russia at Stock Research

Yesterday when I read the news-block I thought why I couldn’t discuss the current news in my blog. So I’ve tried to find the most interesting news for investors.
Wienerberger Brick
The European Reconstruction and Development Bank have allocated Austrian Wienerberger 13.3 million euros for building and construction of brick-making plant in the Russian Federation.
 About it is spoken in the message of bank. The European Reconstruction and Development Bank has purchased 18.1 % of stocks of limited liability company “Wienerberger Brick” (Russia) for 2.5 million euros and has granted a loan in 10,8 million euros on payment of debts. The rest of means in construction (which total cost is estimated in 38 million euros) will put Wienerberger AG.
The factory will make nearby 120 million facing bricks per year or 220 million hollow bricks. The given project - a part of the joint program of the European Reconstruction and Development Bank and Wienerberger under investments into manufacture of building materials into the countries where the bank works.
The Austrian group company Wienerberger was based in the Vein in 1819. And now it is the world leader on manufacture of a hollow and facing ceramic bricks. The group company has more than 230 factories in 24 countries of the world.

Sadia
Company Sadia S.A., one of leading manufacturers of meat products and semi-prepared foods in Brazil, has proposed purchase of 50 % of stocks of Perdigao S.A for 1,7 billion dollars. Such data are resulted in the press release of the company published today. Cost of the transaction is estimated in 3.7 billion real (1.7 billion dollars). According to conditions of the offer, Sadia it is ready to pay 27.88 real (12.58 dollars) for each current stock Perdigao. Offered to Sadia price exceeds on 35 % cost of stock Perdigao on results of closing of the share trades in the San Paulo Stock Exchange. Term of the offer expires on October, 24th 2006. As it is marked in press release of Sadia, as a result of merge in the international market of meat products and semi-prepared foods there will be a new leader. Net profit Sadia on results of 2005 has been 656.12 million Brazilian real (307.88 million dollars).

Wimm–Bill–Dann
Shareholders of public corporation “Wimm–Bill–Dann Food stuffs” (WBD) at extraordinary meeting will consider the problem on expulsion of Jamshid Jadegardzham from structure of board. As they say in message WBD, it is offered to shareholders to consider the given question under the recommendation of chairman of board of the company of Toni Mahera. Only those shareholders have the right to take part in assembly, who was registered artificially of July, 2006. The Date of ending of reception of bulletins for voting is September, 1st 2006. Also it is offered to shareholders to approve creation of branches “Wimm–Bill–Dann” in Samara, Tuimazy, Novosibirsk, Rubtsovsk, Krasnoyarsk, Irkutsk.
Ownership capital of WBD is 880 millions of rubles. In circulation there is 44 million ordinary stocks (face value 20 rubles). The principle shareholders of the company as of end of 1st quarter of 2006 are Gabriel Jushvaev - 17,13 %, Sergey Plastinin - 9,30 %, David Jakobashvili - 8,33 %, Michael Dubinin - 5,71 %, in nominal holding of shares at Deutsche Bank Trust Company Americas is 39,99 % of stocks of the company.
Public corporation “Wimm–Bill–Dann Food stuffs” was created in 1992. And now it is engaged in manufacture of juices and dairy products in Russia. Into the company enter 30 industrial enterprises which are being 21 regions of Russian Federation and the CIS. “Wimm–Bill–Dann” owns the portfolio of trade marks covering from above 1 thousand of 100 types of dairy products (”Domic v derevne”, “Milaya Mila”, Neo, Bio-max, etc.) and more than 150 types of juices, nectars and soft drinks under marks “J7″, “100 % Gold”, etc. Net profit of public corporation “Wimm–Bill–Dann” on US GAAP in 2005 has increased for 31.7 % - up to 30.3 million dollars.

GoAir
Indian airline GoAir and planemaker Airbus have signed the agreement on purchase of 10 planes A320, press-service Airbus informs. Moreover the contract gives GoAir an opportunity of purchase in the future ten similar planes. The financial component of the transaction and terms of deliveries of planes are not informed.

Imagine… The Northern capital of the Russian Federation… The city of drawbridges and white nights… And this city has its own stock exchange… And this stock exchange has its own history…
 Yes, to my mind it would be more interesting to learn the history of such little known stock exchange, than different well-known ones. Because the information about international stock exchanges like New-York, London, Tokyo stock exchange, AMEX, etc. you can find anywhere, and about Saint-Petersburg stock exchange not…
 So, the first commodity exchange in Saint-Petersburg appeared in 18 century. A little bit later (in 19 century) appeared the first Saint-Petersburg stock exchange. And in a short space of time took on special significance. It gave fantastic profits to lucky beggars or swingeing damages to losers. It has been revived in our time and makes profits to a great number of people. Who knows, would be these people so rich if they didn’t earn their money in the stock exchange?
 The Saint-Petersburg stock exchange was revived not so long ago (about 15 years ago), that’s why it would be more interesting to investigate its history starting with its foundation…

The history of Saint-Petersburg stock exchange since 18 till 20 century.

 The Saint-Petersburg stock exchange appeared in 1703. Initially it was the meeting of merchants near shopping streets at Troitskaya square. Then since 1713 it was situated at Gostiny Dvor at the same square. By order of Peter I the special building for stock exchange was built opposite of Gostiny Dvor in 1724 (the architect was Trezini). In 1730 the stock exchange was architected to Vasilyevsky Islandto the new building of Gostiny Dvor. Since 1783 at the Spit of Vasilyevsky Island were erecting the special building for stock exchange (the architect was Kwarengi). Unfinished edifice was demolished in1804. In 1805-10 at the Spit of Vasilyevsky Island (Birjevaya square, 4) were constructed new building of stock exchange (the architect was Toma de Tomon). At the same time the quay was rigged. Symbolism of statues, which the stock exchange were decorated, was very interesting. It was the statue of Neptune (the god of seas and oceans) and also the statues of Activity, Hope and Justice. The subsequent sources name a little bit others statues: the statues of Neptune, aged man (symbol of Volga) and woman (the symbol of Neva). On the other side of building were situated woman with the crown and two female figures (rivers) on each side. It was the imagery of navigation. This side of the stock exchange was festooning by the statue of Mercury (the god of trade). And in more subsequent books authors name two statuaries: “Neptune with two rivers” and “Navigation with Mercury and two rivers”.
 Primordially it was just commodity exchange. With the advent of interest-bearing securities in Russia at the Saint-Petersburg stock exchange put into practice stock transactions. Indeed from the beginning securities were one of the commodities. Since 1830 at the stock exchange began to take place operations with securities of private institutions. Since 1860-1870 they were traded actively. In 1900 commodity exchange and stock exchange were divided but continued to work in the same building.
 After Great October Socialist Revolution (1917) stopped to operate all exchanges and they were revived only in 1990. 
 Revival of exchange began on 24th of August of 1990, when was made a decision to found it. It was registered in 1992 and in 1997 the stock exchange was separated from the commodity exchange. According to the regulations of 1992 the Saint-Petersburg stock exchange is juridical person with all its indications (trade mark, its own appellation, State seal, etc.) Since 30 of April of 1992 the exchange “Saint-Petersburg” was registered as closed corporation. And since 18 of March of 1997 it became the nonprofit partnership upon request of Federal Commission on the Securities Market.
(to be continued…)

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