It is the annual meeting of shareholders of OAO IDC Holding. During the assembly Nikolai Shvets, general director of the company, made several statements. First, the investment program Holdings IDC for 2009 is estimated at 112.6 billion rubles. Previously, investment company for 2009 was estimated at 138 billion rubles. Secondly, the transition Lenenergo, MOESK and Tyumenenergo for RAB-regulation may occur in 2010. We believe that the events of a neutral impact on stock quotes IDC Holding, as the value of the investment program the company was already known. At the same time, the message of a possible transition Lenenergo and MOESK can positively affect the share prices of these companies in the short term. However, We believe that the transition to RAB-regulation Lenenergo and MOESK not happen in 2010 because the transition to the tariff system implies a substantial increase in the tariff for the regulated companies, that will be inappropriate in a situation where the government is trying to achieve a minimum growth rate, - comments the analyst of investment Company FINAM Constantine Raleigh. VTB has held the annual general meeting of shareholders at which the Bank's management has made several statements about the current situation and plans for the near future. VTB President Andrei Kostin said that the delay is now 6%. Also, the head of VTB noted that the absence of losses for the year is unlikely. VTB Chief Financial Officer Nicholas Tsehomsky said that several thousand people working in the VTB 24 will be either transferred to another job, or reduced. Articulated by the president VTB on the amount of overdue debt, which significantly exceeds the average value, may put pressure on bank stocks. In addition, the increase in bad debts the bank is forced to build reserves, resulting in a loss to follow-up to 2009, which, according to our estimates would amount to $ 2.2 billion, - writes in his daily analyst FINAM Konstantin Romanov. CC PIC Shareholders approved the new Board of Directors, of which as new members include 3 representatives of the Nafta Moscow. We appreciate the new neutral members of the Board of Directors of the CC PIC, through the representatives of Nafta Moskva. Nevertheless, in terms of consolidating a large stake in CC PIC, we believe that the structure of Naft will actively participate in the activities of the company and in the future will be able to support GC FDI in the restructuring of debt, - commented SergeiPhilchenkov from FINAM. Authorize and appreciate the story;; Your grade will be the first! Analyst Ratings
So, on Friday euro kept at a maximum of the latter, it was seemingly inevitable way up there again. What is not surprising since, as we wrote, continued growth led to activation of warrants to purchase, and the growth of the euro would be very difficult to stop. At the same time, a situation where the price remains high, but below the previous peak, and even acted bears on the nerves, in fact, did not prejudice. Therefore, the euro today, falling below 1.40 (minimum was shown at 1.3981) is not surprising. At the same time oil prices fell on Friday maximums to 69 dollars per barrel, the Dow Jones fell 0.4%, closing at 8438, and returns a 10-year Treasuries fell to 3.5%. Thus, the situation in the related markets for the dollar is favorable. Analytical tapes were easy to explain the market movements over the last trading day. On Friday, the dollar slabel to publish a report the Bank of China for 2009, which was repeated call (announced by China in March) to abandon the dollar and move to a new reserve currency based on the SDR (Special Drawing Rights).
At 16.00 Moscow time the price index value was 114.92 RGBI. Compared with the closing of the previous day, he rose to 0.07 Clause (0.061%). The volume of trades in the market for government securities amounted to 17.51 billion rubles. Yield on bonds SU25061RMFS1 with the date of repayment in May 2010 was 9.56% (-0.26 percentage points) on the bonds SU25063RMFS7 with the date of repayment in November 2011 - 11.87% (-0.21percentage points) on the bonds SU25064RMFS5 with the date of repayment in January 2012 - 11.97% (0 items) SU46003RMFS8 bonds with maturity date of July 2010 - 9% (0.19 percentage point), SU46014RMFS5 bonds with maturity date in August 2018 was - 11.02% (0.27 percentage point). C corporate bonds reached 672 transactions in the amount of 6047.25 mln. Yield on bonds AHML 10ob to the date of repayment in November 2018 was 15.19% (0.32 percentage points) on the bonds Petrokomb2 to the date of repayment in August 2009 - 11.67% (0.74 percentage points) on the bonds VTB -- 6, on the date of repayment in July 2016 - 8.8% (0.19 percentage point), GAZPROM A4 bond with maturity date in February 2010 - 9.46% (0.05 percentage points) on the bonds Zenit 3obl to date repayment in November 2011 - 14.8% (0.05 percentage point). C sub-federal and municipal bonds reached 144 transactions in the amount of 2020.09 mln. Yield on bonds MGor44-on with the date of repayment in June 2015 was 15.33% (0.45 percentage points) on the bonds Novsib 4ob with the date of repayment in June 2010 - 11.48% (-3.25 percentage point), the bonds Yakut-07 on the date of repayment in April 2014 - 16.18% (0.03 percentage points) on the bonds KaluzhObl-2 with a maturity date in August 2011 - 17.34% (-0.33 percentage point), the bonds MGor49-on with the date of repayment in June 2017 - 15.2% (0.31 percentage point). Authorize and appreciate the story;; 1 users rated material at 2. Analyst Ratings
By 14:52 Moscow time the MICEX index rising 1.88% to 978.25 r.Maksimalny value growth is observed in the telecommunications sector (2.52%), less than the remaining growing financial sector and electricity (0.55% each). The index of large capitalization grows by 2%, the average market capitalization - on 0,81%, a small market capitalization - on 0,07%. Chairman of the Government of Russia Vladimir Putin said that the Central Bank of Russia the possibility of further lowering the refinancing rate. OJSC Surgutneftegas approved dividends on the results of 2008 in the amount of 0,6 s.. and 1,326 r. on ordinary and preference shares respectively. This amount of dividends due to the increase of net profits for the year in 1,6 times. Sistema decided not to pay dividends on the results of 2008, as the company's net loss amounted to about 107mlrd.r. GAZ today announced the closure of register of shareholders as at 15 June to determine the list of persons eligible to participate in the extraordinary meeting of shareholders scheduled for 20 July 2009. JSC Polymetal is going to conduct additional issue of shares in the amount of 84.375 mln nominal value of 0.2 p. to current 315mln.sht. of the same denomination. ZAO ГЛОБÐКС opened in favor of OAO Center revolving line of credit volume 3mlrd.r. 3 years under the rate of 18% per annum. The August crude oil futures traded on NYMEX, rising to 0.55%, trading at 69.54 U.S. $ /barrel. September futures for the SP 500 index, traded on the CME, younger at 0.36% and traded at U.S. $ 917.25 In the remainder of the trading session, most likely continued growth of the MICEX index to 1000p. Authorize and appreciate the story;; 2 users rated material at 3,5. Analyst Ratings
Campaigns increase short positions in index ETF in the U.S. (SPY) and the indices of developed countries (Europe (VGK), Japan (EWJ)), with an increase in SP 500 index to a level of 920-925 points with the immediate goal of 880 points on the SP 500 index. Keep long positions in the ETF for U.S. financial sector (XLF, KRE, KBE) with the immediate goal of $ 12.6 for the XLF. Keep short positions in developing countries ETF (EEM, EWZ, EWY) with the immediate goal of $ 28.0 for the EEM. Maintain long position in ordinary shares of VTB Bank (VTBR RX) with the immediate goal of 0,037 rubles. Maintain short position in the September futures on the RTS index (VEU9) with the immediate goal of 880 points. Increase the short in the case of growth of quotations to 980-990 points. Raw Buy August futures for oil varieties WTI (CLQ9) while lowering the quotations to $ 67.00 and below with the immediate goal of $ 70.00 and the stop-loss at the point of $ 66.00. Buy August futures for natural gas (NGQ9) while reducing the quotation up to $ 3.80 and below with the immediate goal of $ 4.30 and the stop-loss on the mark in the $ 3.65. Close long positions in the July futures on copper (HGN9) at the current levels ($ 2.30 per pound) in connection with the July contract expiration. Authorize and appreciate the story;; Your grade will be the first! Analyst Ratings
Jun 26, 2009 at the annual general meeting of shareholders of JSC Scientific - Production Association Saturn was approved by the annual report, annual financial statements, including statements of income, as well as distribution of profits and loss of society as a result of 2008 fiscal year. Decision meeting of shareholders of the 14 candidates to the board of directors elected by 9 people: Artyukhov Alexander (Director General of UMPO); Andrei Bolotov Y. (vice president - managing director of the first administration to work with major clients of JSC Bank VTB) ; Vahrukov Sergey (Governor of the Yaroslavl region), Ivan Goncharenko Maksimovich (First Deputy General Director of Rosoboronexport); Lastochkin Yury (General Director of JSC NPO Saturn ); Lelik Dmitry (First Deputy General Director of OAO OPK OBORONPROM ); Manturov Denis V.
Jun 26, 2009 at the annual general meeting of shareholders of JSC Kirov plant were approved by the annual report for 2008 and financial statements of the Company for the year 2008, including profit and loss account. In accordance with the recommendations of the board of directors had decided to profit for the year 2008 to keep at the disposal of society, the dividends on the basis of society in 2008 did not advertise and does not pay. Also, the shareholders have decided not to pay compensation to members of the Board of Directors and the Audit Commission on the results of 2008. Collection of shareholders elected a new board of directors of JSC Kirov. It includes: Borisov Yury Fedorovich, general director of Projects and solutions; Markeev Anatoly Nikolaevich, Deputy General Director of JSC Kirov on the production of excavation; Noskov Egor Alexandrovich, General Director of LLC Dyuvernua League, Kirill V. Polyakov, MP Legislative Assembly of the Leningrad region the fourth convocation; Semenenko Georgy Petrovich, General Director of JSC Kirov Semenenko Larissa Ivanovna, assistant JSC Kirov, Igor V.
Last Friday, U.S. stock indices closed multidirectional movement, showing the downward momentum is already the second week in succession. At the end of last week, investor concern led to macro-economic data showing an increase in Americans' savings rate to the maximum marks for the last 15 years, which, in turn, spoke not only about reducing the rate of consumption, but also the problem of rapid economic recovery in the country. By the way of consumption. Data released today from the Japanese retail sales for May also showed a decrease of 2,8% y /y. The negative trend already recorded the ninth month in succession. This negative factor, as well as the strengthening yen rate today, press down on the Nikkei index of 1.3%. Significantly better than Asian markets traded today, the Chinese market (Shanghai Comp 0,86%).
On Friday against the backdrop of favorable external conditions (prior to bidding in the United States ended a significant increase in major indexes, while oil prices climbed above 70 dollars per barrel after rebel attacks on oil pipelines in Nigeria), the Russian market opens rising prices. But buzz among buyers has not been observed, the MICEX index, approaching the 1 000 points, did not test this psychologically important mark. Afternoon bidding activity markedly decreased indices gradually lost its morning gains. Statistics, published in the United States in 16:30, was unfortunate and has contributed to the continuation of sales. As a result, on the day of the MICEX index of all 0,18%, RTS index 0.84%. Among sectoral indicators Micex best result on the day showed the telecommunications MICEX TLC (3,88%) - largely due to an increase in illiquidity quotations Comstar UTS at 7.11%. In general, the dynamics observed in the divergent, activity remained low. The Branch has not enjoyed much interest from investors who prefer otygryvat movement in the market more liquid securities. Metallurgical index MICEX MM 1,4% against the backdrop of rising prices for metals at LME. The largest increase - over the shares of MMC Norilsk Nickel (4.08%), Polyus Gold (3.0%) and TMK (2.52%). In the little black electricity index MICEX PWR (0,4%). The dynamics observed differently, many of the paper sector finished the day in negative territory, losing in the range of 5%. In the current situation suggest that careful work with the securities sector, investors with short investment horizon. In the oil and gas sector declined slightly in the background during the second half of the day oil prices dynamics immediately deteriorated, MICEX OG -0,51%. The leader throughout the day remained Gazprom (1,65%), and worst of all looked prefy Transneft (-5.07%). Shares of banks were outsiders among the blue chips, Sberbank obychka -3.94% prefy -1.32% -2.83% VTB shares. MICEX FNL -1,91%. Expectations for today: an external background today from the morning unfavorable. Oil prices are again turned down, do not see signs of a resumption of sustained growth in foreign stock markets. Given the indecisive dynamics, which Russia has shown in the second half of last week, we can assume that the upward rebound exhausted, and we looked forward lateral movement at current levels or the resumption of a downward correction. Authorize and appreciate the story;; 3 users rated material at 2,7. Analyst Ratings
JSC Pipe Metallurgical Company (TMK), one of the world's largest manufacturers of tubular products for oil and gas industry, has successfully conducted an air test straight pipes of large diameter pipe production of the Volga Plant (VTZ) in the experimental range the company Gazprom in the city of Chelyabinsk region Kopeisk. The company tested the new pipe diameter 1420 mm, wall thickness 23 mm grade strength Х80. From the experimental tube was welded experimental whip, which under the pressure of 13 MPa (133 atm) to assess the resistance of pipes long viscous destruction. In the tests have been attended by Gazprom, TMK, VTZ, RosNITI, VNIIGAZ, GAZNADZOR. In accordance with the criterion of the results of the experiment to be successful. test result straight pipes 1420h23 mm category strength Х80 recommendation will be a permanent committee of Gazprom on new types of pipes for the construction and operation of pipelines for a working pressure of 11.8 MPa (120 atm).