Executive Summary
Prosperity Russia Domestic Fund Limited's investment objective is to achieve capital growth by investing in a portfolio of securities issued by companies in the sectors of the domestic economies of Russia and other newly independent states (\NIS\) of the former Soviet Union which are expected to benefit from the increase in consumer demand and capital investment in such countries. The Company will invest primarily in small and medium-sized companies, with the aim of being an active and influential minority shareholder. The Company has appointed Prosperity Capital Management Limited (the \Manager\), to provide it with investment management services. It is a leading manager of Russian equity funds with assets under management of approximately US$3.3 billion as at 31 December 2006. The Company will invest at least 75% of its gross assets in the securities of listed and unlisted companies established or having their principal operations in Russia. The Company will be permitted to invest up to 25% of its gross assets in the securities of companies established or having their principal operations in NIS countries other than Russia, which the Manager expects to be primarily the Ukraine and Kazakhstan; however, the Company may, within such limitation and on an opportunistic basis, invest in the securities of companies established or having their principal operations in other NIS countries. The Company will seek to fulfil its investment objective by making investments in approximately 15 investment opportunities, primarily in small and medium sized companies in Russia and other NIS countries in (i) the domestic consumer sectors, such as retail and consumer goods, (ii) sectors which enable domestic consumer growth, such as banking and (iii) sectors related to capital investment, such as telecoms, power, construction, maintenance services and cement manufacture. However, the Company may invest in other sectors of the economies of Russia and other NIS countries which are expected to benefit from the increase in consumer demand and capital investment in such countries. Investment will be directed towards companies considered attractive from a fundamental value and growth perspective.
Company History
Business Model
Products/Services
Segments/Customers
Production/Operations
Distribution/Routes to Market
Competition
Market Share
Main Competitors
Competitive Strengths and Weaknesses
Management
Financials
Historicals
Current Trading
Forecast Drivers and Issues
Balance sheet
Cashflow
Valuation
Comparable Companies
SWOT Analysis
Strengths
Weaknesses
Opportunities
Threats
