Author Topic: SBRCY - Sberbank  (Read 35490 times)

plato1976

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SBRCY - Sberbank
« on: September 14, 2013, 05:46:05 PM »
Just wonder if folks here paid att to russian corps ...
I know some see them as forbidden investment ..

sberbank seems a significant finance provider in russia and its valuation is really low. 90% tangible book, 5.7 times earning. roe is 18%
Seems russian shares will trade at such depressive levels forever ?
If they are really shareholder friendly they should aggressively buy back and then in a few years try to give out fat div ...
« Last Edit: September 14, 2013, 11:12:39 PM by Parsad »


JBird

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Re: SBRCY - Sberbank
« Reply #1 on: September 14, 2013, 05:59:59 PM »
I can't speak about Russian bank stocks, but it's not as if Russian oil stocks haven't traded significantly higher than where they are now. Lukoil traded 80+% higher in 2008. Gazprom traded 5x its current price in 2008.
« Last Edit: September 14, 2013, 06:02:07 PM by JBird »
Woman and wine, games and deceit, make the wealth small and the wants great. - Ben Franklin

Aberhound

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Re: SBRCY - Sberbank
« Reply #2 on: September 14, 2013, 07:56:03 PM »
Putin gave a speech opposing bail-in. with 30T deposits in US and EU some of that will end up in Russia if only to spread out the risk.

Qu1nt3ss0n

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Re: SBRCY - Sberbank
« Reply #3 on: November 09, 2013, 07:43:03 PM »
The following commentary is taken from the Kerrisdale Capital letter for Q3 2013.

http://www.beyondproxy.com/sberbank/

indythinker85

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Re: SBRCY - Sberbank
« Reply #4 on: November 10, 2013, 07:16:31 AM »
The following commentary is taken from the Kerrisdale Capital letter for Q3 2013.

http://www.beyondproxy.com/sberbank/

Thank you. I thought I was the only crazy one looking at Russia. Sberbank seems interesting and I saw the Kerrisdale write up. I am looking to buy a basket of Russian equities and sell the ETF. Anyone have names to research besides Lukoil and Gazprom its almost like no other companies exist?

Packer16

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Re: SBRCY - Sberbank
« Reply #5 on: November 10, 2013, 07:42:15 AM »
Two other Russian names are CTC Media (Russian TV) and Tatneft (Russian Oil & Gas and Tires).

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plato1976

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Re: SBRCY - Sberbank
« Reply #6 on: November 10, 2013, 08:40:38 AM »
Packer, are you willing to take the country risk to wade into russian picks ? :)
I am so hesitant ......

Two other Russian names are CTC Media (Russian TV) and Tatneft (Russian Oil & Gas and Tires).

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Qu1nt3ss0n

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Re: SBRCY - Sberbank
« Reply #7 on: November 10, 2013, 03:18:04 PM »
Just wonder if folks here paid att to russian corps ...
I know some see them as forbidden investment ..

sberbank seems a significant finance provider in russia and its valuation is really low. 90% tangible book, 5.7 times earning. roe is 18%
Seems russian shares will trade at such depressive levels forever ?
If they are really shareholder friendly they should aggressively buy back and then in a few years try to give out fat div ...

The valuation is compelling, though the country risk would probably not allow me to make this a significant position (max 2-3%). This has been my typical approach with other emerging market investments. I dont perceive russia as riskier than china or india or indonesia...

plato1976

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Re: SBRCY - Sberbank
« Reply #8 on: November 10, 2013, 03:55:33 PM »
in fact, in the short run the risk is more related with the oil price ...
but sberbank really has good reserve and huge margin

Just wonder if folks here paid att to russian corps ...
I know some see them as forbidden investment ..

sberbank seems a significant finance provider in russia and its valuation is really low. 90% tangible book, 5.7 times earning. roe is 18%
Seems russian shares will trade at such depressive levels forever ?
If they are really shareholder friendly they should aggressively buy back and then in a few years try to give out fat div ...

The valuation is compelling, though the country risk would probably not allow me to make this a significant position (max 2-3%). This has been my typical approach with other emerging market investments. I dont perceive russia as riskier than china or india or indonesia...

Packer16

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Re: SBRCY - Sberbank
« Reply #9 on: November 10, 2013, 05:37:32 PM »
I have not invested in Russia yet but I am contemplating investment in more shareholder friendly firms such as Lukoil.  Some like Gazprom and Rosneft are state controlled so they do not do the most economic things.  Others like Surgneftgas are run by former bosses who think the company is their private kingdom (much like the state controlled firms).   

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