10:17Trade in Federal Grid Company shares gets underway
On July 16, trade in Federal Grid Company of UES (Russian acronym, FSK) shares is to kick off on RTS and MICEX at a starting price of 50 kopeks per share. We expect volatile trade in the shares until September 2008.
10:11OGK-4: positive FY 2007 results
OGK-4 released its FY 2007 results audited to IFRS. The positive results, however, should have an insignificant impact on the company's stock valuations.
10:08Magnit posts strong 6M 2008 results
We are positive on a 51.4% upturn in the retail chain's revenue in 6M 2008 and believe that the high rate of new store openings and an increase in Magnit's business efficiency lends support to the 1H 08 margins.
00:22Seventh Continent: expected 1H 2008 financials
We are upbeat about Seventh Continent's preliminary 1H 2008 financials. However, they are unlikely to have a tangible effect on the company's stock valuations in the mid-term. In our view, the stronger pace of new store openings in 2008 could be better reflected in the company's 1H 2008 financials audited to IFRS.
11.8
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