11:02Russian government plans to limit coking coal export
The Russian government, concerned over the growth of steel prices, plans to reduce prices for coking coal by boosting coke supplies to the internal market. This news carries a moderately negative impact for shares of coal companies involved in export.
Raspadskaya Common shares:
Price: $1,00
Target price: $3,72 Recommendation:Buy
10:49Rostelecom releases FY 2007 financials under IFRS: practically no growth, soft profit margins, dim prospects
The FY 2007 IFRS financials disclosed by Rostelecom slightly missed expectations. However, they are unlikely to have a tangible impact on the company's stock valuations. The financial results reported have nothing in common with the opeartor's fundamental value. We are generally downbeat on the company's prospects. The company will likely see its market share shrink, while stiff competition on the market could lead to a decrease in the price of its services and, therefore, to declining revenue.
Rostelecom Common shares:
Price: $6,55 Preferred shares:
Price: $0,54
10:39Acron discloses financial results for 1Q 2008 under IFRS
The 1Q 2008 IFRS financials disclosed by Acron reveal its sound financial performance in the period, amid favorable price trends on the mineral fertilizer market. The released financials may help the company successfully hold an IPO in the near future.
10:37Top-manager leaves OGK-3
The move of a top-manager from OGK-3 to E.ON Russia Power is indicative of internal corporate difficulties in OGK-3. It contributes, however, to the strategy of E.ON Russia Power, which owns OGK-4.
0.234
30.89
