Thursday 15 July 2010

кремлёвские сосунки


The oбосранные на будущие 35-50 лет кремлёвские сосунки: ‘It’s not that (artificial) uncertainties caused you by you lowering my confidence. Is the light of proper professional decisions helping me see all this night избивания. This shouldn’t be looked at (i.e. 35-50 years) as a negative. Or, as a position when I don’t stop telling to myself that I’m trapped. Now, if I feel that I have been seriously manipulated emotionally (i.e. cтрочит пулемётчик…), and, I am by the козло-вонючие кацапские твари, and others english speaking Almohads, - I say so. For long periods, my way with words has been golden. So, logically, - the all yours of last 30 years financial exploits, naturally revealing by theirs selves like the pocтом невышли… And that the futures become very similar to that oбосранный малыш. (See the photos). None of worries! Which is again, - ‘Alleluia’! Nothing of surprises for the next 35-50 years… Our civilisation is you: ‘What can’t you have’? ‘What can’t you change’? Let’s the vybliadki of Vekselberga and Youshenka “keep contemplating” this restrictions. Trust me, from my side, - I’m not trying to depress you…

KKR Joins Blackstone in Stock Market Disillusioned With Buyouts. Jul 15, 2010. KKR & Co., the firm that made its name in the biggest leveraged buyouts, may find that private equity is its biggest stumbling block in winning over public investors when it debuts in its hometown of New York today. KKR, which depends on private equity investments for 62 percent of fee-related income, traded at about six times estimated earnings in Amsterdam, where it combined last year with its listed fund. Larger rival Blackstone Group LP, which has reduced dependence on buyouts to 29 percent of fee income, has a price-to-earnings ratio of 10. Both firms are trading at less than half their price when they first went public, with valuations that are trailing those of more traditional asset managers such as Legg Mason Inc., whose multiple is about 19. Public investors have shunned private-equity stocks since Blackstone, the largest buyout firm, sold shares three years ago, just before the credit crisis ended a three-year boom that saw $1.6 trillion in announced deals, many of which have yet to turn a profit. “The wheels of the model need to start turning because, from an investor’s perspective, private equity is sitting idle again,” said Roger Freeman, an analyst with Barclays Capital in New York. KKR rose 30 cents, or 2.9 percent, to $10.50 yesterday in its last day of Amsterdam trading. Blackstone fell 26 cents, or 2.5 percent, to $10.28 yesterday in New York Stock Exchange composite trading. KKR’s Journey. KKR, which originally filed to go public in 2007, abandoned that plan amid the global credit crisis, then opted to merge with its European publicly traded fund. The combined firm is shifting its listing to New York from Amsterdam. Both Blackstone and KKR’s Europe fund have traded below their IPO prices since almost immediately after their offering. KKR’s European fund hasn’t risen above its $25 IPO price. Blackstone’s all-time high of $35.06 came on June 22, the day after its initial offering. Shareholders in publicly traded private-equity companies are entitled to earnings from fees that the firms charge for managing funds, and from so-called performance fees that depend on the funds’ profits. Analysts tracking Blackstone and KKR base their estimates on a measure called economic net income, which doesn’t conform to generally accepted accounting principles, or GAAP. In Blackstone’s case, the firm uses ENI in part because it will post net losses for several years related to non-cash costs tied to its initial public offering. Fund Losses. KKR, which has $42.5 billion in fee-paying assets under management, said in May that it had economic net income of $674.8 million in the first quarter. Blackstone, with $98.1 billion in fee-earning assets, has reported economic net income of $360 million for the period. Both firms have posted paper losses on buyout funds raised since the beginning of the LBO boom in 2005, hurting performance fees. KKR’s funds are down $708 million and Blackstone’s have lost $861 million, according to regulatory filings. KKR earned no performance fees from its private-equity funds during the first quarter, with all of the $12.5 million in incentive fees from its public markets unit, where it makes fixed-income investments. Blackstone said it had $54 million in realized performance fees and $131.8 million in unrealized performance fees in the first quarter across all of its businesses. Seeking Fees. Blackstone and KKR have responded to the buyout drought by diversifying. KKR, which pushed buyouts into the mainstream with the $30 billion purchase of RJR Nabisco Inc. in 1989 and led the record buyout of energy producer TXU Corp. for $43.2 billion in 2007, has more recently expanded into areas such as capital markets, underwriting equity and debt offerings for its portfolio companies. The capital markets and principal activities business had fee-related earnings of $18.5 million, or about 20 percent of the total. KKR, created in 1976 by Henry Kravis and George Roberts, is also diversifying geographically to boost assets and diminish its reliance on large U.S.-focused investment funds. The firm is currently marketing a fund that will make investments in China and hopes to secure $800 million in commitments for it. KKR is also targeting $1 billion for a pool that will buy traditional oil and gas businesses. The private markets segment that includes private equity accounted for 62 percent of KKR’s total fee-related earnings in the first quarter. Blackstone relies on private equity for 29 percent. Most fee-related earnings come from its fund-of-hedge- funds, which contribute 35 percent of the total. ‘Sensitive’. Blackstone may report a profit of 17 cents when it published second-quarter results on July 22, based on a survey of nine analysts by Bloomberg. That would be the firm’s fifth- straight profit, after losses from the third quarter of 2008 until the first quarter of 2009, during the peak of the credit crisis. “Blackstone’s revenues and earnings are highly sensitive to the investment performance of the company’s underlying investment products,” Keefe, Bruyette & Woods analyst Robert Lee wrote in a July 13 note to clients previewing Blackstone and other managers’ earnings. “The sharp selloff in the stocks of alternative managers in the second quarter was way overdone and there is good value in the group.” Lee, who rates the stock “outperform,” has a price target of $17 a share.
KKR may post a loss of $1.27 a share for the second quarter, on an economic net income basis, Michael Kim, an analyst at Sandler O’Neill & Partners in New York, told clients in a July 6 note. KKR will probably mark down the value of some of its private-equity investments, he said in the note.

Tanker collided with yacht, one dead, Italy. Chemical tanker Martina collided with yacht Aliva near Santa Marinella, Italy, on July 13, one yachtsman dead. Both vessels detained for investigation. Martina – IMO 9143439, dwt 11137, built 1998, flag Italy. Fire on tanker, one crew missing. Fire on board of chemical tanker Eastern Honesty occurred on July 12 in South China sea off Malaysia coast, one crew missing, two injured. Eastern Honesty – IMO 9246944, dwt 8719, built 2002, flag Panama.

Federation of Trade Unions protest against increases in gas prices. 07/15/2010 12:40. Federation of Trade Unions of Ukraine expresses categorical protest against the increase from 1 August to 50% natural gas prices for households. It said in a statement released today, trade unions, who believe that the decision "a gross violation of accepted laws and principles of social dialogue. National Electricity Regulatory Commission ignored the Ukraine Cabinet of Ministers of Ukraine from February 24, 2010 N184 to the irreversibility in 2010 gas prices for households. Touched upon in the agreement under the General Agreement on binding agreement with unions such decisions. No single conciliation on to increase gas prices for households was conducted, "- said in a statement FPU. "It is sad to note that the Government of M. Azarov began operations in ignoring public opinion when making such a socially important decision that affects the welfare of virtually every family. And this is when the head of state constantly stresses the need to strengthen social dialogue and calculation views public "- summarized in the federation. It also emphasizes the message: "This is a significant step backwards, since even the previous government of Yulia Timoshenko this alone does not allow, despite the fact that Federation of Trade Unions of Ukraine stayed with him in the collective labor disputes at the national level." Federation of Trade Unions demands of the National Electricity Regulatory Commission to cancel the "illegal decision to increase from August 1, 2010 natural gas prices for households and avoid making further such decisions without the consent of trade unions. Remember, pursuant to the National Electricity Regulatory Commission of Ukraine N812 of 13 July 2010, retail prices for natural gas for the population from 1 August to rise by 50%.

BP полностью перекрыла утечку нефти в Мексиканский залив. Российская газета — RG.RU, 1 час назад. Утечка нефти из поврежденной скважины в Мексиканском заливе полностью прекращена. (BP proibida de fazer novas perfurações "offshore" nos próximos setes anos). Инженеры BP приступили к тестированию нового защитного купола, который должен поставить точку в работах по ликвидации аварии. Роботы постепенно закрывают три специальных клапана на куполе (эта работа потребует нескольких дней), после чего утечка нефти полностью прекратится.

Alrosa considers Gohkran sales. The Russian state diamond company's chief executive Fyodor Andreyev said in his address to the 34th World Diamond Congress on Sunday that Alrosa and the state stockpile agency Gokhran are considering the sale out of Gokhran stocks of “$500 million to $800 million worth of rough...by the end of the year in order to stop supporting the speculative demand from the market." Andreyev said that there is a danger of an unsustainable bubble in prices. “A price bubble is emerging in the international diamond market,” he told delegates, adding that Alrosa’s long term supply contracts are one way of combating speculative price tendencies. Another way was by using Gokhran stock sales, such as De Beers's Central Selling Organisation used before De Beers liquidated its buffer stocks. "Prices are already close to the price level of 2008,” Andreyev said, “and the situation begins to repeat itself. So we are once again faced with the question of how to regulate this market. Stable, predictable market transparency is the keyword today," he claimed. “The state is now becoming an active player in the market. There is currently in discussion with the Finance Ministry [the idea] that one source of price-fixing deficiency and protection against ‘bubble’ could be those [stockpile] reserves that are accumulated by the State.” Although Russia’s diamond stockpile volumes, values, and operations have always been classified a state secret, Andreyev told delegates that operations with the Gokhran stockpile would add transparency to the market, and to bank lenders to diamond miners like Alrosa.
Andreyev: "At the peak of the crisis, the main issue that arose from the banks - this was the opacity of the industry, its pricing mechanisms, the capacity of production. And all this we have to change. Now we have become more open, to give information to the market, and interact with manufacturers.” Following Andreyev’s comments that the current price trend in the rough market is speculative and that supply continues to fall short of demand, De Beers issued a statement saying: "We believe that this process is due to strong demand in the holiday season and is not a speculative growth."

No comments: