11:02Razguliay to hold SPO at a discount to free market price
The company's price for an SPO of its common shares is short of its current stock valuations, which, in our view, may exert a downward pressure on quotations for its shares in the near term. All the same, we are upbeat about the company's plans to raise finances for expansion of its land reserves and its resource base.
10:57IES plans to gain control over TGK-5
IES failed to come to an agreement with Gazprom on the 5% acquisition of TGK-5, but still plans to gain control over the genco. If this plan is implemented, the company will be obliged to make a buyout offer.
10:55Sollers boosts vehicle production in 1H 2008
Sollers's 1H 2008 operating results are in line with market expectations and the rapid growth of the Russian automobile market. Therefore, the news should not have any significant impact on the company's stock valuations.
Severstal-Auto Common shares:
Price: $41,54
Target price: $101,50 Recommendation:Buy
10:53Uralsvyazinform publishes FY 2007 financials: Positive results but short of expectations
The Uralsvyazinform phone company released positive financials for FY 2007, which, slighly missed our overly optimistic expectations. However, the company confirmed its stable position on the market and continues to grow profit margins. We believe that the company's shares, with an upside potential, represent a lucrative vehicle for investments.
3.888
11.862
