But for all
Megafon has collected suitcases on the stock exchange
MegaFon, one of the largest mobile operators in Russia, is getting ready for an IPO on November 1. The company plans to settle on the London LSE and MICEX-RTS. During the IPO, the operator can sell approximately 15% of the shares. The majority of the shares will be placed by the Swedish-Finnish shareholder of TeliaSonera, the rest will be the treasury shares of the operator directly.
Two of the three largest Russian telecommunications companies have already placed their shares on the stock exchange. VimpelCom entered the New York Stock Exchange (NYSE) in 1996, and MTS in 2000. Today, companies have a capitalization of $ 18.7 billion and $ 16.7 billion, respectively. Three leading players control 80% of the mobile services market.
“The placement of Megafon already seriously affects MTS quotes, drawing institutional funds from the last funds. However, after the placement, we can expect a rebound in MTS securities. As for Megafon, most likely, the company’s valuation at the placement will include a premium, but long-term its papers may become the most interesting in Russian telecom, “said Ilya Rachenkov, an analyst at Investcafe. Continue reading
Google is ahead of the rest …
Google is breaking records. According to the company’s quarterly report, for the first time since its inception, its revenue exceeded $ 50 billion. It amounted to $ 50.2 billion, which is 32% more than in 2011. Google’s financials exceeded analyst expectations. Experts attribute the success to the fact that the company effectively profit from advertising on PC.
And this despite the fact that with mobile advertising (which has excellent prospects for the near future, and some problems with profitability at the moment), Google did not work out so smoothly. In general, the company holds 41 percent of the online advertising market, which is tied to the results of search queries in the system. By the way, the vast majority of requests on the Internet are carried out through Google – about 80 percent. At the same time, the total volume of calls to the search engine themselves grew by 24 percent during the reporting period. The main income the company receives from contextual advertising on request. Last year, this revenue was the largest in the history of Google. Continue reading
Currency forecast: the dollar strengthens its position
The dollar spent the whole week to strengthen its position and succeeded in this. The euro cannot boast of such achievements against the backdrop of Draghi’s statement that bearish risks for the eurozone remain. Concerns of monetary authorities about the prospects for the European economy are pulling the euro down, and this is expected to affect the situation as a whole.
The past week has clearly demonstrated that economic statistics from the United States has been and remains a fundamental factor for the market. According to Forex Club, America’s stock indices twice made serious attempts to move away from their multi-year highs, losing more than one percent during trading sessions. Yield on ten-year US bonds also fell by 0.07 percentage points to 1.95%.
Thus, a significant impetus to the growth of the dollar was given by the speech of the ECB President Mario Draghi, during which he was less optimistic in assessing the prospects for the eurozone economy. Closer to the close of the week, the USDX added 1.2%. Continue reading