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“are shares in the lifetime earnings of heavyweight Russian companies with a long history of impressive profitability something that is worthless? I know what I believe and am positioned accordingly.”
If Russia or Putin take the shares from you, then yes the shares would be worthless.
Looks like they dumped as much as they can before the quarter end... has not seen any in April.
It is in my retirement account, no rush to sell, and hope peace comes soon and things get normalised a bit.
Dip seems par for course with traders reacting to negative news flow.
Haven’t seen any more TR1s for several days, which could be positive.
Also, a few thoughts of comfort to myself at least:
-downside risk on this bet isn’t really 100% as it would be with an individual company. Absolute worst case scenario seems more like a 50% loss given the non-Russian assets.
- are shares in the lifetime earnings of heavyweight Russian companies with a long history of impressive profitability something that is worthless? I know what I believe and am positioned accordingly.
Looks like big holders are still selling... one of them should have less than 3mio shares left..
Same, you wouldn't also think the moex is up today judging by the drop here today! Jittery investors, will come good in time.
I didn’t think this would ever see the £1.teens again.
Saw this on twitter :
“Rumor. JPMorgan begins to allow holders of depositary receipts for shares of #Russia to convert them into shares on the #MoEx - sources RTRS“
Agreed. Their choice will indeed determine the direction. But whether they have the ability to make the choice under the legal landscape remains to be seen.
Cheers dog. Although, irrespective of whether it’s local sanctions stopping the dealing, or MOEX restrictions, my point remains the same.
By my maths, using Moex valuations NAV would be c.500p now.
Possibly more limited than you might think. The foreign selling restriction is largely irrelevant as sanctions prevent most foreign entities from dealing in the shares (e.g. the UK sanctions prohibit "dealing", not holding). So if this gets lifted and everyone is prevented from selling, no great impact to price.
People will only be permitted to deal again when sanctions are dropped which I would assert would only happen at a minimum once the war is over and possibly even later if Russia is required to rehabilitate itself with the world.
https://www.reuters.com/article/us-russia-moex-idUSKBN2EZ1XU
Foreign funds own a huge proportion of all shares on MOEX. ~80%. For me, this means that what these funds choose to do when foreign restrictions are lifted determines MOEX direction. What’s happening right now, amongst small proportion of market participants, isn’t a great indicator of future direction of travel on this index…!
Any thoughts?
what does Uncle Joe say...it's the USA pulling the strings.
"Ukraine's President Volodymyr Zelensky has said peace talks will continue with Russia despite accusing Moscow of war crimes and genocide." BBC
I thought everybody was on zelenskys side, nice to see some unbiased commentary jayblu.
Cheers.
JRS now second most bought investment trust on both Interactive Investors and Hargreaves Landsdown. I can only imagine once the selling pressure of CILIM/Lazard abates this will rocket up.
100%
There is certainly an argument that any Western Company in Moscow making a profit is not helping the war effort in Russia ... nor is freezing one's own poipulation by higher energy prices.
The Ukraine war is without doubt a failure in diplomacy --- Zelensky should have had more sense waving a NATO flag under Putin's nose whilst the USA and UK should have take a more pro European lead and kept friends close, but Russia closer.
But it's easy to point fingers when there is a moat between the UK, USA and Russia.
Using your logic it's shouldn't be morally right to own British or American stocks than - war in Iraq, Afghanistan, supplying weapons to the Saudis to kill Yemeni children. Russia is only doing what we have been doing for decades in the west. Never invest with emotions, invest for profits! Or do not invest at all. Just my opinion. Have bagged a nice 250% from Poly and 280% from POG respectively. Still holding, got a long journey up still! GLA!
In negotiations. Interesting twist that puts a few more big cards in the hands of the Ukranians at the resumption of peace talks tomorrow.
https://www.rt.com/news/553240-us-says-ukraine-can-offer-russia-sanctions-relief/
Ha ha ha
https://www.epravda.com.ua/publications/2022/03/10/683673/ I'm too much of a noob to make sense of it, perhaps someone can?
Been shared, sharing here! https://www.reuters.com/world/venue-future-russia-ukraine-leaders-summit-most-likely-turkey-interfax-2022-04-02/
nm