terms of the deal will show if its more of a loan or sale. could be sberbank only needed 700 mil and agreed to restructure remaining, hence the 700 mil price tag with buyback clause.Its the only way Gazprom bank was allowed to lend Mechel more money.
They took the loss to off-set other gains and doubled their exposure by leveraging 3-1 ratio by buying calls
Yes , news is 2 weeks old , but they had offers for 3.9 bil. and said they were not sure if they would get the sale done in time.So looks like its finding a bottom today. if share sale continues then we drift along these levels, If bank sale gets done NBG goes to 2.00
Sanction will expire in Jan 2016 and he will drive up the price of oil by disrupting supply chain in Middle East. look for Geo-political event to give a big spike soon.
YNDX is hitting Google where it hurts, EU commission will be next to put a roadblock in Google world domination. All countries are starting to realize that a Google only world is dangerous, and Yandex is its most formidable competition in Europe.
I just posted current info #$%$ per MSN-money. You didn't list where you got the info from?
Pictet Asset Management Ltd. 4,644,024(0.00%) 1.67
Pictet Asset Management SA 4,642,424(-0.03%) 1.37
Columbia Mangmt Investment Advisers, LLC 306,500(0.00%) 0.10
Renaissance Technologies Corp 219,800(+4.62%) 0.08
Citadel Advisors Llc 96,032(+1.13%) 0.03
Kazazian Asset Mangement 95,395(0.00%) 0.03
Jefferies & Company, Inc. 48,781(0.00%) 0.02
TWO SIGMA SECURITIES, LLC 16,388(-1.21%) 0.01
UBS Securities LLC 12,760(+83.33%) 0.00
Van Eck Associates Corporation 3,889,785(+2.94%) 0.93
Merrill Lynch & Co Inc 1,917,840(+39.50%) 0.46
Parametric Portfolio Associates LLC 1,536,258(+15.88%) 0.37
California Public Employees Retrmnt Sys 1,429,700(-9.96%) 0.34
Dimensional Fund Advisors, Inc. 1,247,106(-8.98%) 0.30
Vanguard Group, Inc. 1,013,439(+46.15%) 0.24
Weiss Asset Management LP 1,000,000(0.00%) 0.24
State Street Corp 950,368(-3.57%) 0.23
BlackRock Fund Advisors 655,442(-0.87%) 0.16
Goldman, Sachs & Co. 586,091(+51.56%) 0.14
Public Employees Retirement System Of Ohio 262,200(+0.15%) 0.06
BNP Paribas Arbitrage, SA 245,058(+26.70%) 0.06
Latest filling shows a increased position by Meryl Lynch, UBS in common and preferred and Goldman Sachs starts new position in MTL.
GE just landed a 2.5bil contract for locomotives, millions of miles of rails will need to be replaced, looks like a great opportunity for Mechel to sell some certified rail track. Mechel had announced sales offices being set-up in India a while back, Opportunity knocks.
Look for more near term jumps as stock is under owned by funds. FB results are making managers look at internet sectors next winner. Its YNDX
YNDX battling GOOG in Europe on anti-competition laws, making strides like they did in Russia. The world is understanding that a Google / FB monopoly is bad for the people, Competition is what drives innovation,and free markets. YNDX will be clear winner.