Manfred,, that was before Yeltsin did poo poo ,, yes ,,I was told in late Oct last year that Russia ,, western funds were getting out ,, and Yeltsin put a 30 day moratorium ,, on with drawing the funds.. back in January ,,
A bad sign ,,
I shorted VIP ,, and saw it go to 4 1/2 ,, but I am back in as a long now ,,
As for payment ,, as company stated in last report,,3rd qt ,,which will be released end November,, will be impacted by the recent development ,,
I called the New York office and asked for curent institution ownership including Fidelities share of 11.5 % ,,, current subscriber nos and the method of payment .. she is getting back to me on Monday ,,
Meanwhile,, I expect a few point pop due to shorts covering .. and even 1/3 of former glory ?
I mean ,, Russia may be defunct,, but with rev of 90 mill per qt,, and pe of 3 ,, even if they come in 1/2 revenue on EBITDA in November,, I think stock is very undervalued here,,
Russia is not going away ,, nor will the people of Russia , who has survived,,great surfism ,,hundreds of famines, occupations,, tragedies and wars as well as tyrants,, will not go away .. they are very stodgy and resilliant people.. they may be hungry now ,, and a third world brut,, but believe me ,, average level of education per capita is well ahead of many western nations,,
They still have largest reserve of gold,,oil and timber,, as for bartering for VIP services with vodka is an insane argument,,
In fact land lines are the most unreliable and most expensive in Russia or any other emerging economies with vast land masse,, we in America ,, have no idea,, how lucky we are when it comes to telephones.. in many countries even now,, to get a phone line ,, you must pay ,, any where from 500 to 3000 USD just to have a phone line installed to your home or office ,, and horrendous monthly service charges .. I am sure it was like the first TV here or any where else... China also through ERICY is using mobile as a solution to reach out the infrastructure,,
So from what I can see ,,it was a delicious short,, in the past ,, but now.. I don't see the down side except back to 4 1/2 ,, yet Friday's volume tells us that there is something else going on .. so there is a hope and possible pleasant surprise to the upside,,
Even a worm when stepped on will squirm and twist,, how low can this company go ,, do not fight the trend ,,
I am expecting at least 1 mill volume on Monday - Tuesday ,, what will it do to the stock ,,
VIP - OPEN JOINT STOCK VIMPEL-COMMS
Exchange: NYSE comp
Delay: at least 20 minutes
Last Price: 8 9/16 at 15:59 EDT
Change: Up 2 5/8 (+44.21%)
High: 8 3/4 at 15:47 EDT
Low: 6 1/16 at 10:15 EDT
Open: 6 3/16
Previous Close: 5 15/16 on 10/8
Volume: 411,800
30-Day Avg. Volume: 256,000
Shares Outstanding: 19,280,000
52-Week High: 59.43
52-Week Low: 4.31
Beta: Not Available
Yield: Nil
P/E Ratio: 3.76
EPS: 2.28
Currency Units:
S&P Comstock
OPEN JOINT STOCK VIMPEL COMMUNICATI
Prices Available: 11/18/96 through 10/09/98
Ticker: VIP
Date Volume High/Ask Low/Bid Close
-------- ---------- ---------- ---------- ----------
09/10/98 363,400 9 15/16 8 5/8 9 3/16
09/11/98 233,000 8 15/16 8 9/16 8 15/16
09/14/98 142,700 9 5/16 8 3/4 8 7/8
09/15/98 160,700 8 3/4 8 3/16 8 5/8
09/16/98 287,800 8 7/8 7 7/8 8
09/17/98 296,600 7 7/8 6 3/4 7 1/8
09/18/98 329,500 7 3/16 5 3/8 5 7/8
09/21/98 372,600 6 5 5 3/4
09/22/98 288,000 6 3/16 5 1/4 5 1/2
09/23/98 409,900 6 5 1/2 5 15/16
09/24/98 164,100 6 3/16 5 1/2 5 11/16
09/25/98 101,900 5 7/8 5 9/16 5 7/8
09/28/98 128,100 6 5 3/4 5 13/16
09/29/98 118,200 6 1/16 5 9/16 5 5/8
09/30/98 203,400 6 3/8 5 1/16 5 1/4
10/01/98 249,800 5 4 3/8 4 3/8
10/02/98 155,500 4 5/8 4 5/16 4 1/2
10/05/98 61,400 5 1/4 4 9/16 4 13/16
10/06/98 269,600 5 15/16 4 7/8 5 13/16
10/07/98 282,500 6 7/16 5 13/16 6 1/8
10/08/98 162,700 6 5 3/16 5 15/16
10/09/98 411,800 8 3/4 6 1/16 8 9/16 |
