Saturday 16 July 2011
Hitler Reacts to the TechCrunch Redesign
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Peter Schiff: The dollar is sinking and gold is making a new all time high
cfini72 on Jul 14, 2011
QE3
Return of the Gold Standard....By Ambrose Evans-Pritchard
9:28PM BST 14 Jul 2011
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/8638644/Return-of-the-Gold-Standard-as-world-order-unravels.html
Return of the Gold Standard as world order unravels
As the twin pillars of international monetary system threaten to come tumbling down in unison, gold has reclaimed its ancient status as the anchor of stability. The spot price surged to an all-time high of $1,594 an ounce in London, lifting silver to $39 in its train.
On one side of the Atlantic, the eurozone debt crisis has spread to the countries that may be too big to save - Spain and Italy - though RBS thinks a €3.5 trillion rescue fund would ensure survival of Europe's currency union.
On the other side, the recovery has sputtered out and the printing presses are being oiled again. Brinkmanship between the Congress and the White House over the US debt ceiling has compelled Moody's to warn of a "very small but rising risk" that the world's paramount power may default within two weeks. "The unthinkable is now thinkable," said Ross Norman, director of thebulliondesk.com.
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
Gold Hits Three Week High.mp4
MichaelSias on Jul 14, 2011
David Morgan, publisher of the Morgan Report, discusses gold's three week high and why short-term traders could face a steep downside.
Performing Gold Equities - July 15
The following list of companies is comprised of all the components of the XAU, HUI, GOX, JSE Gold, and TSX Gold indexes.
http://www.kitco.com/stocks/changepercentage_desc.html
http://www.kitco.com/stocks/changepercentage_desc.html
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
http://www.kitco.com/stocks/changepercentage_desc.html
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http://www.kitco.com/stocks/changepercentage_desc.html
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
Ben Bernanke Spikes Gold Prices -Robert Lenzner
Jul. 14 2011 — 2:59 pm
Ben Bernanke Spikes Gold Prices
Just the very hint of a QE3 spiked gold to a new record peak price as it closed in on $1600 an ounce. What a Pavlovian reaction; more money supply created equals more money into gold. It’s like shooting ducks in a barrel. Just about a sure thing.
The rule of thumb is as follows; more quantitative easing means more downward pressure on the dollar– which means more upward pressure on gold.
http://blogs.forbes.com/robertlenzner/
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
Chatham House - Publications - Tax Havens: Shady Deals
Chatham House - Publications - The World Today - Archive - View Article
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
Tax Havens: Shady Deals
Clemens Fuest, July 2011
The World Today, Volume 67, Number 7
Tax havens are commonly perceived as islands located somewhere under the tropical sun, where businessmen, lawyers and bankers engage in dubious affairs, escaping taxation and regulation in their home countries.
While there certainly are tax havens that correspond to this cliché, the real world of tax havens is more diverse, with various types of locations being used for different purposes.
The first of is a group of very small countries, frequently places like the Cayman Islands, Bermuda or Mauritius. Typically, these tax havens focus on the provision of legal and financial services, rather than the creation of large industrial production plants. The second type includes larger nations like Switzerland, Ireland, Panama or Hong Kong. These countries offer low taxes and a well-developed financial services industry, but are also locations for significant industrial production. Then there is a third and less well-known type of tax havens: areas of low taxation within countries that may otherwise have high taxes. This includes special enterprise zones and free trade zones, but also legal arrangements limited to certain types of firms. Some countries offer attractive tax arrangements to foreign investors which are not available for domestic firms.
What is it that makes countries become tax havens? Size is one factor. Small countries benefit more than large countries from offering low taxes because the business they can attract from other countries is large, relative to domestic activities. But being small is not enough. Political stability, a reliable legal system and good governance in general are of key importance. Countries with poor governance will never attract much foreign capital, even if they offer low taxes.
In recent years, tax havens have come under increasing critique. They are widely seen as helping firms and wealthy individuals from other countries to avoid and evade the taxes and regulations of their home countries. For instance, multinational companies may set up subsidiaries in tax havens, endow them with capital and lend money to their subsidiaries in more highly taxed countries. The interest paid would reduce taxable profits in high tax countries and generate profits in tax havens. This erodes tax revenue in the higher tax countries and intensifies tax competition by forcing other countries to reduce their taxes.
Another issue is that banking secrecy laws and a lack of cooperation between tax authorities allow residents of high tax countries to evade domestic taxation. The simplest way of doing so is to hold financial assets in an offshore bank account and avoid reporting the investment income to the tax authorities in the residence country. This is sometimes achieved using sophisticated instruments like foundations, trusts and offshore companies. Suspicion regarding tax havens has been fuelled by spectacular cases of tax evasion like that of the former CEO of the German company Deutsche Telekom, who was detected hiding millions of euros in a bank account in Liechtenstein.
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
Gazprom Shares
http://www.gazprom.com/investors/info/
Gazprom
On October 21, 1994 the Russian Federal Property Fund carried out, according to the Russian President Order No.1705 of December 31, 1992 and based on the outcomes of the specialized cheque auction for selling RAO Gazprom shares held in 61 regions of the Russian Federation between April 25, 1994 and June 30, 1994, the split-up of the Company’s shares. The shares were split in the following way: 1 (one) share with a par value of RUB 1,000 (one thousand) was split into 100 (one hundred) shares with a par value of RUB 10 (ten).
Ordinary nominal uncertified shares
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
Gazprom
Company presentation
Open Joint Stock Company (OAO) Gazprom is the world’s largest gas business engaged in natural gas, gas condensate and oil prospecting, production, transmission, processing and marketing both inside and outside Russia. OAO Gazprom is the legal successor of the propri-
etary rights and obligations of State Gas Concern Gazprom, including the rights to use land, subsurface reserves, natural resources as well as the rights and commitments under the agreements concluded by the Concern. Gazprom possesses the richest natural gas reserves in the world, with its share in the global and Russian total making up some 17% and over 60%, respectively. Gazprom owns the gas trunklines integrated in the Unified Gas Supply System (UGSS) of Russia.
etary rights and obligations of State Gas Concern Gazprom, including the rights to use land, subsurface reserves, natural resources as well as the rights and commitments under the agreements concluded by the Concern. Gazprom possesses the richest natural gas reserves in the world, with its share in the global and Russian total making up some 17% and over 60%, respectively. Gazprom owns the gas trunklines integrated in the Unified Gas Supply System (UGSS) of Russia.
MICEX (Moscow), Frankfurt, London, RTS (Moscow)
| MICEX | Frankfurt | London | RTS | |
|---|---|---|---|---|
| Date | 07/15/2011 | 07/15/2011 | 07/15/2011 | 07/14/2011 |
| Currency | RUB | EUR | USD | USD |
| Previous Close | 201.60 | 10.17 | 14.25 | 7.21 |
| Change (%) | 0.30 | 1.30 | -0.35 | -0.55 |
| Volume | 0 | 195,599 | 30,364,704 | 0 |
| Number of Shares (mil) | 23,673.51 | 5,918.38 | 5,918.38 | 23,673.51 |
| Market Cap (mil) | 4,772,579.62 | 60,189.92 | 84,336.92 | 170,686.01 |
Key figures
| Financial results | 2006 | 2007 | 2008 | 2009 |
|---|---|---|---|---|
| Net sales, million RR | 1,632,653 | 1,774,979 | 2,507,010 | 2,486,940 |
| Sales profit, million RR | 504,003 | 486,602 | 895,626 | 553,269 |
| Net profit, million RR | 343,680 | 360,450 | 173,022 | 624,613 |
| Net assets, million RR | 3,655,206 | 4,663,467 | 4,773,521 | 5,398,689 |
| Short-term borrowings, million RR | 267,222 | 379,671 | 479,335 | 480,839 |
| Long-term borrowings, million RR | 630,590 | 886,225 | 928,679 | 1,071,209 |
| Capital expenditures, million RR | 276,886 | 201,924 | 264,630 | 213,519 |
| Net assets per share, RR | 154.40 | 196.99 | 201.64 | 228.05 |
| Earnings per share, RR | 14.52 | 15.23 | 7.31 | 26.38 |
| Dividends per share, RR | 2.54 | 2.66 | 0.36 | 2.39 |
| Financial ratios & Market indicators | ||||
| Return on equity, % | 9.40 | 7.73 | 3.62 | 11.57 |
| Return on assets, % | 7.55 | 6.08 | 2.80 | 8.99 |
| Return on sales, % | 30.87 | 27.41 | 35.72 | 22.25 |
| Current liquidity ratio | 2.95 | 2.80 | 2.72 | 2.59 |
| Quick ratio | 2.35 | 2.34 | 2.26 | 2.05 |
| Equity/assets ratio | 80.28 | 78.65 | 77.22 | 77.67 |
| Debt to capital ratio, % | 16.90 | 19.84 | 21.54 | 20.06 |
| P/E ratio (domestic OAO “Gazprom” share market) | 20.83 | 22.51 | 14.86 | 6.95 |
| Average market capitalization, billion USD | 239.3 | 259.0 | 241.1 | 116.0 |
Diagrams
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Gazprom is the largest joint-stock company in Russia.The total number of the Company’s shareholders is over 500 000. The state owns a 50.002 per cent controlling stake in Gazprom.
Gazprom’s equity capital| Stake, % as at 31.12.2009 | |
|---|---|
| Stake controlled by Russion Federation | 50.002 |
| The Federal Agency for State Property Management | 38.373 |
| Rosneftegaz | 10.740 |
| Rosgazifikatsiya | 0.889 |
| ADR holders | 24.350 |
| Other registered entities | 25.648 |
Initial Public Offering
On October 21, 1994 the Russian Federal Property Fund carried out, according to the Russian President Order No.1705 of December 31, 1992 and based on the outcomes of the specialized cheque auction for selling RAO Gazprom shares held in 61 regions of the Russian Federation between April 25, 1994 and June 30, 1994, the split-up of the Company’s shares. The shares were split in the following way: 1 (one) share with a par value of RUB 1,000 (one thousand) was split into 100 (one hundred) shares with a par value of RUB 10 (ten).
On May 20, 1993 RAO Gazprom issued 236,735,129 shares at a par value of RUB 1,000 per share. The share issue was registered by the Russian Federation Ministry of Finance (registration number MF73-1p-0204).
On August 19, 1998 the Russian Federal Securities Commission (FSC), introduced ad registered, according to the Russian Federation Government Decree No.217 of February 18, 1998 “On the Specifics of Securities Circulation Due to a Change in the Face Value of Russian Currency and the Scale of Prices”, the FSC Decree No.6 of April 20, 1998 “On the Order of Amendments into the Resolution on Securities Issue, Emission Prospectuses, Privatization Plans and Foundation Documents That May Arise from the Changes in the Face Value of Russian Currency and the Scale of Prices” and according to the FSC resolution of August 17, 1998, the amendments into the emission prospectus for ordinary nominal uncertified shares (state registration number assigned to the issue is MF73-1p-0204 of May 20, 1993). As a result, the face value of ordinary nominal shares accounts for RUB 0.01.
Thereafter, Gazprom’s first ordinary nominal uncertified stock issue (state registration number MF73-1p-0204 of May 20, 1993) at a nominal value of RUB 0.01 per share and 23673512900 shares in number was cancelled in terms of conducted on December 30, 1998 conversion to ordinary nominal uncertified stock of second issue at a nominal value of RUR 5 per share and 23673512 900 shares in number.
Entities recorded in Gazprom’s shareholders’ register and holding over 2 per cent of the shares as at December 31, 2009| Registered entity | Equity stake, % |
|---|---|
| The Russian Federation reperesented by the Federal Agency for State Property Managemen | 38.373 |
| OAO Gazprombank (nominee holder) | 41.985 |
| Rosneftegaz | 10.740 |
| Gerosgaz | 2.930 |
| E.ON Rurhrgas AG | 2.500 |
Secondary Public Offering
Ordinary nominal uncertified shares
Essential data on floating Gazprom’s securities (shares):
- Number of shares issued: 23 673 512 900 shares
- Nominal value of a share: RUB 5
- Total nominal value of shares issued: RUB 118 367 564 500
American Depositary Receipts (ADR)
ADR (an American Depositary Receipt) is a free-floating security issued by an American Depositary and representing ownership interests in the deposited securities of foreign companies.
ADR for Gazprom’s shares were issued to provide the floating of the Company’s shares in international markets. Before April 18, 2006 one ADR share was equal to 10 Gazprom’s shares.
On April 18, 2006 the number of Gazprom’s ordinary shares corresponding to one ADR was decreased from ten to four. ADR, floated earlier were automatically converted pursuant to the said ratio.
Since April 18, 2006 it has been also possible to convert Gazprom’s ordinary shares to ADR and back.
During 2009 ADR for Gazprom’s shares grew by 79 per cent up to USD 25.50 as quoted by the London Stock Exchange.Capitalization
OAO Gazprom’s market capitalization increased to US $144.5 billion as of the end of 2009. In spite of the growth in the market capitalization during the year, OAO Gazprom’s average market capitalization decreased by 51.7 % compared to 2008 to US $116.5 billion.
All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.
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