June 11, the annual general meeting of shareholders of OAO Center IDC. The collection, which was held in the form of joint presence of shareholders, to decide on all matters on the agenda. The shareholders approved the annual report, annual financial statements, including statements of income, as well as distribution of profits /losses as a result of 2008. At the meeting decided not to pay dividends. Net profit of 2.17 billion rubles allocated to the reserve fund (108.25 million rubles) and the development of production (2.06 billion rubles). The new Board of Directors were elected: - Branis Alexander Markovich - Director of prosperity Capital Management (RF) Limited. - Ivanov, Sergey Nikolayevich - First Deputy Chairman of OAO FGC UES - Kosarev Sergey Borisovich - Deputy Director General for Corporate Governance and the property of OAO IDC Holding - Evgeny Fedorovich Makarov - the general director of OAO Center IDC - Popovski Sergei Nikolayevich - Deputy Chairman of the Board on the financial calculations on OREM JSC ATS - Seliverstov Tatiana - Head of the securities department of corporate governance and interaction with the shareholders of OAO IDC Holding - Spirin Denis - Director of prosperity Capital Management (RF) Ltd.
Dow Jones (Dow Jones) the New York Stock Exchange fell by 59.86 points (-0.68%), and is at the level of 8703.20. NASDAQ Index (Nasdaq) fell 13.29 points (-0.71%), and is at the level of 1846.84. Index S & P 500 (SP 500) dropped 6.58 points (-0.70%) and is located at 935.85. Yield 30-year U.S. government bond is 4.749 (has grown over the previous closing on 0.096). In Economic Outlook published today the U.S. Federal Reserve badge beech (Beige book) indicates that economic conditions in most regions of the country remains weak and, in some regions they are even worse. Despite the fact that economic activity in the United States remains weak in some regions, there are signs of a slowdown in economic recession. At the same time in 2009 is not expected a significant increase in business activity. There has been some stabilization in the real estate market in the United States, but the activity of investors remains low. The volume of consumer spending is very low, labor market conditions remained difficult. Credit conditions are also very heavy. In these circumstances, inflation does not cause concern. Prices in most parts of the United States declined slightly or remained unchanged. rate euro /dollar fell to an American session and reached a level of 1.3914. At the forex market there is the desire of investors to risk reduction, which increases demand for dollars. This contributed to doubts about the speed of recovery of world economy. Support the U.S. have the results of the auction to place 19 billion 10-year U.S.
Government decided to allow bakers to improve the profitability of its production more than doubled, up to 10-12%. This means that the heads of regional administrations are no longer able to contain the prices of bread and they are expert estimates, will grow by 10-15%. Such unpopular among voters decide to support bakers. A shift full responsibility for the Cabinet of Ministers will be able to rise to the governors, say experts. Cabinet has deprived the Council of Ministers of Crimea, regional, Kyiv and Sevastopol city state administration law to determine the maximum return on the production of flour and bread massive varieties. According to the decree Some of the issues of pricing for certain socially important food products, wheat flour in the production of I and II classes, as well as rye flour introduced a 10 per cent marginal profitability, the mass of bread varieties and products for diabetics - 12%. Very often, the governors set the profitability level of 2-3%, than the place of bakers to the brink of bankruptcy, - explained the Government's decision to head the Council of Entrepreneurs under the Cabinet Oksana Prodan. In doing so, the governors will be able to manually adjust the prices of other socially important food products, as well as Cabinet overturned the 15-percent premium to the closing trading price of wholesale manufacturer (importer) of food. In this list are the meat of poultry (chicken carcass and parts), sausages boiled, pasteurized cow's milk fat 2.5% and 3.5%, sour-milk cheese with a fat content up to 9%, sour cream with fat content up to 20%, with butter fat to 80%, sugar and sunflower oil. It excludes beef, pork and pasta, but added buckwheat and semolina, sausages and sausage. At the same time, the Cabinet of Ministers introduced a mandatory declaration of the newly changing wholesale prices by 1% or more. Unlike the previous arrangement, the declaration will not apply to wholesalers - only to manufacturers. They no longer need to show Gostseninspektsii - enough to apply to local authorities explaining the rise, the calculation of production cost and the draft declaration to change the wholesale and retail prices. As explained Ms. Prodan, the government has proposed to simplify the discussion of the order declaring the price changes for goods whose value depends on the seasonal variations, particularly dairy products and eggs. bakers welcomed the decision of the Cabinet. They say that the price of bread will grow slightly. We work to ensure that allowed us to determine the profitability of bread at least 15%. It would invest in expanding production, new equipment, - said Deputy Chairman of the Corporation Loture (it includes Lugansky producer of bread Caravan .- Ed.) Vladimir Lymar .- When profitability 12% grain industry can only breathe a little freer.
Kyiv city council intends to monitor the quality of services of urban temporary accommodation, as hotels and apartments to rent immediately apartments. The projects address the city council - On approval of the provision of hotel services in Kiev and on approval of the order of quality of hotel services in Kiev, submitted to the commission the city council. first draft of overlapping rules of hotel services, established by Order Goskomturizma of 2004 and the decision of the Cabinet from 2006. Innovation management KSCA is the intention of creating a unified registry for all of their temporary residence in the city. This list should include not only hotels and hostels, but also submitted to the Daily rent. According to the management of tourism, hotel and resorts in City Hall at this time in Kiev are 128 institutions of temporary accommodation. Only 57 of them assigned to a certain category. The number submitted to the rent of apartments is around 30 thousand in the department of organization and coordination of the agencies temporary accommodation KSCA argue that the whole sector at the moment is not controlled, so the city council decided to withdraw him from the shadows. The draft decision sets out stricter requirements for the provision of hotel services compared with the state standards.
On Wednesday, June 10, the major stock indices of the United States of America against the backdrop of disappointing auction of 10-year Treasury bonds, as well as to enhance the value of oil, which sowed fear among investors regarding delay recovery of economic growth in the country associated with high rates of borrowing and inflationary fears, finished the day with negative result. At the end of the trading barometer blue chips Dow dropped 0.27% to the value 8 739.02 points, while the wide SP 500 index weakened to 0.35% and reached 939.15 points. The rate is fairly high-tech companies Nasdaq stock reduced to 0.38% to 1 853.08 points. Shares lender Wells Fargo lost 2.9% and fell to $ 24.91, while its rival Morgan Stanley rolled to 5.6% to $ 29.26 as a result of increased yield on 10-year Treasury bond up to maximum since October last year of 3.99%. The yield on this debt has an impact on interest rates on consumer and corporate loans. Quotations Airline Continental Airline collapsed by 6% to $ 9.22, paper its competitor UAL Corp collapsed in the 6.2% to $ 4.37 against the backdrop of the achievement of the cost of oil marked $ 71 a barrel. Increase the value of black gold has also led to the rise of petrol and sowed fears of inflation, which adversely affected the actions of the consumer sector. example, quotes, sportswear manufacturer Nike had become easier to 2.7% to $ 57.05, the electronics retailer Best Buy cheaper at 2.5% to $ 38,52, Papers insurer Ameriprise Financial completed the day with a setback at 7.3% to $ 26.33 against the backdrop of the announcement of the intention to raise $ 900 million by selling common shares.
Yesterday, a pair of Euro /dollar fell to an American session and reached 1.3915 marks. pound /dollar, after growth in Europe has fallen to the level of 1.6360 to the U.S. session to 1.6250 marks. The pair dollar /yen traded in the U.S. in growth above the level of 98.20. experts write that in the foreign exchange market there is the desire of investors to risk reduction, which increases demand for dollars. This contributed to doubts about the speed of recovery of world economy. At the same time, despite the fact that economic activity in the United States remains weak in some regions, there are signs of a slowdown in economic recession. Also supporting the dollar have had the results of the auction to place 19 billion 10-year U.S. government bonds. Yesterday Dow Jones index of the New York Stock Exchange fell by 59.86 points (-0.68%). Nasdaq index fell 13.29 points (-0.71%). SP 500 index dropped 6.58 points (-0.70%). Yesterday index Frankfurt stock exchange Xetra DAX rose 122.18 points (2.44%). The index of London Stock Exchange FTSE 100 rose 92.87 points (2.11%). The index of the Paris stock exchange CAC 40 rose 64.92 points (1.97%). Yesterday's review of the U.S. Federal Reserve Beige book showed that economic conditions in most regions of the country remains weak and, in some regions they are even worse. However, there has been some stabilization in the real estate market in the United States, but the activity of investors remains low. The volume of consumer spending is very low, labor market conditions remained difficult. Credit conditions are also very heavy. In these circumstances, inflation does not cause concern. Prices in most parts of the United States declined slightly or remained unchanged. Yesterday, the price of WTI crude oil in New York rose to the level of 71.65 dollars per barrel, the maximum in the current year. International trade in the United States billions of dollars for April 2009 amounted to -29.2 (-28.7 prognosis was, the previous value revised -27.6 to -28.5). Federal budget in the billions of dollars in the U.S. for May 2009 amounted to -189.7 (-175.0 forecast, the previous value of -20.9). Today in Asia remained the main driver market Japanese yen, which is significantly correlated with the dynamics of the stock market. The index of the Tokyo Stock Exchange Nikkei-225 fell 10.16 points (-0.10%). Index of the Hong Kong Stock Exchange Hang Seng moved down to 57.85 points (-0.31%).
9 Jun., 2009 OJSC NK Rosneft fully repay the loan in the amount of $ 1.85 billion, gained about a year ago by a syndicate of international banks in the repo transaction. as collateral for the transaction was to use part of the shares of OAO NK Rosneft, is owned 100% subsidiary company - OOO RN-development. As part of the loan shares were bought RN-development. This the number of shares in Rosneft, owned by the society, once again rose to 1 billion, representing 9.44% of the authorized capital of the company. In accordance with international standards of accounting, shares of NK Rosneft , by RN-Development are the treasury and are as relevant in the consolidated statements of U.S. GAAP. Financing repo has a syndicate of international banks, which included: Barclays Bank PLC, BNP Paribas, Credit Suisse Securities (Europe) Limited, JP Morgan Securities LTD, Morgan Stanley Co.
Do not guess what factor pricing will win today in the Russian stock market - expensive oil, or apathy on the U.S. stock market. Because it is likely to win today, the desire of players to record profits before the long weekend. In our opinion, the decision to close the long positions - is the best option for active speculators. We do not see today, interesting ideas for short-term buying in blue chips, shares of a second tier prefer overlooked, because we do not attract the prospect of get stuck in them for a few days. Medium-term investors is not yet possible to fear for his portfolio. Remember that the next levels of support, and for the index of the MICEX and the RTS index to lie at around 1080 points. Even if suddenly indicators in the next trading session will fall for these milestones, it is unlikely that such behavior is taken seriously. However, neither speculators or investors should not relax. Look for the volume of trades. Only he tells you is true or false market movement. Authorize and appreciate the story;; 7 users rated material at 4,3. Analyst Ratings
Do not expect significant changes in the market during the pre-trading session, oil prices continue to rise, and this supports the optimism of investors in respect of the Russian stock market. Left last night beige book The Fed reaffirmed the United States, some signs of slowing down the fall in the national economy and has been generally accepted market-neutral. Stock indices in the United States continued to trade within a narrow range of 930-950 points on the S P500. As a result of yesterday's session, they fell within 0.5%, but this result was completely off this morning's rise in futures on U.S. stock indices. In the context of a neutral external background and pre-date we do not expect changes in the situation on the Russian stock market. Blue chips will continue to sell previously established ranges. tries to reach the top yesterday was only the MMC Nornikel, which has a chance today to climb higher. The key event of today's auction - out of retail sales in the United States (16.30 Moscow time). They are expected to grow to support optimism in the stock pads, but is unlikely to expect out of stock indexes to new frontiers. Reduced activity in the market during the summer season is already beginning to manifest itself. Authorize and appreciate the story;; 3 users rated material at 3,7. Analyst Ratings
Russian Stock Market: pause after the rapid growth of Today's beginning of the trading on the Russian stock market took a neutral stance, with some 0,5 -%-ing a gap up on the main indices on Russia yesterday's closing values. The optimism of investors at the opening in the first minutes of the trading has changed the desire to record a profit. As a result, with the opening of the neutral European indexes rise has not been further pursued. At the moment, the main Russian blue chips on yesterday's closing traded raznonapravleno. As of 12:52 Moscow time the main indicators of the Russian market, the MICEX and RTS indexes synchronously little young, respectively, at 0.2% (section 1136.13), and 0.44% (1126.72 p.). A more positive trend of index is due to a slight strengthening of the RTS of today's official exchange rate of U.S. dollar on the Russian ruble (ruble on forex at the moment is around 30.96 EUR /USD). Yesterday's auction of the ocean ended moderately negative. At the end of the trading, Dow Jones, in response to a mixed macro-economic statistics (data from the labor market and labor productivity in the industrial sector), fell by 0,274%, to close at 8,739.02 point p, a broad market indicator S P500 went into the negative zone at 0,348 %, while its value at the close of 939.15 paragraph Dynamics futures index data, is an indicator of investor sentiment at the opening of the American market at the moment is moderately positive. Current value on the Dow futures are in contango by about 18 points or 0.2%. Attempts to mark the storming of 70 dollars per barrel in quotes black gold in the outgoing week ended successfully. It should be noted that substantive support to the market of raw materials felt, despite some emerging strengthening dollar. To a greater extent this fact has contributed to the reduction of stocks of crude oil overseas in the outgoing week. Current value of oil futures to near ekspiratsiey of Brent-WTI and a are, respectively, 70.02 U.S. $ /bbl and U.S. $ 71.68 /barrel, about U.S. $ 0.5 higher than yesterday's values. Withregard to quotations of Russian blue chips, then at 12:40 Moscow time the main Russian blue chips are traded raznonapravleno. In the negative zone in the action Sebrbanka, which lost 1.72% (48.44 EUR), VTB 0.71% (0.0419 USD), RusGidro 1,42% (EUR 1,319). In the positive zone of traded shares of Gazprom, added 1.08% (183.09 EUR), Lukoil 0.23% (1,660.65 USD), MMC Norilsk Nickel 0.41% (EUR 3379), Rosneft 0.30% (200.49 EUR), Surgutneftegaz 0,62% (24.853 EUR). Among the major international economic news is worth noting the strong operating results magnet for 5 months. 2009, and the output of Canadian producers of mineral fertilizers on the spot market. We commend the operating results of the magnet on the basis of 5 months of 2009 and expect a short-term positive market more than doubling the pace of opening new outlets. Nevertheless, in our view, the shares of retail chains in the present moment is fairly valued. Ruble network revenues increased by 34.5% compared with that of 2008, which, in our opinion, describes the dynamics of sales of the magnet as one of the most stable in the sector of public companies. We believe that high-performing companies to be made at the expense of optimized debt load network and the consequent lack of need for a substantial reduction in capital costs, which allows the company to pursue highly dynamic opening new outlets. Following 5 months Magnit actually made doubling the rate of growth of discovery: Shop 181, compared with 90 in the corresponding period of 2008. We maintain a positive view of the company in the long run. According to our estimates, the approximate price of shares just a magnet of $ 44.5 per share, only slightly higher than the current market quotes. The threat of Canadian producers to go on the spot market, in our view, suggests a high probability of a significant decline in the price of potassium chloride on the Chinese contracts. June 10, Reuters, referring to top management of Potash Corp. reported that the largest Canadian producer of potash - Potash Corp., Agrum and Mosaic (Canadian) - can abandon the new long-term contracts with Chinese customers, if the Chinese side will continue to delay the conclusion of these contracts. This year will expire on the three-year contract with China for the supply of potash, and Canadian producers, according to managers of Potash Corp., Seriously considering the possibility to refuse from entering into new long-term contracts and move to the sales in the spot market. As a new term to address the issue of contracts with China Potash Corp. Calls in September 2009 According to Uralkali, in late April, the level of reserves in China was equal to half the consumption. At the same time, the specificity of potash does not require their inclusion in the annual soil. With this in mind, the price of Russian manufacturers of long-term contracts (Uralkaliy and Silvinit) with Chinese consumers are likely to be significantly lower than the spot prices, which earlier this year, Russian producers signed contracts with Brazil ($ 750 per tonne). We expect that the price of Chinese contracts Uralkali and sylvinite will be at $ 400-450 /t, which is fully consistent with our forecast of the average export price for Russian producers in the $ 400 per tonne for 2009 Despite the substantial perekuplennost Russian stock market as a whole, we still recommend that you hold in the portfolio of long positions on a number of blue chips: Sberbank, Norilsk Nickel, MTS, Rusgidro , Lukoil and Surgutneftegaz. In the second line, we recommend to record profits in the shares Dixy Group, MMK, Uralkali, Severstal , Rusgidro and Raspadskiy. Current price levels in the market are too high to continue shopping, however, we continue to recommend to hold long positions on a number of shares of small and medium-capitalization, with a stable business model and a low debt load. Among them we note the action Kuzbassrazrezuglya, Wimm-Bill-Dunne, Bamtonnelstroya, IDC Holding, Akron, rampant and preferred shares sylvinite. Authorize and appreciate the story;; 3 users rated material 5. Analyst Ratings