Investments “from God” are the most sustainable
You can work in the financial market with “God’s grace.” Religious denominations offer adherents investments that are guaranteed to please God and allow hierarchs to maintain godliness in the eyes of the nourished flock. Religious organizations have long ceased to exist through donations and have become diversified corporations.
Today, all large and even small churches control their own investment funds. They invest funds received from believers in securities and conduct other commercial activities. According to Newsweek magazine, one of the most famous Protestant sects, the Mormons (The Church of Jesus Christ of Latter-day Saints), only officially owns a financial company with assets of $ 3 billion, and its general condition was estimated by the magazine in June 2011 at $ 30 billion.
At the same time, Mormons belong to the category of the most financially stable sects, in general, Protestant churches are objectively forced to turn into openly financial and service corporations, since the number of parishioners is sharply reduced. Continue reading
What unites the Eiffel Tower, modern Internet startups, the election campaign of Barack Obama and the feature film “Iron Sky” The energetic civilization of the Sun? The idea of crowdfunding, or public co-financing, which was used to accumulate the necessary funds. This year, this new old way to attract finance is booming.
Crowdfunding comes from the English crowd funding, crowd – “crowd”, funding – “funding”. The idea is that anyone can chip in money for a particular project that aroused interest and a desire to participate in it financially with possible subsequent payment in the form of money, a share or a free unit of the product being produced.
Most organically, this idea is woven into the media business, whether it be music, cinema or other forms of mass cultural entertainment. And the maximum commercialization of this market, which makes it almost impossible for any creative character or product to go out into the world without the notorious connections and involvement in existing business configurations, has made the idea of crowdfunding megapopular. Continue reading
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