The leading telecommunications provider in Russia and the CIS, announces the decisions reached at the meeting of its Board of Directors ("BoD" or "the Board") held on July 31, 2015.
The Board decided to call an Extraordinary General Meeting of shareholders ("the EGM") to be held on September 30, 2015. The Board recommended that the EGM approves semi-annual dividends of RUB 5.61 per ordinary MTS share (RUB 11.22 per ADR), or a total of RUB 11.592 billion (RUB 11,592,580,082.82), based on H1 2015 financial results. The record date for the Company's shareholders and ADR-holders entitled to participate in the EGM has been set for August 14, 2015. The Board recommended that the EGM set the record date for shareholders and ADR-holders entitled to receive dividends for H1 2015 as October 14, 2015.
I'm going to continue to hold, I can ignore a lot of the daily noise and swing on longer time frames. $9.73 looks achievable within a month or two.
I still feel that if oil is not moving close to 50 on Friday oil is heading to mid 40s and MBT will open below 8 on Monday. So tomorrow is make or break for the short term. Or just sell it.
Thanks. MBT price should move with the ruble and US dollar exchange rate, and ruble will move with oil price. Current oil price is not sustainable long term. But near term, oil price may dip further lower. So does MBT price. So, MBT could be a buy or a sell to an investor, all depending he is for long tem gain or for avoiding more short term loss.
Russian CBR just indicated to the market that they would stop their foreign currency purchases, that combined with the oil rebound and doubt over whether interest rates will be lowered this Friday (I think that's the date for next CBR meeting), has ruble rebounding some. Just as they had indicated, ruble is officially in an unofficial corridor between 55 - 60.
Mechel is currently worthless, it's equity is negative. It's the potential that is what is priced into it, but also mixed with huge amounts of doubt, pessimism, fear and disinterest. Coal + Russia + potential BK, can't get more contrarian than that. Hugely speculative of course, could easily go to $0. If the company survives without diluting shareholders or BK'ing, it'll be a gold mine in a couple of years when their new coal facility is running at full capacity. So risk is 100% loss, but reward over a ten year span could be as high as 6000% (depending on met coal prices/ruble and various other external factors).
I'll check into it. At first glance it looks like it's ready for another 1-5 split, otherwise they will get kicked out of New York.
I had some play with NILSY but I don't like their small volume.
MBT is a $20 stock easily, with oil at $90+. With oil at 60 and sanctions removed I'd say we could even see $14. Will be a volatile ride though. I picked up some MTL yesterday, if ruble stays within 55 - 60, that company should be able to drag itself out of the debt hole it's in, and that $1 stock could easily be a $5 stock on a cleaned up balance sheet. Could go to zero also, but with elections around the corner, I don't think Putin has an appetite to throw 70,000 employees out of work and deal with the sentiment hit of having a major company go bankrupt, it would appear too much like "Western sanctions are succeeding in crippling the Russian economy." The debts are primarily owed to State banks too, so there's always that.
Again a great assessment from you. Yesterday I was too close to a margin call so I sold lots of stuff. Today I'm back in MBT and GOZPY, but a little lighter. Now it's so close to 8 that your projection of $8.66 is probably within reach in a short period.
Well, except in cases of extreme obvious turning points, I always try to fall back on fundamentals. "Is this fundamentally under or over valued." That's why I didn't sweat my $8+ entry, because regardless of where the price went after, I knew I was buying 'low'. Right now this could do anything, as it's so controlled by China and/or oil and I can't predict either with any certainty. But from a personal opinion, I think the China market 'crash' is being hyped up in the media, as part of the China bashing msm agenda to make Americans feel better about themselves. Chinese stock market doubled within a span of a few months, and then retraced 75% or so of that move. That is hardly what I'd call a 'market crash' but I suppose fear mongers like a good narrative to sell to the public. As to oil, I can't imagine it will go much lower than where it is today, and there's more chance of it going up than down. With ruble close to 60 and the CBR publicly stating an 'unofficial' corridor of 55 - 60, this could be poised for a recovery.
That was a perfect example of panic selling. What do you think? Reversed trend or just overbought? I picked up some OGZPY again.
MBT is sitting just a little above the lowest it has ever been. Demand for oil will increase soon. I think it could be back up to 60-70 by end of this year or sooner. If oil price goes up the rouble will improve too. Today's drop is more likely because of the China crash.
If oil continues to plummet it may remain plummeted for a very long time, 5 - 10 years even in worst case. On the plus side, this is a super defensive sector to be in, and this is the largest Telecom in Russia/CIS. Ruble depreciation will hammer it on the ADR side, but oil won't stay low forever, and this company isn't going to go bk any time soon, so long as people need phones and internet to communicate.
Ruble crashing pretty hard, Micex down. On the plus side, lots of media coming out with "Russian market in a tailspin" stories. When they begin those stories, it's usually time to buy. Of course that doesn't help me who is already all-bought. Being in the Russian market means being in the red periodically, unless you're a bottom picking expert. As I've always said though, you can buy these undervalued profitable solid companies for dirt cheap right now, and on top of that you have the benefit of some nice volatility to trade upon to average down through conservative trades.