11:18Novoship releases 6M 2008 consolidated IFRS financials
In 6M 2008, Novoship showed an upturn in its key financial indicators thanks to a favorable industry environment. We are generally positive above the company's financial results; however, the limited free-float of common shares and the low dividends on preferred shares could remain powerful deterrents for the growth of the company's market cap.
Novoship Common shares:
Price: $2,40 Preferred shares:
Price: $0,48
11:01Magnit posts 7M 2008 operating results: in line with expectations
We are neutral on Magnit's 7M 2009 operating results and believe they will not produce any significant impact on the company's stock valuations. As for today, the most significant events for the retail chain will be the publication of the company's 1H 2008 financial report and possible decisions as regards the industry's regulation by the state.