Jpmorgan Russian Securit... Share Discussion Threads

[smithie6] 14/11/2022 11:48

loganair

The PIGS just need to devalue their selling prices if they want to export at lower prices.
They have lower wages than northern Europe so they should have no problem to compete with Northern Europe.

The PIGS will never get a different euro just for them & a different euro for northern europe.
Personally I think it is a farcical idea.

"Countries such as Italy and Greece will be going nowhere until they are able to devalue against Northern Europe which they can not do as they have the same currency. Italy's productivity is lower today then when they first joined the Euro, therefore they desperately need to devalue."

[loganair] 14/11/2022 09:56

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.

[loganair] 13/11/2022 13:58

S6 - I am not arguing for Europe to go back to national currencies.

The Euro was set up to keep the German Deutschemark lower then it would otherwise have been so they could flog all the stuff they make to the Southern European countries who currently owe Germany some €1.2 trillion on the ECB books.

The ECB sets interest rates to suit Germany.

The Republic of Ireland interest rate use to be the same as the UK's until they joined the Euro which made sense as the two economies were very similar where as the ECB interest rate was far to low for Ireland.

Countries such as Italy and Greece will be going nowhere until they are able to devalue against Northern Europe which they can not do as they have the same currency. Italy's productivity is lower today then when they first joined the Euro, therefore they desperately need to devalue.

As we all know, Goldman Sachs cooked the Greek books in order to get them into the Euro.

A Mediterranean Euro would also allow countries such as Morocco to join who already fix their exchange rate at 10 to 1 Euro.

[1917again] 13/11/2022 12:24

As Russians found something they good at, apart from stealing, why not keep going with retreating

Russian occupiers say they are preparing to clear out of Ukrainian city of Nova Kakhovka

[smithie6] 13/11/2022 11:09

Russia's invasion of Ukraine will make the EU last a bit longer.

Countries see that they need to be in bigger clubs like NATO & the EU if they want better safety against being attacked or being on their own.

(Ukraine has been fortunate phps since despite not being in either club they are still getting lots of help)

[smithie6] 13/11/2022 11:01

"to split the Euro into the Euro and the Mediterranean Euro, where the Mediterranean countries could devalue their currency against the Euro, is why there was over 3,000 Italian Lira or 360 Greek Drachma, 240 Portuguese Escudo and 160 Spanish Pesetas to the GBP. "

so, you are arguing for the end of the euro ?
for countries to go back to use their old currencies
because then the PIGS could return to their normal tradition, of devaluing their currency every now & again in order to keep their factories & exports competitive ?!!

If the old currencies came back then the next step would be the break up of the EU & various leaders would fight to stop that happening, especially the PMs of the PIGS 'cause they depend on regular massive free handouts from the EU in order to keep going !!

-----
Corsica wants to have 95% independence & keep some benefits from being part of France.
In Spain it is the same. Some ppl in some regions want indepdence but they want to keep receiving money from the EU, & be protected by the Spanish military & NATO, but without having to spend 2% of their GDP on defence as NATO wants.
They want to receive money etc from the EU but not have to pay in !!

[loganair] 12/11/2022 21:28

The EU have made it very clear that there is to be no change in the shape of borders in Europe.

This is rather like plate tectonics, if there are regular movements in plate boundaries, these cause no to very little damage however if there is no movement in a plate boundary for a very long time will often lead to a massive earthquake which causes a great deal of damage.

Over the centuries borders with in Europe have regularly changed. Belgium could easily split in to two or even three, the third being the province of Luxemburg. Spain could split into 2, 3 or even 4. There are also a couple of provinces in Northern Italy that would like to break away from the rest of Italy as they are fed up of constantly having to subsidise the South of the country.

Germany would like Silesia back from Poland. Poland would like the 4 North East oblasts of Ukraine back which was theirs under the Polish Lithuanian Commonwealth. S6 - as you mentioned Hungary would also want its little bit of the Ukraine returned, the bit it lost after WW2.

50% of Moldovans have now been given Romanian passports.

At least the UK has given both Scotland and Gibraltar a vote, Gibraltar voting in 1967 (99.6%) to retain British sovereignty and 2002 (98.7%) voting No to shared sovereignty with Spain.

Corsica - they have officially said they want to be an independent country with in France, keeping their French passports, the Euro and with France continuing to pay benefits to the Corsican people - in other Corsica want their cake and to eat it.

I think if Britain hadn't treated Ireland so badly they may have come out of the EU with the UK which would have made since as 52% of their trade is with the UK and the U.S. Sweden say they too would have left the EU if they did not feel so threatened by Russia.

Would have made sense for Britain, Ireland, Denmark, Sweden and Finland to leave the EU and to join with Norway, Iceland, Switzerland and Liechtenstein in EFTA, making a strong 9 country balance to the EU.

While I'm at it, to split the Euro into the Euro and the Mediterranean Euro, where the Mediterranean countries could devalue their currency against the Euro, is why there was over 3,000 Italian Lira or 360 Greek Drachma, 240 Portuguese Escudo and 160 Spanish Pesetas to the GBP. Calling it the Mediterranean Euro would also have given the possibility for countries such as Morocco to join who already have fixed their own currency at 10 to 1 Euro.


Note - with Sweden joining NATO, they will no longer be able to be one of the two remaining non aligned neutral nation observers at the DMZ between North and South Korea which was set up in 1953. Czech Republic and Poland lost their status when they joined NATO.

[smithie6] 12/11/2022 19:48

loganair

I see the logic/reason in your posts 4416 & 4417.

especially your example of Northumberland in post 4416.

The west does need to recognise/note that a % of the Donbass ppl want/wanted to be part of Russia rather than part of the Ukraine.

I think that many of us would agree/accept if there was a fair referendum in those eastern regions. Run by the UN & without a gun pointing at the voters head.

There are many movements for independence in Europe; or change in allegience. It is a complicated subject imo & difficult to know who is right.

(Hungary used to be very big, & there are Hungarian speakers in regions outside its borders, some of which would like to re-join Hungary.
Hungary joined the losing side in WW1 & WW2)

(in many cases the leaders involved in pushing for independence have been shown as corrupt & busy lining their pockets. That makes it harder to know if they really want independence or just want to enrich themselves & their family members)

At least in most regions there is a low level of armed struggle in recent years; but there has been in the past, Northern Ireland (IRA), Basque regions (ETA), Catalunya (Terres Libres), Corsica

[maxplus2] 12/11/2022 19:20

You're thinking too hard. Focus on JRS

[1917again] 12/11/2022 18:14

As any leader who is anybody goes to the G20, Xi Jinping tells his puppet not to come

Isolated Putin Will Not Go to G20 Summit
hxxps://www.themoscowtimes.com/2022/11/10/isolated-putin-will-not-go-to-g20-summit-a79336

[loganair] 12/11/2022 16:40

S6 - Not at all as until 1921, the Southern part of the Ukraine was part of Russia.

Until 1955, Crimea was part of Russia until the Chairman of the Communist Party of the USSR who was a Ukrainian and is deputy who also was a Ukrainian handed it over to the Ukrainian SSR.

It is rather like Nicholas Sturgeon becoming Prime Minister of the UK, then she hands the Northumberland over to Scotland, then Scotland becomes independent and bans the English language in Northumberland, bans the English flag being flown in Northumberland. The people of Northumberland wish to return to England, Scotland refuses so England marches in and takes Northumberland back to reunify it with the rest of England.

Russia is only taking back territory that use to belong to it, with many people in this territory being ethnic Russians, speaking Russian while in 2014 the Ukrainian government, which was put in place by the U.S.


The best way to think of what is currently going on between the Ukraine and Russia at the moment is rather like the squabble between North and South Vietnam and would have been kept local if the U.S. hadn't got involved with their False Flag event of the Gulf of Tonkin.

[loganair] 12/11/2022 16:36

S6 - Cash per share is circa 95p if one includes dividends held in JRS 'C' account in Russia.

[smithie6] 12/11/2022 16:12

What is the current cash per share ?

[smithie6] 12/11/2022 16:09

logan

your post 4410

so, using your logic you also say that the Brits should have given in to the Germans in 1939 rather than fighting them, because not giving in meant many hardships such as children moving out of cities, ppl growing food instead of having a lawn to help the country, food rationing, risk of death if went to fight, risk your home being destroyed by a German bomb....

??

[1917again] 12/11/2022 09:52

Perhaps Logan, before you forget where it is like you did the previous links I have requested, you would be so kind as to post a link to Kherson city residents spraying Swastikas on walls

[gbjbaanb] 12/11/2022 03:06

"Some might also come to the conclusion Logan is emotionally attached to Putin and his muppets"

Unlike that totally unemotional post? Uh-huh. At least logan posts informative financial stuff to go with all the BS on here.

[loganair] 11/11/2022 21:15

S6 - UK Government Gilts will have longer maturity dates then 30 days while nearly 2/3rds of JRS cash is in short term paper which is rolled over each night.

EI - Then I reinvested the money from the 90% I sold back into JRS, most of which was in the 50ps & 60ps and therefore I have far more shares then I did before, however the value being similar, actually slightly higher than before.

Again seems to me didn't fully read my pervious post about this matter when I wrote how I had sold then bought back in.

I'm not emotionally invested in any stock, however as I have lived and worked in Russia and first visited Russia when it was still the Soviet Union I am emotionally invested in Russia itself.

[1917again] 11/11/2022 21:11

Some might also come to the conclusion Logan is emotionally attached to Putin and his muppets

Perhaps Logan, before you forget where it is like you did the previous links I have requested, you would be so kind as to post a link to Kherson city residents spraying Swastikas on walls


Seems the Russians didnt leave completely empty handed

Kherson Museum Art Collection Looted Ahead of Russian Retreat
hxxps://www.themoscowtimes.com/2022/11/10/kherson-museum-art-collection-looted-ahead-of-russian-retreat-a79342

[essentialinvestor] 11/11/2022 20:54

Logan appears very emotionally invested in JRS for someone who claims he sold 90%
of a holding near £6 a share!.


Some might conclude otherwise ;.

[smithie6] 11/11/2022 19:48

What is the current cash per share ?

[smithie6] 11/11/2022 19:47

JPM liquidity fund

"then the 30 day yield is 2.15% (2.50% for the last 7 days)."

Would the cash not be better off placed in UK Govt. gilts, which pay 3% I think ?