Rusal 0486

Re: Rusal 0486

Postby winston » Thu Apr 12, 2018 3:28 pm

not vested

Feb 23, 2018

<Research Report>RUSAL (00486.HK) 2017 Net Profit Up 3.65% YoY

RUSAL (00486.HK) announced the results for the year ended 2017.

Net profit rose 3.65% yearly to USD1.222 billion.

Basic EPS was US8 cents.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Rusal 0486

Postby winston » Tue Apr 17, 2018 8:15 am

not vested

Rusal’s Hong Kong listed stock sinks as US plans to slap fresh round of sanctions on Russia

Shares of Russian company, which produces about 7 per cent of the world’s aluminium, has lost 70 per cent of its value in last 10 trading sessions

Aluminium prices posted its biggest weekly gain on the London Metal Exchange, rising 12 per cent last week on expectations that global supply will tighten.

The measures include freezing all assets of the designated individuals and entities that are subject to US jurisdiction and prohibiting Americans from doing business with them.

Deripaska owns majority stakes in both Rusal and En+ Group, a power plant operator. En+ Group’s London-listed GDR has also tumbled 50 per cent in the past 10 sessions, trading at US$6 at the end of last week.

The rouble also weakened to its lowest level against the US dollar in nearly two years.


Source: SCMP

http://www.scmp.com/business/companies/ ... resh-round
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Rusal 0486

Postby winston » Wed Apr 18, 2018 4:03 pm

vested

Sep 11, 2017

<Research Report>G Sachs Lifts RUSAL (00486.HK) Target to $6.5; Kept Buy

Goldman Sachs, in its report, said investors underestimated RUSAL (00486.HK)'s growth factors, such as the exposure to an attractive aluminium market, product quality and rising share of value-added products, etc.

The broker maintained the rating Buy on RUSAL with target price raised from $6 to $6.5.

The broker also expected RUSAL's free cash flow next year to rise 40%.

Deleveraging will be the company's near-term momentum.

Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Rusal 0486

Postby winston » Wed Apr 18, 2018 5:59 pm

vested

On 10 April 2018, The London Metal Exchange (“LME”) issued a notice to explain the decision, following last week’s US sanctions affecting the Company (the “Notice”).

According to the Notice, effective from April 17, 2018, primary aluminum ingots from any of the Company’s brands will not be allowed to be placed on warrant (delivered to LME-approved warehouses) unless the metal owner can demonstrate to the satisfaction of the LME that it will not constitute a breach of the US sanctions.
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Rusal 0486

Postby winston » Wed Apr 18, 2018 6:07 pm

vested

April 15, 2018

Rusal leaves London Metal Exchange with a dilemma

The world’s largest metals exchange has said it won’t accept any more aluminium produced by Rusal after April 17 unless the owners can prove it does not violate the latest set of sanctions.

That has spurred a rush to withdraw non-Russian metal from the LME’s warehouses. About a third of the aluminium in LME-registered warehouses around the world is now set to be released on to the market, according to data from the exchange.

If all non-Russian metal leaves the LME, the danger for the 140-year-old exchange is that it could end up full of metal that no one wants. That would raise awkward questions about the status of the LME’s aluminium contract as a benchmark for global prices.

The LME is a physical metals exchange, which means traders can settle transactions with delivery of aluminium to buyers. But after April 17 the LME’s customers are likely to be increasingly wary of doing that for fear of ending up with Rusal metal.

Source: Financial Times

https://www.ft.com/content/92d04d28-3e4 ... 972418fec4
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Rusal 0486

Postby winston » Wed Apr 18, 2018 6:25 pm

vested

Actions Taken on Russian Firms by Market Institutions After New U.S. Sanctions

April 13, 2018

BY CLAIRE MILHENCH

LONDON (Reuters) - Banks, index providers and dealing platforms are trying to distance themselves from a group of Russian companies targeted by the latest U.S Treasury Department sanctions.

The measures give U.S. investors until May 7 to divest any stocks, bonds or other holdings in targeted firms while also barring them from business dealings with the sanctioned companies and individuals after that date.

The sanctions affect seven oligarchs and 12 companies they own or control including En+, GAZ, and aluminum producer Rusal.



Source: Reuters

https://www.usnews.com/news/world/artic ... -sanctions
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Rusal 0486

Postby winston » Thu Apr 19, 2018 10:50 am

vested

April 16, 2018

Japan traders ask Rusal to stop shipping aluminum after U.S. sanctions

by Yuka Obayashi

TOKYO (Reuters) - Major Japanese trading houses have asked Russia’s United Company Rusal to stop shipping refined aluminum and other products in light of U.S. sanctions on the world’s No.2 producer and are scrambling to secure metal elsewhere, industry sources said.

The United States imposed major sanctions on April 6 against seven Russian oligarchs and 12 companies they own or control, saying they were profiting from a Russian state engaged in “malign activities” around the world. This included Oleg Deripaska, his Hong Kong-listed company Rusal and his new holding company En+ Group.

This has left many Japanese buyers with concerns about tightening availability, nearly doubling domestic spot premiums for aluminum and lifting global prices by a fifth.

“We have requested Rusal stop shipments of aluminum for our term contracts as we can’t make payment in U.S. dollars and we don’t want to take the risk of becoming a secondary sanction target by the United States,” said a source at a trading house, who declined to be named due to the sensitivity of the issue.

Another source with direct knowledge of the matter also said major Japanese trading houses have asked Rusal to stop shipments for the same reason.

Rusal in Moscow declined to comment on the matter.

Rusal’s Japanese clients include trading house such as Mitsubishi Corp, Marubeni Corp, Sumitomo Corp and Mitsui & Co.

Mitsubishi, Marubeni and Mitsui declined to comment, saying they do not talk about specific commercial deals.

“We are holding internal discussions on what actions are needed to take,” a Sumitomo spokesman said. The trading house is also talking with customers about alternative supplies, he said.

Other Japanese buyers, including fabricators, are also still considering how best to deal with the sanctions on Rusal.

London Metal Exchange aluminum topped $2,400 a ton on Monday for the first time in more than six years and is holding near there on Tuesday. The contract has gained about 20 percent this month.

Japan buys about 300,000 tonnes of refined aluminum from Russia, about 16 percent of the nation’s total import, according to the Japan Aluminium Association.

“Rusal asked us to halt payments soon after the U.S. sanctions were announced as they can’t access U.S. dollar accounts,” a source at a Japanese fabricator said.

The Russian smelter is still trying to find a way to continue business with customers in Japan by finding an alternative means of settlement, said the source.

This is expected to be difficult as most of its Japanese customers use local banks, which are wary of any business involving companies on a U.S. sanctions list, the source said.

“Everyone has been on a search for substitutes and that pushed local spot premiums to around $200-$250 per ton by last Friday,” he said.

That’s sharply higher than Japan term premiums for April-June quarter shipments at $129 per ton.

“The sanction came as a total surprise and we are in an almost panic situation,” a source at a second trading company said.

Others, however, said Japanese buyers would be able to find replacements for refined metal from Australia, the Middle East, Malaysia and India, although securing alternatives for specialized value-added products would be harder.

Rusal customer Glencore and Rusal partner Rio Tinto declared a partial force majeure last week, saying that due to circumstances beyond their control, they would not be able to fulfill some contracted deliveries to customers.

Source: Reuters

https://www.reuters.com/article/us-alum ... SKBN1HO0XB
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Rusal 0486

Postby winston » Thu Apr 19, 2018 1:51 pm

vested

April 13, 2018

US sanctions are killing this oligarch's business

by Charles Riley

Under the sanctions, Americans are prohibited from doing business with the companies, and people of other nationalities could face sanctions themselves, if they facilitate transactions for the firms.

The sanctions will make it exceedingly difficult for Rusal to do business in dollars.


Source: CNN

http://money.cnn.com/2018/04/13/investi ... index.html
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Rusal 0486

Postby winston » Thu Apr 19, 2018 9:50 pm

not vested

Rusal Discusses Deals in China to Ease Sanctions Crunch

Rusal meeting Chinese to address possibility of aluminum trade
Chinese officials are cautious amid U.S. sanctions, people say

The company is likely to target sales in alternative markets across the Middle East, Turkey and China to make up for lost exports to western markets, Morgan Stanley analyst Susan Bates said in an email

Source: Bloomberg

https://www.bloomberg.com/news/articles ... ons-crunch
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Rusal 0486

Postby winston » Fri Apr 20, 2018 11:28 am

vested

Kremlin says nationalizing sanction-hit Rusal is an option

MOSCOW (AP) — The Kremlin says a temporary nationalization of aluminum producer Rusal is being discussed after the company was hit by United States sanctions.

President Vladimir Putin's spokesman Dmitry Peskov says nationalization is "one of the viewpoints which is being actively discussed" as the government mulls how to support Rusal.

Peskov adds that "it is important here to understand the opinion of the company's shareholders, the company's owners and the government," and that no decision has yet been reached.

Earlier this month, the U.S. hit Rusal and its major shareholder, tycoon Oleg Deripaska, with sanctions that have blocked the company from using many international financial institutions and caused it to lose customers. Its share price has also fallen sharply.

Source: AP
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

PreviousNext

Return to L to R

Who is online

Users browsing this forum: No registered users and 5 guests