to get soldiers from Syria (another dictator) who apparently were pretty poor soldiers.
Some Russian soldiers are new, doing their compulsory 1 year military service.

I can imagine that many Russian solders getting paid perhaps only 300-500€/month & that never wanted to do anything military in the first place & fighting for a dictator (that some do not like) & probably not agreeing with invading Ukraine or shelling civilian residential areas
....are probably not very fierce fighters !!

[loganair] 12/3/2022 09:58

China now saying if the United States puts any further sanctions on Russia that they'll put sanctions on the United States.

[drob1] 11/3/2022 16:12

My pension pot isn't that big ?

[dodger777] 11/3/2022 16:04

Your pension 😬 you must be confident. I’ve taken a smidgen but resigned that I may end up losing it all very quickly.

[drob1] 11/3/2022 15:59

I would happily put my pension in this and have a nice retirement in 20 years. Not sure about short term gain however

[mattjos] 11/3/2022 13:29

Interactive Investor allowing trades here.

[markus1970] 11/3/2022 13:23

This being Friday we can expect all kinds of rumours as attempts are made to move prices either up or down.


Mixed feelings about today's price action. Buying price is getting much better, but the ones I already have are not looking so good.

[cc2014] 11/3/2022 12:34

#1071 Some are quicker than others and they are all doing it.

BEMO wrote theirs down to zero on 03/03.
And for once I have to congratulate a fund manager for being quick off the mark and writing a clear RNS.

[loganair] 11/3/2022 12:13

The United States is currently running a trade deficit of $1bln a day with China.

China can now use this $1bln a day to buy Russian assets which the West are selling at a 90% plus discount.

[galeforce1] 11/3/2022 12:02

IG Market and Spreadex are now not allowing customers to buy JRS even if they call up and explain that they understand the risks etc.

So what are the online platforms still accepting buys in JRS?

There's no big hurry to do this, given the ongoing liquidation of City of London's big position. But it would be good to be in a position to add if things turn.

[loganair] 11/3/2022 11:54

Looking at City of London ESG, I wouldn't be at all surprised to see them completely sell their holding in JRS. At their current rate will take them about 1 month to be completely out of JRS.

[loganair] 11/3/2022 11:15

To look good City of London will be prepared to sell their shares in JRS for pennies and I can see them continuing to sell, even though they are doing so at a circa 65% loss on the price they paid for them in the first place.