How Rosneft overturned Sberbank, a mysterious tweet of a mask and how to survive overloads at work

Rosneft overtook Sberbank and for the first time in two years became the most expensive Russian company. How did it happen? We explain in the evening newsletter The Bell.

Rosneft's stock quotes since January 2018. Source: Moscow Exchange

The increase in oil prices and acceleration of quotes using the Buy-Back generous announcement did not let Rosneft down: today the company for the first time since 2016 has become the most expensive in Russia. But the point is not only that Rosneft has risen in price (by 37.1% from the beginning of the year), but also that the previous leader, Sberbank, has fallen in price by 15.8%.

• The Rosneft triumph is explained as follows: yesterday the company confirmed the plans until 2020 to hold Buy-Back in the amount of up to $ 2 billion, and today it reported on record quarterly profit, which has grown by 20% at once and amounted to 373 billion rubles. This is more than analysts and investors awaited. The companies helped the increase in oil prices, strengthening the ruble (72 billion rubles in profit is exchange rate differences) and a one -time income from the purchase of shares in joint companies with Exxonmobil (another 23 billion rubles).
• In total, for six months, the net profit of Rosneft has grown almost four times - to 351 billion rubles, of which more than 150 billion rubles, usually not particularly generous to shareholders, can give them in the form of intermediate dividends. This is more than the state -owned company gave them for the whole last year (111 billion rubles).
• Finally, the investors should have been added by Igor Sechin’s long -awaited words that the company completed the “main strategic acquisitions”, and is now “focused on organic growth and monetization of Synergy from acquired assets”.
• But Rosneft would hardly have become the most expensive in Russia, if not for the fall of the value of the previous leader, Sberbank, whose capitalization at the end of February reached 6 trillion rubles. But since then, shares of the largest Russian bank began to quickly become cheaper - over the past five months it has fallen by 27%.
• Sberbank is cheaper for two reasons, says Timur Nigmatullin’s discovery analyst-firstly, his percentage margin decreased along with the key rate of the Central Bank, and secondly, Sberbank is cheaper due to sanctions, both already introduced andloosened on the horizon of new ones. Indeed, the bank survived the most sharp fall (by 20% in just two trading days) after the introduction of American sanctions on April 6.

What am I to me?

If you invest in the Russian stock market, the main thing is to follow now - news from the US Congress. If restrictions against Russian banks are included in the new sanctions package, for shares of Sberbank (not to mention his business) this will be a big blow: in the capital of Sberbank, there are about 2.5 trillion rubles in non-resident shareholders-more than the amount of non-residents in the OFZ, Timur Nigmatullin notes. From blue chips, he recommends large private exporters - Severstal and Lukoil, which benefit from a weak ruble, but are not subjected to sanctions pressure.

MONEY

The riddle from the mask

For almost two hours now, the entire American stock market has been racking his head over the tweet of Ilona Mask: the founder of Tesla wrote that he was considering divisting the company from the exchange, if its shares rise in price to $ 420, and “financing is already secured”. Tesla shares immediately jumped by 8% (now the paper costs about $ 360), but then they lost half a height - apparently, the market began to doubt that Musk writes seriously. There are still no official comments from Tesla, and such statements by the company's CEO will surely cause serious questions from the American SEC regulator - in theory it allows companies to disclose information on social networks, but it is definitely not in such a form, and the mask on all signs can be regarded as a market manipulation. However, all this may turn out to be a joke: Musk continues to answer questions on Twitter only with the number “420” - this is something like a code word in the culture of marijuana lovers. But if we are talking about a real redemption, the mask will have to first explain to the SEC, and then tell me where he will find about $ 50 billion necessary for the transactions.

The dollar is more profitable

The Fed’s rate is growing, the threat of new sanctions is also. All this means that it is time to invest in dollars - especially since both reasons lead to growth in dollar deposits. Today, the maximum rate on foreign currency deposits in Sberbank for the first time struck a 3%mark. So far, this applies only to deposits over $ 3 million, but the rates will certainly continue to grow further after the Fed’s rate - and especially if the package of new American sanctions includes restrictions for Russian banks, which Barclays paid attention to yesterday.

Usmanov passed Arsenal

“I decided to sell my shares of the Arsenal football club, which may be the best football club in the world. I wish great successes to a wonderful football club and everyone whose life and career are connected with it, ”this ended the story of the many years of war Alisher Usmanov for Arsenal. The buyer will predictly become the main owner of the club American Stan Kronka. Since 2007, the billionaires bought up the club’s shares, which became one of the symbols of English football, but by 2012, Usmanov lost in this race: Kronka collected almost 70% of the shares, leaving the opponent even without a place in the Council of Directors. But why Usmanov decided to sell his package right now - it is not clear: last year he said that he was going to defend the interests of the club and its fans to the end.

PRACTICE

The salary of bosses stimulates to work

The motivation of the employee will work in good faith significantly if he finds out that his colleagues in similar positions earn more - obvious observation. However, as the studies show , if the employee finds out that the boss earns more than the alleged employee of the amount, then his motivation is productive to work, on the contrary, will increase. “A higher salary is inspiring. Employees have an additional incentive to move forward to get an increase and earn as their bosses, ”scientists say.

How to stop being upset due to overloads at work

There are very few people who actually work for more than 60 hours a week (in the USA there are 6.6% in the United States). Nevertheless, if you repeat “I work 70 hours a week” and constantly think about working in my free time, your brain begins to “believe” in these numbers, which leads to even greater experiences - a vicious circle is obtained. These are just one examples of how too many unreasonable anxiety due to work violate internal harmony and, of course, affect productivity. HBR talks in detail about five ways to make life easier and get rid of unnecessary experiences at least in non -working hours.

To London - only through Airbnb

London is the world capital of Airbnb: almost 60 thousand services of the service at the average price per day of $ 184 are operating in the city. The most expensive housing for the service in New York is $ 186 per day (35 thousand offers), the cheapest in Rio de Janeiro, $ 58 (30 thousand sentences). Moscow in the list goes the fourth - one day will cost an average of $ 128 (30.6 thousand offers).

Peter Mironenko