Russian Reliance on Chinese Loans May Blunt Sanctions’ Impact
By ANDREW E. KRAMER JULY 17, 2014 NY Times
MOSCOW — With the latest round of sanctions against Russia, the United States Treasury Department said it had “increased the cost of economic isolation for key Russian firms,” like the state oil company Rosneft and the banking arm of the natural gas giant Gazprom.
The isolation, though, does not extend to the companies’ growing reliance on Chinese lending, a trend in the Russian natural resources industry that will blunt the effect of sanctions aimed at the finances of Russian oil companies.
Energy companies form the backbone of the Russian economy. If oil and gas are taken together, they export more energy than Saudi Arabia, and that money props up the military of President Vladimir V. Putin. Rosneft is the world’s largest publicly traded oil company, pumping about 4.1 million barrels daily.
Given the gigantic outlays for drilling wells and building pipelines in the Siberian wilderness, such companies rely deeply on cheap sources of capital. The Chinese have been willing to oblige.
“We absolutely don’t expect any impact on the operations or finances of Rosneft or Novatek,” another Russian energy company hit with sanctions on Wednesday, said Pavel Kushnir, an oil and gas analyst at Deutsche Bank in Russia.
TheStreet Dead Cat Bounce article intentionally FAILS to mention the much expected 20% revenue increase in CAMT existing businesses...
nor the debut of the new GRYPHON 3-D Printer (and INK supplies) this year which will greatly add to revenues now and in the coming years.
BASHING WHILE PRAISING GROWTH... see the PRAISE pasted below from their article...
The revenue growth came in higher than the industry average of 2.9%. Since the same quarter one year prior, revenues rose by 22.3%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
CAMT has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. To add to this, CAMT has a quick ratio of 2.11, which demonstrates the ability of the company to cover short-term liquidity needs.
Powered by its strong earnings growth of 166.66% and other important driving factors, this stock has surged by 70.21% over the past year, outperforming the rise in the S&P 500 Index during the same period.
CAMTEK LTD reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. Stable earnings per share over the past year indicate the company has sound management over its earnings and share float. However, the consensus estimates suggest that there will be an upward trend in the coming year. During the past fiscal year, CAMTEK LTD's EPS of $0.00 remained unchanged from the prior years' EPS of $0.00. This year, the market expects an increase in earnings to $0.13 from $0.00.
The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization.
Sentiment: Strong Buy
No American companies are barred from doing business.
Repeated revolving loans will bypass the 90 day restriction.
Calling me stupid is reflected back in your own name... shuck_fatzman... which applies to your head.
While the latest moves do not cut off entire sectors of the Russian economy, as threatened in the past, the administration’s actions go significantly further than the financial and travel limits imposed so far on several dozen individuals and their businesses. The new measures will severely restrict access to American debt markets for the targeted companies.
Among the firms targeted were some of the most prominent in Russia, including Rosneft, the state-owned oil company and largest oil producer; Gazprombank, the financial arm of Gazprom, the giant state-controlled natural gas producer; Novatek, another Russian natural gas producer that has been competing with Gazprom; and Vnesheconombank, the state economic development bank.
The new American actions will bar affected Russian companies from the American debt markets for loans over 90 days, meaning that they will still be able to conduct day-in, day-out business with overnight loans but will find it harder to finance medium- and long-term activity, officials said.
They expect at least 20% growth in their pre-existing business... then every 10 new customers buying gryphon = $3+ mill plus add in on top of that increasing ink supply revenues... If 50 new customers then $15 million + ink revenue + pre-existing business growth = $40-50 mill... resulting in about a 50% revenue increase.
The market should jump all over Camt when gryphon sales begin... This is the first commercial 3-d printing application for manufacturing.
Price should soar... maybe with hype even higher than 20's like other 3-d companies have done.
NOT A DEAD CAT BOUNCE.
Market-Maker Manipulation towards the downside is again on the prowl.
However, this alive and debt-free Cat will soon jump much higher again when the official announcement occurs for actual commercial sales of the GRYPHON 3-D Printer and INK.
This will take place in a few months as previously stated in management's last CC.
2015 profit earnings projected at $0.40 per share... up from zero in 2013 and from projected $0.13 in 2014.
2015 PPS will be at least in the $20's... OR MORE.
You are also right... and the very big volume increase indicates much more good news is coming soon.
Already been at $6.43.
Should soon be at $9 - $10 for now... $20's starting in 2015... then will re-evaluate for next higher levels.
Only the short-pants are being dumped big-time... CAMT is moving not only to EAGLE news but the anticipated 3-D GRYPHON news of successful testing and coming commercial autumn production.
... and the increased revenues will start rolling in, too.
In the $20's by the end of the year with Gryphon's potential revenues coming within view.
RE: "tomorrow will be a bad day
For cpst. I garantee it."
---You certainly can butcher correct English spelling... you must be from "Guatemala."
Your ridiculous projection for tomorrow is also a butcher job.
Kindly take a hike back to your "old country."
Seeking Alpha has again done its primary reason of existence... manipulation... especially with CPST.
Recovery is the next order and Seeking Alpha's new work has now begun.
The written word is mightier than the sword.
Sentiment: Strong Buy
why no ceo critique comments here from the short-heads???
i'll tell you why... They're scared of the current truth$ now evolving as told by cpst ceo.
the pps is soon to launch higher again!