The RF Government approved a plan to move the territorial network of companies to a new system of tariff regulation - RAB

Written by admin on February 20th, 2010

TogliattiAzot not interested in a complete shutdown of production and is ready to buy gas from Gazprom at rates set by the FTS. Earlier, media reported about the possibility of stopping the company because of rising gas prices. Tariff FST company buys gas from Mezhregiongaz in the amount of 220 million cubic meters. m per month, which is 2 /3 needs of companies in the gas. The remaining TogliattiAzot buys from Samararegiongaza at prices significantly higher than rates of FTS. "Since TogliattiAzot continues to receive gas from Mezhregiongaz in specified amounts, we do not expect a complete stop production. If the company manages to increase the supply tariffs for the FTS, it will enable the company to save on purchases of gas, which has a positive impact on the profitability of production of ammonia, nitrogen fertilizers and methanol "- analyst forecasts Finam Timur Khamitov.

Sibir Airlines has summed up some of the results of 2009. According to preliminary data, in 2009, Group S7, which includes Siberia, carrying out regular air, and the company Globus, occupying charter services, carried 5,5-5,6 million passengers. According to the CEO, the services of Globus used 1.06 million passengers. As a result, Sibir carried in 2009 about 4,5 million passengers. "A significant reduction in passenger airline Sibir - almost 24% in 2009 - due to the overall downturn in the airline market, as well as the partial transfer of business charter for the company Globus. By our estimates, cost-effective translation of business service providers air charter services to another company may have a negative impact on the minority shareholders of Siberia ", - the analyst of investment company" Finam "Konstantin Romanov.

The RF Government approved a plan to move the territorial network of companies, including subsidiaries IDC, a new system of tariff regulation - RAB. Part of networking companies, according to the schedule, can go to the RAB during 2010, the transition to a new method of tariff regulation should be completed on Jan. 1, 2011. "We believe that approval of plans for the transfer of network companies in the tariff setting of RAB method increases the likelihood of realization of these plans and can have a positive impact on stock quotes IDC. First of all, the decision positively for the shares of IDC Center, IDC South and Volga IDC, as These companies are from July 1, 2010 will be transferred entirely to the RAB. At the same time, we believe that investors will wait for publication of parameters for the transition to RAB, key among which is the value of the initial invested capital base of each network company ", - commented Denis Kruglov out" FINAMa.

Ratings Services SP gave a rating of "BBB-" to the planned issuance of senior unsecured bonds TNK-BP Finance SA Bonds are issued by TNK-BP Finance SA guaranteed by TNK-BP International Ltd. Rating planned release is fully consistent with ratings already in circulation issue Eurobonds TNK-BP. "Despite the" damage "in recent days, Russia"s financial situation on the market, we believe that TNK-BP has a very good chance to stay successful. Yield are in circulation issues of Eurobonds TNK-BP is in the range of 4,08-7,38% per annum (2011-2018 gg., respectively). When placing a significant premium on the return to the market we do not expect. If one assumes that the maturity will be about 5 years, the yield to maturity of new issuance could reach 6,5-7% per annum, - wrote in his daily analyst of "Finam" Dmitry Terekhov.

Polyus Gold released operating results for the year 2009, which was the transition for the company in terms of changes in production technology at the Olympics and the development of new facilities. These changes have led to a significant increase in production of valuable species and reduce the stripping ratio at 75%. Processing of ore increased by 24%, but due to fall in the metal content in the processed rock and reducing the coefficient of extraction of metal gold production increased by only 0,7% (excluding the consolidation of the results KazakhGold), up to 1,231 thousand ounces. "We characterize the published data as neutral: according to our preliminary estimated financial results for the company"s revenue and EBITDA in 2009 will show growth in line with the overall dynamics of the average price of gold. As in the case of Polymetal, we expect more substantial growth in production at enterprises Pole Gold since 2010, when at full capacity, the project will Titimukhta and will start production on fertile. Increased production is also expected to field Kuranakh, which were increased processing capacity, "- notes the analyst of Finam Alex Sulin.


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