RE: RE: RE: Asset Mgmt firm mentioning BuryatzoltoI saw something interesting (possibly??) regarding Russian investment on the BBC this morning here Africa Time (+6 to 9 hours N. America time) I thought might interest a few, or seem humorous, depending on how you interpret it. It seem according to this story, which was a feature on BBC that Putin has stated this weekend that he wants more investment from the West. He says that he wants to see more companies taken public and them going public inticing western investors. Does anyone else see the humour here, with respect to this situation?
Maybe we should all find an email address for Putin, and send him the history and ongoing situation here, explaining why we might just be a little bit reluctant to invest in the future in Russian controlled public vehicles, and perhaps he can phone his friend in charge of Severstal and let him in on the concept!!! Explaining of course, that when you want to have investment, you need to show that you actually care about your "Western" investors.
More seriously, this may be an angle for some publicity. IF they want investment, then if this story is put forward it is not going to help them in the markets, unless they change their attitude. This story, framed against this ongoing treatment of HRG shareholders by the Russian top management is a complete contradiction, so which is it??? According to the news story today, CHANGE, in attitude and desires at the top levels in Russia, is the core to this Putin announcement.
If this turns out to be more than just PR - BS then surely Mr. Putin would not like to see how HRG shareholders have been treated, as a leading indicator, on his new philosophy.
From what I see here: no change to date in current approach. They lack completely to date ANY ability to run a public company which entices further investment. It is the opposite. They are pushing investors who might have considered further investment in Russia AWAY. Stupid, very stupid as I mentioned a long time ago here, because the bigger picture for Russia will need huge investment if they are ever going really move forward, and this means public companies and happy investors. There are so many choices and competitive situations to Russia at this time.
So again. Any angle here? Not sure, but push this in front of investors, as an example of what Russian investment actually means, can't be of any help to Putin dream. Do you think he would phone his friend and say?" Hey comrade we have a little problem here. We want more investors from the West, not less. Can you do something about HRG completely crappy performance and treatment of CURRENT WESTERN INVESTORS? Uh UH - let me look into it. Are we supposed to have the stock trading at what its worth or what? Is that the idea? I thought we were on the screw them if we can, and steal as much as possible. Ya well we are going to change that, or at least appear to while it suits our needs. Hire a PR firm. OK " LOL