Author Topic: OGZPY - Gazprom  (Read 11586 times)

rukawa

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Re: OGZPY - Gazprom
« Reply #20 on: November 29, 2017, 04:55:08 PM »
The problem for me with their capex is that it's hard to know how much is spent politically & how much is spent for shareholder benefit.

That's simple...all of its for political purposes :). Or at least I consider that a fairly reasonable conservative hypothesis.

Do you think shareholders will ever benefit from any of this spending? Although the amount of shareholder benefit is not something I can quantify, I do believe there is some benefit & that's where the optionality comes from.

Well stuff is getting built so there is some value to all of it. I value Gazprom based on the reserves they control and view the pipelines they built as some bonus I don't know how to value. The company is corrupt and that corruption is more than priced in. But I don't think it can get any worse than it already is. I expect that when the sanctions end Russia will attempt to attract investors...its hard for me to see a flagship company getting even more corrupt with this in mind. I have no clue though when the sanctions will end.

But its cheap and something good may happen.


TwoCitiesCapital

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Re: OGZPY - Gazprom
« Reply #21 on: May 14, 2019, 03:34:10 PM »
Gazprom finally making some moves. +20% today. I'm assuming on the Nordstream 2 progress? Didn't see much else out today

TwoCitiesCapital

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Re: OGZPY - Gazprom
« Reply #22 on: May 14, 2019, 05:04:47 PM »
Nevermind. It's on news of a substantial hike in the dividend.

As per FT.com,


Quote
The share price jump came after Gazpromís management proposed raising dividends for last year to Rbs16.61, more than twice the payout in 2017 and ahead of the Rbs10.43 per share the company guided last month.