Sidecut trend, in which Russia was moving in the morning, close to the completion of bidding followed the decline of domestic sites after futures on the U.S. indices and oil. Despite the generally positive nature of published statistics on income, expenditure and public confidence, the dynamics of American markets at the moment is volatile in nature, without a certain path, which indicates the overall uncertainty of investors and lack of investment ideas. Following the closed session, the RTS index rising by 0.8%, MICEX - declining to 0.10%. Blue chips ottorgovalis raznonapravleno. Results of the annual meetings of shareholders of Gazprom played today, the paper (1.65%) and Sberbank (-3.94% for a /s, and -1.32% for a /p). Significant growth in the securities of Norilsk Nickel (4.08%) and Polyus Gold (3%). As an outsider, apart from the Savings Bank, completed the day prefy Transneft (-5.07%). Next week will be eventful statdannymi. On Friday, U.S. stock exchanges in connection with the Independence Day will not work, which probably would allow some breathing space and the Russian market in the weakening of external influence. In general, we believe that in the next trading day on the Russian market will not have incentives for growth and the trend remains downward motion. Authorize and appreciate the story;; 1 users rated material at 2. Analyst Ratings
In Friday trading in the main session was $ 1 379 806 413. The volume of open positions in Futures rose to 2 444 988 contracts for options up to 1 244 974 contracts. Futures on the RTS index rose by 0.88%, to close at 93,770 on the value of the items. leader trades at its day was a contract for the shares of MMC Norilsk Nickel, grown at 6.31%. A contract for preferred shares of OAO Sberbank of Russia gained 3.01%, a contract for the ordinary shares of OAO Sberbank of Russia decreased by 1.89%. Rosli also contracts for Gazprom's shares (1.17%), Lukoil (0,36%), Rosneft (0,96%), OJSC Uralsvyazinform (2.19%), OJSC Tatneft (1.98%) OJSC Polyus Gold (2.21%) and OAO Severstal (1.14%). The remaining contracts for shares fell by 0.4% - 4.05%. The leader was a reduction in the contract for preferred shares of OAO Transneft. On the currency in the black section of the session completed a pair of euro-dollar and the euro-ruble gained by 1.15% and 0.5% respectively. Commodity contracts are closed in the black: BRENT crude oil grew by 0.51%, the contract for gold at 0.7%, 1.79% silver. The evening session is held in the red. As of 18.12 Moscow time on the futures on the RTS index losing 0.74%. Authorize and appreciate the story;; Your grade will be the first! Analyst Ratings
National Bank of Ukraine (NBU), approved a financial recovery program for Regional Development Bank (BRR, Kiev). As reported in the press release of the bank, financial recovery program includes the involvement of a strategic partner, which would amend the charter capital of the Bank of not less than 85 million grn. The main condition that we put - proplata UAH 85 million to supplement the charter capital. Today, unfortunately, the regulatory capital a bank is negative. After that a new shareholder, along with the old, assumes the fulfillment of all obligations that are in the bank - as quoted in the press release of the interim administrator of the bank Andrey Yatsura. As reported in mid-June A. Yatsura reported that BRR is negotiating with three potential investors about selling a controlling stake in the bank. April 27 general meeting of shareholders BRR decided to increase the authorized capital of two times, or UAH 85.317 million - up to UAH 170 million by issuing additional shares.
Jun 26, 2009 annual meeting of shareholders passed the Moscow Bank for Reconstruction and Development, which was summed up last year. Assembly approved the bank's annual report, annual accounts, including the income of the IBRD in 2008. Assembly elected the Board of Directors of IBRD, the Bank's Audit Committee and approved the auditor for 2009. According to the agenda at the meeting were approved: 1. Submit 10% of net profit or 28 731 940 rub. 56 kop. Reserve Fund Bank. In accordance with the Bank's reserve fund is directed at least 10% of net profit; 2. Devote part of the net profit of $ 1 614 085 rubles. for the remuneration of the members of the Board of Directors of the bank (50 000 USD. United States at the rate on 13 May 2009 32.2811rub. per 1 USD. United States); 3. Do not pay dividends on ordinary and preferred shares of the bank; 4. Do not distribute the net income of $ 256 973 380 rub. 00 kop.
Chairman of the Board of Directors of OAO MMK Viktor Rashnikov visited the construction site of Russian-Turkish business IMC-Atakash in the city of Iskenderun (Turkish Republic), and held a series of workshops. In May 2007, OAO Magnitogorsk Iron and Steel Works and company Atakas (Turkish Republic) have decided to build in Turkey a new steel company, and signed the Agreement on the participation of JSC MMK capital MMK ATAKA #350 ; METAL #220; RJ #304; SANAY #304;, T #304; CARET VE L #304; MAN #304, #350; LETMEC #304; L #304 #286 #304; A. #350; . ( MMK ATAKA #350;). In July 2007, CMI became the owner of 50.0000045% of shares in the joint venture. The new plant located at two sites, the production will be located in an area of Iskenderun, the second site is located in the vicinity of Istanbul. In the future, the plant should produce approximately 2.3 million tons of various flat rolled products. The contract for the supply of basic equipment for metallurgical companies signed in October 2007 with the Italian company Danieli.
June 26, the annual general meeting of shareholders of OJSC MGTS, which were approved by the annual report, annual financial statements, including statements of income for MGTS 2008, addressed questions about the distribution of profits and losses resulting from last year, the dividend and also elected a new board of directors, audit committee and approved by the auditor for 2009. a majority (about 98%) MGTS shareholders voted against the recommended Board of Directors decision to pay dividends on the basis of 2008. was also elected a new board of directors of MGTS in the number of 12 persons: • Andreichenko Cyril Igorevich, nominated: OAO Comstar - UTS. Current position at the time of nomination: Vice President, Corporate Governance and Legal Affairs OAO Comstar UTS; • Bedin, Mikhail Ivanovich, nominated: OAO Comstar - UTS. Current position at the time of the nomination of: Director of Department of subscriber access network operation JSC Comstar-UTS; • Alexey Goncharuk, nominated: OAO Comstar - UTS. Current position at the time of nomination: First Vice-President of OAO Comstar - UTS; • Karmanov Dmitriy, nominated: OAO Comstar - UTS. Current position at the time of nomination: Vice President for Personnel Management JSC Comstar-UTS; • Irina Matveeva Arkadyevna, launched: OAO Comstar - UTS. Current position at the time of nomination: Vice President for Economics and Finance JSC Comstar-UTS; • Morozov Andrei Vladimirovich, yydvinut: Lindsell Enterprises Limited, Reardon Enterprises Limited, Pruett Enterprises Limited, Broadhurst Investments Limited, Postland Enterprises Limited.
June 26 at the central office of Gazprom held a meeting on the optimization and development of underground gas storage (UGS) in terms of reducing gas consumption. meeting held the Vice-Chairman of the Board Alexander Ananenkov, the meeting was attended by a member of the Board - Head of Department on transportation, underground storage and use of gas Oleg Aksyutin, managers and specialists from relevant units of Administration of Gazprom, as well as JSC Gazprom UGS ' OOO Gazprom export, JSC Gazprom tsentrremont, OOO Gazprom Equipment, LLC Gazprom VNIIGAZ Ltd. Podzemgazprom OAO Podzemburgaz. In opening the meeting, Alexander Ananenkov underscored that in a crisis in the world economy, reliability of the UGS, as an integral part of the Unified gas supply system, should remain high and the task of building productive capacities of the daily performance of UGS continues to remain relevant .
European stock markets fell during the bidding process. The main loser of the day once again become the financial sector. This time gloomy forecast the International Monetary Fund on losses of banks led to the sale of Irish European securities. In addition, having a lowering of investors advice on a number of shares of financial institutions such as Credit Agricole and the Swiss Life Holding. In addition, the company Cheuvreux reduced its profit forecast of Credit Agricole. Against the backdrop of a fragile optimism these factors have a strong pressure on the mood of the players, who were also upset by the number of data applications for unemployment benefits in the United States, surpassed expectations. These negative developments reinforce fears that the global economy is far from the final out of the crisis. U.S. stock markets finished Friday assured growth. Weak data from the labor market pushed aside because of the corporate quarterly reports, so Bed Bath Beyond soared up through the higher results than expected. However, the quarterly results of the construction company Lennar again were unprofitable, but smooth out the situation was due to an increase in orders and sales of new homes.
Ukraine has a new segment of the investment business - the operation of so-called distressed assets (critical asset). Through local intermediaries specialized foreign funds are promising Ukrainian companies, which are mired in debt or have no working capital. They offer to give up share in the business in exchange for financial support The crisis has revived operation with problem assets. The major world Investbank and administering funds have been set up special structures, called distressed debt funds, special situation funds, or on a slang vulture funds. The most famous in the world problematic cornerman assets - Blackstone Group. For the first time such structures have emerged during the Asian crisis of the late 1990's. There are funds that say: we look forward to a specific investor, we have a high level of risk and a large horizon of expectations, we can only work in crisis situations. They raised money abroad, and can provide them good conditions, in contrast to domestic investors. But it is clear that expect to increase their profitability, - the expert told an international private equity fund operating in Ukraine. According to him, such investors are guided by no less than 25% of annual income in the currency. This direction is very important and promising. There have been precedents when they bought the business in Ukraine is almost free, but with large debts. Of course, the work of professionals - those debts to restructure, sell, or at least reduce, - noted the chairman of the supervisory board of AMC Pioglobal Ukraine Roman Sazonov. Another couple of months ago on a proposal to invest in Ukraine, major funds on the move answered no. Now the main point has changed. Instead of denial, they say: offer . Especially their interest to brand the company with a large market share. And if the past interested in export-oriented structures, following the devaluation, however, want to work with companies focused on import substitution with stable consumer demand , - stressed the head of the Department of Asset Management Astrum Investment Management Andrei Smolin. Foundations of problem assets - is not just western, but Russian investors, meeting Western money. Among them, the Russian private equity funds, hedge funds and special situation funds. Better understanding the local market, they see Ukraine more than Western foundations. At the same time, stressed Mr. Smolin, an absolute no is stored only in respect of the financial sector, as well as a caution - in the construction sector. However, Project Manager Department of Risk Management VAB Bank Eugene Sailor predict interest of investment funds that specialize in undervalued assets, a purchase of Ukrainian banks - for resale.
first results of harvesting campaign confirmed the worst fears of experts - on the record harvest this year should not even dream of. In domestic storehouses get to 10 million tonnes of grain is less than last season. But the loss of shaft villagers are offset by high prices. Enhanced demand and the weakening of the traditional competitors of our exporters in the world market traders offer up new horizons. But in the case of ÑелÑнами are likely to match the traditional nevezuha, which does not allow them to earn even in the very successful years. last week kicked off in Ukraine harvested Strada - cereals began to gather in the Crimea and Odessa region. In the coming days, will join them Nikolaevschina farmers and Kherson. Experts forecast that the current campaign will be one of the most difficult in recent years and has already reduced the preliminary forecasts for grain harvest. The April frost, replaced the May drought permit ÑелÑнам again exploit weather. Some farms claim the loss of or damage to 10-15% of canola and barley crops and 3-5% - wheat. According to the Minagropolitiki, in mid-June in good condition were slightly more than half the crops (5244 ha), in satisfactory - some 35% (3402 ha). Weak and thinning accepted up to 10% of cereals (821 hectares). According to Director of Pro Agro Nicholas Vernitskogo, this season in the country will be collected about 40 million tons of grain, up 13 million tonnes less than last year's volume, and by 2-3 million tonnes - of what was expected in 2009 . The representative of UkrAgroConsult Elizabeth Malyshko notes that, according to their calculations, villagers will have no more than 39.5 million tons, of which 18.5 million tonnes of wheat and 10 million tonnes of barley. The relatively low output was due to low crop yields. If last season, management collected 34.6 kg /ha of wheat and 28.8 kg /ha of barley, it is expected 29.6 and 21.3 kg /ha, respectively. In addition to far from ideal weather conditions, crop подпортил and inadequate care for the crops - due to lack of funds is not made by farmers and half of the required amounts of fertilizers and crop protection. The money issue could play with ÑелÑнами malevolent joke now. According to analyst estimates Ukrainian club of agrarian business Andrew Tolstopyatov, cleaning will need to order 3.5 billion UAH. that half that was spent on the crop, but still quite a lot, given that most households have already exhausted their reserves, out the last reserves of last year's crop. The shortfall will be not less than 1 billion grn. That increases the chances of crops and stay in the fields. The Government has already promised to compensate affected farmers around 5 billion UAH. But so far only been allocated 300 million UAH. And get access to the money in the current year, farmers will be more difficult than usual. Andrew Tolstopyat said that, taking into account the factors, and not rely on good quality grains - indicators on the content of protein and gluten allow attributed much of the crop unless the latter fodder 5 and 6 classes.