10:48Ruzkhimmash to boost revenue more than 1.5x in 2008
Ruzkhimmash (RTS: RUHM) plans to increase its revenue by 60% in FY 2008 due to a considerable rise in its volume of orders. This should have a positive impact on the company's profit, which in turn will boost Ruzkhimmash fundamental value.
10:44FESCO announces the parameters of an additional share issue
FESCO, the Far-Eastern Shipping Company (RTS: FESH) plans to float 20% of its uplifted capital on an open subscription basis. The shares are to be placed at USD 1.08 per share. The offer price is to apply to both existing and new shareholders. The company's existing shareholders will be able to exercise their pre-emptive right to buy out the shares within five working days, starting on July 9. The proceeds are to be fully invested in development. Despite the relatively low placement price, we continue to be upbeat about the company's ambitious strategy to establish itself as a multi-modal transport operator.
10:35RusHydro releases FY 2007 financials under IFRS
RusHydro has published neutral consolidated financials for FY 2007, which are not expected to have a tangible effect on its stock valuations.
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