Hi fellows,
What would your opinion be about Gazprom shares? Doest it carry much of political risk and has too much correlation with North Strem-2 project?
Thanks in advance,
Andrew
hi Andrew, by the nature of it being a Russian company, it does of course carry a political risk. nothing new there but the reason for the stock having rocketed in the last 2 months is that at last the management( which by the way has seen a lot of changes ) has finally accepted to increase the dividend to the norm in Russian cos wth stateownereship: 50% of IFRS results . for a company with traditionally very poor asset allocation this is mega news since the less cash they have , the less value distructiv investments they are able to a make. Simples!!
