Member Info for Ian_

Good morning Saxonaxe and all,

We are invested at a very difficult time of falling world markets and inflation, the war by Putin on Ukraine has placed sanctions and uncertainty on the viability of many Russian based companies so a 6% hit to our share price yesterday is nothing to be too concerned about and to be expected in these turbulent times.

Yesterday, the world thought Putin MIGHT declare war against the world, but he did not, he reigned in his rhetoric for once.

Maybe this has something to do with it ...

'Russia admits it faces economic collapse over Putin's war'

From the Telegraph
'Russia's economy has plunged into its worst crisis for almost three decades as the country is battered by Western sanctions, a leaked copy of the Kremlin's own forecasts shows.

The Russian finance ministry is predicting a 12pc collapse in GDP this year, the biggest contraction since 1994 when it was shifting towards capitalism under Boris Yeltsin, the first post-Soviet president.

A collapse would wipe out around a decade of economic growth.

The leak will pile pressure on Vladimir Putin, who on Monday presided over a scaled-down version of Russia's annual Victory Day parade marking the end of the Second World War in Europe.

Russia has been hammered by heavy sanctions following the invasion of Ukraine, which are about to be ratcheted up further as Brussels discusses a ban on oil from the country.

It has left the Kremlin teetering on the edge of a default after it last week narrowly avoided a failure to pay foreign debts for the first time since the Bolshevik revolution a century ago.

The Kremlin has yet to issue a public economic outlook, but the finance ministry’s figures – seen by Bloomberg – are more pessimistic than the central bank’s forecasts of a contraction between 8pc and 10pc this year.

The International Monetary Fund expects an 8.5pc decline. The dire figures emerged as Mr Putin appeared at a Victory Day parade in Moscow.

The president did not use a speech to formally declare war against Ukraine or announce a larger-scale mobilisation, continuing to refer to the conflict as a “special operation”.

Krishna Guha, an analyst at Evercore, said Mr Putin “is wary of risking domestic support for the war through mass conscription”

On another note - "As Andy Warhol's $195 Million 'Marilyn' Makes Auction History"

Someone made a good profit as it was last sold In 1994 after the market fell, for just $3.6 M,

Today's hopefuls are -
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Deemon1981 - 10/05/22 - Baby's Due date!
Mr_Wolfe - 10/05/22
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Good luck everyone and an end to the war in Ukraine,

Old Montyboz thinks some here ramped this stock,

If HE is indeed old Rowka, would that crown not fall to him for suggesting £3.50 a share!!!

The most I ever hoped for was £1.22 in the 'guess the price game'!

Yes, with hindsight, and compared to today's share price of just 7.5p, at 40p we would have been much better off!

Only Putin

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