Jpmorgan Russian Securit... Share Discussion Threads

[loganair] 14/4/2022 09:50

On the other hand, Rosbank was 9.8% higher, extending its surge to 235% on the week after it was sold by Societe Generale to Interoos Capital, a firm linked to oligarch Vladimir Potanin.

It seems to me Western institutions are selling their Russian assets at huge discounts, as much as 75% or more discount to Russian oligarchs.

And any Western leader really thinks that the sanctions they have put on the Russian oligarchs are going to want to make them over throw Putin when because of the Western leaders these same oligarchs able to pick up so many assets for a song - it's like Yeltsin's time all over again for the Russian oligarchs.

[loganair] 14/4/2022 09:45

The MOEX Russia Index was 1.2% lower at the 2,470 level on Thursday, on course to its fifth consecutive session of decline, amid continued concerns of prolonged conflict as investors fled to other forms of fixed income securities after sweeping Western sanctions lead firms across all sectors to refuse to pay dividends.

Energy stocks were among the biggest losers as European countries continue to look for oil and gas elsewhere. Gazprom fell 2.2%, while Lukoil and Rosneft were both 1.4% lower. Meanwhile, Polymetal extended yesterday’s decline to drop 2.7% after it announced it postponed its dividend payout decision. Severstal lost 1.8% in the session, also delaying its decision after having defaulted on its $12.6 Eurobond in March. On the other hand, Rosbank was 9.8% higher, extending its surge to 235% on the week after it was sold by Societe Generale to Interoos Capital, a firm linked to oligarch Vladimir Potanin.

[soleman1] 14/4/2022 09:39

Yeah I stayed well clear of POG, POLY much safer bet.

[amaretto1] 14/4/2022 08:32

POG is the first company to be fleeced off western share holders ..Today's RNS ... oli garths mopping up the free float now ..Then the delist ..... so predictable !

[mister md] 14/4/2022 08:04

popit, first you said it was going bust to 0p. Then you said £10-15, and now £5 eventually... make your mind up and stick to it. Alternatively a savings account with a high street bank (in UK, not Russia) may be more for you.

[soleman1] 14/4/2022 07:59

Yes and more

[popit] 13/4/2022 22:24

If these are trading at a 75% discount to the underlying shares on the Moex, is it just a matter of time before they return to the same Moex price of £5 ? What are the risks, if there are any, of this not happening?

There is always wild talk about nationalisation and appropriation but is there any real basis for this? Has any government ever actually stolen the shares of foreign investors? There is no talk for example that UK might steal the shares of ordinary Russian investors who may own LSE shares such as Tesco and Lloyds. They may take the assets of the oligarchs with ties to Putin, but there is no talk about stealing the UK shares of ordinary Russian people.

It would be illegal under international law if Russia did this, and how would Russia even do it, as there are so many different nationalities of shareholders. JRS for example may have many shareholders from countries that Russia views as “friendly̶1; countries. So do these eventually return to £5 ?

[loganair] 13/4/2022 19:33

The MOEX Russia Index closed 0.5% down at 2,528 on Wednesday, notching a fourth consecutive session of decline, amid concerns of prolonged conflict and added sanctions after President Putin said peace talks with Ukraine are at a dead end.

Sentiment was also dented after the central bank said that consumer inflation will continue to rise through the year and the ruble will remain volatile.

Mining stocks led the losses in Moscow, with Polyus and Severstal dropping over 2.2% each, while Polymetal fell 1.9% after it postponed the decision on its 2021 dividend payments amid hits caused by sanctions. Hypermarket chain Lenta continued to plunge, losing 9.7% this session and 48% since the start of April amid soaring food prices and shortages. On the other hand, Rosbank ended 9.9% higher, extending its surge to 213% on the week after it was sold by Societe Generale to Interoos Capital, a firm linked to oligarch Vladimir Potanin.

[loganair] 13/4/2022 12:49

The MOEX Russia Index fell 0.4% to around 2,530 on Wednesday, sliding for the fourth straight session, amid concerns of an escalation in the Ukraine conflict after Putin described the on-and-off peace negotiations as “a dead-end situation,” while Biden said Russia’s war in Ukraine amounted to genocide.

Russian stocks came under pressure recently due to uncertainties around the Ukraine war, risks of new western sanctions and expectations that the economy is heading for its sharpest contraction since 1994.

Commodity-linked stocks mostly declined, with losses from Gazprom (-0.5%), Rosneft Oil (-1.3%), Polyus (-2.2%), Severstal (-1.6%) and Polymetal Intl (-2.2%). Financial firms were also trading in negative territory, including Sberbank (-0.8%), VTB (-0.2%) and TCS Group (-1.1%). Meanwhile, Rosbank shares jumped 10% after Societe Generale said it would quit Russia and take a EUR 3 billion income hit from selling Rosban to Interros Capital.

[clocktower] 13/4/2022 09:56

What other dirt will surface from the British laundry in Jersey?

A full corruption investigation needs to take place in to the Islands Mafia.

[loganair] 13/4/2022 08:39

Bank of Russia Governor Elvira Nabiullina says Russia holds enough yuan and gold in its reserves to limit the impact of Western sanctions – even after Washington and its allies froze half the country’s holdings in dollars and other currencies.

The regulator cut the share of dollars in reserves to 10.9% as of January 1 from 21.2% a year earlier. At the same time, yuan holdings grew to 17.1% from 12.8% a year earlier.

“This extraordinary, shock situation will lead to large-scale changes,” Nabiullina said in her annual report to parliament.

“The difficult process of adapting to the new conditions will inevitably lead to a contraction in GDP but the Russian economy will be able to return to a growth trajectory.”

[soleman1] 13/4/2022 06:29

China's trade with Russia rises 28% YOY, shock. China with cheaper energy now has a massive competitive advantage over the west.

[loganair] 12/4/2022 20:07

The MOEX Russia index closed 0.6% lower at 2,541 on Tuesday, partially recouping from being down 3.3% in the session as mounting sanctions from the West weighed down on the Russian financial and energy sector.

EU executives announced that they are drafting an oil embargo on Russia, although countries have not yet come to an agreement on the penalties. Meanwhile, the Russian government announced it recommends companies to not issue payments on Eurobonds for debt holders outside foreign accounting systems, opting instead to redeem the bond value in rubles through Russian market infrastructures.

Banks were among the biggest losers in Moscow, with Sberbank falling 2.4% and VTB ending 1.8% lower. Also, Lukoil dropped 0.9% and Novatek declined 2.2% as European nations attempt to ease their dependency on Russian energy. Meanwhile, higher fertilizer prices pressured Rusgrain to fall 6.4%.

[ny boy] 12/4/2022 19:11

Not an investment here. War will drag on from months unless Putin is taken out.

Where’s that clown amaretto, stalking me all over advfn with his multiple aliases🤡

1liam..you are correct but I would add many more aliases to that list!

Watch out guys Amaretto and TigerByTheTail are one and the same. Otherwise known as the loser Purchaseatthetop.

[soleman1] 12/4/2022 18:34

Looks like diplomacy is dead until Putin gets the Donbas, to keep time he needs it done by months end so I imagine this is his objective.

[clocktower] 12/4/2022 18:15

Putin is being allowed to think he rules Europe - Stand up to the thug and give Ukraine all the arms they need, including aircraft. They are free to obtain weapons of their choice if the West is willing to supply, and has the guts too.

[johnwise] 12/4/2022 15:35

Putin's warning for the West: Vladimir vows 'consequences' for those who interfere in Ukraine as he threatens to create 'waves of migrants' in Europe - after 'missile system is moved towards Finland' amid NATO row

[johnwise] 12/4/2022 15:24

Russia ‘using weapons smuggled by Iran from Iraq against Ukraine’

Shafaq News / Russia is receiving munitions and military hardware sourced from Iraq for its war effort in Ukraine with the help of Iranian weapons smuggling networks, according to members of Iranian-backed Iraqi militias and regional intelligence services with knowledge of the process.

[johnwise] 12/4/2022 15:23

Pension funds to loose their shirts for investing in Communisim..

Russia slips into 'selective default' on some foreign debt

The country has a 30-day grace period to resolve the default.

[clocktower] 12/4/2022 15:08

The West just needs to ration all energy - and raise taxes on personal high users - Ban heating of Private Home Swimming Pools, all private leisure boat owners to be given a basic allowance, then taxed all other fuel they use at a premium, as its just a case of I'm alright Jack, just allow others to suffer and Putin and his thugs and all Kleptomaniacs to carry on as they do.

That is just for starters, switch off your heating and man up and support the limited freedom we still have.

[popit] 12/4/2022 14:10

Where do JRS list their exact holdings of Russian shares? There is no list of exact holdings in the annual report. For example, JRS own 100 Gazprom shares listed on Moex, 200 Lukoil GDRs listed in London.

Anyone know where this information can be found?

[fabius1] 12/4/2022 13:34

Irkin - Yes indeed. At the end of the day, the Russians have a ready market. Why would they kill the goose that lays the golden eggs. As for the politics, well who really funds the show? :).