Rusal 0486

Re: Rusal 0486

Postby winston » Mon Jan 28, 2019 10:50 am

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RUSAL (00486.HK): Glencore Transfers 8.75% Stakes to En+

RUSAL (00486.HK) announced that on 28 January 2019, En+ announced that it had entered into a securities exchange agreement and certain other related agreements with certain subsidiaries of Glencore plc, pursuant to which Glencore shall transfer the 8.75% of the company's shares to En+, in consideration for En+ issuing new GDRs to Glencore, representing approximately 10.55% of the enlarged share capital of En+.

Glencore has agreed to transfer its shares in the company to En+ in two stages.

Source: AAStocks Financial News
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Re: Rusal 0486

Postby winston » Mon Jan 28, 2019 10:51 am

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RUSAL (00486.HK) Removed from US SDN List

RUSAL (00486.HK) announced that OFAC announced removal of the company and its largest shareholder, En+ Group Plc, from its List of Specially Designated Nationals and Blocked Persons with immediate effect on 27 January 2019 at approximately 4:15pm Eastern US Standard Time.

In relation to earlier disclosures that some of the infrastructure operators supporting the fungibility and trading in the company's securities had either stopped or suspended their functions resulting, in certain circumstances, in an inability of investors to duly administer their assets, the company expects that clearing and settlement procedures will now return to their normalized condition.

Source: AAStocks Financial News
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Re: Rusal 0486

Postby winston » Wed Jan 30, 2019 7:56 am

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U.S. Democrats still push Trump on Rusal sanctions deal

“We are considering additional legislative actions to ensure that (the U.S.) Treasury and these companies, comply with the agreement in letter and in spirit,” the four Democratic chairs of the House Ways and Means, Foreign Affairs, Intelligence and Financial Services committees said in a joint statement.

The Democratic lawmakers complained that the sanctions were lifted before a congressional review could be completed.


Source: Reuters

https://af.reuters.com/article/worldNews/idAFKCN1PN2VG
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Re: Rusal 0486

Postby winston » Fri Feb 08, 2019 12:04 pm

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<Research Report>BofAML Resumes RUSAL (00486.HK) to Buy with TP $5.5

Bank of America Merrill Lynch predicted substantial price upside potential for RUSAL (00486.HK) following the removal of US sanctions on the company.

It is time to focus on RUSAL's fundamentals, including low aluminium production cost, capital discipline, a 23% FCF over 2019-20E, and potential improvement in corporate governance.

Falling Chinese aluminium output will likely support prices and unleash pent-up demand, favoring a rally for RUSAL's price, in the broker's view.

Overall, the broker resumed a Buy rating on RUSAL at a $5.5 price objective.

Source: aastocks.com
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Re: Rusal 0486

Postby winston » Mon Feb 11, 2019 7:40 am

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Rusal annual aluminum sales slide by 7.2pc

Aluminum sales in for 2018 fell by 7.2 percent from the year before to 3,671 tons, Rusal reported today in a trading update.

Sales of value-added products amounted to 1,664 tons, also down by 11 percent on-year.

Value-added products include alloyed ingots, slabs, billets, wire rod, wheels, high and special purity aluminum.

The share of value-added product sales in total sales now stands at 45 percent, Rusal said.

In the fourth quarter, aluminum sales decreased by 16.2 quarter-on-quarter to 877,000 tons, while sales of value added products dropped to 333,000 tons, down by 32.4 percent, Rusal, said.

Source: The Standard

http://www.thestandard.com.hk/breaking- ... 0208&sid=2
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Re: Rusal 0486

Postby winston » Tue Feb 12, 2019 7:27 am

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Why these two Russian metal stocks are forging their way back into Hong Kong investors’ hearts

“Rusal trades on very depressed multiples – 3.4 times this year’s estimated earnings and 2.8 times the enterprise value multiple over earnings before interest, taxes, depreciation and amortisation post sanctions.

A deep discount on both global and even Russian peers,” Bank of America Merrill Lynch analysts said in a note last week.

The analysts suggested a target price of HK$5.5, which they said represents a 30 per cent discount on its global peers, and reflects its “complicated shareholder history and structure”.

Meanwhile, analysts at brokerages Citi, BCS and Renaissance Capital and independent research provider AlphaValue, have given target prices that range from, HK$4.18 to HK$4.6 for Rusal, which closed at HK$4.64 a day before it was hit by the US sanctions in April 2018.


Source: SCMP

https://www.scmp.com/business/article/2 ... -hong-kong
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Re: Rusal 0486

Postby winston » Thu Mar 07, 2019 2:18 pm

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07 Mar 2019

<Result Ann>RUSAL (00486.HK) FY18 NP Rises 39% to US$1.7B

RUSAL (00486.HK) announced in FY18 results that net profit amounted to US$1.698 billion, up 38.95% yearly.

Adjusted EBITDA grew 2% yearly to US$2.163 billion.

Source: AAStocks Financial News
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Re: Rusal 0486

Postby winston » Thu Mar 07, 2019 3:08 pm

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Rusal posts $17 million fourth-quarter net loss, sees demand recovery

Rusal’s adjusted net loss for the quarter of $17 million, compared with a $338 million profit in the previous quarter and a $350 million profit in the final quarter of 2017.

In its fourth quarter results, the company said recurring net profit fell 83.8 percent from the previous three months, but rose 7.8 pecent year-on-year.

Recurring net profit is defined as adjusted net profit plus the company’s net effective share in results of Russian mining giant Norilsk Nickel.

Prices for aluminum were at $1,968 per tonne on the London Metal Exchange (LME) in the fourth quarter, down 6.3 percent year-on-year, Rusal said in its statement.

Rusal said aluminum production was 943,000 tonnes in the fourth quarter, down 0.2 percent year-on-year, while primary aluminum and alloys sales fell 12.3 percent year-on-year to 877,000 tonnes.

Rusal said its fourth-quarter adjusted earnings before interest, tax, depreciation and amortization (EBITDA) fell 38.1 percent from the year ago period to $363 million, while revenue was down 13.8 percent year on year to $2.37 billion.

Rusal’s net debt stood at $7.44 billion at the end of December 2018 compared with $7.65 billion at the end of 2017.


Source: Reuters

https://www.reuters.com/article/us-rusa ... SKCN1QO01L
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Re: Rusal 0486

Postby winston » Sat Mar 16, 2019 10:30 am

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Russian metals tycoon Deripaska sues U.S. over sanctions

by Susan Heavey, Nathan Layne

Source: Reuters

https://www.reuters.com/article/us-usa- ... ess%201700
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Re: Rusal 0486

Postby winston » Tue May 14, 2019 10:24 am

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RUSAL (00486.HK) 1Q19 Recurring Net Profit Down 43% to US$300M

RUSAL (00486.HK) announced in the first quarter results that adjusted EBITDA receded 60.5% yearly to US$226 million.

During the period, recurring net profit amounted to US$300 million, down 43.5% yearly.

Source: AAStocks Financial News
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