Member Info for Teeb

Big jump on reopening of MOEX in Moscow - many of the big companies in this IT can now trade again, but cannot be shorted - so prices can only go one way at present - up!

Looking forward to seeing what today's NAV is - hopefully NAV will be accurately recalculated in tomorrow's RNS.

LTH here, bought some time ago as a stable dividend payer, and happy to have a sizeable holding here which I've been increasing through the dips. I believe this is a solid buy and hold stock because this company is still relatively cheap and has a decent economic moat for three reasons:
- demand for Paypoint services should be steady or increasing through all economic conditions
- the Paypoint network has increased in size through acquisition (higher revenue)
- it would be difficult and expensive for a competitor to create a competing payment network

Presumably it's because more than half JRS holdings are listed in Kazakhstan - which is independent and has no involvement in Russia's invasion of Ukraine. Of course these companies SPs have been badly affected, but should recover strongly on a ceasefire.

The 1/3 which are Russian stocks & ADRs etc cannot be sold at present, which is why a low/conservative valuation has been applied to all holdings.

It's all in the Company Update on 8th March.

Buy:Sell ratio is nearly 100:1, huge 30k and 40k "Unknown" trades in last few hours at Buy price. Looking good, hopefully the peace talks bear fruit soon, and there can be a lasting ceasefire. Then this can only go one way - up ;-)

Hi offmessage,

I would argue that JRS - an investment trust - is much lower risk than betting on individual stocks with RU connections - considering what happened to Evraz.
Majority of JRS stocks are listed in Kazakhstan - SPs hit badly although Kazakhstan is independent and has no connection with Russian invasion of Ukraine. JRS is 1/3 Russian stocks including ADRs etc, no valuation possible at present hence conservative/ low valuation applied. Rest is money market funds held in US. No reason for suspension or delisting, as no sanctioned persons or companies investing here. Info taken from JRS company update on 8th March.

Looking good for Poly today! Just noticed a huge number of buys going through on * JRS investment trust - 50:1 ratio buys to sells. Share price hasn't moved much but it's just a matter of time - 92p now, over 700p last month.

Worth having a look at these before they take off!

* JPMORGAN RUSSIAN SECURITIES

A few have asked about dividends and payment dates over last few days, so I thought a summary of dividend info would be useful. The quote below shows the Interim Dividend declaration, taken from Evraz Annual Financial Report (25th Feb):

"Interim dividend

In consideration of EVRAZ strong performance in 2021, EVRAZ Board of Directors has announced an interim dividend. On 24 February 2022, the Board of Directors voted to disburse a total of US$729 million, or US$0.50 per share. The record date is 11 March 2022 * and payment date is 30 March 2022.

The interim dividend will be paid in US Dollars, unless a shareholder elects to receive dividends in UK pounds sterling or Euros. The last date for submitting a Currency Election will be 14 March 2022. All conversions will take place on or around 16 March 2022."

https://www.londonstockexchange.com/news-article/EVR/annual-financial-report/15342838

Explanation:

*Dividend amount - $0.5 USD per share.
* Declaration Date is the date dividend was announced - 2th February
*Record Date means company pays dividend to shareholders on the share register at this date - Friday 11th March.
* Ex-dividend date is the day before - Thursday 10th March.
* To get the dividend, latest possibility to buy Evraz is one day prior to Ex-dividend date - Wed 9th March.
* Dividends will be paid on Wed 30th March.

Look out for a message from your Broker asking whether you wish to elect a currency for dividend payment - Euros or Pounds. If no election is made, dividend will be paid in USD (and converted to GBP by your broker, possibly with extra currency conversion charges).

HTH

Just spiked up to 92p - following SP on TradingView 1 minute charts.

I hope the Ukrainian staff got out safely.

The Ukraine war should be good for other non-UKR / RU exposed assets.

LTH here - I just sold for a 60% loss. Suspension of trading and postponement of results increased the uncertainty on this stock for me. I will return here when results are published and consider re-investing when UKR opens up for business again. GLA

LTH here - 95% down. Too late to sell now, will just hold on.
Bigger investments/losses in other RU / UKR exposed investments meant I couldn't pay this one any attention until now.

Exit strategy - assuming this stays trading (likely) and assets are not seized by Russian state (unsure of risk likelihood), eventually this will turn round, and rising gold prices should ensure this rebounds strongly.

I'm considering waiting for a bottom, buying enough to 10x my number of shares, then waiting for a recovery to 15p (from 1.5p currently) - this would be a 5 bagger for me.

I'm also considering adding to PUR / GGP / CEY / FRES.

Any thoughts from other LTH - risk/reward? Any better suggestions in gold/silver stocks?

Bought at 2.59, Carpe Diem..... GLA

That seems to be correct - Blackrock ownership up from 5% to 10%, threshold was reached last Friday ( 25th Feb).
Makes perfect sense for Blackrock to take a punt on this. Why?

Polymetal Results are due tomorrow, estimated revenue has DOUBLED year-on-year
61.89Bn (March 21) to 120.781Bn (March 22 estimate).

If the results are anything close to this, there COULD be a big jump tomorrow.

Weighed against this are the other risks - delisting (unlikely IMHO), Polymetal links with Russian banks/government, reputation (probably priced in already), long term holders capitulating due to FUD.

Make your own decision on this based on your risk profile, and don't invest anything in this that you're not prepared to lose.

I'm with Interactive Investor, received the corporate action notice today, I have until 23:59 on 8th November to respond. New shares will be credited on 15th November.

Lamp seems to have bottomed 28 Sept (at 30p), now up over 10% in 2 weeks. Head & Shoulders bottom flagged on 11th Oct, short-term target 41 - 42.5p by end of November. With a lot of attention currently being paid to energy stocks, seems a good time to buy Lamprell.

I topped up today on the belief that Gold & Silver are rebounding , added 7500 at 51.17p - seemed rude not to at 8.5% discount to NAV! Strangely my buy is showing as a sell - tradingview charts suggest many smaller buys going through since 22nd. I wonder what the true Buy:Sell ratio is for the last few days?