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).
The Russian stock market concluded the last trading day of the week at the same level. RTS Index grew at 0.84% to 955.45 points, MICEX index fell by 0.1% to 960.16 points. The volume of trades fell. favorable external background, which emerged before the opening of the Russian stock market on Friday, promised a new round of anti optimists look forward to the resumption of medium-term upward trend and the pessimists, give up the hope of translating that scenario into reality. This last position was very vulnerable, since too wide a scope for maneuver vis-à-vis them provided strong closing bid for Wall Street and vzmetnuvshie to $ 71/barr. oil prices on the unrest in Nigeria and the weakening dollar due to a recurrence of the People's Bank of China's appeal to establish a new reserve currency. Nonetheless, opposition to the bulls and bears ended in favor of the latter. All attempts to keep the MICEX index above the maximum of the previous day (987 points) in the first half of tenders have been unsuccessful, but in the afternoon, further efforts in this were no longer relevant. Undermined the confidence to purchase recoil oil prices coupled with the resumption of a downward trend in European stock markets, as well as the published statistics from the United States, which gave further impetus to the fixing of profit on long positions. Thus the income of American consumers through the payment of lump compensation benefits under the incentive program the president had Obama above-consensus forecast, however, consumers have sent the funds to pay off debts or put them on a rainy day. The result was an increase in the level of savings to the maximum in the last 15 years, which increased the likelihood of very slow recovery of American economy. Released followed index of consumer confidence from the University of Michigan, were better forecasts after previously published statistics did not even score any effect. As a result, the MICEX index lost all the advantage of the morning, completing the last trading day of the week near the level of closing on Thursday. The main culprit for the neutral of the Russian stock market - paper have become the banking sector (Micex FNL -1.91%), in which the pressure of bears efforts. Shares VTB cheaper at 2.83%, Sberbank preference shares - at 1.32%, of its common shares - at 3.94%. Negative aspects for the shares of the Savings Bank was the approval of the shareholders' general meeting decision to increase the number of authorized shares to 15 billion units, as well as the bank's vice-chairman Denis comment Bugrova, which did not exclude the fact that the transaction for the purchase of Opel in an alliance with Magna can not take place. In the oil and gas sector (Micex OG -0.51%) prevailed corrective mood, an exception was to continue at recent corporate news to increase Tatneft shares (1.12%), and affiliates of Gazprom shares (1.65%). The latter ceased to look worse than industry rivals, having received positive signals from the ongoing annual meeting of shareholders. So the head of gas monopoly of Alexey Miller announced that the second half of the year for the gas monopoly will emerge more smoothly than the first referring to the increase in demand. Establish relations with partners, Gazprom - Turkmenistan and Ukraine. The first line pricing formula of gas supply, the second - an agreement that Naftogaz Ukrainy will list the money for fuel in the necessary timeframe. In addition, Mr. Miller shared his plans to strengthen cooperation with Gosneftekompaniey Azerbaijan, which resulted in the purchase of gas from that country may increase. Metallurgical Sector (Micex MM 1.4%), after not quite sound Drawdown played the eve of the loss. Lead-up paper GMK Norilsk Nickel (4.08%). Looking at this market: Most American stocks are not able to support the initiative the previous day, slightly adjust its exchange value (SP 500 -0.15%). The main cause of fading momentum for purchases have been released statistics that record jump in the level of savings that is in favor of a slow recovery in consumer demand. The greatest losses in shares of oil and gas industry mean lower prices in the energy market. On Monday, futures for the American indexes show significant negative (SP 500 -0.51%). At the Asian stock pads morning rise quotations turned their caregivers in the negative region (MSCI Asia pacific -0.5%). The published data on promproizvodstvu and retail sales in Japan have not been able to justify market expectations. The negative impact on sentiment had plans to Daiwa Securities, and Mizuho Financial to conduct additional issue of shares. Statements by the People's Bank of China Governor Zhou Syaochuanya that China is not going to make sudden movements in the management structure of its foreign reserves, strengthen the U.S. dollar in the Asian session. Against this backdrop, suffering quotes contracts in commodity markets - the price of WTI crude oil mixture dropped to a mark in $ 68.6/barr. Thus, the Russian stock market will start trading next week with a break down within 1% close to 950 points in support of the MICEX index. Some time buyers may be able to index remained above that mark, but in the future, perhaps this point will all be gone, which will give the green light to most liquid securities to return to the remaining outstanding gepam, which were formed as a result of the session 24 June. In the case of this scenario, the MICEX index will again test the line of medium-term upward trend, thereby reducing the magnitude of fluctuations and preparing for the final choice of direction for the foreseeable future. Day will have a limited impact on consumer confidence index and the economy of the euro (13-00 Moscow time), and indices of business activity in the manufacturing sector FRB Chicago (16-30 Moscow time) and FRB Dallas (18-00 Moscow time). Authorize and appreciate the story;; 1 users rated material at 2. Analyst Ratings
shareholders' meeting passed without surprises In our view, this morning, a moderately negative external background, the main negative is the decline in oil prices, respectively, one can expect some reduction in the Russian stock at the opening of bids, the oil and gas sector will be worse than the market. The fall in oil prices is also negative for the Russian ruble and, consequently, bank shares. However, oil prices are still at a comfortable level, allowing the Russian stock market to maintain its attractiveness. last shareholders meeting of Gazprom, Sberbank and Surgut presented no major surprises. In the Russian crisis chips feel good. However, savings is a common negative for the banking sector, and probably finish the year with the financial result of nearly zero. Surgut, as the market posted its monetary stance in the currency and the recent strengthening of the ruble, of course, adversely affect the financial results. In this new devaluation of the ruble at current oil prices looks unlikely. Although, of course, themain negative for the shares of Surgut is in the closed company. In general we can say that the corporate governance of Russian companies remains a medium. The leaders in this matter, we believe, are - MTS, MMC Norilsk Nickel and Rosneft. Authorize and appreciate the story;; Your grade will be the first! Analyst Ratings
Analyst Polish Center of Oriental Studies (OSW) Anna Gurskaya does not expect to be held in June 29 meeting of European experts, Ukraine, Russia and international financial institutions' critical 'decisions to prevent possible gas crisis. About this she said to own кореÑпонденту UNIAN in Poland. expert expressed the opinion that at this meeting, representatives of the European Commission and financial institutions will want to obtain information about the real status of the gas in Ukraine. We must first obtain the real data ... Then seek alternatives (assistance to Ukraine in the calculations for natural gas), - she said. Gurskaya As noted, first of all it is a question about how much gas needed to supply in a crisis, but gas in underground gas storage facilities, a possible mechanism for the calculations. After the pravilstvo (Ukraine) began to hide more data, the release of Naftogaz of 20 billion gas UGS, delicately speaking, few people convinced ..., - noticed it. The analyst did not rule out that the credit for the purchase of gas can not get Naftogaz Ukraine, a European company, which agreed to purchase necessary to ensure uninterrupted supply during the autumn-winter season, natural gas storage in Ukraine UGS.
Dow Jones (Dow Jones) the New York Stock Exchange fell by 34.01 points (-0.40%) and closed at 8438.39. NASDAQ Index (Nasdaq) rose 8.68 points (0.47%) and is at the level of 1838.22. Index S & P 500 (SP 500) dropped 1.36 points (-0.15%) and is located at 918.90. Yield 30-year U.S. government bond is 4.303 (has fallen over the previous closing on 0.026). rate euro /dollar continued to increase in the U.S. session and reached a level of 1.4115. However, the course was unable to hold above 1.4100 marks and adjusted to a level of 1.4060. It is noted that the current data in the United States raises some hope for healing the country's economy, which increases the demand for more risky assets and contributes to U.S. sales. pressure on the dollar is also a declaration of People's Bank of China. Management calls for a new independent currency. It was noted that a serious defect in the global monetary system is the fact that one of the currency took a dominant position. Today, the price of oil in New York fell to the closure of bidding at 1.07 dollar to 69.16 dollars per barrel. During the bidding price is raised above level 71 dollar per barrel index of personal income (Personal income) in the United States in May was 1.4% (forecast was 0.3%, previous 0.7%). The index of personal spending (Personal spending) in the United States for March was 0.3% (forecast was 0.4%, previous 0.0%). final consumer sentiment index from the University of Michigan (Michigan sentiment index) in the United States for June 70.8 (69.0 forecast, the previous value of 69.0).
Concern Volkswagen is considering the possibility of establishing a strategic alliance with the Japanese car Suzuki in developing subkompaktnyh cars. That was reported by Bloomberg News, citing unnamed sources familiar with the situation. As explained Reuters, in partnership Suzuki Japanese company will receive the support of big automakers to develop new models, Volkswagen will be able to add to its range subkompaktnuyu machine, which will be in range at the step following a family city car built on the grounds of the concept - Karov Up!. The first model of this line should stand on the conveyor factory in Bratislava in 2011, passes lenta.ru. According to some reports, company Volkswagen is also considering the option of purchase within 10% of the shares of Alliance Suzuki, but the representatives of the Japanese automakers have refused to comment on this information, as well as messages about the upcoming partnership with the Germans.
Dow Jones (Dow Jones) the New York Stock Exchange fell by 34.01 points (-0.40%) and closed at 8438.39. NASDAQ Index (Nasdaq) rose 8.68 points (0.47%) and is at the level of 1838.22. Index S & P 500 (SP 500) dropped 1.36 points (-0.15%) and is located at 918.90. Yield 30-year U.S. government bond is 4.303 (has fallen over the previous closing on 0.026). rate euro /dollar continued to increase in the U.S. session and reached a level of 1.4115. However, the course was unable to hold above 1.4100 marks and adjusted to a level of 1.4060. It is noted that the current data in the United States raises some hope for healing the country's economy, which increases the demand for more risky assets and contributes to U.S. sales. pressure on the dollar is also a declaration of People's Bank of China. Management calls for a new independent currency. It was noted that a serious defect in the global monetary system is the fact that one of the currency took a dominant position. Today, the price of oil in New York fell to the closure of bidding at 1.07 dollar to 69.16 dollars per barrel. During the bidding price is raised above level 71 dollar per barrel index of personal income (Personal income) in the United States in May was 1.4% (forecast was 0.3%, previous 0.7%). The index of personal spending (Personal spending) in the United States for March was 0.3% (forecast was 0.4%, previous 0.0%). final consumer sentiment index from the University of Michigan (Michigan sentiment index) in the United States for June 70.8 (69.0 forecast, the previous value of 69.0).