Shares on the stock market
|* On December 19, 2011, a merger occurred between the two stock exchanges MICEX and RTS. At this stage, the merger has only taken place from a legal standpoint. Trading continued as usual on the MICEX and RTS.|
|Start of trading date||Feb 9, 2006||Feb 9, 2006|
|Quotation list||“А” first-tier||“А” second-tier|
|Ticker||MSRS||MSRS – Classical Market
MSRSG – Exchange Market
|Bloomberg||MSRS RM||MSRS RU - Classical Market
MSRSG RU - Exchange Market
In 2011, 84% of the trading with JSC “MOESK” shares took place on the MICEX and 16% on the RTS.
« IN 2011, 84% Of The TRADING WITH JSC “MOESK” SHARES TOOK PLACE ON the MICEX AND 16% ON The RTS »
- The Russian government calls for the hike in electricity tariffs in 2011 to be capped at 15%.
- JSC “MOESK” announces dividend payments.
- The signing of an agreement between JSC “IDGC Holding” and GPB (JSC) on the trust management of JSC “MOESK” shares.
- The publication of the IFRS financial statement for 2010.
- A decline on global capital markets: worsening of the sovereign debt crisis in Europe, the U.S. credit rating is lowered from ААА to АА+ for the first time, and the risk increases of a recession in the global economy.
- The publication of the IFRS financial statement for the first six months of 2011.
Change in the Company’s share price compared with the MICEX and MICEX PWR indices
|Indicator||Change in price by year|
|Company’s share price||-8 %||34 %||4 %|
|MICEX Index||116 %||17 %||-18 %|
|MICEX PWR Index||165 %||39 %||-40 %|
In January 2011, two key factors were identified that affect the share quotations of JSC “MOESK” and other issuers in the energy sector: the expectation that the transition to RAB regulating will improve financial performance and increased government control over electricity prices.
Taking into consideration the Russian government’s statement (in February 2011) about restricting electricity tariff hikes to 15%, the market responded with a decline. For almost all of 2011, the shares of energy sector companies were under pressure from the growing risks of investment in the Russian power industry. The biggest disappointment for investors was the postponement in the transition to RAB regulation of energy tariffs.
At the same time, following a correction JSC “MOESK” shares have shown growth since mid-June due to several media reports about GPB (JSC) taking over operational control of the company from JSC “IDGC Holding.” Most of the analysts who cover the Company’s activities viewed this news as positive.
« JSC “MOESK” IS ONE Of ONLY A FEW COMPANIES IN the POWER GRID SECTOR THAT DEMONSTRATED GROWTH IN MARKET CAPITALIZATION IN 2011 »
Stock exchange shares
|Min price, rubles||0.69||1.21||1.28|
|Max price, rubles||1.48||1.80||1.75|
|Closing price at end of year, rubles||1.07||1.67||1.60|
|Number of transactions, pcs||41,599||64,840||59,919|
JSC “MOESK” is one of only a few companies in the electricity sector that demonstrated growth in market capitalization in 2011.
Presence in indices
|Index||Index code||Inclusion date||Weight of shares in index|
|RTS Index||RTSI||March 16, 2011||-||-||0.25 %|
|RTS Index-2||RTS2||June 15, 2007||1.13 %||1.42 %||2.72 %|
|RTS Power Index (dollar)||RTSeu||Sept 15, 2006||1.85 %||2.72 %||5.10 %|
|MICEX Power Index (ruble)||MICEX
|July 3, 2006||1.96 %||2.36 %||5.08 %|
|MICEX Standard Capitalization Index||MICEX
|Oct 15, 2008||0.76 %||0.81 %||2.42 %|