Member Info for soleman1

If I were in that position I would sell it but I'm not qualified to give financial advice. If you put the money into this you would need about 800p to get your money back.

JPM have a licence to bank in Russia so the adr/gdrs should be very simple they may even be allowed to keep them but either way I don't think there's any reason for concern. Dividends needs clarification but I'm not sure the Russian holdings will be paying out divvis at the moment anyway. Rhetoric seems to be softening from the Russian side and 9/5 approaches, I'm hopeful this may be a surprisingly quick resolution to conflict but either way a very happy holder at this price.

I think only around 20% of the funds holdings are ADR or GDR, these will be swapped for regular rouble based stock with the rest of them. With the ruble at such a high price right now relatively the assets have appreciated nicely.

Correct, a lot of people are struggling with this valuation concept. Basically 400p worth of equity is being priced at 47p by JRS right now.

Thanks for the expert opinion, could be worth your time having a read into what this actually is.

Yeah same, there's extreme fear here, which I understand but ultimately this seems to me a safe bet for exponential returns.

Same, you wouldn't also think the moex is up today judging by the drop here today! Jittery investors, will come good in time.

It's really hard to value the moex with the foreign selling restriction in place. If opening the ADRs was the solution poly would be 900p now as dual listed, the market hates uncertainty and there will be arbitration of sorts until foreign investors are able to sell in Russia. That being said the UK counterparts are valued at a third suggesting fear the Russian counterparts will drop 70% odd. Given Russian valuations are already extremely cheap even for Russia and the impact on businesses is far less than initially thought I think the market has priced in doomsday. My guess if foreign investors were able to sell today is yes a big drop in the moex but equalising with valuation here around 300p and making its way towards 400-600p through peace and sanction lifting whenever that comes.

Yes agree, the NAV is posted based on liquidation potential as it is what could be guaranteed. I understand why JPM are being super conservative here but either the current NAV or the NAV if selling restrictions weren't in place could be considered false to an extent. They should post both.

Was due to be today, now open ended until sanctions on clear pay system lifted, basically when the war ends and the moex won't actually have a reason to dive. Awful the situation in Ukraine but the Russians have handled the financial fallout very well.

I don't believe there is any legal obligation to sell, jpm said no new business in Russia but I take that with a pinch in a few years time like always this will be long forgotten. I think your right there's an assumption the moex will come down to close the gap.

Are you copy and pasting this crap onto every board? The clue is in the name it's a Russia ETF. Having during war time committed to continuing the fund a minimum of five years more they aren't about to sell our assets, leave them in a russian bank account, call the cash nil value and tell us the non russian nav of 42p is taken as a one off expense. I get you are looking to further a position but this is naughty.

Looks more like the beginning of a re-rate than a spike but I guess we will see in coming days

Totally agree but I bet 90% of posters here sell out when this gaps up big monday.

I believe reuters and bloomberg are covering it

Poly due to resume trading in Russia Monday morning, previous close when exchanged at today's rate is 623p, interesting to see 0650 monday where we stand.

I think not

If there were no PE buyout on the horizon expected I would have thought this is probably worth 10%, maybe as much as 20. Given it appears this quells the hope of a buyout im guessing theres some dissapointment but overall I would be surprised if its a down day.

Really unsure how the market reacts there are a range of possibilities, my guess is slightly positive.

That's a bad set of numbers, with covenants near by it feels like at least a trip to 300p on the cards.