11:29Uralsvyazinform’s 1Q 2008 financials: neutral results and expected recession
We are neutral on Uralsvyazinform’s financial results: the company showed weak, but expected revenue growth, and slight margin downturn. The report contains both positive news, like the development of non-regulated communication services, and negative news, like stagnation in the growth of the fixed-line subscriber base. However, none of them surprised the investors.
Uralsvyazinform Common shares:
Price: $0,011 Preferred shares:
Price: $0,0066
11:22State share package in UAZ put on asset privatization list for 2008
A state share in the UAZ automotive company, put on a list of assets for privatization in 2008, will most likely be taken over by Severstal-Auto, a UAZ majority shareholder, which would then be required to make a buyout offer to UAZ minority shareholders at the purchase price. This could emerge as an upside driver for UAZ stock should a premium be paid for control of the company.
UAZ Common shares:
Price: $0,045 Preferred shares:
Price: $0,030
11:20Kamaz not to pay out dividends for FY 2007
Kamaz BoD's decision not to pay dividends for FY 2007 was expected and is not likely to produce any impact on their stock valuations. A net profit allocation to the company's development amid the rapid growth of truck sales and an increase of competition on the market would generate more value for shareholders than a dividend pay-out.
11:18Putin plans to change tax system in oil industry
Vladimir Putin's announcement of changes in the oil industry tax regulations has provoked growth in oil companies' stock valuations. These changes are to produce the largest positive impact on Rosneft, Gazprom Neft, and Lukoil's business activities due to future growth of cash flows.
Surgutneftegaz Common shares:
Price: $0,52 Preferred shares:
Price: $0,17
11:08Uralkali releases 1Q 2008 financials
We are moderately upbeat about the 1Q 2008 financials published by Uralkali. The statement says revenue rose 71.4% and net profit jumped by 3.36x on higher sales volumes and price hikes on world markets. In the meantime, the main growth in the company’s financials is expected in 2H 2008, as soon as its long-term contracts with India and China and its newly reached spot deals begin to bear fruit. Starting in July, Brazilian and Southeast Asian buyers are to begin to purchase potassium chloride at USD 1,000 per ton.
Uralkali Common shares:
Price: $0,80 Preferred shares:
11:05Uralchem to fully buy out subsidiaries' shares
Uralchem's forced buyout price for shareholders of Berezniki-based Azot and Kirov-Chepets plant is likely to be on a par with the prices offered under the earlier voluntary buyout offers which, in turn, were in line with the companies' current stock valuations. We recommend abstaining from investment in both companies' shares, as the stocks are soon to disappear from the market and their upside potential is unlikely to be realized.
11:02TGK-1 releases moderately positive reports for 1Q 2008
The TGK-1 genco released generally positive operating and financial results for 3M 2008. At the same time, growth in the company's operating expenses outpaced that in its revenue due to external factors, which ate into operating margins. The report, however, may have only limited impact on the company's stock valuations amid current conditions on the electricity market.
0.234
30.89
