Jpmorgan Russian Securit... Share Discussion Threads

[1917again] 08/12/2022 10:13

Russian bankruptcy approaches at speed as oil exports collapse and oil prices continue to collapse

hxxps://oilprice.com/Latest-Energy-News/World-News/Russias-Oil-Exports-Nosedive-Following-Price-Cap.html

hxxps://www.neste.com/investors/market-data/crude-oil-prices#87f85259

[brwo349] 05/12/2022 12:21

The orcs are launching another missile barrage.

However Ukraine are now hitting airfields inside Mordor itself.

[1917again] 05/12/2022 11:04

Public support in Russia for military campaign ‘falling significantly’, says UK – as it happened

[neilyb675] 05/12/2022 09:39

79.00 - 83.80 (GBX) at 08:45:41
on Market (LSE)

[1917again] 03/12/2022 12:14

Oil cap also effects shipping costs, they have risen 30% to $20 for Russian crude

As the fairy land budget was based on $80, Russian bankruptcy 1998 Mk2 may now be before 1917 revolution Mk2

[1917again] 30/11/2022 13:10

Russian oil collapse continues

China And India Are Buying Russian Crude At A 40% Discount
hxxps://oilprice.com/Energy/Energy-General/China-And-India-Are-Buying-Russian-Crude-At-A-40-Discount.html

Half of Russian shopping Malls are to go bust in 2023

Genocide Putin economy going down the toilet at speed

[1917again] 28/11/2022 18:41

Russian genocide oil continues its collapse

Now $51 barrel

[1917again] 26/11/2022 17:50

OECD downgrades Russia again to -5.6% GDP in 2023, simply collapsing down the toilet

hxxps://www.oecd.org/economic-outlook/november-2022/

If take $32 barrel production cost vs $62 now and $80 in Russian fantasy land budget then fantasy land budget income is down 35%. Bankruptcy like in 1998 of Russia will happen even quicker than I expected in twelve months

Russian Oil Production Among Most Expensive in World
Russian statistics agency Rosstat estimates that the cost of extraction without taxes would be around $32 a barrel in Russia, news site RBC reported.

hxxps://www.themoscowtimes.com/2019/11/12/russian-oil-production-most-expensive-world-saudi-aramco-ipo-a68132

[loganair] 24/11/2022 22:32

Night-Night...Be seeing you all tomorrow morning on my JEMA thread.

[loganair] 24/11/2022 22:18

Popit - You are correct.

[totalgeek69] 24/11/2022 18:13

This small difference in price will be powering Asian and BRIC economies forward to the detriment of the western economies. We are also seeing oil prices decline as the entire world moves towards recession driven by sanctions which are hurting Western economies just as hard as Eastern ones. Also don't forget that Russia's production costs are lower especially when compared with US Shale.

[1917again] 24/11/2022 16:12

Russian crude carries on its fall, now $62.5. Soon be back to the $60 low of april 2021, while ofcourse other producers without Putins Ukraine Genocide War are much higher
hxxps://www.neste.com/investors/market-data/crude-oil-prices

[popit] 24/11/2022 15:48

loganair

You said you were surprised that only 20% of the share capital need to vote in order for the vote to be valid.

Where does it say that 20% of the share capital is needed for an ordinary resolution?

I thought an ordinary resolution only required a 50% majority of those voting at the meeting? Where does it say that 20% of the share capital is needed?

[brwo349] 24/11/2022 15:47

Eric Sanderson, Chairman, commented:

"As a Board we condemn the actions of the Russian State in Ukraine and our thoughts are with the Ukrainian people. It is a tragedy for them.


Great respect to Eric Sanderson and the Board. It would be easy to just refer to the "war in Ukraine" but they've made a real statement. Well done guys.

[loganair] 24/11/2022 13:57

With effect from 8.00 a.m. on 25 November 2022, JPMorgan Russian Securities (JRS) name changed to JPMorgan Emerging Europe, Middle East & Africa Securities (JEMA).


New Thread already set up...

[loganair] 24/11/2022 13:31

Detsky Mir Group announces that the Board of Directors of the Company unanimously approved a launch of an open market buyback programme of its ordinary shares (“Shares”;) listed on the Moscow Exchange over a six-months period unless extended or terminated by the Company earlier.

DM Capital LLС, a direct wholly-owned subsidiary of the Company acquired a total of 14,038,470 shares (1.90% of share capital of the Company) during the period from 18 November 2022 to 22 November 2022 on the Moscow Exchange.



As I've posted a couple of times recently, Detsky Mir, which is a holding of JRS, are taking themselves private - If JRS redeems its Detsky Mir shares at todays share price and at an exchange rate of GBP/RUB of 70 = 9.46p per share (£4.28mln), which would be paid in to JRS Russian 'C' Account.

If JRS do redeem will mean by the end of January JRS will have circa 64p cash per share in their Russian 'C' Account.

It seems to me reasonable to say, when it becomes available, any monies from the sale of Detsky Mir will be reinvested outside of Russia rather than when the time comes paid out as a dividend.

[1917again] 24/11/2022 10:50

Yes Dil21, appears he wont be going to Russia for a while or may fall out of a window

Eric Sanderson, Chairman, commented:

"As a Board we condemn the actions of the Russian State in Ukraine and our thoughts are with the Ukrainian people. It is a tragedy for them.

[loganair] 24/11/2022 09:58

The MOEX Russia Index traded higher on Thursday, extending gains for the third session, tracking gains elsewhere after the US Federal Reserve signaled smaller rate hikes going forward.

Still, investors continue to monitor negotiations between EU countries on a price cap level for Russian oil. The Commission proposed a price level of $65 per barrel, but Poland and the Baltic countries considered it too high. On the other hand, countries with a strong shipping industry, such as Greece and Malta, do not want a ceiling of prices below $70.

On the macro front, the latest data showed the decline in industrial activity unexpectedly eased in October, and producer prices rose the least in two years. Also, Russia's economy ministry said that inflation was running at an annualized rate of 12.30% as of November 21, down from 12.40% a week before.

The Russian central bank last month raised expectations it would end its rate-cutting cycle, as it held its key rate at 7.5%.

[dil 21] 24/11/2022 08:21

JRS Board condemn the actions of Russia.

[glavey] 24/11/2022 01:03

[4590]
Anything to deviate from the point.

[loganair] 23/11/2022 19:42

When the ticker is officially updated I already have a JEMA thread up and running.

[neilyb675] 23/11/2022 19:32

Very low turn out.

Surprised that so many investors don't instruct their brokers to send them the voting forms.

I have been voting on all my holdings for many years. Lots of paperwork but I like having my say on companies I part own. Simple.