|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||22.57 - 22.72|
|52 Week Range||15.74 - 22.89|
|Beta (3Y Monthly)||0.86|
|PE Ratio (TTM)||11.62|
|Forward Dividend & Yield||2.46 (11.80%)|
|1y Target Est||23.70|
The founder of Russian lender TCS Group sold $150 million of its global depository receipts (GDRs) on Thursday, the second time this week that a Russian billionaire has cashed in on an investment amid favourable market conditions. Russian businessmen Roman Abramovich and Oleg Tinkov offloaded some of their respective stakes in their companies through accelerated bookbuilding deals (ABB), which investment bankers said demonstrates continued global interest in certain Russian assets despite sanctions and a challenging business environment in the country. The shares represent a 1.7 stake in the company and were mostly bought by British-based investors.
MMC Norilsk Nickel (Nornickel), the world's largest refined nickel and palladium producer, confirms that it will continue with the litigation over the Nkomati and Tati facilities in Botswana to recover around US$277 million debt by BCL, a state-owned enterprise, which had failed to make a payment under the share purchase agreement and was subsequently forced by the Botswanan Government into liquidation. Following the recent Botswanan court's judgement that effectively attempts to preclude Nornickel from defending its rights in the London Court of International Arbitration, the contractually agreed forum in which disputes are to be resolved, Nornickel maintains that it will not abandon its legal action against the Botswanan Government and will use every avenue available to recover the debt.
In the widely anticipated Helsinki summit between President Donald Trump and Russian President Vladimir Putin, Trump was uncharacteristically deferential. Naturally, this behavior sparked a political firestorm, leading to the conclusion that the only winner here is Russia. Fox Business host Neil Cavuto blasted Trump’s congenial attitude towards Putin as “disgusting.” Referring to Russia’s disinformation campaign during the 2016 election, Cavuto stated that Trump “is essentially letting the guy get away with this and not even offering a mild criticism.