Urals Energy Share Discussion Threads

[dadragon] 22/5/2009 12:56

Whenever the share price slides - out comes the negativity, yes we do get our fair share of idiots on here but guys there really is no need for some of the bickering here. The most recent of which has come from people who do have a fair amount of knowledge, come on guys keep sharing.

[navyan] 22/5/2009 12:51

shouldnt have responded to him, waste of time. silly me. well re sp, it seems some strong support at 8p here. hold.

[navyan] 22/5/2009 12:44

I bought from 2.6p level and my last top up was 7.6p, why would I be "down" Jonnyfro ? and I have not sold any. if you are worry about this and sold, no need to point finger to other and please go somewhere else, so we can have some peace here. thank you.

[landwatcher] 22/5/2009 12:32

LMDP, dont think they still have a holiday on next Monday... If so, Russia is really a happy country.

[le mass du pap] 22/5/2009 12:31

Thanks otu ;-)

Agree Ucasavi, hibernation time is over!

[ucasavi] 22/5/2009 12:29

LMDP

Monday Russia should be working!
June is summer, the pressure is up, snow has gone, time to finish talking and start drilling!

Anyone could lend me some cash? 3% APR a very generous offer;) Planning a hostile takeover! Seeing this price is a torture through drooling:(

[mlightfoot] 22/5/2009 12:28

160k off at 7.75p

[on the up] 22/5/2009 12:28

Le Mass Du Pap - results anticipated 30 June, as per spp119 post of a few thousand or so back.

Right, back to gardening ;->

Cheers, OTU

[g3a] 22/5/2009 12:27

It's bang on the fib retracement that we bounced off yesterday....

[le mass du pap] 22/5/2009 12:24

At least buys are showing as buys now. 8p seems fairly strong support on the offer, maybe a short term double bottom? Then again the mm's just seem to fly in the face of TA at the moment. This was yesterday's 'hope'......





I guess by manipulating a failure of such a bullish signal they know they'll chase out some traders.

[ucasavi] 22/5/2009 12:19

You never know, may be this "bang" holiday weekend some impatient ones are gonna learn a lesson..

[landwatcher] 22/5/2009 12:18

This is definitely old MM's dirty trick again.

[pakomacha] 22/5/2009 12:18

I won't buy any more
I won't buy any more
I won't buy any more

I bought some more @ 7.98

Damm - how did that happen?

I won't buy any more
I won't buy any more
I won't buy any more

(Exits stage left for a long weekend)

[le mass du pap] 22/5/2009 12:17

All you can do is place your bet on the bigger picture, however you view that. On the macro scale they'll have no choice where the price goes. In the meantime let the boys play.

[mlightfoot] 22/5/2009 12:13

Yep they are playing with this. Although, I'm not convinced the seller isn't still there, but maybe they would be playing with it more if it was!?!?

[le mass du pap] 22/5/2009 12:11

Up 11% yesterday, down 11% today. An education in how the mm's work is all this is. Sod all volume over 2 days, mostly buys, yet.....

Pack of bloody charlatans.

[jcgswims] 22/5/2009 12:06

mm's trying to drum up a bit of business - can buy 50k at 7.893 - top up time anyone? ;)

[canny lass] 22/5/2009 11:50

Have a good weekend.

Nothing much going to happen here today.

Next week brings us a week closer to the awaited news or at least another update.

[spp119] 22/5/2009 11:44

LMdP

Agree completely. Especially with...don't think they'll have time to drift.
All have a pleasant Friday to Tuesday.

spp119

[gerryl] 22/5/2009 11:43

Yes agreed, wonder if they want to wait until the results before making the announcement ?

g

[le mass du pap] 22/5/2009 11:34

G3A. That's why I didn't say drifting. I don't think they'll have time to drift. Board changes have been made, discussions are ongoing and the need to sort this fairly quickly is apparent for many reasons. Don't forget this process has already taken a while, so can't be much longer. But even if it takes another few weeks we know the moves will start in advance and it will snowball. With the potential returns here from what is still a very low price, the risk reward will be too attractive for some. I expect we'll see a slow drift up if anything in anticipation, but depends on how long people have got to procrastinate. Drifting down usually happens over long periods where nothing of real note is in the offing, which is not the case here. There are still a few sellers taking profits or getting impatient, but the balance between buyers and sellers will favour the former as the day of reckoning gets closer. Aimho, etc....

[ucasavi] 22/5/2009 11:29

Sberbank's Financial Highlights for 1Q09 under Russian Accounting Standards (RAS) (non-consolidated)

Please note that the numbers are calculated in accordance with Sberbank's internal methodology approved in March 2009 as a part of internal accounting optimization and convergence with IFRS accounting principles. Also note that the numbers as of 1 January 2009 include the effect of subsequent events.

April 22 , 2009

Income Statement Highlights for 1Q09 (as compared to 1Q08)

* Operating income before provisions grew 39.7% y-o-y
* Net interest income increased by 46.8% y-o-y
* Net fee and commission income increased by 13.5% y-o-y
* Operating expenses decreased by 12.7% y-o-y
* Provisions (including provisioning for loan impairment) were up to RUB92.2 bn from RUB6.5 bn, thus a 14-fold y-o-y increase.
* Net profit totaled RUB0.3 bn vs. RUB36.1 bn in 1Q08.

The Bank adheres to its conservative principles, creating relevant provisions to meet existing risks. Provisions increase as the economic environment in Russia deteriorates. The Bank allocated RUB87.5 bn in provisions in 4Q08. In 1Q09, the respective amount increased to RUB92.2 bn, including RUB82.9 bn provisioned for loan impairment. Provisions were charged from the Bank's solid operating income. As of 1 April 2009, the ratio of loan impairment provision to overdue loans (coverage ratio) stood at 2.44.

As a result of a significant increase in provisioning, Sberbank's profit before tax declined to RUB6.4 bn from RUB45.8 bn in 1Q08. Net profit came at RUB0.3 bn vs. RUB36.1 bn in 1Q08. However, even the minor net profit should be regarded positively given the current economic challenges.

Assets increased by 0.4% q-o-q to RUB6,750 bn, totally driven by expanding corporate loans. The Bank lent more than RUB1,100 bn to Russian companies in 1Q09. Corporate loan books grew by 6.0% q-o-q to RUB4,219 bn. Growth was led by ruble-denominated loans, whereas demand for foreign-currency loans contracted. Lending to the real sector of the economy spanned countrywide. Most of the loans were granted to mining, manufacturing and trade companies. Retail loans decreased by 3.8% q-o-q to RUB1,209 bn due to demand slowdown in the challenging environment. Securities portfolio incurred minor changes, being up by 2.6% q-o-q to RUB503 bn.

Loan portfolio quality remains decent, with the overdue loans comprising 2.4% of the total corporate and retail loans as of 1 April 2009. This is well below the sector average of 3.4% as of 1 March 2009.