Luis

Hallo liebe Russland Investoren,

die Rückkaufsumme ist zu niedrig und,
minus der Russischen Quellensteuer mit 15%, schmälert den Erlös.

Und mit welcher Begründung sollen wir eigentlich verkaufen?

Wer Geld hat, und auch keines braucht,
möchte diese Papiere im Depot eingebucht belassen.

Wer hier dieses Papier verkauft,
gehört zur Verlierer Seite,
denn der eigentlicher Gewinner heißt hier: "Russischer Staat".

Mein Guter Rat:
vernichtet das Rückkaufsangebot ersatzlos,
ab durch den Schredder mit dieser miesen Angebotspappe.

MfG euer Luis
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Ich habe nur Originale, ADR ist ein Betrug am Anleger!

Patom

Ich lasse sie umtauschen (war auch mein Buchgefühl). Danke für eure Meinungen.

@Kusoke: Ja, es ging um ADRs

Hasi

Uralsvyazinform posted 1H 10 RAS revenues of RUB 21.3bn, up 6% y-o-y, OIBDA of RUB 9.5bn for a 44.5% margin vs
38.1% in 1H 09, and net profit of RUB 4.0bn, up 107% y-o-y

eine dicke Dividende liegt noch drin

Köpenicker

Uralsvyazinform has announced plans to spend $22.9m buying out shares from minority holders, who refused to merge with Rostelecom, news agency RIA Novosti reports.

The minority shareholders reportedly hold 2.4% in the North-Western Telecom.

The deal is scheduled to be finalized by September 8, 2010.

Hasi

VolgaTelecom and Uralsvyazinform announced their share buyback results yesterday. Most investors
held onto their shares and clearly prefer to wait and swap into the combined Rostelecom. We
recommend buying the regional operators’ stocks that offer the highest upsides to the swap.
VTEL RX: BUY | Fair Value: USD 8.52 | Current Price: USD 3.08 | Upside/Downside: 177%
URSI RX: BUY | Fair Value: USD 0.0753 | Current Price: USD 0.0317 | Upside/Downside: 138%
VolgaTelecom and Uralsvyazinform announced the results of their share buyback offer yesterday. Around 20% of
VolgaTelecom’s shareholders and just 6% of Uralsvyazinform’s holders who had the right to have their shares bought out,
i.e. those who didn’t vote for the reorganization of Svyazinvest, actually did so.
The proportion of shares tendered didn’t exceed the maximum proportion of the buyback – 10% of Net Asset Value,
meaning that shareholders who tendered their shares during the buyback will receive the whole amount. The cash will be
transferred to those shareholders within a month of the official announcement of the buyback tender results.
We estimate interim dividends for 9M 10 for VolgaTelecom at RUB 7 per preferred share and RUB 2.6 per common share,
which translates into dividend yields of 8.7% and 2.8% respectively. For Uralsvyazinform we estimate dividends at 8.1
kopecks per preferred share and 2.8 kopecks per common share, or 9.6% and 2.9% yields.
The registry record date for the interim dividend is to be set following the actual buyback of shares tendered during the
offer. The dividends are to be paid in December 2010.
In our view, the results of the buyback offer, as well as the previous results of Sibirtelecom, South Telecom and North-
West Telecom, indicate that most investors believe in the prospects of the combined Rostelecom and prefer to swap their
regional operators’ shares into new Rostelecom shares rather than selling them during a buyback.
We recommend that investors participate in the Svyazinvest reorganization by purchasing the regional operators’ shares
and note that the ordinary shares of Sibirtelecom, Volgatelecom and South Telecom offer more than 30% upside to the
swap based on current prices.