RE: Gazprom OGZD - usd still trading at $3.508 Jun 2022 17:28
Well that draws a line under that.
Delisting and Termination of ADR programme from 31-05-2022
I was in the same position as you, so I am guessing we will have lost everything we had invested here. I suppose I am fortunate that it is a very small position for me but at $12 I could have sold for a 200% gain!
I know there was always a risk of investing in a Russian stock but Gazprom is a huge company, it felt pretty safe and is certainly worth more than the $3 or so it sometimes shows. I feel like I am actually more p1ssed off with the western sanctions than the delisting decision, I mean what affect have they had, apart from a blip to the rouble! I doubt we will see any recompense, no Russian bank can pay anything to the west even if they wanted to. Still, could be worst, we could be living in Ukraine. I think that is my rant over, time to forget about this bad investment.