According to sources familiar with the process of placing of additional issue shares of Magneto, the company plans to draw in the placement of the order of $ 520-530 million with about 70% of this issue will be new shares and the rest - some of the shares of existing shareholders. Overall, we estimate the neutral information on the details of placement, since it bears no qualitatively new information for the market. We believe that the offering price of shares of the magnet will slightly below current market quotations, but even in this case, the company manages in the favorable outcome of accommodation to attract the necessary amount . Earlier the company approved an additional issue in the amount of 13,4% of existing shares, which at current market quotations are estimated at more than $ 660 million , - analyst IK Finam Sergey Filchenkov.
Director-General of Siberia IDC expects that RAB-regulation will be introduced in five regions of the Siberian Federal District in 2010. So, currently considering the introduction of RAB-regulation in the republics of Khakassia and Altai, Omsk and Tomsk regions, and Transbaykal region (working affiliates IDC Siberia Chitaenergo and Buryatenergo). We believe that the statement of Director General of Siberia IDC on the transition to RAB-regulation of c 2010 can positively affect the share prices of the company, because it is news about the prospect of RAB-regulation of the tariff since 2010 at the IDC caused rapid growth of stock quotes of companies segment. Among the drivers for the IDC can be called a region of Siberia, which will recover rapidly in the event of withdrawal of Russia's economy from the crisis and the increase in connection with the accident at the Sayan-Shushenskaya GES Investment Program IDC Siberia, which will be incorporated into the tariff in the case of a change in the RAB - regulation , - said Konstantin Reily of Finam.
CMI published operational results for the third quarter of 2009. Output of steel increased by 31% for the second quarter of 2009, up 20 percentage points more recently published results of NLMK. Production of commercial products increased by 35,5% in quarterly comparison, but in relation to the same period in 2008 production of final products decreased by 11,4%. Manufacture of products with high added value increased by 29,4% for the second quarter, almost reaching pre-crisis levels. The published data, we believe the positive: with a significant increase in the output, the company managed to maintain the proportion of products with high added value at levels exceeding pre-crisis value. Thus, the CMI holds previously issued a ruling on a strategy to increase the proportion of high margin products in total steel output, - commented Alex Sulina of Finam.
media published the draft estimates for remediation of the Sayan-Shushenskaya GES. In accordance with this document, work on the restoration of the station will be held within 5 years from 2009 to 2013. The volume of orders for the restoration and renovation of 10 generating units, which will be posted at Power Machines, will be 20.3 billion rubles (about $ 700 million). Also, 6.1 billion rubles (about $ 200 million) earmarked for construction and installation work on the installation of generating units, but the final decision on the contractor is still pending. We appreciate the news as moderately positive for Power Machines. We believe that the publication of the exact amount of the order should not influence the share prices of the company, since it corresponds to market expectations and the decision on placing an order for Power Machines was made earlier. We believe that, for the construction and installation work on the installation of hydraulic units may be involved in Power Machines, given the close attention to the object of reconstruction. As a result, it will allow companies to increase their portfolio by another $ 200 million by our estimates, thanks to the participation in the reconstruction of the Sayan-Shushenskaya GES , portfolio of Power Machines could increase by 20-25%, - wrote in his daily analyst at the investment company Finam Konstantin Romanov.
More information on these and other analysts' comments Finam you can refer to the section Investments.
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